HomeLatest ThreadsGreatest ThreadsForums & GroupsMy SubscriptionsMy Posts
DU Home » Latest Threads » Forums & Groups » Main » General Discussion (Forum) » Short article-- affordabl...

Sun Nov 10, 2013, 09:16 AM

Short article-- affordable housing

http://www.charlotteobserver.com/2013/11/09/4452995/charlottes-wall-street-landlords.html#.Un995_lQH4I

The Wall Street-backed investment firms that have bought Charlotte homes by the hundreds are moving with unusual speed to evict their new renters when payments don’t come in as expected.

It’s the latest sign of how Wall Street’s entry into the local single-family home market has transformed that corner of Charlotte’s housing sector.

Doretha Johnson, 59, had rented a home near North Graham Street and Interstate 85 for nearly four years when her landlord sold it to a subsidiary of Blackstone, a Wall Street private equity giant. The house’s new owner, Invitation Homes, raised the rent by a third, beyond what she said her fixed income would bear.


Read more here: http://www.charlotteobserver.com/2013/11/09/4452995/charlottes-wall-street-landlords.html#.Un995_lQH4I#storylink=cpy

2 replies, 583 views

Reply to this thread

Back to top Alert abuse

Always highlight: 10 newest replies | Replies posted after I mark a forum
Replies to this discussion thread
Arrow 2 replies Author Time Post
Reply Short article-- affordable housing (Original post)
JanMichael Nov 2013 OP
CrispyQ Nov 2013 #1
leftstreet Nov 2013 #2

Response to JanMichael (Original post)

Sun Nov 10, 2013, 10:41 AM

1. They want it all.

Every last thing of value in this country, they want it, & they are working to take it.

Reply to this post

Back to top Alert abuse Link here Permalink


Response to JanMichael (Original post)

Sun Nov 10, 2013, 12:55 PM

2. DURec

Reply to this post

Back to top Alert abuse Link here Permalink

Reply to this thread