how many rentals due to chinaflu money not going to the rent as it was supposed to?
Posted on 06/18/2021 7:47:00 AM PDT by packagingguy
Turning America from a nation of home owners into a nation of renters.
(Excerpt) Read more at americanthinker.com ...
3.5 million properties in foreclosure and 2.2 seriously delinquent.
It’s going to crash in October.
You call that an excerpt?
You’ll own nothing and be happy!
WTF is wrong with these people? Their Leftism is making them insane.
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This is BS. The reason for the high home prices is the record low interest rates causing more demand from people who are currently paying high rents. Simple supply and demand.
Because of that rents are going down in many places especially the high rent districts. San Francisco rents are down almost 30%.
If interest rates start going up (and they will) the demand from buyers will decrease and prices will stabilize or drop.
The low interest rates are mainly due to the virus as both the fed and the government injectected trillions into the economy to keep it from crashing during the plague.
They already are insane. Leftism makes them criminally insane.
Higher property taxes for municipal projects and rental income for well-heeled retirees.
They HATED the American dream, a component of which was owning your own home (and raising a FAMILY).
Council Estates for Everyone!
There is some truth to what you have said, however, and this is an anecdote, a very accomplished real estate agent told me recently companies from Asia, South America, Europe, Australia, North America, etc. are outbidding individual home buyers. He said he has never seen anything like it.
Now I would say they are doing this as a hedge against inflation, not a long-term investment. In many parts of the US one can lose money if you hold on to residential real estate for too long. In my city many neighborhoods can go south in 25 years or less. If one makes it to 50 years without houses losing value it is a miracle.
By the way rent is up 15% in my area just so far this year, so not all markets are down.
how many rentals due to chinaflu money not going to the rent as it was supposed to?
Maybe Leftists want us to develop a system like more like Council Housing, than like our poorly-regarded public housing system.
That way the Government would strengthen its control over citizens.
https://www.gov.uk/council-housing
“Councils decide who gets offered housing based on a ‘points’ or ‘banding’ system.”
Yay for Feudalism!!!!
Who knew that we would be on the cusp of a return to sharecropping in only two generations! Yippee!!!
Did the occupants of the monolithic Soviet apartment blocks, built next to their factories OWN their homes?
The Proletariat have no right to do anything except to labor for the State.
The reason some rentals go bad is due to government paying landlords Section 8 money.
Most people should be renters until they are financially ready to own and accept all the responsibilities of owning a property. Most foreclosures are due to people buying more house than they can afford.
You never really own anything anyway. You are always renting from the government in the form of property taxes.
In short, there is nothing wrong with renting, contrary to what the National Association of Realtors would have us believe.
Yep, thanks Saint Powell and Saint Yellen for turning complete sh*tboxes into $500k nightmares which China swoop in and claim like vultures!!
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