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Patteeu Memorial Political Forum>So Blackrock is buying all of our available housing
Chiefspants 10:33 AM 06-09-2021
Here's the link to the full WSJ article: https://outline.com/stat1k/wrzXss.html

This is eviscerating the housing market in CO right now. A couple of my close friends (an engineer and a pharmacist) are getting outbid by 20-50K with each house they try to buy due to this practice.

This feels like it could absolutely impact the potential for upward mobility in this country.

Repost police stick it where it counts.
[Reply]
AdolfOliverBush 10:40 AM 06-09-2021
Originally Posted by Chiefspants:
Here's the link to the full WSJ article: https://outline.com/stat1k/wrzXss.html

This is eviscerating the housing market in CO right now. A couple of my close friends (an engineer and a pharmacist) are getting outbid by 20-50K with each house they try to buy due to this practice.

This feels like it could absolutely impact the potential for upward mobility in this country.

Repost police stick it where it counts.
Another example of non-wealthy people getting fisted by the wealthy, while we bicker with each other about which non-wealthy people are the best.
[Reply]
Discuss Thrower 10:41 AM 06-09-2021
https://www.opensecrets.org/orgs/bla...?id=D000021872
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Chiefspants 10:42 AM 06-09-2021
Originally Posted by Discuss Thrower:
https://www.opensecrets.org/orgs/bla...?id=D000021872
Unsurprising.
[Reply]
AdolfOliverBush 10:43 AM 06-09-2021
Originally Posted by Discuss Thrower:
https://www.opensecrets.org/orgs/bla...?id=D000021872
Paltry sums of money, considering their resources.
[Reply]
Prison Bitch 10:52 AM 06-09-2021
Originally Posted by Discuss Thrower:
https://www.opensecrets.org/orgs/bla...?id=D000021872
You should post their executive roster.
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Chiefspants 10:56 AM 06-09-2021
Mnuchin also staffed his treasury with ex-Blackrock cronies and made his fortune with this exact practice during the recession. This feels like a united effort by our two part duopoly to redistribute wealth to the top of the ladder.
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BucEyedPea 11:04 AM 06-09-2021
Smells like the great reset's stated plan that we will not own anything; that we'll be renting stuff from globalist corporations.

Anyone here getting calls from companies offering to buy your home and they'll pay all the closing fees and everything will be done fast? I am and fairly often. Same for my little apartment building that has a cash flow paying my mortgage on my personal dwelling plus extra left-over.
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BDj23 11:04 AM 06-09-2021
A tiny shoebox around the corner from where I live just sold for 20k over asking price.

It's insanity
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BucEyedPea 11:07 AM 06-09-2021
Looks like globalists are buying-out people the way they do politicians.
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notorious 11:17 AM 06-09-2021
Hammer them with capital gains tax.

Give the little guy a chance.
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2bikemike 12:03 PM 06-09-2021
Originally Posted by BucEyedPea:
Smells like the great reset's stated plan that we will not own anything; that we'll be renting stuff from globalist corporations.

Anyone here getting calls from companies offering to buy your home and they'll pay all the closing fees and everything will be done fast? I am and fairly often. Same for my little apartment building that has a cash flow paying my mortgage on my personal dwelling plus extra left-over.
Owning several rental properties I get them all the time. Most are investor's looking to make a quick buck by low balling desperate sellers.

They are a freaking nuisance. But what really is frightening is someone contacted my daughter about a 4 plex I own. She is not on the loan or title and has no affiliation other than being my daughter.
[Reply]
AdolfOliverBush 12:07 PM 06-09-2021
Originally Posted by notorious:
Hammer them with capital gains tax.

Give the little guy a chance.
But jerbs!
[Reply]
ChiefsCountry 12:07 PM 06-09-2021
The main problem with the housing market right now is we had new construction was almost non existent for 10 years. Banks weren't lending money for spec homes and contractors weren't taking the leap. Millennials now are in their 30s and are looking for homes. No new construction has made existing jump in price. And the China Virus Scam has made building materials sky rocket.
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Discuss Thrower 01:08 PM 06-09-2021
Brian Deese, director of Biden’s National Economic Council, stepped down from his position at BlackRock Inc. to become the White House frontman in the fight to push a stimulus through a Congress deeply divided over the substance and price tag of the rescue package.
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