Report Reveals How House Flipping Hurts Affordable Neighborhoods (BKReader)

In 2017, investors purchased over one-third (38 percent) of the homes that sold at prices within reach of middle- and working-class families in New York City, dramatically diminishing the supply of homes affordable to those households. Renters are also affected by house flipping when investors swoop in terminate tenant leases to house flip.

(Read the rest of the article on BK Reader)