The PNW is Lit

Zak said:
I don't know much about ammunition, but I'm reading that many of the world militaries are issuing antidrone rounds. I guess that must be like snake shot?
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At short range they use 'tangle' ammo that deploys a 5' diameter micro cable net to capture the rotor blades
At long distance they employ heavy duty Tungstgen pellet loads to punch holes
Ukraine has it dialed
 
Flymph said:

NEWS: Sen. Schiff Introduces Bill to Crack Down on Giant Corporate Investors Snatching Up Properties Following Natural Disasters

Washington, D.C. – Today, U.S Senator Adam Schiff (D-Calif.) is introducing new legislation to restrict giant corporate investors such as private equity firms from purchasing properties within areas impacted by major natural disasters. The legislation comes as Congress is considering a major...
www.schiff.senate.gov www.schiff.senate.gov

And here is the rest of the story. I salute Senator Shiff on trying to defer the vulture corporate pigs!
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That's Shiff's side of the story. Governments always want to meddle and control. It makes perfect sense unless you are a fire victim and need options. No one is forced to sell but the pain of trying to rebuild cannot be underestimated. Our government on the news promises to expedite permitting while holding the insurer's feet to the fire. The reality is we are near year 2 and few homes have been permitted to build and only 30 have actually been built out of 6000 burned homes of RICH people with once average $3.7 mil houses, money, access and power. What chance does the little guy have? Who is going to make a possible market for those who would just rather get on with their lives? A little guy like me isn't going to buy burnt dirt because I can't get my plans through the city any faster than any other little guy. So if you remove institutional buyers or funded PE developers you have no market. That means you the owner of a burnt out lot has no choice but to be bleed dry renting house because your is burnt, spend huge $ getting permitting and contract labor to fight the city while you work, and you still get to pay property tax at least on land value of a few $mill while you have the privilege of waiting for permits. Then you get to fight for contractors to build your house while 6000 others are doing the same thing causing escalation of cost to build. After all this pain and anguish your house is still worth $3.7mil. You gained nothing. Selling out like my friend did in the santa rosa fire was certainly the right play. Not only do you avoid the pain buy taking your insurance co money and buying a new house in a month somewhere else is giving you 2 years of leveraged appreciation. I can't see how rebuilding is economically feasible. Shiff's law will imprison fire victims and keep property tax money flowing at land value pre-fire inflated levels. A low purchase price by PE will reset the property tax to a lower level and the State will loose tax money. Is Shiff's law really about helping fire victims or preserving taxes to government? I think people are just jumping on the anti-corporation anti-capitalism bandwagon and not thinking things through. Selling out is optional. A law against it is taking away victim options and just victimizing them again.
 
SurfnFish said:
At short range they use 'tangle' ammo that deploys a 5' diameter micro cable net to capture the rotor blades
At long distance they employ heavy duty Tungstgen pellet loads to punch holes
Ukraine has it dialed
Click to expand...
Cool! Learned something new today, thanks!
 
fatbillybob said:
That's Shiff's side of the story. Governments always want to meddle and control. It makes perfect sense unless you are a fire victim and need options. No one is forced to sell but the pain of trying to rebuild cannot be underestimated. Our government on the news promises to expedite permitting while holding the insurer's feet to the fire. The reality is we are near year 2 and few homes have been permitted to build and only 30 have actually been built out of 6000 burned homes of RICH people with once average $3.7 mil houses, money, access and power. What chance does the little guy have? Who is going to make a possible market for those who would just rather get on with their lives? A little guy like me isn't going to buy burnt dirt because I can't get my plans through the city any faster than any other little guy. So if you remove institutional buyers or funded PE developers you have no market. That means you the owner of a burnt out lot has no choice but to be bleed dry renting house because your is burnt, spend huge $ getting permitting and contract labor to fight the city while you work, and you still get to pay property tax at least on land value of a few $mill while you have the privilege of waiting for permits. Then you get to fight for contractors to build your house while 6000 others are doing the same thing causing escalation of cost to build. After all this pain and anguish your house is still worth $3.7mil. You gained nothing. Selling out like my friend did in the santa rosa fire was certainly the right play. Not only do you avoid the pain buy taking your insurance co money and buying a new house in a month somewhere else is giving you 2 years of leveraged appreciation. I can't see how rebuilding is economically feasible. Shiff's law will imprison fire victims and keep property tax money flowing at land value pre-fire inflated levels. A low purchase price by PE will reset the property tax to a lower level and the State will loose tax money. Is Shiff's law really about helping fire victims or preserving taxes to government? I think people are just jumping on the anti-corporation anti-capitalism bandwagon and not thinking things through. Selling out is optional. A law against it is taking away victim options and just victimizing them again.
Click to expand...
I think housing prices are inflated because private equity is buying up houses. Not just in disaster zones.
 
fatbillybob said:
That's Shiff's side of the story. Governments always want to meddle and control. It makes perfect sense unless you are a fire victim and need options. No one is forced to sell but the pain of trying to rebuild cannot be underestimated. Our government on the news promises to expedite permitting while holding the insurer's feet to the fire. The reality is we are near year 2 and few homes have been permitted to build and only 30 have actually been built out of 6000 burned homes of RICH people with once average $3.7 mil houses, money, access and power. What chance does the little guy have? Who is going to make a possible market for those who would just rather get on with their lives? A little guy like me isn't going to buy burnt dirt because I can't get my plans through the city any faster than any other little guy. So if you remove institutional buyers or funded PE developers you have no market. That means you the owner of a burnt out lot has no choice but to be bleed dry renting house because your is burnt, spend huge $ getting permitting and contract labor to fight the city while you work, and you still get to pay property tax at least on land value of a few $mill while you have the privilege of waiting for permits. Then you get to fight for contractors to build your house while 6000 others are doing the same thing causing escalation of cost to build. After all this pain and anguish your house is still worth $3.7mil. You gained nothing. Selling out like my friend did in the santa rosa fire was certainly the right play. Not only do you avoid the pain buy taking your insurance co money and buying a new house in a month somewhere else is giving you 2 years of leveraged appreciation. I can't see how rebuilding is economically feasible. Shiff's law will imprison fire victims and keep property tax money flowing at land value pre-fire inflated levels. A low purchase price by PE will reset the property tax to a lower level and the State will loose tax money. Is Shiff's law really about helping fire victims or preserving taxes to government? I think people are just jumping on the anti-corporation anti-capitalism bandwagon and not thinking things through. Selling out is optional. A law against it is taking away victim options and just victimizing them again.
Click to expand...
So, give in to the vultures because they represent the only buyer's market. That system sounds "historically" familiar but for now I will believe Shiff's side of the story to avoid any further political entanglements. Now back to the truth as to why the PW is lit.
 
Zak said:
I think housing prices are inflated because private equity is buying up houses. Not just in disaster zones.
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Sure and some people win like those who already have a house in those locations get to watch their values increase...while some people loose in being priced out of the market. But this isn't a zero-sum game. PE is just business like proctor and gamble making soap. The largest PE's are publically traded and contribute to economic growth, business expansion and dividends. People think of greedy corporations where in the stock market for every guy who wins someone else looses. That's not how it works. It really goes back to give a man a fish he eats for a day. Teach a man to fish he never goes hungry.
 
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