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WSJ: Red Alert, Foreclosure Tsunami Incoming

WSJ: Red Alert, Foreclosure Tsunami Incoming

Echoes of 2008 x100. Who's old enough to recall mortgage rates hitting 22% in the 1980s? Abandoned houses everywhere. Landlords torching buildings for insurance $$, Howard Cosell: The Bronx Is Burning

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Buck Williams
May 23, 2023
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WSJ: Red Alert, Foreclosure Tsunami Incoming
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A Housing Bust Comes for Thousands of Small-Time Investors

They were offered the benefits of owning apartment-building rentals without any of the work, in real-estate investments that have already left some people empty-handed

Houston Mayor Sylvester Turner last July said living conditions were deplorable at the Timber Ridge Apartments, which was owned by Applesway Investment Group at the time.

Houston Mayor Sylvester Turner last July said living conditions were deplorable at the Timber Ridge Apartments, which was owned by…

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