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Radio Extra: When Wall Street Buys Homes, What Happens to the Neighborhood?

By  Jon Hansen and Casey Cora | November 17, 2014 1:29pm 

 Invitation Homes, a subsidiary of The Blackstone Group, has bought more than 1,300 homes in Cook County, including this brick home in Belmont Cragin, which rents for $1,995 per month.
Invitation Homes, a subsidiary of The Blackstone Group, has bought more than 1,300 homes in Cook County, including this brick home in Belmont Cragin, which rents for $1,995 per month.
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DNAinfo/Casey Cora

GARFIELD RIDGE — Following the "Great Recession," a private equity firm spent an estimated $8 billion buying up roughly 44,000 homes at rock-bottom prices nationwide. 

According to DePaul's Institute for Housing Studies, The Blackstone Group has bought 1,300 in Cook County.

On today's DNAinfo Radio Extra, Casey Cora discusses some of the pros and cons when Wall Street becomes one of Chicago's largest landlords:

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