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While browsing Real Estate news recently, this headline caught our eye: “JP Morgan Plans To Acquire $1 Billion In Single-Family Rentals”. For those who are not familiar with the firm, JP Morgan Chase is a multinational investment bank and financial services firm. It’s one of the oldest financial institutions in the USA and one of the biggest, managing north of $3 trillion. What on earth is an investment bank doing buying houses to manage them and rent them out? Why don’t they just give mortgages to people to buy houses?
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