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Wall Street's hottest investment idea


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2012 Jul 24, 5:18am   2,694 views  2 comments

by REpro   ➕follow (0)   💰tip   ignore  

All of a sudden, it seems, everyone on Wall Street wants a foreclosed home.

http://finance.fortune.cnn.com/2012/07/24/wall-street-foreclosures/?iid=Lead

#housing

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1   freak80   2012 Jul 24, 5:28am  

Now if they can somehow manage to create another housing bubble after they buy, they'll be rollin' in the dough!

2   Tenpoundbass   2012 Jul 24, 6:17am  

wthrfrk80 says

Now if they can somehow manage to create another housing bubble after they buy, they'll be rollin' in the dough!

My Patnet brothers I am really disappointed in the sheer naivete and gullibility of this board. This is exactly what I've been warning about.
Why on earth would wall street be interested in playing house flipper?
Has anyone been paying attention? Houses aren't selling, no one is buying them. Between banks not lending, wages not there to support mortgages, knee jerking exaggeration of the value of the market both Bullish misinformation, Bearish misinformation for opposite reasons.

These corporations are going to buy up America housing and you'll rent from them. They wont sell a house on a bet, they will set the rent prices, and homelessness will rise tenfold. You're going to pay them theirs.
The pressure they will create on actual residential stock, and for what they will be getting in rent. They will even be bidding on those houses.

Buying a house in the near future will be like winning the lottery and a dream very few will realize.

And please let's not forget these are Banks forming these corporations. The very same banks that will be giving out less loans, to further stack the odds in their favor that those single family homes end up in their portfolio. New construction will be started by the bank for the bank to expand their rental empire.

Welcome to the new NEW American Dream.

"Affording Rent" or let alone passing the credit check.

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