It's hard for me to rag on the opportunists when the opportunity is there. PE firms don't magically make something profitable - they're just scooping up underpriced/undervalued assets and extracting the value off of them.
That said, the extent that PE firms are willing to scrape the bottom of the barrel for things to make a buck off of is becoming shameless. My dad ran a mobile home park for a while, and let me tell you - the idea that it's some sort of sustainable investment vehicle even at maximum extraction is ludicrous.
It's just further evidence that the markets are flush with more capital than they know what to do with. We have a massive savings glut due in no small part to inequality and our aging population. And failure to deal with it at a policy level will just continue to grow the affordability crisis.
That said, the extent that PE firms are willing to scrape the bottom of the barrel for things to make a buck off of is becoming shameless. My dad ran a mobile home park for a while, and let me tell you - the idea that it's some sort of sustainable investment vehicle even at maximum extraction is ludicrous.
It's just further evidence that the markets are flush with more capital than they know what to do with. We have a massive savings glut due in no small part to inequality and our aging population. And failure to deal with it at a policy level will just continue to grow the affordability crisis.