Cenk Uygur
@TheYoungTurks·6.5M subscribers·72.8K videos
Wall Street Finds New Way To Make Housing Crisis Even Worse
Posted
December 26, 2024
Views
109,606
Likes
3,203
Comments
1,351
Engagement
4.15%
December 26, 2024
109,606
3,203
1,351
4.15%
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12:44Now PlayingPrivate equity firms are pouring resources into the buildtorent market, exacerbating a major housing crisis. Ana Kasparian discusses on The Young Turks. Your Support is Crucial to the Show
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"As more millennials enter their prime homebuying years and start families, many are finding themselves priced out of the most coveted suburban neighborhoods with top-flight schools and are turning instead to renting upscale single-family homes, The Wall Street Journal reports.
A rush of institutional investors and private equity firms are pouring into the build-to-rent market, a subsector where developers construct neighborhoods of single-family homes for the sole purpose of leasing them to tenants, instead of selling them.
The investors are aiming to capitalize on a growing cohort of people who thought they would become homeowners as they moved to the next stage of life and started families but now increasingly view renting as a more affordable long-term option."
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