Forum Post: Bailouts weren't enough for Wallstreet - now they want all the land
Posted 12 years ago on March 19, 2012, 9:42 p.m. EST by elf3
(4203)
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Economists at Goldman Sachs estimate the annual yield on an investment on rental property nationwide averages about 6.3%, but can exceed 8% in cities that were hit hard during the housing bust, including Las Vegas, Detroit and Tampa. By contrast, mortgage bonds have average yields of just over 3%, and investment-grade corporate bonds are yielding about 3.5%, according the Barclays Capital U.S. Investment-Grade Index.
So much better for them to own your property than to let you own it - much higher return on renting - suckers !!!
http://occupywallst.org/forum/fiefdom-in-america-land-discounts-for-the-wealthy-/
A truly great argument for rent control! Laws are the only way to fight the bankers. They need that shotgun at the door in order to behave.
No they need to limit the amount of land any one corporation or aka realty trust can own in a town or ban them from owning entirely any residential properties - Residential should be held separate from commercial property via zoning and kept out of the corporate / commercial business - enough said ....Petition anyone?
We have zoning laws for a reason Commercial vs Residential - a corporation owning residential - seems like it should be a violation to me (or we should make it one) - ps screw you Wall Street - though I do so enjoy reading your daily journal
Yep. It's all a ruse for a power grab. Land is the most valuable commodity in existence.
Rental rate in my area - $1200-1500 per month ... Mortgage = $800-$1000 (which includes taxes of about $500 per month - so in actuality the mortgage for a $120,000 home is about $500.00 per month vs renting at $1500.00. Our taxes will be used to help Wall Street purchase the property at a discounted rate which they will be allowed to buy in bulk from a program that was originally designed to enable first time home buyers get into the housing market so now Wall Street can rent to you through it instead. What an absolute disgrace.
This was in today's Wall Street Journal (not really all that all wise to publish all their evil plans) but sure helps us out
I thought that private property was evil...
The American dream is based on property ownership - not a Fiefdom (Wall Street is planning to purchase properties at a discount offered by a private corporation that the tax payers funded specifically to create home ownership) When is enough enough? First they used Fannie Mae to give out ridiculous predatory loans and let the tax payer take the fall now they plan to use it to buy land cheaply so they can rent it out at extortion-like rates and let the taxpayer take the fall. There are young couples who would purchase these homes if they didn't have to try to outbid investors every time. Doesn't any of this feel wrong to you?
I'll admit I never looked at it that way. You may be on to something.