We Buy Houses signs hanging up everywhere?
Read up on Blackrock buying up properties over listing and renting them out in an effort to control the housing markets in certain areas.
Also printing funny money, giving certain corperations (blackrock?) no interest loans and raising interest rates on private homebuyers has nothing to do with it.
#2 30% of all houses are being bought by our federal government. Thats right, theres a 30% chance when you go to buy a house you will be bidding against your own tax dollars. "What?? How does that work??" You might ask. Well, have you heard of black rock? Well they are a massive equity fund that is shoring up treasury dollars into "assets". It just happens that now they are shoring up your tax dollars, using 0% interest government loans, into "real estate". So the government is using your tax dollars to make you poor and force you into a lifetime of renting. A "rental class" as you might call it. You might say "Wow, doesnt that hurt the American people in the long run? Because home ownership has been historically the #1 way Americans go from low-middle class to upper-middle class in their lifetime?" And the answer is, they dont give a fuck about you. Our government does not care one fucking iota about you. They want you renting, leasing, voting for the oglirachy, scared, buying groceries off amazon and wasting your extra money on fucko-pops or marvel toys. Fuck you.
The number of "cash offer" people out there is just ridiculous. I just got yet
another scam-call to make an offer on my house I just sold 2 weeks ago. The sad thing is while we had it up for sale, I would get 4-5 calls per week to "make an offer." I followed up with a couple just to see what they were offering ("who knows," I thought, "maybe they'll be close to our asking price"). House was on the market for $600k; their "offer" was less than $400k. I still got calls even when the MLS listing changed to "sale pending" and I'm still getting calls after it has sold.
That house was on the "outskirts" of town, so it wasn't as hot as some of the houses closer to or in the city, but we still sold it for almost double what we paid for it 3 years ago.
I used to be "kind" to the people making the calls (it's just their job, whatever), but after getting the same call from the same person 4 days in a row I made sure that they'd remember my phone number and skip over it when they got their daily list. That lasted about a week, now I have a new person calling.
It's not just Black Rock, a lot of corporations are hedging against inflation by investing in real-estate via REITs or other Real-Estate based investment companies. This is creating an artificial increase in demand and while individuals must get loans from mortgage companies, corporations are investing capital (cash) they already have. I think that the low-ballers are investment firms that aren't interested in renting the properties out, just acquiring property that they can sell to another investor (house flipper) when they want and paying bottom dollar for a home that already needs work is lower risk than buying a nice home that'll sit empty and deteriorate into needed work.
Meanwhile this will all come to a head eventually and the bubble will pop. What will happen with these .gov backed entities (and other investment co's that are "renting" out their properties) when that happens? "Oh, no, Blackrock is too big to fail; too many people rent from Black Rock, the .gov must step in and save them so these people don't end up homeless." Boom: instant socialized housing.
"You'll own nothing and like it" anyone?
nice, that's interesting.
