Posted on 08/20/2022 5:34:55 AM PDT by PK1991
I don’t believe the FED, banks and crony capitalism as it currently operates in the US is capitalism. I seem to recall banks weren’t allowed to fail in the housing crisis. Many bailouts during COVID but most Mom and Pop businesses were allowed to fail. COSTCO and Walmart etc. were allowed to stay open but not small businesses. That isn’t capitalism.
psstt... you know.. you can buy empty land and BUILD on it right?
LMAO
Yep, but the “free market” FReepers think this is just dandy.
Although this is absolutely not a free market.
There’s the book world, and then there’s the real world...
It is capitalism. You don’t like??
—
It’s not capitalism when these hedge funds and banks are declared too big to fail and then bailed out by the government (e.g. GFC); it’s fascism.
Already happening with subsidies from your govt with your tax dollars. Yes, but keep voting Democrat!
Don’t waste your time. He’s an egotistical, selfish old man, devoid of any care for others.
1. They are wealthy professionals who are on temporary, but long-term (six months to two years), work assignments. In many cases their employer is paying the rent.
2. They are families that don’t expect to stay in the same location for a long time. My neighborhood has a number of rentals where the tenants are military families, for example.
3. They are patient, astute home buyers who rent for a period of time to make sure they like the neighborhood before making the commitment to buy a home.
What does BR stand for?
I have made millions as a land lord and know exactly what I am talking about.
I bought my first property while still in college for myself. I used the savings from buying to save up more to buy a 2nd one to rent out. Then used the savings from those 2 to buy another. Repeat.
Until I had nearly 30 units before I even graduated.
When good deals dried up.. I later started buying lots and would build duplexes on them.
How old are you?
‘You will own NOTHING and be happy.’
Blackrock
About 50, I started buying property in the late 90’s while still in college. I didn’t have the money to buy homes, so I started with condo’s near the university.
blackrock
Did you get NINJA loans? Sell before 2008?
I have been noticing that lately the bottom line does not seem to matter to a lot of companies. Disney comes immediately to mind. Airline and medical industry with the shots..
I remember during the last, pre-COVID, "too big to fail," round of bail outs, one economist saying something to the effect of, "capitalism without the risk of failure is like Christianity without the risk of hell." You take away one of the basic tenets of something and that thing no longer is the thing that it was. Free markets entail risk, and if you insulate free markets practitioners from that risk, the markets really are no longer free.
ESG, in reality, means corporate fiduciary negligence.
What does BR stand for?
Black rock Hedge fund
Yep the world we live in today is ever changing and has been
since the beginning of time. What this part of earth called
N. America will look like 50 years into the future would be
interesting to see. Just think back to 1482 when Columbus
sailed the ocean blue and what this land looked like at that
time and what happened to the original inhabitants and who
was responsible. Enjoy your allotted time as best you can.
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