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American Dream Stolen By Corporations 

Kristina Smallhorn
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MetLife Investment Management predicts that institutional investors could control 40% of U.S. single-family rental homes by 2030, a significant increase from the roughly 5% they held in early 2022. This surge in institutional ownership follows the single-family rental industry's expansion, which began with government backing after the 2008 financial crisis. Lawmakers, including Rep. Ro Khanna, have criticized the role of private equity and Wall Street in this market, emphasizing concerns over housing affordability and the transformation of potential homeowners into perpetual renters. The industry's defenders argue their market share isn't large enough to influence rental prices significantly, despite notable rent increases in Sun Belt states. However, with rising housing inflation and the potential for a market correction, some companies might reconsider their real estate investments, indicating a complex future landscape for single-family rentals in the U.S.
The American Dream Being Destroyed Even Further: • The American Dream Bei...
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American Dream Stolen By Amazon: • American Dream Stolen ...
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18 мар 2024

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Комментарии : 1,8 тыс.   
@kburkes4245
@kburkes4245 2 месяца назад
Here's how I know it's investors buying up homes: When I was thinking of selling my home last year, the realtor flat out told me that if I didn't want to go through the process of putting it on the market, they had investors who would buy it. So corporate investors can gobble up houses before they even hit the market! I've already decided if I do sell, it won't be to an investor, even if I have to sell at a discount. I want a young family have the American dream ❤
@cydonia3167
@cydonia3167 2 месяца назад
I am getting ready to sell my bungalow home, perfect starter home for young buyers, and I will absolutely be paying the buyers commission fees. I'm pretty sure you can stipulate in the sales agreement that it has to be owner occupied. I want younger generations to have at least a chance at home ownership!
@themiseducationoftheameric7407
@themiseducationoftheameric7407 2 месяца назад
I agree with you. I want a Family that wants a home to have it.
@laco9827
@laco9827 2 месяца назад
That is what's happening here in Maryland. One day, you see a listing for a home that's "coming soon". You contact via your agent and find out that the house was already sold. This is just wrong and hurts the average person like me.
@themiseducationoftheameric7407
@themiseducationoftheameric7407 2 месяца назад
@@laco9827 Yeah. They need to make this more known. When and if I sell my home, I want a family to have and make memories in it. Just i’ve been able to do. So greedy. And it’s hurting everyone
@realestatebykemi
@realestatebykemi 2 месяца назад
Good for you! They’ve been getting away with it because of cash, they don’t ask for closing costs, no appraisal, & quick 14 day close. FHA, VA, & Conventional buyers can’t compete.
@justliss1827
@justliss1827 2 месяца назад
Corporate America always ruins the American dream.
@dweebcentric
@dweebcentric 2 месяца назад
Noawadays they call it “enshitification.”
@Rioboss420
@Rioboss420 2 месяца назад
Corporate America sent all manufacturing jobs to China , all tech jobs to India and selling houses on double price to us.
@bvssrsguntur6338
@bvssrsguntur6338 2 месяца назад
And there is no security to a common us citizens from these corporations? A failure of democracy
@droubal
@droubal 2 месяца назад
This has been possible because congress passes laws and tax advantages, for corporations, that regular people don't have. Corporations buy these advantages with lobbying. Lobbying is legalized bribery. There are over 100 million voters. We should be voting all these old people out of congress. Vote out all incumbents. Voters would have real power if we weren't manipulated. Then we need to talk about the primaries. We no longer have real elections because the primaries are so corrupt. Young people need to become more angry and interested in politics. Vote out all these old geezers.
@bentleymalshi7953
@bentleymalshi7953 2 месяца назад
A dream that has turned into a nightmare.
@amichaels1
@amichaels1 2 месяца назад
Private equity is basically ruining everything at this point. Nursing homes. Dental care. Hospitals. Etc.
@roysmith5293
@roysmith5293 Месяц назад
Yup it’s all for the democrats green new deal they first have to bankrupt everyone to consolidate power so they can have absolute control it’s all rigged at this point
@waverlyking6045
@waverlyking6045 Месяц назад
Plus they closed down a lot of our favorite stores.
@xandervanzyl9342
@xandervanzyl9342 Месяц назад
I have some deteriorated gums from not having access to many mouth hygiene products growing up (I grew up near homeless in South Africa) It would be cheaper for me to buy a plane ticket to Mexico and get my procedures than for me to get it done here in America. With insurance.
@cptcosmo
@cptcosmo Месяц назад
@@xandervanzyl9342 You would be surprised at how many retirees do that very same thing for their dental care. Vacation to Mexico and have work done while there.
@vden02
@vden02 Месяц назад
Mobile home parks are being gobbled up too.
@Joey-fs7ro
@Joey-fs7ro 2 месяца назад
And this country slides a little farther down the cliff into total slavery by the corporations... And this is only the beginning. There is no end to the greed. 😒
@What_do_I_Think
@What_do_I_Think 2 месяца назад
Oh, the "end" is what you currently see: MAGA. MAGA was born out of the greed that RR started. Out of the downfall of the middle class. Now these ppl only know hate and are to uneducated to understand, that they are used (again). The "end" of greed is destruction of society.
@leonardmccannon3136
@leonardmccannon3136 2 месяца назад
Quite right. Food, energy, housing - its all going to be owned by the overlords and its consequences are becoming very hard to ignore.
@paulj6756
@paulj6756 2 месяца назад
"You have owners"--George Carlin
@LIVdaBrand
@LIVdaBrand 2 месяца назад
Slavery was what this country was founded on. It will continue.
@carlywright5127
@carlywright5127 Месяц назад
I call it Fascism and yes end enslavement , courtesy of Fed, Central banks, one world gov, all to the plan.
@jefferykeeper9034
@jefferykeeper9034 2 месяца назад
The US government is not going too stop this because they are getting a kick back from the cooperation
@KristinaSmallhorn
@KristinaSmallhorn 2 месяца назад
100 % correct.
@troywhite6039
@troywhite6039 2 месяца назад
Not just a kickback, they profit at every level and stage multiple times from taxes to investments to inflation.
@DrewTheWolfe22
@DrewTheWolfe22 2 месяца назад
And here we are having a popularity contest between 2 people that will never plan to fix any of this.... we should really rally to take our country back
@KristinaSmallhorn
@KristinaSmallhorn 2 месяца назад
@@DrewTheWolfe22 there hasn’t been a “good” choice in decades. It’s like choosing between fresh poop or dried poop.
@DMoney581
@DMoney581 2 месяца назад
Corporations ARE the government.
@princessmarlena1359
@princessmarlena1359 2 месяца назад
This is why many young people have given up. No home, no livable wage jobs, no marriage, and no families.
@kanenomoja
@kanenomoja 2 месяца назад
“You will own nothing and be happy.” And, by “happy” we mean destitute and miserable.
@princessmarlena1359
@princessmarlena1359 2 месяца назад
“You’ll get nothing, and like it!”
@kanenomoja
@kanenomoja 2 месяца назад
@@princessmarlena1359 The actual statement is much worse.
@sterlingmarshel6299
@sterlingmarshel6299 2 месяца назад
overused quote and has nothing to do with housing
@JBG1968
@JBG1968 Месяц назад
And work until the day you drop dead
@Godovereverything8
@Godovereverything8 Месяц назад
@@sterlingmarshel6299 it does because you will not own your own home
@red_hobbit3323
@red_hobbit3323 2 месяца назад
I keep flashing back to a 60 minutes episode of a hedge fund manager saying,"You can RENT the American Dream" 🤦‍♀️😤
@arnman2093
@arnman2093 2 месяца назад
Considering how property tax works, we always have 'rented' the American Dream.
@piast_kolodziej
@piast_kolodziej 2 месяца назад
@@arnman2093 it's insane how high are property taxes in US. In Poland I pay around $60 a year for my 2 apartments.
@anjr6282
@anjr6282 Месяц назад
I hate that we pay for property taxes. Especially for people that have worked their whole life to own a home and they can’t afford to live there anymore because of property taxes.
@Colonel__Ingus69
@Colonel__Ingus69 Месяц назад
There are opportunities available in any market no.matte the obstacles. So many people are happy to give their equity to the landlord?
@PlasmaBurns
@PlasmaBurns 2 месяца назад
I was thinking of buying a tool shed from Home Depot for a few hundred dollars and selling it in Florida for 350k.
@TheEblenRealestateTeam
@TheEblenRealestateTeam 2 месяца назад
Lol
@darlenestadler9051
@darlenestadler9051 2 месяца назад
LOL 😅
@Joce123
@Joce123 2 месяца назад
Yeah my family is in Florida and they can buy a shed in Florida from Home Depot down the street. The zoning laws, alligators- protected species status makes tiny houses a "no go"
@KristinaSmallhorn
@KristinaSmallhorn 2 месяца назад
Investment advice: sell it in California for a million.
@chenanigans
@chenanigans 2 месяца назад
Sell it in Seattle for triple that price; just call it a 'Tiny Home'.
@cstone6267
@cstone6267 2 месяца назад
I saw this coming, like you did years ago. We sold our rental house to our niece and her husband at an affordable price. Sure, we could have made bank but decided to help out our family.
@ellencox8415
@ellencox8415 2 месяца назад
Frankly, I think anyone who sells a residential home to a rental company or corporation is evil. I'm not joking in the slightest. It proves you do not care about your neighbors or the community at all. EVERYONE knows that people who rent, do not take care of the property as if they owned it and every house that is rented, robs the first time homeowner of a bigger selection on the market.
@kristinab1078
@kristinab1078 2 месяца назад
@@tharais It's only impossible to believe for those who bow down and worship at the foot of the mighty dollar. Your comment suggests that you may be one of them. Some people are content financially where they are in their lives and actually find REAL meaning in family, community, giving of their time or resources, and yes, giving a boost once in awhile to the people around them. You can't take it with you, so you might as well be generous. Crazy, right?
@chinaarlene7035
@chinaarlene7035 2 месяца назад
​@tharais money is the root of all evil...look at you.
@TheQuietStorm6000
@TheQuietStorm6000 2 месяца назад
This type of transaction does happen. I see it as a renovation consultant. Small investor family member, selling to a family member, estate sale etc. The homes were in poor condition or dated but buyer used a renovation loan (203k or Fannie Home Style) to purchase and renovate.
@W333L
@W333L 2 месяца назад
@@tharaisthe fact that you can’t fathom giving up greed in excess in favor of making loved ones happy says a lot about your moral character
@markbrzezinski8889
@markbrzezinski8889 2 месяца назад
The problem is that "parties" running for government accept donations!!!!
@KristinaSmallhorn
@KristinaSmallhorn 2 месяца назад
All of them.
@michellemaxner8638
@michellemaxner8638 2 месяца назад
And thanks to the Citizens United ruling, Corporations & Institutions literally buy the legislators who enact and regulate on behalf of themselves.
@rbnallen95
@rbnallen95 2 месяца назад
I live in Ohio and I own my own home. I keep getting letters in the mail saying so and so would be more than willing to buy my home. Nope. I refuse to sell to them. I knew they were private investors.
@zcorpalpha2462
@zcorpalpha2462 2 месяца назад
Right Don’t leave 🥃🔥
@Hectorszenshopedc
@Hectorszenshopedc 2 месяца назад
it is called MONOPOLY for whoever finished schooling
@KoRntech
@KoRntech 2 месяца назад
Remember when those were bad? Now we're told they're good.
@frankisawesomee
@frankisawesomee 2 месяца назад
At end of the game someone always wins so who will
@Hectorszenshopedc
@Hectorszenshopedc 2 месяца назад
@@frankisawesomee yeah whoever lays flat or boycotts.. house market desire is dropping because of insurance rates and renovations.. all homes are almost more than 20 years old.. new development is costing 3x what it was 20 years ago.. same 30 year mortgages LOL... they burst the bubble so hard wooden apartments like mine are over $1000.. the appraisals of homes are money laundering scams by the banks... legal laundering
@Encephalitisify
@Encephalitisify 2 месяца назад
Yep and it caused the Great Depression
@Hectorszenshopedc
@Hectorszenshopedc 2 месяца назад
@@Encephalitisify Thanks for the good gesture🎇 God Speed US all
@kathyslage7059
@kathyslage7059 2 месяца назад
Private equity is THE PROBLEM. what are we going to do? Our politicians won't help. I am so down about the future.
@shanerogers9386
@shanerogers9386 2 месяца назад
Make your own justice.
@dweebcentric
@dweebcentric 2 месяца назад
They’re investing in the Slums of the Future. You can only knock people down so much before there is nothing less.
@ShiningSakura
@ShiningSakura 2 месяца назад
careful what you wish for... private equity covers everything from institutional investors to the everyday individual owning their own home...... its all in the wording. make sure you specify institutional investors and not create a nightmare for your children and grandchildren to deal with just owning their own home. Not to mention giving the government more power to live out their dream of government owns everything , you own nothing, and you will be happy about it. That's how it is in China... NO ONE owns any property, they lease it for 70 or so years and when its up... you are out of there.
@honestfriend767
@honestfriend767 2 месяца назад
During the gilded age “we the people” took down rubber barons by forming labor unions and lobbying our politicians. We need to do the same today and form political unions and lobby our politicians to pass laws against this.
@alexfleming6304
@alexfleming6304 2 месяца назад
@@honestfriend767 yes American people lobby.
@Shoibyrd
@Shoibyrd 2 месяца назад
I was the highest bidder on a home. I was so excited to have my first house! But a "business investor" came along and offered 30k less, but was paying out cash. They won the bid. I am devastated as this keeps happening in my area. The worst part, the home sat empty for 2 years before they put any work on it then sold it for a 200k profit.
@edennis8578
@edennis8578 2 месяца назад
In some places, they couldn't do that without the seller having to pay a penalty to the realtor, at least if the offer meets the asking price. Where I live, the highest offer gets it unless they can't get financing. If the seller turns it down, they have to pay the realtor their fee anyway.
@MorningClarity
@MorningClarity 2 месяца назад
@@edennis8578 the Realtor probably worked for/with the investor as a regular source of business.
@user-ho3dk4pg8y
@user-ho3dk4pg8y 2 месяца назад
Same happened to my daughter attempting to purchase her first house just a week ago. So excited to find the perfect place! BIG down payment, offered to match the highest bidder, pay all the closing costs, last minute extra cash - nope, a cash offer got it. Heartbreaking. 😢
@madsniperD
@madsniperD Месяц назад
Write a letter to the seller for the next place. Tell them everything you love about the house. This can sometimes sway sellers who want someone to live in it rather than flip it and rent it out. It worked for me.
@fierro7771
@fierro7771 Месяц назад
@@user-ho3dk4pg8y thats terrible. Did she get most of her money back?
@Jenjenn1111
@Jenjenn1111 2 месяца назад
It’s about time someone is talking about the real issue. How else can inventory be low, prices rising, but no one can afford a home? Who else is buying these homes? It’s sickening!
@davidlambert7937
@davidlambert7937 2 месяца назад
Like they done everything else... Low guy doesn't stand a chance
@thomass2451
@thomass2451 Месяц назад
The real issue is capitalism.
@JohnSmith-tn1te
@JohnSmith-tn1te Месяц назад
​@@thomass2451😂😂
@frankisawesomee
@frankisawesomee 2 месяца назад
I don’t know how they think this is right. You cannot have someone always rent forever because then they won’t be able to afford rent when they are older. If you’re 70 and still paying rent on a fixed benefit amount you simply cannot do that.
@ninaninabonita
@ninaninabonita 2 месяца назад
This should be required viewing for every American citizen today.
@ianlloyd4301
@ianlloyd4301 28 дней назад
What are you talking about . That would be anti American to force people to watch stuff . That’s statement is something you would see in communist North Korea where they are forced to watch propaganda on their government provided tvs
@davidknightx
@davidknightx 2 месяца назад
I've LONG given up on home ownership. My plan is to save 20yrs and buy a small patch of land (homelessness is starting to become illegal). Then put up a very nice tent (at worst) or manufactured home on it (at best). If I can't afford to pay it in full, then just getting the tent. Time to wake up people. The dream is dead and we need to start preparing yourself for the fact the civil oligarchy is in complete control at this point. It's not about prospering; it's about surviving.
@pinschrunner
@pinschrunner Месяц назад
In the free state of Florida, you cannot put a motor home on land you own in some counties, let alone a tent. Not even while you build. Many places cannot be off grid, especially if u have electric accessible and water available for connection. You have overlords
@stew6662
@stew6662 19 дней назад
There are lot of nice Tiny homes that you can get for under 50k and nice manufactured homes for under 100k.
@easybeautybyniccolebordino8368
@easybeautybyniccolebordino8368 2 месяца назад
It is TRUE! It’s unfair - it’s a big problem. They will if our gov. doe not step in and stop them. Dream home finders built a small subdivision of town homes in my community, they never hit the market. The developers sold THE ENTIRE subdivision to an investor. The investors will rent all those new homes small families like mine were hoping to buy. The rent $2100-$2500 a month in a community hat hit by the recession and full of unhoused people. I rent an apartment in a building across the street from the community homeless shelter . Our government is allowing corporations to steam roll citizens into poverty and homelessness. America is a disgrace. A 3rd world county in a Gucci belt. Our government taxes us to death and does nothing to provide for our basic needs. I don’t think I’ll be able to retire here.
@shanerogers9386
@shanerogers9386 2 месяца назад
Why are they still alive ?
@kathyslage7059
@kathyslage7059 2 месяца назад
💯
@marcys6397
@marcys6397 2 месяца назад
I one hundred 💯 agree with you. I'm already looking to move out of the US bcuz I can't afford to stay here.
@whois3581
@whois3581 2 месяца назад
@@shanerogers9386 American Revolution 2: Electric Boogaloo
@shanerogers9386
@shanerogers9386 2 месяца назад
@@whois3581 people who want to hoard homes, manipulate and rig the market, then extort you and your family to live must be served justice. And justice is brutality.
@robbrown3941
@robbrown3941 2 месяца назад
This is true. I’m a driver for a large hvac company in Florida. I see new construction homes that are all sold to these hedge funds. They are buying up all the homes in Florida.
@jonlj77
@jonlj77 2 месяца назад
Hopefully they can’t get homeowners insurance and all these corporate homes flood out
@user-po2lw9ds9q
@user-po2lw9ds9q Месяц назад
@@jonlj77 LOL - if they have hired a lobbyist for DC, the taxpayer will pick up the tab.
@goyam2981
@goyam2981 Месяц назад
Money printing
@uk7769
@uk7769 2 месяца назад
just live out of your car and eat $7 boxes of shrinkflated Kellogs cereal. The New American Dream.
@joegrazulis2810
@joegrazulis2810 Месяц назад
Only if it is an electric car.
@timothysaye5535
@timothysaye5535 Месяц назад
Better yet. Set up a tent in a blue city of America. Free drugs, food!
@chriswhite2151
@chriswhite2151 2 месяца назад
This is scary. Private equity is taking over literally EVERYTHING, including hospitals and emergency rooms. How can we ever hope to fight this? It seems impossible.
@KristinaSmallhorn
@KristinaSmallhorn 2 месяца назад
I don’t think they ever considered we’d find out. The more we ALL get mad and keep getting louder I believe we can chip away at the machine.
@eattherich9215
@eattherich9215 2 месяца назад
'How can we ever hope to fight this?' Stop voting for people in the pockets of the corporations.
@KristinaSmallhorn
@KristinaSmallhorn 2 месяца назад
@@eattherich9215 that’s becoming more difficult. Only a handful at the federal level do not take PAC money.
@susanwerner9961
@susanwerner9961 2 месяца назад
Thank the Supreme Court and the Citizens United decision that was not for citizens at all but allowing dark money to buy political candidates.
@eattherich9215
@eattherich9215 2 месяца назад
@@KristinaSmallhorn: true, but at least they will be the hold outs when it comes to further enabling the corporations.
@alphaomega1351
@alphaomega1351 2 месяца назад
In order for homes 🏡 to be comfortably affordable and for consumers to stand a chance of outright ownership within a lifetime, the price range should be $150k - $250k. Not $400k - $600k. The powers that be know this. But they don't care. As long as they can pile you up with debt until your demise, that's all they care about. So nobody owns anything. Your landlord simply changes to a bank 🏦. Smh! 😳
@suzybearheart530
@suzybearheart530 2 месяца назад
And those of us who managed to buy a decent home for under $400k may still end up without a house as they keep upping property taxes, homeowners insurance, and utilities. It's really depressing.
@darlenegattus8190
@darlenegattus8190 2 месяца назад
Yep
@ksplinter007
@ksplinter007 2 месяца назад
Don't want to set prices. It needs to be free market. But individual buyers take priority, therefore lowering prices
@redraiderrider3289
@redraiderrider3289 2 месяца назад
Consoomers
@kyleolson9636
@kyleolson9636 2 месяца назад
We simply need to build more houses. That solves the entire problem. We built 25+ million homes per decade between 1970-2010. We built 5.8 million homes between 2010-2020. That is 99% of the problem. Investors are only doing this because they know home prices will keep rising if no new homes are built. Build more homes and the investors will go away naturally.
@timothyrabourn8906
@timothyrabourn8906 2 месяца назад
I got hurt at JB Hunt (perfect head driver/trainer) unloading trailers and it took two years to get medical help and surgery after the corporation removed my personal insurance, denied medical compensation, wouldn't let me quit to get government assistance so no income, no medical care while hurt. If it wasn't for my family I'd be homeless to this day, and I had home, truck, car helping my daughter through college and lost everything. OSHA did an investigation and conspired with the big organization, who cares about safety chains between trailers. Draconian laws are made to attack the individual and worship organizations!
@waitaminute2015
@waitaminute2015 2 месяца назад
How horrible. I've heard these kinds of stories. What's the point in having insurance if your job gets rid of you? That's why I'm for a universal system, although not perfect, at least you have something regardless of your work status. Life can change in a New York minute, but your health coverage shouldn't. I hope you are doing better.
@thepoormanschannel5203
@thepoormanschannel5203 2 месяца назад
It amazes the corporations have little concern for the people.I had some similar things out on road...Then they wonder why they can't find drivers and none stay...
@bks6000
@bks6000 2 месяца назад
Wouldn't let you quit? Slavery is unconstitutional?
@timothyrabourn8906
@timothyrabourn8906 2 месяца назад
@@bks6000 YES! And I have documented proof! It gets way worse, and lawyers didn't have any cases to fall back on so I'm screwed! I also have proof of OSHA conspiring with the corporation! And it cost me dearly! But who cares about and individual when we're bowing to organizations as the draconian laws dictate!
@dottyjyoung
@dottyjyoung 2 месяца назад
As a small landlord, I actually lowered my tenants rent by 10%, when my husband got a 10% raise. I can't justify keeping my tenant & friend at the same rate when we're doing better.
@claudiaschneider3077
@claudiaschneider3077 2 месяца назад
How nice of you! Very kind person you must be. I am forced to rent and i am 60 years old. I do love my landlord though. He has been kind to us when we needed most. Have a wonderful day!!
@miaq392
@miaq392 Месяц назад
That’s so nice of you. My mom has been renting for the past 10 years and the owner hasn’t increased her rent at all. Not even $1. And as nice as he is, I told her she should still buy something (should’ve been brought but🤷🏾‍♀️) because she doesn’t know what may happen if he was to pass away.
@collinquinton1980
@collinquinton1980 2 месяца назад
I think you're absolutely right. When we were selling our home in 2021, we had an offer for $60k over asking with no inspection required. We later found out it was one of those institutional investors and we declined their offer because we knew what it would do to our neighborhood.
@cindyonyoutube
@cindyonyoutube 2 месяца назад
Sadly for all of us little wanna be home buyers, your analysis is exactly on point
@thomasstephens1598
@thomasstephens1598 2 месяца назад
I would say that figure is low you can't drive more than 2 miles with out seeing signs saying we buy houses.
@targetedplantsguy9481
@targetedplantsguy9481 2 месяца назад
The people with the we buy houses signs are typically wholesalers. What they do is find a buyer for a house knock on the door and or call offer a cash amount and then sell it to the buyer that they already had in line then give the leftover cash to the owner. The practice should be illegal It happened to my neighbor who had just buried their grandmother got a phone call was told how how horrible the house was they agreed to a cash payout of $60,000. The next week it was on the market for $280,000 2 weeks from that it's still on the market for $388,000. So the buyers flipped it and sold it to a third buyer who is still holding the bag. This is another reason homes are going up in price so fast. Having three buyers to a home in 3 months is just crazy.
@troywhite6039
@troywhite6039 2 месяца назад
And "Subject too". If you hear thise words so NO
@TheLovely990
@TheLovely990 2 месяца назад
I will not sell my property to an investor period, but to someone who needs affordable housing
@miaq392
@miaq392 Месяц назад
Exactly! this is how all home owners should be moving if they want to sell. Take away some of these investors power.
@chuckmarch5552
@chuckmarch5552 2 месяца назад
A few years ago a Japanese investor owned 900 homes in Sacramento, County, CA, When he decided to dumped them on the market, it caused a big shortage of rentals in our area. They wanted everyone to be out in 30 days. Fortunately the law quickly changed to require 60 days notice. Also in the SF bay area during covid put a morritorium on evictions for up to 3 years causing many mom and pop landlords to lose their properties due to non payment of rents. Guess who bought them up a a reduced price. Institutional investors. Its not a conspiracy theory private home ownership is being phased out by global corporations like Blackrock and Vanguard.
@cydonia3167
@cydonia3167 2 месяца назад
All of this is really scary and has been brewing for many years. I'm shocked, but really not shocked that private equity is now buying up home services. I just had 5 sheets of drywall installed in my laundry room on 3 small walls, five sheets with supplies costs around $125.00 and it took four hours of labor. They charged me $1200.00??!! And that was the standard price in my area. Buying a home will be next to impossible for the average American and the upkeep on the home you were lucky enough to get into is going to force you out of it eventually.
@mikeh66
@mikeh66 2 месяца назад
Can you say, "Property Taxes",also...🙄😫
@joaquinvargas6351
@joaquinvargas6351 2 месяца назад
Bad enough that they don't pay taxes.
@jeffbianchi-classicalguita1456
@jeffbianchi-classicalguita1456 2 месяца назад
That's outrageous. At this point it's just greed.
@portagepete1
@portagepete1 2 месяца назад
If I have to hang 5 sheets of drywall guess who's doing it..ME You knew price and agreed.
@SuperMassman
@SuperMassman 2 месяца назад
WE ARE TO BLAME 100%.. this video is a good example, We complain, we post comments, but we refuse to work together and march. A few million people outside the Whitehouse solves a lot of issues. Millions of people calling there political leaders gets there attention,,, but we just sit at home, waiting for someone else to do all the heavy lifting. Then wonder when nothing changes
@edennis8578
@edennis8578 2 месяца назад
Oh, sure. That doesn't work if you're not protesting for some stupid woke cause. Remember the Tea Party marches? Half a million people marched on Washington, but the media reported only 30,000. They reported it like it was just a blip on the radar screen.
@JP_Vlogz19
@JP_Vlogz19 2 месяца назад
You nailed it! But now if we protest we are jailed if it’s for doing the right thing.
@AmoebaInk
@AmoebaInk 2 месяца назад
Marching does nothing except draw attention to issues. Call your law maker, get involved in boring town counsel and local ordinance meetings. That's how you really make change happen.
@henli-rw5dw
@henli-rw5dw 2 месяца назад
Marching doesn't do anything.
@sunnyrandazzo8454
@sunnyrandazzo8454 2 месяца назад
@@AmoebaInk My city council? LOL! They do not GAS
@Justoutdoors360
@Justoutdoors360 2 месяца назад
Corporate greed is going to destroy this country
@samuelfrancis1541
@samuelfrancis1541 Месяц назад
Too late!
@archie_bunker
@archie_bunker Месяц назад
60yrs to late
@baxtar1963
@baxtar1963 2 месяца назад
They are also buying up every bit of vacant land in Florida and building tracks of homes and apartments for rent. They are not for sale.
@saltytbone
@saltytbone 2 месяца назад
I can't believe someone is still unironically writing "avocado-toast-eating Millennials."
@ryanyoder7573
@ryanyoder7573 2 месяца назад
Do people really eat that?
@chrisrutkowski4247
@chrisrutkowski4247 2 месяца назад
It's purpose is generational division.
@unnamed2737
@unnamed2737 2 месяца назад
I’m genX and love avocados. I would eat it on toast if I wasn’t celiac. I don’t get why this is supposed to be an insult.
@almightyminataur4000
@almightyminataur4000 2 месяца назад
@@ryanyoder7573 my friend likes it
@Heather-ho5vh
@Heather-ho5vh 2 месяца назад
@@ryanyoder7573 yes, and it is delicious. But only when I make it at home, because it’s $14+ at a restaurant.
@billysmith6284
@billysmith6284 2 месяца назад
“Stolen by corporations” I think it’s much worse than that.
@MichaelBrown-ho5wc
@MichaelBrown-ho5wc 2 месяца назад
This MUST stop !!! What is it going to take to stop the purchase of housing by corporations?
@chupacabra304
@chupacabra304 Месяц назад
Might get my comment removed but its the second important natural right listed in the bill of rights
@chupacabra304
@chupacabra304 Месяц назад
Look at the second Natural right listed in the bill of rights Hopefully comment doesn’t get removed lol
@chazseabrooks6473
@chazseabrooks6473 Месяц назад
TURNS MY STOMACH. I knew something like this was going on! My area's cost of living was completely DESTROYED because of this!
@xInfisphere
@xInfisphere 2 месяца назад
Reminds me of the Thomas Jefferson quotes, “I believe that banking institutions are more dangerous to our liberties than standing armies” & “The end of democracy and the defeat of the American Revolution will occur when government falls into the hands of lending institutions and moneyed incorporations”
@justinmiller1118
@justinmiller1118 2 месяца назад
I think we need to have property tax rates be significantly lower for your primary residence than for companies that own dozens, hundreds, or even thousands of homes.
@jessicaolson490
@jessicaolson490 2 месяца назад
That's true it would maybe curb them, that or it will make rents higher. :S
@screaminseaman6121
@screaminseaman6121 2 месяца назад
@@jessicaolson490 Tack on a vacancy tax too so they're forced to sell if no one wants to pay their absorbent prices.
@MrWphilips
@MrWphilips 2 месяца назад
Also non-citizens should be completely prohibited from buying any residential or agricultural property! They are more than welcome to buy elsewhere! Other countries have excluded noncitizens from purchasing property- one example is Mexico, their government has the legal authority to confiscate any property not owned by citizens! Also all corporate investors should be treated the same way!
@johnbrooks5485
@johnbrooks5485 2 месяца назад
It is is most states. Its called primary residency exemption. Its about half the tax bill in Michigan.
@patrickday4206
@patrickday4206 2 месяца назад
Yeah the more property the higher rates to offset everyone elses
@AmoebaInk
@AmoebaInk 2 месяца назад
Corporate investors flipping unlivable homes is one thing, but turning private homes into rentals which concentrates landownership is alarming. Owning a home is a main way for most individuals to build wealth. We need to put restrictions on corporate ownership and rentals in neighborhoods. We also need to penalize them sitting on multiple empty properties and creating artificial scarcity.
@robertaguilar4162
@robertaguilar4162 2 месяца назад
We’re entering a new era, the era of the haves and the have nots. We are such a country divided that when the general public finally look up they are going to be shocked at the rug pull. I think we got 10-20 years to figure out how to grab ahold of our own American dream.
@marlyrayray1338
@marlyrayray1338 2 месяца назад
This is something that our politicians should be concerned about, not TikTok. Also why do we let foreign companies buy up land/homes here, but we cant purchase over there
@imnitguy
@imnitguy 2 месяца назад
If you aren't concerned about Tik Tok you either aren't paying attention or you're a child. I don't think we should let China buy our properties. But apparently your president doesn't even care who he lets into this country, so priorities? IDK. Vote better in 2024?
@waitaminute2015
@waitaminute2015 2 месяца назад
Americans can purchase property in most countries. Tic Tok is only one problem and media chooses to cover it because it's popular. Do you think you'd watch a very long boring hearing on finance and housing? Do you tune into cspan first? Tic Tok and immigration gets the views and likes.
@invalidaccount2315
@invalidaccount2315 2 месяца назад
@@waitaminute2015 no americans can not own property in ANY country other than the us, tell me youve never left the us without saying so. no couuntry other than the us allows foriegenrs to hold title.
@Bewefau
@Bewefau 2 месяца назад
It's simple Kristina, what's the best way for company's to make the most money? Make everything a subscription and you own nothing. The big problem is lots of people are for it too. They don't mind because they have the money. And when I say everything I mean everything. Your car, house everything. There doing it right now. Look what there doing to some new car's ? If you want to use some things in the car you have to a yearly subscription to use it, like heated seats in the car. If you don't ? They turn it off. Even IF you own the car they don't care. Pay your subscription.
@saturationstation1446
@saturationstation1446 2 месяца назад
thats not how you MAKE money. thats how you extort it out of those who are capable of making it. to make money there is only one true method - taking raw materials and turning them into something more practically useful that benefits society. everything else is just stealing, extortion or enslavement. europeans dont seem to understand anything besides enslavement for some reason. probably because their entire culture was born from centuries of people enslaving large portions of the human species instead of actually producing their own stuff.
@kennixox262
@kennixox262 2 месяца назад
The heated seats subscription was from BMW and not in the American car market.
@troywhite6039
@troywhite6039 2 месяца назад
Doesn't matter where or when, it's being tried and eventually the younger foolish generation will want it for "convenience" no matter the costs. Just like the $7 cup of coffee, because it's cool.
@kennixox262
@kennixox262 2 месяца назад
I never understood the expensive coffee (liquid candy). Easier to make it at home. @@troywhite6039
@TONYRIGDEN
@TONYRIGDEN 2 месяца назад
Otherwise known as a rentier economy or in other words feudalism
@MrGavinBoyd
@MrGavinBoyd 2 месяца назад
When I sold my flat I sold it to the second highest bidder. The highest bidder was a landlord who would have added it to his property portfolio. Landlords and institutional investors don’t create wealth they extract wealth. Down with rentierism!
@rubberbiscuit99
@rubberbiscuit99 2 месяца назад
Thank you for your videos. There is an affordability crisis, and it arises from greed and narcissism. We have a political system in ruins because we have allowed it to be corrupted and to fail at its most basic purpose, to serve its citizens. Corporations are not citizens, but their needs are not only given primacy, they are allowed to eclipse the needs of citizens, who are now used as fuel for the corporations. It's heartbreaking.
@shanerogers9386
@shanerogers9386 2 месяца назад
Where does the leadership of every corporation that hoards homes live ? Where do their kids go to school? Are all the homes they bought fireproof?
@Acopolobillionaireceo
@Acopolobillionaireceo Месяц назад
They go to public corrections. Where they tell your kids what to learns and what not to do. They go to the same place they send prisoners. It’s called indoctrination.
@tylrjsph
@tylrjsph 2 месяца назад
The world economic forum said by 2030 you would own nothing and be happy. Representative government is flawed
@edennis8578
@edennis8578 2 месяца назад
Because they're bought out as soon as they take office, if not before.
@sterlingoldemeyer1203
@sterlingoldemeyer1203 2 месяца назад
I just had this exact conversation with my realtor friend just a few days ago. Indeed it was me that said that the only person whonbenefits from the change are the corporations buying up housing. The conversation came up because we were discussing how expensive everything is now. Monopolies and oligopolies own everything now. They try to blame inflation on the workers but pay has never kept up with cost of living. It is greed and price fixing that has done this to us. Additionally, I am in HVAC and run my own company. I have seen the decline of mom and pop HVAC companies. I am dogged in my assertion that I will never sell my company to a corporation.
@gavnonadoroge3092
@gavnonadoroge3092 2 месяца назад
@sterlingoldemeyer1203 why would a corporation be interested in buying your hvac company?
@user-py7hg1eb5m
@user-py7hg1eb5m Месяц назад
@@gavnonadoroge3092😅
@nogames8982
@nogames8982 2 месяца назад
A couple years ago I was getting two or three postcards in the mail a week offering to buy my house for cash. It's dropped off a lot now, but I still get one every two or three months. I make sure I called the number and tell them to F off.
@markgibson7123
@markgibson7123 2 месяца назад
Private equity moving into the trades is already happening where I'm at. A few years ago my GF had a leaky outside spigot replaced for $75. Just recently, she was quoted $475 to replace another on the back of the house. It was the same guy, he just sold his business to a national franchise, who jacked up prices like crazy and requires him to buy overpriced supplies from a corporate warehouse (contract prohibits local sourcing of materials). Just like the financialization of housing and education, the trades and services are on the block next.
@pattybonsera
@pattybonsera 2 месяца назад
That's disgusting.
@edennis8578
@edennis8578 2 месяца назад
All that does is open up the market to new entrepreneurs. If someone is willing to fix it for $100, who's going to pay someone else almost $500 for a worse product?
@inthesun3884
@inthesun3884 2 месяца назад
@@edennis8578 We can hope for the free market to win but it's possible these private equity firms will start buying the parts manufacturers or somehow seek to control them somehow.
@charletonzimmerman4205
@charletonzimmerman4205 2 месяца назад
My Father told me in 1996, don't worry, things have a way of working out. 28 years later, I wish I could tell him, he was correct. RIP Dad.
@briankier2189
@briankier2189 2 месяца назад
I am curious how is this going to work out? It is going to work out for the institutions… I don’t see how we can get Wall Street out of the home buying market without literally burning all those house to the ground or a violent takeover of the government.
@karlburmeister1552
@karlburmeister1552 2 месяца назад
Your private equity stocks must be doing well.
@briankier2189
@briankier2189 2 месяца назад
@@karlburmeister1552 I don’t have any stocks.
@milt0n290
@milt0n290 2 месяца назад
@@briankier2189he wasn’t talking to you lol
@edwardsanchez3708
@edwardsanchez3708 2 месяца назад
I bet the corporations have access to tax payer dollars somehow and pay zero property tax and somehow don't lose any money if the place isn't rented immediately and if they fail they get a bail out
@JColtF
@JColtF 2 месяца назад
Write your Federal, State, Parish/County, and Local Governments and ask them to: 1) Quadruple Property Taxes on all properties owned by non-residents every four years 2) Eliminate all write offs for vacant properties (they can't write off unrented properties as a loss) 3) Eliminate all writeoffs for landlords that aren't directly maintenance related 4) Revamp Section 8 so that it purchases the home for the tenants, currently we're paying +$125k rent over the course of 15 years for a house that should sell for $40k. Section 8 is welfare for rich people, time to pull the plug.
@commonsense6968
@commonsense6968 2 месяца назад
No one should be allowed to own more than two single family homes in America.
@JColtF
@JColtF 2 месяца назад
@commonsense6968 I disagree and agree at the same time, I'd say it depends on the circumstances
@scifirealism5943
@scifirealism5943 Месяц назад
Amazing.
@chupacabra304
@chupacabra304 Месяц назад
@@commonsense6968maybe 3, some families have multiple children and are well off, but definitely need to get these giant private equity firms out of here and break up grocery , farm, education and healthcare monopolies too
@cameronweston1762
@cameronweston1762 2 месяца назад
The small mom and pop investors are also to blame because they don’t do their research on the local market. They don’t look at why the prices went up, rather they think “oh goodie Dolores, prices are up 60%! That’s more money for us! We can now retire sooner!!
@lenoywoolridge220
@lenoywoolridge220 2 месяца назад
So Kristina I was born and raised in KC and these companies are buying homes in the poorest county which is Jackson and then the gentrification and predatory renting starts. My daughter lives in one of the homes owned by one of these companies and her husband is a Police Officer and she works for the city of Kansas City and they cannot afford to purchase a home even in their own neighborhood. The city is growing and real hot and they dictate everything and won’t fix anything!!!!
@KristinaSmallhorn
@KristinaSmallhorn 2 месяца назад
They are doing it in Atlanta too. I’m just going to keep showing people what’s going on so they will take it to their local governments. That’s the only way to stop this.
@01Lenda
@01Lenda 2 месяца назад
Doing it in the DFW outlier areas, also, to include Dallas and Fort Worth. Since 2020 been doing it.
@koolkitties8552
@koolkitties8552 2 месяца назад
@@KristinaSmallhorn And what are the local governments going to do about it Nothing
@troywhite6039
@troywhite6039 2 месяца назад
Especially when board members own rentals or private equity firms themselves.
@Jen1112111
@Jen1112111 Месяц назад
Well your theyre exhasberating the problem by renting from them
@lindaanderson3698
@lindaanderson3698 2 месяца назад
They are building entire subdivisions that are for rent only...not home sales.
@bajojohn
@bajojohn 2 месяца назад
I live in an area where the average house is about $750k and the average restaurant bill for one person is close to $30. I can’t afford avocado toast and that’s the cheapest thing in the menu. We need a French Revolution.
@viagranomicon
@viagranomicon 2 месяца назад
We used to wonder, debate, and even argue on whether or not corruption had made its way into our highest offices. Now, all we can do is disagree on which candidate will do the least harm. So I'll ask, who's going to stop them. The American dream is dead. We're performing CPR while rigomortis is setting in.
@catherinedalava3259
@catherinedalava3259 Месяц назад
This is comment is 100% spot on… This political division that we are being roped into is just a diversion. Regardless of who gets elected, no one wins except the elected officials and their corporate buddies that funded them. We have to wake up in this country.
@131313griffin
@131313griffin 2 месяца назад
We put up a few properties we bought over the last 40 years in 2022 ( actually one end of 21,two 22) there were multiple offers ;most were numbered or limited companies names.The few people looking for a home didn't stand a chance as the companies offers were way over asking one by more than 75% all in cash of course.We decided to sell to family at 50% of going prices to help them and keep tax es from going up too much. We did sell one to investors as the offer was way too big to turn down.I talked to the agent who represented the invertors as I knew him from school and he told me they were buying up anything they could get there hands on.
@zmarko
@zmarko 2 месяца назад
We're all f**ked. And people wonder how we got here. 🤣 🤣
@shanerogers9386
@shanerogers9386 2 месяца назад
Start making your own justice. Know who they are and where they live.
@thmswalters
@thmswalters 2 месяца назад
@@shanerogers9386Town and Country Missouri is an interesting place. I pay attention. That is all.
@SlickSimulacrum
@SlickSimulacrum 2 месяца назад
Many know exactly how we got here. There were vocal minorities who knew every step of the way. And said so. The most intelligent people have been screaming about it for many decades.
@troywhite6039
@troywhite6039 2 месяца назад
With shell corporations and privacy laws good luck finding out. You will have to pay a private eye big bucks to find that info out if at all.
@archie_bunker
@archie_bunker Месяц назад
biding wars and greed caused this destruction. now realtors want us to feel sorry or them. trust me i know many of them lol
@user-ck6rz7mz4r
@user-ck6rz7mz4r 2 месяца назад
The takeaway is not to sell your single family houses. Keep as investment.
@KristinaSmallhorn
@KristinaSmallhorn 2 месяца назад
But for some they can no longer afford the rising cost of maintenance and homeowners insurance because private equity has high jacked those sectors as well.
@jonlj77
@jonlj77 2 месяца назад
Don’t forget about the insane rise in property taxes as well.
@macadoo2530
@macadoo2530 2 месяца назад
Imagine your family keeping as house IN the family! Thx boomers.
@invalidaccount2315
@invalidaccount2315 2 месяца назад
sometimes the citys are so corrupt that they steal your house just to get paid like happened to me, my dad died and my sister forced it into probate by getting a stte employee to lie about the homes value, stating over 100k which is the requirement in my state for probate, attempted to force me to buy it out from my syster for 100k, even though i was half the heir, i offered 75k, and the executor sold it for 70k, she got her cut tho, and a level 3 so got his free $$ and fled from the feds, still runnin 4 yrs later.
@23rdpsalm_._
@23rdpsalm_._ 2 месяца назад
I live in the Lawrenceville/Dacula area in Georgia ( North of Atlanta). In some neighborhoods, Invitation Homes and Progressive Residental between the 2 of them, own half or more of the entire neighborhoods. These are starter homes up to 4 to 5 bedroom family homes. Rent averages $1800 to $2400. This is rural and suburb areas. Not even in the city.
@koolkitties8552
@koolkitties8552 2 месяца назад
I heard that there's houses in grayson that are rent you for over three thousand a month and they can't Rent them out. I have a friend who lives there
@23rdpsalm_._
@23rdpsalm_._ 2 месяца назад
@@koolkitties8552 Yep
@SonnyMaddison
@SonnyMaddison 2 месяца назад
The way my jaw dropped when at 17:24 they say to blame it on me and my avocado toast?! I say naye naye, I was going into debt with student loans, developing anxiety and a slight ED😂
@jeffreymassey5541
@jeffreymassey5541 2 месяца назад
That is the last straw when private equity starts buy trades men business the jig is up. It appears the whole country will be gentrified.
@cb5516
@cb5516 2 месяца назад
Yep. But you actually have the info to benefit from it and profit from it. That's an advantage to us as we see it coming.
@kathyslage7059
@kathyslage7059 2 месяца назад
​@@cb5516 No, us little guys are shut out of this.
@growlinbear
@growlinbear 2 месяца назад
Private equity has some of the biggest lobbyists in DC
@catitude4
@catitude4 2 месяца назад
Has anyone seen that commercial on tv that says after the kids are gone, people think of making their rooms a pottery room but not many do the seen in ghost. Sell your home, downsize. I imagine this is one of those corporations. In the mail not long ago we got a flyer about selling our house. No way am I selling my house. We own the house and don't want to be in a rent situation.
@koolkitties8552
@koolkitties8552 2 месяца назад
I get those every two weeks
@user-py7hg1eb5m
@user-py7hg1eb5m Месяц назад
Don’t sell it coz they will only offer portion amount. I called back who offered us on mail and tricked him so he was able to tell how much he was willing to to pay, it’s not even half of what’s value of my home. 😅
@cathynevius2164
@cathynevius2164 2 месяца назад
If you combine this problem with the projection that the boomer generation has a lot of renters who are expected to retire without the ability to afford rent, we are headed for a nationwide disaster. The number of homeless people is going to skyrocket.
@billbradley5296
@billbradley5296 2 месяца назад
That's there plan
@reginag1
@reginag1 2 месяца назад
This is so depressing
@TedK4307
@TedK4307 2 месяца назад
My Charlotte, NC is turning run down fast. 41 corp rentals in my 148-home development. We have no HOA, and now wish we did. Lots of over grown bushes or dead once beautiful trees.
@m.woodsrobinson9244
@m.woodsrobinson9244 2 месяца назад
It's happening in Huntsville, Alabama, too. Subdivisions that were just built 7 or 8 years ago are already being picked apart. Just as you said, you can definitely tell the ones being rented out.
@cydonia3167
@cydonia3167 2 месяца назад
I lost my first home, new construction after the 08 crash. An investor snatched it up and now most of that neighborhood is rentals. The whole area looks very run down now and even with an HOA, good luck trying to track down the entity that actually owns the property. This has been going on quietly for over a decade.
@realestatebykemi
@realestatebykemi 2 месяца назад
So Sad. I lived there in 2001. That is horrible. Atlanta has many of the same too.
@brianbeecher3084
@brianbeecher3084 2 месяца назад
But HOAs are often very dictatorial as well. Often residents actually have less freedom than many do renting.
@susanwerner9961
@susanwerner9961 2 месяца назад
​@brianbeecher3084 But HOAs are formed and run by homeowners and they do set a certain standard that most agree on to maintain property values and living conditions.
@alansterling3481
@alansterling3481 2 месяца назад
Market churn will solve the problem. After several years of zero maintenance on a rental property owned by a corporate entity, that property will be unrent-able. The corporate entity will sell it to acquire a 'fresh' property and begin again. So, in about 10 to 15 years the market will be flooded with fixer-uppers. My only hope will be that the buying generation at that time will have some DIY skills.
@josephjohnson3127
@josephjohnson3127 2 месяца назад
I blame the corrupt government for allowing this 😡😡😡
@Needglory23
@Needglory23 2 месяца назад
Around 50% of the homes in my neighborhood that sold last year were bought by corporations.
@realestatebykemi
@realestatebykemi 2 месяца назад
It’s even worse in the Atlanta market. It started after Georgia had the highest # of bank failures during the 98 housing crash.
@cherryblossoms942
@cherryblossoms942 2 месяца назад
Atlanta has a lot of fraud too. That place is something else…
@manningviralmedia
@manningviralmedia 2 месяца назад
This is a big problem especially here in the mid-west where I live. They use all sorts of under handed tactics to snatch up people's homes. Homes with no mortgages are being foreclosed on because of drastic increase in taxes because their home value has been artificially inflated. This has to stop.
@nawfking8475
@nawfking8475 2 месяца назад
In my area most all rental homes are owned by corporations, my rent went up from $2400 to $2600 in one year😢, they buy up everything so we have no other options, hard to save up to purchase a house with these crazy rent prices, i think they want us to transition to renters forever.
@latterrain09
@latterrain09 2 месяца назад
Yes I read years ago, 30 years I think that that was the plan. People don't have a chance.
@lenanicole2837
@lenanicole2837 Месяц назад
'You will own nothing and be happy.' yes, this is the point and the plan from the beginning.
@christinecortese9973
@christinecortese9973 2 месяца назад
I would urge those who can to buy a small parcel of land somewhere now. It can be out of the way. This can be where you build a cabin or put a small mobile home for your “retirement” when it comes, or a place to retreat if everything goes sideways. Often bare land is (relatively) inexpensive. If things continue to worsen you might be very glad you did this when you could. I’d say the tract home dream is imperiled but the off grid homesteader dream is still viable.
@sarahcobetto5613
@sarahcobetto5613 2 месяца назад
There are many considerations,is there water available,can you generate electricity, how far away for essential services.if you want to grow food will the soil need amended,if neighbors are relatively close what will you be dealing with. I have done this and it is not as simple as it seems,all the same i see your point.
@user-py7hg1eb5m
@user-py7hg1eb5m Месяц назад
@@sarahcobetto5613find somewhere near creek. You can dig and put water pump electric and manual
@sew2prosper
@sew2prosper 2 месяца назад
I honestly believe that % is higher than being reported. This is based off the homes being built in my area and those being bought, renovated then rented out.
@galactic904
@galactic904 2 месяца назад
We’ve been hijacked from so many Corporations from all fronts. It’s a crisis, maybe not for the financially well off, but for so many that aren’t supported by huge savings or well off parents.
@corrosivedevourer
@corrosivedevourer 2 месяца назад
Corporations are ruining this country, while they have us fighting over culture wars
@slp05006
@slp05006 2 месяца назад
I am living this right now. A big corporation bought my apartment complex and is trying to kick us all out so they can jack the rents up $1000 over what they were before. There’s no where to go. I have 3 cats. Houses are too expensive and they’ve all got 20+ offers in before they even hit the market. Everything is stacked against me.
@happyfunjenn
@happyfunjenn 2 месяца назад
Love your reporting Kristina.
@jonniesantos
@jonniesantos 2 месяца назад
San Diego is not doable (home ownership) on a factory type job unless you bought 20 years ago. Also, I looked at replacing an existing mini-split we paid $5K for 12 years ago. Even though I could find the equipment online, retail, and delivered for $2K, my local HVAC company wanted $12K to do the same job (and they would purchase the hardware). We’re getting calls and letters wanting to buy our house; don’t know if it’s corporate or local realtors. All of this is depressing…
@SAAN27
@SAAN27 2 месяца назад
All the townhomes in my neighborhood in Metro ATL were $135k brand new in 2003, were as little as $42-60k between 2008-2012, have been going for $136-160k up intol 2020 and are all now going for $250-260k SMH Thanks investment companies, for my newer higher property tax bill.
@inthesun3884
@inthesun3884 2 месяца назад
That's another way they plan to drive out homeowners, drive up the taxes until they can't afford their homes in retirement.
@SAAN27
@SAAN27 2 месяца назад
@@inthesun3884 I feel for old people who made 30 years of payments on what were once a nice neighborhoods, that turned into actual hoods, now they have a paid off house and stuck in a crime ridden area
@jr9655
@jr9655 2 месяца назад
I got wind of this myself.when I was wholesaling real-estate. The private firms would pay 115-120% of the home's value. As a wholesaler. That is the difference between making 10-15k to 30-60k on a deal. The up front money is nice. But eventually your business will go extinct. Once these large firms take hold of a property, you will never see it again. I decided to stick with working with the smaller local investors. Unfortunately, many other wholesalers had no issue with taking their money and running
@lauraleayoung6402
@lauraleayoung6402 2 месяца назад
And realtors are working for those big corporate buyers making phones calls, making referrals and getting a referral fee. It is realtors who are NOT helping individuals when they find low interest rate assumable loans not even for Veterans...nope they are scoping up the homes, referring them to the families and friends club!
@laco9827
@laco9827 2 месяца назад
Absolutely! I am retired and trying to buy my first home in Maryland, the state I was born and raised in. I have first-hand experience of competing against an investor for a house. I'm just an average person, not a millionaire. The housing prices have skyrocketed in just six months! You have to rush to place a bid on a house and then expect to offer more, even for houses that are fixer-upper "money pits". Houses that sold for $200,000-something last fall are selling for $400,000-something, and up, now. What is an average person like me supposed to do? Leave the state and move south? Continue to pay 1,650 in rent, plus utilities? Last fall, some friends said to wait out the situation and things would eventually get better. I don't see that happening. I feel sad that my dream of owning my own home may be just that. A dream.
@annjames1837
@annjames1837 2 месяца назад
Move south won't help you. Homes in my area have tripled. NC, FL, SC, TN, GA are unaffordable now. Maybe try Mississippi or Alabama
@laco9827
@laco9827 2 месяца назад
Yikes!
@EmilyGloeggler7984
@EmilyGloeggler7984 2 месяца назад
@@annjames1837The prices have skyrocketed in Mississippi and Alabama, too. They are sky rocketing in every state.
@imnitguy
@imnitguy 2 месяца назад
If you had not waited for so long, jeez. I'm 52 with 4 properties. Why didn't you buy something forever ago and in that you didn't how is it everyone else's fault again?
@bluecube7247
@bluecube7247 2 месяца назад
Itguy is boosting his ego, saying bullshyt. I bought my first home I my 50's TO RETIRE IN. It was a hard search, but I finally found one affordable home for myself.
@Nolsie
@Nolsie Месяц назад
I think this is a bigger problem with fiat currency, the federal reserve, and the government.
@robertstrawser1426
@robertstrawser1426 Месяц назад
Honestly, there needs to be a law that limits how long you are allowed to own a single-family home that is not your primary or secondary residence. After 5 years, it needs to go back to being a primary or secondary residence and not a rental property.
@diazpty
@diazpty 2 месяца назад
Totally true! I saw this coming for a few years. Once the investors debug their "house maintenance programs" they will implement laws with government to "help tenants". These laws will eliminate once and for all small investors due to added cost.
@charruz
@charruz 2 месяца назад
At what point; are laws going to be enacted, to stop this?!
@Elisa0189
@Elisa0189 2 месяца назад
Never
@imnitguy
@imnitguy 2 месяца назад
Personal accountability much honeybuns? Go check out "capitalism" or "free markets" and promptly return with your findings. Nice eyes. Btw.
@waitaminute2015
@waitaminute2015 2 месяца назад
The only thing media is making money on is immigration, tic Tok and war. All this confusing financial jargon doesn't get the views.
@archie_bunker
@archie_bunker Месяц назад
Government was never supposed to be involved in realestate.
@michaelshock6381
@michaelshock6381 Месяц назад
It takes we the people. To stop. Otherwise. Watch them rob you blind
@Lisa25219
@Lisa25219 2 месяца назад
I have been worried about this for some time. If I sell my house I will make sure it does not go to investors!
@Shaylok
@Shaylok Месяц назад
And then corporations lose profit when no one can afford their products and services. This is a lose/lose situation.
@lotterynj
@lotterynj 2 месяца назад
Here in Az the truth is out and not they are being sued. There is way more to be done. Renters should given a large settlement. Laws need to be pass to balance this out for both sides
@usocrazy6133
@usocrazy6133 2 месяца назад
How? They own the politicians.
@josephanelson3742
@josephanelson3742 2 месяца назад
The American dream is gone for good! I Feel sorry for the young generation they will never . be able to buy a house why will our local mayors not step in and say no more big investors so that our younger generation will not become slaves to big investors and slum lords.
@pattybonsera
@pattybonsera 2 месяца назад
My daughter is GenZ, in her early 20s and yes... she and many of her peers are already thinking they'll never be able to afford a home. I'm trying to keep her encouraged.
@user-py7hg1eb5m
@user-py7hg1eb5m Месяц назад
Buy land and build moderate size not big. Big home equal big taxes.
@LauraVee63
@LauraVee63 Месяц назад
I agree with you.......I think the federal government should put a stop to this. Tell us, Kristina, what needs to be done....what can we do as Americans? Contact our politicians? Let us know.
@powerbuoy
@powerbuoy Месяц назад
This should not be allowed, you're spot on.
@AaronHope_Sow
@AaronHope_Sow 2 месяца назад
Sell to people not companies!
@archie_bunker
@archie_bunker Месяц назад
and don't use a realtor
@Eagleheart73
@Eagleheart73 2 месяца назад
Thank you so much for doing this video! And as a millennial... For calling out the tongue and cheek comments of the last article. I can't believe someone would actually publish that...
@KristinaSmallhorn
@KristinaSmallhorn 2 месяца назад
I hate when people say that because it makes a mockery of the financial situation we created and aloud to happen.
@nickfedor210
@nickfedor210 2 месяца назад
People who own their homes outright will someday be taxed out of them. This is how the government works with the corporations.
@user-ln3bd9gz5v
@user-ln3bd9gz5v Месяц назад
Corporations are not only crushing citizens with home financing and prices, but now with home maintenance! What is next? Buying town governments?
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