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Otto_Harper

(711 posts)
Tue Nov 19, 2024, 04:20 PM Tuesday

My theory of one of the unspoken goals for this administration

I will be the first to admit that I know nothing, have no background in anything and am completely uninformed on most things.

In thinking about what may well happen once the new administration begins attacking elderly and working class folks, it occurred that there would be a whole bunch of houses defaulting, just like back in 2008. I remember that the finace system created its own work-arounds to the long established property and deed recording systems in place everywhere. And started foreclosing on everyone everywhere, including houses they didn't have any connection to. Remember the "Robo-Signing" incidents?

Currently, private equity companies are buying up the entire housing stock of the US. It is anticipated that under CURRENT conditions they will own 40% of all houses and housing by 2030. Imagine how much faster they could go if tons of elderly and working class homeowners can no longer afford to remain in their homes

Anyhow, that's just a thought.

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My theory of one of the unspoken goals for this administration (Original Post) Otto_Harper Tuesday OP
I think this is a given. Irish_Dem Tuesday #1
"Proles must secure their own rations." - G.O.P. Billionaire Bros, Inc. BoRaGard Tuesday #2

Irish_Dem

(57,581 posts)
1. I think this is a given.
Tue Nov 19, 2024, 04:24 PM
Tuesday

The entire US will be like a garage sale for the billionaires.
They can grab up everything ten cents on the dollar.

Including housing.

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