Build-to-Rent Communities Grow in Popularity


Posted Jun 7, 2024 By Martin Armstrong 

BuildtoRentHomeStarts2022

You will own nothing. Accessory Dwelling Units (ADUs) have grown in popularity in recent years. America has recently imported a concept stemming from across the pond in the UK to pacify housing fears. Build-to-rent (BTR) communities are becoming a common development as the majority of Americans struggle to either afford or find housing.

Around 23% of Americans own property. YouGov conducted a poll that found that 60% of Americans believe the old model whereby 30% of one’s income would equate to affordable housing. That is simply not possible for over a quarter of Americans who spend far more than 30% on their mortgages. Almost half (49%) of renters spend 30% or more on shelter, while 19% spend over half of their take-home pay to the landlord. According to the survey, 46% of homeowners are worried about making their monthly mortgage payments, compared to 69% of renters.

Build-to-rent communities usually mimic a typical suburbia rather than an apartment complex. Amenities and property management is often included, which is why this concept was once reserved for retirees and the aging population. This is a deal for investors who may purchase homes within the development communities. They are usually priced higher than typical rentals as the home is within a more desirable community with stable tenants and a lower turnover. As for the tenants, they are not gaining any equity and are forgoing a valuable asset.

Fixr reported that build-to-rent communities are set to grow within the next two years based on data from the NAHB but will remain somewhat stagnant in 2023 due to massive growth in recent years. Over 119,000 homes using this model were built in 2022, marking a 50% increase from 2018. In the last five years, Charlotte, NC, experienced a 621% uptick in built-to-rent communities, followed by Jacksonville, Florida (353%), Greenville, South Carolina (265%), while Phoenix, Arizona, experienced a 280% uptick.

The younger generation, who want to begin expanding their families but cannot afford to own them, is primarily attracted to these growing complexes that provide the feel of homeownership without the asset. Everyone needs a place to live. Families, especially with young children, do not tend to move around as often with school zoning and other aspects. Homeownership and the traditional American dream of the house with the white picket fence have been transformed.

History Repeating All Over Again


Armstrong Economics Blog/Europe’s Economic History Re-Posted Oct 12, 2023 by Martin Armstrong

The 1848 Berlin Revolution

QUESTION: You have mentioned that the 1848 Communist Revolution that swept all of Europe was a political contagion. Am I correct in assuming this is what you suggest comes post 2024 going in 2032?

Paul

The French 1848 Revolution

ANSWER: Yes. We all have heard of the 1846 -1852 Great Hunger/Great Irish Potato Famine. This Great Hunger was not confined to Ireland. It hit all of Europe, and this was a significant influence in promoting the Communist Revolution of 1848 that swept Europe. The 1848 Revolutions in Europe were unique, for they were a contagion. Neither the French Revolution of 1789, the July Revolution of 1830, the Paris Commune Uprising of 1870, nor the Russian Revolutions of 1905 and 1917 sparked a comparable transcontinental cascade as that of 1848 that swept Europe, including Romania. What is often overlooked is that this came on the heels of a major famine that killed millions- the Great Hunger.

The parallel with prosecuting Trump also existed, where they executed a German politician for supporting the 1848 Revolution. Robert Blum (1807–1848) was a German democratic politician, a publisher, and a revolutionary spirit. He was also a member of the National Assembly of 1848. He fought for a unified Germany and opposed what was happening then, the same thing unfolding today. He argued that no people should rule over another – that is, Prussia. Back then, Prussia was protestant, and they sought to overrule the Catholics of Bavaria. Today, the LEFT assumes seizing power, and they get to force their agenda upon everyone else. That is neither how Democracy works, and it is specific against the very purpose of civilization, where everyone benefits by joining together.

Hence, Blum was also an opponent of the Prussian occupation of Poland.  Blum also was against the rise of this idea of an ancient Arian race, and as such, he opposed the movement toward antisemitism. He supported the Southern German Catholic sect of Bavaria. He even argued for the equality of the sexes, which was ahead of his time.

Blum claimed immunity as a member of the National Assembly who, under the law, could not be prosecuted for his political position. That principle should have applied to Trump on January 6th. They were clever and had him arrested during a stay in Vienna, Austria, and this being a German politician was not recognized as an immunity outside of Germany. They naturally found him guilty and ordered his execution for his role in the Revolutions of 1848 in the German states.

The ex-CIA Chief has called for the execution of Donald Trump. That would save the CIA from having to assassinate Trump if he wins the election and blame some Mexicans this time. Trump now knows the game. There is no way the Neocons, FBI, CIA, and institutionalized career politicians, including the uni-party RINOS, will ever follow any order of Trump. They are blocking even RFK because he is also an outsider. How dare these people think they can be voted in to change government?

This is this coalition of anti-American actors’ last stand, and they are not about to lose control in 2024. We are staring into the eyes of some of the most evil people on the face of the Earth. They can taste power and lick their lips over the thought of defeating Russia, China, North Korea, Iran, Syria, and the Palestinians. From their perspective, this is their time.

Welcome to how history repeats and the Revolutionary Cycle as we move into 2032.

This Will Be A Global Contagion as was 1848

They See It Coming – Fitch Joins S&P to Downgrade USA Credit Rating


Posted originally on the CTH on August 2, 2023 | Sundance 

Collapse is never a sudden occurrence; it is an outcome of gradual erosion over time. A weakening that takes place almost invisible to those who pass through the construct, until eventually, at an uneventful time in the mechanics of history, the process gives way.

Fitch has joined with the prior position of Standard & Poors to downgrade the USA credit rating. The weight of debt, in combination with reverberations from the continued hammering deep inside the political fundamental change operation, has triggered another flare.

In the bigger picture, this is a self-fulfilling prophecy driven by the latest focus on unsustainable economic policy, aka The Green New Deal. The efforts of the fiscal, monetary and economic policy are all aligned to shrink the U.S. economy, thereby creating the era of “sustainable energy” a possibility. Unfortunately, this is akin to a household intentionally shrinking their income while at the same time taking on credit card debt. The process itself is not sustainable.

(Reuters) – Rating agency Fitch on Tuesday downgraded the U.S. government’s top credit rating, a move that drew an angry response from the White House and surprised investors, coming despite the resolution of the debt ceiling crisis two months ago.

Traders’ immediate response was to embark on a safe-haven push out of stocks and into government bonds and the dollar.

Fitch downgraded the United States to AA+ from AAA, citing fiscal deterioration over the next three years and repeated down-the-wire debt ceiling negotiations that threaten the government’s ability to pay its bills.

[…] “In Fitch’s view, there has been a steady deterioration in standards of governance over the last 20 years, including on fiscal and debt matters, notwithstanding the June bipartisan agreement to suspend the debt limit until January 2025,” the rating agency said in a statement.

U.S. Treasury Secretary Janet Yellen disagreed with Fitch’s downgrade, in a statement that called it “arbitrary and based on outdated data.”

[…] In a previous debt ceiling crisis in 2011, Standard & Poor’s cut the top “AAA” rating by one notch a few days after a debt ceiling deal, citing political polarization and insufficient steps to right the nation’s fiscal outlook. Its rating is still “AA-plus” – its second highest.

After that downgrade, U.S. stocks tumbled and the impact of the rating cut was felt across global stock markets, which were in the throes of the euro zone financial meltdown.

In May, Fitch had placed its “AAA” rating of U.S. sovereign debt on watch for a possible downgrade, citing downside risks, including political brinkmanship and a growing debt burden. (read More)

What do Barack Obama and Joe Biden have in common?  They were both in office, executing an identical economic, fiscal and monetary policy, when the USA credit was downgraded.

Sound of Freedom Blacklisted by Woke Elite


Armstrong Economics Blog/Corruption Re-Posted Jul 11, 2023 by Martin Armstrong

The movie “Sound of Freedom” exposes the darkest corner of our society – child trafficking. The film should not be controversial but the mainstream media and Hollywood blacklisted the film because they are protecting those involved. Simply Google the film and you will see articles from EVERY news outlet condemning the film as a QAnon conspiracy for right-wing extremists.

Jim Caviezel, the director, is a devout Christian which is now a radical ideology in America. You may not believe in God but watching this film will show you that pure evil exists. He has said that streaming services such as Netflix and Hulu would not carry his film, which is precisely what occurred with “The Forecaster.” For you see, there are numerous organizations that would taken down if the truth came out. This is a trade that surpasses most other industries and cannot be calculated. The Department of Homeland Security estimates that child trafficking account for $150 billion in global trade, but the true amount is much higher. Millions of children go missing every single year. It is not isolated to third world countries. What happened to the children who went unaccounted for at our own border?

It is extremely alarming that the powers that be want to silence this film. Epstein island was a conspiracy theory too at one time. The politicians and people of influence who went to his island were never held accountable, but that shows only a tiny fraction of how deep this insanity goes. Governments are involved. The woke elite are dominating all institutions and forcing organizations to abide by their CEI and ESG scores. Kids are being taken away from their parents if they don’t provide “gender affirming care,” which never existed up until a few years ago when the far left lost its collective mind. They are NORMALIZING the sexualization of children even in schools. The Guardian called the film “the QAnon-adjacent thriller seducing America” as did every other major news outlet. I question any journalist who is angered by a film that shines a light on such an important topic. The corruption goes deep, and the elite have an agenda. It is not fear-mongering because, yes they are coming for our children.

BRICS to Replace the Dollar?


Armstrong Economics Blog/Foreign Exchange Re-Posted Jul 6, 2023 by Martin Armstrong

The goldbugs cling to everything they can to promote gold at the destruction of the dollar. They are pushing the idea that China, Russia, and other BRICS countries are developing a dollar alternative. The truth of the matter is that is more fiction. Even India’s foreign minister S. Jaishankar came out and said, “There is no idea of a BRICS currency.” Foreign minister S. Jaishankar made it clear that the five-member BRICS group – consisting of Brazil, Russia, India, China, and South Africa – isn’t currently planning to develop a greenback substitute for trade and investments.  “On what we will discuss at the BRICS meeting, we’ll have to see because there are many other issues – but there is no idea of a BRICS currency,” he said, as shown by footage from the Hindustan Times.

To even attempt to do something is absurd to create a BRICS currency like the euro would doom their economies. The #1 market remains the American consumer, and to price things in some alternative currency would undermine their own economies. People need to understand currency.

That was the entire purpose of creating the Euro. German Chancellor Kohl took Germany into the euro for the purpose of eliminating the foreign exchange risk to other European states so that Germany could then sell more products throughout Europe. The euro was to eliminate that foreign exchange rise to increase sales. The propaganda of the goldbugs who just hate the dollar is utter nonsense. They will not create some BRICS alternative to the dollar, surrendering their sovereignty to some central power as all European states did by creating Brussels. Kohl denied the Germans the right to vote on joining the euro, for he knew he would lose. That is why he refused to consolidate the debts fearing the German people would rise up in revolt against him.

The Roman Empire was the financial capital of the Western World. They traded with both China through the silk road and India for spices. Even Alexander the Great attempted to conquer India and failed. Here we have an Indian imitation of a Roman gold aureus of Tiberius. The importance of Indian imitations of Roman gold coins demonstrates that there was a PREMIUM to the coinage of Rome above the metal content, which is why the Indians imitated Roman coinage. Otherwise, they would have minted their own coins in Southern India.

Indian imitations of Roman gold coins continued into the reign of Gordian III (2388-244AD), minted in Southern India that traded spices with the Greeks and the Romans. In Northern India, there was the Kushan Empire which was the first to issue Indian gold coinage. However, the Kushan Empire was not that portion of India that was engaged in the spice trade.

All of this proves a very significant point. The coinage was not simply the metal content. If that were the case, we would not find an imitation of the coinage of the dominant financial capital at that time. Here is a gold imitation of Philip II (359-337BC), Alexander the Great’s father.

We see the same imitation of the silver Athenian Owls (Tetradrachm) minted in Arabia. The same exists in Egypt, which did not issue its own coinage. Imitations of the dominant coinage of financial capital existed throughout the centuries.

Even during the 12-13th centuries, European states also imitated the gold Florin of Florence. All of this clearly establishes that the goldbugs are simply wrong and do not understand the monetary history of the world. There is always a premium to the dominant economic empire. For right now, that is the US dollar.

For now, the dollar will retain that role up to about 2029.

Strategic Lawfare at Work, They Didn’t Resign – Jack Smith Takes Down Two Trump Lawyers Using Compelled Testimony, Creating Witnesses Within Indictment


Posted originally on the CTH on June 9, 2023 | Sundance 

Good news, bad news and granular news..

First, the good news. The judge assigned to the Trump documents case is U.S. District Court Judge Aileen Cannon.  She is the same judge who handled the lawsuit last year after the FBI raided Trump’s Mar-a-Lago estate.   Judge Cannon was the judge who appointed the “special master” to review the documents the DOJ was claiming were classified, but Team Trump was contending that definition.

Now the bad news. The DOJ is no longer legally arguing that Donald Trump held any classified documents at Mar-a-Lago.  The DOJ is arguing that President Trump held documents vital to U.S. defense security.  It’s a farce but that’s their position.  The classification status of documents is moot, nonexistent, except to create the predicate for the proverbial FBI nose under the tent.

The DOJ-NSD (that’s Lisa Monaco) got a warrant to look for classified documents, but never intended to use classified documents as a case cornerstone because President Trump had full declassification authority.  The DOJ got a search warrant by convincing a judge they were looking for something that wasn’t even a violation of law. That’s why the DOJ would not reveal the probable cause affidavit.  The search was built upon a fraudulent pretense.  “Classified” is a snipe hunt.

You will notice Jack Smith never discussed “classified documents” in his remarks, and the issue of classified documents appears nowhere except in the indictment as a purposeful lawfare description of documents.  The DOJ is not legally charging anything relating to the classification status of the documents.  That’s the Lawfare and media banter to create a talking point.  The term “classified” is all over the indictment, but as a lawfare adjective only; it’s like using the word “stash”.

The special counsel legal framework is centered around documents the DOJ define as vital to “the defense security” of the United States.  EVERYTHING is predicated on 31 counts of an 18 U.S. Code § 793(e) violation.  The DOJ defines what is considered a defense document, and that intentionally has nothing to do with classification.

The granular news.  You might have heard that two of Trump’s lawyers, Jim Trusty and John Rowley, quit today.  The media wants to use their exit as a point to indicate Trump is in legal jeopardy; however, that’s not the case.

As soon as Trusty and Rowley saw their forced testimony was used in the indictment, they had no option except to exit the case.  Despite the lawyers providing no damaging information against Trump, the DOJ used language in the indictment to turn Trump’s lawyers into material witnesses. Weissmann’s Lawfare tactic create a conflict, forcing the two Trump lawyers to depart.

WASHINGTON DC – Two of Donald Trump’s top lawyers abruptly resigned from his defense team on Friday, just hours after news broke that he and a close aide were indicted on charges related to their handling of classified documents.

Jim Trusty and John Rowley, who helmed Trump’s Washington, D.C.-based legal team for months and were seen frequently at the federal courthouse, indicated they would no longer represent Trump in matters being investigated and prosecuted by special counsel Jack Smith, who is probing both the documents matter and efforts by Trump to subvert the 2020 election.

The resignations were shortly followed by an announcement from Trump himself confirming that a close aide, Walt Nauta, had also been indicted by federal prosecutors. Nauta, a Navy veteran, had served as the former president’s personal aide and was a ubiquitous presence during his post White House days.

In their place, Trump indicated that Todd Blanche — an attorney he recently retained to help fight unrelated felony charges brought by Manhattan district attorney Alvin Bragg in April — would lead his legal team, along with a firm to be named later. Trump and his team have liked Blanche, who is expected to play a more elevated, central role. (more)

Weissmann, Eisen and Smith are using lawfare in the indictment to put the interests of Trump and his aide Walt Nauta against each other.   Obviously, Nauta would not turn on Trump, so the prosecution made Nauta a target for a federal 1001 charge of lying to investigators and will pressure him throughout the case to take a plea in exchange for testimony against Trump.   Nauta is the baseline of the “Conspiracy Elements” which require two or more people.  Again, pure Lawfare.

Obviously, Jim Trusty was unaware last night that his forced testimony would be used in the indictment. WATCH:

The Cloward-Piven Strategy


Aemstrong Economics Blog/Civil Unrest Re-Posted Jun 6, 2023 by Martin Armstrong

COMMENT: Your reporting on the Red Cross and other organizations that facilitate the mass importation of illegals into America is well done. But its purpose is about more than just a move to import a bunch of Biden voters to help secure a second term.
Are you aware of the Cloward and Piven strategy? These were two communist professors who devised a plan to take down the capitalist structure of the United States through mass illegal migration that overwhelms U.S. social safety net programs and local governments. It is an intentional plan to collapse the U.S. and bring in a new (global) regime that will issue ‘guaranteed basic income’ to all.
I’ve never seen you comment on Cloward and Piven, would you care to share whether Socrates shows their plan will be successful?

REPLY:

The four steps of the Cloward-Piven Strategy:
1. Overload and Break the Welfare System
2. Have Chaos Ensue
3. Take Control in the Chaos
4. Implement Socialism and Communism through Government Force

Overburden the bureaucracy to break the system, create controlled chaos, usurp power as civil unrest peaks, and offer government aid as the only solution. This was the basis behind the Cloward-Piven strategy created by sociologists Frances Fox Piven and her husband, Richard Cloward. The couple published their theory in The Nation Magazine on May 2, 1966, entitled “The Weight of the Poor: A Strategy to End Poverty.”

This was a decade of political activism in America. The war in Vietnam was raging on and the alternative hippie lifestyle became prominent as people protested the violence. The Black Freedom Movement and the push for equal civil rights had peaked and helped to end the Jim Crow laws in the South by 1965. The LA race riots, also known as the Watts Rebellion, occurred in 1965 as well after the police beat a black man who was arrested for a DUI. That particular riot lasted for six days and led to 34 deaths, 1,032 injuries, and over 3,000 arrests. This began a string of riots in America where black Americans and supporters clashed with police, similar to the events that occurred after the death of George Floyd that started the Black Lives Matter movement.

We had major political activists such as Martin Luther King Jr. making real change in America. The intelligence agencies had a close eye on him, and his death in 1968 is a topic for another post. On the other side were the likes of Malcom X, who originally did not advocate for peace as King did. The cohesive movement fell apart with mass unrest and no one at the helm. The movement began with African Americans asking for basic human rights and understandable anger. The purpose of the movement, again similar to BLM, became lost, and the government aimed to use the civil unrest to its advantage.

“[T]he strategy we propose, is a massive drive to recruit the poor onto the welfare rolls,” the sociologists wrote in their theory. This theory aimed to overburden social programs at the state level to give the federal government the power to control the people.

“Widespread campaigns to register the eligible poor for welfare aid, and to help existing recipients obtain their full benefits, would produce bureaucratic disruption in welfare agencies and fiscal disruption in local and state governments. These disruptions would generate severe political strains, and deepen existing divisions among elements in the big-city Democratic coalition: the remaining white middle class, the white working-class ethnic groups and the growing minority poor.”

Cloward and Piven noted that civil unrest was necessary to create change and encouraged the government to antagonize the masses. “The poor are most visible and proximate in the local community; antagonism toward them (and toward the agencies which are implicated with them) has always, therefore, been more intense locally than at the federal level.” As the anger brews and protests erupt, the government will lasso in the masses, acted as both the hero and the villain.

“In order to generate a crisis, the poor must obtain benefits, which they have forfeited. Until now, they have been inhibited from asserting claims by self-protective devices within the welfare system: its capacity to limit information, to intimidate applicants, to demoralize recipients, and arbitrarily to deny lawful claims.”

Tell the people that they are victims and instill a sense of entitlement for their neighbor’s assets. Remind the people consistently that they are oppressed and only an equal distribution of wealth can save them from the confines of poverty. Cloward and Piven insisted that hard work could not “elevate the poor en-mass from poverty.”

“The ultimate objective of this strategy–to wipe out poverty by establishing a guaranteed annual income,” the theory clearly stated. The theory stated that the creation of unions was a good start to bargain collectively, but still not enough to solve poverty. “Union leaders have understood that their strength derives almost entirely from their capacity to provide economic rewards to members,” the theory noted. “A federal program of income redistribution has become necessary to elevate the poor en masse from poverty,” meaning a shift away from capitalism entirely.

Cloward and Piven stated that a minimum standard of living must be provided to the people through federal welfare. That right must be guaranteed to end oppression, thereby ensuring Guaranteed Basic Income. Furthermore, there could be no conditions for benefits as it “results in violations of civil liberties.” Therefore, expecting able-bodied people to work would be an attack on the welfare system. The sociologists insisted that most people were in fact eligible for welfare and encouraged the government to advertise in brochures, schools, stores, churches, civic centers, and public housing projects. They even advised the government to send people door-to-door to explain to people that they are oppressed and deserving of GBI as a “civil education drive will lend it legitimacy.”

“As the crisis develops, it will be important to use the mass media to inform the broader liberal community about the inefficiencies and injustices of welfare.” To succeed, the shift away from capitalism required “mass influence” and “publicly visible disruption.” “Crisis can occur spontaneously (e.g., riots) or as the intended result of tactics of demonstration and protest, which either generate institutional disruption or bring unrecognizable eruption to public attention.”

The bigger the crisis, the more power the government could usurp. They noted that politicians paid attention to massive uprisings, and they had been used to “reinforce the allegiance of growing ghetto constituencies to the national Democratic Administration.” The sociologists noted that the Conservative Republicans would decry a public welfare system and that the Democrats needed to appeal to the emotions of the people over logic. They also urged for “a coalition between poor whites and poor Negroes” to turn the race war into class warfare.

“Once eligibility for basic food and rent grants is established, the drain on local resources persists indefinitely.” Cloward and Piven wanted to overburden the welfare system at the state level to eliminate state rights. Therefore, under this theory, government is encouraged to market a crisis, antagonize the people, and offer a solution. The only solution being to replace capitalism with socialism or communism by which the people would be entirely dependent on government. You will own nothing and be happy.