Smarty2022
Well-known member
This why Hamilton County took many evictions “off” their website? Aftab allegedly had a “big plan” for the city including more affordable housing. I don’t see how many folks will be able to pay 1500$ a month minimum for rent in many of these neighborhoods. I thought these people are ran to help out the little guy, seems like all talk to me.There are some similarities to ‘08 for sure. ‘08 was caused by lending large sums of money to people who couldn’t pay and the loans were not backed by assets that could cover the loan. Then they packaged those loans and sold them to investors that didn’t do their homework and got badly burned. This could be similar if these investors are over paying for and/or over improving their rental properties to the point the rental market can no longer support the investment. Like ‘08 these things will be packaged and sold off, this time in REITs. This time evictions will send the signals that foreclosures sent in ‘08. It could get really ugly.