General statistics
List of Youtube channels
Youtube commenter search
Distinguished comments
About
worn down
Real Estate Mindset
comments
Comments by "worn down" (@worndown8280) on "Investors Bought 50% of Homes" video.
Did you know in Blackrock's most recent earnings numbers the value of the assets they managed declined by 17%. All of these companies you are so worried about are going to have to liquidate assets to pay off investors in the near future. If you regulate them, not only will that still happen, which will hurt everyone's 401ks and pensions, but you will have another layer of intrusive ever further grasping government entity crushing Americans. Regulation doesnt work. It never has. It just keeps the little guy out while the big players drink tea with those in power. I am not sure how most people dont understand this now, especially after 2008 and the SEC.
1
I bet people wont be complaining when they get buys of a lifetime when housing declines in these markets. From the comments here I dont think people understand the real effects of regulating a market. It keeps the new people from joining, they cant break in due to the effects of the higher costs of regulation and that only crystalizes the power and control that the companies they dislike even more. The end result is less people who own a few rentals and more mega corps and hedge funds owning them. Its like people dont think beyond the first step. Only that the price is to high and not WHY the price is to high.
1
You wouldnt have needed any regulation if interest rates werent insanely low. The low interest rates caused this. Both this and the previous administrations did this.
1
It is really that simple.
1
You make an assumption that it is greed. Most rentals are mortgaged with short term ARMs that adjust, it creates a better ROI, which in most homes is about 4.5%. In the environment that we are in with fed rates, those rates are going to skyrocket. What is better a higher rental rate or a rental that goes into foreclosure and becomes bank owned and the renters are out on the street? Its not a moral question at this point. Its what kind and how much financial damage do we want to endure.
1
@lesabri you completely missed the point of my post.
1
that 3-5 years is back from the early 2000's today the median time an American lives in a home is around 13 years (2021). Even the average is at 8 years.
1