Over Two Thirds of All Los Angeles Rentals Are Now Owned by Speculative Investment Vehicles
Via Knock-LA.com: A new study by Strategic Actions for a Just Economy links corporate ownership to faster neighborhood rent increases.
Read the article here: https://knock-la.com/los-angeles-rental-speculation-4022d16a0d28/
Driven by the post-crisis movement of Wall Street capital into the rental market, and the increasing adoption of corporate structures by landlords of all kinds, today for the first time in history, more rental units nationwide are owned by corporate landlords than individuals.
Los Angeles has not escaped this nationwide corporate takeover. Our new report “Beyond Wall Street Landlords: How Private Equity in the Rental Market Harms Tenants,” uncovers what is happening here and nationwide, and what it means for tenants.