Again, we bailed them out, article from 5/11/2022

Crossville TN

Description

REAL ESTATE Published 15 hours ago Goldman Sachs-backed firm buys Florida community of single-family homes for $45 million The investment comes amid a housing shortage in the Sunshine State. An investment fund backed by Goldman Sachs has recently purchased an entire community of 87 single-family rental homes in Central Florida for just over $45.7 million, according to reports. The Palm Bay community, known as Cypress Bay, was developed by home construction company D. R. Hornton, Inc. and completed in February, according to Benzinga. Investment funds Growth eREIT VII and Fundrise Interval fund – which are backed by Goldman Sachs – purchased the community homes for around $45.7 million, Orlando’s WESH reported. The investment comes amid a housing shortage in Florida, sparked my inward migration of Americans fleeing more expensive states. Bishop Merton L. Clark of Truth Revealed International Ministries told the station that investors take advantage of the opportunity to make money off the housing crunch. "Investors come in and of course invest. Property just goes off the roof," he said. "Which marginalizes a whole lot of people who just can’t afford it. Especially those in Brevard County who make less than $46,000 a year." Remember the Federal Reserve prints money out of thin air into the big banks. THE REAL CAUSE OF INFLATION! Either way you get screwed! The 1% !