🚨THREAD: my gosh it over a trillion dollars....pensions and homes could be taken from you!!!! How fraudulent property tax hikes are triggering a CLO-fueled pension crisis — and recreating a 2008-style financial disaster with a new twist. CLOs = collateralized loan obligations, the new CDOs. There are local governments in numerous states inflating home appraisals by +30% or more, using bogus comps. Why? To boost property tax revenue — on paper. Most homeowners don’t even realize it. See yellow graph with the 15 most likely states doing this, in another tweet below. They have been doing this over the last 1-10 years.