I can’t wait for decent neighborhoods to be ruined by renting to ghetto trash and illegals...
BR is single-handed-ly destroying neighborhoods. Now Bezos joins forces...
When young people are forced to pay a fortune for rent, the chances of them saving to actually own their own home are slim to none. Not only are the prices too high, but with a minimum down payment, mortgage payments are impossible. Pure evil.
Let’s say this is true. Let’s, hypothetically, also say that there really is an agenda to reduce the global human population. What do they do with all the excess real estate? How does that impact the bottom line? Does the bottom line even matter to these neo-feudalists?
It is capitalism. You don’t like??
Renters are renters because they do not save for down payment.
I would suggest that mortgage applications are near record lows because anyone who was planning to sell their home or relocate in the next five years decided to do it in the last 18 months.
We’ve seen what happens when an outfit load up on property at the peak of their costs.
Remember when Japan was buying up a bunch of NYC real estate and had to sell at a big loss?
so....
What exactly is the issue here? lol
some investor is going to own those homes, why does it make any difference if the landlord is Bezos or Blackrock?
And, what’s preventing people from simply building more homes? Whoever wrote this acts like all the homes ever to be built are already built. When the free market will easily fix this with other investors building more rental properties as prices go up.
Here it comes...we don’t get a house or apartment unless we’re in good standing (communist party member), good social score, etc.
When a consumer has to compete with a corporation willing to spend far in excess of the value of the home value... there is no longer a consumer market.
Counties should double (or more) property taxes on non-county, corporate owners.
That would either increase revenue or discourage this practice.
When this all blows up in their face, I have no doubt the government will *again* bailout hedge funds like Black Rock using public monies, just as they did in the GFC.
‘You will own NOTHING and be happy.’
This has to be outlawed. The residential housing market is meant for people and their lives not as a financial product for financial institutions and billionaires.
Commies HATE the idea of property ownership. If they can get us all into one mass of undifferentiated ‘being’ … totally dependent on the gov’t., then they can control us much better!
Purposeful
The weak spot in that “plan” is with more and more jobs being able to be done from home/remotely, the folks can buy land or houses farther away from the cities.
This crushes the plans to get as many folks to move into the cities.
Back in the early 2000s, in Seattle for instance, they had a stated goal of adding 50% more people to the city’s population.
Talking to a co-worker who had a side hustle as a real estate agent. He was telling me that this started in 2014-2015. Hedge funds and other large funds buying up entire inventories of foreclosures from the banks.
These illegals (future Democrat voters) will need to be housed somewhere.
They have no money, so the gov will pay them for ‘housing’.
The ‘housing’ will come from the new landlords Globalist owners (Blackrock, Amazon, etc..).
Me and You (taxes) will foot the bill.
Govmt gets the votes, and Globalists make the profits.