Hedge Funds Are Making the Affordable Housing Crunch Worse
Wisconsin isn’t the only place dealing with a shortage of affordable homes—and it’s also not the only place trying to confront one of the causes: hedge funds purchasing properties and converting them to rentals. It reduces the number of single-family homes available in an area, driving up prices for what remains.
We interviewed state Sen. Sarah Keyeski on our radio show about her bill, similar to proposals elsewhere, that seeks to limit the degree to which Wall Street can be a landlord in Wisconsin. She argues the move is a healthy one to protect local capitalism from the excesses of hedge fund activity often criticized as “vulture capitalism.”