Why are billion-dollar “capital” entities like BlackRock buying up hundreds of millions of dollars of formerly privately owned homes? It may be possible to divine the answer by looking at another number:
The millions of people on the cusp of being evicted from the places they rent.
According to the U.S. Census Bureau, there are some 6.7 million of these people – who’ve had their rents increase by $250 per month, on average. The majority of these people earn less than $25,000 annually – and all of them have had the buying power of whatever they earn reduced by about 15 percent, via what is styled “inflation,” in order to make the victims of it think that the things they need to buy or pay for (like rent) cost more. In fact, their money just buys – and pays for – less.
Many of these renters have had their rent subsidized as part of what was styled “pandemic” relief,” an odd way of putting it since the “pandemic” didn’t force anyone to stop working (or hiring workers).
Rather, it was the government that did it.
The same government also told landlords they could not evict renters who weren’t paying rent. Which meant that landlords were being forced by the government to pay their rent – via the cost of paying the property taxes the government didn’t hold in abeyance, as well as all the associated carrying costs of owning a rental property – including the monthly mortgage payment.
That is coming to an end – along with the paying of people not to work.
But how will millions of these renters pay their rent with money they haven’t got – or which buys (and pays for) 15 percent less than it did before the “pandemic” devalued it by that amount?
It is likely many of them will not be able to pay the rent because if they do, they will not be able to eat.
What will happen, then?
It is possible there will be a kind of Mass Eviction Event, unprecedented (like so many other things of late) in modern American history. Try to imagine 6.7 million new “homeless” people – the air fingers quote marks to remind people of the meaning-manipulation performed so deftly by the Left when it means to subvert honest conversation by using dishonest language.
Once upon a time, there were bums – and derelicts. Irresponsible and dysfunctional people who lived on the street (and under overpasses) because they either wouldn’t or couldn’t work. They were a fringe element for these and related reasons.
But how about millions who don’t want to live on the street – or under a bridge? People – many of them – who would like to work but find it doesn’t pay enough to cover the rent, their pay having lost much of its value? Or because they have been surviving on credit – the accumulation of debt – and the bill for that is now coming due . . . ?
Enter the Rock that is Black.
It stands ready to rent the private homes it has been buying up to the people who can no longer pay rent. If that sounds incongruous, consider who is likely to be paying the rent. Not the government, of course. The government doesn’t pay for anything. It makes us pay for everything – via the taxes we’re forced to pay it. Government redistributes this money – typically, to engender dependence and loyalty from those who receive it.
The number of people receiving these bribes – for that is ultimately what’s on the table here – could be set to increase by . . . about 6.7 million. That is a lot of people. Enough people to create a “crisis.” One that the government will not allow to go to waste, having precipitated it.
There will be urgent, gas-lit “calls” to “do something” about this army of “homeless” people. And – in truth – something will need to be done, because 6.7 (or even two million) new “homeless” people is a hell of a problem. Desperate people being inclined to do desperate things. They can’t be locked up – realistically speaking and leaving aside compassionately speaking. But they do need housing.
Maybe the one next door to you?
It’s diabolically ingenious, isn’t it? How better to “bust up” still-intact neighborhoods – especially those in suburban and rural areas – than by introducing millions of government-dependents among them? People who don’t pay rent – but use the government to force you to pay theirs . . . plus whatever else it is decided they “need.” Who will be able to vote in your local elections, too.
In this way, Black Rock does what even the government has been unable to do – thus far – by using private capital to advance the same agenda government has pursued for decades, without the incrementalism of taking decades to advance it. Just the same as private corporations (well, “private” insofar as legal technicalities) were used with great effect to skirt the obstacles facing government when it came to having to pass laws to enforce “pandemic”-related measures such the “mandated” wearing of Face Diapers and other such variants of Servility Kabuki.
So, first – drive up the price of real estate by buying as much of it as money allows, the money available being almost without limit. At the same time, devalue the purchasing power of money, such that fewer people can afford to buy – or rent – a home. Then – having created the “crisis” – leverage it to great advantage, by getting the government to pay the rent using money extracted from the hides of the dwindling few who can still (just barely) afford a privately owned home.
Then squeeze these few – and not just financially. Place them between a rock and a hard place, their homes surrounded by homes lived in by people who no longer have to worry about their rent.
Because you’re paying it, now.
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Guess that explains why Trump had Larry Fink as an advisor very early into the scamdemic.
Thomas Jefferson said in 1802: “I believe that banking institutions AND CORPORATIONS are more dangerous to our liberties than standing armies. If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around the banks will deprive the people of all property – until their children wake-up homeless on the continent their fathers conquered.”
Right. That’s why the children of these powers who only have the power if we give it, will never fight a war, live in poverty, or experience any hardship unless they insist, or unless they are forced.
Welcome to Neo Feudalism. Same as Paleo Feudalism only worse. Don’t say you weren’t told repeatedly because you were told ad Nauseum but because it didn’t come from the Professional Lying class you didn’t believe it. Now you get Crickets and pod living or else.
I’ll give it a go but I’m an oldie so I may not relate.
Her voice is beautiful but the music unravels me but that doesn’t mean anything. Sound is Godly and he uses it for too many things to mention here so you should ask him to help you cultivate what’s right for you.
I’m the type who sits on a bench in the city with my eyes closed and feel everything through the sounds. No peeking allowed. After 30 minutes I’m overwhelmed with wonder at what we miss with our eyes open. Mysticism was pretty much bludgeoned out of Christianity by the Reformation and the dry biscuits called Protestantism.
Misspelled anal.
I wanna give that a thumbs up for the laugh and a thumbs down for you being a douche.
That’s kind of how I meditate, though I don’t know if I could handle it in a city. I like to extend all of my senses except the eyes. Sometimes it seems like I can even feel beyond my body, but it may just be the other senses filling in blanks. It is wonderful, but draining. I agree with you on the tunes, that was a good answer.
I prayed to God before I came around to the faith shortly after, because I was finding some meaning in the bible after a long time of looking away. And there were definite books I didn’t like or found tedious, but it had been a long time. And in a deep heartfelt prayer I heard “Read Mathew”. More like bold words imprinted into my brain than a voice. I was not expecting that.
It took me a few months to complete the task, because I was making notes, referencing and giving myself time to absorb it, and also I am a master level procrastinator, but before I was finished I had enough answers to keep moving forward. And through those answers my doubt was extinguished, and now I just have to keep working on keeping the faith, learning and growing and forgiving myself as I stumble, as I forgive those who stumble all around me.
It would have sounded like bullshit to me, before.
I knew nothing of God or Christ when I started praying for help. I was near death and 100lb. of skin on the Inebriate ward of a Naval hospital. The lady who was put in charge of me suggested I start praying for help to whatever I thought might be out there and hope like heck I get an answer. That night I got on my knees and said God please help. I’ll do anything you ask from now on if you just take these crazy nightmares away. I was having them day and night everytime I dared close my eyes. Something was different immediately but I couldn’t tell what but it gave me enough hope to keep doing it. The rest is history. 40+ years ago.
Now that you mention it, I was about at my end when I got that first answer and I was praying with complete humility because of it.
Ken – A few years ago, our church read the New Testament one chapter a day, 5 days a week. We used a workbook that had us pick out the verse that meant the most to us and to explain why we chose it, what it “said” to us and what we said to God for bringing that message to our heart.
On Sunday, the pastor would preach a sermon from one of the chapters. I got more out of the New Testament by joining others reading the same thing each day and discussing it with friends and family. It was very fulfilling and gratifying knowing that 1,000 other people were studying the same verses as me day after day.
That is a good practice and an encouragement.
Maybe go to the mountains. You can feel God there.
Or, look at your son’s face and deep in his eyes.
I’m pretty sure somebody has been in the weed today.
Arch- I listened to it, it was different, I will say unusual but a near-God experience? Um….no. I have seen this reaction to music when people are blitzed out of their gourd. 🙂
Try this Arch, guaranteed godlike trippin’.
“In the garden of Eden, baby”
AP. See what you think of this one…
If you like that, there’s this
AP,
You have introduced me to many great songs over the years. Thanks.
Pretty sure I do understand.
AA- Puff, puff….give.
Racist yogi?
Putins pud why don’t you hang yourself and end your misery.
Hey Stuck! Your fucktard is posting again! I think mine is in hiding!
He’s blathering away over on the civil war thread.
Here’s what I think about my fuktard: he is a REGULAR TBP poster! Why?
1.) He posts ONLY 1 or 2 sentences at a time.
Why? Because posting a longer diatribe would reveal that 1) he’s been here a long time, not a newbie and 2) the grammar and sentence structure would reveal his identity.
2.) So, who is he? The biggest clue is .. WHO ELSE is posting when he is posting?? I have sort of kept track of this over the last two weeks, really.
Another clue is he never calls me out, or retaliates, no matter how badly I insult him. IOW, this regular poster is a friend.
3). So, who is he? I THINK IT’S BL. Not kidding. And don’t forget, the real BL is also mostly anti-Putin …just like his fake identity.
Stucky- You have reached a new low. Ask Admin, it ain’t me and I’m not fake WTF? I loves me some Putsky, walk it back Stucky.
If I was going to give you shit , you know I would do it straight up. I’ve been doing it for years.
Waiting………
Still waiting…….;
100!!!
Your instant and vehement denial is a further confirmation of my theory.
Admit it, BL!! And we shall anoint you “King Of Trolls” … which is honorable here.
If you want a troll, you got it but it WON”T BE Putin the Pud Puller. PTPP is not me and you know it.
Stucky, I think it might be one of the recent anons who was berating you at every turn. Who knows which one which is why I dislike the anon idea with no identifying avatar. 1 in 50 is actually smart but we never know which one.
Least schizophrenic conservative
Heart chakra’s hun? I will take that as a challenge to see if there are any charkras there.
Yoga Nidra is the purest form of meditation I know of. It is really difficult with the secularized bullshit you find online easily.
So true about the mountains! I always pray on my daily hikes and give heartfelt thanks for his incredible creation.
The little people better own property outright because the blackrocks of the world have free money to borrow and take what is yours if you have a loan. Don’t feed the monster banking industry.
They won’t. The little people will end up in small, expensive corp owned apartments. See Germany for how this will evolve. It is certain.
What percentage will the “little people” make up of America?
Around 70% eventually. The bottom half will struggle mightily to add value in the coming economy. The next 20% will find something reasonably useful, but not well paying. The next 20% will be the relatively talented and hard working and will do ok, and the top 10% will do very well – they will fill the professional, managerial, small biz ownership ranks.
The idea that there will be an affluent middle class will steadily fade – see it happening everywhere already, right? – as global forces erode the lifestyle of the US middle classes, who lived far above their means, via huge personal and govt debt while not gaining competitive skills.
That is what I have always said, and lo and behold, we see it happening. It was inevitable. You can’t pay autoworkers $100k a year to screw in a bolt. You just can’t. So automation kicks in, and so does the competition from other nations that will happily do it for 1/10th that amount. Ask Sri Lankans what they will do it for at the moment.
A 1# bag of rice would probably get you a day’s work in Sri Lanka.
A hard boiled egg can get you a young wife for a weekend in Cuba.
Most.
Pods and Crickets and we’ll be happy or else.
Of course the is the Econo-model for the non worker career post grad student.
Those are actors. Ask me how I know real people would go insane within months.
I was being funny. Of course they’re staged. The absence of any loose clothing etc. should give it away.
Ken- I have seen much worse. I watched a documentary about Japanese young people who live in internet cafes, they literally live in a cubicle that have a small desktop and keyboard and a chair. They sleep in the chair and they live there months at a time.
omg bug people.
John Perkins mentioned people living in cardboard boxes recounting life experiences as an NGO thug.
This?
Infectious This doc was mostly young people in their 20’s, but that video expresses the situation quit well.
As long as there are property taxes, nobody owns property outright. The government can take it at their pleasure.
Texas has certainly made great strides in property tax “reform”. /s
UBI. Universal basic income.
Then you will let them mine your energy to receive it.
To spend on a cubicle in one of their population zones.
They told us.
Oh yes and you will be happy.
Very very happy or else.
I, for one, welcome our new Robot Overlords.
Of course I love Big Brother and thank him for increasing the size of my pod from 250 to 25 square feet.
In Oz, and I am sure it is happening in the US, govt is making it increasingly difficult for small landlords. During the lockdowns in the US, and Oz, you could not evict, and the landlords had to pay mortgages. More and more laws are put in place favoring tenants – can’t evict, must allow pets, must allow minor mods, etc etc etc.
So the risk to individual landlords is huge. So what happens? They sell up or don’t rent leaving their properties empty. Rents skyrockets of course, which is very enticing to large investors.
So renting becomes the purview of corps that specialize in renting. The risks are absorbed across thousands of renters. The returns are very nice, when rents are high and risk is spread.
It will become increasingly like Germany, where few own homes, renter rights are superior to hat of landlords, and big corps own the rental properties.
Small landlords will simply not want to absorb the risks involved. If the risk is 1 out of 10 you will get screwed, that is far too high, and individuals can’t afford to take such risks. But spread that across thousands of rentals, and the losses are simply calculated and factored in – like credit card companies do when they charge 20% interest knowing the default rate is 10%. Small landlords can’t take the hit – roll craps and they can lose everything.
So the do-gooders putting in laws and regs “protecting” tenants are forcing this shit on the world. Rents will skyrocket, small expensive rental apartments and homes will be the norm, and mom and pop real estate investors will leave the market. Instead of helping tenants, they are screwing them forever more.
What is the likelihood that some states will combat this by taxing the shit out of large landlords?
Zero. With new laws protecting tenants, if they tax the shit out of big landlords, and small landlords won’t take the risk, there will be no rental properties at all.
Maybe property values would fall enough that the renters could purchase instead of rent. Wouldn’t that be better? Ownership makes better citizens. Less government expenses.
I totally agree with you Llpoh, Germany is an excellent example of where it’s going in the future. Stackem’ and packem’, no doubt.
That is for sure what will happen. Rent control, tenant protections, no evictions, etc etc etc means small landlords will not put their money in. Big corps will, and they will do it in small, smaller, smallest properties rented out at huge rents.
People don’t realize that Germany is mostly a country of renters. Non-ownership bothers me on many levels. Total dependence is when you live in a stack and pack and have no way/where to grow your own food. Living in 250 square ft. is not living and that is the goal of the owners.
250 sq. ft. is pretty extravagant don’t you think?
Flea- That is small for an apartment in a stack and pack. Keep in mind, the cabal will still live in 50,000 sq.ft. with six cars and a couple of yachts using ungodly amounts of energy but THEY are special, they want it all.
That was sarc Bl. I thought it was too obvious to need a sarc button.
Sorry Flea, Stucky has managed to hit my hot button implying that I am Putin The Pud Puller trolling him. Perhaps by tomorrow he can pull his head out of his ass and admit he’s full of shit. I’m going to bed , see ya in the am.
Seemed like a lot of owners in Bayern, but there is a God’s country in every country.
Faith first. Works come after. If you can do it backwards, I don’t know how. Without the faith the Spirt does not provide me the wisdom to do the works. God does require a lot, but Jesus gives us freedom to not have to do it all today, The Lord would not require what you can not give. It is a narrow path I am learning.
Jesus often grew impatient, but his impatience did not rule his heart.
I cranked the song to 1080p and still couldn’t make out most of the words. I looked them up. The song seems to be about being lost. I was once lost, but now I am found, and each day is still a challenge, but more of them are days I am living and not just surviving.
Learn about BlackRock if you want to know more:
https://dissident-mag.com/?s=blackrock
Also, you’ll all be shocked to learn that Larry Fink is jewish.
You’re kidding right?
Must be.
In Oz, here is what is happening:
20% of all properties being sold are ex rental properties. Only 10% of all properties being bought are intend to be used as rental properties. So for every 100 properties sold, 10 properties come off the rental market. And there are 500,000 homes sold each year. Or 50,000 rental homes a year are being pulled from the market. That is around 2% of all rental properties a year.
Given a normal vacancy rate of around 3%, well, can you spell “fucked”? That means in one year the vacancy rate will be 1%, and in two it will go negative (ie there will be homeless).
AND people like me, who have a property that could be rented out are not doing so. In addition to the 50,000 coming off the market via sale, I am guessing there would be another 50,000 that are being pulled off the market and allowed to sit empty as it is preferable to taking the risk of renting it out, especially as the low vacancy rates are driving up prices. I am making a killing letting mine sit empty – why would I risk an asshole tenant causing me grief?
Rental vacancies are at an all time low. Who woulda thunk that preventing evictions during the pandemic, putting in new laws protecting tenants, etc. would have seen landlords exit stage left?
The big corps will come in to fill the void. But it will take some years.
Stupid has consequences.
You’ve nailed it precisely but then, we’ve been watching Blackrock pull this since 2007, no?
Sounds like we even have to give up our animosities.
“In respect to the gospel, they are enemies on your account; but in respect to election, they are beloved because of the patriarchs. For the gifts and the call of God are irrevocable.”
Romans 11:28-29
God cannot “accept” sin. Sin must be destroyed. Fortunately, God took care of that for you.
2 Corinthians 5:19-21 KJB… “To wit, that God was in Christ, reconciling the world unto himself, not imputing their trespasses unto them; and hath committed unto us the word of reconciliation. Now then we are ambassadors for Christ, as though God did beseech you by us: we pray you in Christ’s stead, be ye reconciled to God. For he hath made him to be sin for us, who knew no sin; that we might be made the righteousness of God in him.”
God has, via the cross, reconciled Himself to you (and everyone else); why don’t you reconcile yourself to Him by admitting you have a problem you can’t fix? Trust in His work on your behalf!