Housing Market Saved Forcing Investors To Sell?

[@SachsRealty]

Should corporates investors be banned from investing in single family rental?

[@rossw6926]

....yes! especially " offshore investors "

[@coryray8804]

As the Bill sits now they must sell all their single family homes by a 10 year period . Also a minimum of 10 % of home rentals must be sold every year or they will be assessed a 50 % tax if they do not comply .

[@Stephanie-is3mh]

Yes! They can buy entire apartment complexes. Leave the single family market to us regular folks.

[@ericg1149]

Yes

[@fusion82]

Yes.

[@LJH662]

Oh my comment ! Cool! Thanks for using!!!👍

[@TeresaSchwab-zn4nl]

My husband and I really enjoy your show, we watch every day! We appreciate your vast knowledge and your honesty. Keep up the great work! You too Melissa!❤️ We are sitting on the side lines, well prepared and being patient

[@JudithBleiberg]

Great job

[@joea8650]

Great info...just subscribed 😊

[@mattanderson6672]

Interesting!

[@joshuad82]

These funds hold retirement money, rents pay retirement benefits! How will Congress Mitigate the obvious effect?

[@50bladesofgrey43]

People are saying don’t involve the government as if the government didn’t enact a foreclosure moratorium from March 2020 - December 2021 and like FHA isn’t a thing. They’re already in the markets

[@rnt45t1]

The last thing you want is the government involved in a market.

[@SachsRealty]

Doesn’t usually seem to work.

[@PAULROBERTS961]

Must have Government involved to make them comply .

[@jessicabixler1658]

Government involvement is sfh is the only reason the middle class could own...look at after ww2 and in the 70's shortage.

[@steven4315]

Never understood the depreciation allowance for SFHs Homes are an appreciating asset. Take away the depreciation deduction.

[@SachsRealty]

Give it to owner occupants.

[@Mike_Phoutrides1611]

No Todd, you’re the best, thanks for all your work.

[@robertgillies5997]

More generous homestead exemptions might help individual homeowners especially if the federal government would subsidize these exemptions.

[@nightswatcher]

Thank you for raising the alarm 🚨 in this. I tried do the same thing in 2020 but no one seemed to care. 100% corporations should be banned from buying residential properties. It kills the American dream. People come here to own their own home. Don’t let corporate greed stealing it away from people.

[@themarkandmelteam]

And since the government was the one that encouraged the Corp buying of homes last time, they should be the one to stop it so we can go back to natural consequences. I'm all for free market but when something is becoming a monopoly, then it's time to protect our society from greed and corruption.

[@stephenpavlov8942]

2008 was the BEST financial situation in my lifetime. 05-06 and the current time are the worst.

[@denpepp4342]

How did they stop large Companies doing this. A large mill would start in a small town and build houses. Then charge the workers to live there. Remember the song sold my life to the company store???

[@user-Witchery101]

I worked all the way through the pandemic for the Office of the Inspector General full time. I’m still with the government full time. I paid my bills on time in full as always. I’ve walked the line all this time and now I’m ready to buy a house and I can’t. 😢

[@UnamusedCitizn]

I work for a subsidiary of Pretium. They want to be the next Black Rock and be a corporate landlord. They build to rent and facilitate loans for similar corporations.

[@Clearinsound]

Its easy just change the Tax deduction available to these corporate buyers.

[@jasonmills8049]

The reason why buyer demand doesn’t jump with artificial low rates for new construction is because new construction homes are usually priced at the high end. If mortgage rates drop to 5.5% in the pre-existing home market, monthly payments would be more doable for the average buyer and demand would skyrocket, especially with all pent up demand built up over the last couple of years

[@jeffsurfanderson]

Like you said that 10000 per household would not work that's always a way for them to push the cost back down the line to the consumer that never works

[@jacobruffcorn]

Has anyone considered relation between supply and demand may not be linear? In other words a small increase in supply could result in a big decrease in price

[@PaulEnotbuyingit]

To hell with Blackrock and Vangard

[@beautywinsfails8867]

@SachsRealty - what’s better, (1) purchasing a home or (2) buying land and building a single-family home?

[@lyndayam4182]

Maybe there should be max number of houses corp can buy.

[@MM-ig2zq]

The solution is to list a home and the first say 10 days only people that are going to live that property are able to purchase it. After 10 days all is game. This will not affect the seller in any way or the price of the home.

[@SachsRealty]

HUD foreclosures protects owner occupants for 30 days.

[@bryanupton9872]

Covid stimulus also includes Employee Retention Credits and PPP loans. Also, we are flexing the military industrial complex now

[@rossw6926]

I have a bigger issue with Home flipping type investors....they buy mostly lower priced properties the kind first time buyers would buy. iam a huge believer in sweat equity ... turn key houses are great but not everyone wants that.

[@SachsRealty]

Many flippers just slap on lipstick.

[@rossw6926]

yes Home Depot style, cheapest finishes as possible. everything white & black these days. very obvious in this current market. I laugh but cringe inside. @@SachsRealty

[@jbmcdoogle]

Flippers and wholesalers should be required to be licensed. These are the guys who rip off people.

[@tonic.9530]

Change the incentives , dont ban. Simple. While government shouldnt say you cant do this , it can eliminate tax incentives that encourage corporations buying in SFH.

[@drewgully1647]

I support the ban. Right now we don’t have capitals but instead we have capitalism for the poor and middle class, but socialism for the rich. The big corporations are using our pensions and retirement money against us. It’s toppling society. Right now we have recorded homelessness, high inflation, and record debt. Housing is a lot of that inflation. It will affect this country in the long run. People will become debt slaves, the standard of living will go down, and this will even affect the American birth rates as people cannot afford to have kids. This will potentially destroy America as we know it. We are beyond capitalism. There are no bailouts in capitals. All the zombie companies prove capitalism is dead. Unchecked corporations will be the nail in the coffin for America. Right now the American Dream is becoming to leave.

[@SachsRealty]

Thanks for your comment 🙏

[@jessicabixler1658]

Yes! Many of these investors are just sitting on empty homes too.

[@tommorningstar6373]

The Act only affects a miniscule part of the problem. It is window dressing at best and is absolutely ineffectual. Congress is a Nebbisch.

[@paulmathias928]

Good day. Thank you for your explanation. I am a public school education for over twenty years. The cost of housing is so high in South Florida, I cannot buy a house. Unless the government intervenes, people like myself will have to leave. It is an unfair competition for big corporations to be in the game. We will not survive.

[@msingleton]

We should fix this by attaching the rules to zoning laws. Any parcel zoned as a single family home should not be allowed to be owned by a business entity. I’m in Utah, and Berkshire Hathaway almost owns entire neighborhoods around here. They bought them during The Great Recession. This should have never been allowed, and should be illegal. It’s un-American to have hedge funds own our neighborhoods.

[@YourRightSide]

Property tax should be low on your primary residence and also investors should not be allowed to buy single family homes. High Insurance , property tax and HOA is enough to kill housing dream let alone high property price and interest rate.

[@allenmoye1056]

Does any one else find it ironic that the individuals proposing these legal changes to supposedly help the common man afford a home are the same ones who allowed this catastrophe to occur by bailing out the large financial institutions during the GFC. If the free market was allowed to work and eradicate the bad apples from the system we would be in a much better place today instead of facing an even greater crisis. Obviously there would have been a great deal of loss during the time. However, it dwarfs the threats we are facing now. Their strategy is the equivalent of drinking to cure a hangover. Also, thank you @SachsRealty for the constant coverage and realistic perspective of our current market conditions.

[@milt0n290]

Absolutely not lol. Free market just would unleash them to snatch up everything and do whatever they want. They aren’t regulated enough. The only deregulation that would help is zoning but that only helps if they regulate more investors. The investors are the problem and deregulation just serves the market up to people with capital because they control what gets built. The government needs to build more homes outside the private industry. If the government actually ran that they’d be able to build and sell homes at leaner prices especially if they limit themselves to first time home buyers and gave cheap sub 3% rates, used eminent domain to take corporate lands to redistribute to first time homebuyers selling them 120-400k. The government would make the money back on the loans and taxes. Then they’d recover more on taxes when those homes are sold Edit: make them keep secondary sells after first time buyers at the rate of inflation. A home is not a get rich quick scheme. They can use the money as down payment for their next home outside the system if they want or stay inside the system. Those homes should not be subject to market rates in the positive direction

[@stephen89]

It doesn’t surprise me because we have heard of that expression that people who have created the problems are the ones trying to solve it..

[@jammahamma3058]

I’ve been looking for a house for the past three years and cash offers have won the house over my offer several times. So what I think would be fair would be for cash buyers to have to wait a period of 30 days before they put in an offer so if the house goes on the market April 30, they have to wait until May 30 before they can put an offer on, that would allow other buyers to put their offers in. It might also stop the crazy bidding wars have been happening.

[@JudithBleiberg]

Are taxpayers paying for all this stimulus . I think many people got free money and those of us that were responsible are being penalized

[@andyhughes1776]

Banning outright may be unconstitutional but taxing is not. Tax the heck out of ANY entity that do not reside in the houses they buy - corporations, foreign investors, flippers, landlords, Airbnb investors, little green men, etc. If they don't live in the property full time, they are taxed. Then use that taxe revenue to help local buyers offset the inflated price. That way, builders could STILL sell homes at high prices so they can hire more construction workers to build more homes. Furniture sellers, appliance manufacturers, flooring makers, etc could still make money which creates jobs. Hence, the economy still thrives. Its a free market so let them buy....but they must pay for the damage they cause. They pay via high taxes.

[@rutroe88]

Let's talk about agent's buying properties too.

[@rossw6926]

they have access to the best deals just like flippers.

[@JudithBleiberg]

I liked the money afforded to first time home buyers

[@difigfs]

Locals like the investor w/o homestead, more tax revenue. ( SWFL ) snow birds and STR and Investors

[@eddiethompson1463]

They should ban!!! Allow those they already own to be taxed. The taxing sounds legal.

[@nickc3856]

Mortgage rates dropping already. Sorry crashbros, you all should've bought pre-2020

[@jaydeeare285]

Its never too late.

[@50bladesofgrey43]

Do you FOMO pumps look at history, at all? Look what happened in 2006-2008. The Fed stopped raising rates in July 2006 and not even a month after that the markets already tried to price in rate cuts as soon as August 2006. Except rate cuts didn’t happen until August 2007 and in the June and July prior rates spiked back up. And then even after rate cuts began the market freaked out when the Fed paused rate cuts in June 2008 and mortgage rates spiked near 2006 levels again. The kicker is that even after rate cuts began the market was in free fall anyways because unemployment was ramping up because news flash sport, you don’t cut interest rates in a healthy economy. You cut rates in a recession to jumpstart the economy back up. You have no idea what you’re talking about so I’d suggest you save your gloating.

[@nickc3856]

@@50bladesofgrey43 COPE harder and remember that rent's due in 2 weeks. Pay up!

[@jaydeeare285]

@50bladesofgrey43 You know somebody doesn't know what they are talking about with the housing market when their frame of reference is continually 2008. But for context, there was 11.2 months of supply in 2008. There is only 4 now. Keep crying, Renter.

[@50bladesofgrey43]

⁠@@jaydeeare285I already responded to your goofball reply on another comment so let’s do it here as well to expose you as the quack you are. We have 7.8 months of new home supply on the market, a balanced market is considered to be 6 months of supply. The only thing holding this market from shifting into a buyers market is low existing supply but it’s trending up when it shouldn’t be this Q4. You can hold onto your low supply narrative all you want but it’s not stopping the trends and even more hilarious is how despite this low inventory home prices on a quarterly basis have not exceeded Q4’22, how odd. I love it when fake intellects like yourself try to set someone else straight when it’s clear as day you don’t even understand the data outside of scripted talking points about how this time is different. Your smoke and mirrors bs ain’t going to work here sport.

[@Kristen289]

Your info on Investors/rentals was stellar. Thanks for all the time and research you put into this.

[@mulone214]

I like the idea of taxing corporate owners of homes. But it would be better to let the corporate owners sell thier property with no capital gains on the property. You have to give an insentive to sell and tax them if they do not. This is a way to get more inventory on the market and get homes back in the hand of individuals. These institutional buyers saved the economy during the pandemic. But now we need to lower the price of housing including rentals. The only way to do this is to open up the market. Home ownership is proven the best way to grow the economy.

[@geno617]

It needs to stop.

[@SachsRealty]

How should they be banned?

[@williewill1237]

Pretty easy. Only home to be owned by 1 family. If your big corp you must sell or it will be taken from you. Homes are not meant for corporations. They are hiding behind capitalism

[@geno617]

@@SachsRealty I wish I had the answer

[@CrashBr0]

They are creating monopolies

[@JudithBleiberg]

I believe it’s reaching too far

[@josesandoval25]

We all know monopolies are never any good for the consumer. The government has legislated regulations on other monopolies(unless they’re doing it themselves) what’s different for housing? While I don’t think we need governnanny to control every aspect of our lives, I do believe housing is one of those areas where action is needed.

[@TravisPluss]

Other than building more supply (which is everyone’s answer to the problem), what do YOU think should be done to correct or prevent unaffordable housing?

[@cvrart]

Institutional / corporate buyers are acting on behalf of and in the financial interest of the wealthy who own stakes in these corporations, It really boils down to a tyranny of wealth, where those who hold the monopoly on the ownership of assets use their position as monopolies to prevent the un-wealthy from being able to compete for ownership of housing. In the realm of regulation of corporations, we have antitrust laws that aim to limit anti-competitive practices of corporate monopolies. We need a similar approach to the wealthy class, to prevent the wealthy from abusing their monopoly on wealth in order to effectively keep others from attaining wealth. There's really only two ways to restore fairness: either you introduce regulations to restrict this kind of behavior, or you have to essentially take the money away so that it can't be used in this way. The current situation is untenable.

[@thorstenroberts4726]

There's a third way: change the tax laws for investors on single family or 1-4 residential. For example, get rid of depreciation for residential homes. Investors get a tax advantage that homeowners don't get. Different tax treatment for certain groups is fairly common (such as single filers vs married filers)

[@angelavelazquez2166]

I’m fed up with the high cost of everything, especially housing! France sells more affordable properties than the United States!

[@colinscrypto3307]

Real estate and stock market double top.

[@bryanc1177]

Tenants need to pay rent late skip a month here and there and pay just enough to stay out of eviction. That would kick these bad actors out of the single fam mkt

[@ChrisGenXer]

Great video Todd! IMO, I think there should definitely be a cap on how much inventory institutional investors can purchase, and I also think they should be limited in the types of houses they can purchase. Essentially, I think people who plan to own and live in a home should be given the opportunity to purchase first (15-30 days on the market, and after a time period, then the house becomes eligible for institutional investors. I think we’ve seen a peek behind the curtain as to how unaffordable houses can become if institutional investors are allowed to buy until their hearts content.

[@LeviConquersAll]

The best way to halt investors from buying housing is to build enough housing for everyone. This would make homes a great place to live and a lousy investment.

[@mjb4688]

Yes, dropping interest rates will cause more inventory because more people will sell. Then, the investors swarm in......never ending.

[@SachsRealty]

I believe investors are waiting with cash ready

[@mjb4688]

@@SachsRealty That's not good. Us waiting on the sidelines will never own.

[@rossw6926]

Don't give up and don't give into the FOMO...we lived in a rental house for 10 years from 2000 till 2010...if the crash didn't happen we would still be in that same house renting. Just save and be patient @@mjb4688

[@Ww8.3]

Putting 1%- 3% down on a house isn’t a sustainable model. Those people should be on the sidelines.

[@EnFuego79]

Not sure how socialism (fiat currency, income & property taxes, centralized fractional reserve banking system) is capitalist... must be some new post-modernist interpretation of economics - wokenomics.

[@rogermenendez4052]

Keep the government out of it! HOA should step in on a single development basis to control the make up of their properties. The one trip to Washington of our money is not the answer! Also zoning laws are an option.

[@SachsRealty]

Appreciate your input.

[@lamar1423]

Canada banned them. I live in the DC metro and I get a spam call at least three times a day wanting to buy my condo. My home is a perfect first-time buyer property in a good neighborhood. If I sell it I would like to sell it to a first-time buyer because I think it's a great starter property, and I would like to see the neighborhood maintain its owner occupancy. I'm so sick of greed and the disconnect between investors, profit, and the actual human cost of that money they don't lift a finger to earn. There is no such thing as "money working for" you without some human hands laboring over it.

[@SachsRealty]

Canada has a ban, but it’s not very restrictive in my opinion. Their housing market is tumbling though. It’s been way cheaper to rent than to own. Worse than here it seems.

[@lamar1423]

Yes, that is what my friend in NS tells me. Honestly, I think the Canadian ban wasn't "too little" as much as "too late". @@SachsRealty

[@joanchoi3226]

I like they (Corp. investors) buy. This is freedom, not government control. Government less power is better

[@stephen89]

I definitely agree with the bills being proposed. rents here in Florida I’ve gotten so high that I can’t even afford to move because nothing is available to move into that’s reasonable. All caused by most likely corporate greed including the purchasing of single-family homes by corporations.

[@SachsRealty]

Appreciate your comment

[@ericobrien1977]

Corporations shouldn't be able to buy any kind of single family home. These institutional investors are making little monopoly's. I believe strongly in free enterprise, but we have anti-monopoly, and anti-trust laws for a reason. I think these institutional buyers should have 2 years to offload their inventory or face $100,000 fines per month they hold on to them.

[@andremasters6006]

The proposed legislation is designed to not pass but rather be used for marketing purposes. The simple answer to this is simply to stop funding the corps that are in the business of making al of us a nation of renters.

[@EnFuego79]

Bingo. But doing so would defeat the entire point of politics - to use violence and extortion to extract money and power from the people and create a quid pro quo environment where only corrupt companies who have no problem being extensions of gov't by submitting to incorporation, are allowed to operate.

[@LotusFlowerslove]

No stop allowing states and localities to tax property owners

[@hidesbehindpseudonym1920]

@@LotusFlowerslove how would that help new home buyers...

[@karlpierce3035]

How is that interest paid? It's better to just get the house at a lower price, that is how you cut interest......

[@bryanupton9872]

No, you don’t just compound the matter by adding more government interference. If government didn’t hold interest rates low and drive demand through 0 down programs, we would have never gotten to these valuations. Also, bailing out the, ‘too big to fail,’ regulations, tax code, and all the other systematic adulteration. It’s all compounded BS

[@Mike_257]

" A house in the neighborhood is a home for an average American worker !!! It is not a profit center for Wall Street..." 😂

[@romeoandjuliet6522]

Really Enjoyed your video what do you think will happen next this whole system will collapse where the peaple will go if they got no money to pay morgage or Rents i Think Buying houses is Not worthed it keeps you poor

[@shannondavis5728]

I don’t care what the data says.Institutional & Corporate investors own more than the data reveals!!!

[@SachsRealty]

Always seems to be the case. 🙏

[@DRNT940]

Um, institutional investors, foreign and domestics, ARE the root cause.

[@wild-radio7373]

Your analysis on this is wonderful👍 I hope millions of people watch this.

[@SachsRealty]

Thanks so much 💪

[@wild-radio7373]

​@@SachsRealty heya! The comment you shared that were openly pro-MAGA were rather disappointing. I do hope you consider the long term ramifications on your reputation. You are smarter than all that.

[@ZuluNation05]

I'm not pro trump but should he filter off the bottom part to fit your needs? Not everyone has to walk on their tip toes to not offend anyone. He didn't go political at all and wasn't pro trump. Other than that pro trump comment at the end it was a good question.

[@wild-radio7373]

@@ZuluNation05 well, give the video a re-watch, because he must have an editor funnel the comments to him... he self censored himself while reading it. I just call em' like I see um'.

[@randykoehler4556]

While the game might not end in the foreseeable future, we ALLL know that eventually they'll squeeze the housing market to the point that nobody can afford their rents or their prices. Or, something breaks in the system in which they get frightened to liquidate ASAP. I live around an area that not but 20 minutes from me in each direction these places are less desirable, but now you drive thru these places and they're not too bad ( I still wouldn't want to live there) but from the outside perspective it looks decent enough. Hardly any houses left to rehab that are reasonably priced. I know it's not Institutional buying here but rather individuals flipping houses constantly. Started seeing partially prepared flips coming on the market (like scared about getting stuck with it)

[@TheMedicalCodingGuild]

These bills won't pass because the government serves its paying customers, not us. The sad reality is that eventually something will break because you just cannot have tens of millions on the streets while properties sit empty asking for insane rental or selling prices. When people have nothing left to gain or lose, bad things happen. As for the 'but capitalism!" argument: the basic definition of capitalism is that capitalism is where private ownership of capital assets exists. What is happening right now is capitalism for these investors but socialism for the plebs. (No private property for you!). How is that in line with the Constitution? And yes, I understand that technically nobody is excluded from capitalism by allowing this to keep happening, but let's be real here. We know concepts like 'constructive dismissal from employment' for a reason. This is the same story, different framing.

[@SachsRealty]

Great comment.

[@RyanGilliam-ss5kx]

I have been screaming that the investors have been the problem for years. They have all the realtors in their back pockets stealing homes from ignorant owner occupied homeowners and shuffling them to investors for huge profits. I believe that the solution is to have two classifications of realtors. Ones that can only deal with commercial investor transactions and the other only dealing with owner occupied transactions. I think that would help prevent further monopolization of the housing market. Thank you for informing the public about this serious issue. Too few people are aware of the problem.

[@liquidreality472]

The monopolization of force is the underlying issue.

[@bboichirok661]

True!

[@user-qh8rf6vz5y]

Thank God! ❤

[@riverchaser9175]

Investors should be limited to owning like 20 properties at a time. The housing market cannot be a true capitalist system if there’s only a few players.

[@jeffsurfanderson]

Sachs if there's anything to tell your viewers it's the fact that everything is overvalued home prices aren't sustainable for the incomes that people have nowadays it doesn't matter what the interest rate is the prices of homes need to at least start going down by $200,000 or more just to start. Here's something you probably didn't think about if you're trying to buy something else after you buy a really expensive house and they look at what you owe that's what they care about most when they are trying to issue a loan not your interest rate so if you need a loan on a car and I see how much you pay for your house you're not going to get the car loan they're going to say you're overextended

[@op774]

Bailing out companies and subsidising certain industries go against capitalism also, we just have to use common sense.

[@jaydeeare285]

Mortgage rates dropped a historic amount over a two day period and you put out a video about a DOA bill from last week that people already stopped talking about ? 🤷‍♀️

[@50bladesofgrey43]

We fell from high 7% to high 6%, and it’s little more than the markets trying to front run the Fed based on the gamble the rate cuts will happen soon. The markets did the same thing in 2006, they called the feds bluff and priced in a rate cut as early as August 2006, excerpt the rate cut didn’t actually happen until August 2007. There is nothing historic about the markets trying to front run the fed, they’ve done it before and they’re trying to do it again,

[@jaydeeare285]

@50bladesofgrey43 You know somebody doesn't know what they are talking about with the housing market when their frame of reference is continually 2008. And we fell from a high of 8% actually. And for additional context , since you seem to stuck 15 years ago , there was an 11.2 months of supply in inventory in 2008 we have 4 now. Cope. Cooooooope.

[@50bladesofgrey43]

⁠​⁠​⁠​⁠​⁠​⁠@@jaydeeare285I was going to take it easy on you but now I’m going to drag you. New home supply is at 7.8 months. A 6 month supply is generally considered a balanced market. Existing is barely handing on with inventory levels breaking the seasonal trend of supply dropping in Q4. We are trending up when we should be trending down. The problem for real estate quacks like you is your woefully ill equipped to challenge someone who understands the data at the same level as you. You think your smoke and mirrors games is going to matter when I can see the same charts as you? Get real.

[@MD-hd1cp]

A 10k fee is just the worst idea. You're right, they pass that off to the consumers

[@ZuluNation05]

Thank you for the assumable loan question. Theres been a few listings advertising assumable VA loans and what not. Was unaware that 2ndary loan would have a much higher rate possibly negating the assumable portions savings. So many hurdles to consider.

[@jessicabixler1658]

Yes...government has definitely power to regulate monopolies and big companies and small ones.

[@stevenshorten6184]

Gotta love it. Once you get a house you can never lose it .

[@cherylcampbell7495]

Started with the banks wanting to unload properties.

[@BradleyJ_FL]

This is one place where laws are needed, when someone’s end of year bonuses are dependent on buying up shelter for people’s families…. That’s where things need to change.

[@appalachiabrauchfrau]

what stops them from setting up an LLC to purchase through is my thought, sometimes you can't even tell who is behind an LLC, so...

[@reginadeandrade9718]

They have to stop them and make them sell if they own more than 50 single family homes!!!

[@rogermenendez4052]

Why don't HOA protect homeowners from predatory investors?

[@SachsRealty]

Many HOA’s are trying to ban rentals.

[@AnnUrbina-vr8ls]

NY no HOA exist thank God

[@daviddaugherty1011]

The easiest answer is setting a profit tax on residential rent. Set a fair profit, example 3%. Over 3% the tax rate goes over 100% on a logarithmic scale. This makes it impossible for any landlord to cost shift onto the tenants. It also makes it possible to increase rent if costs like insurance and taxes go up.

[@timdiener2973]

Get ready for the next shoe to drop. I put in an offer this month (Dec) on a condo with a $726 month hoa fee, I asked for the 2024 approved budget and found out the HOA fee was going up to $916 mo so I canceled the contract. This seller is going to have a hard time with January right around the corner. Lower sales prices are on the way!!!

[@Pragmatist1st]

I do believe government should kick corporations out of the single-family housing market; or at least severely limit it. This capitalism absolutism or absolutism of any kind is narrow-minded at least; idiotic at its worse. Corporatism should not be allowed to take over this country. The priority should be people.

[@eemapalmer530]

When they cant find qualified renters they will bottom out. Buffet at Berkshire is selling off much of his investment real estate. Great report as always😊

[@SachsRealty]

Thank you 🙏

[@glockdoc001]

here is a "novel" idea. Some unelected bureaucrat rules by edict that renters don't have to pay rent if they don't feel like it and they can't be evicted.

[@darrenbuttery3527]

I would like to see a situation where investors (corporate or individual) can not buy any single family home until it has been on the market for 30 days or more. That would give people who want to be owner occupiers first shot at every single family house, condo or townhouse. No way interest rates coming down into the 5's will flood the housing market with inventory. It would have the opposite affect. Golden handcuffs would not suddenly fall off for two reasons. One is many people have rates lower than 5's and would still not want to take a higher rate unless they absolutely had to. Two is rates in the 5's would flood the market with new buyers who are currently sidelined and that will reduce the current inventory to even lower levels causing home prices to rise. This would not be good as home prices are too high as it is. Best thing IMO is rates stay in the 6's so home values go sideways for a few years giving builders time to build more homes and wages time to rise a bit and catch up.

[@venturabushcraft5916]

Single family homes are supposed to be for single families. If your a corporation, your not a single family. Single family rentals are not single family homes. Commercial RE is only for business and investments. You can't buy commercial RE and live in it so corporations shouldnt be allowed to buy residential single family homes and do business through them. If you want to be fair, single families should be allowed to buy Commercial RE and live in them and also use loans for single families to buy Commercial RE imo.

[@William14094]

Our beloved real estate guru Barbara Corcoran thinks lower rates will equate to higher prices. What a joke.

[@dawhike]

ALL Wall St/Hedge/Institutional Funds need to be regulated and limited to their access to home ownership. True Unregulated Capitalism is what caused the Great Depression. There will always need to be a balance between regulated and unregulated areas of the economy.

[@stevenshorten6184]

How many of these corporations have bailouts already? How is that capitalism?

[@jonbrillo5701]

The crazy part is , I didn’t buy into all that Covid brouhaha 😂

[@popart7722]

Say that to someone’s face that lost someone to that virus.

[@50bladesofgrey43]

⁠@@popart7722no problem sport because chances are it was a comorbidity issue not a covid only issue. 1/3 of this country is obese and people were perplexed as to why a respiratory illness reeked havoc and instead want to blame people for not wearing a mask or taking the shot like that’s really the core of the issue.

[@jeffsurfanderson]

It doesn't go against capitalism those companies are corporations can buy more companies incorporations just keep them out of the residential sector

[@writetravis]

Talk about cherry picking numbers. Ought to be a farm worker.