That's kind of the point. The Wallstreet landlords DO have the cash, hence why they're able to buy up entire neighborhoods at once. Then they refinance it to get their money back out. Rinse and repeat.
But in doing so they're perpetually taking on massive amounts of debt in a bloated value market. So when the house of cards crashes, they're gonna go belly up.
Most people can’t get the cash to buy it in the first place though.
That's kind of the point. The Wallstreet landlords DO have the cash, hence why they're able to buy up entire neighborhoods at once. Then they refinance it to get their money back out. Rinse and repeat.
But in doing so they're perpetually taking on massive amounts of debt in a bloated value market. So when the house of cards crashes, they're gonna go belly up.