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January 20, 2018 07:22 am PST
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/XOcjA43Q6FQ/starwood-waypoint.html
To keep their bond-ratings, hedge-funds have to publicly demonstrate that they are the most ruthless of landlords
After the subprime crisis, vulture funds swept into the hardest-hit areas and bought thousands of foreclosed-upon homes at firesale prices and floated bonds based on the expected returns from the rents they'd be able to charge in an America with the lowest levels of home-ownership in modern history. (more…)
Original Link: http://feeds.boingboing.net/~r/boingboing/iBag/~3/XOcjA43Q6FQ/starwood-waypoint.html
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