Warren, Who Flipped Foreclosed Homes for Profit, Laments Lack of Affordable Housing

Source: https://freebeacon.com/politics/warren-who-flipped-foreclosed-homes-for-profit-laments-lack-of-affordable-housing/
Published: Nov 21, 2019
Author: staff
Post Date: 2019-11-21 08:15:22 by Horse
Views: 613

Sen. Elizabeth Warren (D., Mass.), who previously bought foreclosed properties to turn a quick profit, lamented the lack of affordable housing during Wednesday's presidential primary debate.

"Our housing problem in America is a problem on the supply side," she said in reply to a question from MSNBC debate moderator Kristen Welker. "And that means the federal government stopped building new housing a long time ago, affordable housing."

"So I've got a plan for 3.2 million new housing units in America," Warren added. "Those are housing units for working families, for the working poor, for the poor poor, for seniors who want to age in place, for people with disabilities."

Warren made no acknowledgment of her history of house-flipping. In the 1990s, Warren, then a law professor at Harvard, made hundreds of thousands of dollars rehabbing homes she bought at rock-bottom prices. As the Boston Herald first reported in 2012, Warren bought up properties on the cheap in her native Oklahoma and resold them at higher prices, including two foreclosed properties. In one instance in 1993, Warren bought a home from an ailing grandfather for a mere $30,000. Five months later, she resold the house for $145,000.

In that instance, Warren invested in fixing up the home for quick sale. But National Review reported in 2015 that "records suggest she sold others at a significant profit without making any meaningful upgrades."

Warren's history of house flipping briefly became a flashpoint in the 2016 election after she said that President Donald Trump was "drooling over the idea of a housing meltdown because it meant he could buy up a bunch more property on the cheap."

"Goofy Elizabeth Warren, sometimes known as Pocahontas, bought foreclosed housing and made a quick killing," Trump responded in typical Twitter form. "Total hypocrite!"


Poster Comment:

She will flood us with so many illegal aliens that it does not matter if she can subsidize 3 million housing units.

Post Comment   Private Reply

#1: noone222    To: Horse (#0)

"Total hypocrite!"

This comment applies to Washington, D.C. (Washington, Demon Center)

noone222 posted on 2019-11-21 08:52:38   Reply   Private Reply


#2: NeoconsNailed    To: Horse (#0)

Hope the invaders strangle her soon.

NeoconsNailed posted on 2019-11-21 11:34:51   Reply   Private Reply


#3: Lod    To: Horse (#0)

Better a house-flipper than a politician.

Lod posted on 2019-11-21 17:41:48   Reply   Private Reply


#4: Dakmar    To: Lod (#3)

Dollars to doughnuts she was using minority small business loans to buy properties.

Dakmar posted on 2019-11-21 17:44:46   Reply   Private Reply


#5: StraitGate    To: Horse (#0)

Warren, Who Flipped Foreclosed Homes for Profit...

Maybe she didn't really mean to do it. Sometimes a teepee will flip all by itself if the wind is strong enough.

StraitGate posted on 2019-11-21 20:55:04   Reply   Private Reply


#6: Esso    To: Dakmar (#4)

Dollars to doughnuts she was using minority small business loans to buy properties.

You need to be disposed of shortly, sir.

Esso posted on 2019-11-22 04:59:05   Reply   Private Reply


#7: BTP Holdings    To: Horse (#0)

"So I've got a plan for 3.2 million new housing units in America," Warren added. "Those are housing units for working families, for the working poor, for the poor poor, for seniors who want to age in place, for people with disabilities."

And a chicken in every pot. ;)

BTP Holdings posted on 2019-11-22 07:43:36   Reply   Private Reply