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Letters: Wall Street's latest real-estate game

February 19, 2013

Re "Home seekers edged out in Inland market," Feb. 17

On the one hand, it is truly heartbreaking to read that the efforts of qualified young professionals to buy homes are being thwarted by investors offering all cash, "some backed by Wall Street war chests." On the other, it is absolutely revolting that greedy investors are so anxious to flip properties and make even more money that they are cheating the next generation of what they themselves are so lucky to enjoy: homeownership.

"War chests" — interesting choice of words. Are we to conclude that this is yet another example of the war being waged by the rich on the middle class and the poor?

Isabel Downs

Santa Barbara

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