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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 10:31 am to stout
Posted on 6/10/21 at 10:31 am to stout
How did we get here?
Fed government dumping waaaaay more money into the economy than what was needed.
Fed government artificially keeping interest rates low.
All of this creates a bubble. Major investors like Black Rock can buy and hold for the long term at ever increasing prices, because they are getting to borrow money even cheaper than your average mortgage.
Then, if the whole damn thing pops, the fed government will step in and bail out, because they would not want the banks foreclosing on the houses which would cause the renters to get kicked out (through no fault of their own).
The same mentality that causes us to ask our government for a $1,200 stimulus check, is what allows the government to grow ever larger and put in policies that allow things like this to happen.
Black Rock knows that if they win, they reap the benefits, and if they lose, the government will bear the loss.
If the government would have not had so many shutdowns, not thrown so much money in the economy, and allow interest rates to function at market, none of this would be happening.
Both Dems and GOP politicians are part of this.
People want the government to manipulate the economy to help the little guy, but get all mad when those policies actually end up screwing the little guy and helping the big guy.
Fed government dumping waaaaay more money into the economy than what was needed.
Fed government artificially keeping interest rates low.
All of this creates a bubble. Major investors like Black Rock can buy and hold for the long term at ever increasing prices, because they are getting to borrow money even cheaper than your average mortgage.
Then, if the whole damn thing pops, the fed government will step in and bail out, because they would not want the banks foreclosing on the houses which would cause the renters to get kicked out (through no fault of their own).
The same mentality that causes us to ask our government for a $1,200 stimulus check, is what allows the government to grow ever larger and put in policies that allow things like this to happen.
Black Rock knows that if they win, they reap the benefits, and if they lose, the government will bear the loss.
If the government would have not had so many shutdowns, not thrown so much money in the economy, and allow interest rates to function at market, none of this would be happening.
Both Dems and GOP politicians are part of this.
People want the government to manipulate the economy to help the little guy, but get all mad when those policies actually end up screwing the little guy and helping the big guy.
2
Posted on 6/10/21 at 10:39 am to georgia
quote:
The Obama administration was trying toward the end of their tenure to inject as many section 8 rentals into the middle to upper-class neighborhoods as possible. This is probably their way to get it done.
This is literally my main and maybe only reason for voting red.
Posted on 6/10/21 at 10:47 am to stout
quote:
Do your research on what the great reset is. They want to kill the middle class. It's like the precursor to some Hunger Games shite.
Exactly. People thinking about this move as an investment strategy that may or may not pay off are missing the point. The point is to destroy the system and create a corporatocracy; they want to move everyone into "smart cities" and this is how they remove home ownership.
Tons of implications in their plans...
Good Article
Posted on 6/10/21 at 11:00 am to BluegrassBelle
quote:
We bought back in December and last week has one of these investment corporations reach out wanting to purchase our not for sale home. So they’re not just sticking to houses on the market.
I get those calls and emails, and even similar inquiries about my car (pics on NASIOC).
Posted on 6/10/21 at 11:04 am to upgrayedd
quote:
The Obama administration was trying toward the end of their tenure to inject as much section 8 rentals into middle to upper class neighborhoods as possible. This is probably their way to get it done.
Literally dead center in Uptown Park
Those businesses would've all gone under had it happened.
Posted on 6/10/21 at 11:04 am to LSUfan20005
quote:
Tons of implications in their plans...
Good Article
This is chilling...
quote:
“Dystopian scenarios are not a fatality […] the genie of tech surveillance will not be put back into the bottle” — Klaus Schwab, WEF
Basically admitting what we have already suspected regarding the future (a technocracy) but also saying its too late to turn back.
Posted on 6/10/21 at 11:08 am to LSUfan20005
quote:
The point is to destroy the system and create a corporatocracy; they want to move everyone into "smart cities" and this is how they remove home ownership.
Posted on 6/10/21 at 11:10 am to stout
I had seen a video recently, can't remember where, that some of the proposed new tax codes cap the value of developers who own and build apartment complexes. The guy was saying that since it caps it expect to see developers start to buy single family homes and use them for rentals so they can keep their tax breaks. It seems to me that anything the US government tries to do to help the everyday American somehow ends up hurting them instead and creating more corporate money. If I can find the video again, I will link it.
Posted on 6/10/21 at 11:12 am to chris911guy
quote:
It seems to me that anything the US government tries to do to help the everyday American somehow ends up hurting them instead and creating more corporate money.
That tends to happen when your government is full of idiots. Bought and paid for idiots at that.
Posted on 6/10/21 at 11:18 am to chris911guy
quote:
had seen a video recently, can't remember where, that some of the proposed new tax codes cap the value of developers who own and build apartment complexes. The guy was saying that since it caps it expect to see developers start to buy single family homes and use them for rentals so they can keep their tax breaks. It seems to me that anything the US government tries to do to help the everyday American somehow ends up hurting them instead and creating more corporate money.
Yup. EVERYTHING the government does, outside basic military protection, gets screwed up.
Posted on 6/10/21 at 11:20 am to Meauxjeaux
quote:
When Uncle Sam is the renter, the payment is always on time.
This is what many aren’t considering. This is a way to give tax dollars directly to their friends, family, etc. They would love for everyone that isn’t an “elite” to be a renter.
Posted on 6/10/21 at 11:23 am to LSUFanHouston
quote:
Black Rock knows that if they win, they reap the benefits, and if they lose, the government will bear the loss.
Bingo. The lesson of the 2008 housing crisis has not been learned. This will continue to happen over and over until it is or the whole thing goes bust. Sad thing is that when the lesson is learned, will be when it all goes bust. We already lit the fuse. Now we are just waiting.
This post was edited on 6/10/21 at 11:27 am
Posted on 6/10/21 at 11:25 am to V Bainbridge
quote:Then you can buy much cheaper, after the correction.
until it is or the whole thing goes bust.
Posted on 6/10/21 at 11:28 am to stout
Part of the reason I moved out of the burbs and bought land 13 years ago.
Posted on 6/10/21 at 11:34 am to V Bainbridge
quote:
Bingo. The lesson of the 2008 housing crisis has not been learned. This will continue to happen over and over until it is or the whole thing goes bust. Sad thing is that when the lesson is learned, will be when it all goes bust. We already lit the fuse. Now we are just waiting.
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.
I think that lesson was pretty well learned, actually
Posted on 6/10/21 at 11:37 am to stout
Yeah my neighborhood is getting bought up by a rental company. Wife and I will just have to call the police or get lawyers involved with the company's if our new neighbors act a fool.
Posted on 6/10/21 at 11:41 am to tketaco
Lets see. Investment houses buy up middle class neighborhoods, rent out to section 8, the market adjusts and property values drop, the fed comes in and takes the loss, takes over the property and we lose millions of homes to the government.
Posted on 6/10/21 at 11:42 am to Nigel Farage
quote:
frickers are pure evil, you think the cries for socialism are bad now?
You must know nothing about BlackRock. They are huge proponents of environmental change, black lives matter, and a laundry list of liberal/socialist causes
Posted on 6/10/21 at 11:44 am to LSUFanHouston
Corporate entities learned the lesson well, and have realized that there is little risk to them... The government, well they'll never learn
Posted on 6/10/21 at 11:46 am to stout
quote:
Fosters Ridge
Almost bought into this neighborhood. The tax rate, and no trees, scared me off. That would have been a massive gut punch.
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