You are here

US landlords help tenants buy their properties

Renters are managing soaring rents by opting to buy the homes they stay in, with help from large rental firms such as Blackstone and American Homes 4 Rent

BT_20160707_BLACKSTONE_2373055.jpg
Blackstone Group's Invitation Homes is the first of large rental firms to give residents a shot at owning their homes, benefiting from having its own pool of ready buyers who are constrained by a market starved for affordable homes.

Washington

MELISSA Suniga and her mother had been renting a three-bedroom Phoenix house for less than a year when their landlord, Blackstone Group's Invitation Homes, gave them the chance to buy it.

Ms Suniga, a 40-year-old childcare worker, used her security deposit and US$2,000