Well they aren’t really your “new” slumlord in the sense you have been debt slaves to the financials system for decades. What I really mean is that it is now becoming overt and literal. Literal because financiers are now the main players in the real estate market and are buying all the homes ordinary citizens were kicked out of over the past few years.
Yep. Good going Federal Reserve. Too big to fail, fuck that, too big not to!
Read the article, the author makes an assertion backed statistics and facts. Family homes are becoming multigenerational again and US wages will be depressed for a long time to come so this will back fire on our Chinese friends and this is what coming to collect on their default will look like!