A $1.3 Trillion U.S. Housing Market Crash Is Imminent, and Inevitable

Guy down the road was given 3 rental houses by his dad when he passed away. The guy goes on 3 vacations a year and has never had a job. Anytime something needs repair, they use a bandaid approach rather than spending any money in the places.

See my post a few posts up about REITs and Agenda 2030. They won't care if the houses are damaged. The houses will be demolished any way. Anyone destroying the house is just saving them demo costs.

The U.S. housing market is going to be one of the biggest victims of the novel coronavirus pandemic as people lose jobs and the economy comes to a grinding halt. Housing bulls have already started pulling out of the market and it won’t be long before prices start going south.

The latest readings from the S&P CoreLogic Case-Shiller index could be the market’s last hurrah. The economic fallout of the COVID-19 outbreak is about to wreck the market’s momentum and might cause the biggest price crash since the Great Recession.

[link to www.ccn.com (secure)]

Mark these words:

In another housing crash, the banks that hold the mortgages will sell off the houses in large blocks to DEVELOPERS and REITs, like they did during the 2009 crash. The developers and REITs will NOT resell the houses. Instead, they will demolish all the houses and build Agenda 2030 stack-n-pack apartments on the land. If you think you're going to snatch up a bunch of super cheap houses to resell, like some did in 2009, you're severely mistaken. New single family housing zoning will be abolished after the A2030 developers own the chunks of houses and all the vacant land. If you do get lucky and snap up a few cheap houses (the scraps), no permits will be issued for renovations since single family housing will no longer be allowed.

Never forget that the county governments where the houses are OWN those properties, since practically every house built and sold since the 1950's was mortgaged with a DEED OF TRUST. That Deed of Trust conveyed ownership of the land and house to the county government and was placed under a trust administered by the government, with the government as TRUSTEE. Trustees are legal title holders of all property contained in the trust. No one reads the mortgage paperwork they sign. It's written right into the 40 page Deed of Trust that the "buyer" is a TENANT, pays rent (property tax) to the real owner, the county government. The "buyer" is merely a holder of the property, never the owner.

That is not what happened after 2008.
They tore down cheap houses and apartment buildings and put in expensive condos all over place causing an increase in the homeless and poor.

My 2 story house is paid off. My 2 cars are paid off. I can survive making 12 bucks an hour. im 36 yrs old. I'm able to do this because of no wife or kids lol

Fuck yes. Best time to buy a house. Woohoo

I guess you must live in far deep mountains where property tax is below $15k a year for manufactured home

Yes, that is what happened after 2008, with the only difference being that after 2008 the houses were resold on the open market eventually. That will NOT happen this time.

Condos are purchased, apartments are rented. Agenda 2030 is about implementing a (communist) RENTER society. A primary platform plank of communism? NO PRIVATE PROPERTY. Everything will be rental, from where someone lives to when they need an clothes iron. It's actually all a rental society now, actually, but massive amounts of propaganda has kept people believing that they actually own a house or a car. They haven't. But the next step is to drop the charade of ownership and become open about the rental society.

Ignore my posts at your peril.

15k a year?!

Where do you find outrageous property taxes like that?


.

I'll believe it when I see it.
We have been hearing about the coming Communism going on 50 years now and instead we have had socialism for the rich for the last 20 years...
The


The renter class is all people in private milking others for free money and the real estate lobby has a large presence in DC.

Don't ever consider a house an investment.

The U.S. housing market is going to be one of the biggest victims of the novel coronavirus pandemic as people lose jobs and the economy comes to a grinding halt. Housing bulls have already started pulling out of the market and it won’t be long before prices start going south.

The latest readings from the S&P CoreLogic Case-Shiller index could be the market’s last hurrah. The economic fallout of the COVID-19 outbreak is about to wreck the market’s momentum and might cause the biggest price crash since the Great Recession.

[link to www.ccn.com (secure)]

Look around you, bro. What do you think the purpose of the covid scare is for? To shut down the current (socialist) economic model in order to usher in the new (communist) economic model.

To your point, we've lived in a socialist economic model since FDR's New Deal. Redistribution of fruits of labor (Congressional spending), pooled worker retirement plans (pensions, Social Security), fake ownership of property (Deeds of Trust, Vehicle Registration), etc. No one owns "their" houses or "their" cars or any of the other property they think they "own". The next step is full blown out-in-the-open communism and A2030 is how it is being implemented. Heck, just look at people starting to line up outside of Walmart RIGHT NOW to get rationed quantities of food. Limit 2 rolls of TP and tuna!

It's right in front of you, comrade!