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2025-06-04 Economy

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Posted by Besoeker 2025-06-04 07:51|| E-Mail|| Front Page|| [143 views ] Top

#1 Rents will NEVER come down.

No matter how little demand there is.
There is a host of financial instruments tied to rent price, and if the landlord lowers the price, a chain reaction occurs and he has to pay a lot of money (which he does not have, obviously).
Financialization.
Turning OUR HOMES into investment vehicles so pieces of SHIT like Blackrock can go from super-rich to very slightly richer.
The more you learn about Blackrock, who they are and what hey do, the angrier you get. makes you want to get your musket out of the barn and ride to rouse the neighbors.

Posted by Jairong+Scourge+of+the+Gepids2435 2025-06-04 11:00|| 2025-06-04 11:00|| Front Page Top

#2 ^ "Keyboard Warriors! Assemble!"

Posted by Frank G 2025-06-04 11:06|| 2025-06-04 11:06|| Front Page Top

#3 Rents will NEVER come down.

No matter how little demand there is.

Oh, you sweet summer child. When demand has been low for a year or two, rental prices plummet, and those landlords who are not in a really solid place on the finances of the thing (mortgage + utilities + ongoing maintenance + taxes + savings against future large capital expenses) will end up losing it to the bank.

When we rented that lovely 1800 square foot house outside Frankfurt, Germany, we paid the first and last $1000 of the contracted amount, while Mr. Wife’s employer paid the rather large bit in the middle. When we left in 1994, during which time the majority of US military bases in Europe were closed, the rent the landlord was able to get was about a third less than our contract had listed. All the landlords near former American military bases in Europe were in the same pickle — there were significantly fewer potential renters, so prices dropped. The local renters were happy — the majority of German household live in rented accommodations, mostly apartments in multi-family buildings rather than single family houses, because that is all they can afford.

Incidentally, as illegals self-deport here in response to moves by the Trump administration, both rents and purchase prices will become more affordable at working class price points.

Posted by trailing wife 2025-06-04 22:45|| 2025-06-04 22:45|| Front Page Top

23:03 trailing wife
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19:19 no mo uro
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