That only works as a calculus if you ignore the immense harm done in the foreclosure process to former residents and their communities. This is especially true in communities where the foreclosure process hit really hard. It is entirely possible for an action to be both socially destructive, evil, legal, and a fiscally sound choice for an individual. We rightfully attack IBM for their WW2 era actions even though they made a lot of money. Just because something is legal and profitable doesn’t make it right. Come to Cleveland and drive through Slavic Village with me some time to get an idea of the damage foreclosure vultures have done.
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