As a realtor in my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
I thoroughly recommend Margaret Johnson Arndt, an investment advisor who is subject to US SEC regulation. She has assisted me with my portfolio for many years. Look her up online; she's a well-known figure.
thank you for this tip , I must say, Margaret appears to be quite knowledgeable. After coming across her online page, I thoroughly went through her resume, and I must say, it was quite impressive. I reached out to her, and I have booked a session with her.
Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.
If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.
The Baby Boomer die off in the next five to ten years is an opportunity for change. They make up the biggest demographic and the one most resistant to progress. They need to go.
@susanleslie6178 As a Vietnamese immigrant I can assure you that native born Americans apparently have no idea what a terrific country you were born in. Spend a year in my place of origin. Then you'll actually have some perspective. Have a great day!
It's more like house hoarding by the sociopaths. Ignoring it's a residential neighborhood and putting in a commercial hotel. They are zoned single family homes to OWN. They are not zoned commercial property. Why is not illegal to rent a single family home. The single family listed on the deed be the family living on the property. As in zoned one family to own a home. Zoned single family homes. Just like our government is not policing the ponzi scheme cryptocurrencies and the stockmarket. Some how my sister got fired from her job just for watching another employee steal. Our government is turning a blind eye to white-collar crime. All the criminals are a nod and a wink in trillions in defict spending. Their financial manager is insider trading and the blue-collar workers financial manager is debt management. The go to college to get a higher paying white-collar job turns into white-collar crime. As if being a sociopath doing bad math at the bank and calling residential property commercial property is normal and not criminal.
@ninadaly7639 they use an algorithm to rent control all of them so there is no competition. High rent high profits pure greed. Regular people have no chance in the future.
we need big money/companies to not be able to buy single-family homes. Honestly, there should be regulation over this, its just disgusting. Most times it amazes me greatly how I moved from an average lifestyle to earning over $63k per month, Utter shock is the word. I have understood a lot in the past few years that there are lots of opportunities in the financial market. The only thing is to know where to invest.
@@bjoe631 That won't bother you if you trade with a professional like *Sarah Alma Martinez* my coach, you may have come across her on interviews relating to bitcoin and stocks. She trades, manage trading account and offer mentorship program for clients who wish to become professional investors.
Wow I can't believe you guys are discussing about Sarah Alma Martinez, I once met her at a conference in California 2019, just before the pandemic. I can testify that she’s very good in trading..Highly recommended
@@susanhaynes679 Well this not my first time of seeing this name on social platform. A CNBC news host spoke highly of this lady and her trading strategies. Do you know her ? if yes , did you invest with her.?
I will never rent at Airbnb again. The greed by these homeowners is insane. The cleaning fees alone are enough to walk away. Vacations are meant to be relaxing, not work.
How much do you pay a cleaning person to clean your house or apt? Do they wash your sheets and towels, clean the inside of your refrigerator, clean your BBQ, make your bed? Compare the price you are quoted and then apply it to the sqft and amenities of the AirBnB you were at. I think you should do the research before you complain about the prices? Maybe you sre correct and they were way off, or maybe you are just unfamiliar with today's cleaning prices.
I relied on Airbnb when I moved across the country for a new job. Lived in three different units until I was able to get an apartment, and I will say Airbnb is great for transplants.
🎯💯💯💯....AirBNB is a SCAM.....with MANY owners being into Nefarious practices and ILLEGAL CRIMINAL ACTIVITY, all of them should be audited...I am sure the IRS AND FEDS would find alarmimg illegal activity with those properties. I recently rented out an AirBNB for 2 months consecutively(60 days & I Paid Upfront) while inbetween home leases, I had a private security camera in my bedroom and I RECORDED THE AIRBNB FRIENDS/EMPLOYEES GOING IN AND OUT OF MY PRIVATE ROOM THAT HAD A LOCKED (KEYED ENTRY) DOOR ON. I reported the illegal entry into my bedroom to AIRBNB and they offered to pay for one night at a hotel because I left the AirBNB immediately after I was alerted by my security camera while I was in a meeting 20 minutes away from the home and I lost out on my remaining month's rent that I prepaid. After a month of NO RESOLUTION AirBNB just deactived my account. I even emailed AirBNB CEO Brian Chesky for many weeks and I have copies of all my emails, no response. I filed two police reports because the AirBNB owner had their friends come to the house pretending like renters and ATTEMPTING TO THREATEN/INTIMIDATE ME, The police showed up and I recorded the incident. I have copies of the police reports when the police came to,the house and witnessed the AirBNB Owner/Manager friends harrasing me as retaliation because I made the complaint to AirBNB Corporate about the illegal entry into my private bedroom. I have copies of all the emails I exchanged with AirBNB Customer Service, I spoke/emailed with over 8 employees of AirBNB and they would just transfer my ticket to a new representative every 3-4 days and ask me to repeat my complaint like it was the first time I made it and nothing was done. I also have the video of AirBNB Manager's friends/employees illegally entering my private locked bedroom as well, the video is posted online. I was Paying almost 900/month for a room the size of very very very tiny walk-in closet , in a shared home with 5 other "bedrooms" they cramped in there, the AirBNB was even so greedy that they made the shared living room a "bedroom option" and threw some pillows on the sofa and DID NOT want tenants who were paying 900/month to use the living room because it was considered a "potential bedroom"💯💯💯 AIRBNB IS AN ABSOLUTE TRASH COMPANY🎯💯💯💯AIRBNB has Totally AWFUL AND ILLEGAL PRACTICES💯💯💯 I KNOW THIS AFTER MONTHS OF AWFUL EXPERIENCES WITH AIRBNB, ABSOLUTE TRASH AND YOUBARE LITERALLY PUTTING YOUR LOFE AT RISK ANYTIME YOU USE,THEIR SERVICES, THEY CAN LET CRIMINALS GO INTO YOUR ROOM AT ANYTIME AND THEY HAVE NO SOLUTION FOR THAT, THEY WILL JUST IGNORE YOUR ILLEGAL ENTRY AND DEACTIVATE YOUR ACCOUNT💯💯💯
I think we should ban businesses, corporations, and foreign investors from buying single family homes and impose tax penalties or fines on landlords with a property or properties that are vacant for more than 12 months.
@@hostilepancakes Welcome to feudalism without the "neo" part. Will you be on Gates' manor, or Soros', or Claus'? Whichever, you’ll be eating bugs, will own nothing & be happy about it, so lord Claus assures us.
I agree the system has many flaws. But have you thought about how good we, the children of the empire, have it living here? It would not be such a comfy life for many if the system collapsed. We have to appreciate some things about the system are not so bad.
I’m in Florida and it should e way higher. We have people with full time jobs living in homeless shelters in Florida. I’m a property manager and I’ve seen people just cry because there’s really no where to go. But don’t worry, the state stepped in and gave $600.000 to the millionaire community I was managing. The money was to dredge their sand. They put in their newsletter where it just said good news. That would be life changing for the rest of us. So make no mistake that millionaires are living in government subsidized housing. I bet none of them think that. They probably think they deserved it.
The WICKED ones are.....AirBNB is a SCAM.....with MANY MANY MANY owners being into Nefarious practices and Illegal activity, all if them should be audited...I,am sure the IRS AND FEDS would find alarmimg illegal activity and facts with those houses. I recently rented out an AirBNB for 2 months consecutively while inbetween home leases, I had a private security camera in my bedroom and I RECORDED THE AIRBNB FRIENDS/EMPLOYEES GOING IN AND OUT OF MY PRIVATE ROOM THAT HAD A LOCKED DOOR ON. I reported the illegal entry into my bedroom to AIRBNB and they offered to pay for one night at a hotel because I ledt the AirBNB immediately after and lost out on my remaining month's rent that I prepaid. After a month of NO RESOLUTION AirBNB just deactived my account. I even enailed AirBNB CEO for many weeks and I have copies of all my emails, no response. I have copies of all the emails we exchanged and I have the video of them illegal entering my privated locked bedroom as well. I was Paying almost 900/month for a room the size of very very very tiny walk-in closet , in a shared home with 5 other "bedrooms" they cramped in there, the AirBNB was even so greedy that they made the shared living room a "bedroom option" and threw some pillows on the sofa and DID NOT want tenants who were paying 900/month to use the living room because it was considered a "potential bedroom"💯💯💯 AIRBNB IS AN ABSOLUTE TRASH COMPANY🎯💯💯💯AIRBNB has Totally AWFUL AND ILLEGAL PRACTICES💯💯💯 I KNOW THIS AFTER MONTHS OF AWFUL EXPERIENCES WITH AIRBNB, ABSOLUTE TRASH AND YOUBARE LITERALLY PUTTING YOUR LOFE AT RISK ANYTIME YOU USE,THEIR SERVICES, THEY CAN LET CRIMINALS GO INTO YOUR ROOM AT ANYTIME AND THEY HAVE NO SOLUTION FOR THAT, THEY WILL JUST IGNORE YOUR ILLEGAL ENTRY AND DEACTIVATE YOUR ACCOUNT💯💯💯
This is an example of how capitalism doesn’t always work. There’s more profit to construct an expensive vacation house than a starter house. We need more incentives to construct starter homes.
No, there isn't. I, as a capitalist, WANT to build affordable homes. It diversifies my portfolio and it meets a demand. But Mr Big Government has made building new homes like getting blood from a stone, because existing real estate developers and property-owning politicians, like it when their portfolio's go up in value because the demand is exceeding the supply and so they pass endless numbers of laws and regulations that makes building more homes almost impossible or a down-right money-pit, so no one wants to do it. It's not the "capitalist", it's the government.
Why starter. Nah. Homesteading generational housing. Enough if this endless migration bullshit it's part of what caused this issue in the first place. The home is treated as a marketable investment first instead of a home. People plan on selling houses after a few year which incentivises NIMBYism and trying tactics to keep "undesirables" from bringing the market down because they are trying to get max profit. This also creates insensitive to buy several properties with the express purpose of selling instead of living
There not constructing homes that's the problem.They're buying existing properties, out bidding all others, holding on to property and then push the price up and sell.Your vulture funds have ruined the market in ireland.We can't even keep our young here, because they've nowhere for them to live.We're bleeding skilled people, nurses,doctors and tradesmen.
Before Airbnb, I remember that having a bed and breakfast business in Wisconsin required the owner to live on site in order to qualify for the business designation. There was no buying a house and renting it like a motel in a residential neighborhood. I'm sure not all states have that law but if so airbnb seems to have found a loophole. It's crazy to have homes in a neighborhood with either a constant stream of strangers or sitting vacant.
This is actually good news. AirBNB and venture capitalists have tied up too much housing, driving up the cost of rents and home ownership to ridiculous rates. It's a very necessary market correction.
In Kimberling City, MO on Table Rock Lake, several companies mowed down the forest atop two large hills overlooking the lake to build ultra expensive vacation rentals. Most of them average several thousands of dollars per week to rent. And they all just sit completely none of them ever being used.
AirBNB is a SCAM.....with MANY owners being into Nefarious practices and ILLEGAL CRIMINAL ACTIVITY, all of them should be audited...I am sure the IRS AND FEDS would find alarmimg illegal activity with those properties. I recently rented out an AirBNB for 2 months consecutively(60 days & I Paid Upfront) while inbetween home leases, I had a private security camera in my bedroom and I RECORDED THE AIRBNB FRIENDS/EMPLOYEES GOING IN AND OUT OF MY PRIVATE ROOM THAT HAD A LOCKED (KEYED ENTRY) DOOR ON. I reported the illegal entry into my bedroom to AIRBNB and they offered to pay for one night at a hotel because I left the AirBNB immediately after I was alerted by my security camera while I was in a meeting 20 minutes away from the home and I lost out on my remaining month's rent that I prepaid. After a month of NO RESOLUTION AirBNB just deactived my account. I even emailed AirBNB CEO Brian Chesky for many weeks and I have copies of all my emails, no response. I filed two police reports because the AirBNB owner had their friends come to the house pretending like renters and ATTEMPTING TO THREATEN/INTIMIDATE ME, The police showed up and I recorded the incident. I have copies of the police reports when the police came to,the house and witnessed the AirBNB Owner/Manager friends harrasing me as retaliation because I made the complaint to AirBNB Corporate about the illegal entry into my private bedroom. I have copies of all the emails I exchanged with AirBNB Customer Service, I spoke/emailed with over 8 employees of AirBNB and they would just transfer my ticket to a new representative every 3-4 days and ask me to repeat my complaint like it was the first time I made it and nothing was done. I also have the video of AirBNB Manager's friends/employees illegally entering my private locked bedroom as well, the video is posted online. I was Paying almost 900/month for a room the size of very very very tiny walk-in closet , in a shared home with 5 other "bedrooms" they cramped in there, the AirBNB was even so greedy that they made the shared living room a "bedroom option" and threw some pillows on the sofa and DID NOT want tenants who were paying 900/month to use the living room because it was considered a "potential bedroom"💯💯💯 AIRBNB IS AN ABSOLUTE TRASH COMPANY🎯💯💯💯AIRBNB has Totally AWFUL AND ILLEGAL PRACTICES💯💯💯 I KNOW THIS AFTER MONTHS OF AWFUL EXPERIENCES WITH AIRBNB, ABSOLUTE TRASH AND YOU ARE LITERALLY PUTTING YOUR LIFE AT RISK ANYTIME YOU USE THEIR SERVICES💯💯💯 THEY CAN ALLOW CRIMINALS TO GO INTO YOUR ROOM AT ANYTIME AND THEY HAVE NO SOLUTION FOR THAT, THEY WILL JUST IGNORE YOUR ILLEGAL ENTRY COMPLAINTS AND DEACTIVATE YOUR ACCOUNT SO THEY CAN PRETEND NOTHING HAPPEN💯💯💯 I AM MALE AND I CAN DEFEND MYSELF AGAINST A CRIMINAL WALKING INTO MY ROOM IF I WAS THERE IN THE ROOM, I FEEL SCARED & VERY WORRIED FOR FEMALE TRAVELERS WHO ARE ALONE AND RISKING A CRIMINAL MAN WALKING INTO YOUR ROOM AT ANY POINT THROUGHOUT THE NIGHT WITHOUT NOTICE AS THERE IS ABSOLUTELY NOTHING AIRBNB WILL DO ABOUT IT EXCEPT IGNORE IT🎯💯💯 THEY HAVE KEYS TO EVER ROOM AS YOU HAVE NO IDEA HOW MANY PEOPLE HAVE COPIES OF THAT KEY, AS THERE HAS ALSO BEEN RECENT NEWS REPORTS OF HIDDEN CAMERAS IN BATHROOMS ETC FILMING TENANTS,. THOSE ILLEGAL BATHROOM URINATION & SHOWER VOYEUR VIDEOS ARE SOLD ONLINE TO PERVERTS AT A HEFTY COST/FEE (AND YES, THAT IS A VERY POPULAR THING/HOBBY FOR SOME SIC PEOPLE)🎯💯💯💯
I disagree with this completely. They see it as a less liquid asset that holds its value. They will not sell these houses any lower than they invested. The reason why is that they have so much power they can construct cheap crap intro homes then in 30 years high interest mortgages, and make a bunch of money off from, then sell these houses to those intro home owners and make substantially more than they make selling it right now. These guys are playing 30-year games because they have the capital to keep them a flow for those kind of durations of time. You're thinking about these things like a poor person because most of us are poor people. It's a whole different game for them. I don't even want to get into how they're going to manipulate the banking system in order to roll up the remainder of the 30-year mortgages that they're taking out on the shit homes to move into these other homes and give them an insane variable rate when they do it. You know maybe they're at 6% on the 30-year and it's a fixed mortgage but you know this investment firm will work with this bank that gives them a loan that buys off the remainder of their previous loan at 6% or maybe even 3% then rolls up the remainder piles it on top of the price of the new home then they charge them a variable rate with a sweetheart introduction deal of 2% so people don't think and then 5 years later it jumps up to 14% and they rape them to death financially. Because that's America. That's how America works. Set off some fireworks celebrate this shit show because America!
There are enough homes for about 1 for every 2.3 people in the US. That is just single family homes, not apartments or split unit homes. The problem is not a shortage. The problem is these homes are built for residents and are bought by corporations. Corporate entities and investment firms should be banned from buying residential homes. They are manipulating the market and cashing in. There should also be limits on how many homes a person can own as well.
Why is no one talking about wage stagnation? Affording a house wouldn't be so bad if people weren't making less, wages haven't been keeping up with inflation for 50 years (since Reagan). And tax vacant housing, that's a proper luxury tax. And oversight on zoning, prevent crooked/stupid city permits for over-priced condos and luxury apartments from being thrown-up left and right without thought to what is actually needed, existing building limitations (new condos that are ridiculously taller than anything else in the area), and local parking constraints.
Don't forget the rich buying up large apartment complexes and even mobile home parks where fixed income are barely surviving but their rent is immediately raised up hundreds of dollars per month, making it unaffordable for so many people
Some Rich/Wealthy are EXTREMELY Wicked, not all of them though....AirBNB is a SCAM.....with MANY MANY MANY owners being into Nefarious practices and Illegal activity, all if them should be audited...I,am sure the IRS AND FEDS would find alarmimg illegal activity and facts with those houses. I recently rented out an AirBNB for 2 months consecutively while inbetween home leases, I had a private security camera in my bedroom and I RECORDED THE AIRBNB FRIENDS/EMPLOYEES GOING IN AND OUT OF MY PRIVATE ROOM THAT HAD A LOCKED DOOR ON. I reported the illegal entry into my bedroom to AIRBNB and they offered to pay for one night at a hotel because I ledt the AirBNB immediately after and lost out on my remaining month's rent that I prepaid. After a month of NO RESOLUTION AirBNB just deactived my account. I even enailed AirBNB CEO for many weeks and I have copies of all my emails, no response. I have copies of all the emails we exchanged and I have the video of them illegal entering my privated locked bedroom as well. I was Paying almost 900/month for a room the size of very very very tiny walk-in closet , in a shared home with 5 other "bedrooms" they cramped in there, the AirBNB was even so greedy that they made the shared living room a "bedroom option" and threw some pillows on the sofa and DID NOT want tenants who were paying 900/month to use the living room because it was considered a "potential bedroom"💯💯💯 AIRBNB IS AN ABSOLUTE TRASH COMPANY🎯💯💯💯AIRBNB has Totally AWFUL AND ILLEGAL PRACTICES💯💯💯 I KNOW THIS AFTER MONTHS OF AWFUL EXPERIENCES WITH AIRBNB, ABSOLUTE TRASH AND YOUBARE LITERALLY PUTTING YOUR LOFE AT RISK ANYTIME YOU USE,THEIR SERVICES, THEY CAN LET CRIMINALS GO INTO YOUR ROOM AT ANYTIME AND THEY HAVE NO SOLUTION FOR THAT, THEY WILL JUST IGNORE YOUR ILLEGAL ENTRY AND DEACTIVATE YOUR ACCOUNT💯💯💯
That is the nature of private property though, isn’t it? The rich are not responsible for the poor in a free market system. You would rather no one “owns” anything except the government?
AirBNB is a SCAM.....with MANY owners being into Nefarious practices and ILLEGAL CRIMINAL ACTIVITY, all of them should be audited...I am sure the IRS AND FEDS would find alarmimg illegal activity with those properties. I recently rented out an AirBNB for 2 months consecutively(60 days & I Paid Upfront) while inbetween home leases, I had a private security camera in my bedroom and I RECORDED THE AIRBNB FRIENDS/EMPLOYEES GOING IN AND OUT OF MY PRIVATE ROOM THAT HAD A LOCKED (KEYED ENTRY) DOOR ON. I reported the illegal entry into my bedroom to AIRBNB and they offered to pay for one night at a hotel because I left the AirBNB immediately after I was alerted by my security camera while I was in a meeting 20 minutes away from the home and I lost out on my remaining month's rent that I prepaid. After a month of NO RESOLUTION AirBNB just deactived my account. I even emailed AirBNB CEO Brian Chesky for many weeks and I have copies of all my emails, no response. I filed two police reports because the AirBNB owner had their friends come to the house pretending like renters and ATTEMPTING TO THREATEN/INTIMIDATE ME, The police showed up and I recorded the incident. I have copies of the police reports when the police came to,the house and witnessed the AirBNB Owner/Manager friends harrasing me as retaliation because I made the complaint to AirBNB Corporate about the illegal entry into my private bedroom. I have copies of all the emails I exchanged with AirBNB Customer Service, I spoke/emailed with over 8 employees of AirBNB and they would just transfer my ticket to a new representative every 3-4 days and ask me to repeat my complaint like it was the first time I made it and nothing was done. I also have the video of AirBNB Manager's friends/employees illegally entering my private locked bedroom as well, the video is posted online. I was Paying almost 900/month for a room the size of very very very tiny walk-in closet , in a shared home with 5 other "bedrooms" they cramped in there, the AirBNB was even so greedy that they made the shared living room a "bedroom option" and threw some pillows on the sofa and DID NOT want tenants who were paying 900/month to use the living room because it was considered a "potential bedroom"💯💯💯 AIRBNB IS AN ABSOLUTE TRASH COMPANY🎯💯💯💯AIRBNB has Totally AWFUL AND ILLEGAL PRACTICES💯💯💯 I KNOW THIS AFTER MONTHS OF AWFUL EXPERIENCES WITH AIRBNB, ABSOLUTE TRASH AND YOU ARE LITERALLY PUTTING YOUR LIFE AT RISK ANYTIME YOU USE THEIR SERVICES💯💯💯 THEY CAN ALLOW CRIMINALS TO GO INTO YOUR ROOM AT ANYTIME AND THEY HAVE NO SOLUTION FOR THAT, THEY WILL JUST IGNORE YOUR ILLEGAL ENTRY COMPLAINTS AND DEACTIVATE YOUR ACCOUNT SO THEY CAN PRETEND NOTHING HAPPEN💯💯💯 THESE CRIMINALS HAVE KEYS TO EVERY ROOM AND YOU HAVE NO IDEA HOW MANY PEOPLE HAVE COPIES OF THAT KEY, OR IF PREVIOUS RENTER JUST MADE 20 COPIES OF THAT KEY. THERE HAS ALSO BEEN A LOT OF RECENT NEWS REPORTS OF HIDDEN CAMERAS IN BATHROOMS ETC FILMING TENANTS. THOSE ILLEGAL BATHROOM URINATION & SHOWER VOYEUR VIDEOS ARE SOLD ONLINE TO PERVERTS AT A HEFTY COST/FEE (AND YES, THAT IS A VERY POPULAR THING/HOBBY FOR SOME SIC PEOPLE). THEU HAVE SECURITY CAMERAS IN PUBLIC AREAS AT MOST AIRBNB, HOWEVER I WOULD NOT RULE OUT THAT THESE CRIMINALS ARE PUTTING NUMEROUS HIDDEN CAMERAS IN ALL PRIVATE AREAS OF HOMES AS WELL SUCH AS SHOWERS AND BATHROOM TOILETS JUST TO SELL THOSE VIDEOS LATER FOR MORE CASH, AND THERE HAS ALREADY BEEN NEWS STORIES COMING OUT RECENTLY OF THAT HAPPENING🎯💯💯💯 I AM MALE AND I CAN DEFEND MYSELF AGAINST A CRIMINAL WALKING INTO MY ROOM IF I WAS THERE IN THE ROOM, I FEEL SCARED & VERY WORRIED FOR FEMALE TRAVELERS WHO ARE ALONE AND RISKING A CRIMINAL MAN WALKING INTO YOUR ROOM AT ANY POINT THROUGHOUT THE NIGHT WITHOUT NOTICE AS THERE IS ABSOLUTELY NOTHING AIRBNB WILL DO ABOUT IT EXCEPT IGNORE IT🎯💯💯
Progressive tax on number of properties owned by any entity. Own two homes? You pay a higher property tax rate. Own 30 homes? Pay a much higher property tax rate.
Let's be clear... There is NO shortage of homes, they just are not affordable for those in need of homes. When will the government address that, instead of lining their pockets? Wow! American Greed at it's best. SMH
That's not entirely true. There is a shortage of actual *livable* housing which is compounded by a shortage of affordable housing. There are some misleading stats going around saying there is something like 5 empty homes for every homeless person or whatever it is but that number includes ALL housing that was vacant even if it was only empty for a day or two. It also counts housing that is condemned or abandoned and not livable. This is an important distinction because a lack of housing for the middle class and wealthy puts strain on housing for average working class people who have much tighter budgets. When those with a bigger budget cannot find a place to live that is within their financial bracket they are forced to "rent down", and that means less housing for those who actually need those cheaper places. Those with more money will always be able to get a house or apartment above those with less money, because it's easier for them to get lower cost loans or to impress a landlord to choose them as tenants over a more modest income family. I live in an area where this is a major issue. A lack of more "upper class" housing options means that the wealthy will overbid on houses just to get them in a hot market, massively inflating housing prices. Housing prices here have more than doubled in less than 10 years and I know people who have thrown money at a house to get it because they knew someone else would outbid them if they didn't make an offer with tens of thousands more above asking price. When they rent they get apartments easier because the landlord obviously would prefer to rent to someone who makes plenty of money than someone who might be paycheck to paycheck. Those of us who don't have a lot of cash to throw around are being squeezed out.
Need to enforce zoning Airbnb are commercial Also if anyone owns more than 1 single family house and can't prove the other houses are used by family they need to be taxed higher
The problem is not a shortage of housing it's the prices. I work construction, we build homes all the time. It's just nothing that normal people can afford
There is also a huge issue of hedge funds purchasing homes, holding them empty, then at the right time selling them for astronomical prices that keep many people out of the housing market.
You read the data wrong. There is both a shortage, and an affordability problem. The total 4+ million living unit shortfall is where we are **if** all of the empty units were occupied. As it stands, we effectively have about 15-16 million fewer living units than are needed.
@@ElenaAideen you’re looking at comparable prices to income, the shortfall is conflated with overpriced assets that are the issue . There’s plenty of homes that an ordinary income wouldn’t be able to afford, so in short prices aren’t keeping up with the affordability comparison to income
Let’s address the issue of institutional investors who buy up a bunch of homes just to rent them out. We purchased in a nearby state after renting in California for the past 9 years, but we soon realized a lot of homes were all bought up to be rented by companies like Mynd Project and American Homes 4 Rent AH4R (so you’ll never build any generational wealth for your family).
That doesn’t change the numbers in this story. The numbers she’s showing includes rental units. Renting is worse then a purchase but these rental companies aren’t causing the shortage by shifting the number of available units. But they are raising prices which is hurting the market in that way. But if they sold their properties to families that would do almost nothing. We just have to build more multi family homes.
@@illsaveus there are about 141.58 million single family homes in the US. Thats one for every 2.33 people. That doesn't count apartments or split units. We have plenty of housing. The problem is the investor class is buying them up and leaving them empty to drive up the market. Apartment owners are doing the same thing. They leave units that need work empty and raise everyone else's rent to make up the difference. Housing shouldn't be commodified. We at least need to ban corporate entities and investment firms from buying residential housing. We should also limit how many houses a person should own.
We need legislation to make this illegal. This should be the number one thing news stations are covering. Something needs to be done about these insane rent prices
1. In my market, burned out Air BnB owners are converting them to long term rentals, not putting them up for sale. This has a positive impact on the rental market but does not impact home prices. 2. Ana says that policy makers should demand the construction of starter homes. In my market, starter homes are not built because the contractors would go out of business. The base costs are almost the same for a starter home (land, permits, etc) as a large home. In order to change that, there will need to be incentives for building affordable housing.
Airbnb should have been made illegal, or at least full time Airbnb properties should have been made illegal. If a couple has their basement open for visitors, fine. But buying a property for the sole purpose of renting it out for Airbnb has destroyed the housing market and the communities they're located in.
My 26 year old son and his 2 cats just moved in to my tiny 2 bedroom apartment. Theres 3 of us and 4 cats. About to lose my mind. All there is: overpriced crappy apartments or insanely priced luxury apartments. No middle.
Just looked at a 1 bedroom apartment the other day. Almost $1800 for a cookie cutter "luxury" apartment. Absolutely ridiculous. There was nothing luxury about it. It was just a standard apartment with standard appliances. I guess it was considered luxury because it wasn't a run-down delapidated hellhole.
🎯💯💯💯.....AirBNB is a SCAM.....with MANY owners being into Nefarious practices and ILLEGAL CRIMINAL ACTIVITY, all of them should be audited...I am sure the IRS AND FEDS would find alarmimg illegal activity with those properties. I recently rented out an AirBNB for 2 months consecutively while inbetween home leases, I had a private security camera in my bedroom and I RECORDED THE AIRBNB FRIENDS/EMPLOYEES GOING IN AND OUT OF MY PRIVATE ROOM THAT HAD A LOCKED (KEYED ENTRY) DOOR ON. I reported the illegal entry into my bedroom to AIRBNB and they offered to pay for one night at a hotel because I left the AirBNB immediately after I was alerted by my security camera while I was in a meeting 20 minutes away from the home and I lost out on my remaining month's rent that I prepaid. After a month of NO RESOLUTION AirBNB just deactived my account. I even emailed AirBNB CEO Brian Chesky for many weeks and I have copies of all my emails, no response. I have copies of all the emails I exchanged with AirBNB Customer Service, they would just transfer my ticket to a new representative and all me to repeat my complaint like it was the first time, I emailed with over 8 employees of AirBNB and I have the video of AirBNB Manager's grieves/employees illegally entering my private locked bedroom as well, the video is posted online. I was Paying almost 900/month for a room the size of very very very tiny walk-in closet , in a shared home with 5 other "bedrooms" they cramped in there, the AirBNB was even so greedy that they made the shared living room a "bedroom option" and threw some pillows on the sofa and DID NOT want tenants who were paying 900/month to use the living room because it was considered a "potential bedroom"💯💯💯 AIRBNB IS AN ABSOLUTE TRASH COMPANY🎯💯💯💯AIRBNB has Totally AWFUL AND ILLEGAL PRACTICES💯💯💯 I KNOW THIS AFTER MONTHS OF AWFUL EXPERIENCES WITH AIRBNB, ABSOLUTE TRASH AND YOUBARE LITERALLY PUTTING YOUR LOFE AT RISK ANYTIME YOU USE,THEIR SERVICES, THEY CAN LET CRIMINALS GO INTO YOUR ROOM AT ANYTIME AND THEY HAVE NO SOLUTION FOR THAT, THEY WILL JUST IGNORE YOUR ILLEGAL ENTRY AND DEACTIVATE YOUR ACCOUNT💯💯💯
That's just idiotic to say someone is "guilty" because they used AIRBNB service and found out it was criminal. That is like saying someone took their car to a repair shop for repair and instead parts were stolen from their vehicle and the customer is now "guilty" customers for going to get their car repaired. After they learn about the horrible business practices and never go back they are showing their dissatisfaction by no patronage of that business. People who blame paying customers for suffering through criminal business activity and never going back to that business are being very foolish for blaming the customers💯💯💯
If affordable housing is constructed, we need regulations to prevent the uber wealthy from buying them up, and renting them; turning new affordable neighborhoods into apartment complexes, basically.
Exactly! That was another issue where all these renting companies buying up house to only turn around and rent them out. I don’t wanna rent anymore, I wanna be able to own a house!
@@ninadaly7639 Since I grew up In the projects, I think I know what they are. I also know that builders can build real homes the average income earner has a better chance of affording, if they choose to do so and/or are incentivized to. I guess you are one of those unimaginative folks who assumes there is no hope or possible solutions for normal income earners or just someone who wants to whine. Glad you aren’t the one responsible for building them… smart ass. There are literally thousands of examples of this very concept happening all across the country, but you are in the comments with your negativity and helplessness. Sad.
@@ninadaly7639 “The projects” are the result specifically of the US government. Other cities, like Vienna and Singapore, seem to be able to avoid those outcomes. Maybe because they build housing for people of all incomes, and not just the poorest citizens?
As a Millennial, the best chance I have at moving out of my parent’s house for good is for full societal collapse to run its course, and then scavenge a home off of someone whose biggest concern was stocking up on toilet paper.
As we boomer generation pass on we will leave a huge pile of sh- behind, including our houses. You will see a massive housing glut in your lifetime. Might take another 20 years but you will also see how fast 20 years goes by,
We have PLENTY of empty houses/apartments that can house people, the only problem is that we are making people pay for a basic need AKA shelter. Start letting people stay in those empty places instead of price gouging.
You’re joking right? Those are privately owned buildings. You want to just LET people squat there? They can’t. The liability to the owner, utility issues, code compliance issues, wear and tear on the buildings all prevent it.
Zoning is I feel the most important problem in the USA, allowing mostly the build of either standalone family homes or high rise apartment building. The high density mid rise buildings and environment are hard to find, and hard to build again because of too strict zoning laws. Other MAJOR problem is the addiction to cars and car infrastructure. Cities in the USA are mostly high rise combined with large car parks. If you would improve public transport, bike infrastructure and walkability, you could build on the car parks and increase density in cities.
That's a separate issue which has nothing to do with being ale to find housing you can afford. We're probably not going to do anything about that for a while, either, since the handful of places that want to- like Cleveland, OH, with their 15 minute city plan- already have conservatives batching that it's a liberal plot to eventually make it illegal to ever be more than 15 minutes away from your place of residence ever again.
The Italians are considering laws cracking down on all rentals of 30 days or less. I am torn - I understand that an Airbnb is about the only way the non-wealthy can get in on passive income. But absentee landlords and big companies buying up everything is awful.
@@linusa2996 yes, there are some 6000 abandoned towns. The problem with them is that they are very hard to live in without major investment. Some were destroyed by earthquakes and mudslides, so even the buildings still standing can’t be trusted. Many are in super mountainous areas where running a train is effectively impossible, and even maintaining roads for modern delivery is expensive. Many simply have thousand year old everything and just wore out, or have been hit by the increasingly undependable weather trends - drought that kills the roots holding soil together, followed by raging storms that wash mountainsides away. Then there is the modern desire to not have to work your body to the bone to survive - kids want a modern life. Plus, the uberwealthy fuck things up here like they do everywhere - billions for yachts and artwork, but nothing for infrastructure that doesn’t profit them and them alone. There are a few towns being revitalized by some artists with funding, and they are cool, but it’s only a few.
It's the big businesses that buy up all the houses and rent them out at outrageous price and reselling the houses at outrageous prices too. It's another 2008 housing market scenario. Artificial demand and price gouging.
AirBNB is a SCAM.....with MANY owners being into Nefarious practices and ILLEGAL CRIMINAL ACTIVITY, all of them should be audited...I am sure the IRS AND FEDS would find alarmimg illegal activity with those properties. I recently rented out an AirBNB for 2 months consecutively(60 days & I Paid Upfront) while inbetween home leases, I had a private security camera in my bedroom and I RECORDED THE AIRBNB FRIENDS/EMPLOYEES GOING IN AND OUT OF MY PRIVATE ROOM THAT HAD A LOCKED (KEYED ENTRY) DOOR ON. I reported the illegal entry into my bedroom to AIRBNB and they offered to pay for one night at a hotel because I left the AirBNB immediately after I was alerted by my security camera while I was in a meeting 20 minutes away from the home and I lost out on my remaining month's rent that I prepaid. After a month of NO RESOLUTION AirBNB just deactived my account. I even emailed AirBNB CEO Brian Chesky for many weeks and I have copies of all my emails, no response. I filed two police reports because the AirBNB owner had their friends come to the house pretending like renters and ATTEMPTING TO THREATEN/INTIMIDATE ME, The police showed up and I recorded the incident. I have copies of the police reports when the police came to,the house and witnessed the AirBNB Owner/Manager friends harrasing me as retaliation because I made the complaint to AirBNB Corporate about the illegal entry into my private bedroom. I have copies of all the emails I exchanged with AirBNB Customer Service, I spoke/emailed with over 8 employees of AirBNB and they would just transfer my ticket to a new representative every 3-4 days and ask me to repeat my complaint like it was the first time I made it and nothing was done. I also have the video of AirBNB Manager's friends/employees illegally entering my private locked bedroom as well, the video is posted online. I was Paying almost 900/month for a room the size of very very very tiny walk-in closet , in a shared home with 5 other "bedrooms" they cramped in there, the AirBNB was even so greedy that they made the shared living room a "bedroom option" and threw some pillows on the sofa and DID NOT want tenants who were paying 900/month to use the living room because it was considered a "potential bedroom"💯💯💯 AIRBNB IS AN ABSOLUTE TRASH COMPANY🎯💯💯💯AIRBNB has Totally AWFUL AND ILLEGAL PRACTICES💯💯💯 I KNOW THIS AFTER MONTHS OF AWFUL EXPERIENCES WITH AIRBNB, ABSOLUTE TRASH AND YOUBARE LITERALLY PUTTING YOUR LOFE AT RISK ANYTIME YOU USE,THEIR SERVICES, THEY CAN LET CRIMINALS GO INTO YOUR ROOM AT ANYTIME AND THEY HAVE NO SOLUTION FOR THAT, THEY WILL JUST IGNORE YOUR ILLEGAL ENTRY AND DEACTIVATE YOUR ACCOUNT💯💯💯
@@Ryan-mb6oj We do need to avoid a wage price spiral but that has nothing to do with giving money to other countries unless you are calling for using that money to fund low income housing which somehow I do not think that is what you are saying.
@@Ryan-mb6oj When women entered the workplace during and after WWII the price of everything doubled. Inflation is baked into the system. Working harder didn't get Americans ahead. It merely lessened the value of their labor.
Black Rock buying up thousands of starter Homes need to be outlawed along with people owning more than 2 properties. We can't continue to be a renters nation.
AirBnB is absolutely a problem. I stayed at an AirBnB once with some friends…. It ended up being more expensive than a hotel, we had to pay a cleaning fee, plus we had to clean the house (we were not a messy group). On top of that, the rental was below a party house, so sleep was not a thing…. After that, I will never use AirBnB again. This is also a problem for them, as I’ve heard of experiences like mine. The other issue, at least in the SF Bay Area, is many home have been purchased by foreigners. These units remain empty, because with the rate of increase in price of homes, they make enough money just letting the place sit. A friend of mine manages a mixed use building in San Francisco. There are several units in his building that were purchased and never moved into. Years later the unit remains empty.
Asking a real estate agent whether you should buy a home right now is like to asking an alcoholic whether they think you should have a drink lol. Homes in my neighborhood that cost around $450k in sales in 2019 are now going for $800 to $950k. Every seller in my neighborhood is currently making a $350k profit. Simply unreal. In all honesty, deflation is what we require. The only other option is for many people to go bankrupt, which would also be bad for the economy. That is the only way to return to normal.
I'm 61 and hv been priced out of housing rent. My area only build large houses. Now looking for a van to live in with my dog and cat. Thanks US for pricing seniors out of rentals!!😢😢😢😢😢😢😢😢😢😢
Excuse me I was single parent who never received child support so I worked 2 jobs!! My daughter was killed at 18 and I had to pay huge funeral prices. I suffered severe health problems that cost me and forced me to into disability. Hope your happy putting down a disabled person. People shouldn't speak on other people lives when they have no idea what their life is like!!! 😠😠😠
@@rack9458 WOW classy. Must b a Trumper troll! Why u watching TYT cause ur news places lie to u??? Don't answer I already know ur kinds answer but I will pray for you anyway. Once again speaking on people's lives u hv no idea about! By the way I hv to use a stylus in my mouth to type! Praying for you 🙏
You have my condolences on the loss of your daughter. People shouldn't be forced into such dire situations in the richest country in the world, but this is where our misplaced priorities have brought us. I wish there were services available that could help you, but I know the backlog for housing assistance in my area is 2--3 years, and I'm sure it's worse elsewhere. So sorry.
Affordable housing, as currently practiced, is a joke. In my hometown, the local factory complains that they can't get enough workers because they can't find apartments or houses to rent/buy. They built 'affordable rental units.' However, the local factory's wages put their 'affordable units' out of the reach of any workers who were single parents who needed at least a two bedroom unit and child care. My husband worked at the factory and we figured out how much of a raise he would need to actually afford the rent on a two-bedroom apartment while having enough money left over to actually have a life, and it was at least $2 more than he already made, and that didn't factor in child care. So, affordable housing needs to actually be affordable by the lowest common denominator as well as the higher common denominators.
As long as the govt allows corporations to buy homes in bulk quantities this problem won’t be solved. Zillow is one of those corporations buying homes left and right in the pandemic and re-listing them for 25% more. Also, just like college credits work; if you didn’t live in the state there should be an upchage (this is to protect the current resident buying power).
how credulous. the people from zillow were buying up the homes and then raising their valuation during the pandemic and then reselling them for a huge mark up. But sure, the same company who did that really gaf about affordable housing.
I think the frustrating part is that our politicians are denying the fact that any time this is happened around the world in history, (which is HAS PLENTY just look at Vienna pre world war 2) ) they have needed to step in to fix this… the market doesn’t fix itself people are greedy, and will drive this country to the ground, especially in our individualistic culture.
Land development restrictions to stop "sprawl" under growth management acts and urban growth areas will force a scarcity of areas for homes. Our Legislatures are the makers and shakers of the ability to build homes, and the members profit on the lack of housing. Our Law makers are expert at being landlords and run rental empires. Scarce homes makes rich rulers. Being a landlord is encouraged by law for our congress people as one of the very few legal means they may make $millions.
Airbnb has a negative impact on housing even in Germany, espeacially Berlin. There is a shortage of effordable homes here as well and it is clear that this company's business concept took a lot of objects from the market.
Ana, I've worked as an architectural draftsperson my whole life. I worked on a 650 million $ non profit development for first-time homebuyers. Your analysis is nothing short of brilliant. What you did not bring into this excellent analysis is the encroachment of private investment firms into local markets. There was a time when real-estate investors lived on your block. Now, they live in Abu Dabi or Canada. There is no sense of connection to the communities they buy.
Crazy idea here. People should only be allowed to own one house. I know, it's wild. I remember talking to a pharmacist in the Seattle area who owns 27 homes. He's renting some of them, the others he's trying to flip for higher. If people like that didn't exist, homes on the market would be bought at lower prices by people who actually wanted to live there. It's just scalping at this point. And someone who comes along and buys up all the tickets for a concert because they're loaded, and then resells them to people for twice as much is just a piece of shit. Capitalism is pure evil when it doesn't have any guard rails, especially when we're talking about necessities like housing.
@@ubereats3048 Because compassion? But if you can't figure that out, hey that's cool. You probably won't have to deal with any kind of repercussions or anything. We live in a lawful evil country after all.
I've despised AirBnB since its beginning. I never thaought it was a good idea in general, and that it would inevitably cause long term trouble. Sure enough. It did.
I live in the Denver metro. Our mountain towns are in severe crisis due to most rentals being short term. Businesses are closing due to workers not finding housing… it just really sucks.
In our touristy little town, Airbnb can only be a room in your home. No short term rental of homes. Half of our town would have been Airbnb without such regulations. Even so, there is almost no rentals available of any size, homes or apartments.
AirBNB is a SCAM.....with MANY MANY MANY owners that have Nefarious practices and ILLEGAL ACTIVITY, all of AirBNB properties should be audited...I am sure the IRS AND FEDS would find alarmimg ILLEGAL ACTIVITY with those houses and their MANY SCAM FRAUDULENT OWNERS. I recently rented out an AirBNB for 2 months(60 DAYS) consecutively while inbetween home leases. I had a private security camera in my bedroom because I could tell that someone had been in my room while I,was away from the home and I RECORDED THE AIRBNB OWNER/MANAGER FRIENDS/EMPLOYEES GOING IN AND OUT OF MY PRIAVTE ROOM AND I HAD A LOCKED DOOR ON. I reported the illegal entry into my bedroom to AIRBNB and they offered to pay for one night at a hotel because I ledt the AirBNB immediately after and lost out on my remaining month's rent that I prepaid. After a month of NO RESOLUTION AirBNB just deactived my account. I MADE SEVERAL POLICE REPORTS. I even enailed AirBNB CEO Brian Chesky for MANY WEEKS and I have copies of all emails sent, NO RESPONSE. I have copies of all the emails I exchanged with AirBNB customer service and they would just transfer me to a new employee that would ask me to explain everything to them like it was new, I spoke to at least 8 people and they would just keep transferring the ticket and acting like it was a new,issues and for me to explain it again like it was their 1st time hearing the complaint. I also have the video of them illegal entering my privated locked bedroom as well, I have the video posted online. AIRBNB has Totally AWFUL AND EXTREMELY OVERT ILLEGAL BUSINESS PRACTICES💯💯💯 AIRBNB IS AN ABSOLUTE TRASH COMPANY🎯💯💯💯 I KNOW THIS AFTER MONTHS OF AWFUL EXPERIENCES WITH AIRBNB, ABSOLUTE TRASH AND YOU ARE LITERALLY PUTTING YOUR LIFE AT RISK ANYTIME YOU GO THERE OR USE THEIR SERVICES, THEY WILL ALLOW CRIMINALS TO GO INTO YOUR ROOM AT ANYTIME AND THEY HAVE NO SOLUTION FOR THAT, THEY WILL JUST IGNORE THE ILLEGAL ENTRY BY THEIR CRIMINAL EMPLOYEES AND DEACTIVATE YOUR ACCOUNT IN AN ATTEMPT TO HIDE THEIR ILLEGAL ACTIVITY💯💯💯
AirBNB is a SCAM.....with MANY owners being into Nefarious practices and ILLEGAL CRIMINAL ACTIVITY, all of them should be audited...I am sure the IRS AND FEDS would find alarmimg illegal activity with those properties. I recently rented out an AirBNB for 2 months consecutively(60 days & I Paid Upfront) while inbetween home leases, I had a private security camera in my bedroom and I RECORDED THE AIRBNB FRIENDS/EMPLOYEES GOING IN AND OUT OF MY PRIVATE ROOM THAT HAD A LOCKED (KEYED ENTRY) DOOR ON. I reported the illegal entry into my bedroom to AIRBNB and they offered to pay for one night at a hotel because I left the AirBNB immediately after I was alerted by my security camera while I was in a meeting 20 minutes away from the home and I lost out on my remaining month's rent that I prepaid. After a month of NO RESOLUTION AirBNB just deactived my account. I even emailed AirBNB CEO Brian Chesky for many weeks and I have copies of all my emails, no response. I filed two police reports because the AirBNB owner had their friends come to the house pretending like renters and ATTEMPTING TO THREATEN/INTIMIDATE ME, The police showed up and I recorded the incident. I have copies of the police reports when the police came to,the house and witnessed the AirBNB Owner/Manager friends harrasing me as retaliation because I made the complaint to AirBNB Corporate about the illegal entry into my private bedroom. I have copies of all the emails I exchanged with AirBNB Customer Service, I spoke/emailed with over 8 employees of AirBNB and they would just transfer my ticket to a new representative every 3-4 days and ask me to repeat my complaint like it was the first time I made it and nothing was done. I also have the video of AirBNB Manager's friends/employees illegally entering my private locked bedroom as well, the video is posted online. I was Paying almost 900/month for a room the size of very very very tiny walk-in closet , in a shared home with 5 other "bedrooms" they cramped in there, the AirBNB was even so greedy that they made the shared living room a "bedroom option" and threw some pillows on the sofa and DID NOT want tenants who were paying 900/month to use the living room because it was considered a "potential bedroom"💯💯💯 AIRBNB IS AN ABSOLUTE TRASH COMPANY🎯💯💯💯AIRBNB has Totally AWFUL AND ILLEGAL PRACTICES💯💯💯 I KNOW THIS AFTER MONTHS OF AWFUL EXPERIENCES WITH AIRBNB, ABSOLUTE TRASH AND YOUBARE LITERALLY PUTTING YOUR LOFE AT RISK ANYTIME YOU USE,THEIR SERVICES, THEY CAN LET CRIMINALS GO INTO YOUR ROOM AT ANYTIME AND THEY HAVE NO SOLUTION FOR THAT, THEY WILL JUST IGNORE YOUR ILLEGAL ENTRY AND DEACTIVATE YOUR ACCOUNT💯💯💯
That, and these companies only build luxury housing. Working in Sacramento, I met a guy who moved up from LA, and he told me he ended up having to move because of costs. Homes there were being built in his relatively average neighborhood, but everything being built was luxury single family homes youd need at least six figures to even look at.
We dont need "starter" homes. We need to stop acting like every single family needs a driveway and a yard and we need to make many many multi-family units
@@rennnnn914 what do you mean where are they? They need to be built. Ideally if necessary we'd bulldoze some of these dumb suburbs to make them. We have the largest homes of practically anyone anywhere in the world. Makes no sense
Am *I* the only person who has never stayed in an Airbnb, or taken an Uber ride, or ordered food from some version of Snapchat or something? Who the hell wants to stay in a weird house situation that may very well be filled with cameras when you can just go to a hotel for the once in a great while you need to 'rent a bed and a shower?' Airbnb reminds of me the early 00s when everybody had a great idea for the internet that didn't pan out.
@@chopses8391 A hired driver (used by researchers to deliver elderly patients) once told me that Uber and the like 'are getting in a car with a stranger' - a taxi driver is legally vetted at least to a certain point.
I lived in a little mountain town in Southern California that has been completely destroyed by AirBNB. That company, and all the people who took the homes that should have been on the market, can rot. I will personally delight in the impending downfall of all those selfish people.
I feel like your 2nd home should have a high property tax placed on it, making even renting less profitable. After 3 or more homes they should be aggressively taxed. No companies should be able to own single family homes.
Literally millions of perfectly habitable residential properties are sitting empty - very deliberately, in order to create a false scarcity in order to drive values up.
I dont know where you are staying, but it sounds like you are not picking the right AirBnBs. You need to research (ie. read what they offer). Our AirBnB offers a lot, including: a fully stocked kitchen (all pots/pans, cooking and baking basics, 3 different oils, pyrex, storage bags, pancake mix, syrup, condiments, spices, coffee, creamer, butter, popcorn, drinks.... We have Hot tub, 3 hammocs, hammoc chairs. outdoor firepit... the list goes on.
@Nikoslist when I say amenities, I don't mean it as "home away from home". I'm referencing the service you get from a hotel in the same price range of whatever airbnb you choose to stay in. So for me I prefer the room service, house keeping, points, upgrades, pools.... unless it's a large group or a long stay, hotel is the better option for me
@@PrinceAzureZZZ you're family the size of the Brady bunch. However, your travels and my travels are vastly different. Lol. I'm single and kid free. My parents babysit my pup
What would be really helpful would be if counties would limit the amount of housing that corporations could buy. Not sure how realistic that is though. Maybe they could be persuaded if we protest in massive numbers like they do in other parts of the world ?
I agree, what city should we start??? ....AirBNB is a SCAM.....with MANY MANY MANY owners being into Nefarious practices and Illegal activity, all if them should be audited...I,am sure the IRS AND FEDS would find alarmimg illegal activity and facts with those houses. I recently rented out an AirBNB for 2 months consecutively while inbetween home leases, I had a private security camera in my bedroom and I RECORDED THE AIRBNB FRIENDS/EMPLOYEES GOING IN AND OUT OF MY PRIVATE ROOM THAT HAD A LOCKED DOOR ON. I reported the illegal entry into my bedroom to AIRBNB and they offered to pay for one night at a hotel because I ledt the AirBNB immediately after and lost out on my remaining month's rent that I prepaid. After a month of NO RESOLUTION AirBNB just deactived my account. I even enailed AirBNB CEO for many weeks and I have copies of all my emails, no response. I have copies of all the emails we exchanged and I have the video of them illegal entering my privated locked bedroom as well. I was Paying almost 900/month for a room the size of very very very tiny walk-in closet , in a shared home with 5 other "bedrooms" they cramped in there, the AirBNB was even so greedy that they made the shared living room a "bedroom option" and threw some pillows on the sofa and DID NOT want tenants who were paying 900/month to use the living room because it was considered a "potential bedroom"💯💯💯 AIRBNB IS AN ABSOLUTE TRASH COMPANY🎯💯💯💯AIRBNB has Totally AWFUL AND ILLEGAL PRACTICES💯💯💯 I KNOW THIS AFTER MONTHS OF AWFUL EXPERIENCES WITH AIRBNB, ABSOLUTE TRASH AND YOUBARE LITERALLY PUTTING YOUR LOFE AT RISK ANYTIME YOU USE,THEIR SERVICES, THEY CAN LET CRIMINALS GO INTO YOUR ROOM AT ANYTIME AND THEY HAVE NO SOLUTION FOR THAT, THEY WILL JUST IGNORE YOUR ILLEGAL ENTRY AND DEACTIVATE YOUR ACCOUNT💯💯💯
You might want to also be aware of the practice of "apartment warehousing", where multiple companies with lots of properties have mutually agreed to refuse to rent many of their properties in order to drive prices up. This is especially common with rent-controlled units. These companies use an intermediary website to create this unwritten agreement between each other, so it _technically_ isn't price fixing. But it's basically price-fixing, though with more steps. Nothing like sociopathic corporate greed to screw over the rest of society, eh? 😏
Meanwhile .. I just saw a report of buildings made for business in New York are standing empty of tons of office space created by developers. Even in my own country you can see how many empty large buildings created for businesses. There is not a "crisis" ... it's all poor planning and dumb investments
We need to stop talking about tax incentives and start talking about tax disincentives. Local governments could almost immediately fix the housing crisis by applying heavy taxes every month for vacant units.
🎯💯💯💯.....AirBNB is a SCAM.....with MANY MANY MANY owners being into Nefarious practices and Illegal activity, all if them should be audited...I,am sure the IRS AND FEDS would find alarmimg illegal activity and facts with those houses. I recently rented out an AirBNB for 2 months consecutively while inbetween home leases, I had a private security camera in my bedroom and I RECORDED THE AIRBNB FRIENDS/EMPLOYEES GOING IN AND OUT OF MY PRIVATE ROOM THAT HAD A LOCKED DOOR ON. I reported the illegal entry into my bedroom to AIRBNB and they offered to pay for one night at a hotel because I ledt the AirBNB immediately after and lost out on my remaining month's rent that I prepaid. After a month of NO RESOLUTION AirBNB just deactived my account. I even enailed AirBNB CEO for many weeks and I have copies of all my emails, no response. I have copies of all the emails we exchanged and I have the video of them illegal entering my privated locked bedroom as well. I was Paying almost 900/month for a room the size of very very very tiny walk-in closet , in a shared home with 5 other "bedrooms" they cramped in there, the AirBNB was even so greedy that they made the shared living room a "bedroom option" and threw some pillows on the sofa and DID NOT want tenants who were paying 900/month to use the living room because it was considered a "potential bedroom"💯💯💯 AIRBNB IS AN ABSOLUTE TRASH COMPANY🎯💯💯💯AIRBNB has Totally AWFUL AND ILLEGAL PRACTICES💯💯💯 I KNOW THIS AFTER MONTHS OF AWFUL EXPERIENCES WITH AIRBNB, ABSOLUTE TRASH AND YOUBARE LITERALLY PUTTING YOUR LOFE AT RISK ANYTIME YOU USE,THEIR SERVICES, THEY CAN LET CRIMINALS GO INTO YOUR ROOM AT ANYTIME AND THEY HAVE NO SOLUTION FOR THAT, THEY WILL JUST IGNORE YOUR ILLEGAL ENTRY AND DEACTIVATE YOUR ACCOUNT💯💯💯
Just research the number of owned VACANT homes, that will get you worked up. Building more homes will just create more homes for investors. We need policy that protects single family homes for families.
There's no such thing as a seasonal home. Unless it somehow gets torn down and rebuilt every year. We need some serious taxes on real estate profits to ward off the speculators and investors that just want to drive up prices for increased profits at the expense of exacerbating a homelessness crisis.
Zillow is the one who bought all the houses up in Clearwater FL. Over the past 4 years. They still do. 5th are the reason most can no longer afford to live here.
This is hysterical. The problem is income. Wages are stagnant. They have been for 40 years! Normal people cannot afford houses. It’s not that builders do not want to build them… Instead, it’s impossible to stay in business building things at a loss. The only way to fix this problem is to increase wages or lower the prices of all inputs… Good luck with that!
Lower the prices of all inputs? When has that ever happened? The truth is, big oil jacked up oil prices last year to smear Biden and “get theirs while they still can” and made RECORD BREAKING profits from it last year, which prompted everyone else to jack up their prices. Now we are stuck with stagnant wages and high prices. You’re right, wages must go up, but will they. A lot depends on what happens next year.
Don't believe everything you hear. They have to tell you building is expensive because everyone knows they're douchebags. Lumber prices went down $40,000 per house since last summer, kitchen cabinets are now at 2020 levels again and going lower, etc. They could easily cut prices 10%. Nobody wants these silly rate buydowns.
*Landlords shouldn't force their bills on tenants with bogus fees. Just an honest monthly fee, a small down payment. That is all tenants should be responsible to pay to rent an apartment.* *Bogus fees like, charging each family member $30 to apply toward the applications fees* *Bogus, 3 months rent, current rent and down payment. WHAT THE HELL??? We can hardly afford a current month rent. HOW DO WE PAY 3 MONTHS PLUS CURRENT MONTH???* *Landlords are getting too greedy*
This is a horrible take. The application fees are because they have to run background checks on the applicants. This costs money and is not free. You don’t see 3 months rent as often. It’s typically is the down payment, first, and last months rent. The down payment is because tenants often do damage to the rental since they don’t own the property. The first month rent is literally for the first month rent. Last month rent is if the tenant fails to pay rent and needs to be evicted. Evictions in California for example can sometimes take months. If the tenant doesn’t damage the rental then they get their deposit back and are simply paying for a place to live. This is very reasonable. If anything, the government needs to make more policies to improve the supply of homes. If there is a lot more supply, then home prices and rents will go down. Simple economics.
Tenants shouldn't force their financial irresponsibility's on landlords. I happen to be a landlord, I no longer interact with tenants and instead have my house in a transitional housing program where people fleeing family violence and the like get a few months breathing room while they find a long term solution. Prior to being in this program I charged 80% of market rent, with 2 weeks rent as a security deposit. During the 3 years I did that I cycled through 7 tenants, EVERY SINGLE ONE left the property damaged and uninhabitable, EVERY SINGLE ONE, failed to pay rent. And on top of that not a single one actually "cancelled" the rental agreement, they just moved out after not paying rent for a period of time. I lost almost an entire year worth of rental income just repairing the property after walls were broken down, windows were smashed. Doors had been kicked in, grafitti on the walls, burned carpets and curtains. And to top it all off a methamphetamine pollution that required professional cleaning to meet standards again. And while not receiving rent, the tenant is literally showing off their newly bought car that they got on finance. Having a large Christmas party while I am not celebrating Christmas since the rent didn't come in for the last 3 weeks, and I have to pay that mortgage and the insurance on that property. It is quite something having to explain to your 7 year old son that there won't be presents this year because the assholes next year are partying it up and not paying their rent so we can't celebrate our holiday. Stop behaving like and asshole dumping all the issues on landlords, the problem is with the tenants, all those fees and deposits? They are there so the landlord has some shot at keeping shit afloat when the tenant shirks on his responsibilities.
*@joshuacornwell6726 restrictions to landlords renting is one solution to high rent. If, tenants do damage take it up with that tenant and go to court for damages. Don't put it on all tenants and raise rent. What's the reason for raising rent every year? This is what I am talking about and those fees should go, too.*
socialism forthe rich is the biggest driver of inequality in America. now that the banks got their bailout, you can damn right win money if you bet that they will try and get a bailout for the commercial real estate market and these airbnb rental owners, if they cant force people to get back to the office and spend money on gas and at starbucks, or vacationing more because they know they cant ever afford a home. lol they wipe their posteriors with free hand of the market
There are a ton of abandoned houses in the small Massachusetts town I live in. I majored in stem can't afford to rent anywhere. This whole crisis is by design to benefit older generations at the expense of literally everyone else.
AirBNB is a SCAM.....with MANY owners being into Nefarious practices and ILLEGAL CRIMINAL ACTIVITY, all of them should be audited...I am sure the IRS AND FEDS would find alarmimg illegal activity with those properties. I recently rented out an AirBNB for 2 months consecutively(60 days & I Paid Upfront) while inbetween home leases, I had a private security camera in my bedroom and I RECORDED THE AIRBNB FRIENDS/EMPLOYEES GOING IN AND OUT OF MY PRIVATE ROOM THAT HAD A LOCKED (KEYED ENTRY) DOOR ON. I reported the illegal entry into my bedroom to AIRBNB and they offered to pay for one night at a hotel because I left the AirBNB immediately after I was alerted by my security camera while I was in a meeting 20 minutes away from the home and I lost out on my remaining month's rent that I prepaid. After a month of NO RESOLUTION AirBNB just deactived my account. I even emailed AirBNB CEO Brian Chesky for many weeks and I have copies of all my emails, no response. I filed two police reports because the AirBNB owner had their friends come to the house pretending like renters and ATTEMPTING TO THREATEN/INTIMIDATE ME, The police showed up and I recorded the incident. I have copies of the police reports when the police came to,the house and witnessed the AirBNB Owner/Manager friends harrasing me as retaliation because I made the complaint to AirBNB Corporate about the illegal entry into my private bedroom. I have copies of all the emails I exchanged with AirBNB Customer Service, I spoke/emailed with over 8 employees of AirBNB and they would just transfer my ticket to a new representative every 3-4 days and ask me to repeat my complaint like it was the first time I made it and nothing was done. I also have the video of AirBNB Manager's friends/employees illegally entering my private locked bedroom as well, the video is posted online. I was Paying almost 900/month for a room the size of very very very tiny walk-in closet , in a shared home with 5 other "bedrooms" they cramped in there, the AirBNB was even so greedy that they made the shared living room a "bedroom option" and threw some pillows on the sofa and DID NOT want tenants who were paying 900/month to use the living room because it was considered a "potential bedroom"💯💯💯 AIRBNB IS AN ABSOLUTE TRASH COMPANY🎯💯💯💯AIRBNB has Totally AWFUL AND ILLEGAL PRACTICES💯💯💯 I KNOW THIS AFTER MONTHS OF AWFUL EXPERIENCES WITH AIRBNB, ABSOLUTE TRASH AND YOU ARE LITERALLY PUTTING YOUR LIFE AT RISK ANYTIME YOU USE THEIR SERVICES💯💯💯 THEY CAN ALLOW CRIMINALS TO GO INTO YOUR ROOM AT ANYTIME AND THEY HAVE NO SOLUTION FOR THAT, THEY WILL JUST IGNORE YOUR ILLEGAL ENTRY COMPLAINTS AND DEACTIVATE YOUR ACCOUNT SO THEY CAN PRETEND NOTHING HAPPEN💯💯💯 THESE CRIMINALS HAVE KEYS TO EVERY ROOM AND YOU HAVE NO IDEA HOW MANY PEOPLE HAVE COPIES OF THAT KEY, OR IF PREVIOUS RENTER JUST MADE 20 COPIES OF THAT KEY. THERE HAS ALSO BEEN A LOT OF RECENT NEWS REPORTS OF HIDDEN CAMERAS IN BATHROOMS ETC FILMING TENANTS. THOSE ILLEGAL BATHROOM URINATION & SHOWER VOYEUR VIDEOS ARE SOLD ONLINE TO PERVERTS AT A HEFTY COST/FEE (AND YES, THAT IS A VERY POPULAR THING/HOBBY FOR SOME SIC PEOPLE). THEU HAVE SECURITY CAMERAS IN PUBLIC AREAS AT MOST AIRBNB, HOWEVER I WOULD NOT RULE OUT THAT THESE CRIMINALS ARE PUTTING NUMEROUS HIDDEN CAMERAS IN ALL PRIVATE AREAS OF HOMES AS WELL SUCH AS SHOWERS AND BATHROOM TOILETS JUST TO SELL THOSE VIDEOS LATER FOR MORE CASH, AND THERE HAS ALREADY BEEN NEWS STORIES COMING OUT RECENTLY OF THAT HAPPENING🎯💯💯💯 I AM MALE AND I CAN DEFEND MYSELF AGAINST A CRIMINAL WALKING INTO MY ROOM IF I WAS THERE IN THE ROOM, I FEEL SCARED & VERY WORRIED FOR FEMALE TRAVELERS WHO ARE ALONE AND RISKING A CRIMINAL MAN WALKING INTO YOUR ROOM AT ANY POINT THROUGHOUT THE NIGHT WITHOUT NOTICE AS THERE IS ABSOLUTELY NOTHING AIRBNB WILL DO ABOUT IT EXCEPT IGNORE IT🎯💯💯
I don't understanding this housing shortage when there are hundreds of ABANDONED towns in the US. Millions of unused apartments units in this country. Legislation and funding are needed
As has often been the case, the jobs and housing aren't in the same place, usually not even in the same state. One thing that's really needed is for residential housing, the roof a person needs over their head, should not be something hedge funds and banks are allowed to hoard. I remember seeing tons of empty houses after the 2008 crash that the banks didn't want to sell or rent. IMO that crisis led to this latest one.
Seasonal homes need to have higher property taxes , for every home someone or a LLC owns should have a progressive property tax 1st, home normal rates second home +50% 3rd home +100% 4 home +150%. And so on . Make owning more than 1 properties unsustainable then they will sell
Get rid of mortgage interest deductions except for a short term first buyer. Almost no other country has it and our ownership rates are no higher with it. Its a subsidy to real estate agents who are the most useless people on the face of the planet.
U do realize the goverment is the reason why houses are so expensive. First time gomebuyer is a great example. The goverment helps someone get in a overpriced house. If the goverment would stop doing g that the seller would lower the price. That's 1 of about 10 examples
@@Ryan-mb6oj That example is bad government transferring wealth to property owners from tax revenue. Government's job is to regulate in order to create a fair marketplace.
@@Ryan-mb6oj The seller will not lower the price until they get foreclosed on, or are forced in some other way. As I said, the free market will not solve this problem until the govt steps in and does it for them, but since they will not then they will remail high forever, or until the market crashes. The VA helps people get into homes and this is a good thing. Also a middle income wage used to be able to purchase a home, but no longer since all homeowners got stupid and assumed all home values would always go up. That helped lead to the crash in 08 and might do so again.
@@ouknow1446 That is why we need newer and better politicans to say to the home builders to stop making overprices homes for only rich people and start making some starter homes. A middle income home used to be built but no longer since home builders and rich people got greedy and stupid and demanded profits forever on home values.
AirBNB is a SCAM.....with MANY owners being into Nefarious practices and ILLEGAL CRIMINAL ACTIVITY, all of them should be audited...I am sure the IRS AND FEDS would find alarmimg illegal activity with those properties. I recently rented out an AirBNB for 2 months consecutively(60 days & I Paid Upfront) while inbetween home leases, I had a private security camera in my bedroom and I RECORDED THE AIRBNB FRIENDS/EMPLOYEES GOING IN AND OUT OF MY PRIVATE ROOM THAT HAD A LOCKED (KEYED ENTRY) DOOR ON. I reported the illegal entry into my bedroom to AIRBNB and they offered to pay for one night at a hotel because I left the AirBNB immediately after I was alerted by my security camera while I was in a meeting 20 minutes away from the home and I lost out on my remaining month's rent that I prepaid. After a month of NO RESOLUTION AirBNB just deactived my account. I even emailed AirBNB CEO Brian Chesky for many weeks and I have copies of all my emails, no response. I filed two police reports because the AirBNB owner had their friends come to the house pretending like renters and ATTEMPTING TO THREATEN/INTIMIDATE ME, The police showed up and I recorded the incident. I have copies of the police reports when the police came to,the house and witnessed the AirBNB Owner/Manager friends harrasing me as retaliation because I made the complaint to AirBNB Corporate about the illegal entry into my private bedroom. I have copies of all the emails I exchanged with AirBNB Customer Service, I spoke/emailed with over 8 employees of AirBNB and they would just transfer my ticket to a new representative every 3-4 days and ask me to repeat my complaint like it was the first time I made it and nothing was done. I also have the video of AirBNB Manager's friends/employees illegally entering my private locked bedroom as well, the video is posted online. I was Paying almost 900/month for a room the size of very very very tiny walk-in closet , in a shared home with 5 other "bedrooms" they cramped in there, the AirBNB was even so greedy that they made the shared living room a "bedroom option" and threw some pillows on the sofa and DID NOT want tenants who were paying 900/month to use the living room because it was considered a "potential bedroom"💯💯💯 AIRBNB IS AN ABSOLUTE TRASH COMPANY🎯💯💯💯AIRBNB has Totally AWFUL AND ILLEGAL PRACTICES💯💯💯 I KNOW THIS AFTER MONTHS OF AWFUL EXPERIENCES WITH AIRBNB, ABSOLUTE TRASH AND YOU ARE LITERALLY PUTTING YOUR LIFE AT RISK ANYTIME YOU USE THEIR SERVICES💯💯💯 THEY CAN ALLOW CRIMINALS TO GO INTO YOUR ROOM AT ANYTIME AND THEY HAVE NO SOLUTION FOR THAT, THEY WILL JUST IGNORE YOUR ILLEGAL ENTRY COMPLAINTS AND DEACTIVATE YOUR ACCOUNT SO THEY CAN PRETEND NOTHING HAPPEN💯💯💯 I AM MALE AND I CAN DEFEND MYSELF AGAINST A CRIMINAL WALKING INTO MY ROOM IF I WAS THERE IN THE ROOM, I FEEL SCARED & VERY WORRIED FOR FEMALE TRAVELERS WHO ARE ALONE AND RISKING A CRIMINAL MAN WALKING INTO YOUR ROOM AT ANY POINT THROUGHOUT THE NIGHT WITHOUT NOTICE AS THERE IS ABSOLUTELY NOTHING AIRBNB WILL DO ABOUT IT EXCEPT IGNORE IT🎯💯💯 THEY HAVE KEYS TO EVER ROOM AS YOU HAVE NO IDEA HOW MANY PEOPLE HAVE COPIES OF THAT KEY, AS THERE HAS ALSO BEEN RECENT NEWS REPORTS OF HIDDEN CAMERAS IN BATHROOMS ETC FILMING TENANTS,. THOSE ILLEGAL BATHROOM URINATION & SHOWER VOYEUR VIDEOS ARE SOLD ONLINE TO PERVERTS AT A HEFTY COST/FEE (AND YES, THAT IS A VERY POPULAR THING/HOBBY FOR SOME SIC PEOPLE)🎯💯💯💯
