Dhmspector,
@Dhmspector@mastodon.social avatar

Too bad the #WaPo didn't bother to mention WHO, exactly, is raising the rents on the seniors in these mobile home parks: It’s Private Equity (PE) firms — all run by Right Wingers / Trumpers — who have been gobbling up real estate across the nation since 2020 and are at the root of the housing crisis:

https://www.washingtonpost.com/business/2024/03/11/mobile-home-rent-increase-arizona-biden-trump/

EarthOne24,
@EarthOne24@mastodon.social avatar

@Dhmspector Rewind a little further: Bush2 real estate bubble burst 2008. Millions who'd been given predatory mortgage loans by banks, guaranteed to end in foreclosure, lost homes. Millions of then bank-owned properties did NOT drop in value: no supply and demand free market in sight. They were kept at bubble price as bank "assets". With Obama's bank bailout $$$, banks called their flush real estate investors and deals abounded, turned into rentals for people who'd lost homes to foreclosure.

ShiitakeToast,
@ShiitakeToast@beige.party avatar

@Dhmspector wasn’t the whole Trump University scam a MLM pitch for buying distressed trailer parks?

Dhmspector,
@Dhmspector@mastodon.social avatar

@ShiitakeToast don’t know, sounds sleazy enough that it’d be in his wheelhouse.

Dhmspector,
@Dhmspector@mastodon.social avatar
Dhmspector,
@Dhmspector@mastodon.social avatar
Dhmspector,
@Dhmspector@mastodon.social avatar
Dhmspector,
@Dhmspector@mastodon.social avatar
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