Let’s try this again.

What was happening to RE values starting a few years before trump and continued throughout his term?  Now take your answer and ask yourself what the cause of that was.

I haven’t read the whole thread, what’s had a greater effect on home prices?

Blackrock owning 60,000 houses.

1-3 million new people a year to the US each year for the last decade and needing housing?

You’re so emotional the points fly right on by you.

Neither wouild I FTR.  They risked the money.  They might win or lose.  It makes zero difference to my situation.

Of the Fed purchasing trillions in MBS

The Fed lowered interest rates for all borrowers.  I was one of them.  I had a mort for 3.5%.  It was a good time to borrow.

Your point?

Huh.  It's a mystery.

ETA: 10-12 million in the last three years alone.

Did I misquote you?

I would say it isn't really ethically wrong for the company, but it is something that is probably bad for society overall, and therefore the government should probably enact laws to avoid that situation.

Having a large middle class owning homes is very good for the health of the country.

Having a large serf-class of renters might be good for some corporations, but not for the country as a whole.

Why are you ignoring Mortgage Backed Securities, and how they affect the RE market and economy in general?  Why was the fed purchasing trillions in MBS?

When you want less of a thing, tax it.

It would be entirely appropriate and constitutional for Congress to enact a law imposing an excise tax on all MBS transactions, it should be high enough to make a big difference in the market, but not so high that the entire system ceases to exist. MBS and other derivatives are economic bullshit that make fatcats fatter without actually contributing to the real economy of working people.

Yes, fuck those companies.

Congress should abolish the Federal Reserve act.

Who remembers when the country was shut down in 2020 and Wall Street (markets) were booming… people should ask themselves why that is.

Nope.

Don’t hate the player, hate the game.

I don't see a problem. Blackrock is just like any other corporation trying to make a buck. I have them in my portfolio and also in my retirement accounts. It's been a good stock with decent dividends.

"Why would you restrict Capitalism. It is fine for hedge funds to throw money at all the starter homes so that the next generation will never be able to afford one." - GD
"Why is the next generation supporting communism demanding the government do something so they can afford a home." -GD
"Why did someone toss a molotov though my window!? I've been a pretty decent landlord to my 87 renters each paying me more than they would be paying on for a mortgage on a home if they could find one to buy?" - GD

Ultimately unrestricted anything is going to create problems. If you fuck around with peoples ability to afford a place to live and their ability to feed their family, you will likely find out there are consequences you do not like when they support policies that "may" benefit them more than the status quo they currently suffer under.  Getting people out of renting and into owning would be a much better for our country, and we should be working on finding a way to do that for the long term benefits for our nation.

The single biggest reason Trump is likely going to win this election is that Biden/Harris shit the bed so hard that even the suburban house wives are noticing how expensive things have become.

Let me tell you two stories.  Success stories.  About my heroes.

Story #1.  In the late 80s into the 90s I worked with a guy.  Let's call him "E".  E was an immigrant from Egypt.  He was a Coptic Christian.  If you know anything about Copts, they aren't treated well in Egypt or anywhere else in the ME.  E was married with 2 or 3 kids.  E had a job that paid just "OK", a field tech or something like that.  But it had good health care for his wife & kids so that gave him the basics.  E's english skills weren't great, but he could speak Egyptian like a mofo.  So you know what E did?  He went to school nights, got his RE sales license, and eventually his broker's license, and eventually started his own RE outfit that catered to other Copts immigrating to the U.S.  E helped them find starter homes  That was his core specialty.  He was so good at it, he bought a mansion in the Pacific Palisades, overlooking the ocean.  It was amazing.  He paid cash.  One day E didn't show up for work.  Turns out he was so busy with his RE biz he quit his old gig, didn't need it anymore.  I heard later that he sent his oldest kid thru medical school.  Here was a guy who came here with bupkis, barely speaking English, and made it Big Time in less than one generation.

Story #2.  I worked with a guy, let's call him "A".  A was in middle management, several rungs above me, at the time.  Lots of the other managers didn't like A because he was very straightforward and didn't play the games.  I liked A, he was always decent to me.  A was a RE mogul but most people didn't know that.  He'd bought a bunch of avocado and citrus groves in Ventura County, CA.  For years he sat on them, and subbed out the harvest to others, and took a cut.  Eventually, he started parcelling them out to developers who built homes, shopping centers, etc. on this former ag land.  He made a zillion $.  A was a mentor for me, of sorts.  I would go into his office at lunch and pick his brain.  He liked this.  A encouraged me to become a landlord, and I did.  Not at his level, of course - much smaller.  But he gave me some knowledge and encouragement and would ask me how it's going & etc.  One day A didn't show up.  On his 55th bday + 1, he just stayed home and retired.  He got the full retirement medical and a modest pension, which was all he wanted.  He told our employer to F right off.

Both of these stories took place loooong before QE, so that was not a factor in their success.  They saw the opportunity and seized it.  It's out there boys and girls.  Go get you some.

These people are my heroes.

Agree for the most part. But I will make three points.  

1- Trump hired people like Larry Fink & Wilbur Ross and let them drive economic policy.

2- Stephen Allen Schwarzman endorsed trump

3- A few weeks ago my wife went back and looked at grocery orders she placed and picked one that was placed in October 2021. The order she placed back then was $206. If she would place the exact same order today it would be $232.



As it has been for a century now, both political parties and their candidates are controlled by corporations, special interest and the elite. Nothing will change so long as that’s the case.

We are approaching agreement.  I loved my tenants, but I think ownership is better for society.  Unfortunately, I have nothing to do with Fed policy, POTUS policy, or any other policy.  I have my own life and that's all.  I look around, figure out the landscape, and take some risks.

Inflation under Trump was very small.  On any objective metric, he was better for the country.  That's no guarantee for his victory.  You can see right here in GD how many people operate on feelz.  They "feel" like Blackrock is fooking them so it must be true, despite all the math.

God help us.

So your vote means nothing? Interesting.


RE inflation was huge

My vote means the same as your vote: 1 vote.  I don't recall ever getting to vote on Fed policy or the Fed Board members.

RE inflation was large because interest rates were so low.  It encouraged people to sell and move up.  This is a good thing.  Now that rates have increased, people feel "stuck" with their low rate mortgages and RE inventory is in the tank.

Yeah, interesting.

ETA: voted for Trump, still voting for Trump.

You directly voted for people who then appointed corporate stooges to run fiscal policy.  It’s like you have your blinders on when it comes to the Fed manipulating the market with MBS.

1/2. and? Things Trump did in the past have no bearing on how badly Biden/Harris have aliened voters due to Bidenomics.
3. Check for shrinkflation. Did you receive the same amounts of product as you did previously?

So, you voted for Biden and Hillary?  How did that work out, with your one vote?

No, dude. Like, the corporations made that illegal.  Or they will.

It's all a conspiracy between the government and the corporations.  That's why we need to give the government more power to limit capital investment in housing development.

I'm Alec Baldwin and this message was brought to you by the Film Actors Guild.

Raising taxes will fix that.  Promise!

I’m not a team sport kind of guy. I recognize that both teams are controlled by many of the same entities and people.  Me pointing out trump being owned by corporate interests doesn’t mean that fkh/fjb aren’t owned by many of the same interests.  They all are.  It doesn’t matter who wins in November. The can will be kicked.


3- Exact same order, quantities, items brands etc.

Nope.  How many times can you be wrong today?

How did your one vote make life better for America??

How does your perception you are not a team sport person and your anecdotal experience relate to the topic at hand, or anything I said?

Dude is a clown. He kept referring to his son earlier in this thread as his “Offspring”. I stick by my statement that anyone calling their kids their offspring probably doesn’t have kids and can’t get laid. He’s probably a troll basement dweller.

If he wants some legitimacy he should post a screen shot of his current bank account balance and a pic of the supposed offspring.

The only difference is that I’m not complicit, where as you are.  


You voted for more of the same corporate control of the US government, and it helped out your meager portfolio at the expense of future generations.

Because tech savvy millennials and gen z folk were at home and board with nothing to do so they decided to day trade.

GME to the Moon!!!!!’🚀🚀🚀🚀🚀🚀💎💎💎🙌🙌🙌hodl!!!!!

You do realize it’s not the 80s and 90s anymore right? Just because something was feasible 30-40 years ago doesn’t mean it’s still feasible today.


Attached File

You said this in the original post I quoted. “The single biggest reason Trump is likely going to win this election is that Biden/Harris shit the bed so hard that even the suburban house wives are noticing how expensive things have become.”

I mostly agree with that statement, in particular that trump will win.  However I made the points I made to shed some light on how looking at trump as an answer for this is moronic, given his track record and current endorsers.

That same line also mentions how expensive things have become and they have. Look at what happened to vehicle prices for example during 2020 . That being said i’ve seen people here claim that their grocery bills have doubled since 2020.  I’m simply pointing out that it’s not the case for us and I believe that’s overblown.  Certainly other things have doubled or more… like RE and vehicles.

Guys we can't do anything about corruption because we might make it worse.
I assume you guys making this argument are in favor of dissolving the military and the police as well they could misuse there power

You're advocating a policy that would empower government and enable more corruption.

To use your analogy...we should nationalize all the police to end police corruption.  What could possibly go wrong.

Oh boy, a GD housing thread? Have we gotten to the point where people just are just saying “fuck the younger generations, I got mine”?

Go ahead find in here where I argued for more government.
I have only argued that we are not a free market anyone that thinks we are is delusional and that corporations are no better then governments and should not be trusted and cucked for.

Considering their is no risk since we all know the gov will bail them out if people can't afford to pay their rent, I'd say yes.

We started at that point, bruh.

LOL yep.

I'm going to assume ur not a hedge fund .

So you disagree with the people who want to enact capital controls and limit how many houses people and corporations can own?

There are ways I don’t want to make my money even though I technically could.

Lots of flippers flipping out at the loss of income by paint.

Free markets! (Just keep ficking china out like they keep the USA out of their markets)

That's too boomer of a take to b posted by an actual boomer.


Instead of ownership number that don't give an accurate picture of today's market, look at the percentage of homes bought by institutional investors. While that still isn't the only reason home prices are absurdly high, it's still one of the reasons.

Lack of new build, population increases outpacing housing stock increases, growing home sizes, diminishing household sizes, regulatory excess, and highly restrictive zoning are all adding up to unsustainable housing prices. You can't avocado toast your way out of the mess we're in.

It isn't just shitty fiscal policy and gen Z doom scrolling that made my house value double since I bought if a few years ago.

Indeed, I saw this happen in Santa Monica.    

But I hate it when the houses are so close together that people could practically hand something to their neighbors on the second floor.

Yes I want a rollback of government regulation I also want personal liability for the people that run companies.
I would also add bribing public officials accepting bribes and using government positions for personal enrichment to treason laws