OT Unregulated capitalism killing the American Dream

Because they hate the Giants?

 

more importantly, why would anyone root for the A’s?

or why would an A’s fan be allowed in SF?

have the a’s not been moved yet?

 

Been an A's fan since my teens when they had Reggie, Rollie, Catfish, Vida and a whole team of players known by one name ... who won three consecutive World Series.

 

I once won a t-ball World Series!

#snarkmeetsnark

 

Ding ding ding! A protectionist law would lower house prices.

 

Yeah, the owning a house part is alarming. I can only advise that young people take an interest in education early on and stay in school. Once reaching a college go to all ther classes, study long and hard and stick to a good major that is in demand and will remain in high demand. Presto, expensive houses will fall into your lap.

 

My mother made Millions of real estate. She promised it to me when I was in my early 20s.Then she got dementia and squandered every penny, gambling, buying junk on TV and giving it to the most slovenly people, even given a larger share to an ex con who spent time in prison for raping his own daughter than she gsve me. She left me with 5% of a dwindled estate that she divided among a little over a dozen families, many of whom were bad drug addicts. One of my cousins got 20% and his useless children got another 20%. My cousinspent six months in jail and was addicted to cigsrettes, alcohol, pot and maybe other drugs. During her latter years she was going through about a quarter Million a year with nothing to show for it. We were estranged for about 5 of the last 5 1/2 years of her life. Oh yeah, she told everyone she knew how bad I was. Do you know how much it hurts to have your own mother hate you?
How the hell did I get off on this painful part of my life?

 

My income is proportionally higher than when I had a $60,000 house mortgage and not a pot to pee in. We ate a lot of homemade chicken noodle soup.We made the noodles with flour and water.
Look, there are X number of houses out there and somebody's got to own them. I'd like to know how many homes are owned by fat cats and corporations and how many are owned by working slobs.

 

wow. I did almost the exact same thing as you. Bought my first home near rockwood for 140 in 2010 and been doing it right ever since.

 

Maybe capitalism will save housing ownership as a realistic thing for future generations. Have you checked out Boxabl? Apparently, this guy is interested enough to take one for a test drive:

https://hypebeast.com/2021/7/elon-musk-boxabl-50k-usd-home-boca-chica-texas-tweet

https://www.boxabl.com/

 

I don’t know if it’s been mentioned in this thread yet, but private equity firms are buying up incomprehensible amounts of land and real estate to artificially drive up home prices. Entire neighborhoods are being purchased at a time, at above asking prices, with their sole purpose to be turned into permanent rentals, never owned again. They are removing homes from the market permanently and lessening people’s odds of ever owning a home, while simultaneously providing the solution with rentals. It is brilliantly evil.

How do these equity groups get so much money for these endeavors though? Easy, the Federal Reserve gives them ungodly loans which they could never legitimately qualify for, with YOUR tax money, a service they would never provide to you or I. That’s right, your own government is fucking you and using third party equity firms, and your own tax dollars to pull of the heist. It could literally be the biggest scandal in this country’s history and nobody is saying shit. Look up a company called BlackRock, they are one of the main players in the scam.

Keep in mind that purchasing a home is the only way millions of people have to ever put together any meaningful wealth, and it’s currently being taken away.

Please tell me I’m not the only one who’s heard about this.

 

I advised my son down south to buy land and not an over inflated box to live in...later build your house on it..he's going to start with the temp living space on his land and when the price of material slows down...build his own house new....houses are actually really expensive boxes...what I'd look for is what I bought...land with drinkable water and a fresh water spring.....

 

You’re not.

It was mentioned by the OP in the third post in this thread:

Zags: 1 in every 5 houses these days is being paid straight cash by an investment firm usually based outside of the US. How do young Americans compete with that?

 

And the Fed Reserve can foreclose on those companies real fast and acquire the properties.

 

The Hawaii house does not have a spring but it does have ample water supply.

 

I’m thinking I’d like to do something similar.

 

My wife just talked to a lady who lives in the next development next to ours (deep suburbs). There is one rather odd house (about 5 years old, 1600-1700 ft2) in her ‘hood that sits on a corner (tiny lot), backed up to a semi busy (and getting busier) street and has the entrance on the side of the house rather than the front(?). It has sold at least twice before since it was built. According to my wife’s friend, a bigger real estate company just came in and bought it for $600K, with plans to flip it. That house is NOWHERE NEAR worth $600K, regardless of what the market might be doing today. Our neighbors across the street just sold a similar sized house (but about 15 years older) on a similar sized lot for $460K. But then, because of the frenzy in trying to find another place that doesn’t get sold out from under them, the neighbors took the very first offer (the day it went on the market) rather than wait. Had they hung on for another week or two I have no doubt they could have gotten at least $5ooK. It’s getting crazy. And yes, companies are buying houses sight unseen for ridiculous prices. It’s all about profit and fuck affordable housing. Capitalism at its’ worst. They rent them for ridiculous figures until they feel they can get what they need by selling them. They’re the ones helping to fuck it up for everyone. and when the bottom drops out they’ll laugh all the way to the bank. Welcome to America in the 21st century……….

 

What if we don’t want that

 

Nobody’s holding you hostage. That said, you sound like the people who said the same thing when they saw Henry Ford’s first cars roll off the assembly line. These folks are just at the beginning of what they want to do. They have plans to develop large, multi-modual homes. I think it’s pretty cool. The way we build homes today is the dark ages.