Hedge Funds Are Taking Over Brooklyn

Private equity and investment firms in recent years have bought up cheap real estate in markets hit hardest by the housing bust.

The goal here isn’t to “house flip,” but to rent out homes and take in steady income. The upshot, some argue, is that real buyers are squeezed out of the market by the big dogs.

Read Complete Article

This entry was posted in Syndicated. Bookmark the permalink.

Leave a Reply