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[–]Zapped 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (3 children)

The owners of factories and mines used to build neighborhoods and even towns and take the rent out of wages, along with food and supplies bought at the company owned store. Now that was a feudal system. Real estate is the current investment that they think will bring the most return. It also allows them to dump fiat currency into an asset that they feel is safe against inflation. It will be sold when they find the next best investment. I am also seeing real estate being traded like currency. People are selling in high-priced, established areas and buying in up-and-coming areas. When they cash in while selling "high", they overpay a little to buy back in to the "low". A lot of the people who bought in "low" around 2008, have been selling this year.

[–]crackerjack3 4 insightful - 3 fun4 insightful - 2 fun5 insightful - 3 fun -  (2 children)

does anybody know who really owns this blackrock company? it could easily be chinese money and it could really be foreign money from just about any country...

if you control the real estate and you control the food distribution network, you have more power than the president.

[–]Zapped 2 insightful - 3 fun2 insightful - 2 fun3 insightful - 3 fun -  (1 child)

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 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Look at you with more to offer than a gently used jar of mayonnaise for sale.

Item for sale: Five Gallons of Strawberry flavored lubrication jelly

Condition: Used

Price: $1,200.00 per ounce

Cash and Carry Importer Exporter Corporation of Sudan Agent: Sam Parker, CCA LPR