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  • Profile picture of justawhoaman

    justawhoaman posted an update 5 years, 4 months ago

    This from CAF caused me to snap my head back. Over 700k people risk eviction in TX, highest in the country!!!
    https://www.visualcapitalist.com/mapped-the-risk-of-eviction-and-foreclosure-in-u-s-states/

    • Profile picture of FiatLux
      FiatLux replied 5 years, 4 months ago

      Gee, says I’m in the #2 most at-risk metro area. Can’t say I’m surprised. I think our psychopathic elites are hoping this makes it easier to get society to swallow a universal basic income, while they snap up tons of real estate on the cheap. I only hope this, just maybe, might make the fanatics crying for more and tougher lockdowns realize what an insane policy shutting down the economy is.

        • Profile picture of Foglamp
          Foglamp replied 5 years, 4 months ago

          I hope you’re right about the fanatics.
          I see the opportunity to snap up tons of real estate on the cheap; but to whom would the new owners rent or sell it if so many are subsisting on UBI? I’m puzzled.

            • Profile picture of FiatLux
              FiatLux replied 5 years, 4 months ago

              My hypothesis: In general, the new owners will be renting to people, not selling to them. I can see a lot of micro-apartments. If you make them small enough, and the purchase price for the owners low enough, the owners could rent the mini-apartments to anybody on UBI. Say the UBI was $1200 a month. If the real estate is cheap and you cram hundreds of tiny units in a small space, I could see them profiting at renting for $600-800 a month. Maybe the govt will kick in an extra subsidy, above and beyond UBI, for rent. It all makes sense to me, if seen from the perspective of big real-estate investment trusts and private equity firms. To make a few extra bucks, the poor will be given new “job” opportunities such as: contact tracing; earning cryptocurrency credits for wearing devices that monitor their body activity; maybe bonuses for taking vaccinations and snitching on neighbors.

          • Profile picture of Barbara
            Barbara replied 5 years, 4 months ago

            This is kind of surprising since my understanding was that Texas didn’t practiced wide spread lockdown. On the other hand NY SE banksters are apparently coming to Texas with a desire to buy RE cheap.

              • Profile picture of justawhoaman
                justawhoaman replied 5 years, 4 months ago

                The “murder” of oil and gas has put an incredible financial burden on this state. Many properties were leveraged to cover the slowly sliding oil prices but when it truly bottomed, it left many people in deep trouble. We are also a state of boon or bust – my county has either very wealthy or very not so.

              • Profile picture of Wlfgang
                Wlfgang replied 5 years, 4 months ago

                I think it’s going to get much worse….as the fallout from small businesses unfolds and layoffs increase of those currently working the spend freeze other than basics will have a huge impact. Increase in spending by the elite will be big box, real estate, security and commie snitching by the government and technocrats.

                • Profile picture of Nidster -
                  Nidster - replied 5 years, 4 months ago

                  Foreclosures are one thing. Then think of all the re-purchase of asset lawsuits against folks who either lent the money to the Purchaser’s without adequate disclosure, and/or the real estate appraiser’s who just went a-long to get-along with the mortgage brokers. So, except for the lawyers who really makes out on this?

                  • Profile picture of Rheba
                    Rheba replied 5 years, 4 months ago

                    Not sure if we can make assumptions based on our pasted system of laws, enforcement, remedies in equal justice courts.