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> The world shouldn't work that way for anyone, rich or poor. But it does. These types of "investors" exist in all markets, and they are about the real estate
by phil21 9y ago
> The world shouldn't work that way for anyone, rich or poor.
But it does. These types of "investors" exist in all markets, and they are about the real estate equvilant of shady debt collectors.
They buy properties that have delinquent taxes and once the city sells you it there are "no backsies" - the homeowner/whomever needs to now deal with the "investors" that bought the property from under them.
It's extremely common that those who owe those back taxes had no idea - or at least they claim so. That's never a defense I've seen hold up.
The problem is that the rich aren't paying the piper this time, and then changing the way things work. They are simply saying "eh, obviously that's wrong! fix it!" while completely ignoring the thousands of people affected in exactly the same manner each year.
- harryh 9y agoWhy is your solution to the problem making sure that everyone gets screwed rather than no one gets screwed?
- fredophile 9y agoProbably because it's better than "everyone that isn't rich gets screwed" which is the current situation.
- phil21 9y agoThat's not the solution. That's the bit that gets a real solution in place. The current status quo is "you're screwed if you are not rich and/or politically connected, but it's not a big deal if you know people" - so absolutely nothing will change. You must make "important" people feel the same pain as the little people or they will never care enough to take any amount of action.