The study found that when investors first acquire a property, they raise the rent 60% more than the average increase, but over time, rent increases become about 7% on average, still higher than noninvestors.
Investors target neighborhoods with a higher share of Black residents, lower home values, but higher median incomes. Their presence leads to rent increases in non-investor-owned houses too, without driving out minority residents.
#institutional-investors #single-family-rental-houses #rents-increase #neighborhood-impact #real-estate-investment
Collection
[
|
...
]