Thursday, November 14, 2013

Is this happening In Hawaii? Real Estate "Flopping" The New Corporate Screw Job

An article posted  noted the following items:
Large investment firms have spent billions of dollars over the last year buying homes in some of the nation’s most depressed markets. The influx has been so great, and the resulting price gains so big, that ordinary buyers are feeling squeezed out. Now, investment companies like the Blackstone Group have swooped in, buying thousands of houses
Joe Cusumano, a real estate agent in Riverside County, Calif., said that in recent months 90 percent of his business had been for companies like Invitation Homes, a Blackstone subsidiary.
90% of his business!
 Go here for th full outrageous article....Real Estate "Flopping" The New Corporate Screw Job

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