Anonymous ID: 5d3c96 Aug. 3, 2021, 9:28 a.m. No.14259640   🗄️.is 🔗kun   >>9733

https://off-guardian.org/2021/07/31/whats-really-behind-the-war-on-home-ownership/

 

What’s REALLY behind the war on home ownership?

 

The incipient “Great Reset” is a multi-faceted beast. We talk a lot about vaccine passports and lockdowns and the Covid-realated aspects – and we should – but there’s more to it than that.

 

Remember, they want you to “own nothing and be happy”. And right at the top of the list of things you definitely shouldn’t own, is your own home.

 

The headlines about this have been steady for the last few years, but it has picked up pace in the wake of the “pandemic” (as has so much else). An agenda hidden on back pages, behind by Covid’s meaningless big red numbers, but perhaps no less sinister.

 

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Anonymous ID: 5d3c96 Aug. 3, 2021, 9:39 a.m. No.14259733   🗄️.is 🔗kun   >>9779

>>14259640

So what exactly is the narrative here? What’s the story behind the story?

 

The short answer is fairly simple: It’s about greed, and it’s about control.

 

It almost always is, in the end.

 

The longer answer is rather more complicated. Major investment firms such as Vanguard and Blackrock, along with rental companies such as American Homes 4 Rent, are buying up single-family homes in record numbers – sometimes entire neighbourhoods at a time.

 

They pay well over market value, pricing families who want to own those homes out of the market, which forces the housing market up whilst the Lockdown-created recession is lowering wages and creating millions of newly unemployed.

 

Of course, this is motivating people to sell the houses they already own.

 

People all across America have been saddled with houses worth less than they bought them for since the 2008 economic crash, and are eager to take the cash from private investment firms paying 10-20% over market value. Combine an economic recession with a created housing boom and you have a huge population of motivated sellers.

 

Of course, many of these sellers don’t realise, until it’s too late, that even if they attempt to downsize or move to a cheaper area, they may be priced out of the market completely, and forced to rent.

 

As such, in the last year, the private investment share of single-family home purchases is estimated to have increased ten-fold, going from 2% in 2018 to over 20% this year.

 

As more and more people are forced to rent, of course, rental properties will be in higher and higher demand. This in turn will drive the cost of renting up.

 

Market Watch has already reported that, in the last year, rent has increased over 3x faster than the government predicted.

 

This problem is likely to get worse in the near future.

 

Last night, Congress “accidentally failed” to extend the Covid-related eviction ban.

 

Which means, this weekend, while Senators adjourn to the summer homes they probably don’t rent, the ban will officially end and a lot of people are likely to have their houses foreclosed or their landlords kick them out.

 

The newly empty buildings will be a feeding frenzy for the massive corporate landlords. Who will descend on the banks like starving hyenas to snap up the foreclosed properties for pennies on the dollar. Just like they did in 2008.

Anonymous ID: 5d3c96 Aug. 3, 2021, 9:44 a.m. No.14259779   🗄️.is 🔗kun

>>14259733

That there aren’t enough houses for people to buy is patently absurd when the US census data says that there are over 15 million houses currently standing empty. That’s enough to house all of America’s roughly 500,000 homeless people 30x over.

 

There’s plenty of houses, there’s just not enough money to buy them.

 

The reason for that is the same reason the California has massive “homeless camps” in its major cities, and that so many people are having to become renters instead of owners: wage stagnation.

 

For decades now, wage increases have lagged behind increases in the cost of living. In the 1960s one full-time job could afford a decent standard of living for a family of four or more. These days both parents work, sometimes multiple jobs each.

 

It was huge amounts of financial de-regulation which created this situation. So, whether you believe Vox’s BlackRock apologia or not, one way or another Wall Street very definitely is to blame.

 

But this isn’t just about money. It never is. Just as the war on cash isn’t just about efficiency, and the environmental push isn’t just about climate change. Ditto veganism. It’s about control. Just like vaccines, lockdowns and masks.

 

It always comes down to control.