Center for American Progress

What Happens When Wall Street Owns the Neighborhood?
Article

What Happens When Wall Street Owns the Neighborhood?

Institutional investors have bought hundreds of thousands of single-family homes to rent out, and now, Wall Street firms have created a security that is backed by these homes and supported by their rental incomes.

See also: When Wall Street Buys Main Street by Sarah Edelman, with Julia Gordon and David Sanchez

Over the past few years, institutional investors have bought hundreds of thousands of single-family homes across the country and rented them out. Now, Wall Street firms have created a security that is backed by these homes and supported by their rental incomes. This tool lowers their cost of buying and renting these homes and could supercharge the single-family rental industry.

Click here to view an infographic with some important questions we need to ask about the potential impacts of this new trend.

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Authors

David Sanchez

Policy Analyst

Sarah Edelman

Director, Housing Policy

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