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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

#281

Post by [deleted] »

mumblemumble wrote: post #252
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…

How does this not play out like Archegos in the end? https://www.bloomberg.com/opinion/articles/2021-04-08/archeg...

[deleted]

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

#282

Post by gfodor »

TheCowboy wrote: post #274
gfodor wrote: post #230

Earlier quoted context omitted.

> trying to turn this into some political wedge issue that you wield as a cudgel against 'the sheeple' This thing you did here is mind-reading - nothing you wrote here is present in my original comment. You may be living in a small set of filter bubbles compared to the average.

I changed "you" to "people" since I meant it in the general sense of how self-proclaimed skeptics treat this topic and say condescending things like this: > You may be living in a small set of filter bubbles compared to the average.

Understood - I rescind my comment since the way it was written I interpreted it to mean you were accusing me personally of doing this.

I am not sure why, if your original comment was properly interpreted the way I did, it would be unfair to posit the idea of you living in limited filter bubbles. It's nothing to be ashamed of since we are all continually being victimized by social media algorithms into being exposed to information they feel will drive changes in our behavior. Everyone lives in filter bubbles. I don't know how to properly engage someone with the idea they ought to consider they're in a particularly narrow set without them feeling attacked. The best I've seen in some areas of inquiry is a tool you can use to analyze your twitter account to understand the scope of news sources you interact with, but that's limited obviously given the domain constraint. Even then it's hard to convince a person they are living on a overly-constrained information diet.

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

#283

Post by AndrewUnmuted »

TheCowboy wrote: post #129
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…

People using "The Great Reset" as a pejorative tend to have their views deeply rooted in right-leaning garbage conspiracy theories. Surely there's a better source for what Black Rock is doing than this person's Twitter thread. > Only the worlds largest asset manager and the leading proponent of The Great Reset. https://twitter.com/APhilosophae/status/1402437638423035906

Uh, have you listened to their podcast? [0] The discussion of the great reset is not rooted in conspiracy theories, but rather direct quotations uttered by extremely problematic individuals who have a broad history of sketchiness, corruption, and warmongering.

I take strong issue with your careful labeling of those with whom you disagree as all leaning in one direction politically.

[0] https://pod.link/1517364006

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

#284

Post by bostonsre »

Anyone want to start some kind of kickstarter like company where funds are pooled for different projects that have a target plot of land with a layout for a future city? Investors could get to submit bids for sub plots for future houses and the project could start when some predefined minimum is met. All of this NIMBY/artificially constrained housing supply stuff functions as tons of glass ceilings for those trying to rise up and follow the american dream.

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

#285

Post by philistine »

jtdev wrote: post #213
duxup wrote: post #124

Earlier quoted context omitted.

Yeah what the heck happened there. "same cabal" Everything is a grand singular conspiracy to someone these days. Happens on HN too, every few bad news type post has some accusation that whatever outcome was because of a conspiracy.

Consider that you may be far too trusting if you’re not considering conspiracy as a possibility at this point…

A conspiracy means that the truth about something is different from what we currently know. JFK, moon landing, flat Earth.

Where is the conspiracy with banks buying houses en masse? They intend to turn every middle class family into a permanent renter and take any profit of the housing market for themselves. This is exactly what’s happening.

We can simply say that this problem is more important than people believe, or that the media does not talk about it enough because it’s difficult to write about. But there’s no conspiracy here.

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

#286

Post by anthony_romeo »

paulpauper wrote: post #242
TheCowboy wrote: post #129

Earlier quoted context omitted.

People using "The Great Reset" as a pejorative tend to have their views deeply rooted in right-leaning garbage conspiracy theories. Surely there's a better source for what Black Rock is doing than this person's Twitter thread. > Only the worlds largest asset manager and the leading proponent of The Great Reset. https://twitter.com/APhilosophae/status/1402437638423035906

I think an objective case can be made that Covid has irrevocably changed the economy in way that has created new winners and losers, without it being part of a grand conspiracy.

I agree with that. Of course, this does not necessarily imply that a large people will not choose to believe in a grand conspiracy regardless of whether or not such a conspiracy actually exists.

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

#287

Post by davidw »

zamfi wrote: post #247
davidw wrote: post #189

Earlier quoted context omitted.

I don't live in San Francisco, and our local YIMBY group is getting things done, thank you very much. We helped nudge our local representatives towards passing HB2001 in Oregon, which will add to the supply of more affordable homes. We've helped get apartments built locally. We speak regularly with our city councilors. It takes a lot more than being 'highly online' and YIMBY groups are doing that work.

Now that duplexes are allowed, how long does it take to get one approved?

Still too long. The bill has not been fully implemented as cities have a few years to adapt it into their code.

But you just keep pushing where you can.

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

#288

Post by world_peace42 »

sidlls wrote: post #256
world_peace42 wrote: post #168

Earlier quoted context omitted.

I clicked it. Looks like he's a Republican and a Christian (and has pretty standard opinions for that intersection) who likes to write long political essays. Are you sure he's a nut job, or could you possibly just be a bigot?

Nah, having views that divorced from reality is crazy, plain and simple. It's also dangerous, as the ongoing insurrection against the US government shows. It's not bigotry to call them out for how outlandish and insane their beliefs are.

Nothing is bigotry if there are enough bigots. And, as everyone knows, HN is a one-party site, so I'm not expecting many upvotes.

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

#290

Post by kev_tech »

world_peace42 wrote: post #168
cortesoft wrote: post #151

Earlier quoted context omitted.

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

I clicked it. Looks like he's a Republican and a Christian (and has pretty standard opinions for that intersection) who likes to write long political essays. Are you sure he's a nut job, or could you possibly just be a bigot?

Yea, he's a nut job.
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