I don’t doubt this one bit! I’ve been watching them most of the year (dark pools/financial statements) & they’ll likely buy entire neighborhoods.
You will own nothing and be happy. In that case somebody(s) has to own everything.
I bought a 20 year old small 2 bedroom 2 bath house in November 2016 for $75,000 and Zillow has placed a value of $135,500 as of today. The price continues to go up, not down.
It’s easy when you control the issuance of currency[against the law(US Constitution)].
It’s easy when the Privatized Dollar$[FED] are virtually gifted to the likes of Blackstone.
It’s easy when the privatized dollar’s interest is controlled by other than US interest[ironic].
The most important public utility protected by the US constitution is the issuance of sovereign currency; yet, it was privatized in 1913–against the law.
Yet, “they” took this treasured US exorbitant privilege, to began trashing it.
Then continued to gift it to the Blackstone’s–to own it all…
…Including you[The Great ReSet]
Why?
It’s their DNA–PARASITES
It’s their nature, and…
Why they loathe nature.
The same has been happening in Florida. I recently moved to a less populated part of that state, where house prices have gone up about 50-60% since early 2020. Where I moved from, one of the big cities in FL, it wasn’t much better – maybe an increase of 30-40%. Prices were rising every year before the scamdemic too, just not at such a ridiculously fast pace.
At the same time, I’m pretty sure the big private equity firms are looking to transition into rental real estate and out of bonds. The Schwab agenda of nobody owning anything, but renting everything they use, fits with that. So I’m trying to reconcile rising prices with that. In some places, I think, prices have been going up exactly because private equity firms have already started buying up property.
I can’t figure out whether the plan is keep making property prices go up, till they go so high that only the very rich can afford to own a home or, alternatively, whether the idea is raise mortgage rates high enough that it leads to a big wave of foreclosures. Or maybe both?
I don’t think prices have been going up at nearly the same rate everywhere in the U.S. I think the picture might be wildly different – even more than usual in real estate – depending on where the real estate is located. For example: Is it in a state that has seen a massive influx of people in recent years (like FL, TX, TN, and a few other states)? Is it in a high- or low-tax jurisdiction? Has it experienced “fiery but mostly peaceful” protests?
I’d be interested in any additional feedback from others who also have firsthand data about how it’s going in the real estate market around the U.S.
The dystopian future has not been evenly distributed.
About a year ago, they bought up an entire subdivision approx 10 mi. north of where I live on the outskirts of Conroe, TX. I don’t know what the rent amounts are, but wonder if they’re maintaining the properties. With the drought we’re in, there’s foundations all over SE TX being torn up due to lack of moisture.
@Robert_Barricklow It has not been evenly distributed yet. I’m sure they’re working on it.