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60 Minutes had a segment on the scumbags paying cash for homes, which locks out individual buyers. Then they upgrade everything in the house causing the tax value of this house to spike…and subsequently, the tax value of everyone else. This has the effect of forcing out other people in the neighborhood because they can’t afford the new taxes. Rinse and repeat. Oh, and then they only RENT the house(s) out. Not sell.

At the end of the segment, Leslie Stahl was interviewing the head of the largest of these corporate landlords and asks if he is making home ownership a more expensive. This asshole responds that he feels he is making home ownership more affordable! To make that worse, there was NO pushback by Stahl. None! I’m sitting there, just incredulous.

That night, I lost a lot of respect for Stahl, and by extension, 60 Minutes.