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Here's What Happens When Wall Street Builds a Rental Home Empire
enants of these Wall Street-backed rental companies have also posted hundreds of scathing reviews on Internet message boards, such as Yelp, Topix and Zillow. (These sites also include a sprinkling of positive comments, though they comprise a distinct minority.)
Thanks for the article. Isn't there laws protecting tenant's rights?
As a city attorney in a boom town told me when I was on the city council "tenements are the cheapest form of housing." . This is the perfect business model really: buy cheap, invest the minimum, do the minimum, depreciate whenever possible, sell to the next investor looking for a tax break. Pure capitalism. Slumlords have always been flexible, and slums don't have to be vertical.
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This is the perfect business model really: buy cheap, invest the minimum, do the minimum, depreciate whenever possible, sell to the next investor looking for a tax break. Pure capitalism.
Slumlords have always been flexible, and slums don't have to be vertical.