You will own nothing and you will be happy.

Diesel said:
Real estate has a value attached to it. When you spend one amount of money for a property and then later sell it for more, you've enjoyed the benefit of an appreciating market. All currency is "made out of thin air". You just don't understand a spit about economics.
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nope. only fiat currency.
 
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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Well it might be a theory, it is an idiotic one.

There are currently over 82 million homeowners in the US. About 65% of US households own their home. If we assume that the average home is valued at $250,000 that would put the value of those homes owned by homeowners at over $20 trillion which is roughly the entire GDP for the US last year.

Basically, you are saying that the hedgefunds are going to be able to borrow more than the entire US GDP and buy up all the homes. And then the US govt will pay over 2 trillion per year to house people?

If the markets changed so drastically that the value of those homes went down, the hedgefunds owning all those homes would all go bankrupt because under federal law they need to hold assets that cover their investments. At that point, they would have to start selling all those homes which would drive home prices down and all the renters could buy homes for less than they are paying for rent.
 
Diesel said:
What happens when you refuse to sell? Then you continue to own your property. Just like yesterday. Just like today. Just like tomorrow. This is the dumbest fucking thread I've seen in a long time.
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Good. Get the fuck out of it then you ratfaced pudgy little rodent. You are uglying up the whole thread anyway. Little faggot.
 
Diesel said:
You think that liberals eliminated group activities? It couldn't have possibly had anything to do with the internet, right? And I don't know about you, but I attend group activities constantly (except when there's a global pandemic).
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Yep. Fag parties, passarounds, letting guys gang bang you. I know. Nasty little bastard.
 
Stone said:
Good. Get the fuck out of it then you ratfaced pudgy little rodent. You are uglying up the whole thread anyway. Little faggot.
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Not yet. I'm just constantly astounded by the depths of your stupidity and want to read a little more. "What happens when private home ownership is eliminated?" You galactically dumb piece of shit.
 
Stone said:
Yep. Fag parties, passarounds, letting guys gang bang you. I know. Nasty little bastard.
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I haven't been around the forum recently, but I see you're still obsessed with gay sex. Get the fuck over it, fat ass.
 
Stone said:
1....EVERYONE is capable

2...Not only do I love being a white man,...I am extremely proud of my heritage. We ALL should be regardless of what that heritage may be. I have bigtime love for my people.
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I have about 1/8th Indian blood as my great Grandmother was full Blooded Choctaw. I am more proud of my Indian Blood than my Scottish and Irish bloodlines.
 
Geeko Sportivo said:
I have about 1/8th Indian blood as my great Grandmother was full Blooded Choctaw. I am more proud of my Indian Blood than my Scottish and Irish bloodlines.
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WHY? They got their asses kicked and their land taken from them in battle. They lost......badly. :laugh:
 
Stone said:
WHY? They got their asses kicked and their land taken from them in battle. They lost......badly. :laugh:
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I love both Cowboy and Indian lore! As I am just as much a Texas Cattleman as well as I also possess a call of the wild, I attribute to my Indian heritage.
 
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