Really interesting distribution on RTO (which is bad & exploitative). I guess mid-level suburban homes are better candidates than higher priced urban homes, although I’d think there’d be more of it in N MPLS given that. Maybe aspirations of upward mobility/leaving the city go along with that too
Reposted from
Tony Damiano
Institutional investors like REITs and PE were concentrated in a few types of neighborhoods. PE was heavily concentrated in lower income communities of color while REITs were more concentrated in middle-income suburbs. Rent to own homes were more concentrated in middle and outer suburbs 2/
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