Bryant Castaneda: foreign investment = importing back the inflation we exported for free
http://econbrowser.com/archives/2013/04/who_is_holding
Get ready for record high immigration targets with all the locals being pushed out of the housing and employment markets.... Oh nevermind that's already happening
Took a drive in my grandma's old neighborhood the other day. Ten years ago it was all old white people working in spacious gardens. Now it's all spics and middle easterners with 17 cars parked on the curb and on the grass.
the report outlines is that the U.S. anti-money laundering regime is focused on residential purchases, when a significant portion of the cases GFI reviewed involve commercial real estate transactions. ‘Investment vehicles are one of the key methods in which to invest in commercial real estate in this country,’ Kumar said. ‘And private equity, venture capital [and] hedge funds have no [anti-money laundering] requirements — so that becomes a black box, because you don’t know who is bringing what money into this country and how
Monika Klein: it goes back to Nixon. China has been fueling our credit ever since we transferred our industries/jobs/wealth to them and got off the gold standard.
We give them our industries and export our inflation (created by the Fed printing money).
The chinese extend us credit that they got from the funds we gave them, we use it to buy chinese widgets (that we gave them and we once made), they use their profit to extend us more credit, and the feedback continues until it doesn't.
Daren Warren: We export our inflation to foreigns, and then import the inflation back thru asset bubbles, along with the migrants
India makes trade deals with looser immigration controls as a condition. this allows indians invade other countries
Wages for skilled labor tank. Back in the 80's, framers made a great living, and they were all WHITE, but with the immigration factor, framing and drywall work now days, is a low skill / wage paying job. Not saying there is not skill required, I am saying that there is a glut of people to do it and it is not as skilled as electrical or plumbing.
Dr. Schneerson: The Fed gives ppl in foreign countries billions in free money so they buy up our houses all in cash they received from the Fed
The end of the Fed's monetary easing/money-printing devastated the periphery emerging-market economies, forcing capital to flee to safe havens such as US real estate. As China and the emerging economies that had boomed as Fed money poured into their economies rolled over, those who had accumulated the Fed's free money fortunes rushed to transfer their ill-gotten wealth into safe havens such as the US
This dynamic has fueled a vast all-cash housing trade in areas favored by foreign capital: NY, Miami, California, Seattle, Australia, Vancouver, etc.
My mom has these weird Indian neighbors that just moved in she says she can easily hear 10 of them in there in an apartment meant for 4. Multiply this situation by God knows how many times and this is definitely a sellers market and will never change until cuck shed become more popular
Esther Hassler: When our entire industries went off to Asia they told us we'd be a 'smart soy' economy. We're just a bitch whore economy.
billions swarming our real estate is how we get back some of the money we gave them to buy the things they make that we once made. It is called trade.
and once they've bought our estate we can buy it back for 1000 times as much.
real smart.
Eli Izrailov: the west imported the poverty of the 3rd world, while exporting the wealth of the 1st world
Except they get our land and permanent residency in our countries and we get heroin, meth, and disposable plastic china crap that breaks in a few years and ends up in a landfill.
also they buy up our farms and export the meat to china so they get the profits and meat and we get the pollution.
Harry: >we give them our exported inflation, houses, businesses, jobs, country, and land
>they give us heroin, fent, coronavirus,meth, phones and dragon dildos
What a trade!
Jerry Sternberg: Its called Mass Immigration. A bubble only bursts if demand decreases and they control that faucet at will.
America effectively stopped migration from Mexico and China during the (First) Gilded Age and severally restricted European migration. The result was extremely high wealth equality and social mobility. Even with Jim Crow and horrific descrimination, the black white wealth gap was smaller then.
Civil rights happened and affirmative action was enshrined in law. Even blacks were doing better.
This was of course, a sign of a LABOR SHORTAGE. The flood gates were forced open. Pew, not a conservative group, estimates the US population would be ~200 million today without immigration reform in the 60s and massive illegal immigration being tacitly allowed for 40 years. By 2050, 60% of America will be foreign or second generation. Almost all from the developing world. No wonder inequality soared right?
Stopping immigration is easier but elites want rents high and wages low. Natives in the West are divided from working and middle class migrants on cultural lines. Migrants think having their kinfolk swarm the state will make them live as conquerers, controlling the state.
The monetary supply of the currencies houses are valued have increased faster than housing supply.
https://fred.stlouisfed.org/series/BOGMBASE
it's a massive problem. countries like ours exported our secure note technology to some fucking shady countries, and bribes were involved to make it happen. nobody is quite sure how secure these notes are anymore, and apparently copies are out there that fool people all the time but quite inferior, sometimes made out of paper instead of polymer.
There's a reason why the Federal Reserve has refused to make American money secure. Iran, North Korea and China are experts at making "superbills", counterfeit money that is so good it will fool most people.
Textbook definition of inflation is an increase of the money supply. When the Printers go "burrrrrrrrrr" that money goes offshore to buy goods in other countries. "Exporting Inflation".
Sadly, people with cash to spend at sheriff sales consist of the following:
>drug dealing spics with huge amounts of cash they have to get rid of
>literal Israeli Jews with more cash than a bank can print
>Chinese/Poos with an auditorium full of bidders on the phone
>hedge funds and massive CRE reits and conglomerates
Because we traded American jobs to China for a never-ending supply of Fentanyl
We wouldn't need to without mass immigration. There wouldn't be a housing shortage had we not massively increased the population over the last 20+ years, boomers wouldn't have made hundreds of thousands on their homes, and house and rental prices would still be reasonable.
https://i.4pcdn.org/pol/1597184802487.jpg
They'll try and ramp up immigration. People like Glenn Beck want 1+ billion people in the US. Third worlders don't mind living 12 people to a house.
it will be bought up and replaced with the cheapest possible apartments to squeeze both the residual native population and the infinity 3rd worlders being imported.
That's why your overlords want more immigrant. If the population keeps growing, real estate can't crash.
There are so many investors now it doesn’t matter. Houses are being bought in cash by the upper middle class and rented out. As the dems let more 3rd worlders pour in the more you’ll get priced out. When my mother moved to a retirement community her house was bought by 3 families who didn’t speak English. You’ll never make enough to beat them or investors out when boomers start to sell in mass.
Kris Shindler: It is not unheard of for 20 asiatics to be living in a one bedroom apartment, and making bath cheese to boot.
Don’t forget the garage; a family or two can easily (and willingly) be stuffed in the garage
a large cause of the homeless problem is the lack of cheap flop houses, SRO hotels & just plain greed.
look around you. observe. THINK. how did this happen?
what is different today vs. 20-30 years ago?
the huge amount of illegals flooding into the country, who will happily accept living conditions that are appalling to 1st world residents. 4 families to a crappy residence? yes please & thank you sir, may I have another?
Kris Shindler: Due to US military, economic, and political power much of the international trade is now based in dollars, so the petro dollar is now primarily backed by international trade and US military power, but oil is still a significant part. Due to the exponential increase in digital dollars faith in the dollar is now in question, so to give the appearance there is sufficient confidence and credit to back the dollar the Federal Reserve is buying stocks and bonds to keep those markets from collapsing, but also is buying all housing and the mortgages (mortgage backed securities (MBS)) to keep the housing market inflated. From the Fed's perspective its better to drive the housing prices up and deny average citizens a home than to allow the prices to fall and cause defaults in the MBS market which brings questions about the stability of the US dollar. The real estate market (residential, commercial, industrial, agricultural, and federal and state land (and all the natural resources like oil, water, metals, lumber) is all that is left to assure other governments the US has something to back the dollar (in addition to military power) because all the US manufacturing is gone. First there was the REPO crisis where REPO hit $1 trillion, then reverse REPO exploded and hit $1 trillion, now about $1.4 trillion, the Fed is creating all sorts of new programs, facilities, gimmicks, to try to keep the game going, but there can be no stopping the money printing and only exponential increases.
Kris Shindler: https://archive.4plebs.org/dl/pol/image/1619/14/1619140257309.png
Like shit bro. I've been bidding on houses and these open houses have like 30 spic cockroaches in teams of 3-4 looking to buy only to both be outbid by corporate investors like (((BlackRock))). My wife and I are trying to do the whole have kids in a good school district American dream bit but we don't want to overpay for a house at the top of the market. Now we're getting fucked in the ass having to delay our dreams. I'm wondering what the fuck is the point of being American in the first place. I have resentment for the boomer generation, I have resentment for all the immigrants, I have resentment for my parents and inlaws and globalism
Kris Shindler: Woah its like more immigration for ugly poop people becomes more demand for housing....$$$$
Our future was sold to Mexico, India, and china for trinkets and mass migration all for pointless and cheap consumer goods that benefitted the current generation in the here and now.
Globalisation and globohomos in general. The factories were taken to 3rd world countries, and the jobs went with it. Now the modern society expects everyone to work as waiters in restaurants or as consultants in computer firms
Year after year of mass immigration to prop up housing markets and banks, predatory lending, fed pumping and inflation, politicians and big corporations selling out and outsourcing jobs for profit, automation, watered down education and meme degrees, degeneracy and feminism.
It's ALMOST as if importing 70 million slave wage illegals hurt the value of labor and raised the value of housing
Housing is propped up by immigration. Commies blame landlords but in reality it is rich foreigners flooding the market. Mostly Chinese. It's what makes me think NA politicians are already completely bought out by China, they seem to be enthusiastically denying their citizens of the ability to purchase a house and start a family by flooding our countries with immigrants. My best guess is that China is trying to alienate white people in their own countries so they'll be able to poach the talent, then let the empires crumble without needing to so much as lift a finger. Turns out all you need to do to destroy a country is buy politicians and convince the NPCs the allowing mass immigration of low skilled, low IQ people is their duty.
The answer is no. Not until there is some kind of cataclysm. We're in the transition from good times to hard times. What will the outcome be? Who fuckin knows.
In the 1970s, there was an adequate supply of affordable units for every low-income household that needed one — and we really didn’t have homelessness,
Harry: You would be surprised. It is common for 20 indians to live in a house together. Their cost of living becomes so low that when they return to india they live like kings or have funded investments back home. I have seen so many normal indian families where the dad is a GP save up by living in a one bedroom apartment, then buying a house. Only to rent out every room. They normally bring over people to work for them as slaves, most meal delivery and restaurant workers you will meet are basically slaves.
Man even the Chinese ship people to western countries to be beggars.
money isn't real anon, your government prints it and gives it out to people who's products and concepts align with things the government wants to move in a positive direction.
if you're not getting enough money, you're not doing something your government cares about and your government does not care about you.
That's literally it, that's the entire fucking game.
Harry: Its all ready happening. Just look at a lot of,the homeless camps around san fran. Its whites in those camps.
House flipper reporting in. Southern California. Buy foreclosures at auction
Can't confirm that it's Black Rock specifically, but at a typical auction, there is a mix of mostly career small scale buyers, some individuals looking to buy a house for themselves, and a handful of large companies (ReMax, Century21, etc.).
Generally speaking, nobody, not even the large companies would bring more than 2-3 million to auction. The reason being is that while there are dozens of properties going to sale, only a small handful are worth buying. So, even on a great day where you win the bid on everything you wanted to bid on, you will never spend more than a few million even on multiple properties. As a result, nobody brings more than a few million. It would tie up money needlessly to have cashiers checks written for them.
However, since the last year or so, there have been (mostly) chinese buyers who show up with 100-200 million. They buy absolutely everything, from retail to residential homes regardless of location or value. And theyd buy them at over market value, which is absurd for an auction, as they typically sell for at most 50% avm, with the caveat that they probably need a few tens of thousands worth of repairs.
Nobody can compete with them. Even if everyone at auction including the corporate representatives pooled all our money to out bid them, we'd lose. There is no profit to be made in what they're doing.
It is mostly chinese/indians from what I have seen. Str8 outta china as well. Barely speak english, and heard from the grapevine from an auction regular who did evictions for them once, apparently the way they handled evictions was showing up to the purchased property and banging on the door telling the occupants to get out.
Clearly, they aren't just chinks who came over for real estate work. They have no idea how the process works outside of buying them. Popular theory around here is that they're funded by the CCP.
Let me give you an inside perspective on exactly how fucked we are when it comes to real estate. It is not only the jews, but the chinese that are responsible for the exorbitant real estate prices you see in the states. I hear this is also an issue in Australia and most of Europe, but I don't live there. I'm speaking solely for the west coast US.
This in itself is not news; I'm sure you've heard this before. But, you likely haven't seen the exact method by which they do this, which is what I am going to explain.
I flip houses for a living. Specifically foreclosures. These are properties that, for whatever reason, have been foreclosed upon. Whether there was a death of the owner, mortgage wasn't paid, didn't pay their taxes, etc etc. Whatever the reason might be, the house was foreclosed, and the bank repossessed it. Not physically, in most cases. Usually it's still occupied by the time someone like me comes around and buys it; the bank just removes the previous owner's name from the deed, basically.
They are then sold at a trustee's sale typically at the city hall of one of the cities within the county that the home in question is located in. All foreclosures within that county are sold at the same place. I am a fairly small time flipper. I typically don't have more than $1M on me at any given time. Peanuts in the real estate market. Especially in California. The people I bid against are usually rich boomers, or representatives of rich boomers. The other crowd of people I bid against are mega-corp style property management firms such as ReMax. Both parties will usually not bring more than 2-3 million to any one auction. The reason for this is everyone, from the small independent investor, to the giant companies only bid on a few properties of the dozens that sell on any given day. The reason for that is because only a few out of the dozens will meet whatever criteria they are looking for. location, evaluation, market, etc etc
So it is not worth bringing the tens of millions they could spend, because there just isn't enough properties that are worth going on. Both the rich boomer independent types, and the corporations are there for a specific property.
The Chinese on the other hand, bring on average 80,000,000-100,000,000. And they bid on everything. Regardless of location. Regardless of profitability. Regardless of condition. Many of the properties they buy are straight up in the red. I saw one sell once that was upsidedown to the tune of $300,000.
Nobody can bid against them. Even if all 20-30 of us who show up every day pooled all of our money all at once to outbid them, we would lose. The Chinese have infinite money to bring to bear, because they are funded by the CCP. Nobody. Not even ReMax, or Century 21, or Coldwell brings even close to the amount of money that the Chinese do. And they have never lost. No property that the Chinese have ever bid on, have they lost. It's gotten so bad that most people just go home if they see a chink at auction. There's just no point. They have no limit to their spending. They will outbid you.
This has always been happening. But it's ramped up significantly in the last few years. I see them at every auction. Buying each and every single property that goes up. I don't know how many theyve bought, but at the rate they buy them, it's in the hundreds of thousands of acres worth of land. That is JUST within the four counties of Southern California. God knows how many more in other states.
The CCP is buying US land at an alarming rate. I would not be surprised if 25% of all land in the US is owned by China. This is extremely bad, because land is a finite commodity. There can be no more made. Once it's sold, it's sold. And China holds a huge amount of it.
This is all legal as well, as there are no laws stopping them from doing this. And the banks are all too happy to let them do it at the inflated price they buy them for.
The Party has concluded that the house price spiral is triply corrosive: it is a financial black hole; it is the chief cause of cancerous inequality; and it is a strategic threat through the demographic channel. E-house China Research says the ratio of prices to average incomes in Shenzhen has reached 43.5. Top party officials have been sacked for allowing this to happen. Local government bosses everywhere now know that they will be punished for property booms and rewarded for austerity
he Chinese economy has been suffering from excessive non-financial corporate debt for a long time,’ said Tianlei Huang, a research fellow at the Peterson Institute for International Economics. ‘As a result, China has a serious zombie problem. Across the country, there are probably tens of thousands zombie firms that are persistently making losses but kept alive only by continuous bank credit and government subsidies.
http://www.voanews.com/east-asia-pacific/highly-indebted-chinese-companies-pose-challenge-beijing
Harry: I agree with you that the lack of stability with jobs is really bad. The younger generations are not getting Big Corp. Employers that are treating employees the way they should be treated. Its just pathetic to me compared to how it was in 1945 to 1980 in the US. That is what the Globalist Monopoly system set up, as they gutted US manufacturing and jobs.
I’m a big proponent of the US going back to what made the US prosperous for all sectors . Globalism is their rigged game.
Yes goy, you see ngubu and jose nneed housing too. So the onlyoption is to turn your entire ccountry into concrete
This is my favorite counter. For every labor replacement unit that comes to America illegally, the dreams of a socialist country get crushed.
Don't forget banks handing out loans willy-nilly to the immigrants to crank up the demand.
Harry: I've discovered a massive conspiracy. It's about (((Blackrock))) and (((Vanguard))) buying up millions of houses lately. They're doing it in my city, Roanoke VA. Entire neighborhoods at once, mostly hidden neighborhoods of fancy houses that most Americans couldn't afford. But here's the kicker... All these fancy houses have been reoccupied... By Mexicans who dont even speak english. I doordash which means i see the entire city and have a deeper observation of whats happening in it. Entire upper class neighborhoods of hundreds of houses per neighborhood being intentionally filled with nothing but Mexicans. The average American could not afford one of these houses.
I believe Blackrock is cooperating with the "Endgame" currently being played out (covid, vaccines, depopulation etc) and their role is to flood America with as many illegals as possible with free housing and money to replace Americans at a rate never before seen, using free Federal Reserve money the Fed prints for them, all while nobody notices we are being replaced rapidly now for their endgame. Within 2 years my city will be entirely Mexican.
Harry: When the Chinese question is settled, we can discuss whether it would be better to hang, shoot, or cut the capitalists to pieces. In six months we will have 50,000 men ready to go out ... and if 'John' [the Chinese] don't leave here, we will drive him and his aborts [sic] into the sea ... We are ready to do it ... If the ballot fails, we are ready to use the bullet
denouncing Chinese immigrants as the cause of white workers' economic woes
https://en.wikipedia.org/wiki/Denis_Kearney
The Globe and Mail: “An internal Canada Revenue Agency audit concluded 25 years ago that wealthy new immigrants were buying up most of the priciest houses taken from a sample in and around Vancouver while declaring poverty on their tax returns. But the report was not made public until a five-year access-to-information battle concluded recently.”
“Housing and immigration academics say the study could have warned the public about the scale of foreign money being parked in Metro Vancouver’s residential real estate – decades before the provincial government began taking meaningful action to slow this trend. Vancouver lawyer Richard Kurland, who has been helping international clients immigrate to B.C. for 25 years, said the analysis proves the CRA failed to catch those hiding their global income while competing for homes on Canada’s West Coast.”
“‘They knew it was happening and did nothing, so the bleeding continued, taxes were not paid, property was subject to speculation and the end result [is] people in Vancouver are paying many more times than they have to for residential property because the CRA did nothing when it was warned by its own employees about what was going on,’ he said.
Sam:
it's a right-wing, capitalist plan by our elites to abolish private property and return us to feudalism. but retards thinks it's "a communist plot" because they're simultaneously against climate change and many of them are democrats.
BTW FYI if it were a "communist plot" they would be giving you land, not taking it away from you.
You will own nothing and be happy is also the result of inflation. You will have to rent everything, just like you have a phone subscription, a lease car and probably a rental house
This crazy bubble runup in U.S., and now international, home prices has occurred a total of twice going back to 1890 or so: First from circa 1997 through 2007, then from 2012 through 2021.
Both episodes are the result of deliberate government intervention to use subsidies, abolition of traditional lending standards, and Ponzi finance to massively stimulate demand to manic levels, driving prices skyward to unprecedented heights. Both were enabled by central bank expansion of its traditional mandate into housing market intervention and stimulus, through ever lower rates and Quantitative Easing to fund MBS purchases.
Both of the twin bubble episodes are destined to end in tears, footstamping, and bailouts.
The Globe and Mail:
Fix the borders, fix immigration, fix demand and then we can talk about supply. You can't throw away economic principles and then pretend the theory itself is "evil".
It's also caused by mass immigration.
For example, 100 million people were to die in the US tomorrow, houses would suddenly be really cheap since the supply would outpace demand by a huge margin.
The fact that immigrants are flooding in faster than new houses can be built means that buying a home is essentially a risk free purchase. It's basically a sure thing that no matter what house you buy, people are going to want to live there, and so you can rent it out for certain.
This creates an environment where the value of homes is sure to rise as people buy more and more of them to take advantage of the market. The whole process is driven by mass immigration. You're just focusing on the endpoint without considering the cause.
you do realize without the immigrant demand no one would buy those properties, right. fucking retard
News.com.au:
The outlook for first home buyers is looking ‘pretty bleak’ and much will depend on how Australia handles its border re-opening. ‘A lot depends on immigration levels and how quickly they come back but the big factor driving prices — interest rates — has done its dash and is probably over,’ said AMP Capital chief economist Shane Oliver.”
The Globe and Mail:
How come hyperinflation is perfectly tenable when it comes to the housing market but when a kilo of bananas rises by 20c, every man and his dog starts shrieking doomsday armageddon end times vuvuzela iphone 100 million dead bottom text?
The Globe and Mail:
>mass deportation of immigrants is not a realistic solution
If mass importation was possible then why not mass deportation?
Arm the homeless and bus them into rich neighborhoods. If they want a house so bad they can take one the old fashioned way.