/biz/ - Business & Finance

>NO YOU CANT JUST BUY THINGS NOOOO

>>50222883
every time i try bezos or gates outbid me

>>50222883
black vf black bf black bf

>>50222883
Of course those republicucks are seething that a proud american bought it instead of some chinese firm

>capitalism is good
>NOOOOOOOOOOO YOU CAN'T BUY THAT IF YOU'RE LE GLOBOHOMO GLOWIE CHINK TRANNY BOOGEYMAN OR BROWN(ER THAN ME) DO SOMETHING DRUMP, SAVE ME

A piece of shit move. He will rent it out to farmers who would’ve been the owners otherwise. Bill Gates and Blackrock are scum of the earth

>>50222883

All jokes aside, WHAT THE FUCK ARE THEY UP TO?

>>50222883
>Bill Gates dies
>his Khanate is distributed to his legion of IBM clone-sons

>>50222906
>just let the guy who got convicted for monopolistic practices already own all the food lmao who cares just don't eat nigga
retard

>>50222906
You have to be 18 to post here

>>50222938
>glowie faggot who got DARPA money to create a monopoly to spy on people
>capitalism
The government doing things is the opposite of capitalism btw.

>>50222883
You can tell this guy is desperate to immortalize in history.

>>50222883
>man purchases farmland worth 0.01% of his net wealth

He bought it so China doesn't buy it.

>>50223167
whooops

>>50222883
>>50222944
Unironically, has anyone point-blank asked him what he plans to do with all this farmland?

>>50223061

>NO YOU HAVE TO BE 18 TO POST HERE NOOOO

>>50222972
i dont think he cares about blood legacy. ive lurked his kids social media and they're all turbo normies. his daughters also love foreign men. maybe his real heirs are secret

>>50223097
Tech incels are blight upon humanity.

>>50223033
>trusting the government's opinion of a business
lmao not gonna make it

>>50223070
>NOOOOOO YOU HAVE TO ONLY TRUST SPECIFIC FEDERAL COURTS YOU CAN'T LIKE MILITARY RESEARCH TOO
lmao destroyed yourself in just 2 posts

>>50223251
It's a hedge against hyper inflation

>>50223630
This is assuming that Bill isnt just an agent. We probably vastly overstate the actual power of public figures given to us as tech gods. In reality little more than actors.

>>50223785
yeah my friend has a theory that facebook was just a darpa program to make everyone divulge their personal information

>>50223728
Well productive real estate and SOME rental real estate can be.
I wouldn't want to be at the upper end/luxury side of residential during hyperinflation.

>>50222883
pretty sure there's a property tax so faggots such as this would be discouraged from controlling literal fiefdoms, but guess no one anticipated the cartoonish disposable wealth that a bunch of 1s and 0s would create :/

>>50222906
>>50222929
>>50222938
Op's retarded thread really triggered the glowies. Interesting.

You'll own nothing and be happy. They'll buy up all the farmland. Thank capitalism

>>50222929
Who cares?

>>50223167
It's amazing how foreigners can just waltz into America and buy every property in Miami and the rest of the country.

>>50224463
how would the government owning it be any different

>>50222883
The federal department of agriculture stole my farm.

>>50222883
Time to start squatting in Bill's land.

Fun facts about squatting
>squatting (aka adverse possession) is a legal way to gain property for free
>the process of squatting requires you to live on the property for a period as few as three years to as many as 40
>it needs to be obvious to anyone that visits the property that you are living there
>it is also helpful to make improvements and pay property taxes
>remote areas work best for this since fewer people come near the property
>rules for taking possession vary by state so it makes sense to do your homework
>even if the owner finds out you are there they will need to get a judgment in court to get you removed
>since squatting is not a criminal offense police can not keep you from off the property
>in fact without a judgment the owner can not enter it
Squatting is a fun way to have a nice home and potentially get it for free. So rentoid why aren't you squatting? It's the only way you'll ever get a zestimate.

Because I'm inheriting it

>>50223941
>>50223728
>>50223251

My family owns a little under 13k acres

It's an income-producing asset with much lower capex/opex than residential/commercial RE. you buy it, you pay tenant farmers (sharecropping) to farm it, to fertilize it, to grow it, to bring it to market and harvest it and sell it. They have to purchase all the equipment/own it themselves, they work the land, and you squeeze them on rent (they make 20-40k a year maybe at all but the available labor force is dwindling, the only real caveat). You pay the farmers partly for their expertise in determining when the market the crop and they often have good seller networks, although a lot of the time you're just on selling end of an option contract via Chicago CME.

You make millions, your tenant farmers get fucking screwed, and the amount of effort you put in is minimal.

You'll have bad years with no profit or operating in the red, often because mother nature decided to fuck you. and that sucks so you have to be prepared to spend 10k-200k worst case scenario. You also have to pay for wells, irrigation, crop leveing/grading.

Yeah, the land is an inflation and recession hedge too. farm land appreciates 1-3% per annum, but it doesnt decline in recessions the way residential/commercial property does.

You'll average returns 6-14%, usually 7-8%, not beating SP500, but there is less risk.

If you set it up in a series of trusts, it essentially acts as an annuity and pays members of the family. That's the point where mine is at now, and no one can fuck with ownership or management easily and risk spending the family fortune.

>>50223251
i heard that he plans to create synthetic meat so he can substitute real meat with his shitty artificial one and make more money and help "reduce CO2 emissions"

Hang the farmers for selling their land to the enemy. They are traitors to humanity.

>>50224565
When the government rents it out, it's cheap.
Try government owned housing, it's always super low rent. I'm trying to get it right now instead of buying a house because it's a bad time to enter the housing market

>>50222944
I guess it has something to do with famine and eating ze bugs

>>50224990
aren't those only for poor people and crippled boomers?

>>50225067
No they are for everyone if you apply for it. You've got to be smart

>>50222883
the state doesn't let you own land, you can only rent it.

>>50224444
the quads have spoken

>>50225186
>Gotta pay the taxes on your multi-family residential apartment complex, anon

How would short term rentals do in a high inflation environment? Seems better than traditional rentals