During the early months of what was marketed as the “pandemic,” I noticed that people weren’t dying. At least not obviously – as you’d have expected based upon the hysteria. The cases! The cases! . . . in case anyone doesn’t remember. I regularly drove my non-essential self past the local regional hospital to see whether the bodies were stacking up; whether there were refrigerated morgue trucks idling outside.
There weren’t. It was – for me – a clue that the “pandemic” was, at the very least, being exaggerated as far as its lethality.
I am seeing something else that could be a clue – about what’s going on in the housing market. Houses in my area are selling but not being lived in. At least that’s how it looks. The For Sale sign goes up, the people who lived in the house move out. The For Sale sign comes down – but new people (so it appears) do not move into the house. There are no signs of life. No moving trucks unloading. No new people cars coming and going. No kids in the yard.
Nothing in the yard.
These homes – and I have kept my eye on three of them, all of them close to my place – just sit, apparently unlived-in.
But sold.
It raises the obvious question: To whom? And, why?
It strikes me as odd that there are so many people – if they are people – who can apparently afford to buy a house and then not live in it. There are heavy carrying costs associated with the purchase of a home, assuming it is not purchased outright – with cash, at the time of sale. If not, then there are monthly payments to make to a lender and these aren’t trivial. How many people can afford to carry a (let’s lowball it) $1,500 per month mortgage plus the property taxes, insurance and upkeep costs in addition to whatever they’re paying to remain in another house – the one they’re still living in?
Probably not many.
And what would be the point, anyhow? Houses are, after all, for living in. What sense is there in buying a house you don’t live in? Especially if you’re not earning rental income from others who live in it?
These houses I mention aren’t being lived in by anyone as far as I can tell. I drive by them practically every day and at different times of the day, so I am able to gauge whether anyone’s there. There isn’t. One of these houses is just up the road from my place. It has been unoccupied – but sold – for going on two years now.
One house, ok. Two, maybe. But three – all within five miles of me – is suggestive. I have never before in my life seen this many sold-but-unoccupied homes. The feeling caused by the sight – by the implications – is one of unease. Something is clearly up. What it is remains opaque.
There are, of course, theories.
One is that huge investment conglomerates – e.g., Blackrock and Vanguard – are buying up single family homes as investments. Buy them, hold them – while the price of homes escalates – and then re-sell them. They certainly have the means to buy single family homes (in cash) and so not have heavy carrying costs. But the potential profit seems not worth the effort for such massive conglomerates. A house they buy – hypothetically – for say $300k in 2023 appreciate by $20k over 2024. They sell it – and make the difference, after all the usual expenses. This would be a nice little payday for an individual. But for Blackrock or Vanguard? Even when multiplied by however many houses they’re buying up and holding/then selling?
Another theory is more sinister and hence more apt to be true – keeping in mind the times we live in as well as the nature of Blackrock and Vanguard, et al. It is that these homes are being bought up to serve, when the time is right, as “affordable housing” – “affirmatively furthered” – for the millions of “immigrants” (as foreign nationals who’ve illegally entered the country and been given all the perks of citizenship but few, if any of the obligations) are styled.
They are to be seeded throughout American communities, especially suburban and rural ones, where the politics are still largely red rather than blue in order to turn them purple and inevitably, blue. The “immigrants” will become the new clients – not just of the federal regime but also of the local ones, which will inevitably begin to cater to their new dependents, flush with federal funds. They will politically displace the people who already live in the community who bought their homes.
There will be a “need” for new schools – for the new people – as well as a horn o’ plenty of government services, including the police who’ll be needed to deal with the “diversity” that’s coming.
It may sound surreal. But it also sounds plausible. There really is such a thing as “affirmatively furthering fair housing” – and you might want to look into what it’s all about. The Left has figured out that concentrating its dependent class in urban hives concentrates its political strength in urban hives and also – more important – makes obvious the divide between Left and not-Left. If the Left can diffuse its dependent clientele throughout the remaining bastions of not-Left America, it will have succeeded in permanently altering and controlling what used to be America.
Obama said it. His front-man Biden is furthering it, most affirmatively. They’ll likely seal it, if they succeed in stealing or even winning the next election. Either amounting to the same thing.
I hope I’m wrong about all these empty sold houses. But my spider sense tells me I’m not.
. . .
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[…] Guest Post by Eric Peters […]
Land ownership…. UNDRIP….
according to this….UNDRIP became international law in 2007 when the majority of the General Assembly of the United Nations voted in its favour. …..it looks like they gave fee simple title of the land to the indigenous in 2007?…….(not allodial title…so it is a trick?)….
It’s unbelievable, but we have lost our land rights via article 26 of UNDRIP. Worse yet, we are effectively now under the UN Charter as per article 46. No MP, or politician, has warned you.
the narrative is they say they are giving all the land back to the indigenous, with the UN managing the land….a UN run government…
you are booted out….no more property…off to the 15 minute zone…you didn’t own it anyways….you never had allodial title……. the crown or government did……..if the indigenous have it now they can boot you out…..
In addition the indigenous must be compensated for the use of their land for the last 200 to 300 years….
The UN pushes this on the international level as well as on the national/federal. provincial/state, city and town levels….so it is difficult to defend against….
Financial incentives for governments ……to sign up…$5 million…100% adoption….up to $100 million….
NOTE: Obama said they were considering doing it…
it looks like undrip is a trick to take control, ownership of all land. there is no definition of indigenous in undrip, it is a trick, fraud.
the 1st nations don’t like it either, they smell a fraud, trap, deception.
ATTENTION….This is the conclusion of a group of experts from several Indigenous Activists Networks,……including lawyers with constitutional and international experience, who analyzed it
undrip
https://rumble.com/v289l2k-land-use-bylaw-to-steal-your-land-undrip.html?fbclid=IwAR1I5asclykU_v0J-iYa-eV5oBL_pf67CnOm_-efdLPBdPZmqFQ_SF1p01c
Another possibility, a developer is buying up property to build warehouses. It’s happening quite a bit here in the midwest (especially Illinois). Buy from willing sellers at first, and when they have the majority, let the ones they own go vacant, and then get eminent domain to get the hold outs. Even subdivisions that are pretty nice or not even twenty years old have been bought out and bulldozed for warehouses. There are lots of “abandoned” explorer videos of vacant houses waiting to be razed.
Here is an example of a former neighborhood now an Amazon warehouse, 2201 W 159th St, Markham, IL 60428. Take a look at the old street views and see how it changes.
Most countries have their property tax records integrated with a GIS (graphical information system) so anyone can look up who owns what, what they paid for the property and what they are paying in property taxes. For Roanoke County go to https:/taxview.roanokecountyva.gov/taxview/ and look the addresses to those empty houses. See what you find out…
Two weeks ago the WSJ published an article about ‘halfbacks’ — denizens of the Northeast and Midwest who retire in Florida, realize it’s a little crowded, then make their way ‘halfback’ to Appalachia:
‘From April 2020 to July 2022, the population in counties in southern Appalachia designated retirement or recreational areas grew by 3.8%—more than six times the national average, according to Hamilton Lombard, a demographer at the University of Virginia.
‘The boomer migration to North Georgia, East Tennessee, the Carolinas and western Virginia is reshaping housing prices, traffic patterns, restaurant options and how local governments cope with something they haven’t had to handle before: explosive growth.
‘Asked what other demands have been made on local government by retired newcomers, county manager Joey Leverette sighed. “Pickleball courts.”‘
https://archive.ph/SXURT#selection-2537.0-2537.254
Housing?….Roads?….
The Mexico City residents dragged Mayor Jorge Luis Escandon Hernandez behind a truck through the streets as he did not fulfil his poll promise to repair roads.
https://www.youtube.com/watch?v=bBKu5hjIDvE
Empty houses?….money laundering….a place to hide cash, like a bank account….
Martin Armstrong has a post up on the Biden Thing’s demented solutions for the housing crises. The U.S. government under the Biden regime, along with other Western governments, are ALL IN with the WEF’s sinister agendas…….
https://www.armstrongeconomics.com/markets-by-sector/real_estate/why-bidens-housing-crisis-solutions-will-fail/
Man, that link is a depressing thought to end the night.
Kalergi plan being implemented by Jews:
https://rense.com//1.mpicons/slider20200710/kala.jpg
Hola Eric! Que paso?
Time to bone up on your Spanish or think about migrating before the migrants arrive.
The land of Lee is about to be a trophy for the left.
Hi J,
If I were younger, I’d seriously consider expat’ing. It’s an adventure when you’re in your 20s and by the time you are in your 40s, you have built a new life and are at home in the new place. But if you’ve already built a life, it is much harder to leave it – and start over. Besides which, why should I have to leave? I’d rather stay – and fight, should it come to that. I worked hard to build my life and I’ll be damned if I just walk away from it and what’s to prevent being faced with the same Leftism wherever you run to?
No. It’s time to resist these blue-haired freaks. Maybe I’ll lose. But they’re not going to get me to just walk away.
indeed Eric, anyplace you go will have a government, which can turn to shit in a heart beat.
> government, which can turn to shit in a heart beat.
Good, though. 🙂
https://www.youtube.com/watch?v=Q1ajLnuw2oo
Everywhere on the planet has the same gang running it….so pick the one with the lowest cost of living and best climate…..that is friendly to ice cars…classic cars…
‘The Courage To Open Fire’
…”And there was, even, a shot fired in Camp of the Saints. As Pinkoski retells it: […]
A retired professor in his seaside cottage looks on. He is accosted by a young white miscreant who mouths a version of Sartre’s declaration. The other villagers have fled, but the professor, a representative of high culture who is determined to defend his home and his way of life, stands his ground. The youth vows to lead a band of migrants to pillage the professor’s home. The professor collects his rifle, never before used in anger, and shoots him.”…
https://wmbriggs.substack.com/p/the-courage-to-open-fire
House prices in ZOGUSA, ZOGCanada, ZOGUK, ZOGGermany, ZOGAustralia, etc. have been going up an exponential curve as Jew owned and operated central banks inflate and transfer wealth from the poor to the 1%. You can read the headlines over at ZH.
So as every ZOG currency is made worthless by “printing” (actually deficit spending and central bank reserve increases) those in the know scramble to get the hell out of cash and into real assets like gold, silver, homes, antique cars, raw land, stocks, paintings, guns, collectibles, cryptos, etc.
ZH posted a chart yesterday of Fed balance sheet and the wealth of the 1%. Direct correlation. Going up exp. Charles Hugh Smith has been writing about this for decades. 911 was a Jew coup as the one brave preacher said, since then, Jews have gone on a rampage ass raping Goyim nations. Either you get bombed or your treasury gets raided.
read my brilliant comments over at TUR
https://www.unz.com/comments/all/?commenterfilter=Yukon+Jack
(you can post a counter argument if you like with a fake name and email)
Now they are flooding every white nation with tens of millions of mudbrids, so that in 1-2 generations white people are wiped out. It is called the Kalergi plan, and whites are generally to timid to even admit it or even talk about their own genocide. 100% of Jewish organizations are fully in support of current immigration policies.
Basically a home to live in has become a speculative financial asset as Jews destroy the value of money when they put the screws to the Goyim. It is utter madness and must stop. All Jews MUST be removed from state, banking, pharma, etc. With Jews you lose, as the yard sign says. First you lose your job, then your bank account real value, then your ICE car, then your home, and then your life with the Jew clot shot.
Every court case against Trump is by Jews. Here is your fine Goy, 350 million. Alex Jones was fined a billion. For speech.
They are in your face killing us just as the Rabbi orders them, and get this, Jews hide behind religious freedom to run their ops, every synagogue is a Jew terror hive. Literally. Better wake up while you still can. The ADL and SPLC are terrorist organizations. Wolf Blitzer is Israeli intelligence agent. All Jews work for Israel and secretly want you dead.
If you want a vision of the future, imagine an IDF boot stamping on the white face forever. (not an exaggeration)
BTW – one honest Jew Peter Schiff is outing the Fed and it’s inflationary policies, and says interest rates are going up.
I agree, INTEREST RATES AND INFLATION ARE GOING TO THE MOON. How that affect housing is your guess.
Hi Jack,
“House prices in ZOGUSA, ZOGCanada, ZOGUK, ZOGGermany, ZOGAustralia, etc. ”
ZOGRussia, too.
Off Topic: Oregon orders farmers and gardeners to cease all activity.
The left is diabolically insane.
https://youtu.be/RtV45dTpfUk?feature=shared
Watch your carbon footprint Goy! Breathing is bad for the air!
Oregon Governator Tiny Kotex is insane Leftist just like Kate Brown. A common bumper sticker was “flush Brown down”. Now we are stuck with a bloody Kotex cunt wipe.
How much would it cost to buy the Lügenpresse outright? The answer may surprise you:
‘Pop quiz!
‘Which media company is more valuable? One that generated $800 million in revenue last year and lost $90 million?
‘Or one that brought in $2.4 billion and made a $232 million profit?
‘Pencils down: For now, the winner is the money loser. That would be Reddit, the message board that went public last week and has a market cap of $8.15 billion.
‘Meanwhile, the media company that actually makes money is The New York Times. As I’m typing this, it’s worth $7.2 billion.’
https://www.msn.com/en-us/money/markets/ar-BB1kvCHp
Apparently, crime — compulsive lying and presstitution — does not pay. 🙁
Blog/Real Estate
Posted Feb 10, 2022 by Martin Armstrong
Larry Fink, BlackRock CEO, sent his 2022 letter to CEOs of companies he has invested in on January 17th, 2022 which reflected Klaus Schwab’s Agenda 2030. He states: “I write these letters as a fiduciary for our clients who entrust us to manage their assets – to highlight the themes that I believe are vital to driving durable long-term returns and to helping them reach their goals.”
However, Fink’s 2022 letter was pushing Environmental, Social and Governance (ESG) investment criteria and “stakeholder capitalism” relentlessly. He actually wrote:
Of course, Stakeholder Capitalism is Schwab’s agenda. As far as Fink was concerned, ESG, “sustainability,” and the agenda for what we have termed “woke capital” would dominate the markets for years, while he wrongly thinks that he will retain the funds clients have given him and he will thus implement Schwab Agenda and end democracy along the way. Has all the money Fink has gathered from others to manage gone to his head? Has he forgotten that freedom is the very reason he was allowed to become a fund manager?
Meanwhile, Fink’s 20%+ return peaked in 2006 and fell below 5% by 2010 showing that his claim to risk management did not meet his returns. Investing with these vast buy and holds do well in bull markets and fall in bear markets. They are too big to actually manage money following the business cycle. Anyone could make money on a buy-and-hold during bull markets. The true test of a real fund manager is how does he handle the corrections.
The entire takeover boom of the 1980s took place because you could buy a company, sell its assets, and double or triple your money. As long as companies were concerned only about Stakeholder Economics, investment in US shares was tainted. This is what Schwab wants to restore – corporate socialism. For Fink to send such a letter telling the companies he is investing in on behalf of his investors should IGNORE the shareholders and return to stakeholder economics is mind-blowing.
NOTE: Fink appears to have been mesmerized by Schwab for he has been using client’s funds to buy up houses paying cash and typically 20% over the asking price.
Realtors like steering property to BlackRock for it is cash, and they are not even that picky. In the first quarter of 2021, 15% of U.S. homes sold were purchased by corporate investors — not families looking to achieve their American dream.
Fink has been competing with middle-class Americans for the homes, the average American has virtually no chance of winning a home over his investment firm, which strangely is in line with Schwab’s 2030 Agenda – you will own nothing and be happy.
Companies to take off like BlackRock will typically crash and burn cyclically at 34 years or 41-43 year intervals. BlackRock has peaked in its 34-year cycle and this is a serious concern. If all the investors demanded their money back, they would find that the investment strategy of BlackRock is not much different from a bank. A crisis in liquidity could easily arise forcing it to dump shares which could lead to 2023 low and it would also impact the real estate market. Even the rumor here in Florida is that BlackRock has bought more than 20,000 homes.
I strongly advise that you pay attention to BlackRock on Socrates for its near $10 trillion portfolio poses an equal and serious risk to the world economy during a liquidity crisis. It is way too big to manage on a liquid basis. A crisis in BlackRock would be equal to a sovereign debt crisis. A liquidity crisis in BlackRock will give a new meaning to Too Big to Fail.
Here ya go, Eric:
‘The Newcomer Rental Subsidy program provides Refugees and other Newcomer population-eligible households with rental assistance up to $500 per month for up to 12 months, with eligibility based on immigration status and household income.’
https://www.michigan.gov/ogm/services/newcomer-rental-subsidy
Got an extra room? Apply today!
To tell you the troof, I had to look up where Dari language (Afghanistan) and Kinyarwanda language (Rwanda) come from. (See application form.) Who knew we had so many ‘newcomers’ from such far-flung places? Why is there no application in Klingon?
Thank you, Mister ‘Mayorkas’! /sarc
I noticed the rental subsidy apparently goes to the illegal immigrant and not the actual landlord. Talk about redistribution! We thought it was taking from the rich and giving to the poor. Apparently, the American government hates taxpayers.
[ Apparently, the American government hates taxpayers.]
It hates Americans…. period!
Bringing in millions that will never pay taxes doesn’t bother them in the least so taxes isn’t their reasoning. They need them to vote in the commie/fascists,,, at least for now.
You, dear girl, and the rest of us hated citizens will pay for it all.
My Finance class professor in college when going through tax usedto say that the government hates married people!
During the beginning and height of The Madness in 2020 and 2021 we were actively trying to flee the masked blue state we were in for Wyoming or Idaho. I made several trips out there to meet with Realtors and buy a decent property with a lot of land in the reddest area we could find with no face diapers.
I made several offers on the already inflated asking prices out there and was thwarted ON EVERY DEAL. I was constantly outbid by mystery buyers for 20-50k over asking with no contingencies(ie no inspection). The Realtors we worked with said they’d never seen anything like it. They were bought sight-unseen often within a few days of listing. And we’re talking about literal middle-of-nowhere stuff like Lander or Casper Wy…..
It was absolutely big corporate pools just hoovering up the stuff to either rent or let it rot.
Or Californians. Lots of the homes out here sold for 2-3 times what they did just a few years earlier. I gotta believe that the big corporate groups would rather hoover up a whole development than piecemeal but who knows?
Did you end up moving?
Nope…. Right as we were getting ready to overpay in WY the “man-dates” hit which destroyed my spouse’s 20+ year career in medicine and threatened my own. Even in backwoods rural places the hospital systems are almost all corporate owned. We were close to having no income at all for a bit. My employer kept screaming for me to “declare my vax status” which I refused to do…. Eventually the vax deaths and disabilities hit and our actuaries were all forced to sign NDA’s…. And now they don’t even mention the covid poisons at all and scrubbed the websites. I have screenshots however….
But we will eventually move out West god willing….
Realtors like steering property to BlackRock for it is cash, and they are not even that picky. In the first quarter of 2021, 15% of U.S. homes sold were purchased by corporate investors — not families looking to achieve their American dream.
China
It’s a tough call. Who should decide who is “allowed” to buy property. The only thing I know for sure is that the government shouldn’t own an acre.
https://www.dailymail.co.uk/news/article-13232279/Wife-billionaire-kathy-cargill-cheerios-properties.html
Lots of butt hurt in this article, but why shouldn’t the chick be able to buy what she wants?
Do you know who isn’t complaining? The sellers of the homes she bought. I much rather see this than have Uncle Sam and Company coming and claiming eminent domain.
Since she owns the homes she can do anything she wants with them and that includes bulldozing.
Property rights are a pretty important component to our civilization.
For the record, I’m always a seller at a 40 or 50 percent premium! Sorry neighbors, I’m out!
[Do you know who isn’t complaining? The sellers of the homes she bought.]
Yep,, at an average 30 to 40 percent above asking price. One thing holds true. Americans can be easily bought. Just check our clowngress. Just check all the American corporations making millions bringing in and dispersing these illegals.
Buying up farm lands and putting up useless solar and Wind turbines on it. We will soon be power and food impoverished and everyone will look at each other and wonder how it happened. Too funny!
No, Ken, we know how it is happening. There is very little sense of community left in this country. Very little in shared values and no sense of security and safety that an intrinsic society would bring.
Money is that powerful.
How big is, “very little”?
50 million People?
In the U.S.?
300 million, worldwide?
…I don’t know.
You decide who you sell your property to.
(Within limits—you are not allowed to discriminate based on e.g. race).
You can choose not to sell to an “investor.”
I have followed Martin Armstrong for ten years. The crash in the monetary system was to happen in Europe. Germany is happening now and the rest of the EU, save for an eastern European country or two. Then Japan, because of their unsustainably low interest rates is beginning. Then the US is last ironically. But the dollar I believe goes up as the others fail, but that kills our exports. What will follow is a basket or currencies or the Chinese Yuan as the new reserve currency.
About the only thing the US exports is dollars and bombs.
There are solutions.
When the cat is away…
Speaking of real estate, empty or otherwise:
Today a New York appellate court partially granted a stay of Trump’s civil fraud judgment, if the former president posts $175 million within ten days.
This is after Trump’s motion informed the court that he contacted over thirty (30) bonding companies, none of whom underwrite bonds over $100 million, or accept real estate as collateral.
Conclusion: this is just another wholly arbitrary diktat from the corrupt, Third World courts of the Peoples State of New York, deriving from an outrageous, selectively-prosecuted civil fraud judgment in a victimless case in which no money was lost.
No wonder crime-ridden, shithole New York is losing population faster than any state other than Commiefornia.
Sorry Charlie,,, It’s Whitey doing themselves in. Every riot,,, protest has many Whites and many times the majority are Whites. It’s mostly Whitey in clowngress,,, the executive,,, goes for State governments as well.
At 75 I could care less and actually find it hillaryious that after being scammed with the non existent covid 19,,, poisoned by the Safe and Effective murderous injections,,, wearing the useless masks that by now we would not believe a word government says. But alas,,, no. You see,,, Whitey has the Stockholm syndrome. Whitey is responsible for every wrong ever done and willingly accepts the punishment others say he must.
20 years in government schools re-enforces the concept of White supremacy and the result is millions of Greta’s. The rest, like a turtle, peek out of their safe places every now and then to see if somebody has saved them.
Well Whitey,,, you are being scammed again and it’s as obvious as the covid 19 scam but this time your entire race is at risk. Some may put up a fight but the majority will gladly go quietly into the night thinking it’s all their fault. Even their children aren’t reason enough for them to resist. Government schools are loaded with young empty minds being indoctrinated with the gender bender and White Supremacy scams.
In NYC a group of innocent ‘immigrants took over a house. The used to be owner was arrested for attempted unlawful eviction. She had the DEED to the house in her hand. What is so funny is the expression on her face when SHE was arrested on HER property. lol Another Whitey that ignored all the signs was “Surprised”. She actually thought she lived in a lawful nation. That ended decades ago.
Hi Ken,
I will resist – and already have. I’ve been resisting all my life and I’ll be damned if I change course now. If it gets physical, so be it. I do not desire that; far from it. I truly – badly – just want to be let alone and very much desire to extend the same courtesy to all other people. I like life. I want to enjoy it. I want others to be able to enjoy it, too. And that is why I resist. The anger I feel toward these SOBs is almost beyond my ability to articulate. I am not especially religious, per se – but the term “Satanic” is apt.
Yep. Agree 100%.
But narcissistic control freaks who are ideological totalitarians and presume to have total moral authority are never, ever just going to “leave people alone.” Under classical liberalism, the job of the government was to print the money, defend the borders, and otherwise leave us the hell alone.
But that was over by 1865…
Dr. Zhivago Returns Home…
https://www.youtube.com/watch?v=D5ikX1e7TrQ
What isn’t so funny is how easy it is to get Americans to give up their rights and protections for a mere $500 a month per refugee. At least in Dr Zhivago the squatters were Russian, not some lazy dipshit from a foreign nation. The squatters were also assigned to his house by government.
The movie was out in 1965 and showed Americans the difference between a tyrannical government and the land of the free. 60 years later we are almost there….
https://www.zerohedge.com/political/michigan-offering-citizens-500-month-house-illegal-immigrants
“Every riot,,, protest has many Whites and many times the majority are Whites”…..
It is mostly Palestinians now…a new untouchable group…..
Whites demonstrating….no….squished in one second….see truckers……but….the farmers in Europe have had great success…..
Hi Eric,
“I hope I’m wrong about all these empty sold houses. But my spider sense tells me I’m not.”
No you are not wrong. Big institutional investors like Blackrock are doing this. There was an article on Miles Mathis web site back in 2021 about this:
“7/22/21, Is Blackrock Ruining the Housing Market? Of course they are, and it ain’t no accident.” http://www.mileswmathis.com/updates.html
http://mileswmathis.com/housing.pdf
Why are they doing this? Obviously, to prop up the housing market, IMHO. But they are in this not for the money, and can afford to lose if needed for the bigger cause. Just like the car companies that are gutting their businesses by going electric. They are working for Uncle Sam doing “God’s work”.
Hello, Yuri. I think another reason for these big corporations buying up these homes, is that it also jacks up the prices of other homes in the area (or city, etc.). That, in turn, makes it unaffordable for the ordinary Joe or Jane American to purchase one. Or, jack up the property taxes of those in homes in the area, to the point that they have to move out, because they cannot afford to live there anymore. These globalists and corporations they use hate those who own homes and property, and this is one way to force people out of them, and keep those who want a home from getting one. One day, they will simply force at gun point, people out of their homes the way they have done in Germany, so as to make room for all the illegals pouring across, and they are not going to give a damned if you own the place outright. The ‘you will own nothing’ is fast coming to fruition. Did you see where Camel Toes came out recently, and the first thing out of that witches mouth was wanting nation-wide Red Flag laws? Other than sleeping around, that is all she has on her mind. And of course. When they force us out of our homes, they do not want us armed.
Hi Shadow,
Thats why there is nothing opposing globalists more than decentralization. I for one support capped amount of land individuals can own. Corporations or foreigners shouldn’t be allowed to own any. I understand rich people wanting to enjoy their money , sure buy a yacht buy half of Microsoft, buy 10 tonnes of gold but buying huge swaths of land is ruining other peoples life.
Also one more horrible thing is zoning and building permits. In my opinion these 2 things shouldn’t exist .
This would kill housing cartel. Ownership would be decentralized and there would be a lot of incentives to build higher.
I would have to Google it, but you can sure as hell bet many in Montana would have loved such a rule limiting such vast swaths of land being owned by one person. God only knows how much land Max Baucus and Ted Turner own between the two of them there. And neither one are liked at all among real Montanans. And not the stupid, Californians that have migrated there in the last 30 years. Then there is Bill Gates, who owns some 275,000 acres of land across 18 states. Up here in Alaska, it is the old Federal Government that owns most of the land (365 million acres or 586,412 square miles)….
Hi Pupet,
I’d go further and say corporations shouldn’t exist, period. They are a tool of enslavement of mankind, nothing else. Especially now that they have all the rights, just as people do, such as right of free speech etc.
As for owning land – nobody should own any land, more than needed for their housing. This goes not only for land but resources in general. Otherwise, somebody will grab it all for themselves and enslave everybody else, just like we have now, anywhere on this planet. This is what the American Indians called the Wetiko disease, that the White Man was sick in the head with. For them, the idea that somebody would own all the land was simply unfathomable. They were completely right IMHO, and this Wetiko is now coming back to bite the White Man in the ass, too, now that it has conquered the whole world and there’re no more places to rob and pillage.
Hi Yuri,
quote: I’d go further and say corporations shouldn’t exist, period
I agree Limited liability at its core is bad. Its easy to find a puppet CEO and have him take the blame for everything you as an investor actually asked. Also corporations have more rights than people. They can deduct debt and manufacture costs from gain while average wagie can have a mortgage and need food or rent in order to work yet none of that is deductible.
quote: This is what the American Indians called the Wetiko disease, that the White Man was sick in the head with.
What was interesting is that most natives lived actually better than Europeans who conquered them. The tribe that chased buffalo basically worked few hours a day did nothing the rest of the time. At that time they were taller and had better diet than Europeans since they ate plenty of meat. They lived lifestyle we all evolved to live basically.
and then You had people fight them and kill buffalo in order for mr Goldenfold to build a factory where they can work 12 hours and inhale posionus fumes for food and rent.
You also have many cases of captured Europeans not wanting to leave or just joining the Indian’s. You dont have many cases of opposite unless its at gunpoint. I doubt many natives
volunteered to work at a factory.
But still if not for European’s other Indian’s that farmed would get to them. The mistake of farming is the root of all modern problems. Farming hierarchy and people it favors (psychopaths cowards conformists) will haunt us for a long long time.
Sorry, I forgot to add to your post, Yuri. I think the European white man utterly destroyed not only the Natives, but their land with their stupid farming practices. I am first generation American, and if I had my way, I would have joined the Indians, and learned their way of life: How they lived, grew food, build their tents, etc. It is a damned shame what happened to them, and no amount of sorrys will ever make it right.
Hi Shadow,
Thanks for your reply, and I completely agree, but I also think that it’s not just the stupid farming practices of White people, but it’s the commerce and money that is the root of all evil on this planet. God created us to enjoy life and be free. This planet is tremendously rich and could feed everybody. It’s simply that somebody took all the resources and made us work for them, and most people have next to nothing. This is totally wrong.
“European white man utterly destroyed not only the Natives, but their land”
A distinction has to be made here….
When the slave owner control group migrated to Europe from Egypt after 50 AD….
they genocided the white tribes living there…. made them slaves and took over….
The whites have been slaves for 2000 years…longer then anyone…where is their reparations?…
The white tribes were living happily in mud and straw huts….just like the tribes in N. America and Africa…without any evil government…. then the slave owning control group invaded and took over….
Then the slave owner control group invaded the Americas……they brought white slaves with them to do the dirty work…they genocided the Native tribes living there…. made them slaves and took over….
Blame the slave owner control group nobility, with their royal bloodlines going back to Pharaoh….not the white slaves that they brought to help….but…the white slaves should have refused…..
King Charles the 3rd….part of the nobility slave owner gang…said the indigenous own all the land in N. America and everywhere else…but…didn’t put it in writing….
See UNDRIP….
Hi Pupet,
Yep, my thoughts exactly. I agree that the Indians lived better than Europeans and where very healthy before the the White Man took everything from them. The Pima Indians are a good example. They used to be healthy and lean on a meat diet, but after they were herded in reservations and put on a diet of sugar and white flour, they became diabetic. Now the pharma makes a killing selling them drugs. This is exactly what Wetiko is. People are sick in the heads and cannot live in harmony with nature, as God made them to. It’s sickening.
That is one thing I do not understand. And that is how in the hell the U.S. allows China to come in and buy up land in the U.S. As much as I detest Bill Gates, or even Ted Turner, I would rather they buy land, because at least they are American citizens. Well, Gates is a globalist. But to set the precedent that foreigners can come in and buy land-and near military bases, no less, is not wise. Then again, our dear “leaders (Dems and R’s) never were too terribly bright.
Throwing this out here:
Why would blackrock do this? Well, what do they own? Banks.
Keeping the price of houses high means more loans from the bank = higher long term interest income + higher stock prices.
This would be called market manipulation in other contexts.
There has been speculation that the reason is to push people into rentals instead of buying, but rent would be higher than a mortgage, so that never made much sense to me.
Could they be positioning to be the biggest section 8 landlord in the USA? Not sure they are in the business be landlords in that context either. Too much overhead. They are an asset management company.
Hi Dan,
“Why would blackrock do this?”
I think this paper (http://mileswmathis.com/housing.pdf) has it right. See on p.6:
“But here’s the solid ground you can stand on: BlackRock does control the U.S. housing market, and they are ruining it, intentionally, for their own profit. This is the 800-pound gorilla that’s missing from The Atlantic and the WSJ and every other mainstream source: it’s all by design. The world didn’t stumble blindly into this messed up housing market, just like it didn’t stumble blindly into the Covid scam and the trillions-deep bailouts, just like it didn’t stumble blindly into the 2008 real estate crash and that trillions-deep bailout. It has all been systemically planned out by the same people who’ve always been doing it, who know they are amassing ungodly amounts of wealth by stealing it directly from you.”
Hi Dan,
In re the renting vs. buying thing: Renting is more “affordable” in the sense that it is not necessary to come up with 10 percent of the $400k average cost of buying a home. Most people who work can “afford” a $2,000 per month rental, if they pay over practically everything they earn in rent plus basic expenses. But how many people can afford to save up $40,000 (or more) to put a down payment on a new house? It’s effectively impossible… especially if you are paying $2k per month in rent.
That’s why FHA loans came into existence, Eric.
Standard FHA 203B is 3% DP.
Price you pay is 0.5% MMI (Mutual Mortgage Insurance, FedGov administered), versus 0.25% PMI (Private Mortgage Insurance) for 10% down. Using your example, DP for FHA loan would be $12,000.
Of course, you would be financing 97% of purchase price versus 90% with 10% down. Let’s suppose you can get a 30 year level payment loan @ 7%. Using an online mortgage calculator (or perhaps you prefer your HP12), gives a monthly payment factor per thousand of $6.65, with a total interest cost per thousand of $1395 over the life of the loan.
Thus, the payment on the additional $28,000 principle would be (28)*($6.65) = $186.20. but now you must calculate the difference in the cost of mortgage insurance, which applies to the entire amount financed.
So,
MMI: (0.005/12)*(0.97)*($400,000) = $161.61
PMI: (0.0025/12)*(0.90)*($400,000) = $75.00
——————————————————
Additional monthly cost of MMI vs. PMI = $86.61
So, your monthly payment on the 97% FHA loan would be:
$186.20 + $86.61 = $272.81 (@ 7% interest)
which is significant, and might blow you out of the water for qualification on the home of your dreams. (Back in the day, all the interest was tax deductible, but you still have to qualify, based on income, to make the monthly payments until tax time (April, i.e. right now) rolls around)..
However….money is a commodity, and all commodities have a market price, which changes daily if it is publicly traded. If you wish to purchase @ below market price, you will have to pay money “up front” for the privilege.
In the mortgage world, the “up front” money is known as “points,” one point being one percent change in annual interest rate.
Monthly payment factors per $1000:
@ 7% = 6.65
@ 5% = 5.37
@ 4% = 4.77
So, if you can get the seller to buy down the loan rate from 7% to 4% (pay 3 points), our monthly payment on $388,000 would be:
(4.77)*(388) = $1850.16 (loan @4%)
versus:
(6.65)*(388) = $2580.20 (loan @ 7%)
——————————————–
payment reduction = $730.04
Back in the day, it was common to see real estate listings which specified “Seller will pay up to X FHA points.” Buyer can also pay points.
By comparison, a 90% conventional loan @ market rate of 7% would require a payment of:
(6.65)*(360) = $2394.
Ignoring, for the moment, the 0.25% difference in mortgage insurance cost between MMI and PMI, the 97% FHA loan payment @4% would be
$2394 – $1850 = $544
without considering the tax consequences.
VA loans (military veterans) can be 0% DP, with all points (rate buydowns) paid by the seller.
I purchased my home in 1981 with a 90% conventional mortgage, financed at market rate, which was then 16%, plus 0.25% PMI. I was able to negotiate a price concession from the seller, who had offered to pay FHA/VA points. His net was the same, and a lower sales price means I saved a few bucks on property taxes.
——————————————
Feel free to check my arithmetic.
There are other “low down” and “no money down” real estate loans, as well as “creative financing”, which usually means the seller carries back for what the buyer can’t get primary financing for. It’s often at quite a high interest rate, but often that’s less than what either, to get 100% primary loan financing (IF it can be had, given the market and buyer’s credit and means to repay), or, get a second with PMI. VA/FHA ain’t “free”, either, in that they also come with mortgage insurance. What’s often counted upon is that within several years, the property will appreciate enough, along with hopefully the buyer building up his/her credit rating, enough to refinance with sufficient equity to do away with mortgage insurance. It’s still a “dice roll”.
>VA/FHA ain’t “free”, either, in that they also come with mortgage insurance.
Did you read my post? I stated that explicitly, and calculated the cost, 0.25% PMI versus 0.5% MMI.
>refinance with sufficient equity to do away with mortgage insurance
I did exactly that, in due course.
But, even at 16% + 0.25% PMI, buying the house was a no brainer, because, like most people, I was getting killed by Federal income tax, due to the Carter inflation of late 1970s, coupled with failure of IRS to adjust marginal tax brackets.
NF for a working stiff to pay $0.70 of that “last dollar” earned to Uncle Shithead. The Way Out was to buy property and take the nice, juicy mortgage interest deduction. In the early years of a level payment loan, almost the entire monthly payment is interest.
In expensive areas a house can be $1 million …with 10% down the mortgage can still be around $6000/month….to qualify you have to make nearly $300,000/year….most slaves don’t qualify….
then you have the cost of property tax and maintenance on the house….and the cost to renovate it every 20 to 30 years…..
If houses are going up 10% a year, then it might be worth it as an investment to flip…..but today…since prices topped out in 2021…there is less incentive to speculate…..and huge, huge downside risk…
Renting that house for $4000/month looks more appealing….
Our rural county in Central WA has seen the import of “south of the border” grow over the 12 years I’ve been here. State gov built two stand alone buildings within about a block of each other both related to social services. “Huh, why?” Well, build it and they will come, yep! Vanloads dropped off in the parking lot of the Red Lion, white vans no markings.
I’m about 8 miles out of town in a countryside development so far no housing shenanigans in here. Around me? Camping trailers parked inside hay sheds with multiple cars. An old house two miles down road with 6 to 8 cars in the drive. Miscreants all over town, homeless, etc. They’re well into the plan of destroying what was a decent comfortable life here in the rural areas.
The well off but not filthy rich have their new master planned developments up county in the foothills. Gated communities with tony homes many a mil plus. Rumor is our “man of the people” governor Jaydolf Dimslee owns one in the new Tumble Creek area.
Here’s an example of “roughing it” Central WA style, from 1.4 mil:
https://domeriepark.com/
So the “battle lines are clearly drawn” with what’s left of the middle class out exposed in no man’s land.
“Single-level mountain homes from $1.4 – $1.8M”
That’s a bit over my price range. I wonder who’ll be moving in? Who are these people who can afford such nice stuff? I was looking at the Cle Elum area and almost all the houses for sale are 1 million plus. Itz a nice area with highway 90 near by. I’ll have to get that $250,000 job so I can quality for the mortgage.
I was looking for something around $250,000 or so. I guess I’ll just have to look elsewhere. There are some inexpensive places in New Mexico, rural Oklahoma etc, some real fixer uppers.
In most areas home sale records and ownership are public records and can be accessed online. You should be able trace ownership that way. You can see sold-for prices and who holds the title.
I fear you are correct.
Watch for special meetings of the local zoning board. There might be petitions to change zoning from single-family to multi-family. They are obligated to hold public hearings on these petitions. Which means they can be severely hampered in their plans if the locals get vocal.
Unlike the federal level, in this level the people can have a say if they stand up.
Until I see some evidence to the contrary, I see this as investors being dumb. Since 2008, when the Federal Reserve started buying bad assets from banks and giving them free money, and allowed them to lie about the value of their assets, investors have been receiving humongous amounts of of free money, both directly through this arrangement with the Fed, and indirectly through huge inflationary price increases, particularly in housing.
Where I live in the Bay Area of CA, there are lots of people on the receiving end of this money printing via venture capital firms, or via their stock options and housing appreciating like crazy. They’re flush with cash and looking to grow it, and Real Estate Investment Trusts (REIT) are a very common thing around here, particularly among Asians whose cultures value holding property.
Given this clientele looking for housing, some “geniuses” even started AI-driven market speculation systems. These things squander money, buying high and selling low, but nobody seems to care, because REIT is how everyone knows to grow their wealth.
Now, it’s awfully fishy that the properties sit empty, because REITs try to make cash-flow positive investments, but maybe they’re expecting to flip properties in your neighborhood, Eric. I really would not be surprised to see a Wall St or Silicon Valley REIT buying up those rural properties.
In terms of free money I mentioned above, feel free to look it up:
– TARP, Troubled Asset Relief Program; The Fed buys underwater assets from banks at face value. It’s currently on pause, but the banks unloaded their bad investments onto the taxpayer.
– QE, Quantitative Easing. Deleveraging was making banks insolvent, so the answer was to print up a pile of money, give it to the banks, who then re-deposit it back at the Fed, and earn interest on it. It’s illegal to print money to hand to banks directly, but not illegal to give them additional reserves and pay interest on that. Disgusting.
– Removal of Mark-to-Market accouning: Before 2008, banks had to show the market value of their holdings on their accounts. After 2008, they could show value as what they paid for it. They no longer have to acknowledge losses for capitalization rules.
‘huge inflationary price increases, particularly in housing.’ — OppositeLock
From 1871 — when the US ended Ape Lincoln’s ‘greenback’ era and relinked the dollar to gold at its pre-war parity — until 1896, real estate generally lost about one percent per year, during a relentless secular deflation. Late 19th century popular wisdom held that property was a lousy investment, and that one would be completely nuts to leverage it with financing.
The underlying truth is that there is no inherent reason for property to change in real value, other than local factors such as population growth and development.
When the dollar delinked from gold again in 1971 (exactly one hundred years later; strange coincidence), endless inflation created the dysfunctional popular illusion that ‘houses always go up.’
In fact, they don’t. Our current housing bubble is even bigger than the last one, which got punctured in 2006 and nearly took the whole banking system down with it.
Serial bubble blowers in the Federal Reserve created this excess. When it falls apart, our job is to parade in the streets with torches and pitchforks … and petards, to hoist Fed governors aloft, with their scrawny, hairless limbs scrabbling in the air like an overturned beetle.
Out of curiosity, have you looked up the actual owner on the county’s property tax records?
Probably some made up name to serve as an entry for the “county ‘records.’
I don’t put anything past them.
Kind of like the way “individuals” sell their cars on craigslist and on Facebook Marketplace.
For cars, the first clue that you are not dealing with a real car owner is that his hame is Hakeem El Sabat or something like that. Second clue is that the ad reads “meachanically sound” “starts and runs great” and something like that with no details on what an individual would normally list.
The thing about the housing thing is that the ads are written primarily by realtors so all of them read the same. Same pictures, etc, whether the ownership is private or by some dummy.
Now it comes down to the idea that the entity owning the property can register himself as a private individual, probably with an American sounding name. Much like the way the Indian guy at tech support answers to the mame of John, Kenneth, Robert or whomever.
The layers of obfuscation and deception are thick.
It is hard to take anything at face value.
La nueva normalidad
Former policeman, Gary Waterman….
got curious about strange things happening with property taxes, city councils, etc….
What he found was….
a huge government fraud … ..a huge web of limited companies used for fraud….for example city councils using limited companies to mask fraud….to hide things….
such as…… fraud in the company registration process, fraud involving tax collection and tax uses, tax money disappearing into offshore accounts, fraud in the swift system, connections to Epstein, crooked politicians, etc…..
https://www.youtube.com/watch?v=iJkB02V4jGY
“If the Left can diffuse its dependent clientele throughout the remaining bastions of not-Left America, it will have succeeded in permanently altering and controlling what used to be America.”
Let’s be candid here, shall we? “Not-Left America” = White America. Not totally, of course — there are white leftists (and black conservatives) for sure. But the rural, Midwestern red states are white states. Ask yourself how MINNESOTA got a couple hundred thousand Somalis from Africa? It’s not as if the government is importing Swedish or German or French leftists from Europe.
Now they’re putting Africans in Maine — 93% white according to the Census:
“…tens of thousands of residents descended from Somalia and other African countries have made homes in Portland and Lewiston, two of the state’s biggest cities.”
https://apnews.com/article/immigration-workforce-shortage-maine-a268d82cecaf6e772fd2059a9586cdc5
There has been racial conflict in this country since Day One. One of Jefferson’s gripes against the British in the Declaration of Independence was that the British allied with the “merciless Indian savages” and encouraged black slaves to revolt against the Patriots after the Revolution kicked off.
The North used race as a wedge issue when Yankee capitalists wanted to displace the agrarian Tidewater plater elites. Nobody in the North other than a few nutjobs like John Brown actually wanted to live with blacks — slavery was a convenient moral high ground to justify killing other whites.
And that’s what they’re doing today. Like it or not racial solidarity and racial bloc voting are a reality (except for whites). I’m sure all of us libertarian-minded people would love it if every other black was just like Clarence Thomas. The truth is that Thomas is one in forty million.
When the left floods white communities with nonwhites, they know damn well those people are going to vote their race, and that they are going to vote as a racial bloc for the party that buys their votes, plain and simple. This is why the left continually proposes making Washington, D.C. a state — because they know damn well that the voters who elected Marion Barry and Muriel Bowser in a 37% white city are going to elect two Democrats — in perpetuity.
The left wants to use nonwhites as pawns and shock troops and as Red Guards against in the ongoing Cultural Revolution against white, picket-fence, dog-named-Spot, small-town white MAGA America.
“Now they’re putting Africans in Maine — 93% white according to the Census”
The real bad news is that Sub-Saharan Africa has about 1.2 billion people and most of them want to move to Europe or USSofA. The Sub-Saharan population is expected to grow up to 2 billion by 2040. Thank goodness the Multiculturalists are only shipping/moving them here slowly, maybe a million or so a year so as not to panic the White herd. A multicultural nation is what the Communists want. Itz almost as if history is repeating itzself. I don’t literally believe in the Bible but there are stories there that warn us of dangers like the stories of Sodom and Gomorrah and the story about the tower of Babel.
We are almost a minority here in the USA. What will it take to wake us up. I don’t know as the Communists have taken over academia, government and media.
There are a lot of apartment buildings going up in my area and hardly any single family houses. A lot. There’s something going on that’s for sure
Awesome travel agents named Abbot and De Santis distribute invaders far and wide.
What heros!
Preach brother. Uncomfortable truths, there is a reason I relocated to Europe…
The companies that are doing this, and I believe that they are, seemingly have an infinite cash reserve and don’t really care if they “lose money” or not. This so called housing crash that youtubers like the “economic ninja” and “reventure consulting” talked about hasn’t happened, at least where I have been. In fact, it won’t. They will be the first to receive the printed money which pushes the prices yet higher despite the fact that the average person being crowded out of the market. This isn’t a market being driven by real buyers and sellers. It’s driven by artificial intelligence and government.
The companies just buy, maintain the property to the minimum for appearances and hold it. They will buy the property and then raze it if needed or they will house those migrants receiving $5000 a month plus their housing allowance.
I don’t really want to be here anymore.
“Affirmatively Furthering Fair Housing (AFFH)”
“The 2015 rules required cities and towns, in order to receive funding from HUD to document patterns of racial bias in their neighborhoods, to publicly report the results every three to five years, and to set and track goals to reduce segregation. Under the new rules, any jurisdiction that receives money from HUD must analyze its housing occupancy by race, disability, familial status, economic status, English proficiency, and other categories. It must then analyze factors which contribute to any prohibitive barriers in housing and formulate a plan to remedy the impediments”
There you have it. They have identified where all the White people live and they intend to send the “vibrant masses” in to share the “Magic Dirt” that has been withheld from the “Vibrant Minorities”. You can run but you can’t hide. Pretty soon we’ll be backed up to the hills and no where to run. Because the “Communists” claim that “We are all born equal” and that the environment is all that shapes us, all that is needed is some “magic Dirt” and finally there will be equal outcome. BTW Trump rescinded that rule as soon as he assumed office back in 2016.
” I have rescinded the Obama-Biden AFFH Rule. ENJOY!” In a second tweet addressed to “The Suburban Housewives of America,” Trump continued, “Biden will destroy your neighborhood and your American Dream. I will preserve it, and make it even better!”
As soon as the Communist regime came into power in 2020 “Shortly after taking office in January 2021, President Joe Biden took steps to reverse the Trump reversal of Affirmatively Furthering Fair Housing, designed to introduce subsidized housing into higher-income, suburban zip codes.”
That’s why I will not vote for the Democrats (Communists, Socialists etc. etc.). Trump may be stupid but al least he will slow down the destruction of Western Civilization”. Oh and BTW Trump rescinded the CAFE rules. I repeat “Do Not Vote for the Communists!”
There’s another, far less nefarious, explanation. It’s rising middle class investors emulating the rich. Real estate in resort towns like Aspen and Vail have always been a place for the rich to park money. My joke is that Aspen is a piggy bank disguised as a ski slope. And one reason why places like Martha’s Vineyard and the Hamptons are still exclusive enclaves is because of the stable real estate market. Most of the time these towns are empty, even during ski season. The exceptions are during holiday weekends, Christmas and July 4th. And there’s a whole army of people to keep the grass cut, the driveway plowed and the lights on.
We saw this play out in China too. The ghost cities full of empty buildings were investment properties for the nouveau middle class Chinese because the stock market couldn’t be trusted and they are forbidden from owning foreign currency. Of course it became a massive bubble which is now popping.
The new money is just doing what they’ve seen the rich do. But they’re not “Aspen” rich, so they’re going to get what they can. My neighbor is a good example. Now I’m not living in a high dollar ski town, I’m in a very working class neighborhood full of gas patch roustabouts and retirees. When the old lady couldn’t stay in the house her sons decided to keep it as a vacation home. They pay someone to keep an eye on it and mow the lawn, and I see one of them come by for a few days every so often (much less now that Mitzi died), but otherwise the house is empty. It’s become an investment.
Is this the best use of their money? Some probably have their second homes listed on AirB&B, so maybe they get a little income from that, on holiday weeks and during that big music festival. But that’s not going to cover any mortgage they might have. But if they’re still working, have their primary home paid off and got a nice low interest loan in 2021, why not just keep buying? I imagine in your area there are a lot of federal employees at the top of the pay scale who need to do something with their revenue. And their jobs are so well protected and easy no need to retire early either. Might as well keep working and buying working and buying.
And don’t forget, people buy vacation homes dreaming of spending a lot more time there than they do in reality. Same thing happens with RVs and travel trailers. Very few people use RVs as much as they think they will. I keep a very close eye on Craigslist for used RVs and many of them are only a few years old. But even the old ones are generally in very good shape if they didn’t have any leaks. Some people even say they are selling because they didn’t use it as much as they anticipated. It becomes a white elephant. I imagine as the boomer generation begins to leave the surly bonds of Earth the kids either won’t want the property or they’ll have to dump it for cash. Maybe a few will figure out a remote work solution too. But there will be a crash, always is.
Yup, still playin monopoly after all these years.
Pathetic
‘But there will be a crash, always is.’ — ReadyKilowatt
A quirky observation from Peter Berezin of BCA Research, quoted by Albert Edwards of Société Générale:
“In the history of modern finance, no single indicator has done a better job of predicting when the next global recession will start than when the Bank of Japan starts raising rates. Foolproof!” Illustrative chart:
https://ibb.co/NY84vxX
Three hits (and one miss, in 2020) in the past forty years aren’t statistical proof of Berezin’s claim. But with a fourth Japanese rate hike just triggered, yours truly is hunkerin’ down.
Although presidential election years typically are boomed up with government support, 2000 (Internet bubble ended in March), 2008 (global financial crisis) and 2020 (covid shutdown and recession, March-May) were stark exceptions.
As ol’ Saddam Hussein used to say, ‘Anything is possible now, my brothers!’ 🙂
I have followed Martin Armstrong for ten years. The crash in the monetary system was to happen in Europe. Germany is happening now and the rest of the EU, save for an eastern European country or two. Then Japan, because of their unsustainably low interest rates is beginning. Then the US is last ironically. But the dollar I believe goes up as the others fail, but that kills our exports. What will follow is a basket or currencies or the Chinese Yuan as the new reserve currency.
“And don’t forget, people buy vacation homes dreaming of spending a lot more time there than they do in reality. Same thing happens with RVs and travel trailers. Very few people use RVs as much as they think they will.”
I think everyone in CO has an RV. In Minne it was boats.
RV and boat storage is an incredibly good business. I think there are three within 5 miles of my house. And I never see anyone coming or going!
I never went with the whole vacation home thing because it severely limits the places one can go—I mean, doesn’t anyone ever get sick of Disney World or Aspen?
I completely agree. My FIL had a lake place in northern MN that was fantastic and we went up all the time. When he passed, the family sold the place and my wife and I took the kids all over the world since. It likely wouldn’t have happened if we had kept the place. To each his own, but I like a more streamlined existence!
My dog eats the same treats at 11 as 1. Animals live for predictability.
That, and the hassle of upkeep plus the squatter risk and vandalism in remote areas. Here in Washington State good luck getting rid of them.
We’ve rented vacation cabins in North Central WA for years. End of vacation I hand the management group the keys and head home, done.
In New York, one can move into a house that isn’t even theirs and NOT get in trouble for it, citing “Squatters Rights”. But if someone who actually OWNS the house and is trying to sell it tries to evict the squatter via changing the locks or something else, the homeowner gets arrested. Absolute insanity….could such insanity spread to other states if it hasn’t already?
https://www.zerohedge.com/political/badass-vigilantes-show-evict-squatters-ny-house-where-homeowner-arrested
I read about that John, unbelievably outrageous.
If I was that woman I would have gotten a bunch of my friends together and thrown all the squatters stuff out onto the curb, them parked myself in front of the door with a baseball bat. A 12 gauge would be preferable of course but you’re not allowed to protect yourself in NY.
Possesion is 99% of the law.
Just leave the houses empty after buying them…..then….
Venezuelan Tik-Tok Influencer Coaches Illegal Aliens on How to Invade American Homes and Invoke Squatter’s Rights
https://www.thegatewaypundit.com/2024/03/bidens-america-venezuelan-tik-tok-influencer-coaches-illegal/
House up the road hasn’t been lived in for six years yet was sold. At first I figured it was just more carpetbaggers who double dipped in the MIC. Now I don’t know.
I agree though –there’s something sinister afoot.
So when you observe a dozen times empty houses to houseless people in your town, why is it STILL ok to bash some poor bitch inside who just needs a roof over her head ?
Is that a triple dip stupid cone?
@Eric – Is The Woods near a military installation of some kind?
The off-base housing allowances have been significantly expanded in recent years, among many perks offered to military personnel to provide an incentive to look the other way as the Biden Thing shuffles us into a nuclear war.
The allowances for the officer ranks in particular are quite good, and I am personally familiar with one situation with a family member where they have been able to get into Austin real estate with zero money down, signing over their housing allowance to a trust every month who holds the title on the house until the service member receives discharge/retirement.
Of course Vanguard owns the tust. In VTSMX, their “broad market index” fund.
What? You thought they held stocks in that fund? That’s so 20th century.
Hi Roscoe,
There’s the Radford Arsenal – about an hour away. That’s it. I’ve lived here 20- years and – until now – never saw anything like this. As I wrote, three houses just within a few miles of my place; probably many more I am not aware of. It’s creepy.
Extrapolate :
“Bums” everywhere you go with over half the houses vacant.
Whats it gonna take here ?
AirBNB party houses for FloydFest? 🙂
That is what I was thinking! They can rent out them and not have to claim the income like they do at Augusta each year.
Or it is probably some married guy’s second house where he meets up with his side piece for a quick nooner.
That could be, Roscoe –
That loathsome concatenation of corporate chaos looms this summer. But it’s only once a year. So these people rent the place for a week out of the year? Of course, as the “gentrification” of my once-rural area proceeds, I’m sure there will be other attractions to draw in the flatlanders. And that’ll be my cue to put the For Sale sign up. Then they can build a Wal-Mart on my land for all I care. I grow irritable as I get older.
Psft, I posted a link a few months back, don’t you remember?
The buyer is a commercial pilot in Paraguay or Germany. He trusts the laws in the U.S. ..Or, some such nostalgic clueless shit,… like, Americans & America, is really like what it’s billed to be.
…Yah, Eric’s gotta do some journalistic sleuthing on this one & find out what only Daphnie & Scoobie knows. Who owns it, & what are they up to?
…Inquiring minds, wanna know.
Perhaps in the meantime an interesting experiment might be to download the public voter list and compare it against these empty buildings? Oh, there are 40 registered voters living there….? Take a photo of the empty house and let your local elections office know that if they don’t take these voters off the voting list you will file a complaint with the attorney general of your state (Blue state may be meaningless threat but still can be done). File a complaint with the health department and use the voter list as evidence. Tell the elections office you will be checking back and if they are still on the list by election day, your notice will serve as evidence they participated in voting fraud and a felony.
Just an idea.
This whole thing is just weird. Perhaps it’s a way to take single family housing off the market, permanently thus forcing people to rent apartments.
Not living in a house is not a good idea. It will slowly and certainly go back to the Earth. After all, we’re supposed to be living in 15-Minute Cities and leaving the rural space for the elites to play in.
“Urban Planners” have had this goal for 30+ years and they’re not going to stop until the entire systems implodes.
Master planners always fail in their Utopian visions because humans have this bad habit of seeking to fulfill their own desires and don’t wish to be herded like cattle.
https://www.weforum.org/agenda/2022/03/15-minute-city-stickiness/
The controllers…the slave owning monarchy…..decided man was an invasive destructive species…. destroying the planet….so will to be banned from the wilderness and countryside….confined to 15 min.city/prisons to save the planet
Rural areas will be ‘rewilded’ …become gated private forests…just for the enjoyment of the nobility…no slaves around….
The slave owners are buying up all the rural properties through their huge corporation Blackrock….making sure no more slaves migrate there….
15 min cities….who can afford these expensive condos being built by the 100’s of thousands?
Migrants and housing….brandon told the banks to give them mortgages….
Subsidized housing….like $100/month mortgage or rent…..if they don’t pay”’doesn’t matter…can’t throw them out….
but….white boy gets to live in a tent on the street…..can’t afford rent….can’t get mortgage…banned from being hired for any job…..
Some old people live in a big house by themselves because their spouse, died or the children left…..some are having people from the government come to their door and ask them if they want some other people living in there with them…….
ask them will become tell them….probably soon…
Maybe another reason for the engineered, planned increase in housing prices/costs….it is in the media all the time now 24/7…just like the bat germ bs……..nobody can afford housing….. the new emergency….then the solution….
another solution…inject them….. the current non compliant slaves with something bad….then move the replacement slaves into the housing…..
They are calling for a large die off in the next few years,,, course not from the safe and effective injection but from climate change.
Anyhow there will be plenty of properties up as most owners and any heirs will likely be dead. At that point it won’t matter.
Yes, If you have the $5k “entry fee” you can explore Ansel Adams memorial slash n burn monument.
Its already here.
https://webuyhomes.com/
Received a letter from the company, they want to buy my home.
Everybody is getting them, property owners of rentals, my neighbor a few blocks away got one too.
The letter states that they will buy the house, you can continue to live in it and pay rent.
You are a fool if you sell.
Something is up, for sure.
I wonder who it is that is behind all of it.
Some places they are talking about forcing you to house migrants in your house….they are taking inventory of how many spare rooms people have in their house….
Or…buy your house…..sell/give it to migrants…..brandon told the banks to give them mortgages….
Subsidized housing….like $100/month mortgage or rent…and of course give them the $100……if they don’t pay…doesn’t matter…can’t throw them out….
JEWS…it’s always the JEWS.
Look at what (((they))) have done to New York City.
A relative of mine lives in a 6th floor “walkup” with a non-functioning elevator paying $3500 a month to some rat bastard jew shylock “landlord”. Maintenance is at the minimum. Hell, the elevator hasn’t worked for ages.
The municipal department that is (supposed) to handle such things conveniently looks the other way. I suspect that the “payout” is either either very good or the same jew shylocks who rent these substandard apartments run the housing department.
He is so brainwashed…he bristled at my noticing that most New York City residents don’t own anything of real value. They can’t afford to…
Jews LOVE rentals as they don’t have to do anything but collect the rent once a month.
Home ownership used to be considered as American as “mom and apple pie” but nowadays is looked down upon negatively.
[Home ownership used to be considered as American as “mom and apple pie” but nowadays is looked down upon negatively.]
Mom (now called a birthing person) and Apple pie is White Supremacy today.
Yeah, because home ownership really throws a wrench into the whole “you’ll own nothing and be happy” thing.
Speaking of which, their definition of “happy” is more along the lines of pleasure, as in “if it feels good, do it” and being strung out on the Brave New World’s “feelies” and “soma” than the definition of happiness according to Judeo Christian morality, as in “Happy are those who know, love, and serve the Lord” and happiness in the Greco Roman philosophical framework of “work worthy of being done.”
If that’s what they call happiness, I fear what misery might be…
Amen, Bryce –
Very well-said. Their “happy” is infantile indulgence in petty pleasures. Not in grounded things such as accomplishment, merit, a job well-done and the rewards attending. They want endlessly distracted adult children.
Eric, I’ve noticed the same thing here in my small town that lies In the western part of the Reich Empire. This phenomenon has been a nagging irritant in the back of my mind now for a couple of years actually.
One house in particular is a mile away on my regular jogging circuit and has been empty for at least 8 years, yet there is no “For Sale” sign. Only on one rare occasion have I seen any signs of activity, about 4 years ago. And that’s it. It’s on a good sized lot, and it’s completely vacant — not even a kid’s trike left out front. The strange thing is you’d think it’d be showing signs of neglect, falling apart, and overgrown shrubs and weeds, yet weirdly it isn’t. Another home only a block away was built new about four years ago. A family moved in, lived there about 8 months, and then moved out. It sat vacant for over two years (again, with no For Sale sign posted) until finally some guy with a pickup truck moved in. He’s by himself and always garages his truck, so the place still looks deserted.
I don’t know what’s going on here, but something isn’t right, and it makes no sense whatsoever. Why oh why do I have a feeling that the govt’s fingerprints are all over this freakish economic phenomenon.
On the other hand, there’s a flip side to this. When traveling around your local neighborhoods, have you noticed how many homes have more than one or two cars parked out front? In my town it’s not uncommon to see four, five or more cars, not counting what’s in the garage. This is an obvious sign that multiple families, the unemployed, and/or “Boomerang Kids (anchor babies returning home to live in the basement) are probably living together. The situation has become so ubiquitous that we now take it for granted and have forgotten what a rare sight it was 20 or 30 years ago. It appears that much of society today has accepted the idea that lower living standards are now a normal part of everyday life. Incredible.
Still think we’re not in depression?
Hi Dave,
If a house is vacant a good realtor would never put up a “For Sale” sign. It brings attention that the house could be unoccupied and that is how squatters move in and/or property is destroyed. There are a lot of people that own more than one house many are for rental or investment purposes, but some could be second homes where the owners just don’t have the time to visit.
Multiple vehicles lining streets, esp in poor repair, is typical of the barrio.
Older parts of Sparks Nevada. Use street view. Learn.
Or, once they buy up all of them, they can set rent as high as the market will bear, or a bit higher, since every one needs a place to live. Obviously, many of these buyers do NOT need a place to live, and so are seeking monetary gain. Which could also be manipulated by creating a shortage of available housing. Or they have an inside scoop on how much FedGov is going to pay them for migrant housing.
It’s certainly up to no good.
Speaking of future housing plans. In the Syracuse, NY area where I live, the local propaganda is continually harping on “we gotta build housing for Micron!!!!!!!!” Because supposedly Micron, the chip mfg in Taiwan, is opening a manufacturing facility that will require “workers.”
Let me laugh my ass off here now – HAHAHAHAHA!!!
No way in hell Micron is building any manufacturing facility in the USA, let along NYS. What Micron is doing is grifting billions from the feds while pretending to promise the moon and the stars. Micron will get its billions in fed money and then say “oopsie, we can’t build in NYS because of taxes/codes/water/electricity/housing/whatever.
Ain’t nobody moving to NYS snow-hell land even if there were jobs. Any housing built is strictly for illegals living on the fed’s teats.
In my neck of the woods (coastal NC), untold numbers of apartment complexes are being built…but precious few houses. What we’re likely seeing is the prep work for the unfolding communist government, wherein people are shoe-horned into apartments (a la’ the Soviet Union) while houses are reserved mainly for Party apparatchiks.
It is quite obvious what they are doing….15 min city/prisons…..
In the cities…huge numbers of apartments being built….cars are being banned..speed limits reduced to near zero….car lanes closed, huge traffic jams…..parking removed….bike lanes installed….
slaves being forced out of houses through very high prices, high property taxes….soon….net zero your house to comply…new roof, insulation, appliances, EV chargers, solar panels, heat pumps, etc. $100’s of thousands to comply…most can’t afford it….credit tightening….squeezed out….house gone….
Hi Anon1,
In Oregon, those “15 Minute cities” that many cities in the state are trying to build are called “Climate Friendly Equitable Communities” via an Executive Order signed by fmr Governor Kate Brown at, IIRC, the height of COVID hysteria. I wouldn’t be surprised if she concocted that name to FOOL children and adults who think that “Climate change” is the BIGGEST threat of our time instead of REAL threats facing humanity, such as the desire from billionaire psychopaths for GLOBAL TYRANNY.
Talented Oregonians.
In Oxford England…the same issue
they were getting too much push back calling them 15 min cities…so they labeled it something else….but continued on…
https://www.youtube.com/watch?v=iqEZljS4ZFg
I could make everyone laugh (or cry) by asking if such a plan would be even constitutional. Have you checked with any real estate agents or open source sites to see who purchased the homes or holds the note or title on the property? I would love to say your wrong but after what .gov did to us I would say your probably right.
As the old saying goes “Fool me once shame on you, fool me twice shame on me”. Too many people are still being fooled to our detriment.
I agree with Landru. Look it up through the county real estate records. If it is an LLC you have your answer. If it under a personal name it should also have the buyer’s mailing address so you can see the area of the country where they are from.
Nothing is secret in this day and age. I wish it were though.
RG-
I believe that they will do anything to conceal the true owners of this property. The guy might be named Mike Smith or Joe Toronado, but that’s just a cover for who really owns it. The mailing addresses can be faked as well. I bet there are double entries. Kind of like the voting rolls. One for the public to see and one who really runs the show.
The only true names in the system are the live people. That’s why a wet signature is critical. Of course, that’s why they are eliminating them from all transactions
Hi swamp,
It is easy enough to determine if the individual (or business) is real or not. Right now, all anyone is doing is assuming.
It is also not in left field for people to buy investment properties. I have done it and yes, the house did sit vacant for a year or two. We bought it with the thought of using it for a second/vacation home. It didn’t work out that way so we ended up renting it instead.
If the property is being maintained then what is the harm on who owns it.
The harm comes in when corporations assert their privilege over every other individual, ruining markets and people. Corporate privilege includes access to zero interest loans or simply unlimited amounts of capital and money, advantage in determining groundrules for everyone to follow, and a host of other things Im too lazy to look up. All I know is that the system is designed to favor their growth over everything else.
So, yes, their influence is prevalent and is capable of injuring normal people forced to make it in their distorted markets. The recent run up in real estate “values” is entirely due to market distortions form the regular laws of supply and demand and the regular participants in residential real estate. There is aboslutely no reason on God’s green earth that an average house should cost any more than $200k even in todays fucked up monetary and fiscal environment.
So, yes, I do care who owns it and corporate ownership of real property should be prohibited, punishable by a revocation of their ability to do business in the United States.
The only exception I would make is for real individuals, like yourself who can provide a wet signature on a legal document that shows how the house was paid for.
Hi swamp,
You mean like the corporate privilege of 32.9 million small businesses that are now required to register with the United States Treasury FinCEN division so their bank accounts can be traced under the Corporate Transparency Act? That privilege?
1) Owning real estate in a corporation is one of the most fool hardy things someone can do. Having real estate in an S or C corporation does not favor anyone because it is usually taxed twice as the corporate level and then at the shareholder level.
2) LLCs (which is what I was referencing) are not always corporations. Can they sometimes be? Yes, the LLC is just an entity structure not a taxation structure. An LLC can be as simple as a single member limited liability company (one owner) or could be multifaceted and made up of millions of shareholders. The purpose of each one is completely different.
3) People wanting to protect their assets (which is the case in this scenario) is not evil. Maybe it is someone that comes from wealth and they don’t need every Tom, Dick, and Harry showing up at their door begging for money or an autograph.
4) Someone who has an investment property (especially a rental) would be a fool not to have it in an LLC. Not every landlord is Satan and not every tenant is a saint. We live in a sue happy world and something as simple as some goofy kid jumping off the front porch and breaking their leg would cost the owner of the home not only their rental property, but also opens up all of their personal assets as well.
Should the CEO of McDonalds been held personally liable because some stupid woman spilled hot coffee on herself? Should he have ponied up the $1 million dollars that they awarded her because “Caution – Hot” was not on the cup?
Can I sympathize with you when it comes to shoddy workmanship (e.g. Boeing airplane parts)? Absolutely. If shortcuts are taken in a business, which were intentional, then I have no problem with going after the top stockholders or officers of the corporation personally. You seem to believe that a small one stockholder S corp is the equivalent of a multi billion global conglomerate. It is not.
5) Liability and taxation structures are setup for innovation and efficiency. They are also setup to bypass the court system so wealth is generational and passes onto the heirs instead of Uncle Sam and some estate lawyer. The intentions of business establishment are rarely ever formed to “harm the public”. Should that occur I approve going after the culprits in any and all ways.
A correction to line 2. LLCs are not corporations, but they can be taxed as corporations. I won’t bore you with the details.
Very well said, RG.
No surprise, since you make your living at this stuff.
>wealth is generational and passes onto the heirs instead of Uncle Sam and some estate lawyer.
Don’t know about VA, but here in CA this is the way to do that:
https://www.investopedia.com/terms/i/intervivostrust.asp
Klaus Schwab says “you will own nothing?”
If you heeded the advice of your asset protection attorney, you haven’t owned anything for a very long time. As trustee, you control the assets, as fiduciary, but you do not own them, and the trust is a private, not a public, document.
So sue me, a-hole! Not gonna happen, because you can’t squeeze blood from a turnip.
IANAL. I just follow professional advice on this matter. For anyone living in SoCal, I can recommend the attorney who did my trust, decades ago, and is still practicing law in Riverside.
The goal for the slave owners is to have everything owned by corporations….controlled/owned by them….
Corporations buying up land….this video is about that same problem in Britain….
https://www.youtube.com/watch?v=3HckNUaIG6Y
Yes, pronoun more important than name.
>If it is an LLC you have your answer.
Maybe. Asset protection schemes no doubt vary among jurisdictions, but one key point is to make it difficult to determine who actually owns the property. Some states, such as NM, have anonymous LLCs, which could in turn be owned by an inter vivos trust, thus making it very difficult for financial vultures such as “personal injury” lawyers, etc. to discover the humans who are the beneficiaries.
But, it would be worth checking out, for sure.
Based on the principle of Occam’s razor, my first guess is that well off, but not filthy rich, urbanites or extremely upscale suburbanites are buying houses farther out in the country as “getaway” (or maybe, “bugout”) locations.
Searching Floyd, VA on Zillow yields a wide range of prices, from $1,000,000. The owners were very nice, down to earth people, who came by their wealth honestly. Yes, Virginia, there are some wealthy people in this world.
And not all of them are evil. Some are, though. 🙁
Damn! Significant parts of my intended post got lost in transmission. Scratch the last paragraph of previous post.
Bottom line:
If you own a $1,000,000 property free and clear, you can easily borrow against it to pay cash for a $300,000 “vacation home,” or “bug out location.”
Doesn’t necessarily imply nefarious intent or behavior.
You are right, Adi. I shouldn’t have said that because I know better. Everything my family buys is in a separate LLC. My point was viewing the county records would solve most of Eric’s concerns. Of course, the LLCs can also be looked up (unless they are out of DE, NM, NV, or WY). 🙂
‘these homes are being bought up to serve, when the time is right, as “affordable housing” for the millions of “immigrants” ‘ — eric
Shhhh! We’re not supposed to talk about this! But yes, ten million (and growing) irregular migrants eventually have to live somewhere besides in tent cities and high school gymnasiums.
A related theory is that the floating pier which ‘Biden’ is constructing off the coast of Gaza is not to deliver food, but to evacuate its 2.3 million residents so that Jared Kushner can develop condo towers and casinos on the Mediterranean coast after ‘cleaning it up’ — as he himself has stated on video.
When some folks leave, new ones come in:
‘On Sunday [March 10], hundreds gathered in Teaneck, New Jersey to protest an event where dozens of companies pitched real estate deals in Israel and the illegally-occupied West Bank.
‘Two weeks ago, Jewish activist and Teaneck resident Rich Siegel went viral after speaking out about the event at a Township Council meeting.
“If we allow this sale to go through, we are enabling a local synagogue to violate both domestic anti-discrimination laws and international law,” he explained. “As Jews, we don’t get to fly under the radar and break the law and hide it in the synagogue.”
https://mondoweiss.net/2024/03/new-jersey-protesters-target-event-pitching-west-bank-real-estate-deals/
Fair Housing Act of 1968, comrades: laws for thee, not for we.
Jews not only “hide it in the synagogue” but continue their blood sacrifices and child abuse operations UNDER the synagogue. Look up “adrenochrome” treatments…
It is interesting to note how quickly New York City authorities acted to “cover up” the underground tunnels beneath the synagogues, filling them in despite clear evidence of criminal activities taking place underground. From toddler high chairs to blood-stained child-size mattresses, the evidence is clear. Criminal activities involving children were (and still are) taking place
One thing I do not understand…jews are averse to manual labor, preferring “professions” which do not get their hands dirty. Who dug the tunnels?
Chabad loves hiding behind and underneath black wrought iron grateness.
The late George Lincoln Rockwell was a piece of work…but his short story, “The Fable of the Ducks and the Hens” puts it so well.
The immigrants won’t likely pay for any of it. Free housing is the card they will use to keep them voting Democrat, and they will, for decades