Wall Street is becoming the new landlord in certain areas of the US, that saw price stock rocket and then plumet (Vegas & Phoenix). Large investment firms have spent billions of dollars over the last year buying homes in some of the US’s most depressed markets.
At the rate these firms are buying homes in those areas prices are increasing quickly. Is this a short term spike? Will prices level out? Will they decrease again in these areas once Wall Street firms stop buying?
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Tuesday, June 4, 2013
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