They are deep in the Biden administration. The reason for buying the homes is that, in a depression, debts get cut in half. The more hard assets Yiu have, the richer you’ll become on the way out of the depression.
They’ve been buying farm land and apartments/hotels for decades. This is just an extension of that. It’s just a lot more in your face.
How do debts get cut in half?
That did not happen for my grandmother. When her bank closed her money in the bank was just gone. However, her loan was sold to another bank and she still owed the full amount.