Sunday, February 01, 2015

Rent to Own: Wall Street’s Latest Housing Trick - ProPublica

Rent to Own: Wall Street’s Latest Housing Trick - ProPublica



Yup, rent to own your house. And end up being screwed over, just as do the people renting to own their gadgets and home furnishings. they pay through the nose, because they haven't the means to save enough to buy direct, but succumb to the urge to have the same stuff as everyone else does.

Rent to own a home has so many more sinister aspects to it. Almost everyone needs a place to live. And so many more people find themselves struggling to make it day to day: there's nothing left to save for a downpayment on a home. They can barely find enough to pay the rent: if they can find a place to rent, at a price they can afford, as the vultures on top swoop in to buy up properties.

Oh, the whole thought of this is making me too distraught to continue. I despair of the future of our civilization. 

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