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Multi-millionaire French heirs to Hermès fortune own stake in Tampa rental houses Their investment in the Hillsborough homes was recently revealed by a new disclosure law in Luxembourg.     Fred Akers, 63, in front of his Tampa rental home. His home is one of many rental homes in the area that is owned by a real estate investment company that counts several heirs to the French luxury goods company Hermès among its investors. [ DIRK SHADD | Times ] Published Feb. 19 Updated Feb. 19 TAMPA — The 1961 concrete-block house isn’t fancy, but renter Fred Akers, a 63-year-old m...

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There haven't been so many single-family homes under construction in the U.S. since 2007, yet many of these new houses won't be for sale. Investors are building tens of thousands of houses expressly to rent in a bet that Americans will keep flocking to spacious suburban living even if they can't afford to buy homes. The Covid-19 pandemic sparked a race for space among Americans, and home prices have surged to records. The gains have outpaced wage growth, straining affordability despite historically low borrowing costs. Homeownership is unaffordable for average wage earners in 55% of U.S. coun...