The Great Reset Is Happening NOW, Elites Are Buying Up Houses OVER COST So YOU Can't Own Anything

[Biff_Poindexter]

Eh, with 150K investors in their LLC, this is just a way for people to create profits on a larger scale.

A lot of these "We Buy Houses" people are fronts for investors and they are not exactly snapping up the high end of the market. They are churning undesirable/less desireable properties for flippers.

Blackrock is buying up whole subdivisions and these aren't just a couple of run-down houses.and over paying for it to drive out everyday folks...and they are using taxpayer money to do it.....

That leads to a crisis later.....and when that happens, I hope folks don't once again blame the "everyday people" for it while using tax dollars to propup the banks and hedge funds...again

Then everyday folk are getting more for their property then it is worth, so it is a win-win for the sellers and the buyers. You can't have your cake and eat it too. With interest rates being effectively zero percent and mortgages going out at less than 3%, then investors wanting to make money are going to look for new ways to do so. This just happens to be one of them.

So to recap; you don't mind that once again; wealth is being concentrated at the top...got it

I don't know who their investors are. It could be someone in my 401K for all I know. As far as "wealth", well you can assume that today's pixels on a balance sheet represents something meaningful, but I do not. "Wealth" can change by billions of dollars a day

This is what wealth as done for the past 40 plus years....View attachment 499524


What I see wealth doing has been pretty consistent over that time.....it being concentrated at the top.....is that populism?

Eh, with 150K investors in their LLC, this is just a way for people to create profits on a larger scale.

A lot of these "We Buy Houses" people are fronts for investors and they are not exactly snapping up the high end of the market. They are churning undesirable/less desireable properties for flippers.

Blackrock is buying up whole subdivisions and these aren't just a couple of run-down houses.and over paying for it to drive out everyday folks...and they are using taxpayer money to do it.....

That leads to a crisis later.....and when that happens, I hope folks don't once again blame the "everyday people" for it while using tax dollars to propup the banks and hedge funds...again

Then everyday folk are getting more for their property then it is worth, so it is a win-win for the sellers and the buyers. You can't have your cake and eat it too. With interest rates being effectively zero percent and mortgages going out at less than 3%, then investors wanting to make money are going to look for new ways to do so. This just happens to be one of them.

By the way, in the example I posted in the OP

That over 50% offer --- that money didn't go to individual homeowners -- it went to D.R. Horton Inc...

The goal is to keep more and more people as permanent renters; not home owners....which is why this is being called "The Great Reset" -- the goal of trying to redistribute 100 trillion dollars up to the top

Capitalism?

Blackrock sells houses and manages portfolios. They make money as the middleman between their investors and their investments. Get in on the action or don't. The choice is yours. Don't like it, then stop supporting the government that is flooding the damn system with so much cheap cash people are having to find new and better ways to invest it.

So since this happened during the previous administration -- how did you stop "supporting the government" to do something about it?

Or when you say "stop supporting the government" -- that was just something stupid to say to hide the fact you are caping for crony capitalism?

I voted for a congressman who is a deficit hawk who opposes all this free money. And you?

In the mean time, I wish they would buy up my neighborhood. I would gladly take 25% over market value any day of the week.

But you most likely voted for a presidential admin who did the opposite.....

I am not a single issue voter -- the worship of wealth by both parties is something I can't do anything about...

But I can advocate for policies that at least mitigate the damage done to those with the least amount of power..and that is definitely not a Conservative trait...

The policies you advocate for haven't done anything for those with the least amount of power except make them more powerless and dependent. Your $3T infrastructure plan will just create more subdivisions for Blackrock to buy up and help Bezos make more profits as his fleet delivers more stuff more efficiently. Rinse and repeat. The Liberal Trait is to grease the wheels of money men every bit as much as the Conservatives.

How did Social Security and Medicare make people powerless??

How did pushing for stronger labor rights and collective bargaining make people powerless??

How is something like Overtime Pay protection making people powerless??


And why haven't you addressed this yet??

Is this healthy? is this that "free market" capitalism I keep hearing you folks worship??

I am not the only saying it is unsustainable either.....

"Unless the U.S. takes steps to make systemic repairs designed to provide greater opportunity for more Americans to achieve personal growth and financial security, the consequences likely will be painful for the country"

That wasn't some Democrat-Socialist lib who said that either.......


Why on Earth would he be ringing alarms if wealth being so heavily concentrated at the top is so great?

Even Trump campaigned in 2015 on claiming the system is rigged....but he never really explained how....or even how he was going to fix it....trolling on Twitter definitely didn't fix capitalism

 

[Orangecat]

just another example of the transfer of wealth from the poor to the rich,, the elite are buying up entire neighborhoods and making them rentals so the middle class and poor can never own a house,,

Who is selling these properties to the wealthy?

 

[Biff_Poindexter]

just another example of the transfer of wealth from the poor to the rich,, the elite are buying up entire neighborhoods and making them rentals so the middle class and poor can never own a house,,

Who is selling these properties to the wealthy?

Ask the Wallstreet Journal

 

[Orangecat]

Who is selling these properties to the wealthy?

Ask the Wallstreet Journal

Shut up, fool.

 

[Biff_Poindexter]

Who is selling these properties to the wealthy?

Ask the Wallstreet Journal

Shut up, fool.

In other words...you didn't want an answer...got it


If you don't plan on reading articles, then maybe you should shut your ***** ass up

 

[Dekster]

Eh, with 150K investors in their LLC, this is just a way for people to create profits on a larger scale.

A lot of these "We Buy Houses" people are fronts for investors and they are not exactly snapping up the high end of the market. They are churning undesirable/less desireable properties for flippers.

Blackrock is buying up whole subdivisions and these aren't just a couple of run-down houses.and over paying for it to drive out everyday folks...and they are using taxpayer money to do it.....

That leads to a crisis later.....and when that happens, I hope folks don't once again blame the "everyday people" for it while using tax dollars to propup the banks and hedge funds...again

Then everyday folk are getting more for their property then it is worth, so it is a win-win for the sellers and the buyers. You can't have your cake and eat it too. With interest rates being effectively zero percent and mortgages going out at less than 3%, then investors wanting to make money are going to look for new ways to do so. This just happens to be one of them.

So to recap; you don't mind that once again; wealth is being concentrated at the top...got it

I don't know who their investors are. It could be someone in my 401K for all I know. As far as "wealth", well you can assume that today's pixels on a balance sheet represents something meaningful, but I do not. "Wealth" can change by billions of dollars a day

This is what wealth as done for the past 40 plus years....View attachment 499524


What I see wealth doing has been pretty consistent over that time.....it being concentrated at the top.....is that populism?

Eh, with 150K investors in their LLC, this is just a way for people to create profits on a larger scale.

A lot of these "We Buy Houses" people are fronts for investors and they are not exactly snapping up the high end of the market. They are churning undesirable/less desireable properties for flippers.

Blackrock is buying up whole subdivisions and these aren't just a couple of run-down houses.and over paying for it to drive out everyday folks...and they are using taxpayer money to do it.....

That leads to a crisis later.....and when that happens, I hope folks don't once again blame the "everyday people" for it while using tax dollars to propup the banks and hedge funds...again

Then everyday folk are getting more for their property then it is worth, so it is a win-win for the sellers and the buyers. You can't have your cake and eat it too. With interest rates being effectively zero percent and mortgages going out at less than 3%, then investors wanting to make money are going to look for new ways to do so. This just happens to be one of them.

By the way, in the example I posted in the OP

That over 50% offer --- that money didn't go to individual homeowners -- it went to D.R. Horton Inc...

The goal is to keep more and more people as permanent renters; not home owners....which is why this is being called "The Great Reset" -- the goal of trying to redistribute 100 trillion dollars up to the top

Capitalism?

Blackrock sells houses and manages portfolios. They make money as the middleman between their investors and their investments. Get in on the action or don't. The choice is yours. Don't like it, then stop supporting the government that is flooding the damn system with so much cheap cash people are having to find new and better ways to invest it.

So since this happened during the previous administration -- how did you stop "supporting the government" to do something about it?

Or when you say "stop supporting the government" -- that was just something stupid to say to hide the fact you are caping for crony capitalism?

I voted for a congressman who is a deficit hawk who opposes all this free money. And you?

In the mean time, I wish they would buy up my neighborhood. I would gladly take 25% over market value any day of the week.

But you most likely voted for a presidential admin who did the opposite.....

I am not a single issue voter -- the worship of wealth by both parties is something I can't do anything about...

But I can advocate for policies that at least mitigate the damage done to those with the least amount of power..and that is definitely not a Conservative trait...

The policies you advocate for haven't done anything for those with the least amount of power except make them more powerless and dependent. Your $3T infrastructure plan will just create more subdivisions for Blackrock to buy up and help Bezos make more profits as his fleet delivers more stuff more efficiently. Rinse and repeat. The Liberal Trait is to grease the wheels of money men every bit as much as the Conservatives.

How did Social Security and Medicare make people powerless??

How did pushing for stronger labor rights and collective bargaining make people powerless??

How is something like Overtime Pay protection making people powerless??


And why haven't you addressed this yet??
View attachment 499534

Is this healthy? is this that "free market" capitalism I keep hearing you folks worship??

I am not the only saying it is unsustainable either.....

"Unless the U.S. takes steps to make systemic repairs designed to provide greater opportunity for more Americans to achieve personal growth and financial security, the consequences likely will be painful for the country"

That wasn't some Democrat-Socialist lib who said that either.......
View attachment 499536

Why on Earth would he be ringing alarms if wealth being so heavily concentrated at the top is so great?

Even Trump campaign in 2015 on claiming the system is rigged....but he never really explained how....or even how he was going to fix it....trolling on Twitter definitely didn't fix capitalism

A wall of yawn. I have addressed your rich are getting richer canard many times on this site. Oh my what a scary graph. Well, let's see. Democratic and Republican administrations alike since the 80's have focused on having very low interest and inflation. Part of that is the government undercounts inflation by switching out goods in the measuring basket with the least expensive "alternative" so they do not have to keep paying cost of living increases to your precious social security beneficiaries whose purchasing power has declined drastically since the 70's. The only time they give them is when they need to up the cost of medicare to account for the inflated prices being driven by the ACA. Having Aunt Nancy "push for labor" has left union membership in a freefall because why pay the AFL-CIO when the dems will represent you for free? And of course since 1980, two very important things have happened---the computer chip revolutionized labor and individuals could start investing in 401K's and IRA's across the board. Based on consumption, poor people are doing better, not worse, because their money buys more, not less. Well until your $15 minimum wage makes them homeless and broke in the name of "helping" them.

 

[progressive hunter]

just another example of the transfer of wealth from the poor to the rich,, the elite are buying up entire neighborhoods and making them rentals so the middle class and poor can never own a house,,

Who is selling these properties to the wealthy?

why does that matter??

 

[Orangecat]

Who is selling these properties to the wealthy?

why does that matter??

Because if the poor are willingly selling these homes to the wealthy, then why are we supposed to feel sorry for the poor? If the banks are selling them to the wealthy, then the poor didn't own them in the first place and there is no wealth transfer between the classes, just the wealthy trading between themselves. This thread is just more mindless class warfare rhetoric to promote the left's marxist agenda. That's why it matters.

 

[progressive hunter]

Who is selling these properties to the wealthy?

why does that matter??

Because if the poor are willingly selling these homes to the wealthy, then why are we supposed to feel sorry for the poor? If the banks are selling them to the wealthy, then the poor didn't own them in the first place and there is no wealth transfer between the classes, just the wealthy trading between themselves. This thread is just more mindless class warfare rhetoric to promote the left's marxist agenda. That's why it matters.

poor people dont have homes to sell,,, theyre poor,, and now because these companies have increased the market price and decreased the supply the poor will have a harder time getting a house,,

 

[Orangecat]

In other words...you didn't want an answer...got it
If you don't plan on reading articles, then maybe you should shut your ***** ass up

You're not intelligent enough to hold an adult conversation. Have a great day.

 

[badger2]

But that $15 does not have to be given to the rent pimp’s ridiculous asking price. They are boycottable, but few have the stones.

 

[Mindful]

Democrats want us to be like Germany, where most people rent their homes and they are way too expensive to buy.

Democrats are the only ones buying houses? You forgot to prove that lie.
I already own house(s) and a large tract of land......There is no shortage just people who are not willing to pay the price..The wealthy buy houses for investment, oh my God we need to kill these Germans..I invest in housing and land and I am part German, insidious, no?

It’s not quite like that. Some houses in Germany are dirt cheap.

There’s no shame in renting, and real estate doesn’t drive the economy.

 

[progressive hunter]

But that $15 does not have to be given to the rent pimp’s ridiculous asking price. They are boycottable, but few have the stones.

who said they have ridiculous rent prices??

 

[Orangecat]

poor people dont have homes to sell,,, theyre poor,,

If poor people don't have homes to sell, then there is no wealth transfer from the poor to the wealthy, as the OP contends:

just another example of the transfer of wealth from the poor to the rich,,

and now because these companies have increased the market price and decreased the supply the poor will have a harder time getting a house,,

An owner of a property can set his price anywhere he wants, and the free market will determine if it sells or not. Why do you have a problem with that? Would you be okay with the government telling you what you can charge for your home if you decide to sell it?

This thread is nothing more than just leftist simps virtue signalling.

 

[badger2]

Badger said they have ridiculous rent prices. One has to be intelligent enough to realize that while you’re paying to breath in the rented space, the structure that encloses it is not yours though appreciating in value for the owner each passing day. You don’t get to own the euthanasia equipment.

 

[progressive hunter]

poor people dont have homes to sell,,, theyre poor,,

If poor people don't have homes to sell, then there is no wealth transfer from the poor to the wealthy, as the OP contends:

just another example of the transfer of wealth from the poor to the rich,,

and now because these companies have increased the market price and decreased the supply the poor will have a harder time getting a house,,

An owner of a property can set his price anywhere he wants, and the free market will determine if it sells or not. Why do you have a problem with that? Would you be okay with the government telling you what you can charge for your home if you decide to sell it?

This thread is nothing more than just leftist simps virtue signalling.

thanks for stopping by,,,

 

[Toddsterpatriot]

You trust Blackrock and the Feds for damn sure....

And you stil have yet to tell me how wealth being concentrated among the few is a benefit

Pointing out your errors means I trust Blackrock and the Fed?
You can't be that stupid........

Where did I claim wealth concentration was a benefit?

Are you responding to my posts, or to voices in your head?

My whole thread is centered on the dangers of looking the other way while wealth is being concentrated at the top -- it is unsustainable...

Paying 50% over "market value" is a good way to lose some wealth.

 

[Toddsterpatriot]

How did Social Security and Medicare make people powerless??

Do you think you have ownership rights to your Social Security?

 

[Toddsterpatriot]

just another example of the transfer of wealth from the poor to the rich,, the elite are buying up entire neighborhoods and making them rentals so the middle class and poor can never own a house,,

Who is selling these properties to the wealthy?

Shhhh........