BILLIONAIRE HEDGE-FUND MANAGER WARNS A “REVOLUTION” IS COMIN

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I have similar thoughts about markets across Canada where I might consider buying a home(s) as rental properties - like why don’t the people there just buy them when they’re for sale if they’re going to pay rent and live in them ??

But I suppose due to a combination of both income and spending habits, they can come up with the rent each month, but never a down payment.

Banks would rather approve a loan to someone who already owns homes than someone who's buying their first home, meaning they won't approve you for a mortgage that costs less per month than your current rent.

I have similar thoughts about markets across Canada where I might consider buying a home(s) as rental properties - like why don’t the people there just buy them when they’re for sale if they’re going to pay rent and live in them ??

But I suppose due to a combination of both income and spending habits, they can come up with the rent each month, but never a down payment. Some people live their financial lives like that out of forced necessity, others via choices & habits. These people almost Need to have landlords or else they’d be homeless.. so, perhaps in some markets landlords do contribute some value to society by providing stable housing for those that can’t seem to do so within the rules of our financial systems.

Banks would rather approve a loan to someone who already owns homes than someone who's buying their first home, meaning they won't approve you for a mortgage that costs less per month than your current rent.

These people almost Need to have landlords or else they’d be homeless.. so, perhaps in some markets landlords do contribute some value to society by providing stable housing for those that can’t seem to do so within the rules of our financial systems.

I'd suggest the problem is the rules of said financial system and that addressing the structural issues would eliminate the need for the rent-seekers and the inefficiencies they add.

I'd suggest the problem is the rules of said financial system and that addressing the structural issues would eliminate the need for the rent-seekers and the inefficiencies they add.

Banks would rather approve a loan to someone who already owns homes than someone who's buying their first home, meaning they won't approve you for a mortgage that costs less per month than your current rent.

It is almost fearful … that the amount of people whose habits . Do not allow them to even be able to manage rent, much less a down payment for a house. instead they are attracted to non conventional means of living ( am referring to street people) are growing in vast numbers . Usually have seen in. My area these are not disabled or people with children,Generally . But rather feed a addiction of some sort or the other or possibly allegiance to a gang. Or both.
And those whom prey on the good graces of society . Will outnumber landlords or homeowners . And those will be considered the wealthy class. By them . Already they have out numbered law enforcement to the point of Police
Just not enforcing anything but the most serious of crimes . So property crimes skyrocket and also feed the
People whom prefer to live a life without responsibilities . On the street or otherwise. This causes prices on everything to goip ,because these crimes are not limited to individuals owning property but businesses and business properties . So whom will start this revolution ? Keeping people divided in their sentiments and hoping to rely on a non- functional police force . Which the property owners are hoping on peoples inherent tendency to honesty.
Which almost has become non existent in a big portion of the population . And older people on pensions rely on the government for money . WHO IS going to start this revolution .

How is it good for any individual or society at large to give substantial loans out to people who have no intention of paying them off? Like serious drug addicts, the mentally ill, people of low intelligence and people who have issues with the concept of housing not being free? I less you want free housing which is even worse.

Sorting out structural issues will never cure society of all it's ailments and these people will always exist.

Who suggested giving them loans? I'd be perfectly fine with housing being provided for them without any middlemen artificially inflating the cost of that housing. Property managers might still need to exist, but no one should be able to make a living off of simply owning housing.

A revolution can be of several sorts. But I think it Implies the overthrow of a entity that is oppressing people .
Can be drastic forms of change to hopefully alleviate such oppression.

a civilized form of government that is truley for the people without influence of big business or corporations.
Civic leaders behaving responsibly towards the people .
What else were you going to imply, I was talking about .?

It seems strange that the west has an anti-corp stance yet everyone keeps giving them money.