Why does Wall Street want to buy your house?

[GC7]

Article is not from our area, but our area has the same problem.

Las Vegas Realtor Noah Herrera is noticing a few eerie similarities between the housing market before the 2008-09 economic crisis and the current scene.

Before, it was Wall Street packaging risky subprime mortgages into mortgage-backed securities. Now it’s Wall Street buying as many entry-level homes they can get their hands on, renting them out in alleged predatory fashion and packaging them as rental-backed securities.

https://www.reviewjournal.com/business/housing/why-does-wall-street-want-to-buy-your-house-2911641/
These bankers deserve to eat ****.

 

[Bocephus123]

Article is not from our area, but our area has the same problem.

Las Vegas Realtor Noah Herrera is noticing a few eerie similarities between the housing market before the 2008-09 economic crisis and the current scene.

Before, it was Wall Street packaging risky subprime mortgages into mortgage-backed securities. Now it’s Wall Street buying as many entry-level homes they can get their hands on, renting them out in alleged predatory fashion and packaging them as rental-backed securities.

https://www.reviewjournal.com/business/housing/why-does-wall-street-want-to-buy-your-house-2911641/
These bankers deserve to eat ****.

F em

 

[TinkerTanker]

Article is not from our area, but our area has the same problem.

Las Vegas Realtor Noah Herrera is noticing a few eerie similarities between the housing market before the 2008-09 economic crisis and the current scene.

Before, it was Wall Street packaging risky subprime mortgages into mortgage-backed securities. Now it’s Wall Street buying as many entry-level homes they can get their hands on, renting them out in alleged predatory fashion and packaging them as rental-backed securities.

https://www.reviewjournal.com/business/housing/why-does-wall-street-want-to-buy-your-house-2911641/
These bankers deserve to eat ****.

I'd like to see how they're "renting them out in alleged predatory fashion" since the market and politicians set the rate on rent prices.

 

[GC7]

I'd like to see how they're "renting them out in alleged predatory fashion" since the market and politicians set the rate on rent prices.

Predatory in this sense means allowing people who cannot afford to rent homes, to rent homes. Same thing as the old NINJA (no income, no job or assets) loans that contributed to the 08 crash.

The entire point being, the banks want to sell these RBS bonds and will let the underlying rentals be extremely risky because that risk is not exposed to the buyer of the bond.

https://seekingalpha.com/article/2190163-the-newest-trick-in-the-book-rent-backed-securities

 

[turkeyrun]

We The People will one day be fed up
The sheeple will cower and hide
The carpet baggers and corrupt politicians will wonder wth happened, as they swing from their well deserved and earned ropes.

Just a matter of time.

 

[Waltercat]

To house the illegals when they land a no bid Gov. contract.
Next will be Gov. jobs for them.

 

[Profreedomokie]

The US will end up like England where the majority of people work for the government, so nobody opposes what they do in fear of losing their job.

 

[GorillaG]

The US will end up like England where the majority of people work for the government, so nobody opposes what they do in fear of losing their job.

Apparently none of them study dentistry...

 

[okietool]

They ain’t makin no more land.

 

[TANSTAAFL]

I'd like to see how they're "renting them out in alleged predatory fashion" since the market and politicians set the rate on rent prices.

They pay for the politicians, so price will no longer matter.