"It’s a new phenomenon sweeping across the nation: big institutional investors buying up foreclosed homes by the hundreds – even thousands – in distressed communities. > Even though the housing market is improving, a new Morgan Stanley report says homeowners who have defaulted on their mortgage will likely have no choice but to rent, and that will result in “moving the country towards a rentership society. > "And that’s one of the big reasons why large investors are buying up so many houses so quickly. ..."
Posted on: Sat, 24 Aug 2013 06:02:30 +0000
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