Vulture Funds line up $2.5 trillion after Pandemic to Pillage Global Housing

The Free

By Matthew Ponsford and Ruairi Casey at shared with thanks!

In future we will all pay mega rents for for the shittiest housing possible! Its the law of Capitalism. Vulture Funds are using the Pandemic to Pillage the Global Economy

Before the pandemic, private equity had amassed $2.5 trillion – more than the GDP of Italy – in ‘dry powder,’ waiting for distressed assets to plunder. Covid-19 provided them with the perfect opportunity.

There’s even a new app with a tagline that promises that you, too, can ‘profit like a landlord from just £1 with no effort’.

View original post 2,561 more words