Real estate speculators are cashing in on the misery of others and purchasing not just one but lots of distressed properties ... which they can then rent out and make a buck. They probably forgive themselves for hop-scotching over the fundamentals that created the distress in the first place. What the hell -- it's not their problem.
Or, as one entrepreneur put it:
She has studied the housing stock in the neighborhood. She says most of it would fit right in with the Third World. She has also studied the demographics and how much people are currently paying for rent. All the math works in her favor, she says.Welcome to the Third World, America.
Is there really any difference between Democrats and Republicans where the world of money is concerned? Poverty of pocket, poverty of mind ... just as long as I am not impoverished!
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