General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsAs US poverty hit it’s highest point in 50 years - Americans make up half of the world's richest 1%
US poverty hit its highest point in 50 years
http://www.industryleadersmagazine.com/poverty-rate-crosses-15-highest-in-over-50-years-u-s-census-bureau/
Americans make up half of the world's richest 1%
http://money.cnn.com/2012/01/04/news/economy/world_richest/index.htm?iid=HP_LN&hpt=ibu_c1
bvar22
(39,909 posts)K&R
You will know them by their WORKS.
[font size=5 color=green][center]Solidarity99![/font][font size=2 color=green]
--------------------------------------------------------------------------------------------------------------------------------[/center]
FirstLight
(13,360 posts)that because I have a TV or running water i am really not as poor as I "think"
It's a helluva comparison...
sad sally
(2,627 posts)Who are these investors who'll be buying these "bundles of houses?"
####
In addition, regulators have been seeking ways to shrink the glut of foreclosed properties by pooling properties and selling them to investors in bulk. The investors could then rent them out, taking advantage of rising rents. As a result of falling home prices but rising rents, it might be appropriate in some cases to redeploy foreclosed homes as rental properties, the Fed paper said.
http://blogs.wsj.com/economics/2012/01/04/bernanke-tells-lawmakers-more-action-needed-to-fix-housing/?du