U of M study finds large investors evict renters at higher rate
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There have been more than 23,000 evictions in Minnesota this year, according to the Eviction Lab at Princeton University. That’s 40 percent higher than the average before 2020. And a new study by Minnesota researchers finds eviction rates for single family homes are higher for properties owned by large investors, especially private equity firms. And it finds rentals owned by private equity are concentrated in lower income neighborhoods.
Anthony Damiano is a research associate at the University of Minnesota’s Center for Urban and Regional Affairs and one of the authors of the study. He joined Minnesota Now to break down the study results.
Use the audio player above to listen to the full conversation.
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