Purchasing Up To 24% Of Houses In Some Areas They Then Rent Out
By ADAM SCHRADER
House prices in the United States are being pushed up by pension funds that are outbidding middle class families and purchasing up to 24% of houses in some areas they then rent out, according to a new report.
John Burns Real Estate Consulting has said pensions and private-equity firms are competing with young homebuyers which will make home costs ‘permanently more expensive,’ The Wall Street Journal reported.
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