nbcnews – excerpt (includes video)

Rental prices are increasing by more than 30% in major cities across the U.S. with the national monthly average for a one-bedroom costing $1,701. NBC News’ Zinhle Essamuah reports on how private equity firms play a major role in fueling the rise in housing costs nationwide…(more)

The corporate buyout is old news to us, but, the national coverage makes it harder to hide the government’s role in creating the problem and avoiding any real fixes that might upset the corporate takeover of the housing market government claims to be fixing by building more housing. The game is complete when the financing comes from higher taxes.