CSPAN3 Hearing On Housing Availability And Affordability July 22, 2022
These homes tend to be located in communities with more families of color than the national average. They tend to be located in neighborhoods with more working people and single mothers than average. These private equity firms have the advantage of being able to purchase these homes with cash, therefore they easily outcompete individual buyers who may require loans. This all has the troubling effect of displacing residents of color and leading to gentrification of these communities. Private equity firms have demonstrated themselves to be very poor landlords. Evidence shows these companies impl...