Inland Empire Congressman Warns of Rising Cost of Local Housing

Published On : 1/28/2014 7:30 AM
By : Matt Guilhem
From : KVCR
Categories : Business, Politics, Local

Riverside Democratic Member of Congress Mark Takano has released a report showing that corporate investors -- who are snapping up distressed housing in the IE -- are driving up the price of homes beyond what most middle-class families can afford.  Takano's report also shows the diminishing supply of affordable homes is driving up rents as well.  Takano wants a Congressional committee to look into the issue.  KVCR's Matt Guilhem reports.

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