Tell Congress: Stop Wall Street from buying up all of our homes
It’s Faiz from More Perfect Union. Owning a home used to be a part of the American dream. But ever since the 2008 foreclosure crisis, Wall Street investment firms have been buying up millions of homes across the country -- even buying up entire neighborhoods This has hit the Sun Belt particularly hard with Wall Street landlords now owning a quarter of all single family homes in Atlanta. Charlotte , North Carolina; Tampa , Florida; Atlanta , Georgia; Phoenix , Arizona; Las Vegas , Nevada. Every one of these cities is seeing their housing market manipulated by Wall Street. Real estate brokers are calling this crisis “catastrophic.” Renters tell similar stories about Wall Street landlords that jack up rental fees, refuse to make repairs, and evict tenants, not as a last resort, but as part of their business model. More Perfect Union traveled across the country to some of the hardest hit cities to learn more. Increasingly, Democrats and...