ASSET STRIPPING BY THE RULING CLASS « The Burning Platform

It has occurred to me the current rise in interest rates plays directly into the hands of the REO buyers. Rising interest rates will drive out buyers intending to reside in the property, prices drop and REIT’s waltz in and buy up REO’s by the $100B’s.

This quote is coming to pass in this decade,

“If the American people ever allow private banks to control the issue of
their money, first by inflation and then by deflation, the banks and
corporations that will grow up around them, will deprive the people of
their property until their children will wake up homeless on the
continent their fathers conquered.”
-Thomas Jefferson

ASSET STRIPPING BY THE RULING CLASS « The Burning Platform