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re: 3 corporations now own 19,000 metro Atlanta homes
Posted on 3/11/24 at 10:44 am to JSO24
Posted on 3/11/24 at 10:44 am to JSO24
If worthless Biden wants to do anything good in his term, he’d bust them up by EO and ensure they can’t take hold of real estate or medical ever again. And make them sell these homes they hold at market value bf the implosion. But he won’t. And Congress doesn’t care, those folks are their bread and butter. I’d like to see all PE firms go bankrupt. Eve the restaurant PE firms bc they are behind the crap expensive food and poor service.
1
Posted on 3/11/24 at 12:15 pm to Dixie2023
I totally agree.
People don’t understand how quickly PE can control the market in any specific industry — which should violate certain antitrust laws, but they skirt around it with enough lobbying.
They already control medicine, which is horrifying. They are rapidly on their way to controlling dental.
Last thing we need is them also controlling housing.
They do not increase the quality of anything they touch, they leverage debt and drain profits to distribute to their investors and try and flip the company to a higher bidder within 5 years.
It’s a Ponzi scheme that ruins the quality and increases the costs of any industry it touches.
People don’t understand how quickly PE can control the market in any specific industry — which should violate certain antitrust laws, but they skirt around it with enough lobbying.
They already control medicine, which is horrifying. They are rapidly on their way to controlling dental.
Last thing we need is them also controlling housing.
They do not increase the quality of anything they touch, they leverage debt and drain profits to distribute to their investors and try and flip the company to a higher bidder within 5 years.
It’s a Ponzi scheme that ruins the quality and increases the costs of any industry it touches.
This post was edited on 3/11/24 at 12:16 pm
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