Posted on 08/03/2021 7:46:56 PM PDT by kingtom
In June, the Supreme Court ruled that the moratorium could stay in place until it expired, but Justice Brett Kavanaugh warned the ban could not be extended except by an act of Congress. Just two days before the expiration date, the Biden administration asked Congress to pass an emergency extension.
(Excerpt) Read more at libertynation.com ...
The Democrats want to keep the moratorium in place until the landlords go broke. I guess it’s kinder than Mao’s approach, which was to shoot or hang the bourgeoisie.
Many are already well beyond saving.
They want the landlords to go broke lose it all and therefore usher in property redistribution.
I have a house rented out a white family in good school district. For now. We are good. But for a long run I am thinking to sell it
The landlords will wind up selling to get out of debt. And we’ll see foreclosures and “vultures” buying them up.
Yes, BlackRock’s Home-Buying Spree Should Concern You
“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.
“So who is Blackrock? Only the world’s largest asset manager and the leading proponent of The Great Reset. They’re looking to redistribute — get this — $120Trillion dollars. The entire wealth of the worlds middle class and poor combined several times over. 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 average of 20% above listing. Now the entire neighborhood is made up of SFR’s. What are SFR’s??
“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 world’s 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 BlackRock, a Federal Reserve funded financial institution, is buying up all the houses to make sure that young families can’t build wealth.
https://noqreport.com/2021/06/11/yes-blackrocks-home-buying-spree-should-concern-you/
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