Home ownership | BlackRock Inc. draws a bead on the American Dream.....

[Miss_Faucie_Fishtits]

It’s not exactly accurate that investors are “buying every single-family house they can find,” as some have suggested. If that were true, their market share in the United States wouldn’t be a piddling 15 percent. They’re really buying up the stock of relatively inexpensive single-family homes built since the 1970s in growing metro areas. They mostly ignore bigger and more expensive houses, especially ones that are move-in ready: Wealthy boomers and the nation’s finance and tech bros nab those properties. And they’re also ignoring cities with stable or shrinking populations, like Providence and Pittsburgh.

https://slate.com/business/2021/06/blac ... state.html

A few IDW and TradCon sites I've been following are on a tear against BlackRock Inc. and an investment strategy that will just about end the starter home market and any hope that young working and middle class families will ever leave the rental market. Others see a problem but singling out a scapegoat isn't the answer:

Housing prices have yanked the dream of homeownership out of the desperate, clutching hands of millions. Countless tenants don’t even have that dream, chafing under the increasing rent burdens they are forced to bear. And to top it all off, the rich just keep getting richer: The stock market is booming, homeowners have accumulated more than $1.5 trillion in equity since the Covid-19 recession began, and personal savings are up for most higher-income households.

https://www.vox.com/22524829/wall-stree ... ock-bubble

[Nonc Hilaire]

Yes, there is a push for international serfdom and Blackrock & State Street are the new sovereigns.

The land buying thing is simpler. Fiat money is heading for hyperinflation so elites are trading it for real estate. It’s now hard to get precious metals in quantity.

[noddy]

its all good, individually owned houses are bad for the environment and make it hard to provision social services.

the unemployed masturbators which are our future need serviced apartments and free internet, the rest is all nonsense they cant be bothered with.

I think im being sarky but im not sure - the inner city greeny types that dominate the media discussion are pretty close to that.

[Doc]

It’s not exactly accurate that investors are “buying every single-family house they can find,” as some have suggested. If that were true, their market share in the United States wouldn’t be a piddling 15 percent. They’re really buying up the stock of relatively inexpensive single-family homes built since the 1970s in growing metro areas. They mostly ignore bigger and more expensive houses, especially ones that are move-in ready: Wealthy boomers and the nation’s finance and tech bros nab those properties. And they’re also ignoring cities with stable or shrinking populations, like Providence and Pittsburgh.

https://slate.com/business/2021/06/blac ... state.html

A few IDW and TradCon sites I've been following are on a tear against BlackRock Inc. and an investment strategy that will just about end the starter home market and any hope that young working and middle class families will ever leave the rental market. Others see a problem but singling out a scapegoat isn't the answer:

Housing prices have yanked the dream of homeownership out of the desperate, clutching hands of millions. Countless tenants don’t even have that dream, chafing under the increasing rent burdens they are forced to bear. And to top it all off, the rich just keep getting richer: The stock market is booming, homeowners have accumulated more than $1.5 trillion in equity since the Covid-19 recession began, and personal savings are up for most higher-income households.

https://www.vox.com/22524829/wall-stree ... ock-bubble

Too much money chasing too few investments. BTW the FED has a discount window for the 24 biggest investment firms that is currently giving a 0.25% interest rate Which basically is zero percent interest. IE FREE MONEY. Making even more money available than there would be otherwise.

Meaning all of the above is official government policy. Next thing you know there will be calls for the equivalent of "ObamaShelter". Then after(or maybe before, depending on how much farmland Gates can buy up) that "ObamaFood"

2fd1sl.jpg (89.13 KiB) Viewed 267 times

Ultimately getting to "ObamaScrooge"

https://youtu.be/VBoWtV2bAJM?t=112

[Miss_Faucie_Fishtits]

bEQcyIGH_vQ

[Doc]

bEQcyIGH_vQ

Is there a term for people that are both megalomaniacs and psychopaths? Or do the terms basically mean the same thing?

Deaths have benefits. They can fertilise the ground.

Mao Zedong

When there is not enough to eat, people starve to death. It is better to let half of the people die so that the other half can eat their fill.

Mao Zedong

Communism is not love. Communism is a hammer which we use to crush the enemy.

Mao Zedong

People say that poverty is bad, but in fact poverty is good. The poorer people are, the more revolutionary they are. It is dreadful to imagine a time when everyone will be rich... From a surplus of calories people will have two heads and four legs.

Mao Zedong

Kindness in words creates confidence. Kindness in thinking creates profoundness. Kindness in giving creates love.

Mao Zedong

"Having too many people makes socialism difficult" - Kim il Jong

rRKY-5k1vrM

"Promises of sugar plumbs (worth Trillions) danced in their heads.":

https://thenationalpulse.com/politics/t ... i-jinping/

“The allure of being in Mr. Xi’s orbit was clearly too tantalizing for the executives to miss. After they arrived, the executives cooled their heels for more than 10 minutes, waiting for Mr. Xi to finish his tour of Microsoft. It was hard to imagine these execs waiting idly for 10 minutes anywhere else.”