I am sick of people smiling and saying, housing in my neighborhood are being bought up and the prices are coming back up. Then they say, big national investment corporations are swooping in and buying these homes up.
These pathetic souls are generally Obama drones and can’t put 2 and 2 together that these purchases are being done with mystical taxpayer debt. It is Obama and gang trying not to let the bottom fall out of the well bucket before Obama departs office. Can they fake it long enough to get the bucket to the top of the well?
I think the hedge fund that bought my daughter’s house last week is just trying to turn Baraqqi/Bernanke/Lew minibucks into hard assets.
Not a bad strategy in my view.