Along with the move higher in rates, the central bank indicated it will begin reducing asset holdings on its $9 trillion balance sheet. https://cnb.cx/3OXDEwL
What will this new interest rate mean for the economy and homeowners? Will we see more foreclosures, will big companies like BlackRock feed off the single family homes and buy them at rock bottom prices…. very much like the carpetbaggers??
What does carpetbagger mean in history? In the history of the United States, carpetbagger is a largely historical term used by Southerners to describe opportunistic Northerners who came to the Southern states after the American Civil War, between 1865 and 1877, who were perceived to be exploiting the local populace for their own financial, political, and/or social gain.
The modern carpetbaggers are the big corporations and governments.
When the Fed was last this aggressive with rate hikes, it took the funds rate to 6.5% in early 2000, but was forced to retreat just seven months later. With the combination of a recession already underway plus the Sept. 11, 2001 terrorist attacks, the Fed rapidly cut, eventually slashing the funds rate all the way down to 1% by mid-2003, shortly after the Iraq invasion.
Some economists worry the Fed could face the same predicament this time — failing to act on inflation when it was surging, then tightening in the face of slowing growth. GDP fell 1.4% in the first quarter, though it was held back by factors such as rising Covid cases and a slowing inventory build that are expected to ease through the year.
Will Gold and Bitcoin become the New Reserve Currency?
We note that in recent years, some countries that oppose the US dollar as a reserve currency have actively sought alternatives and abandoned the US dollar.Will Gold and Bitcoin become the Reserve Currency for more and more countries?
The USA and Canada have shown their hand that they can seize your assets, and you don’t have any rights to your own property, money or even bank account. This is very Orwellian and if anyone is interested, his book 1949 novel by George Orwell, is a must-read for anyone who is curious to understand and see the parallel of what he wrote about and what is occurring presently.
At present, representative countries including China, Russia, Iran, Venezuela, Nigeria, Indonesia, Malaysia, Angola, Thailand, Kyrgyzstan, Qatar, Pakistan and Vietnam have begun to de-dollarize, or abandoned in crude oil trade. Reduce the use of the petrodollar system; or stop or reduce the use of the dollar in other commodities and financial settlements and switch to other currencies; and three countries also publicly banned the dollar, surprising.
Landlords Losing More Property Rights Every Day, Coming To A City Near You!
These are dangerous times for landlords. We will lose our rights to our own properties.
In the first law of its kind in the U.S., San Francisco passed a right-to-organize ordinance in March, requiring large corporate landlords to recognize tenant associations on their properties, attend at least four tenant meetings a year and bargain with tenant unions “in good faith.”
If landlords fail to comply with the ordinance, renters can apply for a rent reduction as a penalty.
The ordinance stemmed from a dispute between Veritas Investments, the largest landlord in the city, and the Veritas Tenants’ Association, created in response to ongoing rent disputes and claims of tenant harassment.
Is this what our future holds in store for all mankind. Pay attention to what the WEF is proposing!! Maria Rekrut
As part of their ESG metrics and international dietary framework, the United Nations recommends that red meat consumption be reduced to 14 grams (one bite) per day per person in the name of sustainability and ‘saving the world.’
CBDC – Danger Coming to a Country Near You! Don’t let the governments fool you into believing that the CBDC is for your own good!
Read below the two articles I’ve included about Pierre Poilievre, from Canada, banning Trudeau’s central bank digital currency, and Seventy-three million Nigerians have had their phones blocked from making calls as punishment for not registering their phones. This is coming to a country, province, state near you!
You, as an individual, don’t want to have CBDC – Central Bank Digital Currency. With CBDC the govt will be able to track down how and where you spend your money, and they can turn off your money flow at any time. That’s not a good thing, for anyone’s sovereign right to control their own money or their freedom for sure!!
For me, this is a sign of going back to Feudalism, where the king or landowner had control over you, your money and your property rights.
Should the Landlord Tenant Board Be Disbanded and Replaced?
I say a big resounding yes, did you know that most of the adjudicators are only part-time? No wonder there is such a backlog. Is this fair for the small landlord?? Hell NO!! I have posted 2 articles that you can read and let me know if you think any of this is fair and if we will ever come out of this nightmare???
I found in the past, when I made deputations to city council, about real estate and landlord mattes, that the councillors are clueless about anything that has to do with real estate and small landlords. That’s why it’s important to have a small landlord lobby group that speaks in your name.
There have been a number of groups more than 30 in Ontario, who have approached the govt, was part of a larger Association, without very much being resolved. We need a lobbying group, which is another thing altogether. A White Paper had been presented in 2019 to the Housing Dept, we met with representations of the RTA – Residential Tenancy Association and the LTB, Landlord and Tenant Board. Still, it didn’t change anything. Money has to be thrown at representatives, this is how lobbying works and Associations will then be heard and listened to!!
Then and only then will the small landlord see changes that will satisfy our special needs. Otherwise, we are left to the demise of the governments who are clueless and the big corporations who want to put the small landlords out of business and purchase all the home possible to then rent it back to people who won’t be able to pay the rent!! So much for affordable housing or housing the homeless!! “You will own nothing, and you will be happy.” What does that sound like to you???
Hello Everyone, Maria Rekrut here from Real Wealth Real Estate. I’ve been in business since 1982 as a business owner, and owned Maria Rekrut & Associates a business development consultant and training firm, and started to invest in real estate in 2000.
I’ve had to develop and change my business model when we entered the internet age, and now going into the digital world that will once again change up the way I do business. Not only that, but I invest and manage both Long and Short Term Rentals, furthermore, I invest and develop Heritage buildings, Bed and Breakfasts, Airbnb, Rent to Own, Student Rentals, multiplex properties and have used many strategies to build my real estate portfolio and become financially independent and wealthy. http://realwealthrealestate.com/
Real Estate has changed so much since 2000. I held, in person monthly meetings from 2014 to 2019 for 5 years, in St Catharines and Niagara Falls and decided in Oct 2019 that I would do my meetings online, so that I could reach more people.
Fast-forward to 2022, and I have more great things planned to reach more real estate investors and share my studies and ideas of where I see our industry going with all the government changes that will enormously affect our industry!!
I’m very happy to announce that I’ll be starting my FB group Bitcoin, Crypto and Real Estate and how they will become our new asset class. You can find me on other social media platforms including Clubhouse discussing this topic.
I look forward to hearing from you personally. Feel free to go to my website, email email@example.com or call 437-600-6860 or sign up for a free 15-minute consultation to see how I can assist you with your future business development. http://realwealthrealestate.com/marias-booking-calendar/