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What is the purpose of real estate price manipulation and how 2008 was a deliberate

 
Revisionist

User ID: 80546862
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04/08/2022 06:44 AM
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What is the purpose of real estate price manipulation and how 2008 was a deliberate
Why are banks are holding foreclosed houses? I’ve heard this fact since 2008. I had previously thought that controlling the supply was just a clever way to drive up home values. But then as I considered a conspiracy where the dirt bags in charge want everyone living in urban major cities and then it hit me. Since the crash in 2008, they made changes that now allow banks to hold real estate with no downside. I believe banks are buying up the house market. If they can drive prices to the moon not only will houses not be affordable for the middle class, they will send everyone’s taxes skyrocketing. In a few short years l, unless you are Vaxxed or have an approved social credit score, you will loose your house.
Living the gospel of Christ is an action not a thought.
Revisionist  (OP)

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04/08/2022 07:02 AM
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Re: What is the purpose of real estate price manipulation and how 2008 was a deliberate
House prices will never come back down. People need to down size to get out of their mortgage and put away some cash.
Living the gospel of Christ is an action not a thought.
Anonymous Coward
User ID: 76535362
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04/08/2022 07:22 AM
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Re: What is the purpose of real estate price manipulation and how 2008 was a deliberate
And guess what? All the house flippers just helped accelerate the agenda and didn't cost the banks a penny. Greed is always greed
Anonymous Coward
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04/08/2022 08:15 AM
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Re: What is the purpose of real estate price manipulation and how 2008 was a deliberate
They've been telling us for years. When were the stones erected?

Now the WEF says, "We'll own nothing and be happy."
Anonymous Coward
User ID: 74657940
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04/08/2022 08:25 AM
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Re: What is the purpose of real estate price manipulation and how 2008 was a deliberate
Don't know. I still think that rural areas will still have somewhat reasonable property values because not many people want to buy there.
Anonymous Coward
User ID: 76535362
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04/08/2022 08:27 AM
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Re: What is the purpose of real estate price manipulation and how 2008 was a deliberate
Don't know. I still think that rural areas will still have somewhat reasonable property values because not many people want to buy there.
 Quoting: Anonymous Coward 74657940


Won't be for sale. It'll be property of the county and they'll allocate it for what they choose
Anonymous Coward
User ID: 80102126
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04/08/2022 09:01 AM
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Re: What is the purpose of real estate price manipulation and how 2008 was a deliberate
Even rural areas by me have tripled in price.
Anonymous Coward
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04/08/2022 09:17 AM
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Re: What is the purpose of real estate price manipulation and how 2008 was a deliberate
This is the same thing they did to family farms 20 years ago.

They will buy up every last one.

The longer you hold the more they will pay you in the end, but you will sell eventually as taxes go obscene.
Revisionist  (OP)

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04/08/2022 11:17 AM
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Re: What is the purpose of real estate price manipulation and how 2008 was a deliberate
I believe banks are swimming in funds to buy homes. I’ve noticed they are not buying vacant land as much. With the dollar about to head to zero soon house ownership will not be possible for the general masses ever again.
Living the gospel of Christ is an action not a thought.
Anonymous Coward
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04/08/2022 11:45 AM
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Re: What is the purpose of real estate price manipulation and how 2008 was a deliberate
House prices will never come back down. People need to down size to get out of their mortgage and put away some cash.
 Quoting: Revisionist


^This.

2008 was a housing crisis created by the policies of the Democrats. Those policies were to give no-down payment loans to minorities so they could move into fancy houses. The mortgage industry cooperated by selling variable rate mortgages to these people.

People were moving into 300K homes putting down 2000 dollars and paying 2000 dollars in costs. Then they had 1000/month mortgages.

Come back in three years and these people have maybe 10,000 in equity, their mortgage is now bumped up to 1600/month and the value of their house is now 200K. They made a logical decision to lose 10K and walk away to an expensive house they couldn't really afford.

2020. Joe Biden and The Democrats printed 3 Trillion dollars and spent it during a lockdown (meaning there was no goods or services being produced by the economy). This caused inflation.

Housing prices are not relative to the amount of money in the system. The end. Not coming down.

This is the 1970's inflation, not 2008
Revisionist  (OP)

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04/08/2022 12:23 PM
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Re: What is the purpose of real estate price manipulation and how 2008 was a deliberate
Before 2008 a bank was forced to realize a loss if a mortgage went bad, but not now. New legislation from the 2008 collapse allows banks to hold these properties indefinitely with no down side.
Living the gospel of Christ is an action not a thought.





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