By A. Dru Kristenev —— Bio and Archives--October 28, 2022
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By Centrewing on 2022 10 24
It is hard to find articles on this still. I guess all those who were told by many financial planners, smaller but fairly well off people, to buy up houses and these condos to rent them out and make an easy living? I read a year or so back about this. I also read that the now computerized stoves, fridges, washing machines and dryers, furnaces, air conditioners etc. will all be owned and controlled by them for each having a monthly rental/lease on them too. So yes we will own nothing and cannot afford anything if this continues and it will.
Then for the small investor making a living while paying off mortgages on their once good assets while renting them out at higher prices to do so will be in big trouble as once the big guys have full ownership of enough of these rentals, they will reduce the rent so the small guys have to and then cannot pay their mortgages, cannot afford the upkeep and higher and higher taxes and then loose their investments?
It is a very sick, and greedy economy our " bought out governments" are creating as we keep seeing more and more of it.