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New York property speculators have figured out how to evict everyone

New York’s catastrophic homelessness is about to get much, much worse: the skyrocketing property values (driven by speculators who buy apartments in order to get their money out of corrupt and failing states abroad, leaving them empty with the understanding that they can be cashed out on short notice, thanks to the white-hot market of other money-launderers) have attracted very deep-pocketed, anonymous hedge-funds that are snapping up buildings with rent-stabilized and rent-controlled units, who use a ruthless set of highly refined tactics to kick out all their tenants and then flip the building.
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China's capital controls are working, and that's bursting the global real-estate bubble

More news on the Chinese crackdown on money-laundering and its impact on the global property bubble: the controls the Chinese government has put on “capital outflows” (taking money out of China) are actually working, and there’s been a mass exodus of Chinese property buyers from the market, with many abandoning six-figure down payments because they can’t smuggle enough money out of the country to make the installment payments.
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America's gargantuan new corporate landlords evict the shit out of Americans

The housing recovery has been famously uneven, in every way: for one thing, it’s allowed hedge-fund and publicly listed landlords to acquire a greater proportion of America’s housing stock than ever, even as mass foreclosures created a new class of desperate tenants who pay rent to these corporate giants, who charge higher rents than ever.
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