Dave Spector on Nostr: this is a crisis created by private equity firms who’ve spent hundreds of billions ...

this is a crisis created by private equity firms who’ve spent hundreds of billions hovering up every kind of housing stock across the country, as well as trailer parks and apartment complexes

Then, they’ll do what they always do: squeeze every last dollar out of the asset — then they’ll leave hollowed out towns/neighborhoods with destroyed housing stock when they’re done and then demand huge tax breaks for their ill-gotten gains.

Unregulated capitalism is social darnwinism writ large.