Global Investors, and Not Families, Are Buying Affordable Homes (Next City)

Investor home purchases have not only doubled since the foreclosure crisis but represent the nation’s largest landlords of single-family homes in the nation. “Investors” are defined as individuals or companies that purchase homes to profit from them by flipping them, converting them into rentals, or holding them for the purpose of storing and building wealth through real-estate appreciation. While this is a concerning issue for homeowners across New York City, other issues are identified as skyrocketing prices, tight lending conditions, investor competition, stagnant wages, and high-risk flood zones. Read the rest of the article here.