Quote:
Originally Posted by JManc
Hence why pension funds are snapping up entire neighborhoods all over the country so they can turn around and rent these houses out to the same people who they outbid.
|
I see that as a huge problem (my gf and I have been trying to buy for what feels like forever only to see prices skyrocket and houses, townhouses and condos going for way over the asking price in our market) but we're lower middle class and I'm relatively liberal so maybe my worldview is off?
There was a Wall Street Journal article published within the last week (I don't have a subscription) about, if I understood correctly, Blackwater buying up homes and renting them out to the people they outbid. For whatever reason, it makes me (irrationally?) angry, but do I have that right? It's basically capitalism at its finest. Can or should that kind of stuff be regulated?