Blackrock buying up a shitload of new homes in the US

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[–]crackerjack 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (3 children)

The problem is that the real estate prices dropped

my friend, this mass acquisition has nothing to do with whether or not these acquired properties can be be sold at a profit or not..

this mass acquisition has more to do with evicting people from their homes in exchange for some worthless paper..

this global power shift is something that would have made adolf hitler blink.

[–]Jesus 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

But muh capitalism.

[–]crackerjack 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (1 child)

dont you think that considering how our current administration is literally giving shittons of money away to people around the world and domestically, dont you think that this system is gonna implode?

btw, if you have never heard of the bernie madoff ponzi scheme, i would suggest that you read about it... hey, here is a hint for you... bernie wasnt the only one that operates a ponzi scheme... there are others... and when they blow up... ka fkng boom goes the stock market.. it is gonna crash..

hint: insurance companies are busting at the seams, they are just buying time right now..

[–]Jesus 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Yeah, if they mortgage it to Us citizens at interest.