Bloomberg News's Patrick Clark reported that after falling since 2012, home buying by Wall Street players increased in 2017. Wall Street landlords may also compromise quality. Big landlords have cheap financing at their disposal - securitised bonds, REIT share sales - while individuals have to rely on mortgages. Big landlords may also value a house more, due to the high rents that their local market power lets them to squeeze out of tenants. Thus, the rise of the Wall Street landlord model may put a damper on U.S. middle-class wealth accumulation.

Source: Irish Independent April 04, 2019 01:38 UTC