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The purpose of low interest rates was never to help people own houses. It was to enable governments and corporations to paper over bad decisions by kicking the
by ralph84 4y ago
The purpose of low interest rates was never to help people own houses. It was to enable governments and corporations to paper over bad decisions by kicking the can down the road.
- eddyfromtheblok 4y agoTricon, as mentioned in the article, is publicly traded, owns houses in the US south, some of which are newly constructed, and has $1B to buy more houses once interest rates drop. So there’s institutional investors standing to profit if interest rates drop and if rents continue to increase. Seems like investors think it’s a good idea for them