Originally posted by @David Roe:
Originally posted by @James Hamling:
You know what @Joy May, I think your onto something...... Know what, you should sell everything, now, quick while you can still get money for it. I'm a crazy gambling fool but I'd be willing to let sign them all over to me right now, I will pledge you payment in chickens and MRE's for when the takeover comes......
On a serious note, if you truly believe that please, seriously, seek immediate psychological help, seriously.
Sad to see an investor in our forum to behave like this. Sadly if someone in 2019 said, "the government can close your business and let your tenants live for free for 12 months and you cant do anything about it due to a virous with a 99.997% recovery rate and the government will force you to stay home and not go anywhere, then when you can go out you Must wear a Mask on your face even though only 60+ year olds are the only ones at risk...." If this was said in 2019 YOU would have said the same exact thing you just said here... "You're crazy to think the government would or could do this..." HAha ha Sadly the joke is on you, when you allow a government to make choices for you, you no longer are free. If they want your rental properties "For the Greater Good of the Citizens" Guess what... You lose. 2020 they took your jobs, your income, your health, your freedom of choice, and took your face. Wake up, come out of the fantasy land and wake up.
The AOC and Nancy say that owning a home is a right and should be free to every one, Biden is a puppet so he will follow what they tell him to do. This is 100% possible, not probable but very possible...
Seeing as your diving down the rabbit hole of psychic powers to say what I would have said, if asked, back when, if's and butt's.... I'd rather request you exercise your Nostredamus like powers to share what the next PowerBall numbers will be please?
"IF" someone had said that to me in 2019, I would have said "So, like another Spanish Flu of 1918 event?". But that's just because I am informed, I understand how intelligence and information can really ruin things when seeking to strap on the good ole tinfoil hat and start shouting about whatever next doom & gloom forecast is getting hits on Youtube.
On housing as a "right", yup they sure did say that, in the exact same way that George Bush jr. said that, director of HUD had said that and a entire chorus of politicians and bankers have all said this time and time again, and then used such to usher in lower bars of entry for HOME BUYERS. Not 1 time has anyone spoken about Communist communal housing programs.
For those with a bit more then a marble rattling around upstairs, let me paint you a picture of exactly what Soviet Socialist style housing would require, and do, to make it a reality in the USA. First off, 97%+ of housing in the US has this little thing we in the biz like to call a MORTGAGE. See, that means the "home owner" dosn't actually own the home, they own the rights to USE of the home, because a bank owns it, or more accurately a fund owns it. The "home owner" is paying that fund, the ACTUAL owner of the property, payments which include principle and interest, a LOT of interest by end of term for the property. SOooooo that means telling multi-million/billion dollar entities "uh uhm, ah yes, we decided you no longer own those properties, yes those billions in mortgages you hold, GONE, please accept this "yah USA" lapel pin for your donation". Yeah, your talking a collapse of the GLOBAL financial system on level that makes the 08/09 collapse look like a sliver compared to the tree that will spike through the heart of GLOBAL finance and investment.
"But why will it be global?" you say, because that's where the $$$$ is coming from that buys the mortgage backed securities, from ever corner of the planet! From union retirement funds in Ireland, the John Hancock's of wallstreet.... from Zanzabar too Aruba and all points in between there is literally TRILLIONS of dollars wrapped into mortgage securities, and your saying "yup, can just waive a magic wand and say it all stops"......
Now that alone shows how foolish and childish naivety it is to say property ownership rights can just vanish, but there is multi-dimensions of this such as a little thing called contract law, THE CONSTITUTION, the supreme court, the Union itself, the NAHB, the NAR, the tens and hundreds of millions of Red White and Blue bleeding AMERICAN PATRIOTS who over their dead body would allow the US OF A to be turned into a Soviet Socialist Communist waste land!!!!!!
So yeah, I stand by my statements; if you think it's a real possibility, YOUR NUTS!!!!
