Private Equity's Ruthless Takeover Of The Last Affordable Housing In America

[soandso]

5. OMG, Blue Wave, I am so thankfull you posted this!!!!!!!

For two reasons: this has been an interest of of mine since Obama was president which, AFAIK, is about when private equity started buying up single homes (thousands and thousands of them), including trailer and manufactured home parks. In addition to that, I know the guy in the video, Theo Gantos. We grew up and hung out together for years. He moved to Chicago and we stopped communicating and I had no idea he'd moved back to Michigan. What's really bizarre is that he came from a very wealthy family that owned a women's clothing store (best store I have ever shopped in, with the most beautiful clothes, bar none), called Gantos. Anything you bought, they would tailor for free. For reasons unknown to me, they filed for bankruptcy and closed. Theo lived in the most expensive part of town, in a beautiful home (his dad's) that even had in indoor pool. I'm shocked to see he lives in that park because it obviously means he doesn't have much money. I am definitely going to get in touch with him. This an issue I can really get behind and I have formulated some ideas about to deal with this terrible problem, though not the lot rent part.