http://fnx.org/kvcr_podcast_archive/1390894200.mp3
Riverside Democratic Member of Congress Mark Takano has released a report showing that corporate investors -- who are snapping up distressed housing in the IE -- are driving up the price of homes beyond what most middle-class families can afford. Takano's report also shows the diminishing supply of affordable homes is driving up rents as well. Takano wants a Congressional committee to look into the issue. KVCR's Matt Guilhem reports.