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Even the low value, or in foreclosure homes are being snapped up; just by the big banks. Who then rent them and sell that rent money as a new subprime asset. It
by downrightmike 10y ago
Even the low value, or in foreclosure homes are being snapped up; just by the big banks. Who then rent them and sell that rent money as a new subprime asset. Its the subprime mortgage crisis all over again, except shareholders will get the mortgages given up as collateral.