Why are billion-dollar “capital” entities like BlackRock buying up hundreds of millions of dollars of formerly privately owned homes? It may be possible to divine the answer by looking at another number:
The millions of people on the cusp of being evicted from the places they rent.
According to the U.S. Census Bureau, there are some 6.7 million of these people – who’ve had their rents increase by $250 per month, on average. The majority of these people earn less than $25,000 annually – and all of them have had the buying power of whatever they earn reduced by about 15 percent, via what is styled “inflation,” in order to make the victims of it think that the things they need to buy or pay for (like rent) cost more. In fact, their money just buys – and pays for – less.
Many of these renters have had their rent subsidized as part of what was styled “pandemic” relief,” an odd way of putting it since the “pandemic” didn’t force anyone to stop working (or hiring workers).
Rather, it was the government that did it.
The same government also told landlords they could not evict renters who weren’t paying rent. Which meant that landlords were being forced by the government to pay their rent – via the cost of paying the property taxes the government didn’t hold in abeyance, as well as all the associated carrying costs of owning a rental property – including the monthly mortgage payment.
That is coming to an end – along with the paying of people not to work.
But how will millions of these renters pay their rent with money they haven’t got – or which buys (and pays for) 15 percent less than it did before the “pandemic” devalued it by that amount?
It is likely many of them will not be able to pay the rent because if they do, they will not be able to eat.
What will happen, then?
It is possible there will be a kind of Mass Eviction Event, unprecedented (like so many other things of late) in modern American history. Try to imagine 6.7 million new “homeless” people – the air fingers quote marks to remind people of the meaning-manipulation performed so deftly by the Left when it means to subvert honest conversation by using dishonest language.
Once upon a time, there were bums – and derelicts. Irresponsible and dysfunctional people who lived on the street (and under overpasses) because they either wouldn’t or couldn’t work. They were a fringe element for these and related reasons.
But how about millions who don’t want to live on the street – or under a bridge? People – many of them – who would like to work but find it doesn’t pay enough to cover the rent, their pay having lost much of its value? Or because they have been surviving on credit – the accumulation of debt – and the bill for that is now coming due . . . ?
Enter the Rock that is Black.
It stands ready to rent the private homes it has been buying up to the people who can no longer pay rent. If that sounds incongruous, consider who is likely to be paying the rent. Not the government, of course. The government doesn’t pay for anything. It makes us pay for everything – via the taxes we’re forced to pay it. Government redistributes this money – typically, to engender dependence and loyalty from those who receive it.
The number of people receiving these bribes – for that is ultimately what’s on the table here – could be set to increase by . . . about 6.7 million. That is a lot of people. Enough people to create a “crisis.” One that the government will not allow to go to waste, having precipitated it.
There will be urgent, gas-lit “calls” to “do something” about this army of “homeless” people. And – in truth – something will need to be done, because 6.7 (or even two million) new “homeless” people is a hell of a problem. Desperate people being inclined to do desperate things. They can’t be locked up – realistically speaking and leaving aside compassionately speaking. But they do need housing.
Maybe the one next door to you?
It’s diabolically ingenious, isn’t it? How better to “bust up” still-intact neighborhoods – especially those in suburban and rural areas – than by introducing millions of government-dependents among them? People who don’t pay rent – but use the government to force you to pay theirs . . . plus whatever else it is decided they “need.” Who will be able to vote in your local elections, too.
In this way, Black Rock does what even the government has been unable to do – thus far – by using private capital to advance the same agenda government has pursued for decades, without the incrementalism of taking decades to advance it. Just the same as private corporations (well, “private” insofar as legal technicalities) were used with great effect to skirt the obstacles facing government when it came to having to pass laws to enforce “pandemic”-related measures such the “mandated” wearing of Face Diapers and other such variants of Servility Kabuki.
So, first – drive up the price of real estate by buying as much of it as money allows, the money available being almost without limit. At the same time, devalue the purchasing power of money, such that fewer people can afford to buy – or rent – a home. Then – having created the “crisis” – leverage it to great advantage, by getting the government to pay the rent using money extracted from the hides of the dwindling few who can still (just barely) afford a privately owned home.
Then squeeze these few – and not just financially. Place them between a rock and a hard place, their homes surrounded by homes lived in by people who no longer have to worry about their rent.
Because you’re paying it, now.
. . .
Got a question about cars, bikes or anything else? Click on the “ask Eric” link and send ’em in! Or email me directly at [email protected] if the @!** “ask Eric” button doesn’t work!
If you like what you’ve found here please consider supporting EPautos.
We depend on you to keep the wheels turning!
Our donate button is here.
If you prefer not to use PayPal, our mailing address is:
EPautos
721 Hummingbird Lane SE
Copper Hill, VA 24079
PS: Get an EPautos magnet or sticker or coaster in return for a $20 or more one-time donation or a $10 or more monthly recurring donation. (Please be sure to tell us you want a magnet or sticker or coaster – and also, provide an address, so we know where to mail the thing!)
My eBook about car buying (new and used) is also available for your favorite price – free! Click here. If that fails, email me at [email protected] and I will send you a copy directly!
Churches Across US Build Tiny Home Villages Amid Worsening Affordability Crisis
a tidal wave of evictions could be ahead with 8.4 million Americans, or about 15% of all renters were behind rent payments. Of that, 3.5 million said they could be evicted within the next two months. Unlike the pandemic, the federal eviction moratorium prevented people from ending up on the streets, though the moratorium has since expired during the worst inflation storm in four decades.
https://www.zerohedge.com/markets/churches-across-us-build-tiny-homes-amid-worsening-affordability-crisis
.Why is no one calling out the fraud of fractional reserve banking Eric?
The “money” loaned by these fractional reserve banks was counterfeited,
and IMHO they likely don’t owe the bank anything.
Why when the Constitution guarantees a jury trial are these homeowners not getting a jury trial where jurors like me could tell the banks to go pound salt!
That they are NOT going to steal all of our homes and farms with the same scam they used in the great depression.
It seems that in the past 90 years that Americans have not learned a damn thing and that they enjoy being slaves on the banker plantation!
Hi Joe,
You’re right, of course – regarding fractional reserve banking. And I (and others here) have called it out. It might be well worth digging into again, though!
Good to hear Eric.
If we don’t challenge the legitimacy of these fake “loans” and the totally
rigged game they are playing, most of the people in this country are going to lose their homes and or farms (and go to camps eventually).
This would not only protect us from the bankers but the 1st plank of the Communist manifest: The County property tax collectors that IMHO are on board with the NWO, and will soon be trying to add a carbon tax to already existent extortion racket they run.
Juries can not only nullify criminal bankers, and property tax collectors, they can with properly educated citizens, nullify any tyrannical law passed by the Federal, State, or local legislators.
That with only 8.3% of the population on board. A lot less than the 50%+ needed for the ineffective and rigged “vote”,
We MUST demand a jury trial as guaranteed in the 6th and 7th amendments for ANY action the government wants to take toward us.
When I read your comment, Joe, I just thought, sadly, “They have it all setup, in cahoots, it would never make it to a jury”.
…I’ve heard lotsa credible stories about brown envelopes of cash being forwarded to judges at the local level… And, I’m often reminded of the bit from the film, ‘The Grapes of Wrath’ where the sharecropper asks, “Can I shoot ’em Ma?” as he and his family are confronted by the operator of the bulldozer and that whole conversation.
(I don’t know how to time stamp it:)
https://archive.org/details/the-grapes-of-wrath-1940
“… “America is at that awkward stage. It’s too late to work within the system, but too early to shoot the bastards.” — opening lines of 101 Things To Do ‘Til The Revolution by Claire Wolfe” …
https://billstclair.com/lodge/Books101.shtml
“But how will millions of these renters pay their rent with money they haven’t got – or which buys (and pays for) 15 percent less than it did before the “pandemic” devalued it by that amount?”
I suspect there will arise an underground economy. How that will work out and play out will be localized.
Housing prices are through the roof, and interest rates are going up. Renters are also screwed, as rents go up to keep pace with home prices, but wages are not.
This was caused by the Fed which bought a shit ton of mortgages.
https://fred.stlouisfed.org/series/WSHOMCB
In 2008 the Feb started buying MBS, and now it is 2.6 trillion
But like housing, auto prices go up, auto sales have been steadily falling for decades as prices go up.
https://fred.stlouisfed.org/series/DAUTOSA
https://wolfstreet.com/wp-content/uploads/2022/06/US-auto-sales-new-average-transaction-price-2022-06-26.png
Mitt Romney appointed Orit Gadiesh to run Bain Capital. Bain is the predecessor of Blackrock which was formed out of Blackstone by Larry Fink. Yes, they are all working together to asset strip Amerika folks!
https://www.bain.com/our-team/orit-gadiesh/
https://en.wikipedia.org/wiki/Orit_Gadiesh
—————–
https://rense.com/general95/mittagnt.html
Mitt Romney An Agent
Of The State Of Israel
By Christopher Bollyn (see https://www.bollyn.com/bookstore/)
6-13-12
“Romney’s Israeli Handler
Orit Gadiesh, former “War Room” assistant to Ezer Weizman and Moshe Dayan, is the daughter of Israeli Brigadier General Falk Gadiesh (born Falk Gruenfeld, Berlin, 1921) and his Ukrainian-born wife. Gadiesh is chairman of the management consulting firm Bain & Company, the parent company of Bain Capital, and was the company’s managing director under CEO Mitt Romney in 1992. “She’s like a Jewish mother figure to many of the people at Bain,” ex-Bainie Dan Quinn told Fortune magazine in 1996.
Bain Capital owns Clear Channel, the largest radio station group owner in the United States. Clear Channel owns the networks which air the most popular radio talk shows, including The Rush Limbaugh Show, The Glenn Beck Program, The Sean Hannity Show, America Now with Andy Dean, Coast to Coast AM, The Savage Nation, The Mark Levin Show, and The Dave Ramsey Show. (Graphic: “Rush Limbaugh Spills the Beans on the Jewish Conspiracy” by Pat Healy)
Mitt Romney was a co-founder of Bain Capital along with Bill Bain, seen here. Bain was ousted in 1991 and Romney served as CEO of Bain & Company in 1991-1992. In May 1991, while Romney was CEO, Gadiesh was named chairman of the company’s Policy Committee, which set the company’s business strategy and policy. In 1992, under Romney, she became managing director. Orit Gadiesh, who has worked at Bain & Co. since 1977, became chairman of Bain & Co. in 1993.
Orit Gadiesh, born in Israel in 1951, has worked closely with Mitt Romney since at least 1991, and probably much longer since she joined Bain & Company in 1977, when she was 26. Romney appointed Gadiesh to his transition team when he became governor of Massachusetts in November 2002. Gadiesh is the daughter of Falk Gadiesh, an Israeli brigadier general and former member of the general staff who reorganized the Israeli army in the early 1950s after a stint at the Massachusetts Institute of Technology (MIT).
Falk’s daughter Orit was chosen to serve in Israeli military intelligence. Her first position in the Israeli military was as assistant to Ezer Weizman, the deputy chief of staff who later became president of Israel. During the early 1970s, she worked in the war room, a bunker where Gen. Moshe Dayan was in charge. As a war room assistant to Weizman, Orit provided military leaders with documents and correspondence.
Prior to joining Bain & Company, Gadiesh served in the office of the Deputy Chief of Staff of the Israeli Army. Currently, she is on the board of directors of the Peres Center for Peace, an organization headed by a former chief of staff of the Israeli military, Lt. General Amnon Lipkin-Shahak. The high-level Mossadnik Avner Azulay, managing director of the Marc Rich Foundation, is also on the executive board of the Peres Center.
ROMNEY’S INTELLIGENCE CHIEF AND CAMPAIGN ADVISER Mitt Romney named Michael Chertoff, the Israeli agent who supervised the destruction of the crucial evidence of 9/11, co-chair of his counterterrorism and intelligence advisory committee in October 2011. The 9/11 cover-up continues.
Mitt Romney attended the Mossad’s “Herzliya Conference on Israeli Security” in 2007. Romney and the current Israeli prime minister Benjamin Netanyahu worked together as consultants at the Boston Consulting Group early in their careers.
Romney’s close relationship with Orit Gadiesh and Israeli military intelligence is the real reason he is the chosen candidate of the Zionist establishment. Romney is being supported by high-level Zionists, Israeli military intelligence, and their controlled media network. This relationship between the Israeli military and Mitt Romney, a presidential candidate, should be of great concern to all Americans because this is how the Israeli military plans to drag the United States into a war with Iran.”
Before Blackrock their was Bain Capital whose most notable CFO was Mitt Romney, who worked there with Bibi Nutenyahoo. Yes Virginia, Mitt Romney who ran for POTUS worked with the the most popular PM of Israel. Blackrock is just another asset stripping firm being used to take down your nation by god’s chosen almighty ones.
The CEO of Blackrock is Larry Fink. Fink is taking advantage of zero interest rates to buy up the Amerikan slave homes – then rent them back to you. The Fed supports this criminal activity by purchasing trillions in Mortgage Back Securities. The Fed (Federal Reserve) is not a public agency, it is a private banking monopoly which has Amerika by the throat.
https://en.wikipedia.org/wiki/Larry_Fink
https://www.ft.com/content/7dfd1e3d-e256-4656-a96d-1204538d75cd
Bain Capital was started by a Jewess daughter of an Israeli General, and what Bain did was buy up American Corporations with cheap loan money from the Federal Reserve then break up the corporation and sell off the chunks. But there’s more, they are heavily into the drug trade with the Bush crime family.
https://en.wikipedia.org/wiki/Bain_Capital
https://corporatefinanceinstitute.com/resources/knowledge/deals/asset-stripping/
https://www.huffpost.com/entry/mitt-romney-death-squads-bain_n_1710133
https://www.jewworldorder.org/breaking-romneys-bain-capital-drug-front-for-bush-cartel-video/
Mitt Romney the Mormon ran for prezident (but the Amerikan slaves wanted nothing to do with him) and Bibi (Satanyahu as he is called by the Palestinians) went on to run Israel, and became the longest serving Prime Minister of Israel because he was butcher of Palestine. To this day most Evangelicals in Amerika and most Jews view that insane psychopath as the savior of Israel.
—————–
https://www.veteranstodayarchives.com/2015/03/08/the-hidden-history-of-the-incredibly-evil-khazarian-mafia/3/
“Benjamin Netanyahu was meeting in at Finks bar in Jerusalem, a well-known Mossad watering-hole. Here is what he said as taken directly from the transcript of the recording which was witnessed and has been 100% fully authenticated:
“If we get caught they will just replace us with persons of the same cloth. So it doesn’t matter what you do, America is a Golden Calf and we will suck it dry, chop it up, and sell it off piece by piece until there is nothing left but the World’s biggest welfare state that we will create and control. Why? Because it’s god’s will and America is big enough to take the hit so we can do it again, again and again. This is what we do to countries that we hate. We destroy them very slowly and make them suffer for refusing to be our slaves.” – Bibi Netanyahu
This is exactly what the Rothschild Khazarian Mafia (KM) has been doing to America since it successfully infiltrated and hijacked America in 1913. Knowledge of what Bibi said on behalf of the Rothschild Khazarian Mafia (KM) should make us all furious and get motivated to drive these evil creatures out of America and take our great Republic back.”
LOL! What a pantload of malarky, Jack.
If you had any stones, monkey boy, you’d stand on a street corner in Boro Park and spout this drivel. Of course the Hasids are some pretty tough Jewboys out there and your kind are craven cowards so you’ll just sit on ass behind your keyboard and pollute a libertarian free-speech site where you know you won’t be summarily tossed out on your ear due to your hate-filled diatribes.
The great American Republic has been torpedoed by none other than a long litany of regular white guys going back at least to Abe Lincoln. If you want a look at an example of the “evil creatures” that need to be driven out you need only to look in the mirror.
Riiiiight…because “ABRAHAM” Lincoln wasn’t Judaized at all, and wasn’t an obvious, known front-man for Jewish banks. I’m sure you aren’t aware that ABRAHAM Lincoln chose “Battle Hymn of the Republic” as his war chant as he sent his golem to slaughter and rape the South, which pertains to the “glory” of the Jewish war-god Yahweh trampling the “grapes of wrath” underfoot, which is a recurring symbol in the Jewish Bible for the slaughter of gentiles:
Isaiah 63:3:
“I have trodden the wine press alone; and of the people there was none with me: for I will tread them in mine anger, and trample them in my wrath; and their blood shall be sprinkled upon my garments, and I will stain all my raiment.”
Battle Hymn of the Republic:
Mine eyes have seen the glory
Of the coming of the Lord;
He is trampling out the vintage
Where the grapes of wrath are stored;
He hath loosed the fateful lightning
Of His terrible swift sword;
His truth is marching on.
The Civil War was a ritual sacrifice of goyim to Yahweh, the war god of the Jews.
“Jason Flinders”, you seem like your time would be better time on a “street corner of Boro Park” sucking circumcized “Jewboy” cocks for shekels, since that is apparently what you’d like to do.
Interestingly, you don’t address any of Jack’s factual assertions, or make a reasonable argument against his inferences and interpretation, but instead you threaten him with ruin at the hands of the very Jewish Power you are purporting to deny. This is how Jews do it—you attack any comment on your own power by threatening to leverage that very power.
“The Jew cries out in pain as he strikes you,” as was commonly understood and said in times when Jewish power was not yet total.
You’re still pretty new on here. You seem to have added a serious “it’s da jooooos” to your oeuvre. A regular theologian. Smells like bacon to me. Flinders has been handling biz with your type for a long time on here and is no joke. Get ready.
My word I am downright trembling!
Flanders is “no joke” you say! As in: veteran-shabbos-goy-running-interference-for-his-Noahide-masters-no-joke? …Or as in, like, full-on Unit 8200 zio-troll-no-joke? Wow! Either way it sounds like I must really be in for it!
Thanks for the tip, anonymous good Samaritan toadie!
Flinders is weak.
~ Twisted Jungarian synchronicity there, F_P. I mentioned, ‘The Grapes of Wrath’ on a thread before reading yours, and here you are. Odd, that.
Anyway, what I wonder is, what were the names of jewish banks in 1850?
Also, “ABRAHAM” Lincoln known front-man for Jewish banks?
Got any facts/links to back that up? Seems absurd.
The Wayback machine tells me this character initially came on the scene defending some Daily Stormer diatribe attacking libertarianism. These days we get the full on “it’s da joooooos” (but sometimes still it’s the AI singularity) report. Sounds like a cawp to me.
“cawp”? The Center for American Women and Politics?
I think he’s accusing Jew-pilled posters of being federal agents.
This is classic goy toy behavior (e.g. Gavin McInnes).
I take it you haven’t seen The Departed.
I know of some Mises folks that are quite fond of Anglin….
I hadn’t heard that so I did a quick search. Not saying this is definitive by any means but I do find it interesting that an article by Anglin (link to Daily Stormer) was posted on LRC in 12/21 then subsequently taken down by Lew. This Reddit thread makes it sound like the Mises folks you mention may just be one or some very junior level alt-righty types with access to the LRC site.
https://www.reddit.com/r/AskLibertarians/comments/rb9q7v/is_it_appropriate_for_lew_rockwell_to_link/
So what should be done about them, Zek? What sort of libertarian-friendly punishments would be applicable for this situation? Since they promoted wrongthink content, perhaps a temporary ban on their bank accounts should suffice?
Mad, huh? I found it interesting that Lew took it down. Says a lot. Seems like punishment enough in my opinion. I’m sure there’s an agent or two posted up at Mises or on here or anywhere for that matter. That being said, in any group of ten holding a torch for Anglin, yelling about “da joos”, wearing satin hoods, or screaming for violence, it’s always 9 agents and one dimwit patsy. It’s political internet 101.
I don’t know what it is about you. The bile you are spitting on this thread is so over the top and cartoonish. Tiresome, indeed. Yet it slides. You’re really classin’ the place up. Keep up the bad work.
Was the removal voluntary? If so, that isn’t punishment. Details matter!
WTF? “Wayback Machine”? You really ARE Unit 8200!
That’s some obsessive shit, “anonymous”! Are you “hatterazek”? He was the previous poster who used to obsess on the fact that I once mentioned Anglin in a non-dismissive light.
It’s hilarious to me that goyim like “anonymous” here are so terrified of Jews that they’ll suspect that anybody critical of Jews must be some kind of “entrapment” operation by the Jewish-dominated government. Therefore, they try to win brownie-points with the Jew-government that terrifies them by defending Jews, by arguing that Jews are not all that powerful! Specifically because they think Jews so indomitably powerful that the Jews are able to run a sting operation on them, so they deny Jewish power out of their abject terror of Jewish Power. It’s deliciciously perverse!
As Gilad Atzmon says: “Jewish power is the power to suppress criticism of Jewish power.”
Zek here (or “anonymous”) just beautifully illustrates this maxim in vibrant oil colors.
You know, it’s funny. I didn’t shout you down or even make any arguments for or against “da joos.” I just find your expansive lexicon and increasing zeal on the topic suspicious, especially for someone who has previously self-identified as a licensed officer of the court. Then you mention “entrapment” operations.
Excellent detective work there!
OK ned, what did Yukon write or say that was ‘Hate filled?’ Maybe you could be specific. Both his above comments simply bring forth known information. If you are unwilling to to accept it fine. It always comes back to ‘follow the money (power).’ Also what is the one group you are not allowed to criticize ever? Flanders, Flanders?
I don’t see how anyone cannot notice it at this point, especially with this Russia-Ukraine business.
Hi Anon,
One of the striking – to me – things about Keeeeeeeeev! is that the president who has sent $60 billion (so far) of our money there is also the one who has dirty laundry there. The leader of Keeeeeeeeev! probably has the goods on Biden. And that’s explains his endlessly priapic desire to support Keeeeeeeeeeeev!
Norman: “Also what is the one group you are not allowed to criticize ever?”
In the “Flanders-Zeknonymous” universe, only a “fed” would even ask that question because it’s so scary! So in Flanderszeknonverse, the safest bet is to shout down the filthy goy heathen who would dare ask such scary questions…because those questions might lead to thinking scary thoughts that might get us all in trouble…from They-Who-Cannot-Be-Named-Or-The-CAWPS-WILL-COME-GET-US!
The deeply neurotic, craven doublethink in Covidist Merika is truly a thing to behold…
Sorry JF….Jonathan Pollard… F… Off.
Addendum: I’ve had it in mind for some time, were I wealthy enough to accomplish such a feat, that I’d make “time home” neighborhoods, where only cookie-cutter nightmares now spring forth.
That is to say, I could put 200-300 sq ft homes on small lots, built to be grid-less and energy independent, so as to teach people about such systems, and sell them for perhaps $40k, still making a profit if done correctly, but letting people actually pay off their homes in 2-3 years so that they may actually begin accumulating wealth.
All “tiny home” schemes I’ve seen so far have been “community”-type efforts, with the residents still paying fucking rent, and have been ridiculously expensive, the worst of which having been done by Californians (of course).
They simply don’t understand that it’s the ownership of private property and the accumulation of individual wealth that makes people free and independent… Or perhaps they do.
2-300 sq ft is ridiculously small even for an apartment.
My last apartment was like 800 sq ft
There are certain aspects of the concept that appeal to me but there’s no way I could do it not least if which is the sheer amount of stuff which significantly increases when one becomes a homeowner. Tools, lawn mower, snow shovel, gardening stuff, there’s a whole lot of things that accumulate with that milestone.
Not feasible for me. I would never be interested. Perhaps for others.
Publius,
The storage issue could be somewhat remedied with a shed. But I understand to some degree.
I lived in an 25ft, Class A RV, with something more like 150 ft^2 of livable room for about 7 years. I was fine, except for the storage space, and that trailer park gave me trouble about putting in a shed.
Now, think of those who are just beginning in life. Maybe if you’re 18 or 22, just out of college. Maybe you’re homeless and need to start over. This idea isn’t, perhaps, for the long-term, though some may be quite happy with it, and seek to remain.
I think the more people who can become home owners, the better, as it teaches them something and begins to make them independent, and the gov’t begins to lose its army of serfs.
When I was at that phase of life, I wouldn’t have been in the market to buy. Employment was too temporary, I found myself gaving to move every 2-3 years. I was almost ready to buy when layoffs hit so I had to move yet again. I didn’t buy until I’d been at my current job for right at 5 years. I bought something small enough I can take care of by myself but with a few extra bedrooms. This gives me the option to get married & raise a family later (if either thing ever happens). So I don’t necessarily have to ever sell it.
Well, I’m just about to sell, now because I couldn’t sell with a defunct septic tank being the only “waste management system”. I believe I’ll make it out just in time. The estimate on my home is highest it’s ever been, but I know that likely won’t last long.
And I think you’re precisely correct, Eric. I believe the Fed acted right on cue, raising interest rates which increased mortgage rates, because the remaining housing isn’t for YOU, little scum. And since the little people can’t afford to borrow the money (the irony?), the “Rock that is Black” (haha) and other dark monolithic companies can purchase all the real estate and rent it to the serfs. Land LORDS in the New Corporate Feudalism.
Eric, a little off-topic, but have you heard of Schedule F? Jeff Tucker explains how Orange Fail did at least set the stage for draining the swamp, albeit much too late in his term:
https://brownstone.org/articles/the-astonishing-implications-of-schedule-f/
Upon taking office, The Thing immediately reversed Trump’s order with one of its own, titled “Protecting the Federal Workforce.”
Hi Roland,
No, I had not heard of it – but am glad to know about it. I am, however, even further dismayed – and angered – by the Orange Man’s failure (or complicity). I understand that he could not fire Fauci. But did he have to give him the microphone – literally? For months on end? I was appalled – at the time – by his failure to understand what it meant to give Fauci the microphone – or his understanding of it. Either way, it doesn’t look good.
I am not searching for salvation via politics; but I am tired of politicians who either don’t “get it” or who are part of it.
Agreed, Eric. But this might be some comfort to those who voted for him. Looks like he might not have been the 100-percent fraud that I thought. And it could be argued that his SCOTUS appointments are now bearing fruit.
I gave up on voting a long time ago. The past two and a half years have shown that politics is mostly a sideshow to keep the cattle distracted while millions of entrenched bureaucrats continue to use the wealth they’ve stolen from us to make our lives worse. Would that they just took the loot to Vegas and wasted it on gambling, parties and hookers. We’d be better off.
@ Freelance: “Congress is now fully ceremonial.”
Only partly so – it still serves the function of legitimizing the neo-fascist alignment of bureaucracy and technocracy, providing the false face of ‘democratic representative government’ to the public in order to deflect any rational response until it’s too late.
Clearly the gov-spawned abortion known as the corporation has over-stayed its welcome on Planet Earth. Question is, what can we do about it?
Hi Anon,
You raise an interesting question regarding what todo about corporations. A beginning, certainly, is to not work for them and so not become dependent on them. The next thing I’d suggest is not doing business with them, so as to deprive them of the money they must have in order to leverage us. Finally, spread the truth about them. About the fact that they are perversions of the concept of private property and are not owed the same respect for same we owe to individual human beings who own thing, including themselves.
Anon,
Corporations may not be so bad, and might even be tolerable, if they were not “legally” considered to be private businesses, which of course they aren’t. Being a creation of the state, and wholly dependent upon the state to continue to exist. They are in effect agents of the state, and should suffer the same restrictions as the state. Although the state is currently on the warpath against any restriction at all.
It appears to me that the entire government and economic house of cards is about to fold, so we will have to build back. Whether we build back BETTER or not is for future generations to judge. If there are any future generations following the assault on reproduction.
In Covidist Marika, you don’t decide what to do about korporation—korporation decide what to do with you.
You got a laugh out of me, Freelance, for what it’s worth.
It’s also very much the truth.
There’s a related term for “BlackRocking”. I think it begins with a “J”….
This Is A Heavy One. BlackRock, WW. III, More.
AI robot Alladin running blackrock
Blackrock buying houses
https://www.youtube.com/watch?v=6pnt7hosdhU
Millions displaced…high unemployment…only jobs available pay poverty wage…All forms of totalitarianism on the move, and growing in influence…this is Great Depression II.
When we all look back on this we will wonder how we ever made it through.
The answer is, you just do.
Atlas Shrugged, now non-fiction.
Can everyone say FASCISM?? Because this is what the government has become. Corporatists and government leftists have united as a tag-team to destroy freedom and are so far unstoppable. The international NAZI Claus Schwab and his minions are doing what the Third Reich could not. I’ve always questioned the outcome of WWII, while Germany was defeated the Nazis themselves (scientists, business owners, etc.) were given safe passage to America and other nations free to “infect” their hosts. What the government cannot do, international corporations can. Freedom, political and economic be damned.
This real estate garbage is on the way for a seriously “selective”…drop in value.
While all cash buyers are fine …..just about everyone else, that has to finance at ridiculously high prices will be screwed!!
“Deja vu all over again”!
My GF inherited her father’s place on Washington Rd (WPB) right across the intracoastal waterway from a place called “Mar a Lago” on Palm Beach…
She showed me a picture of the place and mentioned the location…
I immediately said..”it’s worth 70 to 80k”.
Moved down there permanently in 2008….we actually had realtors walking up to the door asking to buy the place….
FOR 375K!!!!!
Opps, real estate collapse…. my GF had passed away and I moved. The place sold for 72K in 2012.
Cost Accountants, Rule!
They are hell bent on destroying middle class normalcy here in Washington State:
https://www.thecentersquare.com/washington/washington-state-could-end-single-family-zoning/article_8f71eed0-636b-11ec-ac88-33a5f681b740.html
And Feds doing their part for quite some time:
https://www.breitbart.com/politics/2016/05/09/one-obamas-last-acts-will-punish-suburbs-white-wealthy/
Once these policies are in place good luck getting rid of them!
Inflation is the very purpose of fiat currency. There is no other reason to use it. It is a camouflaged tax to support the government spending far more than it can afford, on whatever it pleases, and no sane person wants. Blackrock is a member of that club. You ain’t.
Instead of you having enough to pay your rent or mortgage, your wages and assets are depressed until you can’t. Then Blackrock, a huge player in the stock market, the casino owned by the bank cartel and the likes of Blackrock, boots you out and forces you to dive into “government assistance”, which is nothing of the kind. It’s enslavement to the government and its banker/stock market partners. As Bastiat said, government is plunder, pure and simple.
Stretch this out and thought exercise a scenario:
Blackrock (and others) engage in this buying. Get the govt to subsidize the rents as described by Eric, ensuring big govt voters.
As homes continue to be bought and rented by this cabal, govt starts pushing for housing as a right.
Govt uses eminent domain to “buy” all of our houses, turn them over (ala New London) to the cabal, who in turn will “rent” them back to us.
Far fetched? Maybe. Would the ruling class love to do this to buy our votes forever (and punish dissenters)? Hell yes.
No vax, excess carbon footprint, poor ESG score, too many guns, no house.
Most of the dignified, humane housing will be demolished entirely, so it won’t be a matter of renting people back the same houses they had before. The masses are being displaced into “Agenda 21”-style high-density “sustainable housing”. This concentration will be used to justify forced pseudo-medical injections on everyone.
Good points except the part about buying votes. Voting is akin to wearing a mask. Wearing a mask to “vote” means you’re fully up to date with your programming. There have not been real elections for a very long time. They couldn’t care less who stands in line to check various boxes.
I was trying to figure out how BlackRock and Vanguard were doing this. How did they know which homes to buy and in what neighborhoods? I have figured out one piece of the puzzle, but not the other.
The homes that BlackRock selects (and purchases) they already have tenants for and they have these same tenants in a “lease to own” contract.
Example: A couple sells their home in Fairfax, VA, and dreams of moving to Clearwater, FL for retirement. Surprise, surprise this said couple has put 4 contracts on homes and have been outbid on every one of them. They throw up their hands and decide to rent instead. They go onto Zillow and fill out an application so they can see a list of rental properties available (foolish, but there is a point). XYZ Company immediately contacts them sending them a list of homes for sale.
The couple is confused. They are renting, because no homes are available to buy. That is incorrect XYZ Company says. We will buy your home for you, you will rent it from us, and then we will sell it to you after the declared rental period is over. A portion of your rent will go toward the purchase of the home. Of course, no one reads fine print anymore. Everyone is looking out for your best interest, right? If you default on the rent (which is set an outstanding rate)… a $750k home in Clearwater goes for much higher than $3k per month, not only do you destroy your credit, but you also lose the money that the landlord (some subsidiary of BlackRock) has charged you for buying the home in the future.
I believe Aaron’s Rentals or Rent A Center started this decades ago when it came to sofas and TVs…they just didn’t dream big enough.
What becomes of the home when everyone is priced out of the market? My only conclusion is that Uncle Sam once again bails out the banks and said Bank then opens another entity to purchase the home at a below market price, while the old landlord takes a loss on the books, but not in life, because the taxpayers, once again, have a gun to their head and their wallets have been emptied.
There is our next housing bubble. Never bet against the banks when it comes to “creative financing.”
Interesting scenario RG,
I get about an offer a month in the mail to buy my house “as is, no problem”, which I find a bit insulting since I’ve always kept my property in good shape, and they’re all from variously named LLC’s. I wonder if they’re fronting for Blackrock or some other parasitic Wall Street hedge fund. All the letters go straight to the trash, we’ve been in this house since 1974 and I have no intention of “owning nothing” because I will most definitely not “be happy”. 😆
I could own nothing and be happy.
But that kind of sounds like a drinking problem.
(Which, I might add, many people tend to develop in communist / totalitarian societies.)
Hi Mike,
I hope you are doing well. 😊. I wish it was a scenario, but the first part is how they are doing it. I only put it together when a client called me asking for my opinion on this matter and if they should do a “lease to own”. Once I reviewed the paperwork I began researching the names involved.
Not every home is sold to a corporate entity, but the individuals that are able to purchase a home are paying top dollar and most of them do not have the balance sheets to support it.
It shares so many similarities to 2008, that it is uncanny. We then have the Fed on the other side who is creeping up the interest rates, which will drown those Americans who are holding credit card debt or worse, variable LOC on their homes.
I’ve been getting straight-up TEXT MESSAGES from vulture agents, who know my name, phone number, and they identify my property by address, saying they “already have a buyer prepared to make an offer”.
I respond, “Do not contact any further and take me off whatever list you have me on.”
I’ve had to do it no fewer than three times in the last 6 weeks-ish.
You wouldn’t take 3 million in cash?
Oh, I forgot to mention another tidbit in this saga of divesting the American people from their hard earned money…they aren’t using their money, but the millions of Americans that invested into the Stock Market. It is 3 for 1 deal.
Lesson 1: Bet on greed. Convince American homeowners that they need to sell now to get top dollar for their homes.
Lesson 2: Bet on stupidity. Realize that most Americans are not going to put 2 and 2 together to note you are using their retirement funds to over-inflate the housing and stock markets. In essence, most people are betting against themselves.
Lesson 3: Bet on lax oversight and politicians that can be bought. As more and more Americans are unable to afford rent and have been priced out of the housing market government must step in! Americans are jobless, homeless, and banks are taking huge losses! We must print more money and save the financial institutions!
BlackRock, Vanguard, JP Morgan, and Goldman Sachs thanks you, you easily manipulated stupid politicians. Don’t forget the additional 10% for the “Big Guy”. How else could we have destroyed the US economy and Americans assets and savings without him?
Been pricing homes in Clearwater, FL RG? Where are you looking?
I grew up about 15 minutes north of the city limits in Palm Harbor and lived in the general area for nearly 40 years.
If you haven’t done so already, take a trip in person down Gulf-to-Bay, from the Bayside Bridge to Downtown, veering right at the fork for Cleveland Street and continuing to where the road dead ends at the park. Ask yourself: do you *really* want to live there?
A lot of people and private equity are going to get burned on that real estate.
Hi Roscoe,
I am looking at Inverness, FL or Fernandina Beach (on the East Coast). I am a small town girl and have no desire to be surrounded by crowds of people. The Clearwater reference was actually a client of mine that brought the whole thing to my attention. Since VA now has split representation I don’t have to hightail it out of here as fast as I originally intended. I am waiting on deals, if BlackRock would get out of my way. 😉
RG,
I visited my brother in Tampa area back in mid-late March. Talk about CROWDED! NFW I’d want to live there.
Hi Mark,
That’s one of the things I worry about – regarding Florida. It seems to be already a pretty filled-up state. And – like Jefferson – I believe there is an association between density and tyranny. Too many people in too small an area is a recipe for likely trouble. It is also why I worry about my area of SW Virginia, which is not as empty as it was when I moved here 20 years ago. If I move again, it will be to an area as devoid of population as practical. Aye, and therein lies the rub!
Eric,
There is an association between density and SANITY. Not many mammals thrive in crowded conditions. People aren’t one of them.
NW Florida is crowded around the coast and blissfully uncrowded inland. Same thing in the peninsula. Orlando is a crowded tourist hellhole, but outside that, there are huge spring-fed lakes filled with trophy bass, orange groves and lots of golf courses with fairways wider than Beyonce’s butt.
I’ve had several of these BlackRock people call me about selling. I told them there is no amount of money that would part me from my land or home, so don’t even bother.
We’ve got spring water from the world’s most pure aquifer, a pond with lots of fish and woods filled with game. We also have a mild climate with a loooooooooooooong growing season that ends after the first frost and starts anew in late February or early March. If things go south with food and electricity, my family and I will make it. Because a country boy can survive! (hat tip to Hank Williams Jr.)
The preacher man says it’s the end of time
And the Mississippi River, she’s a-goin’ dry
The interest is up and the stock market’s down
And you only get mugged if you go downtown
I live back in the woods you see
My woman and the kids and the dogs and me
I got a shotgun, a rifle and a four-wheel drive
And a country boy can survive
Country folks can survive
I can plow a field all day long
I can catch catfish from dusk ’til dawn (Yeah)
We make our own whiskey and our own smoke too
Ain’t too many things these old boys can’t do
We grow good-ole tomatoes and homemade wine
And a country boy can survive
Country folks can survive
Because you can’t starve us out and you can’t make us run
‘Cause we’re them old boys raised on shotguns
We say grace, and we say ma’am
If you ain’t into that, we don’t give a damn
With Citrus County, you have to be aware of the plans for 589. A big downside of DeSantis is that he’s supported expansion of the road all the way to the Georgia border, which will enable a lot of developer antics for decades.
Hi R G,
The couple who sold their Fairfax home made a huge mistake if they didn’t sell that place for an insanely, unrealistically overinflated price, like everyone else. They certainly could have, at least up till about four months ago. Had they done that, they might have had enough equity to offset the crazy high Fla prices, and thus not gotten outbid on every offer.
Still, there are plenty of other ways to get priced out of the market. And if that happens, all too many of those people will be facing some variation on the sinister scenarios that you described.
Hi Mike,
They actually did sell it for some hellacious price…they received $30k above what they asked (based on their conversation with me). Talking to the couple, FL’s problem stems from people (with paid off homes) being able to outbid them. This couple walked away with a good chunk of money, but I believe they still had a mortgage so a portion went to that (I have no idea how much). They were putting down a very large payment, but still had to finance a portion of the mortgage on the FL property. Many other retirees came in with cash offers. The home sellers took the cash offers in a blink since closing would be quicker, inspections could be omitted, etc.
Any kind of debt seems to be a losing game.
I read an article a few months ago that 9 out of 10 homes in the St. Augustine and Jacksonville areas were cash sales. I would be terrified of purchasing a home without an inspection especially in Florida because of the moisture and humidity.
Wow, 9 out of 10 Fla purchases for all cash! Even in Jacksonville?? 😉
Yep, even Jacksonville…I guess there was probably no hope of finding anything available in the beautiful city of Orlando. 😉 Jacksonville is at least near beaches!
Hi RG, I understand that in Ft Myers area, about 60% of the sales are cash. Average price seems to be around 375 – 400k. I’m gathering that most of these buyers are coming from Boston, New York/New Jersey and then Chicago, Minneapolis etc. Average price in those areas is easily 7 – 800k or more, so even if they still have a 3 or 4 hundred thousand mortgage to pay off up there, they easily have enough left over to pay cash down in FL. Sales seem to be slowing down pretty quickly in the last 3 or 4 months though, and there are a lot of price cuts too. I think the bubble has popped, and the fallout will begin shortly.
Hi Floriduh,
What you described is inline what I have been reading. Lots and lots of people from the NE and mid West. My clients decided to rent for a year and are hoping the market stabilizes. They then told me what they are paying for rent and I about fell out of my chair. Florida is too expensive for me at the moment.
I just hope they leave their liberal politics back up north. They need to realize why they want to get out of those places. Florida ain’t perfect, but so far it’s still a lot better than NY and Massachusetts et al.
The couple that is heading down from NOVA are conservatives, hence why they picked the West Coast of Florida. I have quite a few clients that either moved there or purchased a second home (this is over the last 3 to 4 years). Every one of them can be identified as conservative to moderate red when it comes to politics…even my NY clients. My leftie clients are staying in place or moving overseas.
Hi Floriduh,
The bubble has popped – for sure – in my part of the world (SW Virginia). Six months ago, a home sold almost as soon as the sign went up – sometimes before it even did. And it sold for absurd money, for this area. Now, there are lots of For Sale signs up and properties aren’t selling right away. I expect the rate hikes are partly responsible for this. Those two houses on my street I wrote about a few weeks back remain unoccupied…
Did NCTA scale back plans for tolled express lanes north out of Charlotte on I77 again?
Toll roads are driving a lot of developer mischief in your state and elsewhere. In your state, Transurban merits watching in particular.
Hi Roscoe –
I-77 (US 220) is still in hiatus, as far as I know. At least insofar as the section that runs from Martinsville through Roanoke – where it becomes I-581. I’m 35 miles away from all of that – and “up on the mountain” – but it’s still too close for my comfort.
‘My only conclusion is that Uncle Sam once again bails out the banks.’ — Raider Girl
Since the end of 2006 — just as the housing and securitized mortgage crises were about to burst — the S&P 500 Financial sector has returned a pitiful 2.35% annually compounded, including dividends.
That’s by far the lowest of the eleven S&P 500 sectors.
As a highly-regulated industry with a hopelessly obsolete business model and no innovation, banking is in a long term crisis.
Likely banking’s 2007-2009 meltdown was merely wave ‘a’ in a long, secular ‘a-b-c’ zigzag down wave. After a dozen years of barely regaining altitude (wave ‘b’), the next collapse (wave ‘c’) may take down banks like the meteor that took out the dinosaurs.
As the largest shadow bank, BlackRock’s strategy will be to obtain an emergency registration as a conventional commercial bank (though it’s not), just as investment banks Goldman Sachs and Morgan Stanley did in 2008.
Then BlackRock will qualify for a direct bailout from the Federal Reserve, after seized-up markets refuse to fund its overnight borrowing and commercial paper.
Needless to say, BlackRock’s odious bailout will constitute corrupt cronyism on a galactic scale.
Hi RG
Catherine Austin Fitts interview:
First the control group voted for the reset, then they injected $5 trillion into the economy that went to the insiders
Then they used cv19 to shut down the economy run by the outsiders, the small businesses,
now the outsiders want cheap capital to get their businesses running again,
so the control group raise rates to squeeze out the outsiders. (the official narrative is it is to fight inflation….lol).
The insiders now have $5 trillion to buy up more assets, this is part of the centralization of everything for control.
This isn’t a turndown it is war.
https://www.zerohedge.com/geopolitical/its-not-turndownits-takedown-austin-fitts
Two important clips relevant to eric’s topic that I’ve posted before, but that bear a rewatch:
1.) https://www.bitchute.com/video/1JIoRENioBuH/
7-minute densely-packed video about how BlackRock’s Machine-Learning software suite “ALADDIN” has emerged as the singlemost dominating force over the globe’s finances. (The clip should really be twice as long as it is, since the high-speed narration is too fast, in order to make the clip as short as it is. Definitely merits multiple views.) After taking this in, I think it becomes apparent that “BlackRock” and “Larry Fink” are just cut-out fronts, much like Gates and Musk, for entirely automated, and autonomous AI processes that are programmed to dispossess the precariat masses systematically, so that they may be more easily rounded up and injected to death.
2.) https://www.bitchute.com/video/fhq0VLYTqEo/
This is a beautifully-made (but overlong) full-length documentary by the highly accomplished Melissa Dykes (“Truthstream Media”) called, This Is a Housing Crisis. It goes into chilling depths and aspects of what eric hints at in this article. Again, the overall picture is that there is a fully-automated, scientific, and mechanized process designed to dispossess the masses using financial fluid dynamics.
It must also be understood that all this is happening on a supranational and extrajudicial level that entirely bypasses by government. Congress is now fully ceremonial—in the US and every other western country—while the mulcting and mulching of the masses unfurls at light-speed, outside the perception or comprehension of anybody who is ostensibly “in charge”. The vampires and gangsters in government are all just playing catch-up and following orders from the Machine, all the time. Government is downstream of the Machine, and only comes into play in the role of the Machine’s enforcement apparatus—that is, the AGWs who actually do the evictions and levy the fines and make the arrests.
This residual role of the government, in turn, only remains because the Machine’s infrastructure is not yet fully built out to the point of autonomous robotic enforcers yet. As soon as the drone swarms, armed robo-dogs, and hive-mind-enabled supersoldiers come online at scale, the governments will all be dissolved entirely, and the Machine’s robotic appendages will forcibly drivee the masses directly into high-density-feedlot-style pens, where they will be culled or bodily vivisected and integrated into the cybernetic mainframe, as decided by the Machine.
Depressing. But Plausible. Very, very plausible.
It was hard to picture how this would come about, until 2021. Now it seems the obvious conclusion to their goals. There will be a fight against this in the Rocky mountain region. Not by everyone, but hopefully by enough.
We’ll either win or lose, but fight we must.
Not ‘just’, the Rocky mountain region.
(shute, all the links I wanna post of the county maps of the U.S. red vs. blue are ginormous.)
Then, there’s this:
‘The Minute Man Loudout – What Do You Need To Fight?’
https://alt-market.us/discussion-on-wild-bunch-dispatch-issue-78-starts-here-at-630pm-mountain-time/
I don’t believe other people will not fight. I just live in the Rockies and I know many will fight. I leave it to others in their respective areas to know if they will fight.
Find your tribe, prepare as best you can.
Eric,
3-years ago I would not believe a conspiracy like you described could be pulled off, but after the worldwide mass-psychosis bioweapon was released to get an orange man out of office (then a vaccine to kill the remaining old and duped), anything is possible.
Will local governments get into the act and raise local property taxes to out of affordable means to pay for government housing? Blackrock exempt of course.
That’s the most diabolical problem of all. Local property taxes–mostly–for the skoools. Fucking parasite parents and their kids’ skoools.
Yes. That – Is – a Big Assed Thorn, ancap.
I suspect other happenings will … modify that situation.
The Goobermint Clot Shot, for starters.
Snowball.
Tiny.
Rolling down hill.
Meets Stagflation.
Meets how-to-win-in-life.
Meets culture & tradition, older versions.
Steep hill.
Just beginning.
The race has just begun.
Hi Ancap,
Yes, indeed – as regards property taxes. I’ve focused my attention on this evil far more so than the tax upon income because the former is far more evil. Taxing income is evil, certainly. But if you are allowed – God, how I loathe the term – to use whatever you have left of your income to buy a piece of land and build a home upon it and then to actually, truly own it – then you have the prospect of being truly free, some day. Certainly, free of the need to earn more income, to be further taxed.
But property taxes keep us in perpetual bondage to the need to earn income – to pay the god-damned taxes. Using income already taxed. It is beyond loathsome.
And they’ve been loathsome and around for so long. When i was a kid i learned about them from reading Gone With The Wind. Scarlett losing her house to carpetbaggers cause she could not pay the taxes. Diabolical idea right from the start.
Hi RS,
Yup. And they have been with us since even before the income tax – a thing worth thinking about. It is also noteworthy that very few “conservatives” oppose property taxes; they just favor “less” of them. Which reveals that such “conservatives” understand nothing about them.
Hi Eric
Someone said they stole all the money, now they will steal your children and your land…..
Hi Aanon,
They’re trying, certainly. The may succeed. But they cannot defeat us unless we let them take our souls. They have none, of course. And that is why the crave ours so very much.