Tag: Private Equity

You’ll Own Nothing, and Be Happy

If you’re wondering why house prices have DOUBLED in the past few years, this is why: private equity. That is, large investment groups, like Blackrock and Vanguard, which own substantial stakes in nearly EVERY US corporation.
 
These firms are buying up single-family homes, to turn around and rent back to us, paying WAY over asking price to snap them up. This lady points out that we knew it was happening, we just didn’t know how fast. And it’s bad. Really bad. TWICE as bad as we thought. In less than a dozen years, an average family will simply not be able to buy a house. Period.
 
“You’ll own nothing, and be happy,” say people at the World Economic Forum.
 
I blame private equity for just about everything bad happening now, but I’ll save the full rant for another time.
 
@tiffanycianci

Replying to @Gumie35 #greenscreen #PrivateEquity has acquired as much is 44% of all single-family homes in the United States in the last year, and we are on track to have a full-blown #monopoly of all single-family #housing in the next two years! And the politicians we trust have been taking donations from the same firms that are forcing out #workingclass #Americans from homes and rentals all across the US! This has exacerbated the #housingcrisis and the #wealthgap while all but ensuring they have the donations they need to get reelected and keep their donors happy!!! #lobbyists#lobbying#corruption#monopolies#ImFeelingFrench#boycottkelloggs#LetThemEatCake#eattherich#boycott#housing#housingcrisis#housingmarket#realestaterealestateinvesting@@OpenAI#blackstone#blackrock#vanguard#hedgefundkennedy24@@Robert F. Kennedy Jr#jeffjackson adamsmith@@cancelthisclothingcompany@@Tony@@Real Wicked Witch of the West

♬ original sound – TiffanyCianci

On eve of bankruptcy, U.S. firms shower execs with bonuses – Reuters

Source: On eve of bankruptcy, U.S. firms shower execs with bonuses – Reuters

Every time there’s a hiccup now, the government slathers a bunch of money all over all the current-crony companies, when the entire point of a corporation was to bear the risk of the market to reap the rewards of the profit. (Which they then hide in offshored shell companies.) Companies are running this country. We have a corporatocracy. Or maybe just a plain old plutocracy. The older I get, the more this sort of thing makes me nauseous. Let these companies fail, and give smaller companies a chance to get their foot in the door to take up the slack. No matter how much of a fan you may be of capitalism, you have to admit that the “market” is completely broken. Whatever it is we have at this point, it is NOT capitalism.