The last couple days I've seen people post about blackrock and vanguard buying up single family homes en-masse. Apparently, even beanie boy (timpool) has made a video about it where he talks about how they're trying to force us into becoming a serf class that's born into poverty with no upward mobility.
First of all, I'm honestly not sure if this is a cabal thing, or just a rich butthole thing. I mean, isn't this basically how the last housing crash happened? People massively overpaying for houses? Beyond that I've seen quite a few articles talking about how the reason they're overpaying by absurd amounts is because they'd rather park money in a physical asset that will better retain value than the currently depreciating petro dollar. Which makes sense, but I'm not discounting some cabal ulterior motive.
Regardless, isn't all of this kind of another "gas shortage" scam? I mean, it's not like there's actually a housing shortage, possibly just in (sub)urban areas where massive amounts of people are trying to move. Beyond that, there's not really anything to worry about. After all, I'm like 99.9% sure that all of these houses are just going to be seized once the white hats publicly take back control and Trump's executive order comes into play. Not really sure what happens to them then, but I can't imagine that this "serf class" idea will get very far.
I have been pondering that very thing for a while. China owns a shit ton of things here and we just let them keep on buying. To me Trumps election interference EO makes that all become our property. After that we can take most of what our elected officials own when crimes against children comes out.
I like your thinking
The 2008 housing crash was different: it was banks (and other rich players) piggybacking off of organic demand, while also driving up prices across the board through easy highly leveraged credit. This is banks and others working to corner the market entirely. Hopefully they'll be forfeited, but if not it's heaps of trouble for normal people, as this leads to entrenched class warfare and a perennial underclass.
I believe the 2008 crash may have been deliberate, exactly to transfer land to the wealthy in what amounts to force.
That explains the 10+ Calls I get each day wanting to pay cash for my house
If Vanguard are throwing money at it, you know it's not going to be good.
2 thoughts: 1- My pension/investment firm switched from stock market investments to real estate before the '08 crash. Figured they knew something. 2-Xiden wants to re-zone suburbs from single family dwelling to multiples. So any home in suburb could be torn down to build apartments/projects. Big rental income.
Zoning is going to be by local municipalities. States would push back if Biden tried another power grab like the vaccine mandates.