Posted on 06/09/2021 8:36:40 PM PDT by Enlightened1
Edited on 06/09/2021 9:10:41 PM PDT by Jim Robinson. [history]
Blackrock is buying every single family house they can find, paying 20-50% above asking price and outbidding normal home buyers. Why are corporations, pension funds and property investment groups buying...
entire neighborhoods out from under the middle class? Lets take a look. Homes are popping up on MLS and going under contract within a few hours. Blackrock, among others, are buying up thousands of new homes and entire neighborhoods.
As an example, a 124 new home neighborhood was bought in its entirety in Texas. Average Americans were outbid to a tune of $32million. Homes sold at an avg if 20% above listing. Now the entire neighborhood is made up of SFR's. What are SFR's??
https://www.financialsamurai.com/institutional-real-estate-investors/
Single Family Rentals. Now, your potential lower to middle class home owner is positioned to be a permanent renter. This matters because for the lower and middle class owning a home is the most major part of any financial success, and future upward mobility.
This is wealth redistribution, and it ain’t rich people’s wealth that’s getting redistributed. It’s normal American middle class, salt of the earth wealth heading into the hands of the worlds most powerful entities and individuals. The traditional financial vehicle gone forever.
Home equity is the main financial element that middle class families use to build wealth, and black rock, a federal reserve funded financial institution is buying up all the houses to make sure that young families can’t build wealth.
Thats right!
FEDERAL RESERVE FUNDED FINANCIAL INSTITUTE.
Let that sink in for a minute. Got it? They’re using your tax dollars to [bleep[ over the lower and middle class, and its permanent. Not 1 Pres. administration of bullshit. This is a fundamental reorganization of society.
So where does this position the average American in 30 years when its a given that every new neighborhood is to be bought up whole so they can be utilized as SFR's? It positions them as peasants. Being poor can be temporary condition bettered by upward mobility.
In the US and other nations home ownership is often the 1st and most vital step. This can provide for generational wealth and success. But as permanent, guaranteed renters youre pissing away a lifetime of equity and the chance for mobility. You just become a peasant.
The Great Reset is real. It is happening. This will be the greatest transfer of wealth, and greatest consolidation of power in the history of mankind. If they get away with it revolution will be the only cure. It will be awful. Wake up. Get active. Stop this now!
They want to turn everyone into Renters.
Don’t think they bought ours....
Owners of homes with fixed mortgages or owned outright are protected to much of the impact of inflation. Renters are not, they are eaten alive by rent increasing.
50% above asking? They can have mine!
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered.... I believe that banking institutions are more dangerous to our liberties than standing armies.... The issuing power should be taken from the banks and restored to the people, to whom it properly belongs."
Sometimes attributed to Thomas Jefferson
Chinese money?
Hope not.
ping
I love today’s illiterate 18 year old journalists who actually think dropping F bombs in articles they write makes a point. Cant take them serious.
Not to mention those who post them here unredacted, as required by the site owner.
We have been inundated with calls and letters asking to buy our suburban house. Our neighbors and friends likewise. We also get inquiries about our small vacation cottage in a depressed area. There is a lot of home construction activity in our area. Not sure what’s going on; it feels ‘off’.
It would seem to me that the COVID fiasco should make every institutional investor extremely hesitant about rental properties. Some of the people living as tenants in these places haven’t paid rent in more than a year, and can’t be evicted as long as these states keep their eviction moratoriums in place.
Not chinese money..Tax money..Then gov’t can put anyone they want in the neighborhood
or they are buying physical assets as a hyperinflation hedge?
Of course..Then they get to decide the makeup of the neighborhood....
You will own nothing and you will be happy.
Oh Klauss, such the kidder you are.
“You will own nothing ... and you will be happy.” The globalist Oligarchy
Well, we are vulnerable to our homes being seized for ‘delinquent taxes’.
bttt
“FEDERAL RESERVE FUNDED FINANCIAL INSTITUTE
“Let that sink in for a minute. Got it? They’re using your tax dollars to f*ck over the lower and middle class, and its permanent.”
The Federal Reserve doesn’t use tax dollars. Any income it generates above basic expenses reverts to the US Treasury. And I fail to see how they could be involved in this scheme since the Fed isn’t an investment bank.
Other than that it’s an interesting article. Sounds like what has been happening in the Southern California real estate market, except that we also have a lot of Chinese investment money driving up prices.
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