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The Guardian - US
The Guardian - US
World
Stephen Starr in Toledo, Ohio

How ‘neglectful or absentee’ investors fuel Toledo, Ohio’s post-pandemic housing crisis

Aerial view of skyline in Toledo, Ohio
During a visit to Toledo last month, JD Vance suggested the Trump administration would move to prevent large companies from buying up ‘American homes’. Photograph: Visions of America, LLC/Alamy

Berkshire Place in north-west Toledo is an unremarkable street of potholes and unembellished single-family homes in a working-class Ohio neighborhood like thousands of others across the US’s industrial heartland.

Last July, a three-bedroom, two bath house on the street with children’s toys and bikes strewn around its snow-covered yard was sold for the princely sum of $20,000 to an entity called J Kushner & Associates with an address in Bet Shemesh, Israel. It had recently been put up for rent for $1,600. That means the Israel-based owner or owners would, at that price, make a return on their initial investment in just a little over a year.

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