There is a phrase that has been deleted in the Millennial and Zoomer generations it is a phrase that was commonly used for centuries in the United States and it is known as a "starter home" its generally a smaller property maybe two bedrooms 1 bath on a small lot but it is this idea of a property, an actual house, a livable structure with gas and electricity and all the creature comforts, that is affordable.
Imagine making 9k a year and buying a property for 42k, that's a starter home and it has been completely deleted from America due to the influx of over 150 MILLION illegal migrants since the 1960s.
This is the real reason libshits don't want illegals out, because they don't want you to have affordable housing, they HATE YOU, and they make money off of this shit. The majority restauraunts are owned by libshits, the majority of section 8 housing is owned by libshits, libshits LIVE off of the revenue generated from the absurd housing crisis.
This is why Trump can get things like groceries down over 150% in 6 months but the price of rent and a mortgage continues to rise no matter what he does because the libshits have made protecting illegals the CENTER of their party to protect the revenue stream they get from the housing crisis!
>>508212952 (OP)I'm not an anti-Trumper at all, but my groceries are still really fucking expensive. We truly are a species with amnesia; for some of us it only takes a couple of years to forget what groceries should cost.
>>508213296Groceries are back to 2019 prices you are just delusional or live in a shit state like Commiefornia that has a mandatory $2 tax on every gallon of gas sold. Groceries were up because price of gas is up, gas is now $1.90 a gallon.
>>508213462You can say that, but my grocery prices have not declined. I have no taxes on groceries where I am.
>>508213462>gas is now $1.90 a gallon.I haven't looked recently, but I paid $3.40 a gallon a week ago.
>>508214312You can say that, but my groceries have gone down significantly the largest decreases were among dairy products (cheese, milk) and eggs.
>>508214386I paid $2.50 at a Sam's Club in Missouri a week ago
Have you tried NOT living in a shit state that taxes your gas and everything else to shit? Turns out that dem polices take money out of your pocket and give it to the corporations!
>>508214611Eggs are $10.00 for 18 here. I paid $3.80 each for two half gallons of milk yesterday at Wal Mart.
>>508214611>Have you tried NOT living in a shit state that taxes your gas and everything else to shit?That's where the house I own is. Are you saying it's MY fault I'm being raped on groceries?
>>508215503Yes, it IS your fault for living in a shit state with a libshit government.
You got what you voted for, libshit.
>>508215597I voted for Hitler, little boy.
everyone talks about young people not wanting to work or being terrible workers, but we should have the mindset to take away wealth from immigrants either by removing welfare or taking their jobs.
>>508212952 (OP)You're right, we should build state-funded affordable public housing without a profit motive, that would REALLY own the libs.
We should nationalize the healthcare industry too, I bet those liberal private insurance shareholders would be steaming mad about that!
>>508212952 (OP)>starter homeMy boomer parents $20k starter home now goes for $350k, they sold it for $120,000 in the 90s and I got a new dirt bike out of it.
>>508216233Not "immigrants" ILLEGALS
there's a big difference and you know it, libshit.
You guys know there are starter homes still available for under 100k, right? You have to move where there is no work or amenities.
>>508217080also the house needs a new roof, it has termites, and the previous owner was a meth head who burned down 40% of the lot.
These MBS tranches (bought using QE) are held outright by the NYFed (NYFed acts as both note holder and MBS investor, multiple CUSIPs in each tranche, hundreds of properties in each CUSIP). If the mortgagor defaults (which 99% of them do/already have, which is why the NYFed bought them from their primary dealers in the first place), the deed then belongs to the Fed, who then either sits on the property (affecting housing values and skewing the housing market) or gives it to one of its triparty dealers to be rented (REITs) or to be picked over in foreclosure court. The NYFed now owns ~30% of all mortgaged homes, this was illegal before 2008.
The primary dealers that own the NYFed and the financial firms they choose to fund and that also make real estate purchases for the NYFed (i.e. BlackRock, Blackstone, Carlyle Group, American Homes 4 Rent) want to own all the properties, then the US government can become their customer through housing assistance; in this way, they form a closed loop of both supplier and customer, keeping the general public from owning any property, while profiting.
Under the guise of Covid, the NYFed and its ilk bought single family homes (MBS) and Commercial Mortgage-Backed Securities (CMBS), too, such as apartment buildings, trailer parks, nursing homes, offices, strip malls, warehouses, student housing, and RV parks and are keeping these real assets in their privately-incorporated LLCs (aka Special Purpose vehicles (SPVs)).
Update pic related to ~$2.2T
The purchase of these distressed properties by the NYFed causes false scarcity and false demand, which drive up housing (and rental) prices and prevents young and upcoming families from buying, fixing up and investing in these properties, as well as stopping new families from putting down roots in a community.
>>508217127Sometimes. Gotta do what you gotta do.
