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Old 06-23-2021, 01:21 PM
 
445 posts, read 400,366 times
Reputation: 531

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On a side note, pay attention as Black Rock and Blackstone buy up entire neighborhoods. They are setting up the groundwork for socialism. Gone will be the days that people owned their own houses. You will own nothing and be happy. Isn't that what Klaus said? I think it will be one big mess quite frankly.

So everything you learned back in school will be turned upside down as the landscape of this country changes right before your eyes.

And what exactly can anybody do to stop this? Nothing. I don't see how any man or woman can stop this from becoming a reality. The cards are stacked against us all. It is what it is.

Shouldn't it be illegal for corporations to buy up all the homes? It will create a great disparity between the rich and the poor. That much I do know.

 
Old 06-23-2021, 01:25 PM
 
Location: northwest valley, az
3,424 posts, read 2,935,987 times
Reputation: 4919
as long as their is free enterprise in America, corporations are pretty much free to buy anything they want; only when they try to buy out a competing business does the government take a closer look, for anti trust reasons..
But stopping companies from buying up houses, isnt ever going to happen, at least not for the foreseeable future
 
Old 06-23-2021, 01:29 PM
 
445 posts, read 400,366 times
Reputation: 531
Quote:
Originally Posted by wase4711 View Post
as long as their is free enterprise in America, corporations are pretty much free to buy anything they want; only when they try to buy out a competing business does the government take a closer look, for anti trust reasons..
But stopping companies from buying up houses, isnt ever going to happen, at least not for the foreseeable future
Take a look at this article when you have a moment:

https://www.wsj.com/articles/blackst...es-11624359600

Blackstone Bets $6 Billion on Buying and Renting Homes
Deal for Home Partners of America, owner of over 17,000 houses in U.S., is latest sign Wall Street believes housing market will stay hot.

A basic need for housing will become fodder for the rich. Supply and "greed" will not end well. At least, that's my opinion. Isn't that the reason why they left Europe to begin with? To get away from the Lords and Ladies and have a better life with freedom and owning their own property. When did America lose its grip?
 
Old 06-23-2021, 01:34 PM
 
Location: northwest valley, az
3,424 posts, read 2,935,987 times
Reputation: 4919
ok, I looked at it; so, whats your point?

A company that sees an opportunity to make a profit with a major investment is still a legal activity in the USA..
Housing is a booming, profitable market now, for those people and companies who are willing to invest in them..

Until they change the rules, eliminating "categories" of what a public corporation can or cannot buy, this will never stop..
 
Old 06-23-2021, 01:35 PM
 
2,775 posts, read 5,742,910 times
Reputation: 5104
Quote:
Originally Posted by MN-Born-n-Raised View Post
It's pretty basic. IF people left because they cannot afford to live here, then the wages would have to climb until the spots were eventually filled. Then the costs of the product or service would have to rise OR the owner's margin would go down. If there isn't enough demand for the higher-priced item or service (or if the owner could not absorb the costs), then something would have to give. The service or quality could suffer. One example of many: Less cooks and fewer servers==limited hours or limited menus or smaller portions or the owner makes less $$'s. That's exactly what is playing out as we speak. I'm surprised I had to lay that out for you. It's economics 101.

Now if we place too many people on the proverbial teat (subsidies), then we have another set of problems. You know, if a bunch of "unemployed" people gets a bonus of $300 a week, I wonder what might happen in the job market?

Many pool owners here have recommended the site, Trouble Free Pools (TFP).
At TFP the posters/contributors often refer to the site's Pool School for basic information (very helpful), especially for newbies.
It would be very interesting if CD had little econ primers for posters to read before opening a thread.
(only half kidding)
 
Old 06-23-2021, 01:41 PM
 
9,825 posts, read 11,237,795 times
Reputation: 8513
Quote:
Originally Posted by MissMouse111 View Post
So everything you learned back in school will be turned upside down as the landscape of this country changes right before your eyes.
I pay attention to current events. I know all about the companies that you mention. No, "everything isn't going to be turned upside down." I'm 1000% sure of that. It seems like you enjoy being spooked.
 
Old 06-23-2021, 02:05 PM
 
1,485 posts, read 1,453,936 times
Reputation: 1702
I remember the outrage, when the Japanese bought Pebble Beach for a billion... sold it back to us a few years later for 500 million.
 
Old 06-23-2021, 02:08 PM
 
2,942 posts, read 1,644,556 times
Reputation: 1726
Denver: Welcome to the LA of the mountains.

Phoenix: Welcome to the LA of the desert.
 
Old 06-23-2021, 02:21 PM
 
9,825 posts, read 11,237,795 times
Reputation: 8513
Quote:
Originally Posted by Burning Madolf View Post
Many pool owners here have recommended the site, Trouble Free Pools (TFP).
At TFP the posters/contributors often refer to the site's Pool School for basic information (very helpful), especially for newbies.
It would be very interesting if CD had little econ primers for posters to read before opening a thread.
(only half kidding)
Sigh. I know. In my day-to-day interactions, I'm talking with people who have done pretty well in life. Tonight, I'm off to a friend's place for dinner on our lake who has a manufacturing business that is a MN company household name. And his buddy is in town that sold a boat company to the #1 wakeboard company in the world. I'm missing zeros next to my net worth in comparison to some of the people I know. But they all understand what is going on in this economy (inflation). No one thinks that "everything they know about economics is going to be turned upside down". So it is kind of interesting for me to hear what some people think. There is some really scary stuff that happens between people's ears.
 
Old 06-23-2021, 03:10 PM
 
445 posts, read 400,366 times
Reputation: 531
Quote:
Originally Posted by MN-Born-n-Raised View Post
Sigh. I know. In my day-to-day interactions, I'm talking with people who have done pretty well in life. Tonight, I'm off to a friend's place for dinner on our lake who has a manufacturing business that is a MN company household name. And his buddy is in town that sold a boat company to the #1 wakeboard company in the world. I'm missing zeros next to my net worth in comparison to some of the people I know. But they all understand what is going on in this economy (inflation). No one thinks that "everything they know about economics is going to be turned upside down". So it is kind of interesting for me to hear what some people think. There is some really scary stuff that happens between people's ears.
Sigh. You're both just patting each other on the back. *yawn*

In other news did you hear who died?

John McAfee has been found dead in a Spanish prison hours after a court approved his extradition to the US.

Now that is a wild and crazy man! I saw a documentary on his life! Fascinating!
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