I hope they are not right this time. The wolf also shall dwell with the lamb, but the lamb wont get much sleep. Through law and custom, the U.S. has encouraged people to buy and cherish their houses. Here are some of my observations, having rented from a mega landlord. They better have layers of hands-on managers who know what they are doing and work for the owners best interests or all the price inflation in the world wont save them. And the buying a whole neighborhood meme was in fact a corporate acquisition, between two companies. And it makes sense. The few properties that are on market are now asking $450/sq ft. Market net rents for these properties have gone from $7/sq ft in 2017 to $12-14/sq ft today. Blackstone bought an entire company, Home Partners of America, that already owned 17,000 single-family houses. Good clean magic, no ugly witches with bad hair! Seems very shadow based. The rent to own business is going to get a makeover courtesy of smart contracts in the blockchain. It improves their operating numbers and allows them to pass on more service charges to their renters. Saltynuts 2,310 Posts 514 Likes Huge inflation is indeed coming Scat, it be coming and its bringing HELL with it!! Sooner rather than later interest rates must rise and that is when the challenges will begin. ie. Or it goes down-market. Dont need to hire that trucker when the truck will drive itself. But is there enough vacant inventory to create a crash. Black Rock, Vanguard, and State Street control 20 trillion dollars worth of assets. Build a pension fund portfolio, with an option to sell the creme of the lot at inflated retail market prices to few paying customers, before selling at wholesale prices at 4% 5% profit margin, because 5% is good enough. DAMN. Together, were fighting against institutional investors to ensure consumers have more influence than corporations. The bond market and bank accounts offer too little interest, and while home prices have mostly gone back to where they were 15 years ago, stock prices have more than doubled, nearly tripled since then. Back in the 90s they bought up practices claiming consolidation would provide economy of scale. dies). They housed workers in slums to get housing costs down. YepI miss it ?? In fact, the Wall Street Journal never actually pointed the finger at BlackRock. As the old saying goes, the lie is halfway around the world before the truth can get its shoes on. CulturalHusbandry (@APhilosophae) June 9, 2021 People will say "They can't just piss away money on buying tens of thousands of houses that are all at a loss." I did read an article on how the American Homes for 4 Rent tends to neglect the maintenance of their homes when tenants report leaky pipes, nor leaky roofs, etc. The BlackRock saga sounds grotesque. Although expand the system under analysis to include any new government regulation, and anything could happen. Given how wonky and ignored all the data, trends and theories have been for awhile and given the completely irrational behaviour by the masses, Im thinking that right now watching the mass media might actually be more indicative of what to expect until this mania is over. One method to help renters who dont pay the rent move on is to shut off the utilities. Theyre going to Uberize housing. In the arithmetic of online outragewhere big banks are evil, and landlords sucknothing is more villainous than a big-bank landlord.
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