JPMorgan to spend $1 billion rental homes across the US on the way to becoming a megalandlord

originally posted by: lordcomac

originally posted by: NightSkyeB4Dawn
a reply to: lordcomac

I don't think it is going to be city against country for very long. Many will never make it out of the city. And many will not fare well if they do make it.

The problem for the country is going to be the system. They will commandeer the land and homes, for the good of the many.

At least that will be the lie they tell.

That's pretty much my point.
If it came to city vs county today, the city would be a burning wasteland in six months, with at least 3/4 of their population dead.
And that's just if the power and the delivery trucks stopped running!

If there was an actual civil war, anyone without dirt to defend would quickly starve.

They can scream UBI all they want, someone still has to do the work to provide. When they basic work gets too hard to find it means there's too much population. Starvation and death follows. We can't be locusts forever.

That's why it is important to live by water. And have a tight working security family type for invaders.

Bleh-

They did that sh#* in Tampa last year, rent prices across the board soared 40% in a year, and put people out literally into the woods and streets.

There is no "nefarious" activity here. Just legislation and economics.

The current upper middle class, very soon, will not be financially able to OWN their home, because of inflation, taxes, and "green energy" costs. All foreseen, many years ago.

As wealth migrates to the top tier of people, the rich get richer, and the remainder of the population are subjected to a steady lessening of discretionary income.

Every expense for a homeowner, is a REDUCTION of taxes for a rental property owner. And, even though a homeowner's property may increase or decrease in value, neither scenario provides an increase in income. The rental property owner, however, gets to take a depreciation deduction, every year, for 27 years. Think about that.

It is rapidly becoming more finacially advantagous to RENT, than own ones home.

This has been happening for 50 years. The pace is accelerating. That is one reason why there are so many homeless, now.

Demand for all rental property is much higher, and the lowest tier are being priced out of the market.

I have noticed, for the past 10 years, that there is a VERY GOOD market, for camper spaces. Collections of campers on rural land are greatly increasing. I foresee this being the future living conditions for the MAJORITY of Americans, not on public assistance, in the not too distant future.

We have the government we deserve. THIRD WORLD!!!

originally posted by: JFredMuggs

Every expense for a homeowner, is a REDUCTION of taxes for a rental property owner. And, even though a homeowner's property may increase or decrease in value, neither scenario provides an increase in income. The rental property owner, however, gets to take a depreciation deduction, every year, for 27 years. Think about that.

It is rapidly becoming more finacially advantagous to RENT, than own ones home.

Wrong.

This scheme has been in motion since covid down in Tampa, FL. So go tell your ideal there to the countless renters who got bent over the barrel. One headline I recall was 'JP Morgan buys entire community'. Wall Street did a run on properties and guess what, it didn't harm existing homeowners. It all came down to chopping blocking existing and future renters, and new home buyers. Renters saw their rates go up 40% in a year window, including existing ones even apartment renters: 'no one' was spared.

Right on local Bay News 9 tv reports on the subject their best tip to successfully buy a home was "bid more than the asking price".

All artificial.

And it was going on pretty much everywhere too, but the real test model was Tampa and Phoenix, AZ also got railroaded like this.

And once the typical landlords, apartment management firms, and Wall Street megopoly bastards raise up the rates, you think they'll just go down after the way property values 'naturally' ebb and flow with inflation? Hell no.

Nothing nefarious going on there?

So homelessness soaring is part of the game. Bending renters over the barrel the hardest is part of the game. You like the nearly extinct Florida Panthers (not the football team), further driving urban sprawl is part of the game. And screwing over all new home buyers is part of the game. SQUEEZING EVERYONE in every way possible is The Game, across the board, and this stuff with housing is the biggest 'tell'.

I did one about we need to name this thing, like the Great Recession (also engineered by them, this is just the latest flavor of that agenda), because the news isnt doing it for us, so that everyone can properly communicate it.

It's time we name the #GreatInflation

But crickets, you know, because I'm annoying I guess... or because everyones waiting for the news to tell them it even deserves a name?

.......All artificial.

And it was going on pretty much everywhere too, but the real test model was Tampa and Phoenix, AZ also got railroaded like this.

And once the typical landlords, apartment management firms, and Wall Street megopoly bastards raise up the rates, you think they'll just go down after the way property values 'naturally' ebb and flow with inflation? Hell no.

Nothing nefarious going on there?

So homelessness soaring is part of the game. Bending renters over the barrel the hardest is part of the game. You like the nearly extinct Florida Panthers (not the football team), further driving urban sprawl is part of the game. And screwing over all new home buyers is part of the game. SQUEEZING EVERYONE in every way possible is The Game, across the board, and this stuff with housing is the biggest 'tell'.

I did one about we need to name this thing, like the Great Recession (also engineered by them, this is just the latest flavor of that agenda), because the news isnt doing it for us, so that everyone can properly communicate it.

It's time we name the #GreatInflation

But crickets, you know, because I'm annoying I guess... or because everyones waiting for the news to tell them it even deserves a name?



This is not "artificial".

This is CAPITALISM without MORALITY, under an OLIGARCHY. I don't like it. But I see it for what it is.

It's REAL! It is investors that realize all the money has been sucked out of stocks, and now these stocks are in danger of becoming worthless, overnight.

The STOCK MARKET is what is artificial. All the excess wealth needs some place to go, and that has led to stocks being overpriced, while actually having very little intrinsic value.

So, what is an investment institution going to do, in these perilous financial times? They look for something to invest in, with downside risk limitations, and safe, upside potential. Real estate.

The rental market is not fake. Obviously, there are enough renters to fill the vacancies, or rents would go down. Investors would rather see SOME income as opposed to NONE. Suppy and demand. Simple economics.

Having a home, or being homeless, is not part of a"game".

Being able to afford a home is a LUXURY, not a requirement, in the REAL world.

The cost of that luxury has increased greatly, relative to one's purchasing power, for 50 years, here in the USA, due to legislation (taxes), inflation, and the fact that wage increases haven't kept up. Capitalism without Morality, under an Oligarchy.

I am a homeowner, and a rental property owner. I see increasing taxes, increasing cost of repairs, and rising insurance costs from both perspectives.

I have been homeless. I know what it is like. I also know how to become UNHOMELESS!!!

I have lived in a camper trailer. I know what that is like.

You refer to all this as a GAME. It is NOT.

It is SURVIVAL OF THE FITTEST, in a "civilized" setting.

It shouldn't be that way, but HEY, Capitalism without Morality, under an OLIGARCHY.

a reply to: JFredMuggs

Respectfully,

I don't know but you lose me with the morality angle as if a capitalist need to be moral when politicians, entertainers, Hollywood, etc are not. FWIW there are moral people within all walks of life, don't agree with such a blanket statement

I get why we focus on the doom and gloom of it all; especially on a message board such as this one...

... But what about preparation? What are the steps people need to take to both physically and mentally prepare for and succeed in the new global economy?

If it's coming and we can't stop it; we can sit and lament about it or we can position ourselves to get as much benefit as possible.

To be clear; preparing for the change doesn't have to conflict with trying to stop it. Both sets of actions can be carried out.

Come gather 'round, people
Wherever you roam
And admit that the waters
Around you have grown
And accept it that soon
You'll be drenched to the bone
If your time to you is worth savin'
And you better start swimmin'
Or you'll sink like a stone
For the times they are a-changin'
~ Bob Dylan

a reply to: putnam6

Just an observation, but I think these people are playing a very dangerous game. They are painting an already angry and disenfranchised population into a corner, and they are vastly outnumbered by this mass of people. The triggers will be food and shelter, the tipping point will be when its truly unaffordable to the masses, it will have its own momentum and be unstoppable at that point. When people have nothing left to lose, they tend to go off, and this will be millions of people doing it. They will target whoever they view as their oppressors. In the end, the one percent's controls of society facilitated by wealth do not protect them against a huge angry mob. I am fearful of this because it means the breakdown of the rule of law and horrendous barbarism may ensue. I just pray to God that the military sides with the people if something starts.

originally posted by: openminded2011
a reply to: putnam6

Just an observation, but I think these people are playing a very dangerous game. They are painting an already angry and disenfranchised population into a corner, and they are vastly outnumbered by this mass of people. The triggers will be food and shelter, the tipping point will be when its truly unaffordable to the masses, it will have its own momentum and be unstoppable at that point. When people have nothing left to lose, they tend to go off, and this will be millions of people doing it. They will target whoever they view as their oppressors. In the end, the one percent's controls of society facilitated by wealth do not protect them against a huge angry mob. I am fearful of this because it means the breakdown of the rule of law and horrendous barbarism may ensue. I just pray to God that the military sides with the people if something starts.

Do you think so? it seems like the regular run-of-the-mill real estate terra forming, those that can't afford to live in that zip code move to an adjacent zip code, and somebody wealthier takes their place. Gentrification on steroids

Nothing is technically wrong except it gives one company a huge chunk of real estate in one area.

originally posted by: dandandat2
I get why we focus on the doom and gloom of it all; especially on a message board such as this one...

... But what about preparation? What are the steps people need to take to both physically and mentally prepare for and succeed in the new global economy?

If it's coming and we can't stop it; we can sit and lament about it or we can position ourselves to get as much benefit as possible.

To be clear; preparing for the change doesn't have to conflict with trying to stop it. Both sets of actions can be carried out.

Come gather 'round, people
Wherever you roam
And admit that the waters
Around you have grown
And accept it that soon
You'll be drenched to the bone
If your time to you is worth savin'
And you better start swimmin'
Or you'll sink like a stone
For the times they are a-changin'
~ Bob Dylan

Best advice I can give you, is to have a block party.

Know your neighbors. Build relationships, build a community. Learn how to make stone soup.

A tip, that may help, BOGOs are a good icebreaker. My neighbors always share their harvest. I receive produce, fruit, baked goods, almost weekly. I didn't have a garden. So when I shopped I took advantage of the buy one, get one free, deals.

I give the free item to my neighbor. Shopping at Sam's and Costco, items are usually packaged with two to three items, I share those also.

With several of my neighbors stone soup in some form is cooked up at least once a week.

Get used to working with your community while you don't need to, so it will be there to support you when you will need them.

It is very easy once you have built the relationships.

Yep. I’ve been talking forever on here about the Marxist plan to abolish private property. But what’s happened is that it’s not as clean cut as it sounds. I read somewhere a long time ago that the Rothschilds commissioned Karl Marx to write the Communist Manifesto. Prof Antony Sutton wrote that the New World Order is “neither right nor left” but a synthesis of the conflict of opposites in Hegelian Dialectic. Remember that Marxism is steeped in dialectical materialism. The elites plan to run everything with the selves as the landlords of the world, with themselves as the owners of everything whine everyone else is a useless eater or a useful tool.
I also did sone research this past year, and discovered that along with some socialist land management deals, some big wheeler dealer guys whose names we all know are involved in the manufactured housing industry. Maybe I will post more on that but it’s late tonight.
Ok I decided to post one article I had found earlier in the year. publicintegrity.org...

a reply to: dandandat2

To be clear; preparing for the change doesn't have to conflict with trying to stop it. Both sets of actions can be carried out.

All due respect, I don’t think the Scots “prepared” when the English took their wives in the “right of first night”, they went to war.

originally posted by: KKLOCO
This is what they mean by “You will own nothing and be happy”.

this quote is typically (even here in this very thread) framed as a failure of or tendency toward socialism. but it is quite clearly a feature of capitalism with a note that YOU are not the capitalist.

we wish to demonize the bankers but i think that most people, if given the opportunity, would happily sit upon thier own pile of money and push the peasants out of their homes.

capitalism sucks.

JPMorgan to spend $1 billion rental homes across the US on the way to becoming a megalandlord

Shouldn't megalandlord just be slum land lord with Fannie Mae and Freddy Mac guarantee JPM never loses a dime?

a reply to: tgidkp

Good day.

Please consider checking your U2U's when you have a few minutes.

originally posted by: tgidkp

originally posted by: KKLOCO
This is what they mean by “You will own nothing and be happy”.

this quote is typically (even here in this very thread) framed as a failure of or tendency toward socialism. but it is quite clearly a feature of capitalism with a note that YOU are not the capitalist.

we wish to demonize the bankers but i think that most people, if given the opportunity, would happily sit upon thier own pile of money and push the peasants out of their homes.

capitalism sucks.

And that is exactly how we got here.

The peasant hates the wealthy, because he has lived under the weight of his greed and selfishness.

Yet when given the opportunity to do better, when they join their ranks, he does the same thing he once hated them for.

I don't believe those people forget where they came from, if they did, they would not try so hard to hide it.

The lure of fame often causes people to do ugly things to ride to that precipice. Things so ugly that they can never look back.

That is why many can never go home again.

This stuff is happening in Australia its Gentrification.
Been noticing it more and more.
The people they push out usually are the ones that make the area livable they work in the hospitably, food delivery, sectors.
they put the rents high and these people leave or become homeless. I believe they are lobbying to let kids work at 13 now.
there is staff shortages but I think there is more to this the staff they need probably become homeless and pushed out of the community. Now they have worked out the kids that are left living with parents could probably overcome their problem of no staff.
Its all deliberate.
My regional town in Tasmania rents are soaring up 27% to 40% due to greedy out of state landlords. believing high rents make high property prices. in future 2 - 3 generations from now no ones not going to own any human basic right.

a reply to: amraks

Serious question - do you have many people living out of their cars in Australia? Reason I ask is it's becoming more common here in the US now.