Reply #39

In the discussion thread: "The top 1% is buying up all the real estate.” [View all]

Response to Fire Walk With Me (Original post)

Mon Apr 16, 2012, 03:41 PM

caseymoz (5,320 posts)

39. Not surprised.

I thought when this housing crisis hit the extremely rich would end up, literally, owning the whole country.

And when were all paying rent directly to them, along with interest on everything else, the sucking, black hole of the "free" market will then be in its last, disastrous phase.

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49 replies	Author	Time	Post
"The top 1% is buying up all the real estate.” [View all]	Fire Walk With Me	Apr 2012	OP
Where?	mmonk	Apr 2012	#1
Really!	tk2kewl	Apr 2012	#3
That's not cheap enough for the rich.	laundry_queen	Apr 2012	#29
LA Times? Probably in Los Angeles county.	Cleita	Apr 2012	#7
Phoenix is one area where this is happening	Mosby	Apr 2012	#20
This is in Southern California	pinboy3niner	Apr 2012	#28
Disaster Capitalists?	Junkdrawer	Apr 2012	#2
This will lead to a new type of slum...suburban homes run down by landlord neglect...	rfranklin	Apr 2012	#4
Video: Tenants Claim Fannie Mae Properties Run Like Slums	Fire Walk With Me	Apr 2012	#17
+1 good point there	flamingdem	Apr 2012	#38
Might have been part of the plan all along	liberal N proud	Apr 2012	#5
monetization is king	grasswire	Apr 2012	#6
SMH	Mr Dixon	Apr 2012	#11
I have read similar musings here for years now and tend to agree.	Poll_Blind	Apr 2012	#16
I wrote this in 2007	SoCalDem	Apr 2012	#34
You nailed it	flamingdem	Apr 2012	#40
It's GWB's 'ownership society' (ownership for the 1%)	pinboy3niner	Apr 2012	#41
Amen..	SoCalDem	Apr 2012	#42
I started a thread on this a few months back.	laundry_queen	Apr 2012	#31
I read another article recently...	Wind Dancer	Apr 2012	#8
Now the reason behind the crash is apparent.	arikara	Apr 2012	#9
Turning Foreclosed Homes Into Rentals Could Be $100 Billion Industry This Year	Fire Walk With Me	Apr 2012	#15
You know what would stop this?	Cleita	Apr 2012	#10
Next stop...	Gidney N Cloyd	Apr 2012	#12
With medical marijuana instead of cheap booze....	Junkdrawer	Apr 2012	#14
I was just thinking of George Baily	cojoel	Apr 2012	#21
IMO	Mr Dixon	Apr 2012	#13
The next Hustle	Mr Dixon	Apr 2012	#18
How does Prop. 13 factor into this?	KansDem	Apr 2012	#19
It depends on who holds the foreclosure.	xxqqqzme	Apr 2012	#23
This is actually not the worst news in the world	WinniSkipper	Apr 2012	#22
Yep. And there was a WSJ article some years back that told the 1% to go into survivalist mode.	freshwest	Apr 2012	#24
Du rec. Nt	xchrom	Apr 2012	#25
The same thing happened in the 1930's. nt	ladjf	Apr 2012	#26
Fire Walk With Me... about your name.	Whisp	Apr 2012	#27
Next thing you know...	Speck Tater	Apr 2012	#30
K&R. nt	OnyxCollie	Apr 2012	#32
Duh. :-/ - K&R n/t	DeSwiss	Apr 2012	#33
It's absolutely with out a doubt true!	Harriety	Apr 2012	#35
A lot of great upstanding people have bad credit and need to rent	DaveJ	Apr 2012	#36
The vultures are circling.	penndragon69	Apr 2012	#37
Not surprised.	caseymoz	Apr 2012	#39
What bothers me the most...	CoffeeCat	Apr 2012	#45
It's an old game.	bemildred	Apr 2012	#43
Nice to see ya back FWWM	Joe Shlabotnik	Apr 2012	#44
Buying on the cheap so when the dollar dies	lovuian	Apr 2012	#46
Crop land is being bought up as well.	Boudica the Lyoness	Apr 2012	#47
I know people in Asia buying whole blocks of homes in NY State.	Prometheus Bound	Apr 2012	#48
One kick for this imperative story.	Fire Walk With Me	Apr 2012	#49

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