Bloomberg: America Should Become a Nation of Renters

Brought to you by the same people who are pushing for bug burgers.

Bloomberg:

Rising real-estate prices are stoking fears that homeownership, long considered a core component of the American dream, is slipping out of reach for low- and moderate-income Americans. That may be so — but a nation of renters is not something to fear. In fact, it’s the opposite.

The numbers paint a stark picture. After peaking at 69% in 2004, the homeownership rate fell every year until 2016, when it was 64.3% — its lowest level since the Census Bureau started keeping track in 1984. The rate rebounded in Donald Trump’s presidency, hitting 66% in 2020, but that trend is likely to be arrested by a housing market that is desperately short on supply and seeing month-over-month price increases greater than they were in the frenzied market of 2006.

This process is painful, but it’s not all bad. Slowly but surely, most Americans’ single biggest asset — their home — is becoming more liquid. Call it the liquefaction of the U.S. housing market. …

It may have seemed at the time like a failed experiment. But financialization had changed the housing market forever. Houses are now more prone to be priced high relative to rents, and to see their prices fluctuate with the market. The very features that made home buying an affordable and stable investment are coming to an end. …”

Daily Poster:

“When Americans started facing the threat of foreclosure at the height of the 2008 financial crisis, Barack Obama campaigned on a promise of a simple, straightforward, and elegant solution: Force big banks to accept some losses and write down the amounts homeowners owed on their mortgages, thereby avoiding mass foreclosures. Soon after winning office, Obama abandoned the pledge to the delight of his Wall Street donors.

Now, new data suggests that had Democrats instead used their huge congressional majorities to deliver relief, they could have rescued hundreds of thousands of families who were thrown out of their homes while Obama’s administration was bailing out the banks.

Separate data, meanwhile, suggests that lessening the blow of the housing crisis on middle-class families may have averted Donald Trump’s narrow victory in 2016.

The data provides a powerful cautionary tale to President Biden and congressional Democrats as financial analysts have warned of the possibility of a significant increase in foreclosures this year. …”

I’m guessing Michael Bloomberg just bought the Democratic Party. He certainly has enough money to do so. He spent over a billion dollars on his four month presidential campaign in the 2020 election.

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63 Comments

  1. There’s a big surprise. Jews taking over the housing market and making the goyim rent from them.

    • And people say Hitler was evil…. at least he gave the German people jobs, a stable currency, the ability to own a home, and a racially homogenous nation. If he truly were a Christian, he’d be material for sainthood. Pity he was a godless bastard…

      • Yeah, he didn’t claim to personally know the mind of God, unlike arrogant fools such as yourself.

      • @Fr. John+ …

        Hitler started out great.

        In 1939, however, he began crossing over from great to wretched.

        His is a legacy that is mixt and complicated, which few would like to appraise in a even-handed manner.

      • @Fr John+ What made Hitler great…getting out from under the global banking system and keeping Communism out of Europe. Becoming independent of Jewish control of currency is a big thing. If your God cared anything about the good whites out here, he wouldn’t allow his Chosen Folks to continue to ruin our world. If “God” cares so much about them, to have favoritism, I can’t see why Whites are worshipping this asshole.

  2. Local government can always tax you out of your property, use eminent domain to force a sale to favored private parties or worst of all, move diversity into your neighborhood forcing you to flee for your life.

    • Katie (KT) and THAT (the Talmud) is the ONLY ‘Scripture’ the Khazarian bastards actually follow and believe. Since they are not the seed, nor the descendants of the Tribes of Ancient Israel, they merely hide behind the O.T. and claim patrimony with King David.

      Christ was prophetic and 666% correct, when he called them [Literal] Sons of their father, the Devil.
      THEY ARE TO BLAME FOR EVERYTHING.

      • Especially when Our Lord gave the parable of the wicked husbandmen. Kill the Son of God and attempt to become their own messiah. The Lord knew what they would do. They have in fact stated that they are their own messiah as a people. They are destroyers par excellence.

      • Re: “THEY ARE TO BLAME FOR EVERYTHING”:

        No, not some, but ALL have sinned and fallen short. “The Light that cometh into the world” is come to lighten not some, but EVERY man.

    • “The Talmud is a how-to manual for running a slave state.”

      So is the Torah, if you know how to read it, as they do.

    • “All property of other nations belongs to the Jewish nation, which, consequently, is entitled to seize upon it without any scruples. An orthodox Jew is not bound to observe principles of morality towards people of other tribes. He may act contrary to morality, if profitable to himself or to Jews in general.” –Schulchan Aruch, Choszen Hamiszpat 348

      “A Jew may rob a Goy, he may cheat him over a bill, which should not be perceived by him, otherwise the name of God would become dishonoured.” –Schulchan Aruch, Choszen Hamiszpat, 348

      “When a Jew has a Gentile in his clutches, another Jew may go to the same Gentile, lend him money and in turn deceive him, so that the Gentile shall be ruined. For the property of a Gentile, according to our law, belongs to no one, and the first Jew that passes has full right to seize it.” –Schulchan Aruch, Choszen Hamiszpat 156

      The Shulchan Aruch is known by various Jewish communities as “the Code of Jewish Law.” There are various legal codes in Judaism but the Shulchan Aruch is the most widely consulted. It was authored in Damascus, by rabbi Yosef Karo in 1563 and published in Venice two years later. Together with its commentaries, it is the most widely accepted compilation of jewish law ever written.

      Just sayin ….

      • @ dicarlo

        Those are just excellent quotes.
        Any more ?

        Have you considered emailing those to Adam Green ?

      • “another Jew may go to the same Gentile, lend him money and in turn deceive him, so that the Gentile shall be ruined.”

        They did that all over Spain and Portugal, causing the 1492 expulsions.
        Doing it all over again, I know a few folks who lost their homes, via subprime ARMs.
        “Oh no, your payments won’t go up”, one instance , payments went from 800 to 1900 per month.

  3. When there are renters, there have to be landlords. There has to be someone owning that property. These mealy-mouthed articles conveniently decline to point out that the landlords are an elite group of wealthy oligarchs who only get wealthier while the renters become serfs.

    Who gets to decide who the lords are in this neo-feudal dystopia? Michael Bloomberg and his tribesmen?

    Fuck these assholes.

    • This system relies on whites being passive and cooperative. They will ultimately lose but it will suck ass all the way around for everyone I’m afraid. They can’t keep this together.

    • Re: “who the lords are in this neo-feudal dystopia”:

      It is feudal indeed. “Kulaks” are on the very first, bottom step of the landlord and employer class that the peasants are taught to aspire to. A Kulak is just one step above a peasant, having just enough wealth and property to be able to “provide” some employment and/or collect a little rent.

    • Worth watching Keith Woods’ recent video about the (((oligarchs))) who strip mined Russia under the Yeltsin puppet regime before Vladimir brought them to heel.

  4. Every topic on this blog and the associated discussions point to one thing,
    ever lower standards of living

    • “ever lower standards of living”:

      Ever-lowering standards of living for the masses allow ever-INCREASING standards for the privileged classes. Especially for the elites. In just the last twelve months or so, the collective wealth of the world’s billionaires increased 60 percent, from $8 trillion to over $13 trillion, which Forbes aptly described as “the greatest acceleration of wealth in human history.”

      • Of course Forbes would phrase it like that. It was not an “acceleration of wealth”…it was a transfer of wealth, from the poor and middle-class to the wealthy.

    • You know, it depends on what you value in life. More time with the children and not some slave job. It might take several generations to undo the damage but take faith that you are doing “God’s” work however you define “God”.

      • “More time with the children and not some slave job. ”

        Yes, but not possible, if a person is pushed below the essentials, such as housing.

        • Those are the people still peddling the “What color is your parachute” and other “self-fulfillment” new age garbage. They tell people they can do anything they want.

  5. Someone should nail Bloomberg down on this nonsense, because much of what is being said is contradictory.

    It all depends on what you want in a home, and what kind of location you want. The price you want pay, and the neighborhood you want, might not be in a metro county.

  6. So at the same time that rich Jew funds are buying up entire blocks of single family homes to rent back to you, here comes Jew Bloomberg to tell us that renting is good.

    Oddly enough, Indians and Chinese aren’t having any problem actually buying up houses.

    • “Oddly enough, Indians and Chinese aren’t having any problem actually buying up houses.”

      That’s because you’re seeing the richest among them.

  7. There are too many people and the resources of the land can not support the load. We got scarcity and shortages of everything except for obnoxious load mouth Jews, we got loads of them here in America.

    • Yet the border is open, and they are still allowing them to come in, and live off of us. Seems the environmentalists don’t care when THEY have lots of kids.

  8. These housing prices can collapse faster than they have risen, much faster.

    These moneyed conmen think they can use the immigrant population pressure to driver prices ever higher. They don’t realize that the low quality of immigrant can do the opposite.

    It doesn’t matter, to their minds, as they will use their bought off congressmen to vote for bailouts.

    • There are 95 Million single family homes in the US. Some Jew like Bloomberg, or Roman Catholic like Joe or Hunter Biden buying up 150, 1500, or 15,000 isn’t going to make a dent in the housing market.

      So far the bigget number was Blackrock purchasing 150 homes.

      The numbers just are not there.

      Then when you figure taxes, rent collection, maintenance, and unexpected costs you just are not going to make any money above your debt service.

  9. As one how is well informed about European History, France being one of those nations I know well, I have to say that our Modern American Oligarchy does an increasingly good impression of The French Aristocracy of the mid 18th century.

  10. Good Lord.
    One can tell who the double-wide renters are here just by the comments.

    News flash for you. You can afford a HOME OF YOUR OWN by simply working hard and living within your means. You don’t NEED Cable/Satellite and a 60” TV. You don’t NEED the newest smartphone. You don’t NEED a $600/mo car or truck note. You don’t NEED sleeve tattoos.

    Read a book. Preferably one on Economics and Budgeting written before 1996.

    I owned and sold a half dozen homes before I was 40. Stop coveting what some landlord has. Work hard, live rurally and frugally and you’ll be a homeowner too. Lastly, never, ever get an ARM (Adjustable Rate Mortgage).

    • “and you’ll be a homeowner too”:

      And then you’ll be a Kulak, one step above the peasants!

    • Nope. I’ve owned my own home for 20 years. I’m almost 50 years old.

      But I have empathy for younger people. People shouldn’t have to live substandard lifestyles just to have the privilege of mortgaging a postage stamp lot with a 3 BR 2 bath home on it for 20 years. Not when there is an entire class of people who are born with money who consider the rest of us riff-raff and who drive our property values down by buying up all the houses around us and turning them into rentals.

      This isn’t as simple as you make it out to be. And the trailer park comment was classy btw.

    • Yeah, but we don’t want to live in some creepy old murder-shack like you do, the kind of place where Ed Gein and the exhumed corpse of his mother might be found.

    • BIG BOOMIN’ – young doctors are hesitating to buy, and their parents were much younger when they owned home. STUPID OLD FOOL, THE JEWS ARE PRINTING MONEY TO BUY UP ALL THE REAL ESTATE.

    • What the hell is this, a stereotypical clueless, obnoxious Boomer?

      I know some excellent people who are Boomers, populist, pro-White, non-preachy, supportive of their kindred and people, etc., but sometimes it seems like there are 7,000 clowns who match the stereotype for every one that doesn’t.

  11. Rents = USURY The privileged, property-owning, and wealth-inheriting use their protected position to parasitize the working masses.

    Russian socialist folk song “Hey Little Apple” lyrics, at 3 minutes 10 seconds:

    “Hey Moneybags…Expropriate the landlords, claim it all as the working peoples’ property…la-la-la-lai-la-lai-la-la!” See: ?https://www.youtube.com/watch?v=k7TxSDRqdC4&t=31s

    Everything should be free for all the people!

  12. Rents = USURY The privileged, property-owning, and wealth-inheriting use their protected position to parasitize the working masses.

    Russian socialist folk song “Hey Little Apple” lyrics, at 3 minutes 10 seconds:

    “Hey Moneybags…Expropriate the landlords, claim it all as the working peoples’ property…la-la-la-lai-la-lai-la-la!” See: ?https://www.youtube.com/watch?v=k7TxSDRqdC4&t=31s

    Everything should be free for all the people!

  13. “One can tell who the double-wide renters are here just by the comments.”

    Obviously, it never crossed your puny mind, that people are concerned about the the welfare of others, especially younger people starting families.

    “I owned and sold a half dozen homes before I was 40. ”

    Hog sheds don’t count.

  14. Hmm, I’m beginning to think.that these finance-mouthpiece journalists don’t have my best interests at heart.

  15. Maybe it’s actually going to come to this, and maybe there will be more personal financial benefit to renting rather than buying for more and more people as time goes on. But I don’t think Bloomberg and his keyboard warrior vassals have that as a motivation when promulgating this advice. Their motivation I think is what many here in the comments have already said, they want an increasingly elite club to have all the civil society rights to any and all increases in the value of the real estate.

  16. I love watching videos on youtube of abandoned mansions, hotels, failed housing projects, casinos etc.

    In them you see the failed dreams and hopes of governents, corrupt oligarchs, idiot-run local governments and deluded celebrities and the nouveau riche of the early naughties.

    • Trump’s hotels and casinos are the best examples of a deluded celebrity who failed spectacularly in real estate.

  17. I touched a nerve of the double-wide class here apparently.

    And still, you covet what I’ve earned over a career of two jobs, sacrifice due to what a few of you still have, White drive and ambition.

    My current home is far from a “hog shack” as one 70IQ poster commented. It’s a beautiful home fit for family gatherings with ample space, formal dining and sitting rooms on 10+ acres with multiple fruit trees and gardens. It’s doubled in value since I bought it thanks to the demand for well kept, beautiful rural homes and the improvements that we make every year.

    Y’all keep bitching about the (((tribe))), the kneegroes, millionaires and landlords. And have the audacity to wonder why you get nowhere. You’re your own worst enemy. In my late mother’s words, “white trash”.

    You’ll never own shit because you’re too stupid to admit when you’re wrong. This is a common trait of another sub-species… the African American pavement ape. You’re two peas in a pod. That’s probably why white trash continues to be mulatto baby factories. You really ARE white ni**ers.

    • @Gunny…

      “I touched a nerve of the double-wide class here apparently. ”

      The wife and I very much liket your advice-comment.

      It’s what we would expect from a former Marine : ‘suck it up, stop whining, and find a way to win.’

      That said, for many from the last several generations, especially amongst those who never served, a spiritual-semantick slap in the face will not work.

      The truth is the truth, however, and what is said is true

    • No one ‘covets’ your simple accomplishments.

      We’re talking about hedge funds , using multi-billion direct lines of credit, backed by the US treasury, to monopolize a critical resource, housing.
      Hedge funds , that have special access to US tax dollars, without risk to their own capital.
      Much the same as Milken using S&L funds to wreck a large portion of the bond market, destroying the S&L industry and costing taxpayers 100s of billions.

    • OK Boomer…I don’t believe you’re rich or even have a nice home. You’re the kind who buys way above what you can afford, and forecloses. I bet your credit is maxed out from how you spend.

  18. “. It’s doubled in value since I bought it thanks to the demand ”

    Thanks to fed loose credit policy.
    If the fed has to defend the dollar, higher interest, your place will drop like a stone.

  19. “You’ll own nothing, and you’ll be happy.” Or else.

    So says the crypto Klaus Schwab, son of a Kosher mama.

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