90: Scapegoat or Savior: Did Wall Street HELP the Housing Market? w/Ermengarde Jabir and Thomas LaSalvia
Back in 2008, the housing market was in freefall. With foreclosures at record highs, homeowners nationwide had to return their residences to the banks. The problem? Banks didn’t want them. Big banks never wanted to be conglomerate landlords. So, who did they pass the homes off to? Institutional investors, REITs, and iBuyers that many real estate investors fear and also blame for today’s real estate problems. But is today’s affordability crisis really Wall Street’s fault, or is there someone else to blame?
Back from Moody’s Analytics, we’ve got Thomas LaSalvia and Ermengarde Jabir on the show…
The skinny
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