Corporate vs Residential Home Ownership
In a city where nearly 3/4 of the population are renters, property owners wield an immense amount of influence.
When one owner holds a lot of property, they can exercise a lot of power, dictating evictions, manipulating the market rates for apartments and more. As Paterson officials continue to sellout the city, LLCs are continuing to buy up the city. Follow the link below to see how corporate ownership compares to individual homeownership in the 5th ward.