tag:blogger.com,1999:blog-6244999628674918029.post6441144449401273989..comments2024-03-28T23:57:50.103-05:00Comments on Bayou Renaissance Man: If you destroy private home ownership, socialism winsPeterhttp://www.blogger.com/profile/10595089829300831372noreply@blogger.comBlogger16125tag:blogger.com,1999:blog-6244999628674918029.post-90623193328676493712021-07-10T23:25:29.993-05:002021-07-10T23:25:29.993-05:00Why not if they think they will be on top.
Don...Why not if they think they will be on top.<br /><br />Don't forget, tye management class is full indoctrinated to the lefty BSMNWhttps://www.blogger.com/profile/03707029620445695318noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-22348059820431836002021-07-09T07:31:58.041-05:002021-07-09T07:31:58.041-05:00Kentucky Parakeet and Etaoin Shrdlu - You guys are...Kentucky Parakeet and Etaoin Shrdlu - You guys are thinking as traditional Americans with some feedback from the people. Big inflation is coming, some fear hyper inflation. For small Land Lords they will go out of business because you can bet the government will suspend rent payments but bail out the big corporations.<br /><br />These are people for whom greed is not one of the 7 deadly sins, but a virtue. They are not farmers. It has flabbergasted me how the ruling elite are acting against the middle class, who basically generate the wealth, but they are also short sighted and really don't understand wealth generation. These people miss their surfs, this is the great reset.Xophhttps://www.blogger.com/profile/12092036531046795583noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-36834696905157119282021-07-09T05:58:54.606-05:002021-07-09T05:58:54.606-05:00This is exactly how to create the world of "1...This is exactly how to create the world of "1984" without the nuclear war. They want us to own nothing, to be completely dependent on government for our employment, and they don't care that their greedy, corrupt policies will actually cause housing and infrastructure to decay to third-world disasters. "Minimalist" living is all you will get unless you are an Inner Party Member.<br /><br />Why would Blackrock, a company that became successful by investing in American capitalism, turn to the dark side of communism? Because power is the ultimate addictive drug, and its executives can no longer stop themselves or see the reality of what they are doing. Contrarian Viewhttps://www.blogger.com/profile/05694963568572098322noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-37015336924898207972021-07-09T02:21:26.639-05:002021-07-09T02:21:26.639-05:00Now take a look at the excrescence that is Land Va...Now take a look at the excrescence that is Land Value Tax. That's a sure way to eliminate private home ownership.Quartzhttps://www.blogger.com/profile/02728493448992671955noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-50258063679404271692021-07-08T15:39:09.904-05:002021-07-08T15:39:09.904-05:00Blackrock is HUGE ($9T+) right now, no way can I s...Blackrock is HUGE ($9T+) right now, no way can I see them pulling for socialism.<br /><br />Robhttps://www.blogger.com/profile/05450082315014407506noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-50064546236462689502021-07-08T15:08:58.919-05:002021-07-08T15:08:58.919-05:00
Corporations much prefer Socialism to Capitalis... <br />Corporations much prefer Socialism to Capitalism so long as they are in a monopoly.<br /><br />Why compete when you can get money from the treasury? <br /> 5stonegameshttps://www.blogger.com/profile/10694550968360550229noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-64216873724328916392021-07-08T14:27:45.551-05:002021-07-08T14:27:45.551-05:00@Kentucky Packrat - You're correct! This has b...@Kentucky Packrat - You're correct! This has been tried before, and it did not work out well. Waypoint Homes. I rented one. Here's how it went: The realtors were at first happy to work with them, and they had some good people who wanted to do things the right way. They did spend money as homes were acquired to make them nice. Then the numbers people began pressing them to hold down maintenance expenses, and raise the rent a bit more at renewal time. As a lessee the only way I found to get things done was to refuse to renew unless my list of work items was addressed. That worked. I found out that realtors were not showing Waypoint's houses because of the growing bad reputation... Profitability numbers were not met, Waypoint got acquired, you can guess why. New management, wash and rinse, repeat...We found a (much) better house to rent for no more money from an owner whose work had taken him and his family elsewhere. In our case we weren't looking to buy because our final retirement destination is another state in a few years. At some point these homes will get divested back into the general market. Not a crisis.Etaoin Shrdluhttps://www.blogger.com/profile/14386949014453535392noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-46768905057492799872021-07-08T12:27:00.250-05:002021-07-08T12:27:00.250-05:00If Blackrock and Co. could stay in the housing mar...If Blackrock and Co. could stay in the housing market for 10 to 20 years, I'd be more worried about this as a trend. Instead I see it as a sign of a market top (i.e. an eventual good sign).<br /><br />There are a lot of 1000 to 1400 sq ft. one story houses in the back part of our neighborhood. In the last housing market crack-up (2008ish), there were a lot of places bought by rental companies to be rented out. Within 3 years, every one of those houses were flipped and sold back into the ownership market. A few sophisticated rental companies survive here because they are divisions of remodeling companies, but even the commercial rental people are dragging about.<br /><br />These companies will spend big money, then have the places devalued through wear-and-tear, problems getting rent, and overpriced property taxes (you think local government is going to skip THAT cash cow?). In the end, they'll dump just like everyone else has.<br /><br />This is certainly a "sell the dollar" sign, because the "smart money" is trying to get out of money entirely. A contrarian would say it's deflationary (all the assets will crack up), a gold bug would point to the fact the Fed is trying its best to create hyperinflation. The rest of us may well be embracing the power of "and" (a hyper-inflated currency WITH asset devaluation in fixed-value terms).Kentucky Packrathttps://www.blogger.com/profile/01444480982718107017noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-84633772389451821572021-07-08T12:04:12.200-05:002021-07-08T12:04:12.200-05:00@ray,
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Why would Blackrock want social...@ray,<br /><br />"<br /><br /> Why would Blackrock want socialism?"<br /><br /><br />--because the get elevated to the peerage without all the bowing and scraping... In other words, they'll get their dacha on the lake, or huge rural estates with unlanded serfs providing rental income.<br /><br />It's a return to feudalism/royalty/landed gentry in the west, and the true face of communism (party apparatchiks at the top, workers living as serfs below).<br /><br />See also 'rentier class' https://www.encyclopedia.com/social-sciences/applied-and-social-sciences-magazines/class-rentier <br /><br />"Rentier is a class of people who derive their incomes from financial titles to property. Though the term makes an analogy with the old rent-earning class of great landowners, rentiers are characterized by their more distant relationship to the property they own. Rather than living in an estate in the midst of their property, they own a variety of anonymous income-earning assets, most typically shares and instruments of debt. From the rentiers, all vestiges of the paternalism, noblesse oblige, and personal dependence that once characterized the landowning aristocracy have vanished, leaving them as pure consumers of financial revenues."<br /><br /><br />They may not want to be Kings, but they wouldn't mind being Dukes.<br /><br />nNick Flandreyhttps://www.blogger.com/profile/13019834912388638989noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-53974710369541674052021-07-08T11:11:12.373-05:002021-07-08T11:11:12.373-05:00Why would Blackrock want socialism?
I can see them...Why would Blackrock want socialism?<br />I can see them wanting in on the the game of controlling the world (like Google, Facebook, twitter and the others are trying to do) but socialism?<br /><br />We live in strange times, interesting too (like the Chinese curse).Robhttps://www.blogger.com/profile/05450082315014407506noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-21612604526903553862021-07-08T09:42:23.461-05:002021-07-08T09:42:23.461-05:00It's going to get worse than what you (Peter) ...It's going to get worse than what you (Peter) are reporting, because the Dems are wanting to restart in a big way the whole Fanny Mae and Freddie Mac subprime mortgage with low low low initial payments for the first 5 years followed by whopping huge balloon payments. <br /><br />Shades of Barney Frank and the whole cause of the subprime mortgage crisis in 2007/8.<br /><br />As to the root cause, I look no farther than the Auto Industry and their "Leasing is better than buying" attitude. Newcomers to the wonderful world of adulting have had no experience with real mortgages, no experience in minimizing their debt and have everyone yelling at them to Lease, Rent, let someone else take responsibility for all the hard stuff, get it new every 2-3 years, yada yada.<br /><br />This has been going on since the Clinton Era and the Covidiocracy has just made matters much worse. Sadly.<br /><br />Landlords will be screwed. Which means that ultimately renters will be screwed. Which means that ultimately ultimately the banks and mortgage companies will be totally hosed.<br /><br />All because the leftist overlords want to cram everyone into soviet-style housing blocks.<br /><br />And it ultimately comes down to Control. It's easier to control the peons if you control where they live.Beanshttps://www.blogger.com/profile/15293778848879361153noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-55291028262358435812021-07-08T09:09:19.765-05:002021-07-08T09:09:19.765-05:003 years left on my mortgage in a small town (<5...3 years left on my mortgage in a small town (<5k people). So far my plan is working. More concerning would be the status of those around me. heresolonghttps://www.blogger.com/profile/00461382067580153600noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-29482380680191406272021-07-08T09:02:55.621-05:002021-07-08T09:02:55.621-05:00Owning your home and being debt-free is the best w...Owning your home and being debt-free is the best way to have low living expenses in your old age.<br /><br />Homeownership is one of the few paths open to middle class families to create multigenerational wealth.<br /><br />The concept of "You won't own anything and you'll be happy" is dangerous propaganda.<br /><br /><br />Don in OregonUnknownhttps://www.blogger.com/profile/02024449355688165717noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-52253557107747808402021-07-08T08:58:41.530-05:002021-07-08T08:58:41.530-05:00From what I’m hearing in housing forecasts webinar...From what I’m hearing in housing forecasts webinars there is no wave of for closures in the offing. At least in California. Amount of people behind their mortgages are low. Lots of equity. Loan stands were tightened do new buyers are not over leveraged.<br /><br />The Covid recession hardly touched the laptop class. It was more a lower paid worker incident. Ray - SoCalhttps://www.blogger.com/profile/11293232996007277071noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-83905418624797005432021-07-08T08:20:26.298-05:002021-07-08T08:20:26.298-05:00BRM - I did read that original article, and the Bl...BRM - I did read that original article, and the Blackrock Response (in the form of an editorial). The arguments being made were mind blowing to me, who sees the value of ownership. It is precisely true that what you do not own, you do not care for.<br /><br />We are starting to discuss how we are going to handle the house my parents used to live in and their rental. To be honest, the current state of affairs terrifies me in terms of renting out either. Renters have literally all the rights now with no responsibilities.<br /><br />The sad reality, of course, is that those that think this is a good idea do not want to live in the actuality of what it looks like. <br /><br />We owe on our mortgage but it is within our means, and we have no intent of "upscaling" - if anything, we will downsize. Why anyone would acquire a 30 year mortgage in your 50's or 60's is beyond me.Toirdhealbheach Beucailhttps://www.blogger.com/profile/14872794169534403463noreply@blogger.comtag:blogger.com,1999:blog-6244999628674918029.post-10191035716712494852021-07-08T07:56:51.497-05:002021-07-08T07:56:51.497-05:00You make me glad to have no mortgage! Many years ...You make me glad to have no mortgage! Many years ago the company I worked for was sold. A colleague and I had joined years earler, only a few weeks apart, and we got good redundancy payments. But he was weeping and wailing because he'd just moved upmarket to a fancy bigger house and could no longer pay for it. While I as still in the house I'd bought when I joined, improving it when I could afford, and only had a small remaining mortgate that was far lower than my redundancy payment. It pays to live within one's means.John Prigenthttps://www.blogger.com/profile/09354596223920007972noreply@blogger.com