The Beginning of the End

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Roy14

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https://mobile.twitter.com/APhilosophae/status/1402440093072343043

Twitter link to a thread detailing investment groups buying up homes well above market value at an astounding rate to turn them into single family rentals. Other than being a sign that those “in the know” are parking their wealth far away from the stock market into tangible assets, it’ll turn the majority of the middle class into nothing more than modern sharecroppers, giving their little bit of income back to those they work for, never building any wealth.
 

Revolvers4Life

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Land is a great investment. There is only a finite amount of land on this earth, if you are selective about what you buy, the location, the resources on the land its a great way to build wealth and get an ROI
 

jakeman

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They've actually been doing this for years, and it's quite profitable.

I think I've told this story here previously, but I know an independent builder that builds between 75-100 houses a year. He get's a flat fee for each house, and does pretty well for himself. He works for three different "investment groups". One is based out of the Silicone Valley, one in NYC and one in Chicago. They don't develop any neighborhoods, like RC, Ideal or Horton. They buy lots by the dozens in new neighborhoods, build pretty nice 3 & 4 bedroom homes with the intent to lease to mostly young people/couples with nice jobs, but no money for a dwn pmt and no credit history. They hold them for a few years (before the first maintenance cycles) and then they sell them. They use local real estate and property managers to manage, maintain and sell them. They don't hold on to or buy older homes. Just new.

He's been doing this for a dozen years or more. Mostly in Edmond, Yukon and Mustang. He says they are getting filthy rich off of the deal, which they were already, but you get the idea.
 

ForsakenConservative

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Many years ago, a man named Charles Payne said that by the time we minions hear what the big investors are doing, they have already moved on because they have gathered all the profits to be had in any given investment scheme. I thought it was a keen observation then, and I would argue it might apply here. So many people are rushing into the market now, prices for homes and materials are absurd. All this makes me think we’re poised for a “bubble break”. What’s next? I wish I knew, but I’m certain Soros, Bumberg and Gates are all over it.
 

Roy14

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Many years ago, a man named Charles Payne said that by the time we minions hear what the big investors are doing, they have already moved on because they have gathered all the profits to be had in any given investment scheme. I thought it was a keen observation then, and I would argue it might apply here. So many people are rushing into the market now, prices for homes and materials are absurd. All this makes me think we’re poised for a “bubble break”. What’s next? I wish I knew, but I’m certain Soros, Bumberg and Gates are all over it.
I’d imagine you are correct. I’m concerned with the ramifications of this. I don’t know if the bubble will be the stock market and inflation will continue to push prices up in real estate or if both will collapse. I know people have said this for years, but I don’t see how this could continue much longer. The Grear Depression ushered in socialism under FDR, what will this bring now that we are already held by the throat?
 

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