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Wall Street Emerges as GOP’s New Villain Amid House Price Pinch

July 30, 2021, 2:02 PM

Conservatives looking for a fresh populist message to carry into 2022 are taking on Wall Street firms for buying up single family homes as rentals, attacking the growing practice as hurting the middle class.

Blackstone Group Inc., KKR & Co. and other private-equity firms are increasingly making new investments in single-family homes to rent out, betting that the hot housing market will generate solid returns as the U.S. emerges from the coronavirus pandemic.

But the trend, which comes as a shortage of homes for sale is driving up prices, is making the firms attractive targets for politicians who want ...

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