TRUTHOUT

Following the foreclosure crisis after the 2008 housing bust, Wall Street speculators bought up foreclosed properties, seeing an opportunity to make big profits off the suffering of others. Private equity firms like the Blackstone Group and Barrack’s Colony Capital purchased tens of thousands of foreclosed properties that had been previously owned and lived in by families. What were once opportunities for people to own homes and build wealth, have become rental empires for the wealthy to squeeze profits from working families.

Read our op-ed to learn more