| 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 will need financing assistance for home repairs and to improve accessibility. The report’s recommendations for how to face these realities are relevant to all cities, as large private investment firms have become the country’s largest landlords of single-family homes in the past 10 years. |
