Every story needs a villain, and when it comes to the housing crisis, Wall Street investors make ideal antagonists.
Rich, venture capital firms are reportedly swooping into cities like Cleveland, Columbus and Cincinnati and gobbling up homes meant for first-time buyers.
It’s a great story, but we wanted to know if it was true.
We’re diving into the world of institutional investors to find out how many Ohio homes are part of these portfolios and whether Wall Street is cashing in on the American dream.
We're looking into this facet of the ongoing housing crisis in this week's edition of "Untangled."
Guests:
- State Sen. Bill Blessing, R-Colerain Twp.
- Athena Tsouderou, Asst. Professor of Finance, University of Miami (pre-taped)
- Gene Slater, national housing expert
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