Progress Res has a parent company by the name of Pretium Partners.
Pretium was founded by its ceo, Don Mullen- former partner at Goldman Sachs. Mullen is responsible for the “Big Short” back in the early 2000s.
After the market crash, he left Goldman to buy up thousands of foreclosed homes. He teamed up with Carl Schade, they failed at first, receiving a $400M line of credit from Deutshe Bank (which received government support).
Progress Residential was born.
Mullen is a huge Clinton backer, he has financially backed them in every race.
So he created the housing market crash then weaseled up the foreclosed homes. Sounds like a quality guy.
Thanks for the rundown. Interesting. Most of the houses in my neighborhood here are rentals. When we first bought our home, it was young families. Now it's out-of-staters and other types who rent. Couple of hold-outs like myself, but the schools/parks/crime/etc have all been impacted. ugg.
We actually held a community cookout and had people sign there, as well as letters mailed. But yes, door to door would be better.
When that was going on, if I remember correctly, we needed like 67% of homeowners approval, and the rentals owned 33% of the houses. Whatever the numbers, we needed literally every home owner to sign on.
Ok I’m back.
Progress Res has a parent company by the name of Pretium Partners.
Pretium was founded by its ceo, Don Mullen- former partner at Goldman Sachs. Mullen is responsible for the “Big Short” back in the early 2000s.
After the market crash, he left Goldman to buy up thousands of foreclosed homes. He teamed up with Carl Schade, they failed at first, receiving a $400M line of credit from Deutshe Bank (which received government support).
Progress Residential was born.
Mullen is a huge Clinton backer, he has financially backed them in every race.
So he created the housing market crash then weaseled up the foreclosed homes. Sounds like a quality guy.
Thanks for the rundown. Interesting. Most of the houses in my neighborhood here are rentals. When we first bought our home, it was young families. Now it's out-of-staters and other types who rent. Couple of hold-outs like myself, but the schools/parks/crime/etc have all been impacted. ugg.
Same for us. It sucks.
I could smell a connection!
We already tried, we had to get a certain percentage of homeowners support and we couldn’t reach that number.
We actually held a community cookout and had people sign there, as well as letters mailed. But yes, door to door would be better.
When that was going on, if I remember correctly, we needed like 67% of homeowners approval, and the rentals owned 33% of the houses. Whatever the numbers, we needed literally every home owner to sign on.
?