Posted on 02/22/2023 11:51:41 AM PST by Hostage
This is an Elite vs. Working Stiff issue.
The Elites comprise both Republicans and Democrats. They will be whatever you want them to be, say whatever you want them to say. Don't fall for it. Thus is about screwing you.
And note by "you" means most all of you. There will be a small segment of "you" that will escape what's coming, for a time.
For those here who are students of American history, this March towards feudalism stems from the 1999 Repeal of the 1930s Glass-Steagall Act (GSA). GSA set a firewall between Main St. and Wall St's housing and farm land grabs. Today Wall St. is a rigged casino with intent to turn everyone into a renter.
Video 4 minutes:
BlackRock Behind Corporate Landlord Movement
https://newtube.app/user/Hostage/aZXdOqd
Note: The 1999 Repeal of GSA led to the 2009 Financial Collapse (Yes, it did). Mortgage Backed Securities and its offshoot Predatory Lending all were germinated from Wall St. The pattern of what Wall St. did to our hardworking grandparents in the 1930s was repeated in 2009, and guess what?
Round 2 of screwing you is coming up.
Words of advice:
Sell what you got, buy land, learn to be self-sustainable, become a prepper, get with your local Sheriff and volunteer, stock up on all essentials including guns and ammo.
Additional info nugget. Organized Crime is involved in mortgage markets. Lucchese family, Bonannon family have extended their loansharking into real estate. Drug Cartels are laundering money through mortgage markets.
New Green Deal being used to frontrun the scam to take your home, turning you into a Serf. Watch what Norwegian Bjorn Andreas Bull-Hansen has to say about how it’s going down in the following:
BJORN ANDREAS BULL-HANSEN MUST-WATCH:
How They Plan To Take Your House: The Agenda 2030 Wealth Transfer
https://youtu.be/Y2sqV7alDz8
It took us from Aug to Jan to sell our old house.
We could have sold it right away to an investor, who, when we finally saw the contract and could research them, was the 2nd largest single family landlord in the country. they never went above asking price, but did increase their offer twice to close to asking price.
There were 3 other offers from investors that we also turned down. We wanted to sell to regular folks and we did.
there was a rental house down the block from that house - rent was over twice what our mortgage payment was. CRAZY!
Had investors buy up the ones on either side of use for double what they realistically should be valued at. They have both remained empty for 9 and 12 months respectively. They do not appear to be for rent or sale. It’s a shame they could be good homes to start a family.
This should be illegal.
I believe it was Steve Cortez on the War Room that predicted housing prices would not collapse with the higher interest rates. So far he has been right. If he stays right that means housing prices will just continue to go up, up, up in cost. The average home mortgage payment for a typical sale in February 2023 is much higher than 12 months ago. And rents will just keep moving higher too I suppose.
Spot on. Then, you will work for them and own almost nothing. That IS the goal. Basically, it's turning most of the people in the country into slaves.
Be aware those that get out in time by selling and taking their equity or from price bloat, they need to take that equity and purchase other real estate.
But wherever home sellers take their equity, they can face the same dilemma.
As we speak, hundreds of thousands are fleeing California and other high priced states. They go to other lower cost states and drive up local prices,
They probably want to tear down your neighborhood to build apartments.
Company towns: bad
Company nations: good?
> “This should be illegal.”
It was illegal under GSA which stabilized mortgage markets for 70 years, very similar to how the gold-standard stabilized the $.
Americans need GSA 2.0 asap.
The residential housing market does not exist to serve as financial products for Wall Street. This has to stop and be reversed.
The bigger the dwelling the bigger the landlord problems.
Buying single family homes cheap can work, but in many areas single family homes prices are absurdly high.
“housing prices would not collapse with the higher interest rates.”
The market just gets restricted to established house owners selling and buying.
Another factor is banks such as mine not offering long-term CDs of a term greater than 36 months. If the banks don’t think rates will remain at least 4%, many prospective house buyers and sellers will just wait say 37 months.
A renter has a choice limited only by employment prospects.
Not a bad gig, they borrow money from the Fed at discount rates and if the real estate goes belly-up, you the taxpayer will bail them out.
The homeless of LA or New York can work, rent and own on the same basis as the residents of Decatur, Illinois.
If they insist on living among glamorous movie stars or investment bankers, then they will have to work harder and longer.
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