A National Trend Comes To Fishers, Indiana: Big Companies Buying Up Single-Family Homes

Fishers, Indiana – named by Money Magazine as one of the best places to live – is part of a national trend: real estate investment groups buying up houses and renting them out, in some cases to families who had dreamed of owning their own homes. NBC News’ Antonia Hylton meets the Collier family, who rented a home nearby while trying to save up for their own. “It’s becoming more and more challenging to even get out of the renting game,” John Collier says. The mayor says that it’s “very, very difficult” to communicate with these companies that are buying up hundreds of houses in his community. In a statement, the National Rental Home Council says that its “member companies own just a fraction of the homes throughout the state of Indiana.” Proponents say these rental companies are creating opportunities for families to live in homes they might not otherwise be able to afford to buy, including traditional houses with yards.

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