"All these new apartment buildings, yet still so many people forced to sleep outside"Submitted by MrJasonMason t3_119yrhg in pics
Freethecrafts t1_j9qgppt wrote
Reply to comment by Early_Lab9079 in "All these new apartment buildings, yet still so many people forced to sleep outside" by MrJasonMason
It’s how mortgage investments work now. It’s fine until you look under the covers and realize the infinite liquidity of the Fed feeding into the system is what is facilitating keeping houses empty. Then the investment people write off asset depreciation and lost rent on their tax forms.
Early_Lab9079 t1_j9qi5kh wrote
You're not going to tell me there is a loop hole for the rich people right?!? That the system makes rich people richer and the poor poorer?? That can't be true.. Oh boy.. Someone should do something. But not me, I got...to return some videotapes.
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