America needs more housing inventory. We ALSO need to stop private equity firms buying up homes

[A HERETIC I AM]

3. Think of a Hedge Fund as a Mutual Fund for "Qualified Investors"

Which is pretty much what they are. You have to demonstrate a specific net worth and/or an annual income above a certain threshold to become a client of a Hedge Fund.

Private Equity firms are just what they sound like. Private = not public and equity = money. The same types of people might use either or both (really rich fucks!) but they do tend to invest in ways that are unique to their business model.

But the vid is making a valid point and it is a really bad direction for housing to go in this country. I fear the top 1% and the CEO's of the Fortune 500 really do want to take us back to the early part of the last century, before there were any of those pesky labor laws and 8 hour day rules and all that.

They want to go back to the days when the American worker was chronically underpaid and desperate, full stop. Do away with all the social safety nets, do away with or privatize Social Security, do away with labor unions, etc. Keep women in the kitchen and pregnant to raise more desperate workers.

And worst of all, Trumpy has said he wants to give the police free rein by doing away with the ability to sue officers for wrongdoing, so any riots because of the bullshit conditions we are headed for, the police would be able to fire live rounds into crowds with no consequences. That might sound extreme, but that's what it looks like to me.

I don't think too many Americans realize that in the days before Social Security came along, the leading cause of death for an elderly person living in the northern cities was hypothermia.

There were no pensions, no 401(k)'s, no safety net at all, so when a factory worker in Chicago or Cleveland or wherever that was paid shit wages all their lives now find they couldn't work anymore and was fired, if they didn't have a family to go live with they often didn't survive more than one or two winters simply because they couldn't afford to heat their apartment or tenement. And the owners of the companies they worked for fought tooth and nail AGAINST the implementation of SS!

THAT is what their dream of American Capitalism is. I'm convinced they want to go back to that.