Maybe you are elderly and on a fixed income, or for some other reason you cannot afford a major increase in your cost of living, but you live in a Midwestern city where the cost of living is traditionally low. You’ve owned your home for years and have plenty of equity, so you should have financial security, right?

Not so fast. Private equity firms and other “property investors” have bought up homes in your neighborhood to flip them and/or rent them out, driving up house prices. Your county assessor raised their appraisal of your home, and now you can’t afford your new property tax bill. But have no fear, the millionaires and billionaires who caused this problem for you are also here to offer a solution.

Continue reading “Sale-leaseback: Corporations’ New Scheme To Steal American Homes” →