However - and this is the big issue, when the Economy tanks, the Financial institutions holding housing property might not "fire sale" those properties, they will most likely continue to hold on and squeeze as much rent as they can before emptying the units and then either tear them down or sit on them as a depreciation, until the Economy either recovers, or the wealthy mofo's in charge of these "property funds" can divvy up the property amongst them and their friends, taking advantage any remaining employed or employable population desperate to live somewhere reasonably safe.
The risky practice of bundling mortgages and properties makes it difficult for the public-facing institutions - the banks themselves. That and the overvaluation of property is basically what caused the bubble burst of 2009.
The valuation of properties is higher than it should be but it's somewhat stable, lagging other inflation. That's the primary difference.
But for those investment funding organizations promoting the bundling to increase ROI - it's all an algorithm shared among the actual BOD, or the head Corporate Partners (in crime), and every other employee, even if they hold titles, is nothing but disposable tools to them.
It's a scavenger hunt game to them, whether the Economy thrives or collapses. Collect the most critical resources you can, and it doesn't matter what happens, you're always going to have the product everyone wants, and you can name your price.
The thinking is that while housing can cone and housing can go, but Land is always there - and they aren't making any more land.
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