re: This is what you get buying a DSLD home

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These companies are just adapting to the behaviors of various governments that have affected markets to make these smart investments.

My larger point is that the same people on their fricking high horse right now typically LOVE those regulations.

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Oh no I completely get you. I just mean that the free market is great and I’ll never think that we should embrace another path.

It’s just that the government and regulations have enabled this to happen. There’s a fine line between crony capitalism and capitalism at all costs. Both are bad.

Do I think hedge funds should be buying up large swaths of available homes and pricing families out of the market? No.

Do I think there should be laws against black rock buying homes? No.

I don’t know what the happy medium is without making laws and regulations to stop it.

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Google "Low Income Housing Tax Credits" or LIHTC.

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Yep. Those are fricking up neighborhoods everywhere. The developers are pieces of shite too.

We had one proposed across the street from me a few years ago and the CEO of the company was a little bitch.

He would not look me in the eye and finally admitted that he lived nowhere near any of their shithole developments.

Thankfully the city changed the rules for building on flood plains making my hood uneconomical for these things.

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Section 8 is the entire point. It's guaranteed income. And with progressives pushing hard to move section 8 out in to the white suburbs, BlackRock is just making a sound financial decision based on the prevailing political winds.

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If I can get half decent internet service through Starlink I'd be perfectly fine with living out in the woods.

I see better your context now.

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baseballmind1212

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I’ve posted before-ain’t scared

I don’t think our landfills can handle all these crappy houses that’ll have to be gutted and torn down over the next fifty years.

Anyone that has ever gutted a house knows what I am talking about. This is a climate issue. ;-)

I say that as a joke but it is kind of true if you think pollution is an issue.

ON a side note, have you seen housing prices in fricking Iowa? THAT is insane.

RIP DiamondDog

Iowa is the new Moss Bluff. Decent school, small town just outside of LC, no plants close by unlike Westlake and Sulphur, etc. LC can't go further South or West. All that's left in Moss Bluff to develope is flood zones and wetlands.


Watch what happens to Iowa when St Louis moves to Morganfield. That puts it at like a 10-minute drive from some parts of Iowa.

I think the whole area Northeast of the Burton is going to finally start blowing up too. Watch what happens to some of those pastures around there.

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Will the homes hedge funds are we buying in my area qualify? All are $300k and up with $2k and up rents.

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They have a formula they have to follow

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Owners or developers of projects receiving the LIHTC agree to meet an income test for tenants and a gross rent test. There are three ways to meet the income test:

At least 20 percent of the project’s units are occupied by tenants with an income of 50 percent or less of area median income adjusted for family size (AMI).

At least 40 percent of the units are occupied by tenants with an income of 60 percent or less of AMI.

At least 40 percent of the units are occupied by tenants with income averaging no more than 60 percent of AMI, and no units are occupied by tenants with income greater than 80 percent of AMI.

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