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The top Senate Democrat on the congressional Joint Economic Committee launched a new probe Monday into investment firms that hold large stakes in mobile home parks.
Sen. Maggie Hassan of New Hampshire has asked six firms to produce internal documents and materials showing the impact their business practices have had on mobile home residents and the profits their investments have generated.
About 22 million people in the U.S. live in mobile home communities across the country, and in recent years, investment companies and private equity firms have bought up many of the parks.
The firms that received letters include some of the biggest...
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“Put simply, wealthy investors are squeezing every last cent from some of our most vulnerable and least-resourced communities in the name of profit.”
This concept is not new – Elizabth Warren did the exact same thing in 2019. What the facts will prove out is that private equity groups are the only reason that these properties still exist, as nobody has the capital to make necessary and expensive capital repairs (millions of dollars’ worth at some mobile home parks). Instead of giving private equity groups accolades for saving literally thousands of people from being homeless, leftist Democrats think there’s political capital in playing the “Free Rent Movement” schtick to their constituency from time to time. Since Republicans control Congress, this socialist nonsense won’t go anywhere. Fortunately, the end of healthcare subsidies will take the spotlight off “evil landlords” soon and refocus it on “evil health insurance providers”.

