Short article-- affordable housing

[JanMichael]

http://www.charlotteobserver.com/2013/11/09/4452995/charlottes-wall-street-landlords.html#.Un995_lQH4I

The Wall Street-backed investment firms that have bought Charlotte homes by the hundreds are moving with unusual speed to evict their new renters when payments don’t come in as expected.

It’s the latest sign of how Wall Street’s entry into the local single-family home market has transformed that corner of Charlotte’s housing sector.

Doretha Johnson, 59, had rented a home near North Graham Street and Interstate 85 for nearly four years when her landlord sold it to a subsidiary of Blackstone, a Wall Street private equity giant. The house’s new owner, Invitation Homes, raised the rent by a third, beyond what she said her fixed income would bear.


Read more here: http://www.charlotteobserver.com/2013/11/09/4452995/charlottes-wall-street-landlords.html#.Un995_lQH4I#storylink=cpy

[CrispyQ]

1. They want it all.

Every last thing of value in this country, they want it, & they are working to take it.

[leftstreet]

2. DURec