Tag: RBC Capital Markets

Firms now control a significant portion of the rental market in the United States and Canada, raising rents in the service of turning profits. They also continue to receive tax breaks and subsidies. When the US federal government forecloses on homes due to residents’ inability to pay their mortgage, for instance, the homes are then resold to investment firms at big discounts. The corporate landlords then either resell or rent those homes. “With help from the federal government, institutional investors…