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There are investment groups like http://www.ohiocashflow.com http://www.ohiocashflow.com that go into the rust belt and buy up homes in the poor neighborhoods,
by gogopuppygogo 10y ago
There are investment groups like http://www.ohiocashflow.com http://www.ohiocashflow.com that go into the rust belt and buy up homes in the poor neighborhoods, return them to being inhatible and then sell them off as turn key rental properties.
With the way automation is taking jobs I wouldn't be surprised if these kinds of low income housing investments turn out to be solid cashflow producing investments.
- shostack 10y agoIf the people renting these are increasingly likely to be automated out of a job why do you think this would be anything but a very risky investment?
- godzillabrennus 10y agoWelfare systems will keep them in a home.
- gohrt 10y agowhy didn't welfare systems keep them in a home last time?
- jonwachob91 10y agoThey never said anything about their target audience being homeless. The target audience is low income.
- emodendroket 10y agoOne look around you would probably convince you that this is not necessarily the case.