Empty Houses

Guest Post by Eric Peters

During the early months of what was marketed as the “pandemic,” I noticed that people weren’t dying. At least not obviously – as you’d have expected based upon the hysteria. The cases! The cases!  . . . in case anyone doesn’t remember. I regularly drove my non-essential self past the local regional hospital to see whether the bodies were stacking up; whether there were refrigerated morgue trucks idling outside.

There weren’t. It was – for me – a clue that the “pandemic” was, at the very least, being exaggerated as far as its lethality.

I am seeing something else that could be a clue – about what’s going on in the housing market. Houses in my area are selling but not being lived in. At least that’s how it looks. The For Sale sign goes up, the people who lived in the house move out. The For Sale sign comes down – but new people (so it appears) do not move into the house. There are no signs of life. No moving trucks unloading. No new people cars coming and going. No kids in the yard.

Nothing in the yard.

These homes – and I have kept my eye on three of them, all of them close to my place – just sit, apparently unlived-in.

But sold.

It raises the obvious question: To whom? And, why?

It strikes me as odd that there are so many people – if they are people – who can apparently afford to buy a house and then not live in it. There are heavy carrying costs associated with the purchase of a home, assuming it is not purchased outright – with cash, at the time of sale. If not, then there are monthly payments to make to a lender and these aren’t trivial. How many people can afford to carry a (let’s lowball it) $1,500 per month mortgage plus the property taxes, insurance and upkeep costs in addition to whatever they’re paying to remain in another house – the one they’re still living in?

Probably not many.

And what would be the point, anyhow? Houses are, after all, for living in. What sense is there in buying a house you don’t live in? Especially if you’re not earning rental income from others who live in it?

These houses I mention aren’t being lived in by anyone as far as I can tell. I drive by them practically every day and at different times of the day, so I am able to gauge whether anyone’s there. There isn’t. One of these houses is just up the road from my place. It has been unoccupied – but sold – for going on two years now.

One house, ok. Two, maybe. But three – all within five miles of me – is suggestive. I have never before in my life seen this many sold-but-unoccupied homes. The feeling caused by the sight – by the implications – is one of unease. Something is clearly up. What it is remains opaque.

There are, of course, theories.

One is that huge investment conglomerates – e.g., Blackrock and Vanguard – are buying up single family homes as investments. Buy them, hold them – while the price of homes escalates – and then re-sell them. They certainly have the means to buy single family homes (in cash) and so not have heavy carrying costs. But the potential profit seems not worth the effort for such massive conglomerates. A house they buy – hypothetically – for say $300k in 2023 appreciate by $20k over 2024. They sell it – and make the difference, after all the usual expenses. This would be a nice little payday for an individual. But for Blackrock or Vanguard? Even when multiplied by however many houses they’re buying up and holding/then selling?

Another theory is more sinister and hence more apt to be true – keeping in mind the times we live in as well as the nature of Blackrock and Vanguard, et al. It is that these homes are being bought up to serve, when the time is right, as “affordable housing” – “affirmatively furthered” – for the millions of “immigrants” (as foreign nationals who’ve illegally entered the country and been given all the perks of citizenship but few, if any of the obligations) are styled.

They are to be seeded throughout American communities, especially suburban and rural ones, where the politics are still largely red rather than blue in order to turn them purple and inevitably, blue. The “immigrants” will become the new clients – not just of the federal regime but also of the local ones, which will inevitably begin to cater to their new dependents, flush with federal funds. They will politically displace the people who already live in the community who bought their homes.

There will be a “need” for new schools – for the new people – as well as a horn o’ plenty of government services, including the police who’ll be needed to deal with the “diversity” that’s coming.

It may sound surreal. But it also sounds plausible. There really is such a thing as “affirmatively furthering fair housing” – and you might want to look into what it’s all about. The Left has figured out that concentrating its dependent class in urban hives concentrates its political strength in urban hives and also – more important – makes obvious the divide between Left and not-Left. If the Left can diffuse its dependent clientele throughout the remaining bastions of not-Left America, it will have succeeded in permanently altering and controlling what used to be America.

Obama said it. His front-man Biden is furthering it, most affirmatively. They’ll likely seal it, if they succeed in stealing or even winning the next election. Either amounting to the same thing.

I hope I’m wrong about all these empty sold houses. But my spider sense tells me I’m not.

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