#buyer's market

[kedreeva]

How did you get into keeping peafowl? They're one of those animals that I'd love to keep but have unfortunately made peace with the fact I probably won't have time and space to care for them in the future.

I loved them, and I was an asshole about it.

I lived with my mom in the suburbs, and purchased hatching eggs from eBay (don't do that), and a styrofoam incubator (don't do that), and hatched them in my closet (definitely don't do that) and brooded them in my bedroom (don't do that). A friend of my mom had recently got a farm, and agreed to keep them in a pen at her place until I bought a house, at which point I went out, got a stable full time job, started putting away money for a down payment, and seeing a real estate agent to look at hobby farms. About a year later, I found one that fit my criteria (house I didn't have to repair too much stuff in, acreage, barn), got a mortgage, and started building pens with my family.

This is, I feel I should not have to say, NOT the way to go about getting into peafowl. But I did turn my life around for them, so I can't complain about the end result.

That being said... I wouldn't give up entirely if I were you, if they are what you want in life, but I would just bear in mind that the road to them may be harder than you want to endure depending on your starting point. If you can acquire a dwelling space where they're allowed (it doesn't need to be "livestock" area, since some places consider poultry to be different than livestock, and peafowl fall under poultry), and you're willing to build them a pen, their care isn't particularly intense or anything. The space to keep them is the major hurdle.

[ardri-na-bpiteog]

It's wild how Kamala Harris's "crazy left-wing" down-payment support for first time buyers policy is literally existing government policy here in Ireland, brought in by our centre-right neoliberal political party. I've said it many times, but a lot of mainstream Democrats would be well at home in Fine Gael and that's not a compliment.

[dontmeantobepoliticalbut]

By Thom Hartmann

Back in 1967, a friend of mine and I hitchhiked from East Lansing, Michigan to San Francisco to spend the summer in Haight-Ashbury. One ride dropped us off in Sparks, Nevada, and within minutes of putting our thumbs out a city police car stopped and arrested us for vagrancy.

The cop, a young guy with an oversized mustache who was apologetic for the city’s policy, drove us to the desert a mile or so beyond the edge of town, where we hitchhiked standing by a distressing light-post covered with graffiti reading “39 hours without a ride,” “going on our third day,” and “anybody got any water?”

Vagrancy laws were so 20th century.

Today, the US Supreme Court heard a case involving efforts by the City of Grants Pass, Oregon to keep homeless people off its streets and out of its parks and other public property. The city had tried a number of things when the problem began to explode in the last year of the Trump administration, as The Oregonian newspaper notes:

“They discussed putting them in their old jail, creating an unwanted list, posting signs at the city border or driving people out of town... Currently, officers patrol the city nearly every day, Johnson said, handing out [$295] citations to people who are camping or sleeping on public property or for having too many belongings with them.”

The explosion in housing costs has triggered two crises: homelessness and inflation. The former is harming the livability of our cities and towns, and the Fed’s reaction to the latter threatens an incumbency-destroying recession just as we head into what will almost certainly be the most important election in American history.

The problem with housing inflation is so severe today that without it the nation’s overall core CPI inflation rate would be in the neighborhood of Fed Chairman Jerome Powell’s 2% goal.

Graphic based on BLM data and interpretation by The Financial Times

Both homelessness and today’s inflation are the result of America — unlike many other countries — allowing housing to become a commodity that can be traded and speculated in by financial markets and overseas investors.

Forty-three years into America’s Reaganomics experiment, homelessness has gone from a problem to a crisis. Rarely, though, do you hear that Wall Street — a prime beneficiary of Reagan’s deregulation campaign — is helping cause it.

32% seems to be the magic threshold, according to research funded by the real estate listing company Zillow. When neighborhoods hit rent rates in excess of 32% of neighborhood income, homelessness explodes.

And we’re seeing it play out right in front of us in cities across America because a handful of Wall Street billionaires want to make a killing.

It wasn’t always this way in America.

Housing prices have spun out of control since my dad bought his house in 1957 when I was six years old. He got a Veteran’s Administration-subsidized loan and picked up the brand-new 3-bedroom-1-bath ranch house my 3 brothers and I grew up in, in suburban south Lansing, Michigan. It cost him $13,000, which was about twice what he made every year working a good union job in a tool-and-die shop.

When my dad bought his home in the 1950s the median price of a single-family house was 2.2 times the median American family income. Today, the Fed says, the median house sells for $479,500 while the median American personal income is $41,000 — a ratio of more than ten-to-one between housing costs and annual income.

As the Zillow study notes:

“Across the country, the rent burden already exceeds the 32% [of median income] threshold in 100 of the 386 markets included in this analysis….”

And wherever housing prices become more than three times annual income, homelessness stalks like the grim reaper.

We’re told that America’s cities have seen this increase in housing costs since the 1950s in some part because of the growing wealth and population of this country. There were, after all, 168 million people in the US the year my dad bought his house; today there are 330 million.

And it’s true that we haven’t been building enough new housing, particularly low-income housing, as 43 years of neoliberal Reaganomics have driven down wages and income for working-class people relative to all of their expenses while stopping the construction of virtually any new subsidized low-income housing.

But that’s not the only, or even the main dynamic, driving housing prices into the stratosphere — and, as a consequence, the crisis in homelessness — over the past decade. You can thank speculation for much of that.

As the Zillow-funded study noted:

“This research demonstrates that the homeless population climbs faster when rent affordability — the share of income people spend on rent — crosses certain thresholds. In many areas beyond those thresholds, even modest rent increases can push thousands more Americans into homelessness.”

So how did we get here?

It started with a wave of foreign buyers over the past 30 years (particularly from China, Canada, Mexico, India and Colombia) who, in just the one single year of 2020, picked up over 154,000 homes as their way of parking money in America. Which is part of why there are over 20 times more empty houses in America than there are homeless people.

As Marketwatch noted in a 2015 article titled “The Danger of Foreign Buyers Gobbling Up American Homes”:

“Unusual high appreciation of the aforementioned urban centers is due to the ever growing influx of foreign buyers — mostly wealthy Chinese — who view American residential real estate as the safest investment commodity. … According to a National Realtors Association survey, the Chinese spent $22 billion on U.S. housing in 12 months through March 2014…. [Other foreign buyers primarily include] Canadians, British, Indians and Mexicans.”

But foreign investment has been down for the past few years; what’s taken over and is really driving home prices today are massive, multi-billion-dollar US-based funds that sweep into neighborhoods and buy everything available, bidding against families and driving up housing prices.

As noted in a Wall Street Journal article titled “Meet Your New Landlord: Wall Street,” in just one suburb (Spring Hill) of Nashville, “In all of Spring Hill, four firms … own nearly 700 houses … [which] amounts to about 5% of all the houses in town.”

This is the tiniest tip of the iceberg.

“On the first Tuesday of each month,” notes the Journal article about a similar phenomenon in Atlanta, investors “toted duffels stuffed with millions of dollars in cashier’s checks made out in various denominations so they wouldn’t have to interrupt their buying spree with trips to the bank…”

The same thing is happening in cities and suburbs all across America; the investment goliaths use finely-tuned computer algorithms to sniff out houses they can turn into rental properties, making over-market and unbeatable cash bids often within minutes of a house hitting the market.

After stripping neighborhoods of homes families can buy, they then begin raising rents as high as the market will bear.

In the Nashville suburb of Spring Hill, for example, the vice-mayor, Bruce Hull, told the Journal you used to be able to rent “a three bedroom, two bath house for $1,000 a month.” Today, the Journal notes:

“The average rent for 148 single-family homes in Spring Hill owned by the big four [Wall Street investor] landlords was about $1,773 a month…”

Ryan Dezember, in his book Underwater: How Our American Dream of Homeownership Became a Nightmare, describes the story of a family trying to buy a home in Phoenix. Every time they entered a bid, they were outbid instantly, the price rising over and over, until finally the family’s father threw in the towel.

“Jacobs was bewildered,” writes Dezember. “Who was this aggressive bidder?”

Turns out it was Blackstone Group, now the world’s largest real estate investor. At the time they were buying $150 million worth of American houses every week, trying to spend over $10 billion. And that’s just a drop in the overall bucket.

In 2018, corporations bought 1 out of every 10 homes sold in America, according to Dezember, noting that, “Between 2006 and 2016, when the homeownership rate fell to its lowest level in fifty years, the number of renters grew by about a quarter.”

This all really took off around a decade ago, when Morgan Stanley published a 2011 report titled “The Rentership Society,” arguing that — in the wake of the 2008 Bush Housing Crash — snapping up houses and renting them back to people who otherwise would have wanted to buy them could be the newest and hottest investment opportunity for Wall Street’s billionaires and their funds.

Turns out, Morgan Stanley was right. Warren Buffett, KKR, and The Carlyle Group have all jumped into residential real estate, along with hundreds of smaller investment groups, and the National Home Rental Council has emerged as the industry’s premier lobbying group, working to block rent control legislation and other efforts to regulate the industry.

As John Husing, the owner of Economics and Politics Inc., told The Tennessean newspaper:

“What you have are neighborhoods that are essentially unregulated apartment houses. It could be disastrous for the city.”

Meanwhile, as unionization levels here remain among the lowest in the developed world, Reagan’s ongoing war on working people continues to wipe out America’s families.

At the same time that housing prices, both to purchase and to rent, are being driven through the roof by foreign and Wall Street investors, a survey published by NPR, the Robert Wood Johnson Foundation, and the Harvard TH Chan School of Public Health found that American families are in crisis.

Their study found:

— “Thirty-eight percent (38%) of [all] households across the nation report facing serious financial problems in the previous few months.

— “There is a sharp income divide in serious financial problems, as 59% of those with annual incomes below $50,000 report facing serious financial problems in the past few months, compared with 18% of households with annual incomes of $50,000 or more.

— “These serious financial problems are cited despite 67% of households reporting that in the past few months, they have received financial assistance from the government.

— “Another significant problem for many U.S. households is losing their savings during the COVID-19 outbreak. Nineteen percent (19%) of U.S. households report losing all of their savings during the COVID-19 outbreak and not currently having any savings to fall back on.

— “At the time the Centers for Disease Control and Prevention’s (CDC) eviction ban expired, 27% of renters nationally reported serious problems paying their rent in the past few months.”

These are not separate issues, and they are driving an explosion in homelessness.

The Zillow study found similarly damning data:

— “Communities where people spend more than 32% of their income on rent can expect a more rapid increase in homelessness.

— “Income growth has not kept pace with rents, leading to an affordability crunch with cascading effects that, for people on the bottom economic rung, increases the risk of homelessness.

— “The areas that are most vulnerable to rising rents, unaffordability, and poverty hold 15% of the U.S. population — and 47% of people experiencing homelessness.”

The Zillow study makes grim reading and is worth checking out. In community after community, when rent prices exceeded 32% of median household income, homelessness exploded. It’s measurable, predictable, and is destroying what’s left of the American working class, particularly minorities.

The loss of affordable homes also locks otherwise middle-class families out of the traditional way wealth is accumulated — through homeownership: Over 61% of all American middle-income family wealth is their home’s equity. And as families are priced out of ownership and forced to rent, they become more vulnerable to long-term economic struggles and homelessness.

Housing is one of the primary essentials of life. Nobody in America should be without it, and for society to work, housing costs must track incomes in a way that makes housing both available and affordable. This requires government intervention in the so-called “free market.”

— Last year, Canada banned most foreign buyers from buying residential property as a way of controlling their housing inflation.

— New Zealand similarly passed its no-foreigners law (except for Singaporeans and Australians) in 2018.

— Thailand requires a minimum investment of $1.2 million and the equivalent of a green card.

— Greece bans most non-EU citizens from buying real estate in most of the country.

— To buy residential housing in Denmark, it must be your primary residence and you must have lived in the country for at least 5 years.

— Vietnam, Austria, Hungary, and Cyprus also heavily restrict who can buy residential property, where, and under what terms.

This isn’t rocket science; the problem could be easily fixed by Congress if there was a genuine willingness to protect our real estate market from the vultures who’ve been circling it for years.

Unfortunately, when Clarence Thomas was the deciding vote to allow billionaires and hedge funds to legally bribe members of Congress in Citizens United, he and his four fellow Republicans opened the floodgates to “contributions” and “gifts” from foreign and Wall Street interests to pay off legislators to ignore the problem.

Because there’s no lobbying group for the interests of average homeowners or the homeless, it’s up to us to raise hell with our elected officials. The number for the Congressional switchboard is 202-224-3121.

If ever there was a time to solve this problem — and regulate corporate and foreign investment in American single-family housing — it’s now.

[the-bjd-community-confess]

Referring to BJDs as 'investments' gives me the ick, because unless your doll is a highly sought after, discontinued, potentially rare sculpt, it's monetary value won't increase. I honestly can't separate the term 'investment' from the thought of people who buy things solely to fix them up and sell them for a higher cost. Last I checked, we called those people 'scalpers'.

~Anonymous

[salesmarkglobal]

Understanding Social Selling for Demand Generation: What is social selling?

Social selling is not just a process of forwarding messages along the lines of informal organizational communication. That is another function of social media management: creating an authoritative profile on the sites that actively communicate with your audience. This can be achieved through:

Content Sharing: Regularly share valuable information and articles that pass on knowledge to the readers.

Thought Leadership: Offer your expertise in the subject as a specialist; provide information to the target audience.

Relationship Building: Proactively seek customers out and learn their conditions and, if possible, the possibilities of solving them.

Read more- 

[andrep11]

Art sale 2024 trends

By. Andre pace.

Virtual art showcase online events preview..

Www.Charish.com/ Andrepace

[colorsoundoblivion]

Finally sat down and listened to Buyer’s Market. I know people consider this one of the most disturbing records of all time. I mean, it’s victim testimony and family member interviews, and they highlight, in an unglorified way, the wreckage left in the wake of the worst of humanity. In that respect, yes, its of course unsettling/upsetting. However, I thought it left the listener with a feeling of “How can people worship these monsters/do these things/cause such pain?” and a reminder of how real this shit is… a warning, really. There are even parts where people sound empowered… like they’re taking their lives back/getting justice for what the worst of us have done to them or their loved ones.

I’ve yet to read any of Sotos books, and based on the prices i’ve seen online I’m probably not going to for a long time. Can’t imagine there are Library copies out there, but never say never I suppose.

Obviously I’m curious about PURE, but wasn’t there a photocopy of an image of “CP” in an issue? I REALLY don’t want to see that or have that on any device I own or end up on a fuckin’ watch list or in prison.

I know, ultimately, this is all going to leave me feeling very upset, so maybe I should just quit while I’m ahead.

[ratwars]

Woke up multiple times from weird dreams again but maybe the stress is dissipating a little. The stakes were so much lower. Like there being a White Zombie halloween reunion show (impossible Rob said they would never reunite) in nyc and I won tickets but then it turned out I only won a discount on tickets that were 500 dollars (what) so I was like fuck that shit. It was a package deal that came with a pumpkin. Like that was supposed to make it worth it.

[andromedasummer]

this shit sucks. tomorrow is a stay in bed and set up a writing blog day. mend my clothes day. move some boxes day.

[chhavijain3099]

Start E-commerce Business in India 2024

Aspects of the best in the field of Indian e-commerce, whether consumer or business-oriented, are essential to assess. 2024 is in full swing, and the e-commerce segment is as competitive as ever: it ranges from huge players competing to become market behemoths to ambitious startups ready to turn the retail market on its head.

In India, there are top and popular e-commerce marketplaces where sellers can sell their products and services to the larger customers base available on these channels.

Before starting the e-commerce business, sellers or entrepreneurs should be aware of below mentioned aspects important to start a online business on the basis of the type of e-commerce business they want to start.

Research Your E-commerce Business Idea: First thing to do a thorough research about your business idea, study about your competitors, cost analysis, profit analysis, average selling price of your niche products, etc in the market. These researches helps you to get deep knowledge about the business your are planning to start.

Target Audience: After doing the research about the business idea, sellers on companies need to look up for their target audience. Target audience means those people who can convert paid customers for business in future.

Choose Right Marketplace: In this step seller needs to decide which is the best platform to start a online e-commerce business. E-commerce business have four types: B2B, B2C, C2C, C2B therefore, on the basis of type of e-commerce business and target audience and on the basis of business registration process sellers needs to decide the right marketplace.

Whether you are the new seller, or the existing one, relaunching your e-commerce business, or need guidance to make your business successful then these aspects can help you.

[jbstoremarketplace]

[six-of-ravens]

anyway if you're wondering just how bad the real estate crisis is here, my coworker had a realtor come to his door today who was like, canvassing the neighborhood and asking people if they were looking to sell their homes. the people who usually have like the best job security because 'there's always someone selling or buying' are shit out of luck going door to door begging people to have them sell their homes. it's fucking NUTS.

[bmpmp3]

I NEEED to go back to making art that makes it ABUNDANTLY clear that theres something wrong with my brain BUT NOT in a cool or stylishly interesting way. i need to do it in a way that makes people say "hm." and walk away

[the-bjd-community-confess]

This was a while ago now but I'm still kinda irritated lol. For a while now there's a doll I've been wanting to sell and have made posts here and there indicating this but I'm super lazy about actually making the sales post. A certain mutual would reply to every one of these all' 👀 definitely interested' 👀 a chance at my grail! So keen', would constantly post Insta stories etc about how they planned to get that doll within the year. So I was pretty much expecting them to buy him, even decided if anyone asked before them after I made the post i'd wait for them.

So eventually I make the post. The dolls sale price is what I paid on release, a deal because this doll goes for a lot more second hand these days. Wasn't looking to make a profit, just wanted to help a mutual get a grail at RRP and making back what I paid would be a plus. Then they're in their Insta stories vagueing me about making him 'so expensive', how disappointed they were that they can't find this doll for a 'good price' and how they probably will never have their grail. Like Wtf? If it's your grail you know how much he cost. I'm not giving you a discount just because you're a mutual if that's what you honestly expected. I'm literally selling him way below market price for your benefit.

My own fault for assuming they would buy (is it really when they kept making obnoxious 👀 posts though?) but I'm also kinda miffed I could've sold him at the market price if they weren't going to buy him anyway, I had priced him low for THEIR sake and because of that ended up with a lot of potential buyers in my DMs, so I couldn't suddenly change the price. Lesson learned I guess but also please don't do this. Don't string me along acting like you're gonna buy a doll if you're unprepared to pay full price (especially when he usually goes for MUCH more) and definitely don't expect discounts from mutuals. Muted this person after that because they the whole thing kinda pissed me off lol.

~Anonymous

[siennalilypurvis]

Customer Buyer Persona Research

My inspiration/research into other Customer buyer Personas. I found this useful to give me ideas on what I needed to include in my own. 

Creating my own Customer Personas

As a starting point I asked my housemate (who studies Photography) if she had any portraits I could use as my customers. She did and after gainig their permission I was able to start creating my personas from these photos which helped me start visualising them as real people. I edited my photos according to the giffgaff design guidelines - they stated that they use black and white photos with a grainy effect so I edited my photos on photoshop accordingly. They also like to use a white outline around the photo and remove the back ground so I included that too; to make the white line more prominent, I drew some textured paint backgrounds on my ipad to use as a minor detail that incorporated the giffgaff primary colours. 

[andrep11]

Intuitive art

Courageous performance & Heart-pounding design-ohMy!! ( never lose your edge in boldest re imagining of a celebrated classic... Featured paintings by..Andre pace.. works of Contemporary art and Mix media design works in showing Www.masurmuseum.org/ off the wall 2024.. [ April 12th / 2024 and this the museum Annual 15th anniversary celebration.. invite..