Guest Post by Martin Armstrong
Have you ever noticed a decorative eagle plaque above a home in America? This was once a popular symbol back in the day to symbolize freedom from mortgage payments. Homeowners would adorn their houses with this symbol to indicate that they were free from the bank and owned their home free and clear. Around 40% of owner-occupied homes have been paid off, further adding to the housing inventory crisis.
Continue reading “Freedom Flyers”
Guest Post by Martin Armstrong
I reported how BlackRock is now the largest landlord in the US. Institutions have purchased hundreds of billions in real estate across the nation and have no plans to sell because rentals are a lucrative venture. Inventory is at a historic low and people simply cannot find a place to live if they need to relocate. Rental price gouging has reached astronomical levels and demand far outweighs supply.
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.
Guest Post by Kit Knightly
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.
You can find articles all over the net talking up renting over owning.
Continue reading “What’s REALLY behind the war on home ownership?”
A very dangerous trend has been discovered as of late: hedge funds are buying up American housing. The Wall Street Journal, Federalist, and ZeroHedge have all reported on the problem, but the most succinct and useful depiction of what’s happening is this Twitter thread (you’ll want to read the whole thing and the articles in it. the info is important):
Continue reading “The Hedge Funds are Buying Up American Housing. That’s a Dangerous Trend”