/biz/ - Business & Finance

>>27449038
Here in Vancouver/greater Vancouver area houses and low density apartments are being torn down. The land is sold to development companies who build high-rises/higher density apartments. You can invest in the developments before they are complete. They sell units at various stages of the development process to minimize their own risk (if the development fails/ goes bankrupt you are on the hook, but you might be able to get insurance) and generate cash flow.

>>27449038
how about you build one

2027-2037 is when the boomers will put their houses on the market.

>person with no RE knowledge thinks he is going to make money renting
You missed the boomer train dude. Even most boomers are lucky to not be in the red unless theyre already free and clear

>>27449278
vancouverite here. How do I invest in these development companies ?

>>27449038
are people going to be kicked out of their houses when the government stops extending their rent-free months?

>>27449502
They usually rent out some retail space. There are showrooms all over Port Moody with fancy scale models of how the neighbourhood will look when the development is complete. The showrooms open before construction, and remain open throughout. I would recommend a google search for Vancouver development companies, narrow down your options, and make appointments.

san francisco is so shite

>>27449396
This. You don't become rich by renting houses. Maybe some quick to flip apartments but even then you will probably get fucked. The real money is in RV campgrounds, those fuckers are always making you money and with the influx of homelessness and (((small footprint))) living millenials have been brainwashed into the times couldn't be better.

>>27449038
When everyone dies.

>>27452915
so COVID-20?

>>27449038
Real Estate anon here. There’s rumors of many construction being made here in California to allow low income and minorities to buy their homes, only problem is that most won’t check credit and are gonna start giving them away carelessly to create a second housing bubble. Even CDOs are starting to get formed as the pandemic passes. They tell us to not be critical of the people getting the homes no matter what credit score they’ve got so we’re most likely seeing the start of a new housing crash like in 2008 except that it’ll happen with minorities because of Equal Housing Act that Trump tried to remove but then Biden stabilized it and had it strengthened as well as a lot of BLM protests causing these CDO loans to favor minorities that’ll fuck Em in the ass after the pandemic is over plus the foreclosures and evictions in California being pushed back will create more housing for these minorities too. Best info I can give since I love you Anons and I want you all to make it

>>27452395
Based

>>27453267
ok so how does this help us make it lmao.

>>27453267
How can I apply for one of these loans? I make a living wage but after deductions my income on paper is like $16k/year. Do I have to be black to apply?

>>27453008
Floyd-21

>>27452395
What about buying a house that's divided into 3 units and renting 2 of them out and living on the top like a king

>>27453569
You make it by shootin fast and eating ass. No but really, just say ready. Get with a group of people you trust (neighbors) and gather supplies and just say alert. Keep your head on a swivel and think.

Guns and gold/silver never hurts to have.

>>27453586
For current black businesses
https://www.google.com/amp/s/www.uschamber.com/co/run/business-financing/funding-options-black-owned-businesses/amp
Most of these CDOs are loans for minorities but can only be purchased by insurance companies, banks, pension funds, investment managers, investment banks, and hedge funds. Meaning the banks on the lists are where you can take out these shitty loans for mortgages that minorities were not taught to read when it comes to making down payments for homes, businesses, and more capital that they might own. Keep in mind that these are not exactly grants and they are doing this using social justice movements to push it through. Much like the Bush administration helped out veterans in their GI Bill that promised them homes and such in a Republican era, the Biden administration is most likely gonna allow this to happen because it’ll be against minorities, especially with Janet Yellen and other globalist bankers in his Cabinet

>>27453569
>>27453857
Not necessarily saying take up arms. I’m saying that if you people are up for it, you could tell others to short the housing and/or business markets in inner city and urban areas where many gentrification is happening and where minority Americans move into the new suburbs. Short it or not, it’ll give you time to maybe buy some of their homes when it’s cheap due to the crash. It’ll happen probably sometime around this decade or even the next but most of this is done to not only give Wall Street the power to short the market again like in 2008, but also scapegoat “muh institutional racism” for this, make more people pay for taxes for the affected and for bailouts, and most likely make some property deals with China and other foreign entities

>>27454098
>The Community Development Financial Institutions (CDFI) Fund, part of the U.S. Treasury Department, plays a vital role to help lesser-served U.S. business owners by increasing access to capital. Many Black-owned businesses have been helped by CDFIs because these institutions specifically “provide loans, investments, financial services and technical assistance to underserved populations and communities.” On top of this, the CDFI Fund offers tax credits to spur investment.
$54 billion in tax credits if you make a loan which you would not otherwise make. I know that 54 billion dollars seems like nothing in a time where the deficit increases by a trillion dollars a month, but you're taking out 54 billion from what would otherwise be money to fund government spending, and use it to invest in unviable businesses. If the businesses were viable, they would already have attracted investment capital. This drives up prices, because the government is still going to print money to meet the budget, and the businesses invested in will get their money anyway, driving up rents and prices.

>>27454438
Oh wait, it gets better - they're bonds, so will be used to collateralize other loans. So the government misses out on 54 billion (but prints it anyway), the unviable businesses get 54 billion to lose, and the banks just take the tax credit then roll the bond into a larger bond and sell it off to some other sucker, and don't care whether the loan gets repaid or not. Isn't this 2008 all over again?

>>27454438
Thus poising them out for doom. This was targeted specifically towards minorities because around 2008, many of them did not have property and now that they’re catching up with unemployment checks and shit to buy their own businesses and homes, they’re very uneducated because no one taught them about what to do. This along with support of the “support black businesses” plus DACA students being integrated to America to pay taxes and having immigrants migrate more to America, it’s poised to be unviable so that they could give it to everyone, drive up the price until it finally crashes at some point because these CDO-type loans are gonna start racking up and these people are not gonna know what to do.

>>27454357
He didn't ask what to do he asked how to make it. You think all these people being foreclosed on and kicked out will go peacefully?

Buy land and build.

>>27449038
Kind of off-topic, but wouldn't it make sense for young people to continue living with parents? Think of the benefits:
>Young adults save money by not having to pay as much rent, meaning they can put it towards buying their own property
>Instead of their money going to some random Jew's pockets, it's going to pay off their boomer parents' mortgage (yes, I know, it ends up in Jew hands ultimately)
>Young adults can take care of their parents as they age in a comfortable, familiar environment which fosters stronger family ties
>As a result of not as many prospective renters/buyers, the housing market calms the fuck down and drops a bit as inventory is made more widely available. Then rent/housing prices drop inevitably.
I'm a burger myself but have never understood the stigma around multigenerational families living together. I think it's a wonderful thing that's really only allowed for minorities, socially speaking.