Link: http://www.marketplace.org/topics/economy/new-financial-innovation-housing-market
Summary: Large investors have started buying houses–in the past few years, they have bought almost 200,000 new homes. The strategy was to buy low, and set the rent high. Interestingly enough, housing prices have appreciated, and rental prices have stayed the same, which results in not as big of a profit for the investors. This has created what they call rental-backed securities.
Original Air Date: October 13, 2014
Length: 2 minutes 52 seconds
audioecon 