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<blockquote data-quote="Oerdin" data-source="post: 198192" data-attributes="member: 128">Speaking of corruption and cronyism in California check out this absurdly horrible news state law.[URL unfurl=&quot;true&quot;]https://www.google.com/amp/s/www.sbsun.com/2020/09/29/new-california-law-gives-people-nonprofits-first-dibs-on-foreclosures/amp/[/URL]Now, on the surface it sounds nice, especially if you are a well meaning&nbsp; but extremely ignorant leftist,&nbsp; but in reality this is going to mean that politically connected groups are going to be able to monopolize all foreclosed property purchases in the state and buy at prices vastly below market rate because 95% of the population will not be allowed to submit a bid.&nbsp; It is classic corruption by the political class, on a massive scale, and every property owner or financial investor will be harmed.Don't worry though because the politically connect will get very rich off this elimination of the free market.</blockquote>

[QUOTE="Oerdin, post: 198192, member: 128"] Speaking of corruption and cronyism in California check out this absurdly horrible news state law. [URL unfurl="true"]https://www.google.com/amp/s/www.sbsun.com/2020/09/29/new-california-law-gives-people-nonprofits-first-dibs-on-foreclosures/amp/[/URL] Now, on the surface it sounds nice, especially if you are a well meaning but extremely ignorant leftist, but in reality this is going to mean that politically connected groups are going to be able to monopolize all foreclosed property purchases in the state and buy at prices vastly below market rate because 95% of the population will not be allowed to submit a bid. It is classic corruption by the political class, on a massive scale, and every property owner or financial investor will be harmed. Don't worry though because the politically connect will get very rich off this elimination of the free market. [/QUOTE]

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