Wall Street is cashing in on post-2008 housing crisis


Blackstone Group is cashing in on its bet on the suburban rental class. The private-equity firm late Tuesday sold more than $1 billion of shares of Invitation Homes Inc., the giant single-family home landlord it launched following the financial crisis in a wager that many Americans would be willing to rent the suburban lifestyle they could no longer afford to own.



In the two years since private-equity firm Blackstone Group launched its suburban home management service, Invitation Homes, the company's stock has gone up by over 26%. 

During that same time, homeownership has fallen to its lowest levels since the mid-1990s, rents have edged upward in the nation's biggest metro areas, and an increasing number of Americans have become long-term tenants of Wall Street-based investment firms. 

Simply put: Owning rental housing is a booming business that, increasingly, is seeing profits flow into fewer and fewer hands. The phenomenon is due in large part to Obama-era policies enacted at the height of the Great Recession, when credit was scarce, demand was low, and the government moved to incentivize private investors into buying up flailing suburban properties. Nearly a decade later, following years of under-building in the housing sector, those policies and investments have begun bring in juicy dividends for the investment firms and their shareholder...

Antonio Pacheco via Archinect - News http://bit.ly/2Xpdt7e

Yorumlar

Yorum Gönder

Bu blogdaki popüler yayınlar

2017 CMYK Color Swatch Calendar

Resim
Après les éditions 2014, 2015 et 2016 , le graphiste et designer Peter von Freyhold revient avec l’édition 2017 de son CMYK Color Swatch Calendar . Chaque jour de l’année dispose d’un petit onglet de couleur à détacher. Il est donc possible de créer des petits nuanciers de couleur, à l’aide des attaches disponibles. Un calendrier idéal pour les amoureux de design. L’objet est disponible à la vente ici . , Léa, via Fubiz Media http://ift.tt/2e1Vnqo
Devamı

Wood Urbanism

Resim
Wood Urbanism: From the Molecular to the Territorial Daniel Ibañez, Jane Hutton, Kiel Moe (Editors) Actar Publishers , November 2019 Hardcover | 8 x 10-1/4 inches | 488 pages | English | ISBN: 978-1945150814 | $54.95 PUBLISHER'S DESCRIPTION : Wood holds unique and timely lessons for urbanization, yet it remains inadequately characterized in architecture, landscape architecture, and urbanism. From under-considered thermal properties to emerging manufacturing possibilities, from changing forestry regimes to larger carbon cycle dynamics, Wood Urbanism explores the unique material and scalar properties of wood, presenting it as a critical material for design today. It brings into conversation scholars and practitioners who focus on wood from a range of perspectives: from the working forest to the mid-rise building to the basic cell. Drawing from the inherent intelligence and depth of multiple disciplines, this book offers a transcalar perspective on the role of wood in cont...
Devamı

Building a gentrification early warning system with big data

Resim
But what if there were a way to see gentrification long before the coffee shops, condos and Whole Foods appear? What if city planners and neighborhoods had an early warning system that could sniff out the changes just as they begin? [...] neighborhood advocates would have the opportunity to implement policies ranging from reserving affordable housing units to educating residents of their renting rights to helping small businesses negotiate long-term lease extensions. In his NPR piece, astrophysics professor Adam Frank explains how various big data sets, like housing prices, eviction records, census data, or social media usage, can be utilized for "predictive analytics" to detect early onsets of gentrification for specific neighborhoods at an increasingly high resolution — and what significant perils come with it. Alexander Walter via Archinect - News http://ift.tt/2wjDBoB
Devamı