Can Large Investors Shore Up the Chicagoland Housing Market? – WP Guest Article

February 14, 2014 By:  Nancy R. Mathieson In December, the Chicago Tribune ran a feature article about large companies buying thousands of local single-family homes to rehab for renters.  “Wall Street Moving in on American Dream” reported on large-scale investors becoming landlords for thousands of local families who can’t come up with the deposits or credit ratings needed to buy their own homes. Cook and Will Counties are popular destinations for these investors.  During the first six months of 2013, eight companies bought a total of 863 homes in suburban Cook County. In Will County, these same companies bought 480

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