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global1

(26,507 posts)

1. It's Almost Like They Planned This.......

Reply to Chrom (Original post)

Tue Nov 26, 2013, 01:58 PM

Nov 2013

I have to believe that the banks had developed an exit strategy in case the housing bubble blew up. What to do? How can we make lemonade out of a lemon of a housing bubble burst?

Hmmmmm.......

Let's sell the properties to a third party to cash in and then the third party can rent the homes back to the people who were foreclosed on because they're going to need someplace to live.

Everybody wins - right?

Except the people that were foreclosed upon in the first place - they're the ones we continue to further take advantage of.

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Highlight:

Same Banks that caused foreclosure crisis profiting by buying foreclosed homes to rent back to us [View all] Chrom Nov 2013 OP

It's Almost Like They Planned This....... global1 Nov 2013 #1

The Wall Street way... countryjake Nov 2013 #2

re: "shocking local markets and driving prices up..." cthulu2016 Nov 2013 #3

they are buying all the houses on the cheap, pricing families out of the market by using cash Chrom Dec 2013 #4