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1 funky chicken  Sat, Jun 1, 2013 3:14:11pm

They figured out it’s cheaper to do this than to adjust the amount of principle on underwater mortgages? Or they think the rental market is going to boom? Why else would these corporations buy up a lot of overpriced real estate?

2 FemNaziBitch  Sat, Jun 1, 2013 3:15:40pm

re: #1 funky chicken

They figured out it’s cheaper to do this than to adjust the amount of principle on underwater mortgages? Or they think the rental market is going to boom? Why else would these corporations buy up a lot of overpriced real estate?

I think they are the same ones getting all the government breaks right now. I haven’t done a study yet. It’s all rather ominous.

3 Eclectic Cyborg  Sat, Jun 1, 2013 3:30:05pm

Am I crazy or does this have the makings of another housing bubble?

4 sauceruney  Sat, Jun 1, 2013 4:06:31pm

Someone must figure it’s more lucrative to leave lower classes no other choice but to rent, than to actually own their homes. If this creates a new class of homeless people, they don’t really care.

Owning this much property also gives them more eminent-domain leverage to force out those who still own their homes in the areas.

5 FemNaziBitch  Sat, Jun 1, 2013 4:22:57pm

re: #3 Eclectic Cyborg

Am I crazy or does this have the makings of another housing bubble?

I don’t know. My first thought was that this buy-up was part of the deal they cut with the government to get the breaks they got. We shall see.

6 Dark_Falcon  Sun, Jun 2, 2013 5:21:43am

re: #2 FemNaziBitch

I think they are the same ones getting all the government breaks right now. I haven’t done a study yet. It’s all rather ominous.

Why so? It takes house off the market, and by renting them out opens up places to live for those who really shouldn’t be buying.

The piece really bothered me in that last regard: First time home ownership is way down because a lot of the people who bought homes should not have bought them. Credit standards and loan approvals were too easy pre-2008, and we should not wish to return to those lax standards.

7 FemNaziBitch  Sun, Jun 2, 2013 7:18:56am

re: #6 Dark_Falcon

Why so? It takes house off the market, and by renting them out opens up places to live for those who really shouldn’t be buying.

The piece really bothered me in that last regard: First time home ownership is way down because a lot of the people who bought homes should not have bought them. Credit standards and loan approvals were too easy pre-2008, and we should not wish to return to those lax standards.

because a corporation(s) in collusion with the government will be in charge of who gets the housing, and by what terms. It’s a lot of power in the hands of few.


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