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[–]Zapped 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (4 children)

Look at you with more to offer than a gently used jar of mayonnaise for sale. edit I see that you are crackerjack3 and not crackerjack.

Could be. I remember when the Japanese were buying up the commercial real estate in the 80's. There was worry about the Japanese being able to control the U.S. one day. Have you seen the movie Blade Runner? It portrayed a dystopian future of this. The problem is that the real estate prices dropped and the Japanese quit buying and even sold at a loss.

https://www.latimes.com/archives/la-xpm-1992-02-21-mn-2588-story.html

From the article: "Real estate experts also cautioned against drawing the conclusion that Japanese real estate investors are faring worse than their American counterparts, even though many Japanese bought property at the market peak from 1988 to 1990. The analysts noted that the nation’s merciless real estate slump--caused by overbuilding, the slowing economy and a drying up of credit--has hammered a wide range of U.S. real estate tycoons as well, among them Donald J. Trump, Edward J. DeBartolo and John Portman.

“The Japanese were no dumber than the Americans,” said Anthony Downs, a Brookings Institution real estate expert in Washington.

Still, Japanese investors in Los Angeles, where they own about 45% of the premium downtown office space, have been especially hurt. Rodman said recent appraisals of such space shows that building values have fallen from 20% to 30% since the late 1980s."

I can see the same thing happening to this real estate market in the next 5 to 10 years.

[–]crackerjack 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (3 children)

The problem is that the real estate prices dropped

my friend, this mass acquisition has nothing to do with whether or not these acquired properties can be be sold at a profit or not..

this mass acquisition has more to do with evicting people from their homes in exchange for some worthless paper..

this global power shift is something that would have made adolf hitler blink.

[–]Jesus 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (2 children)

But muh capitalism.

[–]crackerjack 1 insightful - 2 fun1 insightful - 1 fun2 insightful - 2 fun -  (1 child)

dont you think that considering how our current administration is literally giving shittons of money away to people around the world and domestically, dont you think that this system is gonna implode?

btw, if you have never heard of the bernie madoff ponzi scheme, i would suggest that you read about it... hey, here is a hint for you... bernie wasnt the only one that operates a ponzi scheme... there are others... and when they blow up... ka fkng boom goes the stock market.. it is gonna crash..

hint: insurance companies are busting at the seams, they are just buying time right now..

[–]Jesus 2 insightful - 2 fun2 insightful - 1 fun3 insightful - 2 fun -  (0 children)

Yeah, if they mortgage it to Us citizens at interest.