Rat and Mouse
Mon
27
Feb
In the US: Warren Buffet claims evicted homeowners pulled a fast one

An interesting piece in Bloomberg quotes the great investor claiming many property owners remortgaged at the top of the market and managed to make a profit when they tossed the keys back to the lender and walked away.

“In these cases, the evicted homeowner was the winner, and the victim was the lender.”

His comments - made from the perspective of an investor left highly exposed to the mortgage market - have been criticised as "mercenary" and failing to recognise the human side of the eviction crisis. It's an interesting piece, and recommended.

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