charles hugh smith-Janet Yellen, the Nation's New Chief Slumlord

charles hugh smith-Janet Yellen, the Nation's New Chief Slumlord

The banksters gave credit to the hedge funds, private equity guys, to buy up all the real estate and rent it out. Having access to QE's free money allows this sort of transaction to go on.

It will help some renters, but it hurts small mom and pop landlords. And no one knows how well the properties will be kept up over the long haul by the hedge funds.

I believe the jury is out regarding the slumlord aspect of all this, but I am skeptical of this sort of property management going forward. We will just have to monitor it. 

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