Wednesday, January 4, 2017

Big Money Landlords...


...With a big boot to get you out if you don't pay on time, and too fucking bad if it was due because of outrageous fortunes beyond your control. Of course, when the shoe is on the other foot, and the landlord is asked to repair significant problems with a house, that's just too fucking bad as well. Maybe they'll get to it, at some point down the road, and maybe they won't.

We're talking about the huge inventory of housing made vacant by the Great Recession of 2008. Large investment firms went in, buying the properties at significant discounts, and then put them into the rental market. And now we have large segments of people needing housing in America renting these homes, and needing to fork over a third or more of their income to do so. And heaven help you if you do get kicked out because that makes finding new digs all the more difficult because of the hit to your credit rating, and other landlords simply not allowing such folks back into their rentals.

With a real estate mogul soon to be selling his brand from the White House you can expect this situation to just get worse.

Wall Street, America’s New Landlord, Kicks Tenants to the Curb