3 ms·
We are kind of in the same place as the 2008 crisis, except the sub prime mortgages have been extrapolated out a level. The comercial product being sold today i
by downrightmike 9y ago
We are kind of in the same place as the 2008 crisis, except the sub prime mortgages have been extrapolated out a level. The comercial product being sold today is the rent collected from the properties and the mortgage is the collateral. So if the renter can't pay, kick them out, The market shouldn't tank all at once, it will continue to go up 20% a year until nearly no one can afford to live in a house period. Then crash. http://www.motherjones.com/politics/2014/01/blackstone-rental-homes-bundled-derivatives http://www.motherjones.com/politics/2014/01/blackstone-renta...