Bessent: "Someone, maybe your parents for their retirement have bought 5, 10, 12 homes."

[Admiral Rockwell Tory]

Actually, my nephew owns several homes as rental properties, but the point is, he is a small minority of people who do. This is not the way most people‘s parents are retiring. It’s a very bizarre comment for him to make and out of touch with everyday people

Who was he talking to? Did you provide the full context or are you just out for TDS-inspired gotcha?

 

[DGS49]

I'm not rich, and I'm retired. My investment portfolio could easily have included several rental units, had I chosen to go that route. I have stocks and bonds.

At this moment, my strategy seems to have been better than rental units. Who knows whether it will be best in the longer term.

 

[MarathonMike]

What planet does this man live on? I don’t know anybody who owns five homes let alone 10 or 12. I have owned five homes over a period of two decades but never all at one time.

In the old days it was not hard at all to own multiple homes. When I was in my 20s I owned 3 homes and rented out two of them. And I was making around 30-35K a year in the 80s. As usual this is an out of context clip used to enrage Trump Haters. My guess is he was talking about President Trump reigning in institutional home buyers who can send out hundreds of cash offers a day.

 

[Dont Taz Me Bro]

I'm not rich, and I'm retired. My investment portfolio could easily have included several rental units, had I chosen to go that route. I have stocks and bonds.

At this moment, my strategy seems to have been better than rental units. Who knows whether it will be best in the longer term.

I have owned rental properties in the past. I don’t think I will do it again.

 

[Muhammed]

What planet does this man live on? I don’t know anybody who owns five homes let alone 10 or 12. I have owned five homes over a period of two decades but never all at one time.

I own more than that.

 

[Lesh]

I own more than that.

Oh look an internet dick measuring contest

 

[BrokeLoser]

They run our country.

Our big shitholes are ran by those who can’t define woman, hate our Declaration Of Independence, capitalism and much about the American Way.

 

[candycorn]

I know a few people who own 5 to 10 homes and then rents them out to others who have a hard time finding a good home. Does that make the renter a bad person?

No you don’t

 

[MarathonMike]

Oh look an internet dick measuring contest

Only to a jealous Leftist.

 

[sparky]

What planet does this man live on? I don’t know anybody who owns five homes let alone 10 or 12. I have owned five homes over a period of two decades but never all at one time.

classic classism ! ~S~

 

[JWBooth]

Bessent is not unique, this has been the case since at least since the war of the yankee invasion, and probably a good bit before. If our masters had any grasp of the lives that normies live, they wouldn’t be our masters.

 

[MarathonMike]

Bessent is not unique, this has been the case since at least since the war of the yankee invasion, and probably a good bit before. If our masters had any grasp of the lives that normies live, they wouldn’t be our masters.

He was talking about THE PAST and what MANY older people did to augment their net worth. Buy multiple homes with low money down and low mortgage interest and rent them out for positive cash flow. Back in the day you could buy a decent size house for $60K in most states.

 

[Nostra]

He said it was the norm? When?

: crickets: from Lesh

 

[struth]

Actually, my nephew owns several homes as rental properties, but the point is, he is a small minority of people who do. This is not the way most people‘s parents are retiring. It’s a very bizarre comment for him to make and out of touch with everyday people

So you know someone, like the sec said

You are only attacking him why then?

 

[Mac1958]

What planet does this man live on? I don’t know anybody who owns five homes let alone 10 or 12. I have owned five homes over a period of two decades but never all at one time.

I'm not even sure what he and they are trying to accomplish. Bessent, Lutnick, Trump, Vance -- The flock is somehow not insulted by this stuff, and they celebrate and brag about macroeconomic numbers that don't even affect them.

Our education system has completely failed us. These people are just clueless.

 

[struth]

I'm not even sure what he and they are trying to accomplish. Bessent, Lutnick, Trump, Vance -- The flock is somehow not insulted by this stuff, and they celebrate and brag about macroeconomic numbers that don't even affect them.

Our education system has completely failed us. These people are just clueless.

Why would anyone be insulted by some people buying homes to invest for their retirement?

 

[MarathonMike]

I'm not even sure what he and they are trying to accomplish. Bessent, Lutnick, Trump, Vance -- The flock is somehow not insulted by this stuff, and they celebrate and brag about macroeconomic numbers that don't even affect them.

Our education system has completely failed us. These people are just clueless.

What part of reigning in institutional buying of homes do you not understand, Mac? I'm here for you buddy, what are your questions?

 

[Mac1958]

Speaking of homes...

 

[MarathonMike]

Speaking of homes...

Trump Haters live off of MAGA stereotypes. They can't face the reality that intelligent, financially strong Americans could have different political beliefs than them.

 

[struth]

Speaking of homes...

I don’t get it