- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
re: Blackrock is buying every single-family house they can & paying 20-50% above asking price
Posted on 6/10/21 at 6:27 pm to Centinel
Posted on 6/10/21 at 6:27 pm to Centinel
quote:
It irritates me that I have to agree with you. And it's highly amusing to watch people high five each other about their amazing 401k, 403b, IRA, and pension returns while simultaneously bitching about the practices of the corporations that are providing their returns. Most americans: I DEMAND AMAZING 401K PROFITS!!! Same americans: Y U DO THIS CORPORATE AMERICA!!!
Not really, they’ve lost the pensions of millions but the govt keeps bailing them out. When the govt falls and no longer prints endless money then they’ll wish they had paid attn.
They’re the same ones responsible for making 2008 crash worse. They also hurt and destroy many good businesses and retail investors by shorting the share price into the ground.
This post was edited on 6/10/21 at 6:29 pm
1
Posted on 6/10/21 at 6:29 pm to latxwoman
quote:
All of his "owners" of the loans are investors. He's not collecting for banks any longer, it's companies like this
If that is recent, it is because of the Covid eviction moratorium
Posted on 6/10/21 at 6:35 pm to hubreb
quote:
One buddy (multi millionaire) was part of a group that bought several neighborhoods after the financial crisis...they probably owned 5000+ homes, another buddy and his group own 500+ homes in Memphis, and lastly another couple buddies buy around 10 homes a year, once all are in good shape and occupied they flip them to a group out of London that buys tons of US homes and builds SIVs specifically for sovereign funds
The 2008/2009 financial meltdown morphed into an elaborate scam. Huge banks wanted to clear their books of MBS and other underwater real estate investments so they worked with the Central banks/Fed. When millions of people walked away from their homes the institutional real estate investors got cheap money to buy distressed properties at a 40-60% discount. You gotta love crony capitalism.
Posted on 6/10/21 at 6:41 pm to LSUAngelHere1
quote:
Not really, they’ve lost the pensions of millions but the govt keeps bailing them out. When the govt falls and no longer prints endless money then they’ll wish they had paid attn.
They’re the same ones responsible for making 2008 crash worse. They also hurt and destroy many good businesses and retail investors by shorting the share price into the ground.
Your post in no way, shape or form has anything to do with what I posted.
Based on your other posts in this thread, you might want to take the tinfoil off.
Posted on 6/10/21 at 6:42 pm to Bass Tiger
quote:
When millions of people walked away from their homes the institutional real estate investors got cheap money to buy distressed properties at a 40-60% discount.
You are close, but your time line is off..."institution's" didn't come in to buy the distressed properties..it was smaller groups of retail investors, who then flipped to Reits 5 years later...almost everyone involved in SFH big time went out of business, the Private Equity that bought the failing banks did extremely well
This post was edited on 6/10/21 at 6:44 pm
Posted on 6/10/21 at 8:03 pm to latxwoman
quote:It's literally been going on en masse since the financial crisis of 08/09. Several companies have even gone public with their portfolios in the past 10 years. All of this handwringing is nothing new. The only thing that appears to have changed around here is that Biden is president, so therefore Wall Street is evil again.
My husband does Mortgage Collections/loss mitigation for a loan servicing company. All of his "owners" of the loans are investors. He's not collecting for banks any longer, it's companies like this.
He's been working at this company for 3 years, so this is not new.
But seriously - rental real estate for institutional investors is supposed to be news? The OP is a drama queen.
Posted on 6/10/21 at 8:07 pm to Bass Tiger
quote:
The 2008/2009 financial meltdown morphed into an elaborate scam. Huge banks wanted to clear their books of MBS and other underwater real estate investments so they worked with the Central banks/Fed. When millions of people walked away from their homes the institutional real estate investors got cheap money to buy distressed properties at a 40-60% discount. You gotta love crony capitalism.
Anyone with cash could do this. Also plenty of ppl bought in very low and have tripled their equity since
Posted on 6/10/21 at 8:18 pm to When in Rome
quote:
Fair enough. It might be valid to question the use of electricity to mine Bitcoins, but I would suggest that her rush to suggest a centralized digital currency to replace bitcoin betrays her agenda and might reveal that she is more concerned with power consolidation than with energy conservation.
Yeah, I found that part about a central bank pretty sinister. It also misses the point of Bitcoin pretty profoundly
Posted on 6/10/21 at 9:13 pm to CelticDog
quote:
the bottom line profit this quarter is a stupid way to run the world.
This is the root of a lot of our society’s problems with regards to corporate America.
Posted on 6/10/21 at 9:29 pm to LanierSpots
quote:
I am in the process of selling my home to Open Door as we speak. I had my final inspection today. We have an initial offer and will get a final offer within a week.
They are offering a frick ton more than I ever thought I would get for my house. Could have a check in as little as 13 days.
We’re you already planning on selling? Why’d you choose them?
Posted on 6/10/21 at 9:35 pm to stout
Do you have their number?
Because if they’re paying 50% above ask, then they can come buy mine.
Because if they’re paying 50% above ask, then they can come buy mine.
Posted on 6/10/21 at 9:39 pm to RummelTiger
Just sold in Dripping for 40% above ask...
Posted on 6/11/21 at 5:17 am to Buzzed
quote:
We’re you already planning on selling? Why’d you choose them?
yes, we were getting ready to sell and had already started talking to a agent. I have a friend who is flipping homes and told me about them. I had actually never heard of them. Very simple process and no showing of your house to people. I work from my house so having to leave everytime someone came to show it would have been a hassle.
Go online, get a initial offer, do a zoon walk through on your phone, they send someone out to look at the exterior and then a final offer.
Worked great and we got more than the agent was even going to list our home for. Plus we negotiated a 90 day closing so we had more time to get our shite together.
Very happy with the process..
Posted on 6/11/21 at 6:59 am to LanierSpots
quote:
I work from my house so having to leave everytime someone came to show it would have been a hassle.
Is this a new phenomenon? Maybe I'm remembering wrong, but I think that when my parents were looking at houses the seller was often present during the showing.
I don't see what's wrong with this. If I were trying to sell my house, I wouldn't have a problem with just being quiet and staying out of the buyer's / agent's way for a half hour or so while they walked through my house.
Maybe people are just a lot more asocial now?
Posted on 6/11/21 at 7:03 am to USMEagles
quote:
I think that when my parents were looking at houses the seller was often present during the showing.
Statistics show that a buyer is less likely to give your house a thorough walk-through when the seller is present during a showing which leads to them being less likely to make an offer.
Posted on 6/11/21 at 7:05 am to stout
quote:
Statistics show that a buyer is less likely to give your house a thorough walk-through when the seller is present during a showing which leads to them being less likely to make an offer.
I don't doubt it, but I don't run the numbers on every stupid little decision I face in life.
Posted on 6/11/21 at 7:05 am to Centinel
quote:
It irritates me that I have to agree with you. And it's highly amusing to watch people high five each other about their amazing 401k, 403b, IRA, and pension returns while simultaneously bitching about the practices of the corporations that are providing their returns. Most americans: I DEMAND AMAZING 401K PROFITS!!! Same americans: Y U DO THIS CORPORATE AMERICA!!!
Did you forget what you said? My reply was directly in response to what you said.
quote:
Not really, they’ve lost the pensions of millions but the govt keeps bailing them out. When the govt falls and no longer prints endless money then they’ll wish they had paid attn. They’re the same ones responsible for making 2008 crash worse. They also hurt and destroy many good businesses and retail investors by shorting the share price into the ground.
Posted on 6/11/21 at 7:26 am to LSUAngelHere1
And it has nothing to do with what I said. I'm not talking about BlackRocks's specific practices. I'm talking about how your average idiot demands amazing investment returns while also bitching about what those corporations do to provide those returns.
Posted on 6/11/21 at 7:38 am to stout
quote:
Statistics show that a buyer is less likely to give your house a thorough walk-through when the seller is present during a showing which leads to them being less likely to make an offer.
The seller and buyer meeting is also on occasion a deal breaker. People who would never think about it become oddly possessive of a house they are trying to sell when they don't like the potential buyer for some reason and buyers don't like to enrich sellers that they don't like.
Posted on 6/11/21 at 7:39 am to USMEagles
quote:
don't doubt it, but I don't run the numbers on every stupid little decision I face in life.
Agents do which is why it's suggested during showings. It's a singular decision. Also, I believe there is some psychology involved. Usually, a stranger isn't going to feel like they can comfortably criticize, comment out loud etc or take a full gander around knowing a seller is close by.
Page 13 of 14
Popular
Back to top
Follow TigerDroppings for LSU Football News