Homebuyers in the United States have found difficulties acquiring single-family homes after the year-long business shutdowns and lockdowns that followed Covid-19. It seems there’s a new wave of homebuyers in the U.S. real estate market, with buyers stemming from hedge funds, pension funds, clearinghouses, and financial services companies. The weight of real estate property under the U.S. banking system’s wings today has analysts and economists very concerned about the next financial crisis.
While the U.S. government and the Federal Reserve have told American citizens the nation’s economy is hunky-dory, investigators looking at statistics know something is not right. The public is well aware that the U.S. central bank increased its monetary supply more in 2020 than any year prior in the country’s history.
Following the infamous ‘Black Thursday’ on March 12, 2020, people might assume U.S. megabanks are carrying mountains of USD. Be that as it may, what’s really going down is the Federal Reserve and the American banking cartel currently sits on top of massive heaps of mortgages, land titles, and an itch for single-family homes.
Something is up in the land of U.S. real estate, as data and a number of opinion editorials show that the Federal Reserve and U.S. mega-banks are seemingly manipulating the market. Mainstream media has been reporting on the real estate market going haywire with demand, but experts on social media are digging further. A constitutionalist commentator on Twitter dubbed “Culturalhusbandry” has been discussing the subject alongside journalist Tim Pool from the Youtube channel Timcast IRL.
“I just got denied a loan for a small single-family home,” Pool said to his 815K Twitter followers on Thursday. “I kinda think the market is rigged right now. It makes absolutely no sense. My credit is extremely high, my income is also very high. But they said my credit was too low which is absolutely not true. What’s creepy is that all this talk about firms buying up houses on the spot in cash. I’m fortunate enough that I don’t need a loan to buy a house so I can just walk past them. But what about any other working-class person?” Pool asked his followers.
The host of Timcast IRL further added:
What if Blackrock is quietly bailing out banks. Tons of mortgages unpaid over covid lockdown and they are covering up bad loans.
The real estate market has people worried that the banking cartel may try to pull another financial disaster as they did back in FDR’s day and during the financial crisis of 2008.
Some have been speculating that the real estate bubble in 2020 and into 2021, is the start of the global elite’s “Great Reset” agenda. While many think the Great Reset is merely a conspiracy theory, the U.S. property market indicates the likeliness of a possible future where: “You’ll own nothing, and you’ll be happy.” The constitutionalist commentator Culturalhusbandry believes this is the case.
“Blackrock is buying every single-family house they can find, paying 20-50% above asking price and outbidding normal home buyers,” Culturalhusbandry tweeted. “Why are corporations, pension funds, and property investment groups buying entire neighborhoods out from under the middle class? Let’s take a look. Homes are popping up on MLS and going under contract within a few hours. Blackrock, among others, are buying up thousands of new homes and entire neighborhoods,” the Twitter account with 33,000 followers said.
Culturalhusbandry doesn’t just speculate on Twitter about the reality of this massive buying as the commentator has shared a myriad of sources showing that mega banks are buying up all the U.S. real estate. The Twitter account shared reports stemming from the Wall Street Journal, Propertyreporter, New York Post, Atlantic, American Economic Liberties Project, and Barron’s which all explain that Wall Street wants to be “your new landlord.” Culturalhusbandry further said:
The Great Reset is real. It is happening. This will be the greatest transfer of wealth, and greatest consolidation of power in the history of mankind.
Estimates show the U.S. Federal Reserve’s 2020 M1 increase eclipsed two centuries of USD creation. It is also estimated that 24 to 30% of all USD was created in 2020 and Q1 2021. Moreover, the central bank’s M1 chart posted on the Fed’s website was discontinued. In recent times, inflation has gripped the American economy and the U.S. dollar has been very weak.
Investigative reports and data now show that the M1 expansion found its way into the U.S. real estate market and the banking cartel has captured a lot of property during the last year. Despite a few reverse repos, mortgage-backed securities (MBS) are being held tight by the Federal Reserve. In fact, as of June 2, 2021, the U.S. central bank owns 21% of all the mortgage bonds in America. Stats show the Fed purchased more than $100 billion per month in MBS from lenders and mega banks.
“The Fed has been aggressively buying MBS (mortgage-backed securities). Another clear example of how artificially pumping liquidity in an assets creates bubbles and issues down the line. This is not healthy,” the macroeconomic and commodities strategist Gianluca said at the end of May. The Federal Reserve’s own statistical data shows the American central bank owns around $2.273 trillion in MBS.
Well before Covid-19 made headlines in the U.S., central banks worldwide invoked massive monetary easing policy changes. Alongside this, well before Covid-19, the Federal Reserve and Wall Street banks were buying up retail and commercial properties in the form of mortgage-backed securities. Financial columnist Joy Wiltermuth from Marketwatch, reported on the Fed’s MBS purchases back in November 2019 when the bank was buying around $30 billion a month in MBS.
Wiltermuth stated that “the Fed’s goal is to eventually shed its MBS holdings,” but instead of shedding MBS, the central bank tripled its real estate buying. What if Banks are becoming insolvent due to a year of mortgages not getting paid,” Tim Pool asked his Twitter followers the next day. “Someone will have to bail them out,” the journalist added.
What do you think about working-class homebuyers competing against the Fed and Blackrock in the U.S. housing market? Let us know what you think about this subject in the comments section below.