Lot of wealth changing hands. Helps to have friends in high places.
People are becoming less interested in making wealth and more interested in grabbing it.
I’ve been thinking about real estate investment trust and people following Robert Koyasaki’s Rich Dad.
* REITs may take a beating if those buying property at a discount from the feds offer rentals below market rates. After competition goes under, jack up rates and make more money.
* Those who buy and rent investment property may also lose out to the federal winners / landlords.
* What happens to those who buy the property? Do they have to rent based on government mandates or bribery? Thought: “This niece of guy on the board gets to rent the 6 bedroom 4 bath for $500 a month. Oh, and her kids are teenagers and bring friends over a lot.”