FROM Sharon Kinlaw
Is the US Becoming a 'Rentership' Society? Hundreds of thousands of foreclosed homes look like a good investment — not for re-sale, but for rentals on a massive scale. In Riverside, California, an area hard hit by the housing crisis, one company is buying up five to seven foreclosed homes every day. Will George W. Bush's "ownership society" morph into a "rentership society?"
Is a 'Rentership Society' the Next Phase in the Housing Crisis? Major investors with lots of cash are scooping up foreclosed homes and converting them into rental properties. In Riverside, California — an area hard hit by the housing crisis — one company is buying up five to seven foreclosed homes every day. Warren Buffett says rentals are much more profitable than stocks, and he'd like to buy up "a couple hundred thousand homes." Prices are way down, mortgage credit is hard to get and the time is right to out-bid individual families. Will traditional, first-time home-buyers have a chance against private equity funds? Will home ownership be possible for fewer and fewer Americans? This story was informed in part from sources in the Public Insight Network. To find out more, see our website, http://www.kcrw.com/insight .
What is Trump's plan for Middle East peace? On his first foreign tour, President Trump has promised "peace" between Israel and the Palestinians. Are there any details for re-starting talks that have been stalled for the past three years?
Replacing Obamacare: Now you see it… now you don’t As the Senate deliberates replacing Obmacare, health coverage for millions of people is at stake. There've been no public hearings, and a draft measure won't be made public. Is the House version so unpopular that that Senate is hiding a version that looks much the same?
Who's to blame for the opioid crisis? Some of the lawyers who took on Big Tobacco are now going after Big Pharma. It’s all about the deadly epidemic of opioid use. Are the drug companies to blame? What about the users? Later, on today’s Talking Point: making sense of Britain’s upset election.