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Started By
Message
Has the government's WAR ON HOMEOWNERSHIP begun?
Posted on 9/1/23 at 5:10 pm
Posted on 9/1/23 at 5:10 pm
Of course it's already begun
1. Abolition of private property in land and application of all rents of land to public purpose. Communist Manifesto:
Glen Beck Boob Tube
I found this particularly disturbing:
I copied from the transcript
1. Abolition of private property in land and application of all rents of land to public purpose. Communist Manifesto:
Glen Beck Boob Tube
I found this particularly disturbing:
quote:
(3:19 time stamp) um obviously the policies that followed the Great Recession financial crisis gave a ton of cheap available Capital to Wall Street it bailed out the banks and we know that uh Americans lost about 6 million homes to foreclosures and short sales and following that yeah I was going to say and and maybe this is the point you were going to make and they took that money from us and then they went out because they had so much money had to do something with it they bought up homes
yes so we obviously share a brain that's exactly what I was going to say
so before 2010 as we've talked about there was no meaningful Wall Street corporate institutional money in single the single family home market now core logic says at the end of 2022 more than one in every five homes in America is being bought by a corporate entity"
I copied from the transcript
11
Posted on 9/1/23 at 5:19 pm to Mellow Drama
One of the best ways for the middle class to build wealth has historically been home ownership and appreciation of said home. That has been buttfricked into oblivion in the last 20 years.
It’s really a war on the middle class.
It’s really a war on the middle class.
Posted on 9/1/23 at 5:28 pm to Mellow Drama
quote:
so before 2010 as we've talked about there was no meaningful Wall Street corporate institutional money in single the single family home market
Anyone who believes this is crazy
Posted on 9/1/23 at 5:59 pm to SDVTiger
They don't have to abolish it....just keep it out of the price range of most. High interest rates, inflated prices, stupid high taxes and insurance rates.....that will price 50% out of the ownership market.
Posted on 9/1/23 at 6:07 pm to ShoeBang
They have to eliminate the middle class to succeed in imposing their new world order. They are well on their way to doing it.
Posted on 9/1/23 at 6:18 pm to Mellow Drama
And I can't find any Republicans or Conservatives willing to speak up and share their solution to Single Family Homes market.
I've posted about this many times before. Blackrock and multinationals who have NO loyalty to the U.S. - along with China and other bad actors - need to be pushed out of the single family homes market and let families compete within the market.
But, I did hear ONE politician speak about recently - RFK, Jr., and he mentioned Blackrock and others. Unfortunately, in the same conversation, he wanted a government backed program for first time buyers with a guaranteed 3% interest rate proving he still is a Democrat - DEMs love picking winners and losers.
N Haley has brought up housing affordability for younger buyers, so I'm guessing her solution would be the same as Kennedys. All is needed is what I posted - get the multinationals and China out of the Single Family Home market and the market will take care of itself.
I've posted about this many times before. Blackrock and multinationals who have NO loyalty to the U.S. - along with China and other bad actors - need to be pushed out of the single family homes market and let families compete within the market.
But, I did hear ONE politician speak about recently - RFK, Jr., and he mentioned Blackrock and others. Unfortunately, in the same conversation, he wanted a government backed program for first time buyers with a guaranteed 3% interest rate proving he still is a Democrat - DEMs love picking winners and losers.
N Haley has brought up housing affordability for younger buyers, so I'm guessing her solution would be the same as Kennedys. All is needed is what I posted - get the multinationals and China out of the Single Family Home market and the market will take care of itself.
This post was edited on 9/1/23 at 6:20 pm
Posted on 9/1/23 at 6:19 pm to dakarx
quote:
They don't have to abolish it....just keep it out of the price range of most. High interest rates, inflated prices, stupid high taxes and insurance rates.....that will price 50% out of the ownership market.
Yup. Once rates drop abd they will soon prices will go up another 10-20% and that have already gone up 5% heaindg for 8-10% for the year
The middle class will need to beg for a 2008 again
Posted on 9/1/23 at 6:22 pm to SDVTiger
OK, show us some data.
quote:
Anyone who believes this is crazy
Posted on 9/1/23 at 6:36 pm to ShoeBang
Blame the consumer. During the pandemic we had low interest rates and a lot of people with nothing much better to do with themselves or their money. So they went and bought residential real estate in the existing home market.
With stupid low rates, buyers could afford to buy more or pay premium for properties due to a perceived scarcity. Therefore sellers responded by using their asking price as a result the median prices of homes shot up .
The only way out of this is to bring new homes onto the market. There is a scarcity of supply currently that corporations have helped along no doubt but the individual consumer and their buying frenzy in 2020-21 does deserve blame.
With stupid low rates, buyers could afford to buy more or pay premium for properties due to a perceived scarcity. Therefore sellers responded by using their asking price as a result the median prices of homes shot up .
The only way out of this is to bring new homes onto the market. There is a scarcity of supply currently that corporations have helped along no doubt but the individual consumer and their buying frenzy in 2020-21 does deserve blame.
Posted on 9/1/23 at 6:36 pm to IronMikeD
the current value of US houses is around $47 trillion, and there has been a small decline in that truly unthinkably massive number.
if that's a war on home ownership, it's not going well for "the government," which massively subsidizes home ownership.
this thread is nonsense.
TD is becoming like boomer Facebook with constant fake outrage.
LINK
if that's a war on home ownership, it's not going well for "the government," which massively subsidizes home ownership.
this thread is nonsense.
TD is becoming like boomer Facebook with constant fake outrage.
LINK
Posted on 9/1/23 at 6:48 pm to attaboyMD
You are a clown. Home prices are based upon what the market will bear. They will bear a $47T market cap apparently. What has changed is Wall Street’s strategy of wanting to own the debt. Now they prefer to own the real estate.
Posted on 9/1/23 at 6:51 pm to attaboyMD
quote:
if that's a war on home ownership, it's not going well for "the government," which massively subsidizes home ownership.
Supply of housing is down. You can call it a war or something else but it's not good.
quote:
this thread is nonsense.
Not really. The housing market is awful.
Posted on 9/1/23 at 6:58 pm to BuzzSaw 12
quote:
They have to eliminate the middle class to succeed in imposing their new world order. They are well on their way to doing it
They have been working on this at least since the 60's with Cloward-Piven Strategy.
Amazing, people like that have the Freedom to plan ways to overthrow and destroy the American Experiment whereas they would not hesitate to throw those of us who oppose yet tolerate them into a Gulag, right?
Posted on 9/1/23 at 7:06 pm to Mellow Drama
No one brings up the effects open borders has had on home prices. How many millions of people have illegally entered the country over the last few years? Most of them are not homeless. I would guess they are mostly in apartments and cheap houses or trailers but still that is a lot of available housing being taken up by them.
Posted on 9/1/23 at 7:08 pm to attaboyMD
The question was whether Blackrock and others were pouring the same among of money into the housing market before 2010 that they are now. Neither of you provided data to support that. Nonsense is what you posted.
Posted on 9/1/23 at 7:13 pm to KiwiHead
Not true. Ask some mortgage people how much was being bough up by Blackrock and other multinationals between 2020 and this year.
Competition is good, but no consumer can compete with Blackrock. Not possible - without prices going way up. Force Blackrock, multinationals, China et al out and you would have sufficient supply on the market.
Competition is good, but no consumer can compete with Blackrock. Not possible - without prices going way up. Force Blackrock, multinationals, China et al out and you would have sufficient supply on the market.
quote:
The only way out of this is to bring new homes onto the market.
This post was edited on 9/1/23 at 7:17 pm
Posted on 9/1/23 at 7:54 pm to Mellow Drama
Started in 08 when Obama became president and said , “ you don’t own that , you didn’t earn that” . And what do you know , the republicans sat in their hands then too. Who knew !
Posted on 9/1/23 at 8:57 pm to Mellow Drama
I own my house outright. They can come try to take it
Posted on 9/1/23 at 9:31 pm to Mellow Drama
I just can't watch Beck when he wears that stupid Lone Ranger bandana around his neck.
Posted on 9/2/23 at 8:18 am to deltaland
quote:
I own my house outright. They can come try to take it
Miss a dime from you annual tax bill and they will bring 4 times the needed armed thugs to remove you from 'THEIR' property.
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