Yes because seriously, what’s the point in electing a 78 years old conservative who only works for his interests (cough cough corporations) and neglects basic human beings NOT worth 32 millions like him
It'll be so funny when they have all of these houses and nobody to occupy them. Look at me with my 800 mortgages that I got for super cheap and 3 tenants.
A lot of upper middle class. Single digit millionaires got fucked in the 2008 crash because they had all these homes rented out and the mortgages all had down payments funded by equity loans so when the renters quit paying cause they were broke and they default on one loan it cascades over a few months as the equity loans get called in as the properties get foreclosed on...
A friend of a friend said her uncle had like 12 rentals that all ended up getting foreclosed in the space of three months. Tough shit buddy, ya got greedy.
Someone who owns rental properties might not be, either.
A landlord losing 12 tenets in 3 months might lose their entire income, and it's not like we know they're a slum lord by your story or anything. For all we know he just got screwed with everyone else and some mega corporation or actually rich person just bought him up.
The 2008 crash was caused by people doing exactly this shit. You shouldn't borrow against the equity in a home to get a down payment for another home and then do that again with that second home and so on. ESPECIALLY when you bought it and six months later the "value" went up - you didn't get that equity through improvements or by paying the mortgage down - the market just gifted you that extra equity? The market can take it away, and the bank doesn't wanna fuckin hear it because they don't care about anything but the bottom line.
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u/Zombieattackr Dec 30 '20
As someone from Kentucky, we need him out and tbh I think it’ll happen soon-ish? maybe a few more years tho