The American dream feels impossible for many young voters, who see no political fix

[MisterBeale]

Blackrock, Vanguard, and company use shell companies to buy homes at above market prices....Comps go up...Current owners take advantage of the opportunity to sell to -wait for it- Blackrock, Vanguard and company.

LITERAL rent seeking.

I wonder why rents, mortgages, and home costs are higher?

Those types of investment vehicles gained the most with the scamdemic psy-op. They used the government to shut down small businesses, while using their influence to keep open the businesses that they profit off of.

The only type of sanction I would support from the left upon the billionaires, is any fund, company or individual that benefited from the scamdemic and their influence over the goberment's proclivity for choosing winners and losers in that psy-op, should be heavily fined and given back to the small businesses and taxpayers. Or it should be used to pay off debt, as interest payments are killing the poor and middle classes.

Billionaires, Big Tech and Big Pharma Were Pandemic's Big Winners, New Report Confirms

As the wealth of U.S. billionaires soared by over $2.6 trillion during the pandemic, major pharmaceutical companies like Pfizer and Moderna and tech giants such as Meta, Alphabet, and Amazon also saw their market capitalizations skyrocket.

childrenshealthdefense.org

 

[Foxfyre]

Hedge funds are buying up the single family homes all over nevada to turn in to rentals.

When Hombre and I married we were poor as church mice--would be considered what is now the nation's most disadvantaged--and government resources of any kind to help were pretty much non existent. Many times we hocked my accordion to have grocery money until the next paycheck.

Most, not all of our friends, were pretty much in the same boat. (The farmers and ranchers or those from affluent homes were all much better off, but the rest of us did not resent them in any way but just counted them as lucky.)

But we 'poor folk' pooled resources, shared meals, made our own fun, raised our babies together, and count that as some of the happiest times of our lives. None of us expected to be able to afford a new car or to buy a home until we were at least in our 30s or 40s. But it never occurred to us that we would remain poor. And none of us did. We all went on to work ourselves out of poverty, buy homes and that first new car, to acquire a comfortable living for us and our children.

Ours was a healthy productive society, when people expected to earn what they had, did not expect instant gratification or anybody but themselves to take care of them.

 

[Oddball]

Those types of investment vehicles gained the most with the scamdemic psy-op. They used the government to shut down small businesses, while using their influence to keep open the businesses that they profit off of.

The only type of sanction I would support from the left upon the billionaires, is any fund, company or individual that benefited from the scamdemic and their influence over the goberment's proclivity for choosing winners and losers in that psy-op, should be heavily fined and given back to the small businesses and taxpayers. Or it should be used to pay off debt, as interest payments are killing the poor and middle classes.

Billionaires, Big Tech and Big Pharma Were Pandemic's Big Winners, New Report Confirms

As the wealth of U.S. billionaires soared by over $2.6 trillion during the pandemic, major pharmaceutical companies like Pfizer and Moderna and tech giants such as Meta, Alphabet, and Amazon also saw their market capitalizations skyrocket.

childrenshealthdefense.org

I saw it happen to Steamboat Springs.

A lot of the local joints -which operated on the fringes to cater to the local crowd- went under during the scamdemic, most of which were replaced by high end she-she operations, where you need a cosigner to have a family meal.

 

[Woodznutz]

The market is being grossly manipulated and distorted.

And people keep buying every new shiny thing that comes on the market with their credit cards instead of saving for a home, education, or a business. People want the appearance of success more than success itself, and the rich laugh all the way to the bank. Then these morons turn around and blame the rich for their financial problems. Sigh.

 

[Toddsterpatriot]

You really are thick enough to believe the money -which they have a nearly endless supply of- is the point, aren't you?

Right, making money isn't the point.

DURR

 

[Oddball]

And people keep buying every new shiny thing that comes on the market with their credit cards instead of saving for a home, education, or a business. People want the appearance of success more than success itself, and the rich laugh all the way to the bank. Then these morons turn around and blame the rich for their financial problems. Sigh.

It's a lot less about having the shiny toys than we're more-or-less forced into the financing grifts, in order to try to protect what little value things have in the here and now.

It's all a product of accepting the Fed's worthless debt-based commercial script as "wealth".

 

[Toddsterpatriot]

We need to stop gentrifying older neighborhoods. That's where 'affordable' housing has traditionally been for the poor.

We need to make it easier to build new homes.

 

[MisterBeale]

I saw it happen to Steamboat Spring.

A lot of the local joints -which operated on the fringes to cater to the local crowd- went under during the scamdemic, most of which were replaced by high end she-she operations, where you need a cosigner to have a family meal.

Yep, it happened here too. So many of my favorite local businesses went under, while the big chain businesses with support from the investment funds you listed, did just fine. In fact, if I remember correctly, they were the ones that were first in line for national debt funded bailouts.

I'm still waiting for justice, but it won't come. . . as politicians and power players in both parties benefited, while the average American was screwed.

 

[Toddsterpatriot]

Naw. It's "whatever the market will bear".

That's what he said.

 

[Oddball]

Right, making money isn't the point.

DURR

They make up on the inflated rent, Corky.

 

[Toddsterpatriot]

They make up on the inflated rent, Corky.

Inflated rent doesn't make up for overpaying with cash.

 

[Woodznutz]

That's what he said.

Not quite. In terms of housing prices remain high because of insatiable demand, thus housing is a captive market, much like healthcare.

Supply and demand are closely related concepts in economics, as they describe how prices and quantities of goods and services are determined in a market. The law of supply and demand states that as the price of a good rises, demand decreases, and as the price falls, demand increases, leading to an equilibrium price where supply equals demand. This equilibrium price is crucial for market clearing, ensuring that there are no excess supplies or shortages.
Investopedia+1

The phrase "what the market will bear" reflects the idea that prices are determined by market forces, and it suggests that market participants will adjust their behavior based on supply and demand dynamics. However, it does not explicitly define the relationship between supply and demand, as it is often used in a broader context to describe market behavior rather than a strict economic principle. Thus, while supply and demand are fundamental to understanding market behavior, the phrase "what the market will bear" can be seen as a more general expression of market dynamics.

 

[Oddball]

Inflated rent doesn't make up for overpaying with cash.

Not tomorrow.

You think the hedge funds got wealthy beyond avarice by playing the short game?

 

[Woodznutz]

Not tomorrow.

You think the hedge funds got wealthy beyond avarice by playing the short game?

The hedge funds are pulling the wrong stick out of the economic Jenga stack.

 

[westwall]

When Hombre and I married we were poor as church mice--would be considered what is now the nation's most disadvantaged--and government resources of any kind to help were pretty much non existent. Many times we hocked my accordion to have grocery money until the next paycheck.

Most, not all of our friends, were pretty much in the same boat. (The farmers and ranchers or those from affluent homes were all much better off, but the rest of us did not resent them in any way but just counted them as lucky.)

But we 'poor folk' pooled resources, shared meals, made our own fun, raised our babies together, and count that as some of the happiest times of our lives. None of us expected to be able to afford a new car or to buy a home until we were at least in our 30s or 40s. But it never occurred to us that we would remain poor. And none of us did. We all went on to work ourselves out of poverty, buy homes and that first new car, to acquire a comfortable living for us and our children.

Ours was a healthy productive society, when people expected to earn what they had, did not expect instant gratification or anybody but themselves to take care of them.

Yup. I didn't buy my first new car till I was 45. Pretty much the same story as yours.

 

[Oddball]

The hedge funds are pulling the wrong stick out of the economic Jenga stack.

Doesn't matter....They'll get a bailout if when things go sideways, and they know it.

 

[westwall]

Inflated rent doesn't make up for overpaying with cash.

Actually, if you are playing the long game it absolutely does.

 

[Toddsterpatriot]

Not quite. In terms of housing prices remain high because of insatiable demand, thus housing is a captive market, much like healthcare.

Supply and demand are closely related concepts in economics, as they describe how prices and quantities of goods and services are determined in a market. The law of supply and demand states that as the price of a good rises, demand decreases, and as the price falls, demand increases, leading to an equilibrium price where supply equals demand. This equilibrium price is crucial for market clearing, ensuring that there are no excess supplies or shortages.
Investopedia+1

The phrase "what the market will bear" reflects the idea that prices are determined by market forces, and it suggests that market participants will adjust their behavior based on supply and demand dynamics. However, it does not explicitly define the relationship between supply and demand, as it is often used in a broader context to describe market behavior rather than a strict economic principle. Thus, while supply and demand are fundamental to understanding market behavior, the phrase "what the market will bear" can be seen as a more general expression of market dynamics.

Everyone charges "what the market will bear".

Obviously.

 

[Woodznutz]

Doesn't matter....They'll get a bailout if when things go sideways, and they know it.

I was referring to the economic and societal damage they are doing to the people.

 

[Toddsterpatriot]

Not tomorrow.

You think the hedge funds got wealthy beyond avarice by playing the short game?

Did they get wealthy playing the long game in 2007?
Or did they overpay and lose money?