Landlord Inc

[fschmidt]

In the Middle Ages, some were landowners and most were serfs. We are returning to this, but in a corporate form. I am not writing to complain about this. I have no sympathy for the moronic masses. I am writing to encourage people to take advantage of this. Read this:

http://www.washingtonpost.com/business/ ... story.html

These corporations are the future landlords of America. The biggest ones will be going public in the next few months. This will be the best investment available in a long time. I have never studied stock picking, but I will now because I want to pick the best of these companies.

[momopi]

http://www.csmonitor.com/USA/USA-Update ... ryNineItem


The more successful they are, the less profitable. As prices rise, rent cannot keep pace because people's salary do not increase at the same rate.

[Tsar]

America isn't returning to serfdom, America is serfdom. Feudal Lords (CEOs), Vassals (Executives), and Serfs (Common Workers). Most of the wealthiest people in society are plutocrats. Most plutocrats hold political power. Both people and corporations can be oligarchs. Most of the oligarchs control the media, financial, pharmaceutical, and oil sectors. Former Feudal Lords, Vassals, and plutocrats control the government agencies. The oligarchs pay lobbyists and reward lobbyists. Small business was what allowed people to be independent and rise out of serfdom. Taxes on land and personal income is also serfdom (paying the plutocratic government).

[zacb]

I am thinking about maybe buying a cheap apartment with an upstairs loft. My
suggestion if you are in a small town, buy apartments that are duplexes or greater, are near an attraction, and are

built for a certain lifestyle that is overlook, like colleges or big box retail workers like I am. Also, some OTC pink sheet reits yield well, like 6 percent. Real estate and gold are the riches of the wealthy. Look at any dynasty, from Solomon to the Rothchilds, and they all owned land. Take a que. If you can find a fixer upper almost everywhere. Be a value investor.

As for serfdom, I was thinking about this today. That is the one thing I want to avoid, that is, being a serf myself. In between competition, the materialism, corruption, and just stupidity, I just hate the mentality, but people continue to accept it as truth. I wouldn't mind working in HK or Singapore, but both are the same. Oh well, I guess I will just make my own way. Better than being a serf.

[Tsar]

My suggestion is that land abroad is more valuable than American land. Emerging economies, traditional cultures, and the production value of the land are all factors.

The Midwest of America is nearing a water crisis and a new Dust Bowl. California, New York, Hawaii, and the Northeast have expensive property tax. Residential properties aren't very profitable, unless the owner can charge inflated rent costs and pass on most of the costs to the tenant. New construction in America is very expensive.

Farmland, water supplies, land with minerals and valuable elements, mines, woodland, and land developed for apartments (or a resort) would be more profitable. Going abroad is the best option because American costs, taxes, regulations, and barriers to entry are great. The policies in America are built to keep everyone down and elevate the elites to their own dynasty. Translation: Lack of social mobility and the destruction of free-enterprise, capitalism, and competition.

Starting a business abroad is safer and better than starting one in America. Owning land abroad is better than owning land in America.

[momopi]

A serf is a peasant who worked on his or her lord's land, does not hold title to the land and is not allowed to leave the land without permission from his/her lord. If a girl wished to marry someone from another serfdom, she must pay her lord for the loss of her labor.

America's at-will employment doctrine means that an employer or employee may terminate his/her employment at will, with few exceptions. You have no obligation to remain employed at a company, nor are you obligated to work for anyone other than yourself. You are also not required to stay, you can vote with your feet and go wherever that accepts you, including any other country.

Never assume that the government (or your employer) really needs you. There are far more people who want to move to the US than those who wants to leave. You are easily replaceable with a cheaper immigrant.

Some would claim that the 30 year mortgage is long-term bondage. Nobody forced you to buy a house and nobody forced you buy a house with 30 year loan. It's your choice to buy a cheaper home with 15 or even 10 year mortgage, and make additional payments toward your principal. Very few mortgages have prepayment penalties today. I've known a number of people who chose smaller/cheaper homes with 15 year loans, have it paid off and retired early.

[Cornfed]

A serf is a peasant who worked on his or her lord's land, does not hold title to the land and is not allowed to leave the land without permission from his/her lord. If a girl wished to marry someone from another serfdom, she must pay her lord for the loss of her labor.

America's at-will employment doctrine means that an employer or employee may terminate his/her employment at will, with few exceptions. You have no obligation to remain employed at a company, nor are you obligated to work for anyone other than yourself. You are also not required to stay, you can vote with your feet and go wherever that accepts you, including any other country.

There are two ways of making someone stay in one place. One is to compel them not to leave and the other is to make sure they have nowhere else to go. Modern regimes have succeeded in achieving the former. If the average wage slave left their job they would likely be facing destitution, starvation etc. unless perhaps they found another job which would likely be under fairly similar conditions. Serfholders don't generally care about swapping their serfs occasionally because, as you point out, modern serfs are expendable, and therefore in a much worse position than medieval serfs.

Some would claim that the 30 year mortgage is long-term bondage. Nobody forced you to buy a house and nobody forced you buy a house with 30 year loan. It's your choice to buy a cheaper home with 15 or even 10 year mortgage, and make additional payments toward your principal. Very few mortgages have prepayment penalties today.

Most aspects of the process - the nature of land title, most of the high price of housing, the fact that money is created as interest bearing debt and its consequences etc. - are indeed imposed on the serfs by force. Their only likely alternative most serfs have to a mortgage is renting and paying off someone else's mortgage while having title to nothing, which is engineered to be a worse alternative in most cases. Saying that you are not acting under compulsion because you have the option of taking an engineered worse alternative is like saying someone voluntarily hands over his wallet to a knife-wielding robber because he has the alternative of being stabbed.

I've known a number of people who chose smaller/cheaper homes with 15 year loans, have it paid off and retired early.

Here you are simply talking about the conditions of serfdom. Previous generations of serfs got much better conditions with more options from their lords and masters than most young men are currently offered.

[momopi]

Most aspects of the process - the nature of land title, most of the high price of housing, the fact that money is created as interest bearing debt and its consequences etc. - are indeed imposed on the serfs by force. Their only likely alternative most serfs have to a mortgage is renting and paying off someone else's mortgage while having title to nothing, which is engineered to be a worse alternative in most cases. Saying that you are not acting under compulsion because you have the option of taking an engineered worse alternative is like saying someone voluntarily hands over his wallet to a knife-wielding robber because he has the alternative of being stabbed.

Missed the part where I said "buy a cheaper house" ? I bought a 2 bed 2 bath fixer-upper SFR last year for ~$98,000 in Riverside County. Mortgage is $380/month.

Same applies to rent. If you want to save money, instead of renting your own apartment, you rent a room or share an apartment. The money that you save and put into your savings or investments is your nest egg.

I'd happily take the land title in US (or Taiwan) over land lease in China.

Here you are simply talking about the conditions of serfdom. Previous generations of serfs got much better conditions with more options from their lords and masters than most young men are currently offered.

In the past, when a serf buys his freedom, he pays his lord and the money is gone. Today, when you pay off the mortgage of your home, the equity is yours to keep. And when you sell your home, up to $500,000 of equity gains are tax exempt. However, should you lose money from the sale of your primary residence, you do not get to deduct the losses.

Previous generation of Americans did not carry as heavy of a debt burden from their homes, partly because the homes were smaller and therefore cheaper. In 1950 the average size of a new build SFR was 983 sq ft. In 2004 it was 2,349 sq ft. Again, nobody is forcing you or anyone else to buy an expensive McMansion.

[Renata]

I will always invest in land or land with a house property, because it appreciates' ... whereas apartments are just pretty bricks & concrete & it depreciates when the building gets older. That is a bad investment. Always make sure the land is yours not what's on it. Don't let them try to sell you a ton of bricks & cement, that's what condos & apartments really are. It's also what it's really worth.

[Moretorque]

\
\ You don't own chit in this country anymore, anytime they want they can bankrupt you with a push of a button. The whole system is so rigged at the moment and the way the economy is being gutted every year their will be practically no way to generate the purchasing tickets to pay the loans back on the property you buy.

The rules do not apply to the elites front people who buy the properties up for investment for the rulers behind the scenes. Investment for who ?, more like the credit monopoly creates the fake money then buys the property up with a front company and steals all the fruits of our labors and gets the properties for free making their portfolio grow for their communist dictatorship. The economy is having all the economic driver's taken out of it so there will be no repayment of the loans in full from the private side of the economy, just more of the same debt treadmill and then pull the rug out from under the debt surfs.

All the property will go back to the credit monopoly where they created the funds out of nothing for you to repay, if you want to implement UN 21 and herd us into MEGA smart growth zones you have got to make the process look legitimate by making us homeless on the continent our fore father's conquered and then blame the misfortunes of capitalism for it..

Creating a Fuc king loony bin to say the least.

[fschmidt]

American Homes 4 Rent has gone public.

http://finance.yahoo.com/q?s=AMH

This is the most promising company in this space. I plan to research them now. Note that I am a computer programmer with no knowledge of finance, accounting, or investing. But one advantage I have over most investors is that I have a brain. I will report what I find here and I welcome others to do the same.

[Moretorque]

Most aspects of the process - the nature of land title, most of the high price of housing, the fact that money is created as interest bearing debt and its consequences etc. - are indeed imposed on the serfs by force. Their only likely alternative most serfs have to a mortgage is renting and paying off someone else's mortgage while having title to nothing, which is engineered to be a worse alternative in most cases. Saying that you are not acting under compulsion because you have the option of taking an engineered worse alternative is like saying someone voluntarily hands over his wallet to a knife-wielding robber because he has the alternative of being stabbed.

Missed the part where I said "buy a cheaper house" ? I bought a 2 bed 2 bath fixer-upper SFR last year for ~$98,000 in Riverside County. Mortgage is $380/month.

Same applies to rent. If you want to save money, instead of renting your own apartment, you rent a room or share an apartment. The money that you save and put into your savings or investments is your nest egg.

I'd happily take the land title in US (or Taiwan) over land lease in China.

Here you are simply talking about the conditions of serfdom. Previous generations of serfs got much better conditions with more options from their lords and masters than most young men are currently offered.

In the past, when a serf buys his freedom, he pays his lord and the money is gone. Today, when you pay off the mortgage of your home, the equity is yours to keep. And when you sell your home, up to $500,000 of equity gains are tax exempt. However, should you lose money from the sale of your primary residence, you do not get to deduct the losses.

Previous generation of Americans did not carry as heavy of a debt burden from their homes, partly because the homes were smaller and therefore cheaper. In 1950 the average size of a new build SFR was 983 sq ft. In 2004 it was 2,349 sq ft. Again, nobody is forcing you or anyone else to buy an expensive McMansion.

You are full of it, the whole game is rigged by the Fed. I suggest you go educate yourself about what the FED is doing at this very moment in order to re inflate the whole housing and property sector and at the same time taking all the drivers out of the economy so paying your mortgage back will be nearly impossible for future generations.

Lenin said, and I am not taking about John Lennon of the Beatles, " We will get rid of the middle class through taxation and inflation" . People still have not figured out the purpose to tie your money to something real. The 1792 coinage act specifically stated that counterfeiting and debasing of a currency is punishable by death!

The lights be on for 20 years now and all I can say is this thing be one stupid Mother f***er!

[Teal Lantern]

I will always invest in land or land with a house property, because it appreciates' ... whereas apartments are just pretty bricks & concrete & it depreciates when the building gets older. That is a bad investment. Always make sure the land is yours not what's on it. Don't let them try to sell you a ton of bricks & cement, that's what condos & apartments really are. It's also what it's really worth.

Is there a list of places without a property tax?

It seems in every developed (and some not-so-much) country I've looked at, they have some version of an annual tax/fee paid on the home & land you (supposedly) own.

In the last year or so, Greece added a property/land tax and tacked it on to peoples' electric bills.
Governments seem to be adding fees faster than taking any away.

[Jester]

American Homes 4 Rent has gone public.

http://finance.yahoo.com/q?s=AMH

This is the most promising company in this space. I plan to research them now. Note that I am a computer programmer with no knowledge of finance, accounting, or investing. But one advantage I have over most investors is that I have a brain. I will report what I find here and I welcome others to do the same.

You are right about this trend.

The trend is favored by the troubled Wall Street lenders, because it sops up inventory, creating a floor for pricing. These big banks have been restricting inventory for some time. Now these new mega-buyers in the market will solve the banks' problem. SInce it solves the problem for America's biggest, baddest and most connected, the PTB support it. My point is that being politically favored, and being a good idea anyway, there is really no fundamental downside risk.

As for those saying there are more lucrative investments, sure. But it's a lot easier to collect rent than to operate, say, a minerals extraction business. And this stock gives SFH exposure to institutional investors who heretofore have been unable to play in the foreclosure market till now.

If you don't buy the stock, the Chinese will.

[xiongmao]

Buy small apartments for single people. Buy used, not new.

Owned my box for 7 years, only had 1 week without a tenant.