Comments by "Gorilla Disco" (@gorilladisco9108) on "“BlackRock Is The Problem!” - The SHOCKING Reason Why Gen Z Can’t Buy Homes" video.

It's not Blackrock's fault to buy houses. They only response to the market. If the AI says, "Buying houses is hot right now", Blackrock will buy houses. If the action drive up house prices, then it's virtuous circle for the AI prediction. The blame should be aimed at the government. Their building restrictions are the cause of AI say, "Buying houses is hot right now". If the building restriction is eased, or better still, erased, then the price of houses will plummet, and with the AI shout in panic, "Sell! Sell! Sell!", Blackrock will sell houses in their inventories instead of buying houses. Government, is the problem. As always.
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PBD should invites Thomas Sowell. He will explain that the root of the problem is not what PBD think it is.
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By eliminating building restrictions, there will be huge increase in new houses. And real estate prices will go down. The question is, why do the government keep building restriction in effect?
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It all happened because too much government meddling. If you really concern about the situation, vote for lawmakers who will erase building restrictions. Building restriction is the very root of the situation. Companies made profit from it through constantly small supply against ever increasing demand. And they use some of the profit to make sure the building restrictions are still in the book. It's their virtuous cycle for them and vicious cycle for you.
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That is what I think too. To think that it's corporation's fault for skyrocketing house price is to fall into socialism propaganda trap. Sadly, that's what PBD does in this video.
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One of the trick they use is "fixed interest rate" for some years. Guess what? That "fixed interest rate" is nothing but "You pay our fee for delaying the implementation of actual interest rate". Your payment toward actual house price is only 0.001% of the money you send to them during that time. The actual payment toward the house is when the "fixed interest rate" period is over. Then you start to actually pay for it. Of course, with actual interest rate applied, which is far higher that that "fixed interest rate". It's all bait and switch, if you don't read the fine prints.
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Corporations are not the problem. Government is the problem, especially their building restrictions. If building restrictions is eased, or erased, there will be huge increase in houses supply, and with supply-demand balance tips to supply, houses price will go down. The question is, why then, that the government insists to keep building restrictions in place?
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There are several things work to suppress youngsters ability to buy home - minimum wage law - substandard education - building restriction
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@JefAlanLong And why government can do that? Oh, yes. Socialism. Socialism is not only allow government to meddle, it instruct government to meddle. In a real deal capitalism, no matter how much the banks strained themselves, they can't make government to meddle, because government is NOT ALLOWED to meddle.
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@basenvy I prefer Black Brick 🤪
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@somindlesssmedia Since 2008? Nah. Since 1980s. If anything, 2008 was a hiccup in the ongoing process. If you are interested, the video link at the bottom is from ABC (Australia Broadcasting Corp., not the American one). It talks about high housing prices, and that it has already happened since four decades ago in Australia. The problem is not, as PBD thought it is, caused by Blackrock, which is very recent and restricted to USA. The problem has already decades long, and it's global. The video points the blame on NIMBY (Not In My Back Yard) regulation, where homeowners (neighbors) has a say in the permit for building new houses. It then compares with the situation in Japan with other countries who have the same problem. But then Japan eased/erased the NIMBY requirements in house building, and poof, the problem disappear. https://www.youtube.com/watch?v=R5pPcV54kiQ
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@robertsearcy7397 Which is why it won't work.
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PBD should invites Thomas Sowell. He will explain that the root of the problem is not what PBD think it is.
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@PreciousMemoryBook He's a libertarian. And although he may hates Blackrock, he will point his finger straight to government. I bet my lunch for it.
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@PreciousMemoryBook I don't think Thomas Sowell is in any party. But his ideology (the way he analyzed problems) is libertarian. BTW, if you are interested, the video on the bottom is from ABC (Australia Broadcasting Corp., not the American one). It talks about high housing prices, and that it has already happened since four decades ago in Australia. The problem is not, as PBD thought it is, caused by Blackrock, which is very recent and restricted to USA. The problem has already decades long, and it's global. The video points the blame on NIMBY (Not In My Back Yard) regulation, where homeowners (neighbors) has a say in the permit for building new houses. It then compares with the situation in Japan with other countries who have the same problem. But then Japan eased/erased the NIMBY requirements in house building, and poof, the problem disappear. https://www.youtube.com/watch?v=R5pPcV54kiQ
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Actually thinking that Blackrock is responsible for high house prices is thinking inside a trap inside the box. If PBD invites Thomas Sowell to his podcast, Sowell will explain why Blackrock is not significant variable in the equation. Sadly Sowell is retired now, so the chance of him comes to the podcast is slim.
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That won't help. If anything, the current houses will be converted into another purpose, further reducing houses supply and further increase houses price. What you need is to erase government building restrictions. It will increase houses supply and decrease houses price. Even better, the AI at Blackrock's headquarter will shout in panic, "Sell! Sell! Sell!", further push the houses price down. To say, "Stop allowing Blackrock and the others to buy up the homes," is to fall into socialism propaganda trap. As evil Blackrock can be, the root cause is government building restriction. Government, is the problem. As always.
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It seems youtube deleted my comment. Let me type it again. Blackrosk is not a significant variable in housing price. They are opportunist. If housing prices is hot, they will buy. If housing prices is cold, they will sell. As Thomas Sowell already pointed out for several decades now, it's the government building restrictions that contribute to high housing prices. It constricted the supply. Even without Blackrock, housing prices would go up at similar pace, because while supply is reduced, people breed, hence increase of demand. Blackrock role is in exacerbate the situation. But ease or erase government building restrictions, and Blackrock will stay away from housing market. But America is experiencing depopulation! True. However, it's one or two decades away before it finally happens. IIRC, Japan already got USA population numbers four decades ago. And their population finally down a few years ago. Depopulation doesn't happen overnight (except by a massive catastrophe). And don't forget the tens of millions illegal immigrants. They also add up to the housing demands.
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@sevensages5279 If you are interested, the video on the bottom is from ABC (the Australian one, not the American). It talks about high housing prices, and that it already happened four decades ago. So the problem is not, as PBD thought it is, caused by Blackrock, which is very recent. The video point the blame on NIMBY (Not In My Back Yard), where homeowners propose laws to restrict building new houses. It then compare with the situation in Japan who has the same problem but finally eased/erased the NIMBY requirements in house building, and poof, the problem disappear. https://www.youtube.com/watch?v=R5pPcV54kiQ
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Guess what? Corporations will stop buying houses if the price is down. How? By eliminating government building restrictions. With that, houses supply will increase, and as the law of supply and demand dictate, the prices will go down and corporation will stop buying houses. Increase their taxes is what Thomas Sowell call "only think about stage one". Corporations will pass those tax increase to the renters, make renters pay more. Vote for lawmakers who will eliminate those restrictions. Government, is the problem. As always.
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@funsharx How to end it, is important. If you do it in socialism way, you only make it worse. Even if Blackrock and the like are forbidden from housing market, housing prices will still climb up. As Thomas Sowell said for decades, the problem is in government building restriction. If you are interested, the video on the bottom is from ABC (Australia Broadcasting Corp.). It talks about high housing prices, and that it already happened four decades ago. The problem is not, as PBD thought it is, caused by Blackrock, which is very recent and restricted to USA. The problem has already decades long, and global. The video points the blame on NIMBY (Not In My Back Yard) regulation, where homeowners (neighbors) has a say in the permit for building new houses. It then compare with the situation in Japan with other countries who has the same problem. But then Japan eased/erased the NIMBY requirements in house building, and poof, the problem disappear. https://www.youtube.com/watch?v=R5pPcV54kiQ
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There are building restrictions, and California is notorious for it. Only deep pocketed companies can afford to jump all the loop and hoop to get permit to build house in California. Which mean the richer getting richer and the poor getting poorer. The hallmark of socialism.
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@sevensages5279 Inflation is like toothpaste. Once it's out of the tube, it's a pain to put it back in. That being said, the majority of housing prices (not food, btw) is caused by government regulations. Ease/erase it, and the price will go down. On the other hand, the food price can only go down if the government goes to deflation mode. Or there's technology that can double food production overnight. Yeah, it's a pipe dream for that one.
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@tonym6193 Even if it's true, you can't find the counter, aren't you? So you resort to ad hominem. Typical socialist. 😏
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@tonym6193 Oooo ... ad hominem. Very legit. Much brain. Many smort. Wow!
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Wait .. there is Hollywood in Florida? 😳
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It's not their fault. If you blame corporate investing in residential properties, then you already fall into socialist propaganda. What make high houses price is the government, especially the part about building restriction. It constricts the supply of houses, and with almost no new house to supply the ever increasing demand, sure enough the houses price will reach new height each year. It's not corporation's fault to buy houses. They only response to the market. If their AI says, "Buying houses is hot right now", corporations will buy houses. If the action drive up house prices, then it's virtuous cycle for the AI prediction. If the building restriction is eased, or better still, erased, then the price of houses will plummet, and with the AI shouts in panic, "Sell! Sell! Sell!", corporations will sell houses in their inventories instead of buying houses. Government, is the problem. As always.
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@dms79 Government meddle is the root cause of monopoly. And yes, government meddle is what Marxism wants.
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In socialism, the rich getting richer and the poor getting poorer. 😌
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You have fallen to socialism propaganda trap. If PBD invites Thomas Sowell to his podcast, Sowell will explain why Blackrock is not significant variable in the equation. Sadly Sowell is retired now, so the chance of him comes to the podcast is slim.
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@hotmess9640 As I said, vote for lawmakers who will get rid of government restriction. If you are interested, the video on the bottom is from ABC (the Australian one, not the American). It talks about high housing prices, and that it already happened four decades ago. So the problem is not, as PBD thought it is, caused by Blackrock, which is very recent and not restricted to USA. The video point the blame on NIMBY (Not In My Back Yard), where homeowners propose laws to restrict building new houses. It then compare with the situation in Japan with other countries who has the same problem, where Japan finally eased/erased the NIMBY requirements in house building, and poof, the problem disappear. https://www.youtube.com/watch?v=R5pPcV54kiQ
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Your proposal will stop building of new houses. Old houses will be converted into park or commercial or industrial or whatever instead of residential. House supply will be reduced. House price will go up. As Thomas Sowell would like to say, "You must think beyond stage one." If PBD invites Thomas Sowell into his podcast, Sowell will explain why those investors (foreign and local) is not a significant variable in housing price hike equation. Government is, especially their building restrictions. Watch https://www.youtube.com/watch?v=ExgxwKnH8y4 about how difficult it is to build an apartment in San Francisco. If those kind of restrictions are eliminated, houses supply will be increased, houses price will be decreased. And Blackrock can try to gobble those new houses as many as they want, it will only serve to ruin their finances because without government building restrictions, new houses will be built whenever there are demands, whether from 20 years old looking for new home or Blackrock.
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Sleazy as they are, Blackrock is not the cause of the problem. Blackrock exploits the problem, sure. But the root cause of the problem is government building restrictions. And because of those restrictions, whatever AI being used in Blackrock's headquarter will shout excitedly, "Buy! Buy! Buy!", because the only trajectory is up. If government building restrictions is eased, or erased, there will be a glut of houses supply, the houses price will go down, and the AI will shout in panic, "Sell! Sell! Sell!" Government, is the problem. As always.
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