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  • There Goes the Neighborhood
    Daniel commented on the article | about 3 years ago
    There Goes the Neighborhood

    The thing that I have never understood, is how can we spend money in large, like the previous Administrations have done to bail-out banks and buy up bad paper with money that we don't have and then let the banks do whatever they want in regards to how they spend the money with zero accountability?
    I know for a fact that there are entire families living under bridges (both literally and figuratively) due to lack of employment or housing opportunities and assistance. But instead of setting it up to actually help the people who absolutely need it they give the money to the banks and let them evict people only to sell off the property if they can, they buyer renovating the property and increasing the rents by at least 2x what the property was worth to start with. Now how does this HELP the economy, especially when people are having trouble affording the rents in most U.S. cities in the first place?

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