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Economy

markodochartaigh

(2,442 posts)

7. When the Republicans tank

Reply to jmbar2 (Original post)

Fri Nov 8, 2024, 11:57 AM

Nov 2024

Social Security millions of seniors will be forced to sell their homes into a market rapidly spiraling downward in order to get money for their living expenses. Children will lose their inheritance. The houses will be bought up in bulk for cash for pennies on the dollar by hedge funds. We saw this to some extent in the 2007-8 crash.

Trump's Secretary of the Treasury, Mnuchin, the foreclosure king made a fortune taking advantage of the situation.

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Highlight:

Newly formed hedge fund, Trevally, positioning for a housing collapse similar to 2008 [View all] jmbar2 Nov 2024 OP

Oh no Irish_Dem Nov 2024 #1

I think so... jmbar2 Nov 2024 #3

The threat to low income housing projects jmbar2 Nov 2024 #2

The billionaire vultures are circling the entire US. Irish_Dem Nov 2024 #4

trump will fix everything tulipsandroses Nov 2024 #5

Expansion of the rapidly growing Private equity landlord class. Nt Fiendish Thingy Nov 2024 #6

When the Republicans tank markodochartaigh Nov 2024 #7

Another way for seniors to meet their living expenses is to share housing. mahina Nov 2024 #8

Real estate will collapse because 11 million people will applegrove Nov 2024 #9