Mr Richter is out of beer mugs,he mentioned it in his previous post.Takes 4-6 weeks to replenish the supply,container & beer mug chip shortage etc. Further, as it is future looking, it might provide investment ideas for those so inclined. Ask the Japanese how well these asset bubbles work out. SF commercial and condo RE suck. The Census homeowner vacancy data has been way off for many years as they define vacant, and because its survey-based, and surveys sent to vacant homes might not get a response. How Wall Street Bought Up America's Homes - The Atlantic You can only cheat savers so long before you lock in nobody wanting to provide for their own future. Many of the people tweeting about BlackRock are represented by city councils and state governments, or are surrounded by zoning laws and local ordinances that make home construction something between onerous and impossible. In trying to compete against corporations with tons of cash, families will almost always be outbid by these companies. They bought for cents on the dollar, concentrating on a handful of the hardest hit big housing markets. As the old saying goes, the lie is halfway around the world before the truth can get its shoes on. That is about 3 to 4 years of excess supply that needed to be burned off. They include: 1. Blackrock, among others, are buying up thousands of new homes and entire neighborhoods. forbearance Housing has not kept up with population growth. Maybe the answer is more single-family rentals. The Wall Street Journal had only mentioned BlackRock in passing, but it was enough for people to turn against the entire organization and point the blame entirely at them. apartment con someone into buying it at the highest, most morally suspect price you think you can get away with Blackstone bought a corporation that already owned the homes. Why are corporations, pension funds and property investment groups buyingThe Great Reset The Great Reset: BlackRock Is Fueling A $120 Trillion Transformation On Wall St. Gotcha. We occasionally get some down Islanders moving in that snap up properties and crow about their plans for B&Bs and what great deals they were so smart to achieve!!! I suppose on the next round of foreclosures due sometime after this housing bubble ends, small time investors will find themselves swimming with the big fish. These companies have very aggressively started buying up thousands of residential homes as part of their real estate portfolios. Black stone owns and controls in a beneficial manner 17,000 homes. In a case like this it must be stipulated that great care will be taken to maintain property & engender good will with renters .. or else why would anyone invest ?? But is there enough vacant inventory to create a crash. But this outrage is misdirected. 11) KFC Full Moon tomorrow too. The WSJ also reported that D.R. In typical PE fashion they buy them up, consolidate them, and start squeezing out the juice. HUGE inflation ahead if their play is correct. That way the GSEs, who backed the MBS, can stay whole and not go bankrupt. Fact: BlackRock, Vanguard, Rothschilds, etc, ARE the government. #2 Jun 9, 2021 Share birdman likes this. We already have almost just one chip company globally! Renters are already taking possession of SFHs in various areas by squatting and resisting the lawful evictions. Bravo, Homebuilder Lennar got into a single-family rental deal with investment firms that include Centerbridge Partners and Allianz, to build over $4 billion worth of single-family rental houses. The build to rent model works just like an apartment development deal but has a couple of added bonus features. 4) Edward Roski, 80Y, Ca, $5.5B, Majestic Realty co. What was new in 2011 and 2012 was the entry of big PE firms with huge amounts of money buying tens of thousands of homes out of foreclosure during the depth of the housing bust. 10) If JP send rates higher tomorrow to fight inflation, the RE market will instantly collapse along with a GDP bust like never before.
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