. >> in lawrenceville, georgia -- the prices may at first seem high. but this is a bargain hunt. on the block are homes that have been seized by the banks. it is all part of an enormous bet on what some consider the hottest new asset class on the street. america syntel family homes. the biggest players in this new game include new york's private equity giant blackstone through homes.sidiary invitation colony american homes, unit of $20 million investment fund. and american homes for rent. many of the houses they are buying up were, until recently, homes of along to families like this. they have been struggling with their monthly payments for some time when, in late september, they requested a third mortgage modification from their lender citigroup. >> everything was posted be on hold so we didn't even worry about it. >> but after what they say was just a days notice earlier this month, city mortgage sold their family home of 10 years to the highest bidder, blackstone. >> literally, it feels like our house was stolen. we were caught off guard. just in general. no notice, no anythi

. >> outside of this courthouse in lawrenceville, georgia, the auction bids fly big and fast. >> $120,000. >> 117. >> the prices may seem high, but for the multimillion dollar remake wheat g -- multimillion dollar private equity firm, this is a bargain hunt. it is part of an enormous bet on what some consider the hottest asset class on the street, america's single-family homes. the biggest players include new york private equity giant blackstone for its subsidiary, invitation homes. colony capital. in california-based american homes for rent. many of the houses they are buying were until recently homes that line to families like this. they have been struggling with monthly payments for sometime time when in late september they requested a third mortgage modification from the lender, citigroup. >> everything was supposed to be on hold. we didn't worry about it. >> after what the hardaways say was a days notice, citi mortgage sold their home to the highest bidder, black stone >. >> literally it is like our house was stolen. we were caught offguard just in general. no notice, know anything.

lawrenceville prep where the headmistress decided football was too dangerous and so they got rid of theoldest tackle football league in the country and they replaced it with a flag football league. in massachusetts, in newton, every year they have this powder puff girls football game that's a flag football game. sometimes it gets rowdy and out of hand but it is a flag football game. the principal of the school decided to ban it because flag football was too dangerous. so it's not going to stop with football. it's not going to stop with flag football. if you like some of the sport better, they may be coming after that one next. and let me just close with this. football has not grown the rough. the message of my book, and then is that society has grown too soft. thank you so much for coming out tonight. i appreciate it. [applause] >> thank you all. just a couple of closing notes. visit the following website, our sister group accuracy in media, www.ain't.org. -- aim.org. and our website, accuracy in academia.org. mr. flynn's website, flynnfiles.com. a variety of cultural, political observa

. >> outside of this courthouse in lawrenceville, georgia -- $128,000 -- >> the prices might seem highbut for multi-billion-dollar private equity firm, this is a bargain. sold the property and a block of homes seized by banks. art evan enormous bet on what some consider the hottest new on the street, america's single-family homes. the biggest players include five equity giant blackstone through colony capital, and california-based american homes for rent. many of the houses they are buying up were until recently homes that belongs to families like the heart of ways. they have been struggling for their monthly payments for some time when in late september they requested a third mortgage modification from their lender, citigroup. >> everything was supposed to be on hold. so we do not worry about it. >> after what they say was just a days notice earlier this month, the mortgage company sold the family home of 10 years to the highest bidder, blackstone. wasiterally like our house stolen. just in general -- no notice, no anything. >> this woman, acting as a proxy bidder, bought the house si

this happened in a school in new jersey, lawrenceville prep, where the head mistress decided football was too dangerous, and so they got rid of the old tackle football league in the country, and they replaced it with a flag football league. in massachusetts in newton, every year there was a powder puff football game that's a flag football game, it's out of hand, but it is flag football, and the principal of the school decided to ban it because flag football was too dangerous. it's not going to stop with football. it's not going to stop with flag football, and if you like some other sport better, they may come after that one next. let me just close with this. football has not grown too rough. the message of the book, "the war on physical" is that society has grown too soft. thank you so much for coming out tonight. i appreciate it. [applause] >> thank you, all. closing notes, visit the following website, our sister group, accuracy in media, www.aim.org, and our website accuracy and academia, academia.org. mr. flynn's website, flynnfiles.com. there's a variety of cultural, political obs

and we take a call from lawrenceville, georgia, now. it's republican line. hey, ed. >> caller: i think gregory ought to travel around a little bit more and see america. there's a lot of mauls that are doing -- malls that are doing badly. there's a lot of strip malls that are empty. a whole bunch of businesses are closing and are not reopening, and then yesterday i found out that the poor people who are going to be having to depend on -- they're going to be forced to take medicaid are going to be subject to confiscation of all their properties after they die -- property after they die because it's a welfare. states will have to recoup their money, so they're going to confiscate all the property of all these poor people. they won't even be able to leave an old television to their children. >> host: gregory ip. >> guest: i'm not familiar with what he's talking about, this provision in the medicaid program. but speaking of the estate of retail around the country, caller's absolutely right, there are a lot of pockets of the economy that have not recovered. the re