Great news, everybody: After deliberately failing to help millions of American families stuck in vulture mortgages, the U.S. government is now giving those foreclosed homes to Wall Street forpennies on the dollarso that Wall Street can then rent the now-vacant foreclosures back to the same people pushed out during the Wall Street-caused housing bubble collapse. Wall Street stands to make an immense profit by becoming, overnight, the "largest improved real-estate owners in the world." Who says capitalism doesn't work, with a little help from the government by taking away the property of the working class and
Everybody loves a bargain! For a peon like me, though, it means clipping coupons for hobo beans. Basically the same thing as getting a shit ton of real estate for pennies on the dollar and charging debilitating rent on it to turn an oh-so-glorious profit. Wait, I feel like there's a flaw in my logic, I just can't put my finger on it.
Everybody loves a bargain! For a peon like me, though, it means clipping coupons for hobo beans. Basically the same thing as getting a shit ton of real estate for pennies on the dollar and charging debilitating rent on it to turn an oh-so-glorious profit. Wait, I feel like there's a flaw in my logic, I just can't put my finger on it.
I do believe we're now getting fisted by the Invisible Hand. Without lube.
Your kids can work in their factories. I'm guessing the pay will just about cover the rent, and a carton of hobo beans at the company store.