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United Renter States Of America: Spot What's Wrong With These Housing Charts
The blue line is conventional, single-family housing starts and/or permits.
The red line is "New Normal", "Blackstone is America's landlord" multi-family (i.e. rental) housing starts and/or permits.
Go.
Hint:
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They vote for security and free shit, not understanding that it's tyranny. Give them some credit.
Americans love their Tyranny. Americans vote for Tyranny. Americans deserve Tyranny. And we are getting it, all little more each day. Fucking idiots!
Sorry for the double-post.
Don't worry about the double post.
It was worth saying twice.
BUT... I'm not so sure we really vote for it, on balance, or choose those policies. Votes are not hard to influence directly by influencing vote counters, vote fraud, or by simply restricting the ballot such that all candidates lead to the desired outcome.
But when you own the system, it is not like there will be a court case or a scandal for doing these things.
The voting system is rigged, and that is a fact. They own it and rig it. If this isn't apparent to you yet, it will soon be.
The system is rigged but not at the ballot. It is rigged long before that.
We should have all raised hell when the networks stopped covering third party debates. Now we have to await our dim witted fellow citizens to get so hungry that they tear the system down.
All the " family silverware", so to speak, will have been pawned off by that time...which is really a f'ing tragedy.
Just exactly what the powers that be want. The shitty European plan. Have your shitty little appartment and be happy youve got that!
Globalism is wonderful.
It isn't like, when you 'buy' a house, you are actually buying anything. You get to pay, essentially, double rent. The first rent payment goes to the bank, for the house (mortgage). Once rent to the bank is paid in full, you pay rent to the state, for your land, indefinitely. Plus, all maintenance on the house and land are on you.
You're basically maintaining land and a structure for other people, and paying them to do it. Now, how idiotic is that?
It does have the advantage (as long as you're paying up) of staying in place versus a landlord kicking you out or selling the place under your feet and forcing a move. Plus, you don't have to find a landlord who permits pets or kids or whatever. Outside of those features, you're right -- you have perpetual landlords in a way.
And insurance is a third time. Over the term of the note, your insurance premiums will equal the value of the house. In actuarial terms, over the term of the note, there is a 100% probability you and everyone in your neighborhood will have your house destroyed.
You do not HAVE to pay insurance, if your home is paid in full. You can do something called, "self-insure." You assume all the risk.
Also, if you are in Texas, at least, you don't NEED to pay your real estate taxes, after you reach age 65. Your estate will have to pay it, or you will if you sell it, but until then at least you have a place to stay.
Utilities? We don't need no stinkin' utilities. Use a charcoal grill for cooking. Have the rest of your family live with you and all the bodies will keep it warm inside the house during cold weather; go out in the yard to sleep in summer.
See? Now you have enough money to buy some food. Cat food, maybe, but at least some food.
Things are getting better and better all the time!
((I guess you will have to cook the meth in the backyard all year long??))
Craig
At least you can pick and choose where to live and have more control of surroundings and environment. You like living in a rental neighborhood where no one cares about the property thye live on? Do you like seeing 15 people live in a house across the street and trash everywhere? No thanks.
Don't be a chump.
Being a chump is keeping a perfectly manicured lawn (per HOA standards, of course), paying on a mortgage, with a financed Lexus in the driveway that you can't quite afford, to impress people that you don't like. I do rent a room from my landlord. I get full access to a spacious house in a nice neighborhood, for $500/mo.
There are far more options than living in an HOA and having a financed Lexus, give me a break. What a strawman you are erecting.
I was correcting the gentleman's definition of 'chump'. Give ME a break.
I'm sure they will start building out of concrete soon so that the conversion to private prisons goes smoothly.
Cycles...cycles...
The boomers are done with their the home buying and their children haven't established themselves enough to start settling down with a marriage and mortgage.
The amount of multifamily complexes were under build in the last decade and are now catching up to demand but looking around at my local area there is a chance that there is going to be a boom/bust of apartment complexes..
I own a nice 1,800 sq fot home that is on a 120 acre piece of farm ground.. It has been vacant since 2001. We're in rural Southern Illinois. aka EBT Welfare Meth Capital of the World. Getting ready to put a track hoe on it as soon as it dries up. Taxes are $ 1K year....so I've dumped $ 10K into a black hole so far. We get at least 2 calls a week from Single Mothers with tattoos and loser boybrieds wanting to rent. You know...the ones that sit around and have a garbage can full of beer bottles by hump day, cigarette butts all over the place, a new Harley in the drive....and after 2 months, the payments stop, and you can't evict for 6 months.....and meanwhile they turn the place into a shithole.
Last week, some skank called wanting to rent...my wife said it isn't for rent, and while the lady was hanging up, you could hear some deadbeat asshole guy in the background say "What did she say?" - to which the would be renter could be heard saying - " The fucking Ho said it wasn't for Rent." lmfao. What a country.
How much do you want for it?
Fred....don't. This is an intervention...
Sounds like full time zombie alert to me.
Whaddaya asking for rent?
Sad but utterly entertaining post, DB. Hell, I thought the EBT toothless meth crowd was southwest of St. Louis.
Building one hellhole at a time.
Jack "FUCK!" Lew to Housing Investment Community (aka China):
"Pack those fuckers in as tight as you can".
Sorry but despite my Latinate surname I m really an uneducated Englishman from the mother country .
I cannot understand the two Tyler D charts or what they are supposed to argue ( ??!)
Basically I personally could nt give one .
I ve got my freehold house in a quiet leafy London suburb no mortgage . Now on a pension retired So what do I care if houses are not being built . As long as they keep going up I can proceed to borrow based on my property s ever gaining collateral value with interest rolled over until death when the property becomes the property of my lender . All the better to fund world cruises with ....no family to think of so as French Louis would say Apres -moi le deluge ....
See you in Sonewhere in the Carribbean this summer if our paths cross ..
The words "Jack" "alright " and " i'm " spring to mind not necessarily in that order .