Morgan Stanley Plan for Bulk Buying of U.S. Homes

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Aug. 18 (Bloomberg) -- Oliver Chang, head of U.S. housing strategy at Morgan Stanley's research division, talks about U.S. existing home sales data for July and Morgan Stanley's proposal to encourage investors to buy foreclosed or distressed homes in an effort to shrink the U.S. housing surplus, stabilize property prices and provide affordable rentals. Chang speaks on Bloomberg Television's "InBusiness With Margaret Brennan." (Source: Bloomberg)


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