Monday, March 4, 2013

Billionaire Speculators' Greed Makes Life Hard For Renters and Would-Be Homebuyers | Alternet

Billionaire Speculators' Greed Makes Life Hard For Renters and Would-Be Homebuyers | Alternet
"The foreclosure crisis in America has had many unexpected twists. But none may be as striking as the latest development: real estate speculators, with billions in ready cash, are swooping into hard-hit locales and buying foreclosed and low-end homes with the same vehemence that created the housing market bubble."