Billion-dollar property investment venture Progress Residential has been buying up homes in suburban Nashville since 2012, profiting off of the fallout of the housing market crash of 2008. The firm has not only outbid and out-priced regular home buyers and provided sub-par services to tenants, but it is also bankrolled by ultra-wealthy investors from all over the world. Ana Kasparian discusses on The Young Turks. Watch LIVE weekdays 6-8 pm ET.
Read more HERE:
“The homes on Tammy Sue Lane aren’t fancy. Modest in size and clad in vinyl siding, the houses were priced below $200,000 when most were built about 15 years ago, and for many families in suburban Nashville, they represented a first chance at homeownership.
A corrections officer bought one, and so did a housekeeper and an electrician.
Then some of the world’s wealthiest people bought in.”
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