Private equity firms’ entrance into the housing market in the wake of the 2008 housing crisis helped restabilize America’s economy, but have they done a better job than banks at keeping struggling homeowners from foreclosure? Investigative journalists Matthew Goldstein, Rachel Abrams and Ben Protess examine private equity firms’ effect on homeowners and renters. In the process, the authors reveal the ways the firms have, in many ways, “repeated the mistakes” of the banks they supplanted. getAbstract recommends this article to policy makers, homeowners and economists.
In this summary, you will learn
- How private equity firms benefited from investing in housing after the recession, and
- How their investments affected the US economy, home owners and renters.
About the Authors
Matthew Goldstein is assistant business editor for the Dealbook financial news service at The New York Times, where Rachel Abrams and Ben Protess are investigative reporters.