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    - Real Estate REgurgitations

    Started by RE Mar 17, 2024, 09:37 PM

    Message path : / Society / The American economy / Real Estate REgurgitations #21


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    RE

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    Mar 17, 2024, 09:37 PM
    Quote from: TDoS on Mar 17, 2024, 06:43 PMI wonder when prices might crash to levels making that game available again.

    Not a new idea.



    Everyone who dreams of unearned wealth looks to profit off the misery or others.  When farms were being foreclosed on in the Great Depression and homeless Okies were starving on the road to picking the Grapes of Wrath in California Vineyards, there were investors in NY picking up the farms for back taxes and turning the ag industry into conglomerates like Nestle , ConAgra and Monsanto.  In 2008, Blackrock bought thousand of foreclosed McMansions and turned them into rental units.



    To paraphrase PT Barnum. "There are scumbags born in every generation".

    RE

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