Phys.org, March 20, 2024, ‘Modern-Day Redlining’: Research Investigates Wall Street-Backed Rental Market
Carol Camp Yeakey, the Marshall S. Snow Professor of Arts & Sciences and founding director of Washington University in St. Louis’s Center on Urban Research & Public Policy, is leading a two-year national study to examine the surge of corporate investors in the single-family rental (SFR) market and the implications for renters, especially marginalized communities of color.
The research builds off Camp Yeakey’s recent paper, “Corporate investors and the housing affordability crisis: Having Wall Street as your landlord,” which was published in January in the American Journal of Economics and Sociology. The paper examined how the Great Recession enabled corporate investors to buy foreclosed and low-income houses and private condominiums located in economically distressed neighborhoods at nominal costs and convert them into single-family rental properties.
