The story of one L.A. house illustrates the tens of thousands now off the market for working-class and first-time homebuyers.
One of President Donald Trump’s closest friends and confidants took advantage of the Great Recession to build an unprecedented real estate business that makes him tantamount to a modern-day slumlord – buying up homes, bumping up rents and allowing the properties to fall into disrepair.
Government auditors also report the insurance fund for taxpayer-backed mortgages lost $14.2 billion.
Housing company representative defends its “professionalism, dedicated resources, and a lot of energy and desire to service our residents.”
Tenants of one of America’s largest corporate landlords briefly occupied the San Francisco offices of the chairman of its board Thursday, delivering a petition signed by 1,400 people demanding a rent freeze in all of the company’s rental properties.
A whistleblower says “there shouldn’t even be a hearing” for Joseph Otting, Trump’s choice for the nation’s top banking regulator, due to an $89 million federal fraud settlement.
Tenants who rent homes from one of America’s largest corporate landlords are asking the company to stop increasing their rent and address what they say is endemic neglect of the properties.
The Federal Housing Finance Agency held a closed-door meeting with industry executives to discuss “opportunities” in the single-family rental market.
Thomas Barrack, a close confidant of President Donald Trump’s, has walked away from the rental housing empire he built following the housing bust, cashing out his ownership stake in a move likely to make him hundreds of millions of dollars. The move came late Friday, one day after Reveal published an exposé on the company he founded.