Row 75393

Row ID: 75393 | Dataset Entry | Axioma AXP Content Repository

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This page contains data entry 75393 from the Axioma AXP content repository. The structured data below represents the complete record for this entry.

The housing issue began in the aftermath of the 2008 financial meltdown, when big hedge funds identified foreclosures as an arbitrage opportunity. Once they were in the market they realized the housing market, due to inelastic supply, could be easily manipulated for even higher returns. They’re knowingly strip mining the middle class.

I’m surprised they didn’t figure this out during any prior recession since 1980. Possibly the strategy wasn’t obvious enough until something like Air B&B or VRBO existed, to show that the housing market could be exploited this way. (In certain local markets housing prices were driven up by modest reallocation of housing stock to the vacation rental market.)

FieldValue
text The housing issue began in the aftermath of the 2008 financial meltdown, when big hedge funds identified foreclosures as an arbitrage opportunity. Once they were in the market they realized the housing market, due to inelastic supply, could be easily manipulated for even higher returns. They’re knowingly strip mining the middle class. I’m surprised they didn’t figure this out during any prior recession since 1980. Possibly the strategy wasn’t obvious enough until something like Air B&B or VRBO …
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-24
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Raw Record

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  "text": "The housing issue began in the aftermath of the 2008 financial meltdown, when big hedge funds identified foreclosures as an arbitrage opportunity. Once they were in the market they realized the housing market, due to inelastic supply, could be easily manipulated for even higher returns. They’re knowingly strip mining the middle class.\n\nI’m surprised they didn’t figure this out during any prior recession since 1980. Possibly the strategy wasn’t obvious enough until something like Air B&B or VRBO existed, to show that the housing market could be exploited this way. (In certain local markets housing prices were driven up by modest reallocation of housing stock to the vacation rental market.)",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-24",
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}
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