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America should become a nation of renters

3,789 Views | 24 Replies | Last: 4 yr ago by one MEEN Ag
jagvocate
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4:24p, 6/17/21
AG
How much did Blackrock and other massive Federal Reserve-sucking private equity firms pay Mike Bloomberg to run this article?

https://www.bloomberg.com/opinion/articles/2021-06-17/america-should-become-a-nation-of-renters

I love small town rentals and buy them every time my saved rents pile up enough to make another down payment and purchase a new one. But turning America into a big home ownership desert is a horrible idea.
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flyingaggie12
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5:53p, 6/17/21
AG
This will be the demise of the middle class.
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mazag08
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7:17p, 6/17/21
AG
There's no should about it. 100 years of Keynesian idiocy has us right on track within the next decade or so.

I'm very glad to be working and investing in the multifamily industry. Our current economic trajectory points to multifamily investment being one of the best and only ways to consistently keep ahead of inflation for many years to come.
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RoseRichAg01
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8:07a, 6/18/21
Klaus Schwab approves.
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TxAG#2011
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8:23a, 6/18/21
No thanks.

America should be doing everything possible to stifle SFR investment ownership. Increase taxes on all SFR not under homestead immediately.
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Cyprian
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9:00a, 6/18/21
AG
As long as I'm the landowner collecting rent, sure. Otherwise, they can go pound sand.

-------------
Yeah, well, you know, that's just like, uh, your opinion, man.
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Macarthur
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In reply to flyingaggie12 • 9:12a, 6/18/21
flyingaggie12 said:
This will be the demise of the middle class.

It will be one of the factors but the middle class has been on a pretty steady decline for a while now.
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dubberage
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11:57a, 6/18/21
We are seeing Developers building thousands of SFR for rent properties now across the country. Basically large patio home neighborhoods all with for rent SFR.
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Macarthur
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In reply to dubberage • 12:00p, 6/18/21
I think it's going to become more and more attractive

My FIL has plenty of money to buy a house, but he has said many times, he has run the numbers over and over and, for them, renting always comes out on top.
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bedofbrass33
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12:34p, 6/18/21
AG
This is the ultimate loss of freedom and a return to feudalism. If banks and mega corps can get everyone into a monthly rental/subscription model for everything from housing to appliances to media consumption then we are just wage slaves in soft, gentle despotism.

You don't toe the line based on their values, aka terms of service you don't agree with?Enjoy being homeless bigot!
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itsyourboypookie
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In reply to mazag08 • 9:40a, 6/19/21
mazag08 said:
There's no should about it. 100 years of Keynesian idiocy has us right on track within the next decade or so.

I'm very glad to be working and investing in the multifamily industry. Our current economic trajectory points to multifamily investment being one of the best and only ways to consistently keep ahead of inflation for many years to come.


Meh, apartment rent has limits with age.

SFH rents are limitless
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mazag08
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In reply to itsyourboypookie • 10:02a, 6/19/21
AG
Both are great investment vehicles.
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HTownAg98
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In reply to TxAG#2011 • 10:55a, 6/19/21
TxAG#2011 said:
No thanks.

America should be doing everything possible to stifle SFR investment ownership. Increase taxes on all SFR not under homestead immediately.

Terrible idea. Building more housing would help more and doesn't hit those who have second homes. If you can increase supply enough that the returns aren't favorable, investors will move to other investments.
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halfastros81
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5:26p, 6/19/21
AG
They are entitled to their crappy opinion. Just so they get no bailouts when it doesn't work out for them.
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jagvocate
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In reply to halfastros81 • 1:41p, 6/21/21
AG
halfastros81 said:
They are entitled to their crappy opinion. Just so they get no bailouts when it doesn't work out for them.


Lol. They manage trillions. "Too big to fail"
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94chem
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In reply to TxAG#2011 • 2:38p, 6/21/21
TxAG#2011 said:
No thanks.

America should be doing everything possible to stifle SFR investment ownership. Increase taxes on all SFR not under homestead immediately.


So...what do you think a homestead is, if not higher taxes on every other home?
94chem,
That, sir, was the greatest post in the history of TexAgs. I salute you. -- Dough
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DadAG10
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2:40p, 6/21/21
Pottersville.
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jagvocate
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In reply to TxAG#2011 • 6:35p, 6/21/21
AG
TxAG#2011 said:
No thanks.

America should be doing everything possible to stifle SFR investment ownership. Increase taxes on all SFR not under homestead immediately.
I bet you believe in "limited government"
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TxAG#2011
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In reply to HTownAg98 • 9:43a, 6/22/21
HTownAg98 said:
TxAG#2011 said:
No thanks.

America should be doing everything possible to stifle SFR investment ownership. Increase taxes on all SFR not under homestead immediately.

Terrible idea. Building more housing would help more and doesn't hit those who have second homes. If you can increase supply enough that the returns aren't favorable, investors will move to other investments.


Literally everything about the market proves this to be false. There are legions of owner occupant purchasers out there who are currently priced out.

Single family and multifamily is going up absolute everywhere in Dallas and "investors" aren't going anywhere.

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TxAG#2011
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In reply to 94chem • 9:44a, 6/22/21
94chem said:
TxAG#2011 said:
No thanks.

America should be doing everything possible to stifle SFR investment ownership. Increase taxes on all SFR not under homestead immediately.


So...what do you think a homestead is, if not higher taxes on every other home?


Homestead is an owner occupant home.
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dc509
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In reply to dubberage • 5:01p, 6/23/21
AG
dubberage said:
We are seeing Developers building thousands of SFR for rent properties now across the country. Basically large patio home neighborhoods all with for rent SFR.
We're seeing that too. Cities will begin making those developments difficult soon.
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HTownAg98
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In reply to TxAG#2011 • 5:07p, 6/23/21
TxAG#2011 said:
HTownAg98 said:
TxAG#2011 said:
No thanks.

America should be doing everything possible to stifle SFR investment ownership. Increase taxes on all SFR not under homestead immediately.

Terrible idea. Building more housing would help more and doesn't hit those who have second homes. If you can increase supply enough that the returns aren't favorable, investors will move to other investments.


Literally everything about the market proves this to be false. There are legions of owner occupant purchasers out there who are currently priced out.

Single family and multifamily is going up absolute everywhere in Dallas and "investors" aren't going anywhere.


If you look at the numbers, demand isn't any higher than typical; it's a supply side issue. Houses are being built now at a rapid pace, but that doesn't account for the lack of building that took place since Covid started. And it's not like you can go from raw land to a development ready subdivision overnight.
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12thMan9
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In reply to itsyourboypookie • 10:03p, 6/23/21
AG
itsyourboypookie said:
mazag08 said:
There's no should about it. 100 years of Keynesian idiocy has us right on track within the next decade or so.

I'm very glad to be working and investing in the multifamily industry. Our current economic trajectory points to multifamily investment being one of the best and only ways to consistently keep ahead of inflation for many years to come.


Meh, apartment rent has limits with age.

SFH rents are limitless
You have no clue what you are talking about.
Ronnie '88
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TxAG#2011
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In reply to HTownAg98 • 11:13a, 6/24/21
HTownAg98 said:
TxAG#2011 said:
HTownAg98 said:
TxAG#2011 said:
No thanks.

America should be doing everything possible to stifle SFR investment ownership. Increase taxes on all SFR not under homestead immediately.

Terrible idea. Building more housing would help more and doesn't hit those who have second homes. If you can increase supply enough that the returns aren't favorable, investors will move to other investments.


Literally everything about the market proves this to be false. There are legions of owner occupant purchasers out there who are currently priced out.

Single family and multifamily is going up absolute everywhere in Dallas and "investors" aren't going anywhere.


If you look at the numbers, demand isn't any higher than typical; it's a supply side issue. Houses are being built now at a rapid pace, but that doesn't account for the lack of building that took place since Covid started. And it's not like you can go from raw land to a development ready subdivision overnight.
Lack of building during Covid?

Building didn't stop during Covid. Building hasn't stopped period in Texas for a decade now.

It's like we keep waiting for this hypothetical situation about too much supply to keep happening and it's not happening. And now investors are here in greater numbers than seemingly ever so what is that saying?

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jagvocate
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In reply to 12thMan9 • 11:42a, 6/24/21
AG
12thMan9 said:
itsyourboypookie said:
mazag08 said:
There's no should about it. 100 years of Keynesian idiocy has us right on track within the next decade or so.

I'm very glad to be working and investing in the multifamily industry. Our current economic trajectory points to multifamily investment being one of the best and only ways to consistently keep ahead of inflation for many years to come.


Meh, apartment rent has limits with age.

SFH rents are limitless
You have no clue what you are talking about.
pookie might look like Amish but he's probably forgotten more about MFH investing, SFH investing, and property management than most on here know
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one MEEN Ag
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1:23p, 6/24/21
AG
Pookie's got some bad takes in him. This isn't one of them.
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