Toot

Written by Cory Doctorow on 2024-04-27 at 13:58

They went into homeownership with "nonconforming" mortgages with higher interest rates and penalties, making them more vulnerable to volatility, thus more likely to fall behind on taxes. Now that they're delinquent on property taxes, they're in hock to a private equity fund that's charging them even more to live in their family home, and the second they fail to pay, they'll be evicted, rendered homeless and dispossessed of all the equity they built in their (former) home.

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