“Janet Yellen is the nation’s new top slumlord. Her policies of unlimited liquidity, QE and zero interest rates directly enable financial Elites to beat out Mom and Pop rental housing investors and buy tens of thousands of rental properties at will. Access to free money and near-zero interest rates gives institutional buyers a built-in advantage over Mom and Pop rental property owners: no collateral and free profits from super-low rates available to those closest to the Fed’s QE money spigot. Institutional ownership turns the rental housing stock into a Fed-enabled financial monoculture. To Fed-enabled Institutional landlords, you are an income stream to be skimmed.”
http://www.oftwominds.com/blogjan14/slumlord-Yellen1-14.html
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