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not fooled

(6,633 posts)

10. The karma will be

Reply to highplainsdem (Original post)

Sat Sep 30, 2017, 03:23 PM

Sep 2017

that as the frequency of catastrophic storms increases, these properties will be ravaged at closer and closer intervals.

Eventually the value will drop significantly. It's only a matter of time.

Once no banks will issue mortgages at reasonable rates, the properties will become essentially worthless.

However, in the short term I fully expect the vultures and privatizers to descend en masse.

And good for Bob Cesca in tracking their moves.

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Bob Cesca: I'll be tracking real estate purchases in Puerto Rico & USVI. Specifically by Trump [View all] highplainsdem Sep 2017 OP

Great idea! True Dough Sep 2017 #1

disaster capitalism lapfog_1 Sep 2017 #2

What about all the Big Money figures directing him? Maybe expand the watch a bit? Hortensis Sep 2017 #3

Might find a lot of LLCs fronting for Russian money... highplainsdem Sep 2017 #4

Oh, yes. Putin loves to poke us with sharp sticks, no fun if they weren't discovered. Hortensis Sep 2017 #5

I'm sure the Kochs, Waltons, and Mercers have their eyes on some nice beachfront property. Initech Sep 2017 #11

For real.... dawnie51 Sep 2017 #6

And if several thousand brown people die TexasBushwhacker Sep 2017 #7

KNR Lucinda Sep 2017 #8

I've thought this from the beginning Lazy Daisy Sep 2017 #9

The karma will be not fooled Sep 2017 #10

Wealthy people can afford houses built to withstand hurricane winds. My guess is banks won't be the politicaljunkie41910 Sep 2017 #12