Pension funds are buying up all the single family houses and competing with ordinary Americans for homes. This is all part of the reset. They don’t want a middle class. They want an elite class and a surf class that owns nothing! These firms are paying 20-50% over asking. How can ordinary Americans that want to buy a house compete with that? They did the same thing during the “Great Depression” where they foreclosed on millions of farms in order to consolidate farming into large corporately owned centralized farms. Centralization is a fundamental problem for a free society because it’s too easy to control (just look at JBS meat processing/packing). Unless this is addressed, “you will own nothing and be happy“.
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Hubby wants to buy a brand new house right now (currently working with realitor) I keep telling him it's best to wait until after GME rockets (were invested) and to see how things play out then. Also our market (WY) is insane with houses way over priced and being bought within a few days of being on the market. We want a house with land to get out of our growing city.. any tips on how I can convince him it's best to wait? Or would it actually be smarter to get one with land now before everything else unfolds?
You might also want to wait till after September....forecast is there will be 3.2 million homes added to the market, due to foreclosure.
That was my thought too, thanks fren.