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From the wapo article, talking about real estate in the Bahamas: “Literally, the day it occurred, they called and said, ‘Let me know. I will pay cash,’” Hillie
by lowbloodsugar 4y ago
From the wapo article, talking about real estate in the Bahamas:
“Literally, the day it occurred, they called and said, ‘Let me know. I will pay cash,’” Hillier said. “People see opportunity.”
Huh. It’s almost like how rich people buy property is:
1. Create a ponzu scheme or other financial shenanigans
2. Get money from peoples.
3. Spend proles’ money on ridiculous assets and property
4. Declare said scheme bankrupt
5. Step in and buy assets for pennies on dollar.
Ideally, step 4 happens during a financial crisis so that proles can’t get access to borrowed money, thereby reducing competition for assets.