Category Archives: Housing

October 7, 2021

Corrupt Chinese Officials Ruined your Neighborhood – Made Houses Unaffordable! (Video)

Ever wondered why real estate prices have skyrocketed insanely and become completely unaffordable in many parts of Canada, Australia, the USA and even your country? Corrupt CCP officials and laundered money is most probably the answer…

August 23, 2021

Zillow, Other Tech Firms Are in an ‘Arms Race’ To Buy Up American Homes

“iBuyers” are gearing up to grow massively in the coming years, with unforeseen consequences for the U.S. housing market.

Zillow is doing a $450 million bond deal to get the money it needs. Opendoor went public via a Chamath Palihapitiya-backed SPAC deal to scale as quickly as it can. Even Rocket Homes is getting into the action. The race is on among tech firms to gobble up U.S. housing stock and dominate the increasingly competitive high-tech house-flipping market, otherwise known as the fast-growing “iBuyer” industry.

“There’s almost an arms race to get the most inventory possible,” said Daren Blomquist, vice president of market economics at Auction.com, who described the state of the iBuyer market as “almost frenzied.” “It’s less about making money off that inventory, at least initially, and more about who can get the most inventory the fastest.”

High-tech middlemen like Opendoor and Zillow Offers, Zillow’s home-buying platform, first inserted themselves into the housing scene a few years ago, armed with cheap money and hoping to profit off the bedrock of American middle-class wealth. iBuyers target mid-level homes that are in decent condition, offer to buy the house with cash, and make the selling and moving process quick and convenient. They then make a few repairs and quickly put it back on the market, ideally at a higher rate. In exchange, they charge the homeseller a fee that varies according to a variety of factors. 

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July 1, 2021

Joe Biden Attempting to ‘Destroy’ Suburbs with Infrastructure Package, Proving Trump’s Prediction Correct

President Joe Biden is attempting to “destroy” American suburbs with the reconciliation infrastructure package, proving former President Donald Trump’s prediction correct.

Trump said during a 2020 campaign rally that Biden wants “to put low-cost housing in the suburbs, and that would mean abolishing, ruining the suburbs. It has already begun. It’s been going on for years.”

Biden refuted the claim at the time by saying Trump is “trying to scare because an awful lot of suburbanites are now deciding they’re going to vote for me, at least the data suggests, as opposed to him.”

But Democrats are, indeed, planning to federalize local zoning laws within the infrastructure reconciliation package to displace single family homes with high-rise, low-income apartments to impact the already purple suburbs.

The reconciliation package plans to begin the destruction of the suburbs via a measure within the package called the “HOMES Act,” which intends to put the federal government in charge of local zoning laws to change local demographics, impacting the already purple voting districts.

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June 10, 2021

The Great Reset Is Happening NOW, Elites Are Buying Up Houses OVER COST So YOU Can’t Own Anything (Video)

Timcast

January 4, 2020

… How China BOUGHT the World…

We don’t need no stinkin laws.

October 7, 2019

Video: Hawaii and the Tanager Expedition of 1923

When Theodore Roosevelt created the Hawaiian Islands reserve for the protection of native birds, the expansive Northwestern Hawaiian island had not been the subject of a systematic scientific inquiry. The expeditions aboard the USS Tanager changed our understanding of some of the nation’s most remote territories. It is history that deserves to be remembered.

January 17, 2018

The Corrupt Politics of Low-Income Housing

State officials gleefully line their own pockets at taxpayers’ expense.

The rent is too damn high—so each year Congress appropriates billions of dollars to address the nation’s collective housing needs. The programs vary from loans to tax credits to straight-up subsidies, but a common feature is that federal taxpayers pony up the dough and then a motley collection of state-level politicians, financing agencies, and housing authorities decide how it’s spent. Can you guess where things go wrong?

In theory, oversight is provided by bureaucrats in Washington tracking every dollar and by local leaders increasing their re-election prospects by providing housing assistance to their constituents as effectively as possible. In practice, the feds turn a blind eye to inefficient uses of the funds while local officials gleefully engage in politically advantageous graft.

Take California Treasurer John Chiang. By virtue of his position on the three-member California Tax Credit Allocation Committee, Chiang exercises enormous influence over who gets $94.9 million each year in federal tax credits intended for developers of low-income housing.

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December 29, 2017

California’s hidden homeless: Teachers, chefs, nurses and other middle class workers living in cars in parking lots because of the state’s crazy property prices

Hundreds of people are sleeping in parking lots in areas like Santa Barbara. Rising cost of rent and housing has forced middle class workers to take up residence in their cars to make ends meet. Most of those sleeping rough in cars are part of the area’s Safe Parking program. It is run by the New Beginnings Counseling Center and aims to provide a secure area for the homeless to sleep in their vehicle.

The rising cost of rent and housing in California is forcing residents into alternative accommodation with middle class workers taking up residence in their cars and RVs by the side of the road to make ends meet.

Hundreds of people, including nurses and chefs, are sleeping in parking lots in affluent areas like Santa Barbara as they make the most of the only homes they can afford.

Marva Ericson, who works as a nursing assistant, has been sleeping in her Kia for the past three months. She wakes up before dawn each day, showers at the local YMCA and dresses in her hospital scrubs to head to work.

‘I wake up and I say, ‘Thank you God for keeping me safe last night, and thank you for the Safe Parking program’,’ the 48-year-old told the LA Times.

Like Ericson, most of the people sleeping rough in their cars are part of the area’s Safe Parking program, which is run by the New Beginnings Counseling Center and aims to provide a secure area for the homeless to sleep in their vehicles.

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December 24, 2017

Young Britons ‘Paying The Price’ for Decade of Mass Migration, Housing Crisis Report Finds

A new report has revealed the extent to which Britain’s housing crisis has been driven by mass immigration, with young people “paying the price” for this policy through ever-rising rents.

Migration Watch UK found that the “unprecedented” net migration of 2.5 million people over the past decade has been one of the main factors in pricing young people out of the UK housing market.

Published Thursday, the paper found that mass migration is the “major component” fueling the heavy demand on housing that has sent rent prices sky-high and made it hard for Britain’s young to save for a house deposit.

Migrant families make up nine out of 10 new households added in the last decade, according to the think tank which reported that “London is bearing the brunt of ballooning demand for rental properties.”

Households headed by foreigners accounted for more than 80 per cent of growth in the UK capital’s private-rented sector over the past 10 years, a period in which the report says rents rose by 36 per cent while wages grew just 21 per cent.

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November 30, 2017

Mexico promised affordable housing for all. Instead it created many rapidly decaying slums

The best of modern progressive civilization—government, private firms, international organizations—teamed up to build homes for 20 million people in Mexico. Over $100 billion later and its a disaster.

Sixteen years ago, Mexico embarked on a monumental campaign to elevate living standards for its working-class masses.

The government teamed with private developers to launch the largest residential construction boom in Latin American history. Global investors — the World Bank, big foundations, Wall Street firms — poured billions of dollars into the effort.

Vast housing tracts sprang up across cow pastures, farms and old haciendas. From 2001 to 2012, an estimated 20 million people — one-sixth of Mexico’s population — left cities, shantytowns and rural ranchos for the promise of a better life.

It was a Levittown moment for Mexico — a test of the increasingly prosperous nation’s first-world ambitions. But Mexico fell disastrously short of creating that orderly suburbia.

The program has devolved into a slow-motion social and financial catastrophe, inflicting daily hardships and hazards on millions in troubled developments across the country, a Los Angeles Times investigation has found.

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