Posted on 03/21/2022 7:27:58 PM PDT by yesthatjallen
bkmk
Just damn… good luck to you!
Fortunately I think that this issue is getting noticed by people who don’t normally pay attention to the financial world or to politics.
It’s going to take applying a lot of pressure to politicians of both parties to force them to change the law to stop this.
This issue began in California but it’s not staying here. The ridiculously high prices being paid for SFHs here is getting Californians to cash out and bid up prices everywhere else.
I’m certain that we have a major real estate bubble in SoCal, but unlike the 2008 subprime debacle this thing isn’t dependent on garbage loans. This is hard money from investment firms with very deep pockets. Their investment strategy isn’t based on flipping or turning over these houses for a quick profit.
He LOOKS like a Fannie Mae, but his name is Jonathan LAWLESS!!
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