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Dearth of rental homes a boon for big landlords

Americans renting more than buying, construction can't catch up with demand
Monday, December 22, 2014 - 05:50
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The shortage of rental homes is giving the upper hand to institutional investors who have spent more than US$25 billion since 2012 buying single-family homes to let out.

Los Angeles

CORPORATE landlords are benefiting from the worst US rental-housing shortage in more than a decade as construction lags behind demand and more Americans opt to lease rather than buy.

There's an undersupply of single-family houses and apartments to rent for the first