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Doomsday rich style

For discussions of events and conditions not necessarily related to Peak Oil.

Doomsday rich style

Unread postby onlooker » Fri 16 Jun 2017, 15:43:03

https://www.forbes.com/sites/jimdobson/ ... 6bc0f84047

With all of this knowledge of future mapping, do the world’s financial leaders know something we don’t? Consider how many of the richest families have been grabbing up massive amounts of farmland around the world. All property far away from coastal areas and in locations conducive to self-survival, farming and coal mining.


Let them be "the last men standing" on the hell hole this planet seems destined to become. Doesn't sound like a pleasant fate
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Re: Doomsday rich style

Unread postby Cog » Fri 16 Jun 2017, 16:04:01

Why you be hating on the 10% bro?
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Re: Doomsday rich style

Unread postby onlooker » Fri 16 Jun 2017, 16:23:11

Cog wrote:Why you be hating on the 10% bro?

Because they are used to getting want they want with all their money including favorable legislation. So, just pointing out careful what you wish for or in this case pay for,
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Re: Doomsday rich style

Unread postby Cog » Fri 16 Jun 2017, 17:05:58

Who are you calling they? It sounds like some sort of insult.
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Re: Doomsday rich style

Unread postby onlooker » Fri 16 Jun 2017, 17:09:35

Cog wrote:Who are you calling they? It sounds like some sort of insult.

And The Billionaire Escape Plans
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Re: Doomsday rich style

Unread postby Cog » Fri 16 Jun 2017, 17:14:26

Why are you hating on billionaires? Maybe they will hire you as a piss boy.
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Re: Doomsday rich style

Unread postby onlooker » Fri 16 Jun 2017, 17:18:37

Cog wrote:Why are you hating on billionaires? Maybe they will hire you as a piss boy.

More likely kill me. I know too much 8)
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Re: Doomsday rich style

Unread postby Shaved Monkey » Fri 16 Jun 2017, 19:34:04

Cog wrote:Why you be hating on the 10% bro?

Why you h8in on the h8in ?
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Re: Doomsday rich style

Unread postby dolanbaker » Sat 17 Jun 2017, 09:46:43

onlooker wrote:https://www.forbes.com/sites/jimdobson/2017/06/10/the-shocking-doomsday-maps-of-the-world-and-the-billionaire-escape-plans/#276bc0f84047

With all of this knowledge of future mapping, do the world’s financial leaders know something we don’t? Consider how many of the richest families have been grabbing up massive amounts of farmland around the world. All property far away from coastal areas and in locations conducive to self-survival, farming and coal mining.


Let them be "the last men standing" on the hell hole this planet seems destined to become. Doesn't sound like a pleasant fate

I think some here are reading this wrong, this isn't buying up doomstead land, it's a continuation of the trend of returning to the "landed gentry" type of lifestyle that was popular in Europe until the early 20th century when wars & socialism broke up the large estates. If the trend continues, we'll soon be seeing the return of tenant farmers working on the estates and landowners owning whole districts and mush of the housing as well.
Ronald Coase, Nobel Economic Sciences, said in 1991 “If we torture the data long enough, it will confess.”
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Re: Doomsday rich style

Unread postby Cog » Sat 17 Jun 2017, 10:12:01

The good old days of serfs and the lord of the manor are right around the corner. With a few knights thrown in to keep order.
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Re: Doomsday rich style

Unread postby Ibon » Sat 17 Jun 2017, 12:53:38

Seriously, a small elite and large serfdom is far more sustainable energy wise than an empowered large middle class. This is what you call adapting to peak oil and energy constraints, moving back to the historical norm of a small elite and serfs. Serfs in the modern sense that can still surf the net, still have some access to technology, just stripped of wealth.

Regarding buying up land and housing I expect in the next decades we will see the percentage of renters increasing and home owners decreasing. Affordability of home, car, fuel, insurance, property taxes, utilities etc. will become so burdensome more and more people will lose their homes and become renters. By the end of the century housing will be in the hands of banks and insurance companies and large corporations and the majority will rent.

With enough to eat and internet access and good public transportation being a modern serf may not be that bad.
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Re: Doomsday rich style

Unread postby pstarr » Sat 17 Jun 2017, 13:18:38

"By the end of the century housing will be in the hands of banks and insurance companies and large corporations and the majority will rent. "

Until they overthrow and start the cycle anew. But with many less people. This will happen a lot quicker then we can possibly imagine.

The acceleration of history.

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Source:
In: State of the world 1996. A Worldwatch Institute report on progress toward a sustainable society. New York, New York, W.W. Norton, 1996. 3-20.
Abstract:
This first chapter in a book on the 1996 state of the world indicates that people's ability to manage social change is declining. The pace of change, whether in economics, population, urbanization, or technology, has been very rapid compared to historical processes. The benefits of global economic growth have not been evenly distributed. Human demands for natural resources are beginning to challenge the capacity of earth's natural systems. Economic expansion is colliding with sustainable yield limits of fisheries, aquifers, forests, rangelands, and other natural systems. In 1989, all oceanic fisheries were being fished at or beyond capacity. Underground water tables are falling in the southwestern US, the US Great Plains, several states in India, including the Punjab with its agricultural concentration, northern China, across northern Africa, southern Europe, and in the Middle East. Water table declines range from centimeters/year to meters/year. Cities compete with rural areas for water to the detriment of agriculture. Conflicts are occurring over shared water systems. Soil erosion is a threat to food security in some regions. Excessive demand in one sphere may trigger a chain of events in another. Food supplies are the first global economic indicator to signal serious environmental trouble. The challenge ahead is for all countries to complete their demographic transitions (86% of global population) and to produce carrying capacity assessments. Tax policies should shift private investment to environmentally sustainable activities. Public investment should reflect an ordering of priorities based on resource management.
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Re: Doomsday rich style

Unread postby vtsnowedin » Sat 17 Jun 2017, 14:41:50

Ibon wrote:Seriously, a small elite and large serfdom is far more sustainable energy wise than an empowered large middle class. ....
........ By the end of the century housing will be in the hands of banks and insurance companies and large corporations and the majority will rent.


I'm not buying that. People are buying over priced housing because they have the income stream to do so plus consume all the other optional consumer products from sneakers to Caribbean vacations. As times get tighter they will drop first the $200 sneakers and the vacations and then settle for a lot smaller house before they finally become renters. Reason being that house ownership adds value to ones net worth while renting is just a drain like overpriced sneakers and vacations.
But the market is an overstretched bubble and I would not be surprised to see housing and land prices drop by half to two thirds to get back to the true utility value of those items.
If you can pay the rent on a 1500 square foot house or apartment then you can pay the mortgage and taxes on a 1200 square foot house and have all or most of your money setting there as equity at the end of the mortgage while the renter will just be looking at a bill for the next mouths rent.
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Re: Doomsday rich style

Unread postby Newfie » Sat 17 Jun 2017, 16:42:38

The article cites Edgar Cayce, let's leave it at that.
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Re: Doomsday rich style

Unread postby vtsnowedin » Sat 17 Jun 2017, 16:55:42

Newfie wrote:The article cites Edgar Cayce, let's leave it at that.

Which article?
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Re: Doomsday rich style

Unread postby dolanbaker » Sat 17 Jun 2017, 17:37:08

vtsnowedin wrote:
Newfie wrote:The article cites Edgar Cayce, let's leave it at that.

Which article?

The article quoted in the original post at the start of this thread, real fantasy stuff!
But the reality is that the wealthy are buying up land & property everywhere and pulling the prices above what the average manual worker can ever afford to pay for property.
Ronald Coase, Nobel Economic Sciences, said in 1991 “If we torture the data long enough, it will confess.”
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Re: Doomsday rich style

Unread postby Ibon » Sat 17 Jun 2017, 17:47:38

vtsnowedin wrote:[ Reason being that house ownership adds value to ones net worth while renting is just a drain like overpriced sneakers and vacations.


That reasoning is why I have been so heavily invested in real estate. My comments are more in the upcoming dynamics I foresee when institutional buyers will be scooping properties as future rental units when we have another housing bubble crash like in 2009. Already following the 2009 crash institutional investors where major buyers of REO homes. Why would this not increase even further during the next major mortgage default? The next time around this wont happen from funny mortgages but just from economic contraction. In each of these dips where is the liquidity? More with institutions then with private individuals.

Imagine 2-5 correction cycles in the next several decades. Each one sees more and more institutional buyers of homes for the rental market.

This will be a great way to continue the process of transferring wealth from the middle class to the elite. The disparity will grow...... this is the road to serfdom.

A few articles to consider

http://rew-online.com/2016/02/17/instit ... to-airbnb/


Or this

https://www.frbatlanta.org/-/media/docu ... -12-21.pdf


the purview of mom-and-pop landlords (Mallach, 2010), caught the attention of large financial firms.
Nationwide, an estimated 350,000 homes were purchased by institutional investors from 2011 to 2013,
and these were spatially concentrated in cities like Atlanta with high numbers of bank-owned homes
and the prospect of future home price appreciation (Eisfeldt & Demers, 2014). Today there is high
concentration in the single-family rental business, with an estimated 170,000 single-family rental homes
owned by the seven largest firms (Fields et al., 2016)
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Re: Doomsday rich style

Unread postby Ibon » Sat 17 Jun 2017, 17:52:01

The private ownership of your own home is an American hallmark. Most Europeans for example are renters.

But the trend on all fronts that has lead to the erosion of the middle class will one day hit the housing market with increased institutional buyers of rental properties. It has already started.
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Re: Doomsday rich style

Unread postby Newfie » Sat 17 Jun 2017, 18:12:46

Institutional buyers, yup, seeing that in Philly for sure.
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Re: Doomsday rich style

Unread postby dolanbaker » Sun 18 Jun 2017, 04:35:55

Ibon wrote:The private ownership of your own home is an American hallmark. Most Europeans for example are renters.

But the trend on all fronts that has lead to the erosion of the middle class will one day hit the housing market with increased institutional buyers of rental properties. It has already started.

Ireland & the UK are exceptions to that rule, but we are seeing a major shift in recent years.
It started about 20 years ago when it started to become clear that baby boomer pensions were at risk of under performing so a significant number of people started buying up houses and renting them out with the plan to sell when they retire "my house is my pension". When these houses come back onto the market, professional landlords are the main buyers.
Now we're seeing whole property portfolios being traded between bigger and more institutional investors.
A trend from individual home owners to institutional portfolios in the space of a generation, a trend that is likely to gather pace as many of the small time landlords retire.
Ronald Coase, Nobel Economic Sciences, said in 1991 “If we torture the data long enough, it will confess.”
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