The hypocrisy of Elizabeth Warren is astounding. Her net worth is reported to be $12M, and she made a lot of money flipping houses that people lost when they couldn’t pay their mortgages.
Yes, the Foreclosure Queen really cares about “the little people.”
Via Free Beacon.
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.
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.”….