Dustin Dwyer, Nieman Fellow at Harvard University and reporter for Michigan Radio; and Susan Wachter, co-director of the Institute of Urban Research at the University of Pennsylvania and Professor of real estate and finance at the Wharton School of the University of Pennsylvania, join On Point host Tom Ashbrook to discuss home ownership, the real estate market and rentals.
In the depths of the Great Recession, waves of American homes went into foreclosure. Homeowners were in deep trouble and big time American investment money – private equity – moved into American neighborhoods and bought up thousands and thousands of homes. Those neighborhoods have been turned into rental districts, waiting to resell. They’re still buying, and its changing who owns, who rents, what they pay, and how we live … Listen to the podcast