Wall Street is buying up family homes. The rent checks are too juicy to ignore(lite.cnn.com)
lite.cnn.com
Wall Street is buying up family homes. The rent checks are too juicy to ignore
http://lite.cnn.com/en/article/h_f613fef87adc1033f43b8d4145c11fcb
5 comments
As someone who doesn't want to deal with home ownership and invests excess capital into equities, what's wrong with more homes being available for rent?
Wall Street and the likes of these corporate mafia types should have been left to collapse in 2008, instead of being bailed out by taxpayers.
This should not be allowed to happen. Housing should not be corporate run. How can an individual compete with a corporation in the market?
Most of the laissez-faire fundamentalists I'm in contact with have been fairly silent on this issue. I'd honestly be interested to hear someone rationalize how it would be a good thing if everyone had to rent everything from BlackRock for the rest of their lives.
I'm certainly not going to argue that forcing everyone to rent would be good in any way. Sounds terrible.
I just want to point out: there is nothing about this article indicating forced rent is likely to happen anytime in our or our children's life time, if ever. This article is just scare mongering in the same vein as those death panels of Obama.
I just want to point out: there is nothing about this article indicating forced rent is likely to happen anytime in our or our children's life time, if ever. This article is just scare mongering in the same vein as those death panels of Obama.