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Started By
Message
Posted on 11/10/22 at 9:25 am to SDVTiger
quote:
They arent
quote:
Unless
Que?
So…. Are they….. or aren’t they?
quote:
mean are you admitting you believe the MSM?
Are they.
Or aren’t they.
You answered your own question above. Poor AIDstiger.
This post was edited on 11/10/22 at 9:27 am
Posted on 11/10/22 at 9:29 am to beerJeep
They are for shitty borrowrrs who arent buying
They are not for good borrowers
So no they are not 7.15% for ppl trying to buy a home
You think Blackrock owns every single family home in the US and no one is buying
You should just sit this one out clown
They are not for good borrowers
So no they are not 7.15% for ppl trying to buy a home
You think Blackrock owns every single family home in the US and no one is buying
You should just sit this one out clown
Posted on 11/10/22 at 9:31 am to SDVTiger
quote:
They are for shitty borrowrrs who arent buying
They aren’t for the people who we have priced out!!!!
quote:
So no they are not 7.15% for ppl trying to buy a home
quote:
You think Blackrock owns every single family home in the US and no one is buying
Link? I said black rock is the largest single family home purchaser. Them and other firms like them.
I said they are buying homes above market value.
These are both factual statements :lol:
quote:
You should just sit this one out clown
Don’t you have some dick to shove up your arse, AIDstiger?
Posted on 11/10/22 at 9:32 am to beerJeep
quote:
And plenty more firms (blackrock) buying homes at above market price to rent out.
Blackrock also owns Finance of America. FOA who was one of the largest lenders in the US just shut down their entire residential lending operations last week and fired everyone in the origination and wholesale channels.
This should give you a good glimpse of where interest rates are headed and why 9-10% rates by the end of January will be a reality. Blackrock does not just shut down a company with over 5500 employees unless it knows interest rates will continue to rise for the foreseable future.
Posted on 11/10/22 at 9:33 am to MrLSU
But but but AIDstiger said I should sit this one out
Posted on 11/10/22 at 9:34 am to beerJeep
quote:
I said black rock is the largest single family home purchaser.
The total institutional ownership of single family homes by BlackRock, Apollo, etc. is only around 1-1.3% of all single family homes in the United States.
Posted on 11/10/22 at 9:36 am to MrLSU
quote:
is only around 1-1.3% of all single family homes in the United States.
How many homes is that, again? Add in their umbrella assets via lenders and their real ownership rate (you know, since the person who loaned you the money to buy that home really owns the house til you pay it off) is MUCH higher
Posted on 11/10/22 at 9:36 am to MrLSU
quote:
Blackrock also owns Finance of America. FOA who was one of the largest lenders in the US just shut down their entire residential lending operations last week and fired everyone in the origination and wholesale channels.
But they are buying every home in America!!
quote:
This should give you a good glimpse of where interest rates are headed and why 9-10% rates by the end of January will be a reality
Refis are down 90% as of now. Of course they shut it down and is not an indicator of where rates are going
quote:
The total institutional ownership of single family homes by BlackRock, Apollo, etc. is only around 1-1.3% of all single family homes in the United States.
Yes its why beerjeep need to just sit this out
This post was edited on 11/10/22 at 9:38 am
Posted on 11/10/22 at 9:38 am to SDVTiger
quote:
But they are buying every home in America!!
Link? You can keep repeating lies, AIDstiger… but it just makes you look foolish.
Posted on 11/10/22 at 9:39 am to SDVTiger
quote:
Yes its why beerjeep need to just sit this out
Again, for the retard in the back.
quote:
Add in their umbrella assets via lenders and their real ownership rate (you know, since the person who loaned you the money to buy that home really owns the house til you pay it off) is MUCH higher
Posted on 11/10/22 at 9:44 am to beerJeep
quote:
How many homes is that, again?
Around 115k single family residential homes across the United States for all institutional investors. Of that number BlackRock owns around 80k of the 115k.
Posted on 11/10/22 at 9:48 am to MrLSU
And one would be justified to say that the vast majority of this is new construction? And again, their real home ownership level is much higher when you account for their umbrella corps and money lenders.
Like I said, the “homeowner” doesn’t own shite until he pays off the bank. So there are plenty plenty more homes that they shadow own until they are paid off.
Black rocks reach is immense and penetrates every fiber of the modern world.
Like I said, the “homeowner” doesn’t own shite until he pays off the bank. So there are plenty plenty more homes that they shadow own until they are paid off.
Black rocks reach is immense and penetrates every fiber of the modern world.
Posted on 11/10/22 at 9:50 am to The Pirate King
quote:Meh. I expect approaching 5ish
ts not really that high And im going under 5s end of Q1 on my predictions
what a putz
Posted on 11/10/22 at 9:52 am to SDVTiger
quote:
Refis are down 90% as of now. Of course they shut it down and is not an indicator of where rates are going
Refis are actually down more than 90% now. Its probably around 96-97% YoY by end of November. FOA though actually had a rather substantial purchase origination business (20-25%) in both the commercial and residential spaces but it was just under the radar according to their SEC filings.
Posted on 11/10/22 at 9:55 am to MrLSU
quote:
FOA
They just exited wholesale
They didnt fold
Wait till rates drop and they get back into the game
Posted on 11/10/22 at 9:56 am to beerJeep
quote:
And one would be justified to say that the vast majority of this is new construction? And again, their real home ownership level is much higher when you account for their umbrella corps and money lenders.
Actually No, the vast majority is not new construction. In fact a number of the major national homebuilders have put restriction into their HOA policies recently that their new construction properties can't be utilized as rentals. The ones where they were buying new construction single family homes were isolated to Phoenix, Dallas, Houston, Charlotte, and a handful of other fast growing MSAs.
Posted on 11/10/22 at 11:17 am to SDVTiger
quote:
They just exited wholesale
They didnt fold
Wait till rates drop and they get back into the game
They are exiting from the entire game and selling off the associated companies they haven't shut down yet.
Posted on 11/10/22 at 11:19 am to SDVTiger
quote:
Its not really that high
And gang rapes aren't that bad.
What was it a 9 months ago?
Posted on 11/10/22 at 11:22 am to stout
quote:This was ridiculous when you posted the same thing on the OT also.
Biden has now killed the real estate market as well. Equity is being wiped out so you not only lose real money from your 401K but now you also lose net worth from depreciating prices.
The attack on individual homeownership will only get worse. Everything this administration does is on purpose and it's part of their plan.
Remember how Obama tried to kill values by making every new development set aside a portion for low-income housing?
I am 100% Democrats do not want you to use your home as a wealth-building tool so you will be less independent.
Literally only a year ago, the hand-wringing was about ZIRP and how it was crazily driving up RE values. There were many threads on these boards about how values were nuts and people were stupid to buy - especially with things like lumber being at all time highs (something you yourself bitched plenty about) on top of the cheap rates.
Now that rates have become way more normalized (and lumber is back to pre-pandemic levels) you are decrying that as well?
This is dishonest drivel that I'd like to say is beneath you, but I'm not so sure.
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