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With 1 In 3 Homes Unaffordable, Freddie Mac Prepares To Enter The Trailer Home Loan Market
Submitted by Mike Krieger of Liberty Blitzkrieg blog,
I can’t say this is surprising. After all, with average peasants, I mean citizens, now priced out of the domestic housing market (Zillow recently showed 1 in 3 homes are unaffordable) due to billionaire financiers and foreign oligarchs buying up all real estate in cash purchases, American serfs now will find out where the “elites” think they belong. In trailer homes, naturally.
Oh, but the story gets better, a lot better. As is generally the case in the USSA these days, crony capitalist oligarchs have perfectly positioned themselves to benefit financially from the final transition of Americans to neo-feudalism. Recall that in my post from last October titled, Carlyle Group’s Latest Investment…Trailer Parks, it was noted that trailer park owners share the following attractive quality:
Our customers have no alternative shot at homeownership, nor do they [normally] even have the credit scores and quality to seek anything better…They never leave the park they are in, and the revenues are unbelievably stable as a result.
Sure, we know from the Dark Ages that peasants on the land stay put. Same concept here. However, it gets even better than this. America’s number one hypocritical, crony capitalist, Warren Buffett is also positioned to benefit.
From Bloomberg:
Want to buy a trailer park? Freddie Mac wants to give you a loan.
The unit of the government-owned mortgage giant that funds apartment buildings is set to begin financing manufactured-housing communities, the company said in a statement today.
The firm is broadening its reach in the multifamily segment of the housing market as it seeks to fulfill its mandate to provide affordable options for low-income families. The McLean, Virginia-based lender will work with established companies in the industry across the U.S., said David Brickman, the head of multifamily operations at Freddie Mac.
“It’s rounding out our ability to touch the affordable housing space,” Brickman said today in a telephone interview. “Manufactured housing is a big piece of rural affordable housing.”
Warren Buffett, the billionaire chairman of Berkshire Hathaway Inc., lamented the punitive rates charged to purchase factory-built homes in his 2009 annual letter to shareholders. Berkshire owns Clayton Homes Inc., a builder of manufactured housing.
Serfs up!
Full article here.
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You left out the infrastructure costs. basically Just saying
Trailer Park in Southeast Ma. $380 park fee per month. Add that to the monthly loan payment plus the monthly insurance and its not really a bargin. The benefit is each unit is individual so no shared walls with the neighbors.
Many towns (such as the one I live in) have by-laws prohibiting trailer homes.
Some banks will not give loans to buy a trailer.
...entering the trailer home market so he can fuck it up, too.
Karmic justice would be Warren Buffett reincarnated as Jim Lahey.
figures. since they made the price of gold unattainable for most middleclass, why not keep them from other tangibles like homeownership. maybe we can all own a home similer to the way a timeshare is structured? "my dad wanted me to ask for my bike. nah its cool hommie. its right over here. its like its both ours"
Back in my old Commercial Real Estate days....trailer home park owners were a rare breed..very few of them..and very strange they were....but they made money big time....
Lot fees for doing dick. What is not to love?
Just look what it did for Barb Lahey.
You talk like the roads, utility hookups and sewer lines just grew there.
They didn't. Somebody had to risk a lot of capital for the raw land plus the improvements and the payoff takes years to realize.
Have you ever priced out just the tree clearing, dozer and grading work on a single acre parcel? I have.
It ain't cheap.
next stop Vans down by the river!
That's waterfront property mate. You will get the premium FEMA lot's with the view of the concrete blocks on the back of Wal-mart and close to the railroad tracks for easy commutes.
Agenda 21 is so upscale! You could sell snowballs to an eskimo, cowdiddly!
next stop Vans down by the river!
Not likely. Old vans are worth far more for scrap. Old Ford Econolines are the most stolen vehicle in NYC right now - easy to sell for scrap without a title if over 7 years old. People who thouth their old pieces of crap have been stunned to find them stolen and sold for scrap.
Three years ago I purchases a Clayton Home (Buffet company) to house farm interns in for the growing season. We placed it about 1/4 mile from my house so I dont have to look at it very often. I can say being an owner (thankfully not a resident) of one of these 'Homes' that is is a complete piece of shit, total crap. Welcome to the new normal Bitchez
These things must be hell on earth to inhabit in the Northern States.
My neighbor bought one of these (I dont know the brand name) to put on his 50 acres so he could periodically go there and check on the construction on weekends, etc. while he was buiding his house at there in the sticks. The side fell off twice and the toilet and water functions repeatedly malfunctioned.
What's not to like? I'm sure they'll have a subprime mortgage trailer house market soon ...
"No money down, no credit check, no doc, never-pay-back 100-year loans ... Move in Today!"
"Live the Merikan Dream !"
<< I'm sure they'll have a subprime mortgage trailer house market soon ... packaged up those mortgages and sold with a AAA+ S&P rating >>
Forward !
I'd rather live in a tent that inhabit one of those POS trailer homes.
I never heard of wetbacks being called farm interns before.
It has a nice ring to it though. Sort of like Sanitation Engineer.
i'm going with....agricultural associates
i thinking monsanto barrista's doesn't quite work
bullish.
It's a good time to be a tornado.
Hahahah! That's awesome!
I'd take 3 acres and a trailer over an apartment any day.
It used to be 40 acres and a mule. You've come a long way baby!
Inflation. A dollar doesn't buy what it used to.
Three acres and a fancy tool shed here, and life is pretty good.
" 1 in 3 homes are unaffordable"
Not when you put 8 singles in a one family home. Then it's a new, government-approved 'Modern Lifestyle Unit™', coming to a home improvement show near you.
NPR will come by to do a video piece.
wait till a ship load of residential TEUs arrives fresh from China,
you guys like stackin, dont ye,
Actually, all those unused shipping containers would make great homes.
http://www.buzzfeed.com/kristinchirico/surprisingly-gorgeous-homes-made-...
they aint gonna look like those, which, admittedly, are pretty cool, but those ones cant be stacked five high in neat, easy to monitor rows,
Look at the nice old man eating the ice cream cone.
Invite the other family members over to show off and help remove the wheels...
You mean we need to pay for our own internment at a FEMA camp?
They will call in the Swiss to handle those details.
You mean we need to pay for our own internment at a FEMA camp?
Selling yourself and your family into serfdom... done voluntarily to get food and shelter. Welome to the new Feudalism.
"She's the Queen of my doubl wide trailer with the polyester curtains and a redwood deck"
...God save the queen!
that maggot will be selling renter's insurance on cardboard boxes soon
With some spray foam and a bit of paint, you could probably make a pretty sweet cardboard house:
http://globalflare.com/guy-makes-super-car-junker-spray-foam/
Guy's destined to be the head of design at Government Motors
Fabulous idea to mortgage homes that can be moved!
What happens if it's stolen and broken up for parts at the chop shop? Do you need homeowner's insurance, or car insurance? This could get very confusing.
Resale value on mobile homes is nil, and they can't really be parted up like a car. Plumbing is plastic, there literally is nothing valuable in the structure itself.
Moving older homes is such a hassle that it's literally a disposal problem for the owners. That's why you get offers like those at the botttom of the list in Phoenix $100 to own a single wide. Likely the park bought out the prior owners (or the unit was abandoned) at $0 and is making their money on rent, or even giving rent away for free just to get the thing maintained.
I see the ones over $1000 all have at least $450 in monthly rent though. So you either live in trash or you live near it. Near just just costs a bit more and you have to see the trash likely every day.
Yea, it's really weird FA, they are "registered" like a car, but, the insurance on them would be "Homeowner" or Renters. At least that's what it's like down here in FL other states may be different.
They pretty much can't be stolen, this is a trailer home park not an RV part, Trailer Homes are put up on blocks and the plumbing and wiring is semi-permident, removable but not easily done. Pipe fittings are glued typically.
RV park is a different animal entirely.
soon people won't get foreclosed, they will get repossessed while they are still in it. in the middle of the night a company truck will just hook up and haul them to the halliburton death camps.
I'm sure all the trailer houses will be part of the next Wall Street securitization Ponzi too. Should be great fun watching several banksters claiming them at once. Guess whoever hitches up first, gets it?
y-all's house on wheels got corzined bitchez
we're all trailer trash now
Its getting that like that....Unless you make 7 figures.
I wuz waitin fur it, and thar it is. Looks like a early drinkin day, for sure.
Warren Buffet, your a scumbag! You may be fooling some of the people thinking your a honest grandpa type image the fanancial channels deplict.
Rollin' Dirty...
http://www.youtube.com/watch?v=oo9Ip9FHODo
In the freedom of my allotted space I sit here smokin hash,the whole world calls me trailer trash;
I can spot the Drug Enforcement Agents as they sneak up thru the grass,
Toward this little old house trailer on my claim.
I used to have fantasies about a German, tall, beautiful, blond woman in high heels wearing red lipstick. Not much anymore. My new fantasy is that Buffett drops dead from a heart attack while humping Hank Paulson. I hate them both.I would do an Irish jig and drink a double martini while giggleing like a little girl.
I'm serious...............
And if you can't afford a mobile home, there's always shipping containers....easy to convert and affordable.
With the built in advantage that they are natural Faraday cages....
On the downside, cell phone reception inside one is pretty crappy even with the door open...
Fortunately oh mighty Physicist, there are some of us who are aware of feed-thru insulators and external antennas,
And what makes you think that I was not...
BTW, do you know where the largest Faraday cage in the world is? I'll give you a hint, I have been in it....
Your wife's IUD. You can keep the prize...
How drole....
Don;t give up your day job pumping gas for a chance at standup....
I think droll was what you were going for...
Psst....
Something tells me you didn't score very high in your SATs...
Look it up...
http://en.wiktionary.org/wiki/dr%C3%B4le
or if you prefer
http://www.urbandictionary.com/define.php?term=Drole
You are way out of your league buddy...
That's wierd. Droll in English is unusual or wierd.
Drole is supposedly Irish slang for dull, boring.
Drole from middle French Drolle "merry, pleasant rascal" from old French Drolle "one who lives luxuriously" from middle Dutch "fat little man; goblin" from old Norse "Troll".
How do you go from Trolls to fat little men to luxurious living to merry, pleasant rascals to being dull and boring?
Sarcasm is typically implied when using the french version...
As for your question, ask an etymologist...
Spastica Rex is probably your best bet here...
At an AFB or defense contractor?
Why don;t you look it up...
Why don't you tell me?
Fairchild Gardens, in Miami Dade?
Franklin, Ohio courthouse?
NSA datacenter?
Metro-2? (I bet this is the correct but unofficial answer, since it officially doesn't exist)
EDIT: Denver International Airport underground city?
Turns out it apparently got superceded by this Ohio courthouse thingie in 2012, mea culpa....
And I wouldn't doubt that the NSA/MIC has larger somewhere...
As for the one I was in, it was the largest when I was there some years ago...
http://en.wikipedia.org/wiki/TRIUMF#The_500_MeV_Cyclotron
http://www.dailymail.co.uk/news/article-2450762/Shipping-containers-rent...
The market is NOT unaffordable "... due to billionaire financiers and foreign oligarchs buying up all real estate in cash purchases..." but because of the continuous counterfeiting of money and credit.
In trailer parks it is typical that you own the building but pay rent on the parcel of land on which the trailer sits.
Would Fannie and Freddie at least allow these poor bastards to own the land or just a structure that depreciates even more rapidly than a house or condo?
If people don't even own the land, this really does take things to a newly contemptable level.
I'm sure this is just a setup to blow up this market as well. Since you've got large financial interests moving into the trailer park scene, expansion helps them and their rents, while getting one last sucker punch in to those relying on credit.
It really does take it to a new contemptable level. They'll be pricing people who are living on next to nothing out of the market. This is literally how you take people on very limited incomes (the elderly, disabled, or simply poor that try hard but have no real skills or few hours to work) and make them homeless.
Wow, I just checked and I could get a six month residence visa for Russia and go live in Sebastopol, in the Crimea. Probably in a nice trailer park. Well, actually, there's some normal middle classish apartments there that rent pretty cheap. Hot damn.
You can renew your visa, too; and there's no medical insurance needed. Prolly a good idea not to get sick tho.
Sit around on your waterfront view flaky concrete balcony and watch the fighter jets go by in the sky; while sipping Polish Vodka and bitter orange juice. Hire a nice unemployed Ukrainian girl to clean and what have you; hmm, hmm. yess. need to look into this further.
And when trailer homes become unaffordable, Fannie and Freddie will prepare to enter the Refrigerator Box market.
Seaboxes. Superior to mobile homes. And you can always hire a trucker to schoop you up and put you on a boat going some place that doesn't suck so badly.
If the definition of affordable homes is based on median incomes and median housing prices, wouldn't the equilibrium point for affordability be 50%? Are there any long term statistics regarding the comparison between median home price and median income adjusted for interest rate so as to base the affordability on the size of the payments being made relative to median income?
The old-school FHA qualification standards banks used to use is pretty much the long-term stats you're looking for. They were 28/36, and pre-FHA (ie 70s and earlier) of 25%. Before banks became the beasts they are, 20% down, 28/36 pretty much guaranteed a safe loan for both the bank and the homebuyer.
Median household income is $50K, so .28 * 50K = 14K/year or $1166 PITI. Knock $250/mo for taxes and insurance off, and that puts you at $916, and that gets you a house around $140K today. Note that it's roughly 3X the median income, and this ratio hold true for most of the past 100 years. For example, the median income in the early 60s was about $5500, and the median house price about 16-17K.
What's the 36 refer to?
It's no more than 28% of income to housing debt and 36% income to total debt (e.g. revolving credit.) Pre-financialization banks learned these ratios though years of experience and knew the loans would most likely fail if the exceeded either of these, so even if someone was buying a cheap house (well below 28% DTI) if they were carrying a lot of other debt (> 36%) they'd reject the loan app.
Thanks.
Seek - nice simple summary and spot on... 28% was i believe the PITI ratio to income and 36% was the all in debt/income ratio.
I feel sorry for anyone who pays 28% of their income on housing. I think I pay a little over 2% and that is just taxes and insurance. I think many renters pay upwards of 50% of income on rent.
About 1/3 rent, so the I would suspect the average homeowner has a little above average household income.
Once the oligarchs price out all the middle class and they stop spending there should be plenty of used Chinese shipping containers to convert. Cut the windows out and drill out holes for pipes.
This should double the price of double wides. What was that about pricing poor out of the market?
"They never leave the park they are in, and the revenues are unbelievably stable as a result."
Interpretation:
This people have dependable income streams due to government welfare payments.
Social Security. I remember a big trailer park outside of Guadalajara, Jal. Mexico years ago that was full of Americans waiting to die and collecting SS. It was a nice clean place with beautiful weather and people seemed happy enough. Course, once you cross the border the paranoia and fear kind of slip away and you get to experience normal human life emotions, that's why I used to spend all winter there. I rented a villa, but I think the trailer park people were doing just fine as far as I could tell.
My experience has been a massive amount of elderly on SS (which even though I despise the system, really isn't welfare "free money') and those on disability prior to the current disability boom, and the balance people who simply couldn't earn enough to afford better (think lower-IQ supermarket baggers and the like, who mean well and just want to live.)
I'm not sure why (I suspect it may be due to laws retricting what section 8 vouchers can be used for) but in my area there's virtual zero section 8 types in mobile home parks, so it's really not a welfare thing. I'm sure food stamp use at MHPs is through the roof though.
Mobile homes were too affordable so we had to step in. Give everyone 100 year loans. Get to work, slaves!
"There's a shit wind blowing boys" Thats right, a regular shit tornado is about to blow your whole life to shit!
Trailer Park Boys
Shitnado...coming soon to a theater near you !
There are tons of houses now repo'ed by fannie mae. I'm waiting for the auction sheet to come out the same way that they used to do for repo'ed VA properties. That's the only way they are going to unload the non-performing mortgages-- break up the CDOs and auction off the repo properties to whoever will buy them. Yeah, they'd take a big loss but this is all too big to fail.
Manufactured homes now compete with average quality stick-built homes. When they start loaning on shipping container apats, its time to run.
We can't be so fixated on our desire to preserve the rights of ordinary Americans."
- Bill Clinton, USA Today on 3/11/93, page 2a
We’ll get da’m peasants to sign our newly reformed robo signer laws. Well get ya’ housed at $1,500 tornado dwell ‘in, with a 30 year mortgage loan at 150% interest. EBT down payment transfers are accepted.
Ya’all call us soon. The first fifta callers git a new 20 gaggle riffle dur’ang sign’in to our special offer.
Next: Obamamotorhomeloan
Great idea, how about FREEOBAMAmotorHOMES for All !
And free gas to get you from Walmart to Walmart..
This administration is still squeezing out Peggy Joseph section 8 housing skittles on a unicorn fraction.
Obama Is Going To Pay For My Gas And Mortgage.
Will the guvmint finance my van down by the river?
Tom a taxpayer, -- mabe if you have special needs. Ann Barnhardt is living the same, though she is self financed. Plus contributions. This is old, but listen in; http://www.financialsense.com/financial-sense-newshour/guest-expert/2011/12/01/ann-barnhardt/entire-futures-options-market-destroyed-by-mf-global-collapse
Calling this shit NOW.
Make note of it.
Before this decade is done, IS DONE, we'll see the rise of company housing.
Not enough money to pay a mortgage? Not enough for rent? No problem. Sign as contract for a deduction in pay and you can sleep in company provided dormitories.
Company towns. Company housing. Company stores. Company chit.
Jus' like da good ole days!
Nothing new under the sun.
Incubus, -- you betcha. Just build a third world hive in the parking lot. The workers won't be owning or driving cars anyway.
So we all know how close trailer/single/double wide units are. From personal experience.
1. Hand gun bullets. Best be not neighbors. Rifle? Fughedaboutit.
2. Amerkn Fattieness. Once I was passed out on a singlewide's kitchen/living room floor, for a bit, and I felt a then not uncommon feeling of vertigo, spins, even though I was dead flat on the dirty shag carpet, yet I couldn't get semi stop spin state. Well it was my, our dates steping onto the trailer steps, producing either a roll over or seiously torsion frame failure. Then I noticed hugh( I'm still face flat on the shag) canckles suffed and overflowing some type of shockinly high heels. My phone blind date had arrived. She and her friend weren't THAT big, but they flexed the floor and like on a boat had to be managed. Anyway, these glued, rivetted occupied mailboxes with their chinese toilets aren't going to take Walrus Americanus.
TREBS: Temporary Real Estate Backed Securities..
Betcha a few million retired European Rail Workers will live just fine off of this!
(and their royals too..)
Thanks FREDDIE!
High-Grade Structured Credit Enhanced Leveraged Collateralized High-Yield Prime-Slime Fund a la Bear Stearns
Come to Melbourne Australia......where 1 out of 1 places are now unaffordable....
I live in the poor part of Melbourne....Footscray.....
If you need a laugh - Google map 56 & 58 NICHOLSON STREET, FOOTSCRAY, victoria, Australia 3011
Brick joint just went for $1.8 million aud ....the weatherboard shitter next door for $980,000
This was about 3 weeks ago.....
I meant Google Earth......
zoom right in and turn left once you are on the street - #56 went for $1,800,000.....
That is about $1,670,000US ..........you have to see and can someone please explain to me....why?
Yes I can explain it. ZERO INTEREST!
No zero interest in Oz. Plenty of Chinese buyers paying cash though.
Well, for starters, what is that massive construction going on down the street and in the block behind it? If they were hold-outs on someone's mega-project, someone may have needed to buy up the last couple houses on the block to build their new condos and mall.
can I get a loan for my cardboard box I am planning to move into?
you need 125% loan? Cardboard is going to be the next hot commodity. Use the extra 25% for a upgraded piss and shit jar.... or pay off some crack dealers...roll it up
oblig
https://www.youtube.com/watch?v=GrzC02_cjFU
https://www.youtube.com/watch?v=C5UltlRkxko#t=88
A dope trailer is no place for a kitty
Once physical movement controls are needed, FEMA just has to run the razor wire around the trailer parks, no need for them to actually build the camps. That should shave a little off the budget.
Sad thing is, the internees are actually paying rent.
Wow! I've got good credit. Could I become a trailer park King??
Buffet is NOT a Crony Capitalist or a 'capitalist', Buffet is a KLEPTOCRAT, "A common criminal, that happens to Own Politicians".
Let's stop this non-sense of associating criminals with capitalism, ... its almost like ZH is leading you all somewhere, and I can tell you it's not a good place.
Buffet destroyed the INSURANCE industry, it used to be ACTUARIAL, under Buffet the model became "COLLECT PREMIUM,
DENY CLAIMS", made BUFFET one of the richest men in the world.
BUFFET is a CRIMINAL who owns politicians, BUFFET is a FASCIST, but BUFFET don't have fuck to do with CAPITALISM, crony or not.
I've been dealing in the mobile home market for 20 years.
It's unbelievably lucrative IF you do your due diligence
Doesn't all the water runoff from growing weed ruin those particle board floors?
200-300 lot rent.
200-500 for your singlewide (14x70)=980 sq ft. usually 2br/1 ba or doublewides (28x70)= 1960 sq ft. 3br/2/ba -ish
vs.
3 br/1 or 2 ba stick built 1000 dollars.
A lot of parks won't take older homes (usually singlewides) unless they are already onsite
at which point the park owner picks it up for a song. Expensive to move from park to ?.
It's an issue of local zoning/neighbors.
If the big boys get involved in mobile home parks, it won't be rent; it'll be zoning.
God help us! I think it was Greetree that did all the mobilehome loans years ago and went bankrupt because many of the people they loaned money to had suprpime credit. Lowering standards is a very bad idea and the history of this type of loan has been a disaster.
I have owned an apartment complex for many years and we are currently experiencing the largest number of vacancies we have ever had. Many houses in the area are empty or under leased. In 2005 and 2006 prior to the housing collapse many people were looking at second homes, for investments or as a vacation getaway.
Today not only have many people shed the extra home many have doubled up with family or friends reducing the need for housing. We are pushing on a string and calling it demand when someone who can barely pay the rent is encouraged by the government to buy a house they can neither afford or maintain. We have a shortage of "qualified" buyers and renters. More on how low interest rates are hurting housing in the article below,
http://brucewilds.blogspot.com/2013/12/super-low-interest-rates-disservi...
Fill every crevice with debt.
I can't wait until the local thieves start running up the "property taxes" on these "homes."
"$3,500 a year 'For the schools,' or we'll hook up to and tow it away." LOL
Getting the US federal aid up front , declaring issues, then selling off the lot is a nigger rich dream. These motherfuckers never cared about helping people. They always find ways to work the system.
Amnesty bill and Obamcare will become the next global nigger initiation theme to try to develop new jobs. Both will fail. Mark my words.
The Carlyle Group is mining the tax code for profit. Gold Sach did it with Wind Mills and so on and so on.
It is the way the elite stay in power.
Amazing how they just ride the wave of suckers down...And this is what passes for business activity. Everyone will profit from lower housing costs except the actual home renter/owner, whose costs will go up significantly in order to support the economy by providing their landlords with more profits to trickle-down upon us all. Or not. Maybe, I don't know.
ZH seems to have lost interest in putting up Obamacare articles, so I am putting this where people who are reading about the screwed poor (and lower middle class, and middle class) will read it:
http://www.nakedcapitalism.com/2014/05/obamacare-clusterfuck-medical-hom...
In SF, if you got one of those wondrous subsidized policies (not Medicaid; an actual policy) - it turns out that there are no doctors that will take it. You have "insurance," but no medical care. You are given a list of doctors, but it turns out that either they are full-up, or they never agreed to take Obamacare patients to begin with. So people who were "free clinic" patients, are back again at the free clinic - despite the fact that they are now paying Obamacare premiums!!!!!
Next it will be tents.
Warning Warning Warning Warning
Do not buy a home in a park, I repeat do not buy a home in a park. Typically they have some rat like manager who is responsible for increasing the space rental 5% a year. They say its based on liebor. That is LIE BORE. Once your in your overpriced mobile home, you are losing precisely the amount of the increase to the space rental every year. That is to say your "equity" position is eroded by the amount of the increase in the space rental. Keep in mind the fact that the depreciation in the the value of the unit is more like a car than a home AND THEY WILL INCREASE YOUR SPACE RENT 5% EVERY YEAR! To be clear, if the space rent is $700/month, WHAT would the value of a mortgage be with that kind of payment? SUBTRACT THAT FROM THE EQUITY IN THE UNIT!!!!
Note also they use 2x3's not 2 x 4's. Cheap hardiboard. It's all shit, Manufactured home shit
You can't even start to live there until you pay for awnings and cheap-assed decking. It's all a racket!!!
Stay Away! Stay Away! Stay Away!
DANGER DANGER DANGER
As Russell Means would say ... welcome to the reservation!
UN Agenda 21 Sustainable Development at work in conjunction with private Central Banks and mega Corps
http://vimeo.com/90882476
http://www.augustforecast.com/
and F.O. flackster... it is in my town and I have followed the money from remote Queensland to Rio and the USA and the UN over 2 decades... smart growth and sustainable planning = communist centrally planned with smart grids for corporate interests i.e. technocracy for Zeb & Rockefeller interests. Just like the executive orders of the US President(s).