Palm Springs, Calif., has been a redoubt for snowbirds and show business royalty at least since the 1930s.
One time Housing Skeptic Comes Full Circle with $1 Billion Bet on Rentals
October 12, 2016
Donald Mullen Jr., who helped Goldman Sachs Group make a killing a decade ago by betting that the housing market would collapse, is going long on the sector’s recovery. The Wall Street Journal writes about Mullen’s plan to raise $1 billion to buy single-family homes for renting out to tenants through Premium Partners LLC, a real-estate investment firm that he co-founded.
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