Just meet a bidder at the auction who claims that she is backed by a half billion dollars in hedge fund money to purchase homes at foreclosure. I did not believe her until I saw her purchase 10 home in a single day. (she seemed not to care what the price was) She says that her goal is to purchase 1,000 homes by year end and hold them for rentals for ten years. (I cant emagine dealing with 1000 renters)
WHY???
I think people in the know...smart people ..smarter than me and you know that in the next few months we are going to see double or even triple digit inflation.
This is going to happen fast. You will wke up some morning, turn on the news..and...bingo banjo bongo....we're screwed..
What do U think?
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