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The 1% & Single Family Home Rentals

The media continues to follow the story of hedge fund and private equity players' interest in the nation's inventory of foreclosed homes and the single family rental housing business. Regular readers have likely run across some of our own coverage of the issue- indeed, there would seem to be a lot of potential benefit for consumers and the housing market writ large in these large pools of money sucking up the scores of houses sitting empty, not only physically deteriorating themselves, but also corroding home values in every community where they sit. But this author pivots to look at the risks of "the 1%" controlling vast swaths of single family rentals, including the potential for another bubble. [Business Insider]