It's no secret by now that high dollar investment firms have been buying up a significant fraction of low end real estate in the United States. Just the foreclosure to rental market alone this year is expected to be a $100 BILLION industry. That doesn't include short sale or conventional sale to rental market.
Companies like Waypoint (Oakland based) are buying up property all over CA and currently owns over 1800 homes. Blackstone (NY based) is buying about 40 houses per week in the greater Sacramento area.
Low end . . .
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