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<blockquote data-quote="CattleMan1920" data-source="post: 1556603" data-attributes="member: 37967"><p>Blackstone, a major private equity fund owns property around the U.S. far and wide, purchased in foreclosure. The people who lost their properties are now the same ones renting them back. Sheer insanity for the renter, sheer genius for Blackstone. </p><p></p><p>If you love big money, and Wall Street, you will be amazed at how they are transforming real estate in America. The screwing has only just begun.</p><p></p><p>There is going to be some "swamp draining" and it's going to be for the purpose of condemnation lawsuits and seizing property. Just think about how that term "SEIZE" sounds! The very people that think they have friends in D.C. will find that money is thicker than blood. If you think the 2008 real estate crash was impressive, then what's coming will make that look like a trailer to the real movie.</p><p></p><p>Here is just a taste of what's to come. My advice, hold onto what you have with a tight grip. Be smart folks, and saavy, because this is capitalism at it's finest hour, and Wall Street is going to look like a T-Rex in the movie Jurassic Park when the recession hits.</p><p></p><p>https://theintercept.com/2018/10/12/prop-10-california-rent-control-wall-street/</p></blockquote><p></p>
[QUOTE="CattleMan1920, post: 1556603, member: 37967"] Blackstone, a major private equity fund owns property around the U.S. far and wide, purchased in foreclosure. The people who lost their properties are now the same ones renting them back. Sheer insanity for the renter, sheer genius for Blackstone. If you love big money, and Wall Street, you will be amazed at how they are transforming real estate in America. The screwing has only just begun. There is going to be some "swamp draining" and it's going to be for the purpose of condemnation lawsuits and seizing property. Just think about how that term "SEIZE" sounds! The very people that think they have friends in D.C. will find that money is thicker than blood. If you think the 2008 real estate crash was impressive, then what's coming will make that look like a trailer to the real movie. Here is just a taste of what's to come. My advice, hold onto what you have with a tight grip. Be smart folks, and saavy, because this is capitalism at it's finest hour, and Wall Street is going to look like a T-Rex in the movie Jurassic Park when the recession hits. https://theintercept.com/2018/10/12/prop-10-california-rent-control-wall-street/ [/QUOTE]
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