You will own nothing and you will be happy.

Stone said:
I have a theory. Why would Blackrock and other investment firms be buying homes up when they are on a high? Actually,....they are offering over asking price just to get the property. Why would they do this? Certainly goes against conventional thinking. You buy low and sell high of course. In fact,...everything points to the real estate market heading for a major drop in value. In fact the worlds economic system is heading for a crater. Hmmmmm.

My theory? They want them for rental properties only. But why would you want to be in the rental business during a massive recession/depression event only to spend all of your time in and out of eviction court and chasing money from people who dont have it because they are broke? You wouldnt.

But what if economic conditions changed so drastically that there would be no home ownership any more? With no way to pay the rent on your own the GOVT would basically section 8 the whole country and pay your rent for you. The investment firms would now have guaranteed payments month after month year after year in perpetuity and YOU would be a slave living in your quarters with your minimum basic needs met.

You will own nothing and you will be happy.
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yes. exactly correct. they're pricing non oligarchs out of the market.
 
AssHatZombie said:
yes. exactly correct. they're pricing non oligarchs out of the market.
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But what happens to those of us that already own homes and other properties but refuse to sell? I get crap sent to me every other day from realtors telling me how much our properties have risen in value and if I would consider selling. I just throw the shit in the garbage. The answer is a hard NO,...not for any price.
 
They want our vacation home on the lake BADLY. Not happening. Fort knox wouldnt make me budge. Not for a stupid little piece of green paper who's value is less and less every day. Thats STUPID. :laugh:
 
Stone said:
But what happens to those of us that already own homes and other properties but refuse to sell? I get crap sent to me every other day from realtors telling me how much our properties have risen in value and if I would consider selling. I just throw the shit in the garbage. The answer is a hard NO,...not for any price.
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property taxes keep going up and up until you can't keep it.

upcoming generation have no hope of home ownership.

they will advise neural link and other escapisms to cope with the horror world they want to create.

neo-techno-feudalism comes to mind.
 
Stone said:
The big question is this......What happens to those of us who own our homes and properties? In the interest of fairness are they seized? Forced to sell to Uncle Sam?
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inflation takes care of it in a generation.
Itd increasinhly hasrder for 1st time home buyers yo get in the market.
 
Celticguy said:
inflation takes care of it in a generation.
Itd increasinhly hasrder for 1st time home buyers yo get in the market.
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Nothing wrong with that. Homeownership isn't a right. If you aren't prepared for a brief period of inflation, then you've planned really poorly.
 
much as we saw before, some nre way to hide bad debt will get created t oallow po folks back into the market and will create another housing collapse.
 
Celticguy said:
whats a "brief period ofr inflation" to you ?
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Inflation that is not part of the normal cycle. This inflation is tied to supply chain issues and a war in Ukraine. Americans are overleveraged. That's the result of the huge wage/wealth gap. I know YOU love it, but it is what is actually killing our economy. Not inflation. Unsecured debt was the trigger to economic boom of the 80's and 90's. We can blame that on Reagan too. He put the country on a path to ruin.
 
Stone said:
I have a theory. Why would Blackrock and other investment firms be buying homes up when they are on a high? Actually,....they are offering over asking price just to get the property. Why would they do this? Certainly goes against conventional thinking. You buy low and sell high of course. In fact,...everything points to the real estate market heading for a major drop in value. In fact the worlds economic system is heading for a crater. Hmmmmm.

My theory? They want them for rental properties only. But why would you want to be in the rental business during a massive recession/depression event only to spend all of your time in and out of eviction court and chasing money from people who dont have it because they are broke? You wouldnt.

But what if economic conditions changed so drastically that there would be no home ownership any more? With no way to pay the rent on your own the GOVT would basically section 8 the whole country and pay your rent for you. The investment firms would now have guaranteed payments month after month year after year in perpetuity and YOU would be a slave living in your quarters with your minimum basic needs met.

You will own nothing and you will be happy.
Click to expand...

Markets can over-inflate, and when they do, they create a huge bubble. New home housing starts are down and have been down for several years. When they aren't building new homes the price of used homes goes up. Prices are ridiculous right now, and that is good for people that already have homes. Unfortunately, there is a whole generation of younger people that are needing homes and they are priced out of the market.

You are right that the price of homes have about topped out, and the bubble is about to bust.

So, this is not a good time to buy real estate as you'll end up being stuck with a house that will lose money if you should want to sell after the bubble bursts.

And to be honest, it is not really a time to sell your used home either, as you will be shocked at the prices you will have to pay to get back into a house with the same footage and amenities as you have now!

One of the reasons for the housing crisis is a lot of cities are putting moratoriums on building affordable housing. Any new homes in my town are up into the 500K range and the city council just rejected proposals to build any and all new affordable housing that was pending.

Our town is run by a Republican White mayor that owns a real estate company, and he owns every property on our town square. And all the City council members are white Republicans and every one of them are in the Real Estate Business.

What we have here is a conflict of interests.
 
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Geeko Sportivo said:
Markets can over-inflate, and when they do, they create a huge bubble. New home housing starts are down and have been down for several years. When they aren't building new homes the price of used homes goes up. Prices are ridiculous right now, and that is good for people that already have homes. Unfortunately, there is a whole generation of younger people that are needing homes and they are priced out of the market.

You are right that the price of homes have about topped out, and the bubble is about to bust.

So, this is not a good time to buy real estate as you'll end up being stuck with a house that will lose money if you should want to sell after the bubble bursts.

And to be honest, it is not really a time to sell your used home either, as you will be shocked at the prices you will have to pay to get back into a house with the same footage and amenities as you have now!

One of the reasons for the housing crisis is a lot of cities are putting moratoriums on building affordable housing. Any new homes in my town are up into the 500K range and the city council just rejected proposals to build any and all new affordable housing that was pending.

Our town is run by a Republican White mayor that owns a real estate company, and he owns every property on our town square. And all the City council members are white Republicans and every one of them are in the Real Estate Business.

What we have here is a conflict of interests.
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and the inflation. don't forget the inflation caused by years of wreckless juicing by keynesian psychotic war criminals.
 
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