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!
Same here, but with a twist - we sold a property I inherited. I get several post cards every month from real estate firms wanting to buy that property that I already sold in 2018.
We also own 20 acres in Eastern part of the state and get inquires all the time, but the price they offer is LESS than we paid for it. SMH
Pretty stupid - it doesn’t take that much to do a little checking.
We recently built a storage shed-still building actually. We ordered all the lumber at once. Good thing, in less than a year, the prices on the 2x4s has tripled.
We’re visiting our son in Colorado, and visiting various parts of the state while he’s working during the week. We look at real estate prices along the way. He loves it here, but if he wants to stay, he’ll need to earn a lot when he finishes his studies. Colorado real estate has some very big price tags. The influx of people from California and elsewhere is having a huge impact on the cost of living and the culture.
We’re in SE PA. People are getting out of Philadelphia, but that’s not all of it. We are also getting people moving out of the NYC area driving up prices in the Poconos and Bucks County. It pushes up prices in the rest of the region - dominoes.
Not only do they resort to bad language they don't know the difference between the words it's and its.
"They’re using your tax dollars to [bleep[ over the lower and middle class, and its permanent. "
Are you DelCo?
bkmk
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