Rental-Backed Securities Fueling the NEXT Housing Crisis
BROOKLYN
- Could the housing crisis which played a significant part in the 2008
economic crash happen again? Some critics believe that Washington is
setting up an artificial rise in housing prices that could lead to
another crash in values. The rises in prices could mainly benefit realty
companies, who would see large increases in the percentages of sale
prices they collect. Investors of inexpensive, foreclosed properties,
could also profit. The losses would be largely borne by the middle
class.
Large media outlets are running regular stories about the increase in housing prices. Some observers believe these stories are part of a "grand deception" to artificially raise prices and consumer confidence.
Meanwhile, large hedge funds and private equity firms are making tremendous purchases of foreclosed properties. One company alone, Blackstone Group, recently purchased 1,400 foreclosed homes in a single day.
An estimated ten million people may have lost their homes in the foreclosure crisis. With families needing a place to live, and banks holding onto empty homes, rentals have increased. Some observers believe this could cause another housing bubble.
Laura Gottesdiener is an author and political observer who has studied the coming housing bubble in detail.
LIVE: http://NextNewsNetwork.com
Facebook: http://Facebook.com/NextNewsNet
Twitter: http://Twitter.com/NextNewsNet
Sub: http://NNN.is/the_new_media
Meet the Next News Team: http://youtu.be/2QnNKwQ2WkY
Hashtag: #N3
About:
Next News Network's World News program airs daily at 6pm and 11pm Eastern on Comcast, DirecTV and Over-the-Air and Online at http://NNN.is/on-
World News is available to 6 million viewers from South Beach to Sebastian, Florida and to 2 million viewers in Boston, Massachusetts via .
broadcasts on RF channel 44 (virtual channel 9) from Palm City and is carried on cable TV channels 44 (SD) and 1044 (HD) by AT&T, on cable channels 17 (SD) and 438 (HD) in West Palm Beach by Comcast, on satellite channel 44 (SD) in West Palm Beach by DIRECTV, and on -Boston which broadcasts on RF channel 38 (virtual channel 6) from the Government Center district in downtown Boston.
Large media outlets are running regular stories about the increase in housing prices. Some observers believe these stories are part of a "grand deception" to artificially raise prices and consumer confidence.
Meanwhile, large hedge funds and private equity firms are making tremendous purchases of foreclosed properties. One company alone, Blackstone Group, recently purchased 1,400 foreclosed homes in a single day.
An estimated ten million people may have lost their homes in the foreclosure crisis. With families needing a place to live, and banks holding onto empty homes, rentals have increased. Some observers believe this could cause another housing bubble.
Laura Gottesdiener is an author and political observer who has studied the coming housing bubble in detail.
LIVE: http://NextNewsNetwork.com
Facebook: http://Facebook.com/NextNewsNet
Twitter: http://Twitter.com/NextNewsNet
Sub: http://NNN.is/the_new_media
Meet the Next News Team: http://youtu.be/2QnNKwQ2WkY
Hashtag: #N3
About:
Next News Network's World News program airs daily at 6pm and 11pm Eastern on Comcast, DirecTV and Over-the-Air and Online at http://NNN.is/on-
World News is available to 6 million viewers from South Beach to Sebastian, Florida and to 2 million viewers in Boston, Massachusetts via .
broadcasts on RF channel 44 (virtual channel 9) from Palm City and is carried on cable TV channels 44 (SD) and 1044 (HD) by AT&T, on cable channels 17 (SD) and 438 (HD) in West Palm Beach by Comcast, on satellite channel 44 (SD) in West Palm Beach by DIRECTV, and on -Boston which broadcasts on RF channel 38 (virtual channel 6) from the Government Center district in downtown Boston.
Mondays at Blackstone
No comments:
Post a Comment