Support for LAist comes from
We Explain L.A.
Stay Connected

Share This


Will Wall Street Buy Up Homes During Recession?

A large banner advertising open apartments hangs on the walls of a large multi unit apartment building in Koreatown. (Chava Sanchez/LAist)
LAist relies on your reader support.
Your tax-deductible gift today powers our reporters and keeps us independent. We rely on you, our reader, not paywalls to stay funded because we believe important news and information should be freely accessible to all.

As the coronavirus pandemic stretches on and the news about the economy gets bleaker, California elected officials are worried about the impacts on housing.

State, local and national politicans have said they don’t want real estate speculators and large corporate landlords to swoop in and drive down homeownership, in a repeat of the aftermath of the Great Recession.

Those "corporate landlords" have transormed the rental market in profound ways in recent years.


Support for LAist comes from

Our news is free on LAist. To make sure you get our coverage: Sign up for our daily coronavirus newsletter. To support our nonprofit public service journalism: Donate now.