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TFMMT Overview and Applications by Ricardo Cunha Lima is a document available to read on EtoBox.

What is TFMMT Overview and Applications about?

The document discusses predatory equity, where speculators overpay for buildings covered by affordable housing programs in order to profit by pushing out rent-regulated tenants and raising rents. Speculators often have to borrow money for these purchases, putting the buildings deeply into debt. If the speculators cannot pay the mortgages, the buildings go into foreclosure, displacing tenants and reducing the stock of affordable housing.

Author

Ricardo Cunha Lima

Language

EN