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Started By
Message
re: Blackrock will own 70% of Homes in 6 years. We will own nothing.
Posted on 10/22/23 at 2:07 am to POTUS2024
Posted on 10/22/23 at 2:07 am to POTUS2024
quote:
Prior to covid I think the big 3 (blackrock statestreet vanguard) controlled about $15T in capital. After covid it has gone up to about $22T.
That's a 50% growth in about 3 years. Seems feasible for them to get that much housing in their portfolios pretty soon.
Good lord some of you are gullible stooges. So the three largest investors (combined, not just blackrock alone) will maybe have enough capital in three years (because post-covid growth will be the norm
) and then they will liquidate ALL that accumulated capital (no more stocks, bonds, other assets) to buy US homes (through voluntary transactions) and then...profit? What is the end goal? To make us homeless? No one is going to sell their home unless they have purchased (or have a purchase agreement for) a new place to live.
Raise the price with monopolistic power? Nope, plenty of land and plenty of lumber to build more. Plus if the price is too high, people just won't move.
It's just the paranoid ravings of someone who has a little knowledge but even less sense. I know the world is complex and hard to understand and therefore scary, but for goodness sake man, use a little of the common sense the good Lord gave you.
3
Posted on 10/22/23 at 2:26 am to BigJim
quote:
Good lord some of you are gullible stooges. So the three largest investors (combined, not just blackrock alone) will maybe have enough capital in three years (because post-covid growth will be the norm ) and then they will liquidate ALL that accumulated capital (no more stocks, bonds, other assets) to buy US homes (through voluntary transactions) and then...profit? What is the end goal? To make us homeless? No one is going to sell their home unless they have purchased (or have a purchase agreement for) a new place to live. Raise the price with monopolistic power? Nope, plenty of land and plenty of lumber to build more. Plus if the price is too high, people just won't move. It's just the paranoid ravings of someone who has a little knowledge but even less sense. I know the world is complex and hard to understand and therefore scary, but for goodness sake man, use a little of the common sense the good Lord gave you.
Baw without looking at the numbers of exactly how many residences were bought by publicly traded companies that have shares owned by who knows I would guess that is almost on par with the number of Brazilians who bought houses in Florida the last five years.
We let foreigners buy houses here. The freakin chinese bought the Waldorf Astoria. Try buying a house in Italy, France, or Spain.
Posted on 10/22/23 at 2:55 am to BigJim
quote:
So the three largest investors (combined, not just blackrock alone) will maybe have enough capital in three years (because post-covid growth will be the norm
While the current economy sucks they continue to prosper. They are in position to take advantage of tough times for others, so yeah, extraordinary growth is going to be the norm for them. Every time there are problems in the US economy they profit massively. They already have reconstruction plans for Ukraine, and if Democrats / Uni-party types stay in charge, that's going to be another massive explosion in wealth for them.
quote:
and then they will liquidate ALL that accumulated capital (no more stocks, bonds, other assets) to buy US homes (through voluntary transactions) and then...profit?
They wouldn't need to liquidate everything, just as you wouldn't need to liquidate everything in order to make purchases. They already own a ton of stuff. Fabricating such an absurd premise is a good indicator that you have no argument here.
quote:
What is the end goal? To make us homeless? No one is going to sell their home unless they have purchased (or have a purchase agreement for) a new place to live.
The goal is ownership for them, and no ownership for us. People sell all the time without having a new place to live. In a bad economy they do it quite frequently. You know this but you think everyone else is too stupid to see through your framing.
quote:
Raise the price with monopolistic power? Nope, plenty of land and plenty of lumber to build more. Plus if the price is too high, people just won't move.
Oh, so you think they're just buying property for no reason at all, right? Probably going to donate it all to the poor, aren't they?
quote:
It's just the paranoid ravings of someone who has a little knowledge but even less sense. I know the world is complex and hard to understand and therefore scary, but for goodness sake man, use a little of the common sense the good Lord gave you.
Using insults as a summation. This confirms you have no facts and no argument here.
Posted on 10/22/23 at 8:34 am to BigJim
quote:
What is the end goal?
Reality is we will always need homes and there is finite space in the major metro areas to build. So if you buy every house in a city - a lofty goal I realize - people will still want to live there, but they simply have to rent. if you own all the houses, they rent from you in perpetuity. Do that in several cities and you have infinite revenue flow. It's not evil or nefarious, it's simply a business plan.
If you want to lean a little more to the conspiracy side, they want to have complete control over you so by owning the house they can do things like control the thermostat, control what appliances can be put in, and throw you out on the street if they you express unpopular views or don't take a government mandated medicine.
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