INVESTORS ARE BUYING MOST OF NEW YORK CITY’S AFFORDABLE HOUSING AND FLIPPING IT FOR PROFIT
A new report by the Center for NYC Neighborhoods found that investors who buy and flip homes accounted for 62 percent of affordable home purchases in New York City in 2017. It also found that millennial homebuyers are shut out of the housing market and that three-quarters of the city’s senior low- and moderate-income homeowners […]
