Quote:
Originally Posted by Brujah
The largest transfer of wealth from the public to private sector is about to begin.
http://www.thestreet.com/story/11224...t-for-you.html
These homes, which are now the property of the U.S. government, the U.S. taxpayer, U.S. citizens collectively, are going to be sold to private investor conglomerates at extraordinarily large discounts to real value.
You and I will not be allowed to participate. |
As much as i hate the govt & wall street, this editorial stinks. First off, what is "real value"? Like when an average home tripled in price over 10 years? Second, these bulk sales involve homes likely robbed of valuables like copper wiring & fixtures, AKA unliveable homes. Last, getting tens of thousands of troubled homes off the books by selling them one by one would take eternity. Bulk sales is the only option. Who other then the rich can buy R/E in bulk. Dumb fear mongering editorial.