Monad Portal
Was it me?
black rock and vanguard are buying up property to stabilize the market and create a generation of renters instead of owners.
You will own nothing and you will be happy.
Housing Bubble is bursting
- Thread starter Celticguy
- Start date
black rock and vanguard are buying up property to stabilize the market and create a generation of renters instead of owners.
You will own nothing and you will be happy.
cawacko
Well-known member
I love talking about housing but TBH I'm totally lost on the angle you are pushing here. When I talk about housing being largely a state and local issue I'm talking about zoning laws and the ability to build. In a previous life when my firm partnered with/funded new development we didn't go to the federal gov't to get approval. We went to local planning commissions and Board of Supervisors to get approval. The federal gov't isn't responsible for California under building for four decades. That's a state and local issue.
Yes the federal gov't can try and offer subsidies for things but that's not driving the market. And what you are posting are proposed plans. That has nothing to do with how we got where we are today.
Monad Portal
Was it me?
Monad Portal
Was it me?
The biggest change in housing for americans is blackrock propping up the market. thus keeping ownership from poor people.
even as our society is disintegrating they will engineer the fall to forever keep the poor poor and homeless.
even as our society is disintegrating they will engineer the fall to forever keep the poor poor and homeless.
cawacko
Well-known member
Blackrock is not our biggest problem. Far from it. We can't have the population growth we have and then restrict the amount of housing supply and expect values to stay affordable. (And then you have the Fed keeping rates at zero and pushing people into assets such as housing to chase yield - which is what Blackrock and others have done.)
Monad Portal
Was it me?
black rock is keeping prices high with massive buying to keep people from home ownership and keep them renters.
this is artificial market support and gentrification all at the same time.
their mission is to keep people out of the amerian dream.
cawacko
Well-known member
Blaming Blackrock is misdiagnosing the problem. You are missing the fundamental big picture of why we have the housing shortages we do. I'm not saying this as a defense of Blackrock rather just stating the facts.
Monad Portal
Was it me?
This is how big Corps destroy the American dream! Blackrock is buying up US homes like no tomorrow
Jul 15, 20215
Blackrock - one of the largest asset management firms - is buying up US homes like no tomorrow, why blackrock is buying homes in the us, big companies buy homes in the us, real estate bought by big companies in the us
Blackrock – one of the largest asset management firms – is buying up US homes like no tomorrow
Homeownership has long been considered an important tool for building financial security and wealth, but it’s becoming more difficult for Americans to achieve. Younger generations are less likely to own a home than those from older generations, with millennials’ homeownership rate 8% lower than that of generation X and baby boomers at the same age.
If the rate had remained steady, about 3.4 million more people would own homes in the U.S. today but, instead, younger adults are increasingly choosing to either rent or live with their parents. There are a number of reasons why homeownership has become less attainable than it was decades ago, from rising debt in younger generations to increased cost of living.
A report by the Urban Institute found half those aged 18 to 34 were spending upward of 30% of their income on rent, making them “rent-burdened.” Meanwhile, median housing prices increased 28% in the last two years, pricing some out of the market. However, the shift is not all happenstance.
In the first quarter of 2021, 15% of U.S. homes sold were purchased by corporate investors — not families looking to achieve their American dream. While they’re competing with middle-class Americans for the homes, the average American has virtually no chance of winning a home over an investment firm, which may pay 20% to 50% over asking price, in cash, sometimes scooping up entire neighborhoods at once so they can turn them into rentals.
BlackRock is buying up US houses
BlackRock is one of a number of companies mentioned by The Wall Street Journal in a recent exposé. “Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices,” they warned. The question is, why would institutional investors and BlackRock, which manages assets worth $5.7 trillion, be interested in overpaying for modest, single family homes?
https://strangesounds.org/2021/07/b...e-no-tomorrow-real-estate-market-housing.html
Monad Portal
Was it me?
To understand the answer, you must look at BlackRock’s partners, which include the World Economic Forum (WEF), and their extreme political and financial clout. In a Twitter thread posted by user Culturalhusbandry, it’s noted:
If the average American is pushed out of the housing market, and most of the available housing is owned by investment groups and corporations, you become beholden to them as your landlord. This fulfills part of the Great Reset’s “new normal” dictum — the part where you will own nothing and be happy. This isn’t a conspiracy theory; it’s part of WEF’s 2030 agenda.
The unstated implication is that the world’s resources will be owned and controlled by the technocratic elite, and you’ll have to pay for the temporary use of absolutely everything. Nothing will actually belong to you, including your home. All items and resources are to be used by the collective, while actual ownership is restricted to an upper stratum of social class. The wealth transfer has already begun.
BlackRock’s has no rivals on the market
The New York Times and a majority of other legacy media are largely owned by BlackRock and the Vanguard Group, the two largest asset management firms in the world, which also control Big Pharma. And it doesn’t end there.
PROTECT YOUR HOME AND CAR WITH THE BEST LIGHTNING AND EMP PROTECTION AVAILABLE…
BlackRock and Vanguard are at the top of a pyramid that controls basically everything, but you don’t hear about their terrifying monopoly because they also own the media. You can watch all the details about BlackRock’s monopoly in this video, but Humans Are Free summed it up this way:
“The power of these two companies is beyond your imagination. Not only do they own a large part of the stocks of nearly all big companies but also the stocks of the investors in those companies. This gives them a complete monopoly. A Bloomberg report states that both these companies in the year 2028, together will have investments in the amount of 20 trillion dollars. That means that they will own almost everything.
Bloomberg calls BlackRock ‘The fourth branch of government,’ because it’s the only private agency that closely works with the central banks. BlackRock lends money to the central bank but it’s also the advisor. It also develops the software the central bank uses.
… BlackRock, itself is also owned by shareholders … The biggest shareholder is Vanguard … The elite who own Vanguard apparently do not like being in the spotlight but of course they cannot hide from who is willing to dig. Reports from Oxfam and Bloomberg say that 1% of the world, together owns more money than the other 99%.
Even worse, Oxfam says that 82% of all earned money in 2017 went to this 1%. In other words, these two investment companies, Vanguard and BlackRock hold a monopoly in all industries in the world and they, in turn are owned by the richest families in the world, some of whom are royalty and who have been very rich since before the Industrial Revolution.”
BlackRock may control the World’s Economic Future
To put this into perspective, BlackRock, an investment firm, has more power than most governments on Earth, and it also controls the Federal Reserve, Wall Street mega-banks like Goldman Sachs and the WEF’s Great Reset, according to F. William Engdahl, a strategic risk consultant and lecturer who holds a degree in politics from Princeton University.
Engdahl believes that, left unchecked, BlackRock will soon control the economic future of the world, and states, “BlackRock is the epitome of what Mussolini called Corporatism, where an unelected corporate elite dictates top down to the population.” For instance, three influential economic appointees of the current administration come from BlackRock.
“There is a definite pattern and suggests that the role of BlackRock in Washington is far larger than we are being told,” Engdahl says. The Campaign for Accountability also released a report in 2019 detailing how BlackRock “implemented a strategy of lobbying, campaign contributions, and revolving door hires to fight off government regulation and establish itself as one of the most powerful financial companies in the world.”
BlackRock founder and CEO Larry Fink also has close ties to WEF’s head Klaus Schwab, and joined WEF’s board in 2019. According to Engdahl:
“Fink … now stands positioned to use the huge weight of BlackRock to create what is potentially, if it doesn’t collapse before, the world’s largest Ponzi scam, ESG [Environment, Social values and Governance] corporate investing. Fink with $9 trillion to leverage is pushing the greatest shift of capital in history into a scam known as ESG Investing.
The UN ‘sustainable economy’ agenda is being realized quietly by the very same global banks which have created the financial crises in 2008. This time they are preparing the Klaus Schwab WEF Great Reset by steering hundreds of billions and soon trillions in investment to their hand-picked ‘woke’ companies, and away from the ‘not woke’ such as oil and gas companies or coal.
… Oil companies like ExxonMobil or coal companies no matter how clear are doomed as Fink and friends now promote their financial Great Reset or Green New Deal … And we can expect that the New York Times will cheer BlackRock on as it destroys the world financial structures.”
PROTECT YOUR HOME AND CAR WITH THE BEST LIGHTNING AND EMP PROTECTION AVAILABLE…
Blackstone Is the Largest Landlord in the US
Another giant private equity firm, Blackstone, is also deeply entrenched in U.S. real estate. Blackstone is the largest landlord in the U.S. as well as the largest real estate company worldwide, with a portfolio worth $325 billion. In June 2021, Blackstone agreed to buy Home Partners of America, a company that rents single-family houses, and its 17,000 houses, for $6 billion.
Blackstone and BlackRock sound alike for a reason. Blackstone’s co-founder, billionaire Steve Schwarzman, said during an interview on Squawk Box that he and Fink “started in business together. We put up the initial capital.” BlackRock used to be called Blackstone Financial, but Fink went off on his own. Schwarzman said, “Larry and I were sitting down and he said, ‘What do you think sort of about having a family name with ‘black’ in it,’” and BlackRock was born.
Blackstone became notorious for swooping in after the housing bubble burst and buying tens of thousands of homes at deeply discounted prices. They then turned them into single-family rentals, taking advantage of the recession.
In 2017, Bloomberg reported: “Blackstone built its rental-home business with an advantage few if any other buyers could match: billions of dollars in credit from large banks. Its Invitation Homes subsidiary quickly became the largest single-family home landlord in the U.S., with 50,000 properties. Altogether, hedge funds, private-equity firms and real estate investment trusts have raised about $20 billion to purchase as many as 200,000 homes to rent.”
Now, with many struggling due to yearlong business shutdowns and lockdowns, and home prices rising, many Americans are having difficulty finding affordable single-family homes to buy.
BlackRock owns your house, Gates owns your farmland
Both BlackRock CEO Fink and Bill Gates are pushing for “net zero” carbon emissions. But as BlackRock is busy buying up houses, Gates is hard at work amassing farmland and is now the largest owner of farmland in the U.S.
By 2030, Gates is pushing for drastic, fundamental changes, including widespread consumption of fake meat, adoption of next generation nuclear energy and growth of a fungus as a new type of nutritional protein. The deadline Gates has given to reach net zero emissions is 2050, likely because he wants to realize his global vision during his lifetime.
But according to Vandana Shiva, in order to force the world to accept this new food and agricultural system, new conditionalities are being created through net zero “nature-based” solutions.
PROTECT YOUR HOME AND CAR WITH THE BEST LIGHTNING AND EMP PROTECTION AVAILABLE…
Navdanya’s report, “Earth Democracy: Connecting Rights of Mother Earth to Human Rights and Well-Being of All,” explains: “If ‘feeding the world’ through chemicals and dwarf varieties bred for chemicals was the false narrative created to impose the Green Revolution, the new false narrative is ‘sustainability’ and ‘saving the planet.’ In the new ‘net zero’ world, farmers will not be respected and rewarded as custodians of the land and caregivers, as Annadatas, the providers of our food and health.
… ‘Net Zero’ is a new strategy to get rid of small farmers in first through ‘digital farming’ and ‘farming without farmers’ and then through the burden of fake carbon accounting.
Carbon offsets and the new accounting trick of ‘net zero’ does not mean zero emissions. It means the rich polluters will continue to pollute and also grab the land and resources of those who have not polluted — indigenous people and small farmers — for carbon offsets.”
A new wave of colonization
Ultimately, we’re heading for a new wave of colonization in the name of sustainability and net zero carbon emissions. The solutions are complex. Some have suggested that one solution is to make building homes less expensive, so that new construction homes become less expensive. This, in turn, would drive down the cost of existing homes.
The video at the top of this article goes into detail about another solution: ending the Federal Reserve to stop the central planning of our money supply and interest rates, which are artificially suppressed in a way that is most taken advantage of by the top 1%, contributing to growing wealth inequality.
This engineered pandemic has catalyzed the transfer of wealth to the rich and, while the major players pushing for the Great Reset are still emerging, BlackRock and Blackstone are names to keep your eye on.
The media-fueled dividing lines of race, religion, past-colonization, gender and sexual orientation are meant to divide and distract the average person from the real sources of oppression and inequality in our world today – namely companies like Blackrock and Vanguard – who are seeking to eventually bring about a new form of feudalism where they own everything and the average person owns nothing. [Mercola, Sott]
StrangeSounds.org has been banned from ADS NETWORKS! CLICK HERE TO DONATE AND SUPPORT ME, MY WORK AND MY WEBSITE!
from same article as previous post.
If the average American is pushed out of the housing market, and most of the available housing is owned by investment groups and corporations, you become beholden to them as your landlord. This fulfills part of the Great Reset’s “new normal” dictum — the part where you will own nothing and be happy. This isn’t a conspiracy theory; it’s part of WEF’s 2030 agenda.
The unstated implication is that the world’s resources will be owned and controlled by the technocratic elite, and you’ll have to pay for the temporary use of absolutely everything. Nothing will actually belong to you, including your home. All items and resources are to be used by the collective, while actual ownership is restricted to an upper stratum of social class. The wealth transfer has already begun.
BlackRock’s has no rivals on the market
The New York Times and a majority of other legacy media are largely owned by BlackRock and the Vanguard Group, the two largest asset management firms in the world, which also control Big Pharma. And it doesn’t end there.
PROTECT YOUR HOME AND CAR WITH THE BEST LIGHTNING AND EMP PROTECTION AVAILABLE…
BlackRock and Vanguard are at the top of a pyramid that controls basically everything, but you don’t hear about their terrifying monopoly because they also own the media. You can watch all the details about BlackRock’s monopoly in this video, but Humans Are Free summed it up this way:
“The power of these two companies is beyond your imagination. Not only do they own a large part of the stocks of nearly all big companies but also the stocks of the investors in those companies. This gives them a complete monopoly. A Bloomberg report states that both these companies in the year 2028, together will have investments in the amount of 20 trillion dollars. That means that they will own almost everything.
Bloomberg calls BlackRock ‘The fourth branch of government,’ because it’s the only private agency that closely works with the central banks. BlackRock lends money to the central bank but it’s also the advisor. It also develops the software the central bank uses.
… BlackRock, itself is also owned by shareholders … The biggest shareholder is Vanguard … The elite who own Vanguard apparently do not like being in the spotlight but of course they cannot hide from who is willing to dig. Reports from Oxfam and Bloomberg say that 1% of the world, together owns more money than the other 99%.
Even worse, Oxfam says that 82% of all earned money in 2017 went to this 1%. In other words, these two investment companies, Vanguard and BlackRock hold a monopoly in all industries in the world and they, in turn are owned by the richest families in the world, some of whom are royalty and who have been very rich since before the Industrial Revolution.”
BlackRock may control the World’s Economic Future
To put this into perspective, BlackRock, an investment firm, has more power than most governments on Earth, and it also controls the Federal Reserve, Wall Street mega-banks like Goldman Sachs and the WEF’s Great Reset, according to F. William Engdahl, a strategic risk consultant and lecturer who holds a degree in politics from Princeton University.
Engdahl believes that, left unchecked, BlackRock will soon control the economic future of the world, and states, “BlackRock is the epitome of what Mussolini called Corporatism, where an unelected corporate elite dictates top down to the population.” For instance, three influential economic appointees of the current administration come from BlackRock.
“There is a definite pattern and suggests that the role of BlackRock in Washington is far larger than we are being told,” Engdahl says. The Campaign for Accountability also released a report in 2019 detailing how BlackRock “implemented a strategy of lobbying, campaign contributions, and revolving door hires to fight off government regulation and establish itself as one of the most powerful financial companies in the world.”
BlackRock founder and CEO Larry Fink also has close ties to WEF’s head Klaus Schwab, and joined WEF’s board in 2019. According to Engdahl:
“Fink … now stands positioned to use the huge weight of BlackRock to create what is potentially, if it doesn’t collapse before, the world’s largest Ponzi scam, ESG [Environment, Social values and Governance] corporate investing. Fink with $9 trillion to leverage is pushing the greatest shift of capital in history into a scam known as ESG Investing.
The UN ‘sustainable economy’ agenda is being realized quietly by the very same global banks which have created the financial crises in 2008. This time they are preparing the Klaus Schwab WEF Great Reset by steering hundreds of billions and soon trillions in investment to their hand-picked ‘woke’ companies, and away from the ‘not woke’ such as oil and gas companies or coal.
… Oil companies like ExxonMobil or coal companies no matter how clear are doomed as Fink and friends now promote their financial Great Reset or Green New Deal … And we can expect that the New York Times will cheer BlackRock on as it destroys the world financial structures.”
PROTECT YOUR HOME AND CAR WITH THE BEST LIGHTNING AND EMP PROTECTION AVAILABLE…
Blackstone Is the Largest Landlord in the US
Another giant private equity firm, Blackstone, is also deeply entrenched in U.S. real estate. Blackstone is the largest landlord in the U.S. as well as the largest real estate company worldwide, with a portfolio worth $325 billion. In June 2021, Blackstone agreed to buy Home Partners of America, a company that rents single-family houses, and its 17,000 houses, for $6 billion.
Blackstone and BlackRock sound alike for a reason. Blackstone’s co-founder, billionaire Steve Schwarzman, said during an interview on Squawk Box that he and Fink “started in business together. We put up the initial capital.” BlackRock used to be called Blackstone Financial, but Fink went off on his own. Schwarzman said, “Larry and I were sitting down and he said, ‘What do you think sort of about having a family name with ‘black’ in it,’” and BlackRock was born.
Blackstone became notorious for swooping in after the housing bubble burst and buying tens of thousands of homes at deeply discounted prices. They then turned them into single-family rentals, taking advantage of the recession.
In 2017, Bloomberg reported: “Blackstone built its rental-home business with an advantage few if any other buyers could match: billions of dollars in credit from large banks. Its Invitation Homes subsidiary quickly became the largest single-family home landlord in the U.S., with 50,000 properties. Altogether, hedge funds, private-equity firms and real estate investment trusts have raised about $20 billion to purchase as many as 200,000 homes to rent.”
Now, with many struggling due to yearlong business shutdowns and lockdowns, and home prices rising, many Americans are having difficulty finding affordable single-family homes to buy.
BlackRock owns your house, Gates owns your farmland
Both BlackRock CEO Fink and Bill Gates are pushing for “net zero” carbon emissions. But as BlackRock is busy buying up houses, Gates is hard at work amassing farmland and is now the largest owner of farmland in the U.S.
By 2030, Gates is pushing for drastic, fundamental changes, including widespread consumption of fake meat, adoption of next generation nuclear energy and growth of a fungus as a new type of nutritional protein. The deadline Gates has given to reach net zero emissions is 2050, likely because he wants to realize his global vision during his lifetime.
But according to Vandana Shiva, in order to force the world to accept this new food and agricultural system, new conditionalities are being created through net zero “nature-based” solutions.
PROTECT YOUR HOME AND CAR WITH THE BEST LIGHTNING AND EMP PROTECTION AVAILABLE…
Navdanya’s report, “Earth Democracy: Connecting Rights of Mother Earth to Human Rights and Well-Being of All,” explains: “If ‘feeding the world’ through chemicals and dwarf varieties bred for chemicals was the false narrative created to impose the Green Revolution, the new false narrative is ‘sustainability’ and ‘saving the planet.’ In the new ‘net zero’ world, farmers will not be respected and rewarded as custodians of the land and caregivers, as Annadatas, the providers of our food and health.
… ‘Net Zero’ is a new strategy to get rid of small farmers in first through ‘digital farming’ and ‘farming without farmers’ and then through the burden of fake carbon accounting.
Carbon offsets and the new accounting trick of ‘net zero’ does not mean zero emissions. It means the rich polluters will continue to pollute and also grab the land and resources of those who have not polluted — indigenous people and small farmers — for carbon offsets.”
A new wave of colonization
Ultimately, we’re heading for a new wave of colonization in the name of sustainability and net zero carbon emissions. The solutions are complex. Some have suggested that one solution is to make building homes less expensive, so that new construction homes become less expensive. This, in turn, would drive down the cost of existing homes.
The video at the top of this article goes into detail about another solution: ending the Federal Reserve to stop the central planning of our money supply and interest rates, which are artificially suppressed in a way that is most taken advantage of by the top 1%, contributing to growing wealth inequality.
This engineered pandemic has catalyzed the transfer of wealth to the rich and, while the major players pushing for the Great Reset are still emerging, BlackRock and Blackstone are names to keep your eye on.
The media-fueled dividing lines of race, religion, past-colonization, gender and sexual orientation are meant to divide and distract the average person from the real sources of oppression and inequality in our world today – namely companies like Blackrock and Vanguard – who are seeking to eventually bring about a new form of feudalism where they own everything and the average person owns nothing. [Mercola, Sott]
StrangeSounds.org has been banned from ADS NETWORKS! CLICK HERE TO DONATE AND SUPPORT ME, MY WORK AND MY WEBSITE!
from same article as previous post.
Monad Portal
Was it me?
What Is Rent Seeking?
Rent seeking (or rent-seeking) is an economic concept that occurs when an entity seeks to gain added wealth without any reciprocal contribution of productivity. Typically, it revolves around government-funded social services and social service programs.
KEY TAKEAWAYS
Rent seeking is an economic concept that occurs when an entity seeks to gain wealth without any reciprocal contribution of productivity.
The term rent in rent seeking is based on the economic definition of “rent,” which is defined as economic wealth obtained through shrewd or potentially manipulative use of resources.
An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.
Rent seeking comes in many forms from lobbying or donating funds.
For example, if you donate money but write it off on your taxes, it could be considered a form of rent seeking.1
1:20
Watch Now: What Is Rent Seeking?
Understanding Rent Seeking
The concept of rent seeking was established in 1967 by Gordon Tullock and later popularized by Anne Krueger in 1974. It evolved from the studies of Adam Smith, and he is often regarded as the father of economics. The concept is based on an economic definition of "rent," defined as economic wealth obtained through shrewd or potentially manipulative use of resources.2
Smith's studies suggested that entities earn income from wages, profit, and rent. To create profit usually requires the risk of capital with the goal of gaining a return. Earning wages comes from employment. However, rent is the easiest to obtain of the three income sources and can require little risk.3
Economic rent is the income earned from the utilization of resource ownership. Entities that own resources can lend them to earn interest rents, lease them to earn rental income, or may utilize their resources in other income-producing ways.
In general, the term economic rent has evolved to mean receiving a payment that exceeds the costs involved in the associated resource. Entities, therefore, will take rent-seeking steps to obtain economic rent that requires no reciprocal contribution of production.
One example of rent seeking is when a company hires lobbyists to encourage the government to change regulations to make it easier for them to earn profits, versus trying to spend time and money on improving their goods in the marketplace.
Rent Seeking Factors and Examples
Rent seeking is a byproduct of political legislation and government funding. Politicians decide the laws, regulations, and funding allocations that govern industries and government subsidy distributions. These legislations and actions manifest rent-seeking behaviors by offering economic rent with little or no reciprocity.
Business Rent Seekers
Business social service programs are typically designed to provide aid for businesses with the goal of fostering economic prosperity.
For example, businesses, like banks, can lobby the government for help in the areas of competition, special subsidies, grants, and tariff protection. If a business succeeds in getting laws passed to limit their competition, bail them out of economic hardship, or create barriers to entry for others, it can achieve economic rents without any added productivity or capital at risk.4
https://www.investopedia.com/terms/...-seeking,services and social service programs.
Rent seeking (or rent-seeking) is an economic concept that occurs when an entity seeks to gain added wealth without any reciprocal contribution of productivity. Typically, it revolves around government-funded social services and social service programs.
KEY TAKEAWAYS
Rent seeking is an economic concept that occurs when an entity seeks to gain wealth without any reciprocal contribution of productivity.
The term rent in rent seeking is based on the economic definition of “rent,” which is defined as economic wealth obtained through shrewd or potentially manipulative use of resources.
An example of rent seeking is when a company lobbies the government for grants, subsidies, or tariff protection.
Rent seeking comes in many forms from lobbying or donating funds.
For example, if you donate money but write it off on your taxes, it could be considered a form of rent seeking.1
1:20
Watch Now: What Is Rent Seeking?
Understanding Rent Seeking
The concept of rent seeking was established in 1967 by Gordon Tullock and later popularized by Anne Krueger in 1974. It evolved from the studies of Adam Smith, and he is often regarded as the father of economics. The concept is based on an economic definition of "rent," defined as economic wealth obtained through shrewd or potentially manipulative use of resources.2
Smith's studies suggested that entities earn income from wages, profit, and rent. To create profit usually requires the risk of capital with the goal of gaining a return. Earning wages comes from employment. However, rent is the easiest to obtain of the three income sources and can require little risk.3
Economic rent is the income earned from the utilization of resource ownership. Entities that own resources can lend them to earn interest rents, lease them to earn rental income, or may utilize their resources in other income-producing ways.
In general, the term economic rent has evolved to mean receiving a payment that exceeds the costs involved in the associated resource. Entities, therefore, will take rent-seeking steps to obtain economic rent that requires no reciprocal contribution of production.
One example of rent seeking is when a company hires lobbyists to encourage the government to change regulations to make it easier for them to earn profits, versus trying to spend time and money on improving their goods in the marketplace.
Rent Seeking Factors and Examples
Rent seeking is a byproduct of political legislation and government funding. Politicians decide the laws, regulations, and funding allocations that govern industries and government subsidy distributions. These legislations and actions manifest rent-seeking behaviors by offering economic rent with little or no reciprocity.
Business Rent Seekers
Business social service programs are typically designed to provide aid for businesses with the goal of fostering economic prosperity.
For example, businesses, like banks, can lobby the government for help in the areas of competition, special subsidies, grants, and tariff protection. If a business succeeds in getting laws passed to limit their competition, bail them out of economic hardship, or create barriers to entry for others, it can achieve economic rents without any added productivity or capital at risk.4
https://www.investopedia.com/terms/...-seeking,services and social service programs.
Matt Dillon
Retardium User
I get the feeling you're getting way out there on the internet, brah. Bring it on home and embrace the tangible and proven fer a minute.
Monad Portal
Was it me?
This is all provable.
this is what high financiers are doing with their dark pools of cash.
Matt Dillon
Retardium User
I wouldn't be surprised if Chinese state money is mixed in with it.
Monad Portal
Was it me?
me either.
T. A. Gardner
Serial Thread Killer
What's happening is the federal government is pushing small multi-family apartments (2 - 4 units) on what were previously zoned for single-family homes, low-cost apartments, and subsidizing these while fighting to get states and local governments to reduce or end zoning for single-family homes. The result of this is that developers have moved to where the money is: Small apartments on re-zoned lots. Seen a number of these now in Phoenix. In fact, people with the cash and credit are getting into this because they can just afford it and the government is heavily subsidizing it.
The problem here is the same sort of investors that caused the last housing crash are the exact same sort that are pushing us towards the next crash. In the meantime, demand for single-family housing is out-of-sight with several million units short of what the demand is nationally. In Phoenix the shortage is about 30,000 units right now or so my realtor says. That's driving the price of housing out-of-sight here.
At the same time there's too many apartments and the rent is skyrocketing because landlords are forced to raise rents on their renters to cover the cost of the empty units too.
That's happening right now. Phoenix is the 5th largest city in the US, and it is not an exception.
their interest is in making a buck
that you think only prices in and around NYC are out of whack demonstrates ignorance of the nature of the housing market nationwide.
certainly outside SF Bay area. places with less organic competition to begin with.
Althea
Althea told me...
LMAO