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Message
re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.
Posted on 4/29/24 at 11:42 am to Boss13
Posted on 4/29/24 at 11:42 am to Boss13
quote:
I don't even have a problem with these companies buying houses. What I have a huge problem with is they are allowed to do it with zero risks. If the bottom falls out of the market, you know who the politicians are going to rush to save from default? The corporations.
Some of these firms are technically buying these houses with your retirement money. I bet your 401K has money tied up in a few REITs
1
Posted on 4/29/24 at 6:47 pm to stout
quote:
Some of these firms are technically buying these houses with your retirement money. I bet your 401K has money tied up in a few REITs
Let it drop. I've lost before and I'll lose again. If corporations were allowed to fail, maybe the ones that survive would be investing their money responsibly with appropriate risk ratios. Now they can do whatever consequences be damned.
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