The Great Reset Is Happening NOW, Elites Are Buying Up Houses OVER COST So YOU Can't Own Anything

[progressive hunter]

If You Sell a House These Days, the Buyer Might Be a Pension Fund

Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices.

www.wsj.com

"Private-equity firms with billions and yield-chasing investors are snapping up single-family houses to rent out or flip. They are competing for houses with ordinary Americans, who are armed with the cheapest mortgage financing ever, and driving up home prices. “You now have permanent capital competing with a young couple trying to buy a house,” said John Burns, whose real estate consulting firm estimates that roughly one in every five houses sold is bought by someone who never moves in. “That’s going to make U.S. housing permanently more expensive,” he said."




If we have huge investment firms buying up homes at 50% over market value -- how can everyday middle-class home buyers compete with that??

One popular Conservative congresswoman (Marjorie Greene) said that will lead to a select few who will own and control everything and everyone else remaining poor and under control....
So is that socialism? Seems as tho she thinks so.....

Even tho she really just explained Capitalism......

this is crony capitalism not free market capitalism,, dont forget these companies are backed up by the fed res

What is free market capitalism??

I keep seeing people throwing the term free market around but not being able to tell me when this free market ever existed

one is government controlled and the other is not,,,

these companies are government controlled and why they are allowed to get away with it,,

 

[marvin martian]

If You Sell a House These Days, the Buyer Might Be a Pension Fund

Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices.

www.wsj.com

"Private-equity firms with billions and yield-chasing investors are snapping up single-family houses to rent out or flip. They are competing for houses with ordinary Americans, who are armed with the cheapest mortgage financing ever, and driving up home prices. “You now have permanent capital competing with a young couple trying to buy a house,” said John Burns, whose real estate consulting firm estimates that roughly one in every five houses sold is bought by someone who never moves in. “That’s going to make U.S. housing permanently more expensive,” he said."




If we have huge investment firms buying up homes at 50% over market value -- how can everyday middle-class home buyers compete with that??

One popular Conservative congresswoman (Marjorie Greene) said that will lead to a select few who will own and control everything and everyone else remaining poor and under control....
So is that socialism? Seems as tho she thinks so.....

Even tho she really just explained Capitalism......

this is crony capitalism not free market capitalism,, dont forget these companies are backed up by the fed res

What is free market capitalism??

I keep seeing people throwing the term free market around but not being able to tell me when this free market ever existed

When the people you work for (big governments) aren't involved, it's a free market.

 

[Bootney Lee Farnsworth]

If You Sell a House These Days, the Buyer Might Be a Pension Fund

Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices.

www.wsj.com

"Private-equity firms with billions and yield-chasing investors are snapping up single-family houses to rent out or flip. They are competing for houses with ordinary Americans, who are armed with the cheapest mortgage financing ever, and driving up home prices. “You now have permanent capital competing with a young couple trying to buy a house,” said John Burns, whose real estate consulting firm estimates that roughly one in every five houses sold is bought by someone who never moves in. “That’s going to make U.S. housing permanently more expensive,” he said."




If we have huge investment firms buying up homes at 50% over market value -- how can everyday middle-class home buyers compete with that??

One popular Conservative congresswoman (Marjorie Greene) said that will lead to a select few who will own and control everything and everyone else remaining poor and under control....
So is that socialism? Seems as tho she thinks so.....

Even tho she really just explained Capitalism......

this is crony capitalism not free market capitalism,, dont forget these companies are backed up by the fed res

What is free market capitalism??

I keep seeing people throwing the term free market around but not being able to tell me when this free market ever existed

When government interferes and creates market conditions LIKE THIS, it's not a free market. It's a manipulated market, caused by government, for the benefit of a few government people and their crony buddies. I would think you would hate that shit after Halliburton.

 

[Biff_Poindexter]

Eh, with 150K investors in their LLC, this is just a way for people to create profits on a larger scale.

A lot of these "We Buy Houses" people are fronts for investors and they are not exactly snapping up the high end of the market. They are churning undesirable/less desireable properties for flippers.

Blackrock is buying up whole subdivisions and these aren't just a couple of run-down houses.and over paying for it to drive out everyday folks...and they are using taxpayer money to do it.....

That leads to a crisis later.....and when that happens, I hope folks don't once again blame the "everyday people" for it while using tax dollars to propup the banks and hedge funds...again

 

[Biff_Poindexter]

If You Sell a House These Days, the Buyer Might Be a Pension Fund

Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices.

www.wsj.com

"Private-equity firms with billions and yield-chasing investors are snapping up single-family houses to rent out or flip. They are competing for houses with ordinary Americans, who are armed with the cheapest mortgage financing ever, and driving up home prices. “You now have permanent capital competing with a young couple trying to buy a house,” said John Burns, whose real estate consulting firm estimates that roughly one in every five houses sold is bought by someone who never moves in. “That’s going to make U.S. housing permanently more expensive,” he said."




If we have huge investment firms buying up homes at 50% over market value -- how can everyday middle-class home buyers compete with that??

One popular Conservative congresswoman (Marjorie Greene) said that will lead to a select few who will own and control everything and everyone else remaining poor and under control....
So is that socialism? Seems as tho she thinks so.....

Even tho she really just explained Capitalism......

this is crony capitalism not free market capitalism,, dont forget these companies are backed up by the fed res

What is free market capitalism??

I keep seeing people throwing the term free market around but not being able to tell me when this free market ever existed

When the people you work for (big governments) aren't involved, it's a free market.

When has "capitalism" or this "free market" ever existed without government


I'll wait

 

[progressive hunter]

If You Sell a House These Days, the Buyer Might Be a Pension Fund

Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices.

www.wsj.com

"Private-equity firms with billions and yield-chasing investors are snapping up single-family houses to rent out or flip. They are competing for houses with ordinary Americans, who are armed with the cheapest mortgage financing ever, and driving up home prices. “You now have permanent capital competing with a young couple trying to buy a house,” said John Burns, whose real estate consulting firm estimates that roughly one in every five houses sold is bought by someone who never moves in. “That’s going to make U.S. housing permanently more expensive,” he said."




If we have huge investment firms buying up homes at 50% over market value -- how can everyday middle-class home buyers compete with that??

One popular Conservative congresswoman (Marjorie Greene) said that will lead to a select few who will own and control everything and everyone else remaining poor and under control....
So is that socialism? Seems as tho she thinks so.....

Even tho she really just explained Capitalism......

this is crony capitalism not free market capitalism,, dont forget these companies are backed up by the fed res

What is free market capitalism??

I keep seeing people throwing the term free market around but not being able to tell me when this free market ever existed

When the people you work for (big governments) aren't involved, it's a free market.

When has "capitalism" or this "free market" ever existed without government


I'll wait

I've been doing free market for 30 yrs,,,

 

[Toddsterpatriot]

If we have huge investment firms buying up homes at 50% over market value -- how can everyday middle-class home buyers compete with that??

Why would a middle-class home buyer want to pay 50% over market value?

That would be liberal level idiocy.

 

[Biff_Poindexter]

If You Sell a House These Days, the Buyer Might Be a Pension Fund

Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices.

www.wsj.com

"Private-equity firms with billions and yield-chasing investors are snapping up single-family houses to rent out or flip. They are competing for houses with ordinary Americans, who are armed with the cheapest mortgage financing ever, and driving up home prices. “You now have permanent capital competing with a young couple trying to buy a house,” said John Burns, whose real estate consulting firm estimates that roughly one in every five houses sold is bought by someone who never moves in. “That’s going to make U.S. housing permanently more expensive,” he said."




If we have huge investment firms buying up homes at 50% over market value -- how can everyday middle-class home buyers compete with that??

One popular Conservative congresswoman (Marjorie Greene) said that will lead to a select few who will own and control everything and everyone else remaining poor and under control....
So is that socialism? Seems as tho she thinks so.....

Even tho she really just explained Capitalism......

this is crony capitalism not free market capitalism,, dont forget these companies are backed up by the fed res

What is free market capitalism??

I keep seeing people throwing the term free market around but not being able to tell me when this free market ever existed

one is government controlled and the other is not,,,

these companies are government controlled and why they are allowed to get away with it,,

Still waiting for you to tell me when this "free market" capitalism has ever existed...why are you having such a hard time with this simple question??

 

[Toddsterpatriot]

If You Sell a House These Days, the Buyer Might Be a Pension Fund

Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices.

www.wsj.com

"Private-equity firms with billions and yield-chasing investors are snapping up single-family houses to rent out or flip. They are competing for houses with ordinary Americans, who are armed with the cheapest mortgage financing ever, and driving up home prices. “You now have permanent capital competing with a young couple trying to buy a house,” said John Burns, whose real estate consulting firm estimates that roughly one in every five houses sold is bought by someone who never moves in. “That’s going to make U.S. housing permanently more expensive,” he said."




If we have huge investment firms buying up homes at 50% over market value -- how can everyday middle-class home buyers compete with that??

One popular Conservative congresswoman (Marjorie Greene) said that will lead to a select few who will own and control everything and everyone else remaining poor and under control....
So is that socialism? Seems as tho she thinks so.....

Even tho she really just explained Capitalism......

this is crony capitalism not free market capitalism,, dont forget these companies are backed up by the fed res

this is crony capitalism not free market capitalism

Unless the government is stopping other buyers, how is this "crony capitalism"?

dont forget these companies are backed up by the fed res

Backed up? How? Be specific.

 

[Biff_Poindexter]

If we have huge investment firms buying up homes at 50% over market value -- how can everyday middle-class home buyers compete with that??

Why would a middle-class home buyer want to pay 50% over market value?

That would be liberal level idiocy.

They aren't dunce...

The huge hedgefunds are to drive out any competition an everyday homebuyer would offer

I take it you didn't read the OP

 

[progressive hunter]

If You Sell a House These Days, the Buyer Might Be a Pension Fund

Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices.

www.wsj.com

"Private-equity firms with billions and yield-chasing investors are snapping up single-family houses to rent out or flip. They are competing for houses with ordinary Americans, who are armed with the cheapest mortgage financing ever, and driving up home prices. “You now have permanent capital competing with a young couple trying to buy a house,” said John Burns, whose real estate consulting firm estimates that roughly one in every five houses sold is bought by someone who never moves in. “That’s going to make U.S. housing permanently more expensive,” he said."




If we have huge investment firms buying up homes at 50% over market value -- how can everyday middle-class home buyers compete with that??

One popular Conservative congresswoman (Marjorie Greene) said that will lead to a select few who will own and control everything and everyone else remaining poor and under control....
So is that socialism? Seems as tho she thinks so.....

Even tho she really just explained Capitalism......

this is crony capitalism not free market capitalism,, dont forget these companies are backed up by the fed res

What is free market capitalism??

I keep seeing people throwing the term free market around but not being able to tell me when this free market ever existed

one is government controlled and the other is not,,,

these companies are government controlled and why they are allowed to get away with it,,

Still waiting for you to tell me when this "free market" capitalism has ever existed...why are you having such a hard time with this simple question??

I just told you I have been working under it for 30 yrs,,,

its pretty simple, all you do is read the tax code and laws on owning a business and go from there,,

 

[progressive hunter]

If You Sell a House These Days, the Buyer Might Be a Pension Fund

Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices.

www.wsj.com

"Private-equity firms with billions and yield-chasing investors are snapping up single-family houses to rent out or flip. They are competing for houses with ordinary Americans, who are armed with the cheapest mortgage financing ever, and driving up home prices. “You now have permanent capital competing with a young couple trying to buy a house,” said John Burns, whose real estate consulting firm estimates that roughly one in every five houses sold is bought by someone who never moves in. “That’s going to make U.S. housing permanently more expensive,” he said."




If we have huge investment firms buying up homes at 50% over market value -- how can everyday middle-class home buyers compete with that??

One popular Conservative congresswoman (Marjorie Greene) said that will lead to a select few who will own and control everything and everyone else remaining poor and under control....
So is that socialism? Seems as tho she thinks so.....

Even tho she really just explained Capitalism......

this is crony capitalism not free market capitalism,, dont forget these companies are backed up by the fed res

this is crony capitalism not free market capitalism

Unless the government is stopping other buyers, how is this "crony capitalism"?

dont forget these companies are backed up by the fed res

Backed up? How? Be specific.

the government through the fed res are backing the money for the purchases,,

 

[Toddsterpatriot]

If we have huge investment firms buying up homes at 50% over market value -- how can everyday middle-class home buyers compete with that??

Why would a middle-class home buyer want to pay 50% over market value?

That would be liberal level idiocy.

They aren't dunce...

The huge hedgefunds are to drive out any competition an everyday homebuyer would offer

I take it you didn't read the OP

They aren't

That's good. The last time the middle class overpaid for homes, they lost billions.

 

[Toddsterpatriot]

If You Sell a House These Days, the Buyer Might Be a Pension Fund

Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices.

www.wsj.com

"Private-equity firms with billions and yield-chasing investors are snapping up single-family houses to rent out or flip. They are competing for houses with ordinary Americans, who are armed with the cheapest mortgage financing ever, and driving up home prices. “You now have permanent capital competing with a young couple trying to buy a house,” said John Burns, whose real estate consulting firm estimates that roughly one in every five houses sold is bought by someone who never moves in. “That’s going to make U.S. housing permanently more expensive,” he said."




If we have huge investment firms buying up homes at 50% over market value -- how can everyday middle-class home buyers compete with that??

One popular Conservative congresswoman (Marjorie Greene) said that will lead to a select few who will own and control everything and everyone else remaining poor and under control....
So is that socialism? Seems as tho she thinks so.....

Even tho she really just explained Capitalism......

this is crony capitalism not free market capitalism,, dont forget these companies are backed up by the fed res

this is crony capitalism not free market capitalism

Unless the government is stopping other buyers, how is this "crony capitalism"?

dont forget these companies are backed up by the fed res

Backed up? How? Be specific.

the government through the fed res are backing the money for the purchases,,

How? Be specific.

 

[Dekster]

Eh, with 150K investors in their LLC, this is just a way for people to create profits on a larger scale.

A lot of these "We Buy Houses" people are fronts for investors and they are not exactly snapping up the high end of the market. They are churning undesirable/less desireable properties for flippers.

Blackrock is buying up whole subdivisions and these aren't just a couple of run-down houses.and over paying for it to drive out everyday folks...and they are using taxpayer money to do it.....

That leads to a crisis later.....and when that happens, I hope folks don't once again blame the "everyday people" for it while using tax dollars to propup the banks and hedge funds...again

Then everyday folk are getting more for their property then it is worth, so it is a win-win for the sellers and the buyers. You can't have your cake and eat it too. With interest rates being effectively zero percent and mortgages going out at less than 3%, then investors wanting to make money are going to look for new ways to do so. This just happens to be one of them.

 

[Biff_Poindexter]

If You Sell a House These Days, the Buyer Might Be a Pension Fund

Yield-chasing investors are snapping up single-family homes, competing with ordinary Americans and driving up prices.

www.wsj.com

"Private-equity firms with billions and yield-chasing investors are snapping up single-family houses to rent out or flip. They are competing for houses with ordinary Americans, who are armed with the cheapest mortgage financing ever, and driving up home prices. “You now have permanent capital competing with a young couple trying to buy a house,” said John Burns, whose real estate consulting firm estimates that roughly one in every five houses sold is bought by someone who never moves in. “That’s going to make U.S. housing permanently more expensive,” he said."




If we have huge investment firms buying up homes at 50% over market value -- how can everyday middle-class home buyers compete with that??

One popular Conservative congresswoman (Marjorie Greene) said that will lead to a select few who will own and control everything and everyone else remaining poor and under control....
So is that socialism? Seems as tho she thinks so.....

Even tho she really just explained Capitalism......

this is crony capitalism not free market capitalism,, dont forget these companies are backed up by the fed res

this is crony capitalism not free market capitalism

Unless the government is stopping other buyers, how is this "crony capitalism"?

dont forget these companies are backed up by the fed res

Backed up? How? Be specific.

Blackrock is financed in large part by the Federal Reserve...

They are in fact, contracted by the Feds...

Fed Hires BlackRock to Help Calm Markets. Its ETF Business Wins Big.

The Federal Reserve committed in March to deploy billions of dollars to prop up the economy during coronavirus lockdowns. The move benefited money managers including BlackRock, which helped the Fed execute its plan.

www.wsj.com

Definitely not this free market capitalism I keep hearing about....

 

[Biff_Poindexter]

Eh, with 150K investors in their LLC, this is just a way for people to create profits on a larger scale.

A lot of these "We Buy Houses" people are fronts for investors and they are not exactly snapping up the high end of the market. They are churning undesirable/less desireable properties for flippers.

Blackrock is buying up whole subdivisions and these aren't just a couple of run-down houses.and over paying for it to drive out everyday folks...and they are using taxpayer money to do it.....

That leads to a crisis later.....and when that happens, I hope folks don't once again blame the "everyday people" for it while using tax dollars to propup the banks and hedge funds...again

Then everyday folk are getting more for their property then it is worth, so it is a win-win for the sellers and the buyers. You can't have your cake and eat it too. With interest rates being effectively zero percent and mortgages going out at less than 3%, then investors wanting to make money are going to look for new ways to do so. This just happens to be one of them.

So to recap; you don't mind that once again; wealth is being concentrated at the top...got it

 

[Turtlesoup]

I was up in Sioux Falls last weekend, people are over bidding by as much as $25,000. They are moving in from the Coats, they can pay cash and telecommute. It's nuts

We had a friend with a trashy small house.......that he paid 167,000 for a few years ago. Realtors kept harassing him to sell---so he said fine if you can get $263,000 with no repairs. He got several offers on the house, didn't do any repairs or updates. He got $303,000 within 4 days. Its crazy.

 

[Biff_Poindexter]

Eh, with 150K investors in their LLC, this is just a way for people to create profits on a larger scale.

A lot of these "We Buy Houses" people are fronts for investors and they are not exactly snapping up the high end of the market. They are churning undesirable/less desireable properties for flippers.

Blackrock is buying up whole subdivisions and these aren't just a couple of run-down houses.and over paying for it to drive out everyday folks...and they are using taxpayer money to do it.....

That leads to a crisis later.....and when that happens, I hope folks don't once again blame the "everyday people" for it while using tax dollars to propup the banks and hedge funds...again

Then everyday folk are getting more for their property then it is worth, so it is a win-win for the sellers and the buyers. You can't have your cake and eat it too. With interest rates being effectively zero percent and mortgages going out at less than 3%, then investors wanting to make money are going to look for new ways to do so. This just happens to be one of them.

By the way, in the example I posted in the OP

That over 50% offer --- that money didn't go to individual homeowners -- it went to D.R. Horton Inc...

The goal is to keep more and more people as permanent renters; not home owners....which is why this is being called "The Great Reset" -- the goal of trying to redistribute 100 trillion dollars up to the top

Capitalism?

 

[Dekster]

Eh, with 150K investors in their LLC, this is just a way for people to create profits on a larger scale.

A lot of these "We Buy Houses" people are fronts for investors and they are not exactly snapping up the high end of the market. They are churning undesirable/less desireable properties for flippers.

Blackrock is buying up whole subdivisions and these aren't just a couple of run-down houses.and over paying for it to drive out everyday folks...and they are using taxpayer money to do it.....

That leads to a crisis later.....and when that happens, I hope folks don't once again blame the "everyday people" for it while using tax dollars to propup the banks and hedge funds...again

Then everyday folk are getting more for their property then it is worth, so it is a win-win for the sellers and the buyers. You can't have your cake and eat it too. With interest rates being effectively zero percent and mortgages going out at less than 3%, then investors wanting to make money are going to look for new ways to do so. This just happens to be one of them.

By the way, in the example I posted in the OP

That over 50% offer --- that money didn't go to individual homeowners -- it went to D.R. Horton Inc...

The goal is to keep more and more people as permanent renters; not home owners....which is why this is being called "The Great Reset" -- the goal of trying to redistribute 100 trillion dollars up to the top

Capitalism?

Blackrock sells houses and manages portfolios. They make money as the middleman between their investors and their investments. Get in on the action or don't. The choice is yours. Don't like it, then stop supporting the government that is flooding the damn system with so much cheap cash people are having to find new and better ways to invest it.