Comment on ​Rents on securitized homes outpacing apartments in Dallas

​Rents on securitized homes outpacing apartments in Dallas

Rents due on certain Dallas single-family homes, which are packaged into elaborate securities by speculators and sold to investors, are outpacing what’s charged on apartments in the area. The collapse of the housing market and ensuing wave of foreclosures gave rise to a new kind of Wall Street product that allows firms to buy up hundreds of houses and securitize the rent, sending the monthly payments to investors in the bonds. The first deal was done about two years ago and has led to questions…

 

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