Yes on both counts. The invaders will default, the banks will then foreclose and set up a new loan paid by government subsidies. BlackRock makes a lot in the short term this way, with their longterm goals being no mortgaging out the houses at all, but creating a permanent rental caste.
Wanna bet they wont be made to pay the debt back. Is this who blackrock bought out all the houses for?
Yes on both counts. The invaders will default, the banks will then foreclose and set up a new loan paid by government subsidies. BlackRock makes a lot in the short term this way, with their longterm goals being no mortgaging out the houses at all, but creating a permanent rental caste.