Despite the falling housing market elsewhere, predatory investors are continuing to snap up "undervalued" (read "affordable") buildings. To get the returns for their investors that they promise, these companies must get rid of hundreds of tenants in each affordable development and replace them with market-rate tenants at 3 or 4 times the rent.
Click here for the January 29, 2008 map and list of the developments that have succumbed to predatory equity. It was prepared by Dan DeSloover of the Urban Homesteading Assistance Board.
