Elena Botella

Writing about how Americans get by

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    Business,  Economic Policy,  Retirement
    · June 19, 2021

    Investment Firms Aren’t Buying All the Houses. But They Are Buying the Most Important Ones.

    You may have read in The Wall Street Journal or elsewhere about the trend of investors buying up single-family homes. For Slate I did a deep-dive by reviewing the financial records of the largest home buyers and uncovered an important point: investors like Invitation Homes (a spin-off of private equity company Blackstone) don’t buy homes at random. They’re really buying up smaller, more affordable housing in growing cities like my hometown of Charlotte: in other words, the specific homes that could have been wealth-building for the working class. An interesting point about many of the giant asset managers that are buy these houses is that they’re not just managing the…

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Elena Botella

Writer · Washington, DC

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