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re: Blackrock is buying every single-family house they can & paying 20-50% above asking price
Posted on 6/10/21 at 11:47 am to Nigel Farage
Posted on 6/10/21 at 11:47 am to Nigel Farage
quote:
, you think the cries for socialism are bad now?
This looks like a recipe for communism. The government is involved here.
0
Posted on 6/10/21 at 11:51 am to LSUFanHouston
quote:Uniparty
Both Dems and GOP politicians are part of this.
Posted on 6/10/21 at 11:55 am to LSUFanHouston
quote:
I'd argue that the lesson from 2008 is that the government fully believes in "too big to fail" and will protect big companies under the guise of helping the little guy.
They believe it because it's true. You don't bail them out and the whole system collapses. Blackrock is actively using that fact for leverage. It's unsustainable.
We still have one more ride through this left in us though. That is the real wager they are making.
Posted on 6/10/21 at 11:58 am to stout
My concern regarding the increasing percentage of single family homes being purchased by investors is what finally got me to pull the trigger on buying my first house. As insane as the merry go round currently is, it may continue speeding up such that most people simply can't jump on. So I figured it was better to make the leap now than run the risk of waiting.
Posted on 6/10/21 at 11:59 am to jrobic4
quote:
You must know nothing about BlackRock. They are huge proponents of environmental change, black lives matter, and a laundry list of liberal/socialist causes
I think you are missing the point. Once the middle class is forced out of home ownership more and more middle class citizens may acquire socialist's views if they believe the system is rigged against them (it is)
Posted on 6/10/21 at 12:01 pm to hubertcumberdale
quote:
Once the middle class is forced out of home ownership more and more middle class citizens may acquire socialist's views if they believe the system is rigged against them (it is)
Its a government created disaster. So, you're saying people are too dumb to make this connection? Why would you want MORE of it?
Posted on 6/10/21 at 12:08 pm to RogerTheShrubber
quote:
So, you're saying people are too dumb to make this connection?
Yes
quote:
Why would you want MORE of it?
Why would I want more of what?
Posted on 6/10/21 at 12:10 pm to hubertcumberdale
Are we talking middle class as in less than $100,000 household income for a married couple or more like middle class less than $250,000 household income?
Posted on 6/10/21 at 12:14 pm to stout
Stout, this is one of the best threads ever. This is exactly how a huge chunk of The Great Reset it going to happen. The United States of America is absolutely committed to making The Great Reset happen.
Posted on 6/10/21 at 12:17 pm to Champagne
I'm amazed more people just don't give a shite about this. Until it's too late.
Posted on 6/10/21 at 12:20 pm to When in Rome
quote:
That reminds of the book Snow Crash where every neighborhood is it's own corporately owned town. This post was edited on 6/10/21 at 12:20 pm
Posted on 6/10/21 at 12:21 pm to Champagne
quote:
This is exactly how a huge chunk of The Great Reset it going to happen.
Yep. Corporatism, technocracy...its all there.
Government, media and corporation have combined into one.
Posted on 6/10/21 at 12:22 pm to BottomlandBrew
Welcome to Costco, I love you.
Carl's Jr, Mississippi
Buttfrickers, California
Starbucks, Oregon
Carl's Jr, Mississippi
Buttfrickers, California
Starbucks, Oregon
Posted on 6/10/21 at 12:27 pm to RogerTheShrubber
quote:
Yep. Corporatism, technocracy...its all there.
Yep, much worse than run of the mill Socialism
Posted on 6/10/21 at 12:30 pm to LSUfan20005
quote:
Yep, much worse than run of the mill Socialism
Yep. I think it leads to socialism though. Government isn't dumb and realizes the higher education, stock and housing bubbles will collapse. Theyre prepared to take it on.
Posted on 6/10/21 at 12:30 pm to Oates Mustache
quote:
I'm amazed more people just don't give a shite about this. Until it's too late.
What are they supposed to do? Call their congressmen?
Remember when the housing bubble burst? We The People melted down congressional phone lines with an unprecedented amount of negative feed back to bills they were considering to bail out the banks. As soon as the pork was added to the bill they passed it and stuck the tax payers with the banks gambling debts. They went against what the people they allegedly "represent" very clearly told them they wanted to happen.
Posted on 6/10/21 at 12:39 pm to TigerinATL
there is nothing nefarious about what Blackrock or the 100s of other similar investors are doing
if you've ever rented a single family home, it is almost impossible to make a decent annual return without home price appreciation -- if you own several, you can lower your annual cost of maintenance, finding new tenants, evictions, though a real estate management company
the real estate investors aren't doing this for the pure purpose of real estate appreciation - they are doing this for margin - monthly income over monthly cost...the only reason they can pay above market right now is because...mmkt returns are basically zero right now
you have tons of investors that are buying these funds, your everyday mmkt fund, sovereign funds over seas, your companies pensions, state and municipal pensions
this is just another form of investing
if you've ever rented a single family home, it is almost impossible to make a decent annual return without home price appreciation -- if you own several, you can lower your annual cost of maintenance, finding new tenants, evictions, though a real estate management company
the real estate investors aren't doing this for the pure purpose of real estate appreciation - they are doing this for margin - monthly income over monthly cost...the only reason they can pay above market right now is because...mmkt returns are basically zero right now
you have tons of investors that are buying these funds, your everyday mmkt fund, sovereign funds over seas, your companies pensions, state and municipal pensions
this is just another form of investing
Posted on 6/10/21 at 12:52 pm to hubreb
quote:
you have tons of investors that are buying these funds, your everyday mmkt fund, sovereign funds over seas, your companies pensions, state and municipal pensions
this is just another form of investing
If we’re coming from some random corporation and not one that is notorious for pushing great reset ideals and actual communism (I’m not saying communism is the worst thing ever/ Marxist/socialist, whatever the right’s boogeyman is, it’s genuine communism) where they’re aiming for no ownership.
It’s not investing, it’s Cloward-Pivening it.
Same thing as current unemployment benefits, health care, college loans, no cash bail, etc.
People are manipulating outcomes to push our current systems to the max. Then they can say “see we told you it was broken. Let’s rebuild it from the ground up. Totally ignore the fact that we were in charge of the government, schools, media, Wall Street, etc. last time. it will totally be equitable now that we have the money.”
Posted on 6/10/21 at 1:00 pm to 3nOut
Blackrock is the definition of capitalism - they have grown into the largest asset manager in the world
Posted on 6/10/21 at 1:00 pm to hubreb
quote:
you have tons of investors that are buying these funds, your everyday mmkt fund, sovereign funds over seas, your companies pensions, state and municipal pensions
this is just another form of investing
i think most people would feel better, at least about the meta, if these "investors" agreed to never accept government payment for these homes
if these companies are relying, ultimately, on the public supporting them, then they lose the "investor" argument entirely
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