My theory of one of the unspoken goals for this administration
I will be the first to admit that I know nothing, have no background in anything and am completely uninformed on most things.
In thinking about what may well happen once the new administration begins attacking elderly and working class folks, it occurred that there would be a whole bunch of houses defaulting, just like back in 2008. I remember that the finace system created its own work-arounds to the long established property and deed recording systems in place everywhere. And started foreclosing on everyone everywhere, including houses they didn't have any connection to. Remember the "Robo-Signing" incidents?
Currently, private equity companies are buying up the entire housing stock of the US. It is anticipated that under CURRENT conditions they will own 40% of all houses and housing by 2030. Imagine how much faster they could go if tons of elderly and working class homeowners can no longer afford to remain in their homes
Anyhow, that's just a thought.
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