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Private equity firms are snapping up mobile home parks − and driving out the residents who can least afford to lose them (theconversation.com)

submitted 1 day ago by cm0002@infosec.pub to c/usa@midwest.social

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[–] frezik@lemmy.blahaj.zone 13 points 1 day ago* (last edited 1 day ago)

More Perfect Union did a video on this a while back. Mobile homes are now basically as expensive as any other house because of this bullshit.

Ban private equity. It accomplishes nothing except moving money around in ways copied from Enron.

[–] gravitas_deficiency@sh.itjust.works 12 points 1 day ago (2 children)

It is incredible how categorically caustic PE firms have gotten. They weren’t great before, but nowadays the overt and insane hypercapitalist profit über alles tactics are just gleefully brutal.

[–] theneverfox@pawb.social 3 points 1 day ago

It's a race to the bottom. Once one group starts burning value to drive up speculation a bit longer, everyone has to do it to keep up

[–] redsand@lemmy.dbzer0.com 1 points 22 minutes ago

And unsustainable. The biggest buyers and sellers of private equity are both private equity firms. The major driver of profits and growth for all firms are acquisitions and there isn't much left to acquire. This bubble too shall pop with AI.