Tuesday, February 8, 2011

"Predatory equity"

When you want to fight a wrong, first name it. Thence comes a great new term, "predatory equity." The National Alliance of HUD Tenants explains it this way:
A disturbing trend we are seeing is that developers are buying up large amounts of affordable housing and then converting the properties to market for giant profits. This is part of a global phenomenon that we hope to begin to document...
The Community Service Society in New York City has a heftier primer here on learning and following this danger.

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