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Government Set to Sell Foreclosures in Bulk
Posted on 01/09/2012 2:35:29 PM PST by HereInTheHeartland
This seems like a really bad idea to me. Talk about crony capitalism. Individual buyers will be shut out from buting these properties.
TOPICS: Business/Economy; News/Current Events
KEYWORDS: babyboomers; croaking4decades; default; economy; fanniemae; forclosure; freddiemac; markets
My father mentioned to me that this was done several decades ago as well. If you could afford ten or more at a pop, you were in the money, eventually.
posted on 01/09/2012 2:39:15 PM PST
by cuban leaf
(Were doomed! Details at eleven.)
Only the rich and connected deserve to make money. Everyone else should get back in their place and serve.
posted on 01/09/2012 2:40:01 PM PST
(Brutal acts of commission and yawning acts of omission both strengthen the hand of the devil.)
They’ll be bought by corporate groups of local government employees and pensioners inclined toward keeping price listings (and property taxes) high in order to keep their relatives in government jobs and themselves receiving incomes from government.
posted on 01/09/2012 2:46:47 PM PST
(We Baby Boomers are croaking in an avalanche of rotten politics smelled around the planet.)
The way those rich folks got rich was to form groups and get other people to invest in their ideas. Yes, there is certainly some cronyism going on but there’s nothing stopping any group of people from getting together and buying up these foreclosure pools. That’s entrepreneurial spirit.
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posted on 01/09/2012 2:58:28 PM PST
by DJ MacWoW
(America! The wolves are here! What will you do?)
But that is the best way for little people to fight this.
Form a corporation and buy your way in.
posted on 01/09/2012 3:43:58 PM PST
(What Islam and secularism have in common is that they are both death cults.)
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