Re:To Cut Down Poverty, Cut Down the Cost of Living
by 1anh2kqowg on Friday August 05, 2016 @03:48AM
(#12230660)
I don't know if I'm clear, here are some analogies:
Chemical plant contaminated nearby housing development, some homeowners sell at a discounted rate to investors who hope to profit after a successful cleanup.
Pension funds buy Argentine bonds in the 90's. When it becomes clear Argentina is unwilling to pay it's debts, some sell to a vulture fund who has a better chance of collecting.
In both cases, some of the current owners of distressed assets are not sympathetic. That doesn't change the fact that a major loss of housing/bond interest/rent is occurring.
Chemical plant contaminated nearby housing development, some homeowners sell at a discounted rate to investors who hope to profit after a successful cleanup.
Pension funds buy Argentine bonds in the 90's. When it becomes clear Argentina is unwilling to pay it's debts, some sell to a vulture fund who has a better chance of collecting.
In both cases, some of the current owners of distressed assets are not sympathetic. That doesn't change the fact that a major loss of housing/bond interest/rent is occurring.