Article is not from our area, but our area has the same problem.
Las Vegas Realtor Noah Herrera is noticing a few eerie similarities between the housing market before the 2008-09 economic crisis and the current scene.
Before, it was Wall Street packaging risky subprime mortgages into mortgage-backed securities. Now it’s Wall Street buying as many entry-level homes they can get their hands on, renting them out in alleged predatory fashion and packaging them as rental-backed securities.
https://www.reviewjournal.com/business/housing/why-does-wall-street-want-to-buy-your-house-2911641/
These bankers deserve to eat ****.
Las Vegas Realtor Noah Herrera is noticing a few eerie similarities between the housing market before the 2008-09 economic crisis and the current scene.
Before, it was Wall Street packaging risky subprime mortgages into mortgage-backed securities. Now it’s Wall Street buying as many entry-level homes they can get their hands on, renting them out in alleged predatory fashion and packaging them as rental-backed securities.
https://www.reviewjournal.com/business/housing/why-does-wall-street-want-to-buy-your-house-2911641/
These bankers deserve to eat ****.