The gentrification of Puerto Rico begins... Here comes the vultures.

[ariesgem]

Puerto Rico Is a “Playground for the Privileged”: Investors Move In as Homes Foreclose & Schools Close

Check out @democracynow’s Tweet:

Link to tweet

?s=09

[greymattermom]

1. How will rich folks manage

without a reliable power grid? They also need other infrastructure including hospitals.

[DBoon]

3. Off grid generators and battery storage

The new status symbol.

[MagickMuffin]

2. Well, who didn't see this coming?

I certainly did.

[procon]

4. Didn't they already do that?

There's some old law written into their constitutional that stipulates that Puerto Rico's investors get a tax free, guaranteed return on their money. That has attracted profiteers for decades who came to gut the economy for a quick profit. Unlike any other state, the US congress passed a law explicitly barring Puerto Rico and the District of Columbia (nothing in common there at all) from seeking Chapter 9 bankruptcy relief.