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Also keep in mind the Red Lobster "bankruptcy." The sold out to a hedge fun, that then leaed the properties back to Red Lobster at inflated prices, which was not a sustainable business model. That hedge fun will them sell off the (eventually) empty buildings for another huge profit.
ReplyDeleteBig Equity firms are also buying up real estate (apartments and single-family homes) for cash and raising the cost of homes and rent.
The economy is doing well, it's the Big investors and corporations that are screwing with everything. It's been going on like this since housing crash in 2007 - 2011.
Whkattk - You got that right!
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