Posted on 06/12/2021 1:21:54 PM PDT by SeekAndFind
If you’ve been thinking of buying a house, you’ve probably noticed that house prices are soaring everywhere, not just in the usual preferred zip codes. You might have thought this is simply because of market deformations thanks to COVID and the lockdowns. In fact, the soaring prices reflect something much more sinister: Blackrock, an investment company is buying up housing stock, turning America into a nation of renters – that is, people with no stake in their communities or their futures. However, what’s really sinister is that it’s not just housing stock. BlackRock, along with The Vanguard Group, owns a disproportionate number of American corporations, more even than you realize.
Let’s start with the housing stock issue. Here’s a short Tucker Carlson segment about the way the multinational investment company BlackRock is driving up prices and decreasing housing stock by buying up whole communities:
What Tucker and Pedro Gonzalez describe is bad and should have you deeply worried. What’s worse is something I learned about some months ago but sat on because I wasn’t quite sure what to do with it.
It’s a video made by a Dutch woman in which, using publicly available information, she points out that very few corporations are the personal playgrounds of millionaires and billionaires. Instead, most of them trace back to BlackRock and The Vanguard Group. For example, if you think Coke and Pepsi are competitors, they might be at a micro level but, at a macro level, both have the same primary owners: BlackRock and The Vanguard Group:
(Excerpt) Read more at americanthinker.com ...
There’s a quiet residential street a few blocks from me, with very nice well-kept houses. One exception stands out: an apartment building with questionable, noisy characters loitering outside. I think I looked it up a few years ago and found it was Section 8 property.
It’s called “National socialism.”
The fools who decried Trump’s “nationalism” don’t understand the word.
He used it in terms of patriotism, country first.
The left uses it in terms of centralization of power — think TR’s “New Nationalism,” Wilson’s “New Freedom” and FDR’s “New Deal” — all euphemistic slogans to hide the real agenda, centralization of power in the “national” government.
I’m hoping now that unemployment is stopping. People will go back to work. Wages are up huge due to desperate companies Needing people. In a few months unemployment should be at precovid numbers or even better.
FHA, Fannie and Freddie are welfare for home builders as far as I am concerned.
Resistance is Feudal.
And their rent will be paid with our tax money.
“If you can’t afford a house at current prices, RENT! Nobody is entitled to a single family home at a reasonable price. If anyone outbids you whether an individual or a fund, tough feces”
This “let them eat cake” comment is why people are voting for socialism. The problem is a smaller and smaller amount of people can afford the price of current homes.
My niece and her husband live in NVA, played by all the rules, marriage before kids, both have above average jobs but to buy a homes in that area is 750-900k. Nearly all the single family homes in their neighborhood, probably 300 homes are rentals.
That is not good for a country.
“A government-imposed COVID lockdown combined with a government-imposed moratorium on evictions quickly turns rental housing into the worst investment imaginable.”
A comment like that really blows up the gloom and doom narrative presented in the original post by the weenies at American Thinker. Carry on, Sir Knight.
This party is just getting started, wail til next year when the party favors come out
Define overpaying
Business or government.
It’s not good for northern Virginia but it probably IS good for the country. That overpriced residential real estate market only exists because it is a bedroom community for a fascist Federal government that has grown out of control.
I’m in the process of moving my home — AND MY BUSINESS — out of an overpriced Democrat stronghold to a place where I can earn an honest living without paying exorbitant taxes to feed a dysfunctional nanny-state.
OK, its rotten....but what is the fix?
OK, its rotten....but what is the fix?
#1 business enterprise in history....
Slavery
Feudalism.
Come the next Advent.
Part of the Great Reset — eliminate property ownership making most everyone renters til death.
Rd later.
Problem is that the landlords are selling their properties and getting out of the game.
A year of no rents from a property when you only own three is not a viable business plan.
So the bi boys are making out like bandits and will be able to set the rents at what ever they want because the small competition is all gone. Thanks to the government.
And you approve of that.
Interesting.
Reads like a Frank Peretti novel.
Outlaw the korporate ownership of residential properties
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