“Today’s episode argues that the current housing crisis in the US is not accidental but a deliberate corporate takeover engineered by Private Capital. Through manipulation of financial instruments, like mortgage forbearance and HELOCs, and strategic market control, investment firms are driving mass foreclosures and consolidating ownership. Government inaction, stemming from regulatory capture by financial interests, facilitates this process. The author of the source article, Dr. Jaime Hoerricks, proposes socialism, including social housing and bank nationalisation, as the only solution to dismantle this system of wealth extraction and restore housing as a human right, not a commodity.”
Here’s the link to the source article: https://open.substack.com/pub/autside/p/the-corporate-takeover-of-housinga
Let me know what you think.
Share this post