
Banks Are Buying Your Neighborhood, Part I
Stuff They Don't Want You To Know
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The Way You Generate Wealth by Owning a Home
The way you generate wealth over time is by owning a home. You can grow yourself, right? And at this point in in the past, when that crash happened,. those companies were worried about how much their property was worth. But each individual family has to worry about howMuch their property is worth. The federal government did intervene and launched a pilot programme meant to allow private investors a way to easily buy homes that had been foreclosed. They bought them straight from the government, via fanny mays. These new owners would rent out these homes, and they would create more housing in areas that had been absolutely trampled by foreclosures. It's good work if you get it wrong
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