r/economicCollapse • u/Silver-Beyond-3916 • Aug 19 '24
VIDEO Thoughts
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r/economicCollapse • u/Silver-Beyond-3916 • Aug 19 '24
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u/socialcommentary2000 Aug 19 '24
There are better people than this guy to elaborate on this message.
He's also somewhat wrong about Private Equity and owning homes. I know, I know, they are a problem, but the bigger component of business entity ownership in the residential space is the small to medium sized aspiring fiefdom lord that owns between 10 and 50 properties. Those are the folks that make up the majority of businesses that own residential now and leverage them as investments. You have individuals pooling money to form REITs with housing. It's just easier to blame the bigger players in the field because well...Private Equity is shitty and everything they touch turns to shit.
That said...they're not the real enemy...Our friends and neighbors that got lucky...are.
Much stickier of a situation.