Communism By The Back Door
What is happening now in the UK and the US
There is a move about to buy property by certain trillion dollar corporations who are paying 20% – 50% over market value. In the US, it is being done by Blackrock and Vanguard and it’s being done by other corporations in other countries, too.
Talking from personal experience, my wife and I are looking to buy property. When you go online and find a home, you can see what similar homes have sold for in the same neighbourhood in the past year. One of the best places to do this is Zoopla.com What we discovered is, that some homes have sold for up too 90% more with the average price up 45% in the past year! No one pays those prices unless it’s big corporations with deep pockets.
Also, what has transpired in the UK in the past year is that there has been a huge increase in “lease hold” where you don’t own the property but only rent. In effect, these properties are taken off the market and put back on as rental property. And, you have to pay ground rent, too.
Why are these pension trust fund corporations doing this? So, they can charge you rent. With the prices they are paying, your rent will be like a mortgage and you won’t own anything. (Remember Klaus Swab saying, “You will own nothing but you will be happy.”)
The government of the West have not been so bold as to say it’s illegal to own property so they do it by the back door and you pay rent.
With artificially high prices like this, many people would not be able to buy a home – especially first home buyers. When you can’t afford property it’s like not being allowed to own it.
We just looked at a property that was very reasonable and it sold in four days after it was on the market. My aunt’s home went in 2.5 hours. In these two cases they were private buyers – they were fortunate. But there are face-less corporations that are buying up homes, too. One out of seven homes in the US is bought by a corporation.
This is what I call “Communism by the backdoor,” where everyone is forced to be renters. If you have cash in the bank, two things can go wrong. 1 The money can be devalued; 2 The rent will increase astronomically and you’ll have no choice but to pay it.
With the expected currency resent coming, the money you have in the bank that would normally be used to buy a home will be used to pay the rent. You won’t be able to get out of it as the price for a home will be out of reach. If the rent goes up – which it certainly will – you’ll have to pay it, as you can’t afford to move. The other homes for rent will either be owned by the same corporation or by another one but keep in mind, they all work together.
The very latest UK news is, that another Communist law was just passed, where if you own another home, you’ll have to pay 3% of the value of the home you are selling – even if you are in the process of moving – because you own two properties at that time. It’s a form of penalty for own two properties – even if it’s for a short time. Now, you can claim this back but what is to stop the MPs from changing the law where you can’t! And, what about the hard worker who happens to own more than one property and having the other one as a holiday home or simply as a source of income?
The only solution that I see is, to move out of your so-called “leader of the free world” country to one where you really have more freedom; where you can own a home that you can afford. The money you get for your home here will go much further in a second-world country. You would have enough money left over to start a business, too. In short, if finances permit, MOVE before it’s too late.
Copyright 2021 CIC
I have been a Realtor for the past 30 years, and this article is 1000000000000000% true. Here in Arizona, 5 bedroom homes with 3 car garage, pool, and upgraded, around 2800 to 3800 SF, use to be valued at around 280k. Now the price is upwards of 600k, and most of them are owned by overseas large corporations from Canada, Saudi Arabia, and even China (the country I hate the most for their nasty Communist Party). I have clients now that are trying to buy their first home, and it has been HELL to find a property. I also have renters calling me from the right and left, and you just can’t find a rental property. When you do, there are 3 to 6 pending applications on it. It has become hell here on earth… God have mercy on us all, and please send Yeshua pronto, to stop this craziness around the world…
Thank you for writing about your experience with the property market. It’ really horrifying. I’m sure other readers would find this informative, too.
its, pretty much, a constant source of amazement to me how US citz’ let their (dot)gov bully them… 🤔
seeing as how the US is, per capita the most heavily armed nation on Earth….