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Jun 10, 2021
9:31
:10
am
wannnacruise
All-American
Wife keeps saying the same thing if we ever sell our house
Would be really hard to turn down thousands of dollars extra - personally I'd just take the money and run.
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wannnacruise
Previous username
magical cow0
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wannnacruise
Joined
Aug 31, 2007
Last login
Sep 27, 2024
Total posts
5,509 (1 FO)
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Messages
Author
Time
Does it bother anyone else that BlackRock etc are purchasing residential homes?
Shore10
6/10/21 9:06am
Lots of foreign investors as well. The situation bothers me a lot.
JuicyJam
6/10/21 9:08am
This. A lot of Boston's prime real estate is owned by foreign investors. Nobody
Ironhide
6/10/21 9:11am
Some places like New Zealand have restrictions on foreigners buying property.
Shore10
6/10/21 9:11am
I think that’s pretty common in other countries. I’d be ok with it in the US too
Mike Honcho
6/10/21 9:14am
As well as citizenship.
panacablue
6/10/21 10:06am
An LLC offered on my home a few weeks ago
idacoug
6/10/21 9:22am
Shell corporations are evil. Hard to turn down the money I bet.
Shore10
6/10/21 9:30am
Good on you.
Mitty
6/10/21 10:13am
Why wouldn’t it be legal? You think there’s a law against buying houses?
GilaHank
6/10/21 9:09am
You don’t see how this could create an issue?
fredetteaboutit13
6/10/21 9:12am
Yes I do. “I’m not even sure this is legal” was the phrase I was responding to.
GilaHank
6/10/21 9:15am
"I'm not sure *how* this legal".
Shore10
6/10/21 9:37am
Yes but that doesn’t mean it should be illegal. Less government, not more please
lilpenny
6/10/21 9:24am
We have no separation anymore.
Shore10
6/10/21 9:38am
I prefer foreign corporations as my overlord instead of US government, thank you
Mitty
6/10/21 10:15am
Yeah cause that's what I'm comparing about. Someone buying a home.
Shore10
6/10/21 9:12am
Actually, that's exactly what you're talking about. So how would it be illegal?
CommodoreCoug
6/10/21 9:24am
Yep. Just a random person buying a home. Yep.
Shore10
6/10/21 9:27am
So how is BlackRock buying a house illegal?
CommodoreCoug
6/10/21 9:32am
It isn't. It's unethical.
Shore10
6/10/21 9:33am
Yeah, investment firm buying properties for investment. Just unthinkable
CommodoreCoug
6/10/21 9:38am
Seems very monopolistic.
Shore10
6/10/21 9:41am
BlackRock is developing a monopoly on the housing market? Wow
CommodoreCoug
6/10/21 9:48am
They aren't just buying properties. They are artificially driving up the prices.
Shore10
6/10/21 9:43am
There are much bigger forces driving up prices and BlackRock buying houses
Mtbcoug
6/10/21 11:33am
You're comparing the amount of real estate purchased the last 5 mo vs 12 yrs? ok
Shore10
6/10/21 11:44am
I’m comparing rates of purchases not aggregate.
Mtbcoug
6/10/21 11:50am
Does an all-time low inventory have any effect on this?
Shore10
6/10/21 11:53am
It isn't a conspiracy either.
Shore10
6/10/21 11:47am
I would also agree the FED keeping interest rates at all-time lows contribute.
Shore10
6/10/21 11:52am
The probably is nobody is offering up a valid solution. Limiting homes
cougcoug3
6/10/21 9:11am
I don't know what the solution would be either.
Shore10
6/10/21 9:48am
<< Deleted >>
cvd6262
6/10/21 9:12am
Seems like a pretty good hedge against inflation
Mike Honcho
6/10/21 9:18am
<< Deleted >>
cvd6262
6/10/21 9:20am
This was a hot topic for Japanese investors in the 80's and it went nowhere
Samuel Hall Society
6/10/21 9:12am
Yes, but I think the solution will be to build more houses. It’s kind of like
BNcoug
6/10/21 9:18am
This 100%. The government limiting the supply is what's so attractive to these investors.
KingDave
6/10/21 9:22am
Build more until it's no longer a good speculative play.
ReyOso
6/10/21 9:25am
Lumber is up hundreds of percent. Building isn't working for new buyers.
Shore10
6/10/21 9:29am
It’s interesting, my in-laws are selling there town home. They are adamant that
JohnnyC
6/10/21 9:20am
Wife keeps saying the same thing if we ever sell our house
wannnacruise
6/10/21 9:31am
money talks.
Mayor of Cougartown
6/10/21 9:36am
Not sure they have a say in who buys with fair housing regulations and privacy
Nat Gas Man
6/10/21 10:38am
Too low of rates for too long caused this.
JollyGreenGiant
6/10/21 9:21am
investors need risk and return. They're not getting it. looking elsewhere
Cougarclaw
6/10/21 9:31am
The FED should've raised rates. Also BlackRock and the FED are in bed 🤔
Shore10
6/10/21 9:32am
One solution could be higher rates, which would drive prices back down to
TailgateU
6/10/21 11:41am
Prices aren't going to drop because of inflation. You are correct.
Shore10
6/10/21 11:47am
As a renter wanting to buy, I'm not loving it. Can't blame anyone for responding
303coug
6/10/21 9:31am
If you were trying to save to buy, odds are you are priced out of what you
1984coug
6/10/21 9:48am
100% correct.
Shore10
6/10/21 9:54am
Yep, it is pretty discouraging. Doesn't seem sustainable or like healthy trend
303coug
6/10/21 10:34am
They can/will hold these properties for the next 30-50 yrs and accumulate more.
Shore10
6/10/21 11:07am
It should be outlawed.
valleus
6/10/21 10:01am
I'm sure it's legal, and I'm quite sure we should somehow put a stop to it.
Mitty
6/10/21 10:13am
It's obviously legal. My statement was rhetorical + perplexed at *how it's legal
Shore10
6/10/21 11:06am
One of (very few) benefits of a HOA or PUD with CC&Rs... Our community CC&Rs
joeycougar
6/10/21 11:24am
Not a fan of HOA’s but that is one positive for the neighbor hood.
BNcoug
6/10/21 4:30pm
They don't care about buying at a premium because they are going to be building apartments in your suburbs.....
mokelembembe
6/10/21 12:43pm
RE: They don't care about the price because they are going to be building
TailgateU
6/10/21 12:44pm
Yes it does. One area where I wouldn't be against some form of regulation.
BluebloodOR
6/10/21 2:42pm
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