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Investors bought 27% of US homes in Q1, as traditional buyers struggle to afford (abcnews.go.com)

submitted 2 weeks ago by rssbot@lemmy.bestiver.se to c/hackernews@lemmy.bestiver.se

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[–] lemmyseizethemeans@lemmygrad.ml 6 points 2 weeks ago

I wish they would start clarifying exactly what they mean by 'investors'

Check out Blackstone. These are massive investment funds made up of private equity and invented money lent on the assumption of X returns over Y years. It's a gigantic Ponzi scheme made of debt that can't ever be repaid.

Socialism or barbarism, folks.