indurancevile
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Thu Aug-11-11 02:49 AM
Response to Reply #33 |
| 175. no, it's win-win only for the hedge funds/big capital. local property owners will lose. |
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Edited on Thu Aug-11-11 03:17 AM by indurancevile
because big capital -- & by that i mean national & possibly global capital -- will get cheap properties at bargain basement prices & will be competing with local property owners who are still paying on pre-crash mortgages & charging rentals at that cost.
they will be competing for renters & section 8 money as well.
great news, more people will be abandoning their property & the big boys can get a deal on it.
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