WITH CRIMINAL INTENT: What Happened to All Those Foreclosed Houses?

RIELPOLITIK

Source – stuartjeannebramhall.com

“… The banksters crash the economy, you lose income and your home, they buy your house at auction, then they rent it to you at an ever-increasing price. The “new way” is the same old story: The rich robbing the rest of us”:

What Happened to All Those Foreclosed Houses? – By Jim Hightower

Wall Street bought them — and is now leasing them out and driving up rents.

We know that millions of American families lost their homes after Wall Street’s 2007 financial crash. But where did all those houses go?

It turns out that Wall Streeters themselves formed profiteering investment groups that rushed out to scoop up tens of thousands of those foreclosed properties, usually grabbing them on the cheap at courthouse auctions in suburban metro areas that were hard-hit by the crash.

These moneyed syndicates have deep, deep pockets, so they easily outbid local…

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