Your comment on the UK is a good summary view from 10,000 ft. Get down to 5,000 ft and the immigration issue begins to stand out. Get down to the ground and you will understand why parts of London are called Londonistan as well as similarly other large regional cities, particularly in the Midlands and North East. These were the heartlands of heavy industry, steel casting, precision engineering, shipbuilding, car manufacturing, offshore oil and gas drilling with onshore engineering etc etc. All mostly gone and mostly as a result of government policies. People used to believe that this was due to Conservative party policies, and are not wrong, except that Labour sold them out under Tony Blair back in 96-97. I read that US tax rates of 40% kick in around $640k income per annum, here they kick in around $100,000 pa. People are truly fed up at almost every single policy that is being pursued yet voting one set of fcks out changes nothing or makes it even worse.
Multi family is an area I work in and if you want a simple gurus test, ask them about Shadowstats and what the real inflation rate was in the Biden years.
Out of state syndicators are hurting I’ve heard. This is a group that puts money together to buy properties.
What’s happening is multi family outside California was properties were bought at low interest rates, and commercial loans are only for 5 years. And some are variable interest rates. They bought at negative cash flow and assumed rents would continue the astronomical rise. And did not account for the new builds. Or rents falling. Or insurance rates increasing (Florida I’ve heard, and definitely California).
California is pretty solid. The valuations are still sky high, and people are buying at negative cash flow. Cap rates around 6%. Sales are slow. Owners are fleeing La city. New builds were only happening in the luxury segment or government subsidized. In California owners are hurting because costs are increasing, especially in super rent controlled areas. Hiring a person with taxes etc is basically $30 an hour. Insurance has doubled for us. And the legal liability is increasing, where landlords feel you have a target on your back. It’s hard for a small guy to stay up to date on all the laws.
We are seeking to move more into commercial due to the negatives in multifamily. It’s a service business and for small owners it’s exhausting. And using a management company has many costs.
"New builds were only happening in the luxury segment or government subsidized....
And the legal liability is increasing, where landlords feel you have a target on your back. It’s hard for a small guy to stay up to date on all the laws."
Ditto for Oregon. Legislators are busy solving the housing crisis...
by borrowing money to subsidize the construction of affordable housing projects by big players who do so as the price they must pay to complete other more remunerative projects...
and by driving out small landlords by writing an ever-expanding suite of laws to protect renters, laws which only the big players can afford to protect themselves from.
The goal seems to be that nobody rents to anybody outside the suffocating embrace of government (read: Democrat party) approval.
Let the sanctuary cities and states burn to the ground. Let them have what they want and give them what they deserve at the same time. Use troops strictly to protect federal property. Be very aggressive in their defense while letting the state and local properties to be destroyed.
Nothing can save the UK. Time to man the lifeboats.
In la city it’s a nightmare with the past rent. Overall the amount of tenants that did not pay is small. Evictions in la county have gotten more complicated, and la city is even worse. And in la county, the government will even pay an attorney to fight the eviction. There are only 2 sheriffs I heard in la county posting vacate notices, so there is a wait for that. Think 6 months to evict so budgeting $20k including lost rent in la county. And this is if the eviction goes well.
Cash for keys is a great option. Riverside and San Bernardino counties are saner. The biggest victim are the small guys that can’t afford this cost. And they are taking vacancy control, where the new tenant pays the same as the old. Plus due to insurance you are forced prograde the electric, and la city has special requirements for that.
And the new proposed laws make it even worse.
Luckily we did not experience this past due rent issue.
I have been told personally by a very highly-placed source that the plan is a complete takeover of the US from South America. Of course the US has been brutalizing these people for over a century, leaving Latin America in a shambles. JFK initiated the Alliance for Progress to bring about fundamental change but we saw what happened to him. So now, with Hispanics as the leading wedge, it also appears that China, along with players from various terrorist groups are in on the game. The attack is being led from the highest level of globalist finance HQ'd in London. The plan is to squeeze everything they can out of the US to keep their wars in Ukraine and Israel going, then to destroy our country. You see, they harnessed the power of the US to fight their wars against Germany, then Russia, then the Islamic world, but there was always the danger that the US would get too big for its britches. So the takedown has now begun. Remember too that Canada is in fact a British crown colony, so the squeeze is coming from that direction too. That's why Carney is there--to attack the dollar. How will Trump fight back? We're starting to see with his calling out the National Guard and Marines, but it will take more than that. It will take a new vision of a sovereign US free from the British Empire which is alive and well in the City of London. Whoever can articulate and implement that vision will win.
Your comment on the UK is a good summary view from 10,000 ft. Get down to 5,000 ft and the immigration issue begins to stand out. Get down to the ground and you will understand why parts of London are called Londonistan as well as similarly other large regional cities, particularly in the Midlands and North East. These were the heartlands of heavy industry, steel casting, precision engineering, shipbuilding, car manufacturing, offshore oil and gas drilling with onshore engineering etc etc. All mostly gone and mostly as a result of government policies. People used to believe that this was due to Conservative party policies, and are not wrong, except that Labour sold them out under Tony Blair back in 96-97. I read that US tax rates of 40% kick in around $640k income per annum, here they kick in around $100,000 pa. People are truly fed up at almost every single policy that is being pursued yet voting one set of fcks out changes nothing or makes it even worse.
Both countries have their Uniparties that have sold out the people.
Multi family is an area I work in and if you want a simple gurus test, ask them about Shadowstats and what the real inflation rate was in the Biden years.
Out of state syndicators are hurting I’ve heard. This is a group that puts money together to buy properties.
What’s happening is multi family outside California was properties were bought at low interest rates, and commercial loans are only for 5 years. And some are variable interest rates. They bought at negative cash flow and assumed rents would continue the astronomical rise. And did not account for the new builds. Or rents falling. Or insurance rates increasing (Florida I’ve heard, and definitely California).
California is pretty solid. The valuations are still sky high, and people are buying at negative cash flow. Cap rates around 6%. Sales are slow. Owners are fleeing La city. New builds were only happening in the luxury segment or government subsidized. In California owners are hurting because costs are increasing, especially in super rent controlled areas. Hiring a person with taxes etc is basically $30 an hour. Insurance has doubled for us. And the legal liability is increasing, where landlords feel you have a target on your back. It’s hard for a small guy to stay up to date on all the laws.
We are seeking to move more into commercial due to the negatives in multifamily. It’s a service business and for small owners it’s exhausting. And using a management company has many costs.
"New builds were only happening in the luxury segment or government subsidized....
And the legal liability is increasing, where landlords feel you have a target on your back. It’s hard for a small guy to stay up to date on all the laws."
Ditto for Oregon. Legislators are busy solving the housing crisis...
by borrowing money to subsidize the construction of affordable housing projects by big players who do so as the price they must pay to complete other more remunerative projects...
and by driving out small landlords by writing an ever-expanding suite of laws to protect renters, laws which only the big players can afford to protect themselves from.
The goal seems to be that nobody rents to anybody outside the suffocating embrace of government (read: Democrat party) approval.
Let the sanctuary cities and states burn to the ground. Let them have what they want and give them what they deserve at the same time. Use troops strictly to protect federal property. Be very aggressive in their defense while letting the state and local properties to be destroyed.
Nothing can save the UK. Time to man the lifeboats.
Are multi-family housing mostly renters? The same renters who did have to pay rent for months/years during the pandemic? Maybe I’m off track.
In la city it’s a nightmare with the past rent. Overall the amount of tenants that did not pay is small. Evictions in la county have gotten more complicated, and la city is even worse. And in la county, the government will even pay an attorney to fight the eviction. There are only 2 sheriffs I heard in la county posting vacate notices, so there is a wait for that. Think 6 months to evict so budgeting $20k including lost rent in la county. And this is if the eviction goes well.
Cash for keys is a great option. Riverside and San Bernardino counties are saner. The biggest victim are the small guys that can’t afford this cost. And they are taking vacancy control, where the new tenant pays the same as the old. Plus due to insurance you are forced prograde the electric, and la city has special requirements for that.
And the new proposed laws make it even worse.
Luckily we did not experience this past due rent issue.
So the protests were "raucous"? I'm "raucous" on Friday evenings but I don't throw things at cops or burn down buildings.
Thanks Mark. I just posted this on the Forbidden.New site.
Thanks to Forbidden.News for covering this story from the ground.
An American civil war has begun, as I wrote here: https://www.globalresearch.ca/world-war-iii-is-on-but-the-empire-has-already-lost-an-american-civil-war-looms-spiritual-transformation-is-the-only-way-to-prevent-extinction/5868285
I have been told personally by a very highly-placed source that the plan is a complete takeover of the US from South America. Of course the US has been brutalizing these people for over a century, leaving Latin America in a shambles. JFK initiated the Alliance for Progress to bring about fundamental change but we saw what happened to him. So now, with Hispanics as the leading wedge, it also appears that China, along with players from various terrorist groups are in on the game. The attack is being led from the highest level of globalist finance HQ'd in London. The plan is to squeeze everything they can out of the US to keep their wars in Ukraine and Israel going, then to destroy our country. You see, they harnessed the power of the US to fight their wars against Germany, then Russia, then the Islamic world, but there was always the danger that the US would get too big for its britches. So the takedown has now begun. Remember too that Canada is in fact a British crown colony, so the squeeze is coming from that direction too. That's why Carney is there--to attack the dollar. How will Trump fight back? We're starting to see with his calling out the National Guard and Marines, but it will take more than that. It will take a new vision of a sovereign US free from the British Empire which is alive and well in the City of London. Whoever can articulate and implement that vision will win.
Correction: the British Empire is "alive" but not "well"
Here's what I just posted on Mark's latest:
https://montanarcc.substack.com/p/the-british-empire-is-alive-it-aims-0fe