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If you sell a house these days, the buyer might be a pension fund

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Re: If you sell a house these days, the buyer might be a pension fund

#151

Post by cortesoft »

yabones wrote: post #102

Things went off the rails at the end... > Well, the banks are controlled by and in bed with the same cabal buying everything up. You think this will be corrected by market forces when it is a financial and political pincher movement pushed by the same cabal that stole the 2020 election & hid COVID Truth? You are fucked. https://twitter.com/APhilosophae/status/1402449561864577024 IMO, weakens the entire 'thread' and m…

If you think that was disturbing, check out the substack linked to the twitter account. Full on nut job.

Re: If you sell a house these days, the buyer might be a pension fund

#152

Post by dragonwriter »

adflux wrote: post #16

This is what happens when you keep printing money and keep mortgage rates incredibly low. All that money's gotta go somewhere. Hey, at least the CPI isn't going up right? Its only the most expensive thing in most people's lives that has doubled in cost in about 10 years. Same thing for stock prices, and slowly other commodity prices are catching up as well. Non-homeowners are being shafted by this fed/ecb policy. Eve…

> Its only the most expensive thing in most people's lives

For homeowners, it is the most expensive thing, but homeowners are winning on it because they get the value of the asset appreciating.

For non-homeowners, the reason CPI isn’t going up is that rents aren’t rising with purchase prices, its the purchase:rent ratio going up. So it isn’t hurting them, either.

Re: If you sell a house these days, the buyer might be a pension fund

#153

Post by spamizbad »

adflux wrote: post #16

This is what happens when you keep printing money and keep mortgage rates incredibly low. All that money's gotta go somewhere. Hey, at least the CPI isn't going up right? Its only the most expensive thing in most people's lives that has doubled in cost in about 10 years. Same thing for stock prices, and slowly other commodity prices are catching up as well. Non-homeowners are being shafted by this fed/ecb policy. Eve…

The root cause here isn't really the Fed. We've been under-building housing since 1990, back when rates were 5-8%. If you track new housing starts against adult population, you'll see some pretty terrible things.

Granted this is lower than rates were in the 1980s. But if the answer here is you need to keep rates at 10-15% to build sufficient housing I don't see how that's politically tenable.

Re: If you sell a house these days, the buyer might be a pension fund

#154

Post by gfodor »

adkadskhj wrote: post #135
gfodor wrote: post #107

Earlier quoted context omitted.

I follow this account and others like it because it allows one to be exposed to things like the idea that COVID leaked from a lab a year ago. Skepticism is warranted in all cases, of course, but I think it's extremely healthy to keep in tune with a variety of subcommunities who are in and of themselves skeptics of many mainstream narratives.

I don't understand how you can manage, honestly. The absolute swarm of conspiracies around COVID and the election overwhelmed me and i wasn't even trying to stay informed on them. Furthermore, even if i was trying to stay informed on them it seems like a full time job trying to discern the "maybe not entirely moronic" conspiracies to the completely batshit ones. Most are batshit, it seems. Sounds exhausting.

I find that the times it is exhausting is when I've been overly attached to my own beliefs such that there's an emotional response to being exposed to claims in conflict to them. The best way to overcome this inhibitor to open mindedness in my opinion is to just ensure you have a broad exposure such that it becomes normal and unimpactful to read many things you strongly disagree with regularly.

Re: If you sell a house these days, the buyer might be a pension fund

#155

Post by world_peace42 »

How can anyone read and conclude that the US is anything other than dying and on life support? Our government is ran by corporations, and it is not going to change. Not to say that we have some cyberpunk future ahead of us - that looks a bit too optimistic at this point. As much as I personally despise communism, it's hard not to admit that the Chinese have a much superior government (not that they're even communist at this point) to our own. Larry Fink and most of his associates should be getting the "Jack Ma treatment".

Re: If you sell a house these days, the buyer might be a pension fund

#156

Post by dragonwriter »

alert0 wrote: post #81
adflux wrote: post #16

This is what happens when you keep printing money and keep mortgage rates incredibly low. All that money's gotta go somewhere. Hey, at least the CPI isn't going up right? Its only the most expensive thing in most people's lives that has doubled in cost in about 10 years. Same thing for stock prices, and slowly other commodity prices are catching up as well. Non-homeowners are being shafted by this fed/ecb policy. Eve…

Right now interest rates are low, they cannot use them as a tool in a crisis, for this reason they are printing money to lower the overall debt obligation of the US. Inflating away our debt. This will eventually lead to inflation at which point the interest rates will rise again (prediction, at the end of the decade). This is the correct play for where we are in the long term debt cycle. In my opinion, this is happen…

> Right now interest rates are low, they cannot use them as a tool in a

No, interest rate are low because they are using them as a tool in a crisis.

Re: If you sell a house these days, the buyer might be a pension fund

#158

Post by devmunchies »

mrzimmerman wrote: post #140
nathan11 wrote: post #29

Probably worth pointing out this twitter account is promoting the idea that the 2020 election was stolen. To me that casts suspicion on their other assertions.

They also push the idea of "The Great Reset" in that thread, which is another conspiracy theory that is tied up with FEMA putting people in camps in abandoned Walmarts, Bill Gates chipping us through the Covid-19 vaccine, and Q-anon. As soon as they brought up "The Great Reset" I found the whole thread lost credibility.

great reset is not a conspiracy theory[1]. however, attributing abandoned walmarts to the great reset is a theory.

1: https://www.weforum.org/great-reset

Re: If you sell a house these days, the buyer might be a pension fund

#159

Post by fastball »

One of my "out there" political ideas is that because land is a zero-sum game, corporate entities should not be allowed to own it. Only real people (or specific entities which are a collection of real people) who are permanent residents of the country in question should be allowed to own land. And from there, there should be an upper limit on how much any one individual is allowed to own.

Re: If you sell a house these days, the buyer might be a pension fund

#160

Post by runawaybottle »

davidw wrote: post #125

Here's why investors buy up houses: they know your neighbors will do the dirty work of artificially constraining the housing supply, which makes it a good investment. Here's one who comes right out and explains this: > Meanwhile, local opposition to building is so commonplace and the approval process so cumbersome, time consuming, and expensive, even when a proposed project complies entirely with requirements, approv…

Also, the low supply of new houses already created a market for them to control. If there’s already a bottleneck, then half your job is already done. Buy everything up, and continue buying new ones at a decent rate to maintain the bottleneck. A veritable housing OPEC controlling the outflow and production of homes. Sinister stuff.

Congress absolutely needs to do something about this.

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