Corporate Landlords in Milwaukee
Citywide, fourteen percent (14%) of all houses suffered at least one foreclosure from 2007 to 2016. Prices collapsed, and homeownership continued to decline until 2018, creating profuse opportunities for investors. In the late 2010s, a new breed of private equity backed corporate landlord entered the city, applying a business model first pioneered in the sunbelt to the postindustrial rustbelt. At the same time, homeownership began a nascent recovery. This talk will describe the changing nature of property investment in Milwaukee and the implications for would-be homeowners.