User Panel
User Panel
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AZ, USA
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Posted: 8/27/2024 11:00:19 AM EDT
[#1]
Quote HistoryOriginally Posted By JaredGrey: Any corporation that owns more than 5 single family homes and isn’t headquartered in the same city as those homes should be taxed so heavily that their taxes construct an equivalent number of new single family homes per year. or u know...not given the free money from the fed to do it in the first place... |
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AZ, USA
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Posted: 8/27/2024 11:00:57 AM EDT
[#2]
Quote HistoryOriginally Posted By Some_Beach: Capitalism is scary this is pure and simple fascist business model NOT capitalism.... |
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Posted: 8/27/2024 11:04:05 AM EDT
[#3]
Quote HistoryOriginally Posted By MikeJGA: Strange how many Communist are on AR15.com I think some of you need to look up the definition of communism. Advocating for individual home ownership over allowing large government-backed investment firms to fully control the housing market is anything but communism. There are scenarios where uncontrolled capitalism is a bad thing, like when Teddy Roosevelt was forced to break up the monopolies in the early 1900's. When a small handful of billionaires control entire industries, it stifles competition and fucks over consumers. That's not how capitalism is supposed to work and we quickly move to an oligarchical structure as the billionaires control our "democratically elected" representatives to get favorable regulations. That's where we are now, an oligarchy, not a representative Republic. Politicians do the bidding of the billionaires while pretending to give a fuck about the people who voted for them. |
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Posted: 8/27/2024 11:05:51 AM EDT
[#4]
Quote HistoryOriginally Posted By Cypher214: I think some of you need to look up the definition of communism. Advocating for individual home ownership over allowing large government-backed investment firms to fully control the housing market is anything but communism. There are scenarios where uncontrolled capitalism is a bad thing, like when Teddy Roosevelt was forced to break up the monopolies in the early 1900's. When a small handful of billionaires control entire industries, it stifles competition and fucks over consumers. That's not how capitalism is supposed to work and we quickly move to an oligarchical structure as the billionaires control our "democratically elected" representatives to get favorable regulations. That's where we are now, an oligarchy, not a representative Republic. Politicians do the bidding of the billionaires while pretending to give a fuck about the people who voted for them. Quote HistoryOriginally Posted By Cypher214: Originally Posted By MikeJGA: Strange how many Communist are on AR15.com I think some of you need to look up the definition of communism. Advocating for individual home ownership over allowing large government-backed investment firms to fully control the housing market is anything but communism. There are scenarios where uncontrolled capitalism is a bad thing, like when Teddy Roosevelt was forced to break up the monopolies in the early 1900's. When a small handful of billionaires control entire industries, it stifles competition and fucks over consumers. That's not how capitalism is supposed to work and we quickly move to an oligarchical structure as the billionaires control our "democratically elected" representatives to get favorable regulations. That's where we are now, an oligarchy, not a representative Republic. Politicians do the bidding of the billionaires while pretending to give a fuck about the people who voted for them.  Attached File |
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Posted: 8/27/2024 11:05:59 AM EDT
[#5]
Quote HistoryOriginally Posted By 0311SKI: Government owns all property, and citizens must rent from them is bad. Company owns all property, and citizens must rent from them is good? Quote HistoryOriginally Posted By 0311SKI: Originally Posted By MikeJGA: Strange how many Communist are on AR15.com Government owns all property, and citizens must rent from them is bad. Company owns all property, and citizens must rent from them is good? Company becomes so rich and powerful, it actually controls the government, blurring the lines between the two scenarios. |
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Posted: 8/27/2024 11:06:12 AM EDT
[#6]
It is their money to invest. Whether they buy real estate or gold is all the same to me.
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Posted: 8/27/2024 11:11:04 AM EDT
[#7]
Quote HistoryOriginally Posted By tveddy: Nothing prevents you from building a house Yes, YES. LET THEM EAT CAKE IF THEY'RE HUNGRY YES 
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Posted: 8/27/2024 11:18:13 AM EDT
[#8]
Quote HistoryOriginally Posted By Cypher214: I think some of you need to look up the definition of communism. Advocating for individual home ownership over allowing large government-backed investment firms to fully control the housing market is anything but communism. There are scenarios where uncontrolled capitalism is a bad thing, like when Teddy Roosevelt was forced to break up the monopolies in the early 1900's. When a small handful of billionaires control entire industries, it stifles competition and fucks over consumers. That's not how capitalism is supposed to work and we quickly move to an oligarchical structure as the billionaires control our "democratically elected" representatives to get favorable regulations. That's where we are now, an oligarchy, not a representative Republic. Politicians do the bidding of the billionaires while pretending to give a fuck about the people who voted for them. |
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VA, USA
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Posted: 8/27/2024 11:20:17 AM EDT
[#9]
Quote HistoryOriginally Posted By TheAmaazingCarl: Except it's NOT a free market. The money being used is in part or in whole stolen from the American people via the fed. If the banker in monopoly is stealing money and using it to buy homes to rent to you, or loaning you the money they stole at interest.... that IS NOT a free market. This |
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MI, USA
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Posted: 8/27/2024 11:22:24 AM EDT
[#10]
Quote HistoryOriginally Posted By CoconutLaCroix: I don't see an issue with large institutions lobbying for cheap credit to purchase up all the homes, then lobbying for looser immigration policies to cause the price and rents on said homes to go through the roof. That's what the founding fathers would have wanted. They supported a landed aristocracy. Society functions best when a few politically connected people leverage the coercive power of the state to accumulate the majority of assets and everyone else is struggling to get by renting from them. Especially when many of the people were recently imported from 3rd world shitholes. That is the most socially stable type of society This is why only property owners should be allowed to vote, they're the only ones with skin in the game. |
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MI, USA
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Posted: 8/27/2024 11:26:28 AM EDT
[#11]
If an investment company buys new homes, that encourages builders to build more, thus increasing the supply of homes. In turn, an increase supply would lessen the demand and help keep prices down.
If investment companies were banned from purchase, fewer houses would be purchased which would lead to builders making fewer new homes. If fewer new homes were available, prices would escalate. Not everyone wants to purchase a home. For many, rentals are the best option. |
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Posted: 8/27/2024 11:29:43 AM EDT
[#12]
Quote HistoryOriginally Posted By bigkahuna48026: If an investment company buys new homes, that encourages builders to build more, thus increasing the supply of homes. In turn, an increase supply would lessen the demand and help keep prices down. If investment companies were banned from purchase, fewer houses would be purchased which would lead to builders making fewer new homes. If fewer new homes were available, prices would escalate. Not everyone wants to purchase a home. For many, rentals are the best option. That sounds good… except that’s not the way it has fleshed out. |
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Posted: 8/27/2024 11:30:10 AM EDT
[#13]
There are plenty of builder who will build a starter home for you at any given time.
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Posted: 8/27/2024 11:30:21 AM EDT
[Last Edit: Lou_Daks]
[#14]
Are you whiners still whining about Blackrock?
Did none of you read the link I provided? Lemme make it easy for y'allz: The Top Three corporate single family home cos.: 1. Progress Residential 83,502 2. Invitation Homes 81,716 3. Blackrock 61,964 Total 227,182. That's about 1 million people living in those homes, in a country of 350 Million. That's 0.0029. Or less than 0.3% of the total of Americans. That's less than 1/3 of one percent. And that's preventing y'allz from achieving home ownership? That's pathetic. Blackrock isn't your enemy. You are your enemy. Do you drink or smoke? Stop it. Save the $ and save your life. Do you have a car payment and rent? Sell the brodozer, buy a beater, and save the $. Do you eat out more than once a week? Stop. Pack a lunch. Get a roommate. Get a side gig. Be an investor, not a saver. Take some risk, reap the reward. Do you spend more than 20 minutes a day fuken around on your phone? Stop. Read some books. Start with "The Millionaire Next Door", or "Rich Dad Poor Dad." Do these things for 5 years and you will have enough down payment for your first home. It gets easier after the first one. Trust me. Give yourself permission to succeed. Stop blaming others. America is the Land of Opportunity. Carpe diem. ETA: Constantly be learning, making yourself more valuable to your employer. Or to a future employer. |
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PA, USA
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Posted: 8/27/2024 11:32:27 AM EDT
[#15]
Quote HistoryOriginally Posted By Cypher214: I think some of you need to look up the definition of communism. Advocating for individual home ownership over allowing large government-backed investment firms to fully control the housing market is anything but communism. There are scenarios where uncontrolled capitalism is a bad thing, like when Teddy Roosevelt was forced to break up the monopolies in the early 1900's. When a small handful of billionaires control entire industries, it stifles competition and fucks over consumers. That's not how capitalism is supposed to work and we quickly move to an oligarchical structure as the billionaires control our "democratically elected" representatives to get favorable regulations. That's where we are now, an oligarchy, not a representative Republic. Politicians do the bidding of the billionaires while pretending to give a fuck about the people who voted for them. Quote HistoryOriginally Posted By Cypher214: Originally Posted By MikeJGA: Strange how many Communist are on AR15.com I think some of you need to look up the definition of communism. Advocating for individual home ownership over allowing large government-backed investment firms to fully control the housing market is anything but communism. There are scenarios where uncontrolled capitalism is a bad thing, like when Teddy Roosevelt was forced to break up the monopolies in the early 1900's. When a small handful of billionaires control entire industries, it stifles competition and fucks over consumers. That's not how capitalism is supposed to work and we quickly move to an oligarchical structure as the billionaires control our "democratically elected" representatives to get favorable regulations. That's where we are now, an oligarchy, not a representative Republic. Politicians do the bidding of the billionaires while pretending to give a fuck about the people who voted for them. I am not sure if it is just lazy trolling or just sheer ignorance. |
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Posted: 8/27/2024 11:34:27 AM EDT
[#16]
Quote HistoryOriginally Posted By bigkahuna48026: If an investment company buys new homes, that encourages builders to build more, thus increasing the supply of homes. In turn, an increase supply would lessen the demand and help keep prices down. If investment companies were banned from purchase, fewer houses would be purchased which would lead to builders making fewer new homes. If fewer new homes were available, prices would escalate. Not everyone wants to purchase a home. For many, rentals are the best option. False. If tomorrow, the .gov banned investment companies from owning single family homes, prices would plummet from an immediate surplus in supply. |
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Posted: 8/27/2024 11:36:00 AM EDT
[#17]
Quote HistoryOriginally Posted By Mr_Nasty99: False. If tomorrow, the .gov banned investment companies from owning single family homes, prices would plummet from an immediate surplus in supply. If the govt. banned guns, would that make the existing supply more valuable, or less valuable? |
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Posted: 8/27/2024 11:38:40 AM EDT
[#18]
Quote HistoryOriginally Posted By KoolOperator: Because unlike fiat currency and stonks, real estate and therefore houses are a finite resource They are building new homes by the tens of thousands in my county. ergo, not a finite resource. |
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Posted: 8/27/2024 11:42:22 AM EDT
[#19]
Quote HistoryOriginally Posted By _DR: They are building new homes by the tens of thousands in my county. ergo, not a finite resource. Huh. Imagine that. The market is responding to demand. Has anyone heard of Lennar? Big builder. Building new homes in 26 states. https://www.lennar.com/ |
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Posted: 8/27/2024 11:47:19 AM EDT
[#20]
Quote HistoryOriginally Posted By Lou_Daks: Are you whiners still whining about Blackrock? Did none of you read the link I provided? Lemme make it easy for y'allz: The Top Three corporate single family home cos.: 1. Progress Residential 83,502 2. Invitation Homes 81,716 3. Blackrock 61,964 Total 227,182. That's about 1 million people living in those homes, in a country of 350 Million. That's 0.0029. Or less than 0.3% of the total of Americans. That's less than 1/3 of one percent. And that's preventing y'allz from achieving home ownership? That's pathetic. Blackrock isn't your enemy. You are your enemy. Do you drink or smoke? Stop it. Save the $ and save your life. Do you have a car payment and rent? Sell the brodozer, buy a beater, and save the $. Do you eat out more than once a week? Stop. Pack a lunch. Get a roommate. Get a side gig. Be an investor, not a saver. Take some risk, reap the reward. Do you spend more than 20 minutes a day fuken around on your phone? Stop. Read some books. Start with "The Millionaire Next Door", or "Rich Dad Poor Dad." Do these things for 5 years and you will have enough down payment for your first home. It gets easier after the first one. Trust me. Give yourself permission to succeed. Stop blaming others. America is the Land of Opportunity. Carpe diem. ETA: Constantly be learning, making yourself more valuable to your employer. Or to a future employer. The issue is that those companies drive US spending policy (think MBS) that enriched them and hurt middle class Americans. They are the direct reason why housing has skyrocketed and inflation has taken hold. What has been the trend when it comes to the make up of rental vs owner occupied residential property in the US over the last 20 years? |
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Posted: 8/27/2024 11:49:02 AM EDT
[Last Edit: Lou_Daks]
[#21]
Quote HistoryOriginally Posted By Duck_Hunt: The issue is that those companies drive US spending policy (think MBS) that enriched them and hurt middle class Americans. They are the direct reason why housing has skyrocketed and inflation has taken hold. What has been the trend when it comes to the make up of rental vs owner occupied residential property in the US over the last 20 years? Are you telling GD that less than 1/3 of 1% of total single family home occupancy "drives" the market? You're joking, right? I gave you the numbers. Are you disputing the maths? In 2018, home ownership in America was 64.2%. In 1960, it was 65.2%. https://en.wikipedia.org/wiki/Homeownership_in_the_United_States |
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Posted: 8/27/2024 11:52:01 AM EDT
[#22]
Quote HistoryOriginally Posted By Lou_Daks: Are you whiners still whining about Blackrock? Did none of you read the link I provided? Lemme make it easy for y'allz: The Top Three corporate single family home cos.: 1. Progress Residential 83,502 2. Invitation Homes 81,716 3. Blackrock 61,964 Total 227,182. That's about 1 million people living in those homes, in a country of 350 Million. That's 0.0029. Or less than 0.3% of the total of Americans. That's less than 1/3 of one percent. And that's preventing y'allz from achieving home ownership? That's pathetic. Blackrock isn't your enemy. You are your enemy. Do you drink or smoke? Stop it. Save the $ and save your life. Do you have a car payment and rent? Sell the brodozer, buy a beater, and save the $. Do you eat out more than once a week? Stop. Pack a lunch. Get a roommate. Get a side gig. Be an investor, not a saver. Take some risk, reap the reward. Do you spend more than 20 minutes a day fuken around on your phone? Stop. Read some books. Start with "The Millionaire Next Door", or "Rich Dad Poor Dad." Do these things for 5 years and you will have enough down payment for your first home. It gets easier after the first one. Trust me. Give yourself permission to succeed. Stop blaming others. America is the Land of Opportunity. Carpe diem. ETA: Constantly be learning, making yourself more valuable to your employer. Or to a future employer. Your numbers are a bit misleading. "As of June 2022, roughly 574,000 single-family homes nationwide were owned by institutional investors, defined as entities that owned at least 100 such homes. This comprises 3.8 percent of the 15.1 million single-unit rental properties in the US." |
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Posted: 8/27/2024 11:54:35 AM EDT
[Last Edit: Lou_Daks]
[#23]
Quote HistoryOriginally Posted By Mr_Nasty99: Your numbers are a bit misleading. "As of June 2022, roughly 574,000 single-family homes nationwide were owned by institutional investors, defined as entities that owned at least 100 such homes. This comprises 3.8 percent of the 15.1 million single-unit rental properties in the US." They aren't misleading at all. I gave the numbers for the top 3 which includes GD's favorite boogeyman Blackrock. In total, it's 574k. Which means about 1.75 million people living in those homes. In a country of 350 MILLION. That's 0.5%. That's one half of one percent. That's what we scientists call "mice nuts." |
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FL, USA
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Posted: 8/27/2024 11:56:15 AM EDT
[Last Edit: Felix_15]
[#24]
>Why would you limit the free markets?
This |
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Posted: 8/27/2024 11:57:14 AM EDT
[#25]
Quote HistoryOriginally Posted By Lou_Daks: Are you telling GD that less than 1/3 of 1% of total single family home occupancy "drives" the market? You're joking, right? I gave you the numbers. Are you disputing the maths? In 2018, home ownership in America was 64.2%. In 1960, it was 65.2%. https://en.wikipedia.org/wiki/Homeownership_in_the_United_States Quote HistoryOriginally Posted By Lou_Daks: Originally Posted By Duck_Hunt: The issue is that those companies drive US spending policy (think MBS) that enriched them and hurt middle class Americans. They are the direct reason why housing has skyrocketed and inflation has taken hold. What has been the trend when it comes to the make up of rental vs owner occupied residential property in the US over the last 20 years? Are you telling GD that less than 1/3 of 1% of total single family home occupancy "drives" the market? You're joking, right? I gave you the numbers. Are you disputing the maths? In 2018, home ownership in America was 64.2%. In 1960, it was 65.2%. https://en.wikipedia.org/wiki/Homeownership_in_the_United_States Again, you are ignoring the fact that those corporations drove US economic policy that directly led to inflated RE prices which ended up hurting the middle class and people who were coming of age to buy a home. I bet you think the market was booming and doing great from 2012-2020 also. |
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MO, USA
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Posted: 8/27/2024 11:58:19 AM EDT
[#26]
Quote HistoryOriginally Posted By Lou_Daks: I owned rentals and was a landlord. Was that wrong, OP? I provided nice places for people to live at prices they were willing to pay. I made some $ at it. It was a win-win. Were you acquiring the rentals with debt that you were originating under the auspices of the Fed, and funded by taxpayers? |
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Posted: 8/27/2024 11:59:36 AM EDT
[#27]
Quote HistoryOriginally Posted By Duck_Hunt: Again, you are ignoring the fact that those corporations drove US economic policy that directly led to inflated RE prices which ended up hurting the middle class and people who were coming of age to buy a home. I bet you think the market was booming and doing great from 2012-2020 also. You're looking for any excuse to justify your failure. If you didn't borrow a mortgage between 2012-2020 that's on you. I bought a home in 2013. Yes, the market was great. |
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USA
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Posted: 8/27/2024 12:00:16 PM EDT
[#28]
Not unethical, but price gouging is skirting the line.
Of course, you're just building up one ambiguous and gray definition with another, so ymmv. |
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Posted: 8/27/2024 12:01:19 PM EDT
[#29]
Quote HistoryOriginally Posted By Vote4Cthulhu: Were you acquiring the rentals with debt that you were originating under the auspices of the Fed, and funded by taxpayers? Huh? I borrowed against my equity. I took a RISK. I had no guarantees. I was not too big to fail. I paid back every penny with interest. Isn't that what a responsible borrower is supposed to do? |
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Posted: 8/27/2024 12:08:48 PM EDT
[#30]
Quote HistoryOriginally Posted By Lou_Daks: You're looking for any excuse to justify your failure. If you didn't borrow a mortgage between 2012-2020 that's on you. I bought a home in 2013. Yes, the market was great. Quote HistoryOriginally Posted By Lou_Daks: Originally Posted By Duck_Hunt: Again, you are ignoring the fact that those corporations drove US economic policy that directly led to inflated RE prices which ended up hurting the middle class and people who were coming of age to buy a home. I bet you think the market was booming and doing great from 2012-2020 also. You're looking for any excuse to justify your failure. If you didn't borrow a mortgage between 2012-2020 that's on you. I bought a home in 2013. Yes, the market was great. You obviously can't separate your personal feelings from this topic. Nobody is saying YOU shouldn't own rental properties and the difference has been explained multiple times but you keep arguing like somebody wants the government to take your houses away. Your assertion that anyone saying government-backed hedge funds shouldn't be buying up homes is "just jealous/a failure/didn't succeed in life/etc" is asinine. We get it, you have rental homes. Nobody gives a shit. I bought a house in 2020 and the current housing situation doesn't affect me but I can objectively see the problem. You sound strikingly similar to NFA collectors who want them to stay regulated because of the value. "I got mine and if you didn't get yours, you should have worked harder." |
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Posted: 8/27/2024 12:09:47 PM EDT
[Last Edit: Duck_Hunt]
[#31]
Quote HistoryOriginally Posted By Lou_Daks: You're looking for any excuse to justify your failure. If you didn't borrow a mortgage between 2012-2020 that's on you. I bought a home in 2013. Yes, the market was great. Quote HistoryOriginally Posted By Lou_Daks: Originally Posted By Duck_Hunt: Again, you are ignoring the fact that those corporations drove US economic policy that directly led to inflated RE prices which ended up hurting the middle class and people who were coming of age to buy a home. I bet you think the market was booming and doing great from 2012-2020 also. You're looking for any excuse to justify your failure. If you didn't borrow a mortgage between 2012-2020 that's on you. I bought a home in 2013. Yes, the market was great. My failure  . Do you know what assumption stands for? You seem like a very emotional person. Some people weren’t of age to buy a home from 2012-2020… you should be able to recognize the fact that they are fucked due to corporations like Blackstone and blackrock driving US economic policy that enriched themselves while fucking the middle class. Tell us more about why you think it’s a good idea for corporations to influence the government and drive US economic and spending policy. |
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Posted: 8/27/2024 12:09:54 PM EDT
[#32]
Quote HistoryOriginally Posted By Lou_Daks: Huh? I borrowed against my equity. I took a RISK. I had no guarantees. I was not too big to fail. I paid back every penny with interest. Isn't that what a responsible borrower is supposed to do? Quote HistoryOriginally Posted By Lou_Daks: Originally Posted By Vote4Cthulhu: Were you acquiring the rentals with debt that you were originating under the auspices of the Fed, and funded by taxpayers? Huh? I borrowed against my equity. I took a RISK. I had no guarantees. I was not too big to fail. I paid back every penny with interest. Isn't that what a responsible borrower is supposed to do? He's saying this thread doesn't apply to you, which is a point you can't seem to get no matter how many ways it's explained. |
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Posted: 8/27/2024 12:12:43 PM EDT
[#33]
Quote HistoryOriginally Posted By Duck_Hunt: My failure . Do you know what assumption stands for? You seem like a very emotional person. Some people weren’t of age to buy a home from 2012-2020… you should be able to recognize the fact that they are fucked due to corporations like Blackstone and blackrock driving US economic policy that enriched themselves while fucking the middle class. Tell us more about why you think it’s a good idea for corporations to influence the government and drive US economic and spending policy. Some people weren't born yet 2012-2020. What's your point? Home ownership is basically the same now as it was in 1960. I gave you the link. Was everyone born after 1960 also "fucked"? |
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Posted: 8/27/2024 12:13:43 PM EDT
[#34]
It's not about the hedge funds. It's about the monetary policy that creates the conditions where investing in homes in this manner makes sense in the first place.
Hedge funds are doing exactly what they are incentivized to do the same as every other participant in the market. |
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Posted: 8/27/2024 12:15:22 PM EDT
[#35]
Quote HistoryOriginally Posted By Cypher214: He's saying this thread doesn't apply to you, which is a point you can't seem to get no matter how many ways it's explained. Yes, it does apply to me. I don't allow Blackrock to live in my head. I see the opportunities all around me. If I started out today, the result would be the same. I gave you the math. The home ownership rate is basically the same now as it was in 1960. |
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Posted: 8/27/2024 12:17:19 PM EDT
[#36]
Quote HistoryOriginally Posted By woodsie: It's not about the hedge funds. It's about the monetary policy that creates the conditions where investing in homes in this manner makes sense in the first place. Hedge funds are doing exactly what they are incentivized to do the same as every other participant in the market. This is correct. Further, they are risking their money and their stockholders' money. They might lose their asses. Will GD whine if they do? lol no |
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Posted: 8/27/2024 12:19:23 PM EDT
[#37]
What 'ethic' would this transgress upon?
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Posted: 8/27/2024 12:20:49 PM EDT
[#38]
Quote HistoryOriginally Posted By SteveOak: What 'ethic' would this transgress upon? The ethic of feelz uber alles. |
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Posted: 8/27/2024 12:22:45 PM EDT
[#39]
Quote HistoryOriginally Posted By Lou_Daks: You're looking for any excuse to justify your failure. If you didn't borrow a mortgage between 2012-2020 that's on you. I bought a home in 2013. Yes, the market was great. Quote HistoryOriginally Posted By Lou_Daks: Originally Posted By Duck_Hunt: Again, you are ignoring the fact that those corporations drove US economic policy that directly led to inflated RE prices which ended up hurting the middle class and people who were coming of age to buy a home. I bet you think the market was booming and doing great from 2012-2020 also. You're looking for any excuse to justify your failure. If you didn't borrow a mortgage between 2012-2020 that's on you. I bought a home in 2013. Yes, the market was great. You have to realize that it's this mentality that gets half the country voting for a tax on unrealized gains. |
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Posted: 8/27/2024 12:24:51 PM EDT
[Last Edit: Duck_Hunt]
[#40]
Quote HistoryOriginally Posted By Cypher214: He's saying this thread doesn't apply to you, which is a point you can't seem to get no matter how many ways it's explained. Quote HistoryOriginally Posted By Cypher214: Originally Posted By Lou_Daks: Originally Posted By Vote4Cthulhu: Were you acquiring the rentals with debt that you were originating under the auspices of the Fed, and funded by taxpayers? Huh? I borrowed against my equity. I took a RISK. I had no guarantees. I was not too big to fail. I paid back every penny with interest. Isn't that what a responsible borrower is supposed to do? He's saying this thread doesn't apply to you, which is a point you can't seem to get no matter how many ways it's explained. And why did he (and millions more) have so much equity to borrow against…. Golly gee wiz, could it have been the fed was purchasing trillions in MBS’s which inflated RE values? Who on earth convinced the fed & the government to do such a thing… nope couldn’t have been corporate interests and lobbyist. Damn right it was a good time for people what bought in 2010-2020 (I’m one of those people and made out like a bandit). If I was starting out now with a family could I afford to buy even a 1/4 of what I have now.. absolutely not. You see I recognize that fucked up period for what it was.. middle class Americans who were old enough to buy or didn’t buy during that time are fucked and paying the piper now for those artificial ‘good’ times |
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Posted: 8/27/2024 12:25:47 PM EDT
[#41]
Quote HistoryOriginally Posted By Lou_Daks: Some people weren't born yet 2012-2020. What's your point? Home ownership is basically the same now as it was in 1960. I gave you the link. Was everyone born after 1960 also "fucked"? Quote HistoryOriginally Posted By Lou_Daks: Originally Posted By Duck_Hunt: My failure . Do you know what assumption stands for? You seem like a very emotional person. Some people weren’t of age to buy a home from 2012-2020… you should be able to recognize the fact that they are fucked due to corporations like Blackstone and blackrock driving US economic policy that enriched themselves while fucking the middle class. Tell us more about why you think it’s a good idea for corporations to influence the government and drive US economic and spending policy. Some people weren't born yet 2012-2020. What's your point? Home ownership is basically the same now as it was in 1960. I gave you the link. Was everyone born after 1960 also "fucked"? How has home prices and rent compared with inflation and wages over the last 10 years? |
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Posted: 8/27/2024 12:26:37 PM EDT
[#42]
Quote HistoryOriginally Posted By Lou_Daks: Yes, it does apply to me. I don't allow Blackrock to live in my head. I see the opportunities all around me. If I started out today, the result would be the same. I gave you the math. The home ownership rate is basically the same now as it was in 1960. Quote HistoryOriginally Posted By Lou_Daks: Originally Posted By Cypher214: He's saying this thread doesn't apply to you, which is a point you can't seem to get no matter how many ways it's explained. Yes, it does apply to me. I don't allow Blackrock to live in my head. I see the opportunities all around me. If I started out today, the result would be the same. I gave you the math. The home ownership rate is basically the same now as it was in 1960. You’re not being honest with yourself. |
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Posted: 8/27/2024 12:26:58 PM EDT
[#43]
 Attached FileQuote HistoryOriginally Posted By Mr_Nasty99: You have to realize that it's this mentality that gets half the country voting for a tax on unrealized gains. Attached File |
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MO, USA
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Posted: 8/27/2024 12:29:19 PM EDT
[#44]
Quote HistoryOriginally Posted By Lou_Daks: Huh? I borrowed against my equity. I took a RISK. I had no guarantees. I was not too big to fail. I paid back every penny with interest. Isn't that what a responsible borrower is supposed to do? Quote HistoryOriginally Posted By Lou_Daks: Originally Posted By Vote4Cthulhu: Were you acquiring the rentals with debt that you were originating under the auspices of the Fed, and funded by taxpayers? Huh? I borrowed against my equity. I took a RISK. I had no guarantees. I was not too big to fail. I paid back every penny with interest. Isn't that what a responsible borrower is supposed to do? Yes, that is what a responsible borrower ought to do. But based on your description you're playing by a different set of rules than the hedge funds that are the topic of the thread. You used your own equity to take out a loan from a bank. You didn't write your own checks with money you originated. I'm guessing you also weren't able to socialize your losses if you had any. Main point being, the topic of the thread is apart from your ownership of rentals. |
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Posted: 8/27/2024 12:30:35 PM EDT
[#45]
Quote HistoryOriginally Posted By Mr_Nasty99: You have to realize that it's this mentality that gets half the country voting for a tax on unrealized gains. Quote HistoryOriginally Posted By Mr_Nasty99: Originally Posted By Lou_Daks: Originally Posted By Duck_Hunt: Again, you are ignoring the fact that those corporations drove US economic policy that directly led to inflated RE prices which ended up hurting the middle class and people who were coming of age to buy a home. I bet you think the market was booming and doing great from 2012-2020 also. You're looking for any excuse to justify your failure. If you didn't borrow a mortgage between 2012-2020 that's on you. I bought a home in 2013. Yes, the market was great. You have to realize that it's this mentality that gets half the country voting for a tax on unrealized gains. Bruh, allowing blackrock and Blackstone to drive US government and economic policy is awesome bruh. Like my house value went up 200% in 5 years bruh… that’s like totally normal and shit. I mean yeah it fucks everyone that comes after me, but I got mine bruh. |
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MO, USA
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Posted: 8/27/2024 12:30:50 PM EDT
[Last Edit: Vote4Cthulhu]
[#46]
Quote HistoryOriginally Posted By Lou_Daks: This is correct. Further, they are risking their money and their stockholders' money and taxpayer's money. They might lose their asses. Will GD whine if they do? lol no Quote HistoryOriginally Posted By Lou_Daks: Originally Posted By woodsie: It's not about the hedge funds. It's about the monetary policy that creates the conditions where investing in homes in this manner makes sense in the first place. Hedge funds are doing exactly what they are incentivized to do the same as every other participant in the market. This is correct. Further, they are risking their money and their stockholders' money and taxpayer's money. They might lose their asses. Will GD whine if they do? lol no You forgot a part of it... If my real estate portfolio crashes as a private landlord, I lose my ass. If Blackrock's real estate portfolio crashes, the company gets bailed out and the executives get golden parachutes. I wouldn't blame someone for complaining about that. Would you? |
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Posted: 8/27/2024 12:31:32 PM EDT
[#47]
Quote HistoryOriginally Posted By Duck_Hunt: How has home prices and rent compared with inflation and wages over the last 10 years? I know that inflation was <2% under Trump, and muuuuch higher under Brandon. Seems like your beef is with Brandon, not Blackrock. With which I would agree. Sucks to elect Democrats but here we are. I know that home ownnership is the same now as it was in 1960. I'd do well, no matter. Blackrock is not my competitor. I gave you the math. |
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Posted: 8/27/2024 12:31:40 PM EDT
[#48]
Quote HistoryOriginally Posted By Vote4Cthulhu: You forgot a part of it... Quote HistoryOriginally Posted By Vote4Cthulhu: Originally Posted By Lou_Daks: Originally Posted By woodsie: It's not about the hedge funds. It's about the monetary policy that creates the conditions where investing in homes in this manner makes sense in the first place. Hedge funds are doing exactly what they are incentivized to do the same as every other participant in the market. This is correct. Further, they are risking their money and their stockholders' money and taxpayer's money. They might lose their asses. Will GD whine if they do? lol no You forgot a part of it... Boom. |
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Posted: 8/27/2024 12:33:06 PM EDT
[#49]
Quote HistoryOriginally Posted By Duck_Hunt: Bruh, allowing blackrock and Blackstone to drive US government and economic policy is awesome bruh. Like my house value went up 200% in 5 years bruh… that’s like totally normal and shit. I mean yeah it fucks everyone that comes after me, but I got mine bruh. I have never owned a home that increased 200% in 5 years. I'm jelly! Good for you, bruh! |
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USA
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Posted: 8/27/2024 12:33:16 PM EDT
[#50]
Is it legal: Yeh
Would I piss on them if they were on fire? : No lmao |
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