“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
Related posts:
Jacob Hornberger: The Real Criminals Under Our National-Security State System
CEO: Tech companies should not permit governments to use face recognition
Stop-and-Frisk: How Government Creates Problems, Then Makes Them Worse
The Forever Wars of Frederick & Kimberly Kagan
Could a Government Cash Grab Happen Here?
Jeffrey Tucker: Life Without the McDouble
Deputizing America
"The Bank Was Saved, and the People Were Ruined."
Why U.S. Policy in East Asia is Dangerous
Let’s shatter the myth on Glass-Steagall
How to Be a YouTube Star and Beat Justin Timberlake in the Charts
James Bovard: Obama, NSA, Gulf of Tonkin, & Governing as Lying
The American Empire vs. Your Retirement Prospects
Humans Need Not Apply
The Global Status Quo Strategy: Do More of What Has Failed Spectacularly