Comments by "" (@jmitterii2) on "Addressing the Blackrock/Vanguard Situation" video.

  1. REITs are a disaster to housing. And should be outlawed. They do the same thing back prior to the 1934, whereby many investors would gobble up land in various cities, especially during the 1800's and very early 1900's. Many surrounding towns, hence why there are surrounding towns and many of the capitols that were forming, are smaller, because the surrounding areas created their own townships with charter laws that outlawed the speculative nature of lots for sale. Keeping prices low and thus the lots were bought not by speculative stupidity and becoming unaffordable to essentially everyone, residents and employers alike, but kept them relatively affordable and thus they grew larger as a town while the capitol grew but slowly or just fizzled altogether and was moved to another town... Idaho... Lewiston, then moved far south to Boise. But then Boise started having the same land grab hording via speculative I want my goofy NFT cuz all the Paris Hilton's of the world are coming to town! So you have several, as you do in just about every major city in the US, other cities next to each other; all that chartered their property laws with anti speculative ordinances; limits on lots, requirements on development before even getting close to the max limit of lots per year or more, etc. REITs really are a disaster for everyone... including morons who bought some of these shares on them... as they're also levered to the tits.
    4
  2. What they do have is so much capital and access to leverage, is that they can move real-estate a lot. Both residential and commercial. Particularly residential that prior to 2000, residential property was and in many cases still are, just not as heavily in forced, to prevent speculative land hording limiting property purchases per entity/persons and affiliates until they sell other land as well as develop other land they're still hording and sell that developed land before buying more lots. CDO market along with investment money like Blackrock and Blackstone have injected lots of funny money leverage to the tits making the 2000 to 2008 CDO market induced insanity look like a mild boom bust thing.
    3
  3. The other problem with Vanguard and Block Rock; they own everything in foreign countries with less protections on their citizens. They're spooky outfit... and to boot, their funds for us peasants in the scam of the 2 centuries the 401K are very expensive and just flat out bad.
    1