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> buying up houses to rent out I've seen this reported many times even in places like nytimes but never seen actual numbers behind it. I 've read number betwee

> buying up houses to rent out I've seen this reported many times even in places like nytimes but never seen actual numbers behind it. I 've read number between 3% and even as high as 20% . My impression was it was ordinary upper income ppl like high end tech workers , retirees ect that were doing most of the buying and renting. A vast majority of my friends now own rental properties by directly buying them or turning their previous residence into a rental. We all want one evil villain to blame but reality is much more complicated. Thats why movements like occupy wall st acoomplish nothing. Wouldn't it be easy if the problem can be solved by taking down one evil dude in his castle. https://www.vox.com/platform/amp/22524829/wall-street-housing-market-blackrock-bubble https://www.vox.com/platform/amp/22524829/wall-street-housin...

TylerE 4y ago
Gotta start somewhere. Taking out one evil dude = one less evil dude = better society. Do not let perfect be the enemy of good.
mistermann 4y ago
> We all want one evil villain to blame but reality is much more complicated. Thats why movements like occupy wall st acoomplish nothing. Whether the demise of OWS was 100% due to their shortcomings and actions is speculative - a lot of people think the original demise and subsequent massive increase in culture war catching the media's attention (and in turn, dividing the public on yet another contentious issue) was to some degree coordinated...and I am one of those people.
legitster 4y ago
Blackrock never actually directly invested in rental properties. BlackSTONE did, and poor Twitter journalism led people to believe they were the same company. FWIW: institutional investors buying up single-family-homes (at least in the US) never really worked out. The FHA and VA programs are such huge players in the US loan market that individual investors can still outcompete big guys on financing.
- mistrial9 4y ago
  > single-family-homes (at least in the US) never really worked out. this is mis-information by incompleteness. There are records and there are lies, with a non-zero overlap. Source- investor/accountant with a US California Masters degree in Taxation
anigbrowl 4y ago
The failure of Occupy was in trying to establish a parallel polity and engage in discourse, because there was no plan about what to do next. Prefiguration is a misleading political fantasy.

TylerE 4y ago

Gotta start somewhere. Taking out one evil dude = one less evil dude = better society. Do not let perfect be the enemy of good.

mistermann 4y ago

> We all want one evil villain to blame but reality is much more complicated. Thats why movements like occupy wall st acoomplish nothing. Whether the demise of OWS was 100% due to their shortcomings and actions is speculative - a lot of people think the original demise and subsequent massive increase in culture war catching the media's attention (and in turn, dividing the public on yet another contentious issue) was to some degree coordinated...and I am one of those people.

legitster 4y ago

Blackrock never actually directly invested in rental properties. BlackSTONE did, and poor Twitter journalism led people to believe they were the same company. FWIW: institutional investors buying up single-family-homes (at least in the US) never really worked out. The FHA and VA programs are such huge players in the US loan market that individual investors can still outcompete big guys on financing.

mistrial9 4y ago
> single-family-homes (at least in the US) never really worked out. this is mis-information by incompleteness. There are records and there are lies, with a non-zero overlap. Source- investor/accountant with a US California Masters degree in Taxation

anigbrowl 4y ago

The failure of Occupy was in trying to establish a parallel polity and engage in discourse, because there was no plan about what to do next. Prefiguration is a misleading political fantasy.