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Apartment shortage is forcing up rents

Investors who bought rental properties find they can now raise rents.

Not a sign of the times, in Centreville, Virginia. 
Not a sign of the times, in Centreville, Virginia. 
(Paul J. Richards/AFP/Getty Images)

Freddie Mac reports there’s a shortage of rental housing, giving a boost to big investors who bought thousands of foreclosed houses on a bet they’d be able to jack up rents.

Well, now they can.

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