The Dream of Home Ownership in the US

23 Jul

Has become a nightmare but only for those with any skin in the game….

ie- homeowners are really nothing more than voluntary donors to the local and state governments.

Sooner or later the whole thing comes crashing down….

“What happened is, a bunch of us got together and asked ourselves what a fix of the housing/foreclosure problem would look like,” Gluckstern. “Then we asked, is there a way to fix it and make money, too. I mean, we’re businessmen. Obviously, if there wasn’t a financial motive for anybody, it wouldn’t happen.”

 

Captain Capitalism, Zero Hedge

 

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