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Stateline reporter Robbie Sequeira on the widespread corporate takeover of residential housing
Robbie Sequeira (Courtesy photo)
It’s common knowledge that the nation’s housing market – especially in growing areas like North Carolina – has become prohibitively expensive for millions of people, and a new report from researchers at the Lincoln Institute of Land Policy and the Center for Geospatial Solutions (which is housed at the institute) highlights a major culprit – the rising tide of corporate ownership of the nation’s residential housing stock.
According to the report – which is entitled “Who Owns America,” nearly 9% of residential parcels in 500 U.S. counties are owned by a…
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