Corporate home buying worsens housing market

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Companies are buying up rental properties faster than they can be listed for sale, squeezing renters and buyers totally out of the market.
Kristen and Anthony Lilla say they thought renting a residence from a big company would give them an advantage in Tampa’s hyper-competitive housing market.
Instead, the military family says the eight months they spent living in a Progress Residential-owned home was "a nightmare of an experience."
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Опубликовано:

9 июн 2024

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Комментарии : 69

@sinforoso2000 2 года назад

The bigger problem is not that the issue exists, it's that there is nothing being done about it.

@floridajames04 2 года назад

Time for Creepy Joe to but in lol

@billytheweasel 2 года назад

Not many politicians will disobey the corporations, all of one party and most of the other. Not much hope of change.

@ashackerford 2 года назад

I agree, city and state politicians are sitting on there asses.

@boondoggle4820 2 года назад

People need to contact their representatives at all levels of government and demand that something be done about it. Otherwise, say goodbye to homeownership.

@talkingcrypto5944 2 года назад

Technically there’s nothing illegal about it. Definitely unethical and slimy. According to the charts in this report the housing market in ten years will be ridiculously unaffordable for anyone. If this trend continues.

@paulbrungardt9823 2 года назад

I have 16 unit apartment unit in Tampa. I have a fixed mortgage. I refuse to raise rents beyond the increase in my costs for taxes, insurance and repairs. To other land lords: good tenants are an asset. Be kind and it will be a win/win situation. I need stable tenants and tenants need a stable place to live. What goes around, will come around.

@themadatheist1976 2 года назад

Only home owners should own homes and be able to rent them, not corporations.

@naturelover2292 2 года назад

We also allow foreigners, Canadians and others purchase homes here and other properties here. Ask yourself can you go to any of these places and purchase a home. Something need to be done.

@alksjda 2 года назад

nope. its a free country, do whatever we want LOL

@xxxxMonkeyGirlxxxx 2 года назад

@@alksjda it’s all fun and games until your city becomes overrun with homeless people when they can no longer afford a home.

@Blaze6432 2 года назад

@Symplelyfe09 Most countries allow foreigners to purchase homes, but they levy taxes on them. That's the issue with the US. If you aren't a permanent resident or citizen of the US you shouldn't be allowed to buy residential properties without some hefty taxes.

@amandataebby 2 года назад

Forget big cities and their suburbs... I can't even get a house in small town Pennsylvania because there's absolutely no chance at competing with all-cash offers that are way above asking price, and sell in a matter of 48 hours. My family won't blow all our savings and take a risk on a house that we haven't even seen in person yet, but that's the market no matter where you live. We thought this smaller place in PA was always safe, sadly there has been a lot of poverty there but we are lower income too, but I am witnessing it all being bought out every single day. There's nothing there but nature...but that's a major selling point for wealthier buyers. So it's over -- it will no longer be affordable there. Time to look for another town that hasn't been touched yet.

@hyunpark8752 2 года назад

Alaska?

@Blaze6432 2 года назад

Until we start penalizing people for owning multiple residential properties that go empty or are unfairly priced, this will continue.

@armchaireconomist8648 2 года назад

The US is a free market economy. Property owners are free to do as they wish with or charge what the market will bear for THEIR property. If you don't like it, you are free to buy your own property.

@Blaze6432 2 года назад

@David Perri Yah and your gonna guarantee that I have the money to buy this property right along with every single American irrespective of income? Oh wait idiot on RU-vid comments think that property can be grown like corn. I guess if we live in a free market, we will be allowed to freely trade anything without any penalty include drugs ?

@armchaireconomist8648 2 года назад

@@Blaze6432 good, I am glad you have the means to participate in the free market real-estate market.

@Blaze6432 2 года назад

@David Perri Still not answering the question. How are you going to personally guarantee that every single Smerican can afford a property?

@armchaireconomist8648 2 года назад

@@Blaze6432 there are no guarantees in life. You have to find a way make a way.

@John-hw3ds 2 года назад

Yep they have purchasing power and are buying up everything. All the homes on my street in the past year and a half have been bought by investment companies and are now rentals. They just come in with cash and way outbid the average Joe

@maximumpayne575 2 года назад

"You will own nothing and be happy" American Oligarchy 2030

@tiffytropical7201 2 года назад

this plandemic and all the money printing was planned for exactly this purpose. The scary thing is this is happening everywhere in the world. It is exactly what the world economic forum wanted. Also isn't it strange Bill Gates predicted a pandemic years before this happened?? Something smells rotton. I think the World Economic Forum is behind this lab raised virus!!

@hyunpark8752 2 года назад

Hallelujah!

@billytheweasel 2 года назад

@@tiffytropical7201 Even I predicted a viral pandemic. It was no secret this would happen fast with air travel spreading it faster this time.

@caddyshack68 2 года назад

This should be illegal. Its not in the best interest of the country. I live in Atlanta and they are doing the same thing here.

@JTDyer21 2 года назад

Greed is destroying the American dream.

@traciburn6884 2 года назад

There should be a law outlawing Corp Monopolization for the housing market in Florida. Seriously. California just intro a bill stopping the same thing. It seems like some entity is always trying to take advantage of the housing market. In 2008 the housing market was used in way of mortgages and now this.

@ppvg Год назад

Yeah I’m sure Ron desantis will be thrilled to sign a bill into law that directly eats into his campaign donors profits, same goes for a lot of the representatives in the Florida state legislature who are in the desantis camp lol. Same thing applies to most other conservative states

@marykeys10 2 года назад

This is a monopoly on housing. No way to compete as new homebuyer.

@sixwheelcarlisle8491 Год назад

There needs to be a law against this kind of thing!

@channelpink4376 Год назад

I love how it's now backfiring hahaha

@moa3008 2 года назад

Is the cost of hurricane insurance part of the reason for the higher housing prices; and the rent rates?

@stormiehaworth 2 года назад

I can't find a home to live in because of this issue, I hope that someone will be able to do something to change this issue, so that the homeless influx will stop too.

@adventurebabyboomer7318 2 года назад

Only 25% of purchasers are institutional investors. And they only buy in about 10 cities! MOST regular buyers take on a mortgage. So take this video with a grain of salt. FL and AZ are a nightmare for the common citizen to live in. All tourists, transplants, and investors.

@Jayyy64 2 года назад

Just great , right? The American dream .

@hyunpark8752 2 года назад

Hell yeah I love it. Make some moneyyyyyyyy!!!

@YT_C9 2 года назад

Will there be any limit to the greediness? The housing prices and costs are going up and unaffordable. Already housing is eating up 65 - 70% of pay stubs, how can ppl spend on other things like healthy food and good education. Housing is a basic need for every citizen, the more property rates rises the more divided the society will become. Sad that government is not intervening and resolving this problem. Middle class is totally pucked, there will be only poor and rich if this continues for couple of yrs.

@shawncrabtree7000 2 года назад

There is no lala land in this planet. You should move to another universe to find your place then.

@elondmv976 2 года назад

Blockrock buying our real-state dream

@Fredflinstone23 2 года назад

Bec investor know that admin policy will cause devaluation of dollars

@bluesageful Год назад

"Our goal is to make EVERY U.S. citizen a renter" CEO of corporate real estate.

@skiboskeeskiblets Год назад

Buy everything in a market, control the rent prices, do the absolute minimum in property maintenance, shifting as much as they can to the renter, and squeeze every penny they can from whoever rents…and getting money from our federal government to do it….

@ashackerford 2 года назад

Progress homes, Tricon America, and Invitation homes need to be stopped by the city/state governments and the Sellers need to think about there communities.