In California’s foreclosure valley, rents soar thanks to hedge fund landlords
California's Inland Empire was hit hard by the 2008 crisis, with disproportionate foreclosures on poor and working-class families, leaving neighborhoods blighted by empty, vandalized homes. But then a funny thing happened: the rents in these blighted neighborhoods started going up and up and up, so that now 63% of tenants are paying 30% or more…