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Hedge Fund Buys Up Ohio Town, Shorts Tax Base

Hedge Fund's Bet Is Destroying This Small Town
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FILE - In this Feb. 28, 2012, file photo a yard sign reading "For Rent" is seen in Fremont, Neb. A federal appeals panel on Friday, June 28, 2013, said the city's ordinance that bans employing or renting property to people who are not in the U.S. legally is valid, opening the door for Freemont to begin enforcing its law.(AP Photo/Nati Harnik, File)
FILE - In this Feb. 28, 2012, file photo a yard sign reading "For Rent" is seen in Fremont, Neb. A federal appeals panel on Friday, June 28, 2013, said the city's ordinance that bans employing or renting property to people who are not in the U.S. legally is valid, opening the door for Freemont to begin enforcing its law.(AP Photo/Nati Harnik, File)

Thousands of brick houses line the streets of Huber Heights, a leafy suburb of Dayton, Ohio, named for the builder who developed it in the 1950s and nurtured its growth.

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