Is Bedford Falls metastasizing into Pottersville? A new report has ignited consternation on the web that America’s neighborhoods are becoming absorbed by Wall Street hedge funds and that renters’ landlords will soon turn out to be the iconic Lionel Barrymore character from It’s A Wonderful Life. But will the home around the corner with a white picket fence and a dog named Skip be scooped up by powerful and lucrative investment firms? The Twitterverse is losing its collective digital shirts on reports that BlackRock and its industry rivals are “killing the dream” of homeownership as they acquire the Elm Streets and the Evergreen Terraces of the United States. But is this unjustified hysteria? Or is the American Dream dying a slow death? It is a case of free-market economics and cronyism.
Beware: Pension Fund Lives Here
The Wall Street Journal published a viral article titled “If You Sel...
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