Isn’t this just taking the mask off of the Community Reinvestment and Development Act? The root of the problems that resulted in the Great Recession? Is Kammy looking for a crisis to exploit in furthering the fundamental transformation of America?
Problem is, we are now looking at another bubble with the rental market.
Rent is soaring across the country now. Investors are sinking all this money into building “luxury apartment” complexes so they can charge even more.
The area I live, the average rent is at least 33% higher than the average mortgage. The rates keep going up and up. And well outpacing the increase in salaries.
Another recession and this rental market is going to burst.