All those big companies buying up residential houses are taking it in the shorts, with worse to come.
If you can remember all the way back to pre-Flu Manchu 2020, housing prices were soaring and there were a raft of articles decrying how commercial investors were snapping up housing as fast as they possibly could, pricing ordinary Americans out of the market.
Now, some two years later, it’s evident that a lot of those commercial investors kept buying right up through the peak of the market, and are now proceeding to lose their shirts on those deals thanks to the Biden Recession.
Look, these people were making bank at the expense of the middle class. Quite frankly, I hope they all go under. They got sweetheart deals from the Fed to buy up houses and price the average Joe out of being able to buy a house. Fuck them all. They took their chances, and now I hope they pay the fucking piper.
Let them fail. Learn to code, shitstains.