This Is Critical

Home-Buying Needs a Gut Renovation

Episode Summary

Homeownership has been synonymous with the American Dream since the New Deal. But after the 2008 financial crisis, millions of low-cost "starter houses" were bought for a song by private equity giants who use them as financial instruments rather than places to live. So what's a homebuyer to do? Journalist Aaron Glantz, author of Homewreckers, joins Virginia to analyze whether there's still hope for ordinary homebuyers.

Episode Notes

Homeownership has been synonymous with the American Dream since the New Deal. But after the 2008 financial crisis, millions of low-cost "starter houses" were bought for a song by private equity giants who use them as financial instruments rather than places to live. So what's a homebuyer to do? Journalist Aaron Glantz, author of Homewreckers, joins Virginia to analyze whether there's still hope for ordinary homebuyers.