American Dream Stolen By Corporations

[@kburkes4245]

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]

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]

I agree with you. I want a Family that wants a home to have it.

[@laco9827]

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]

@@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]

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.

[@Aud_the_Odd]

Private equity is basically ruining everything at this point. Nursing homes. Dental care. Hospitals. Etc.

[@roysmith5293]

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]

Plus they closed down a lot of our favorite stores.

[@xandervanzyl9342]

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]

@@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]

Mobile home parks are being gobbled up too.

[@jefferykeeper9034]

The US government is not going too stop this because they are getting a kick back from the cooperation

[@KristinaSmallhorn]

100 % correct.

[@troywhite6039]

Not just a kickback, they profit at every level and stage multiple times from taxes to investments to inflation.

[@DrewTheWolfe22]

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]

@@DrewTheWolfe22 there hasn’t been a “good” choice in decades. It’s like choosing between fresh poop or dried poop.

[@roscopriceathens]

Its called lobbying

[@Joey-fs7ro]

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]

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]

Quite right. Food, energy, housing - its all going to be owned by the overlords and its consequences are becoming very hard to ignore.

[@paulj6756]

"You have owners"--George Carlin

[@LIVdaBrand]

Slavery was what this country was founded on. It will continue.

[@carlywright5127]

I call it Fascism and yes end enslavement , courtesy of Fed, Central banks, one world gov, all to the plan.

[@justliss1827]

Corporate America always ruins the American dream.

[@dweebcentric]

Noawadays they call it “enshitification.”

[@Rioboss420]

Corporate America sent all manufacturing jobs to China , all tech jobs to India and selling houses on double price to us.

[@bvssrsguntur6338]

And there is no security to a common us citizens from these corporations? A failure of democracy

[@droubal]

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]

A dream that has turned into a nightmare.

[@kanenomoja]

“You will own nothing and be happy.” And, by “happy” we mean destitute and miserable.

[@princessmarlena1359]

“You’ll get nothing, and like it!”

[@kanenomoja]

@@princessmarlena1359 The actual statement is much worse.

[@sterlingmarshel6299]

overused quote and has nothing to do with housing

[@JBG1968]

And work until the day you drop dead

[@thenerdgirl1]

Rampant, unchecked capitalism did this. Rentals used to be cheaper so that you could save to own your own. This market is wrong and it wasn't always like this. What changed? Everyone being greedy little piggies. As always, the actual enemy is the wealthy. Landlords are the only investors that feel like, no matter what happens in the world, they should never have to take losses. Extorting people for essentials like housing as you jack up market price and push the dream further out of reach is some business. Feels almost criminal.

[@PlasmaBurns]

I was thinking of buying a tool shed from Home Depot for a few hundred dollars and selling it in Florida for 350k.

[@TheEblenRealestateTeam]

Lol

[@darlenestadler9051]

LOL 😅

[@Joce123]

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]

Investment advice: sell it in California for a million.

[@chenanigans]

Sell it in Seattle for triple that price; just call it a 'Tiny Home'.

[@rbnallen95]

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]

Right Don’t leave 🥃🔥

[@maddog7999]

private investors are humans. private EQUITY firms are not

[@red_hobbit3323]

I keep flashing back to a 60 minutes episode of a hedge fund manager saying,"You can RENT the American Dream" 🤦‍♀️😤

[@arnman2093]

Considering how property tax works, we always have 'rented' the American Dream.

[@piast_kolodziej]

@@arnman2093 it's insane how high are property taxes in US. In Poland I pay around $60 a year for my 2 apartments.

[@anjr6282]

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]

There are opportunities available in any market no.matte the obstacles. So many people are happy to give their equity to the landlord?

[@ninaninabonita]

This should be required viewing for every American citizen today.

[@ianlloyd4301]

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

[@Shoibyrd]

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]

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]

@@edennis8578 the Realtor probably worked for/with the investor as a regular source of business.

[@user-ho3dk4pg8y]

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]

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]

@@user-ho3dk4pg8y thats terrible. Did she get most of her money back?

[@princessmarlena1359]

This is why many young people have given up. No home, no livable wage jobs, no marriage, and no families.

[@Libertaro-i2u]

That and people are lazy. People used to LIKE working 10+ hours a day.

[@kathyslage7059]

Private equity is THE PROBLEM. what are we going to do? Our politicians won't help. I am so down about the future.

[@shanerogers9386]

Make your own justice.

[@dweebcentric]

They’re investing in the Slums of the Future. You can only knock people down so much before there is nothing less.

[@ShiningSakura]

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]

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]

@@honestfriend767 yes American people lobby.

[@uk7769]

just live out of your car and eat $7 boxes of shrinkflated Kellogs cereal. The New American Dream.

[@joegrazulis2810]

Only if it is an electric car.

[@timothysaye5535]

Better yet. Set up a tent in a blue city of America. Free drugs, food!

[@Jenjenn1111]

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]

Like they done everything else... Low guy doesn't stand a chance

[@thomass2451]

The real issue is capitalism.

[@JohnSmith-tn1te]

​@@thomass2451😂😂

[@dottyjyoung]

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]

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]

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.

[@Libertaro-i2u]

What landlord wants to lower rent? Making housing easier to afford just makes people lazy and complacent.

[@frankisawesomee]

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.

[@baxtar1963]

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.

[@easybeautybyniccolebordino8368]

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]

Why are they still alive ?

[@kathyslage7059]

💯

[@marcys6397]

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]

@@shanerogers9386 American Revolution 2: Electric Boogaloo

[@shanerogers9386]

@@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.

[@davidknightx]

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]

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]

There are lot of nice Tiny homes that you can get for under 50k and nice manufactured homes for under 100k.

[@robbrown3941]

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]

Hopefully they can’t get homeowners insurance and all these corporate homes flood out

[@KaseyJefferson-i7y]

@@jonlj77 LOL - if they have hired a lobbyist for DC, the taxpayer will pick up the tab.

[@goyam2981]

Money printing

[@chuckmarch5552]

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.

[@cindyonyoutube]

Sadly for all of us little wanna be home buyers, your analysis is exactly on point

[@collinquinton1980]

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.

[@kittenmittens4387]

@@collinquinton1980 on behalf of your neighborhood and the rest of America, thank you for putting people over profit!

[@markbrzezinski8889]

The problem is that "parties" running for government accept donations!!!!

[@KristinaSmallhorn]

All of them.

[@N2MyGroove]

And thanks to the Citizens United ruling, Corporations & Institutions literally buy the legislators who enact and regulate on behalf of themselves.

[@robertaguilar4162]

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.

[@Hectorszenshopedc]

it is called MONOPOLY for whoever finished schooling

[@KoRntech]

Remember when those were bad? Now we're told they're good.

[@frankisawesomee]

At end of the game someone always wins so who will

[@Hectorszenshopedc]

@@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]

Yep and it caused the Great Depression

[@Hectorszenshopedc]

@@Encephalitisify Thanks for the good gesture🎇 God Speed US all

[@nickfedor210]

People who own their homes outright will someday be taxed out of them. This is how the government works with the corporations.

[@timothyrabourn8906]

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]

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]

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]

Wouldn't let you quit? Slavery is unconstitutional?

[@timothyrabourn8906]

@@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!

[@131313griffin]

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.

[@xInfisphere]

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”

[@chazseabrooks6473]

TURNS MY STOMACH. I knew something like this was going on! My area's cost of living was completely DESTROYED because of this!

[@SuperMassman]

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]

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.

[@Seeyalater1717]

You nailed it! But now if we protest we are jailed if it’s for doing the right thing.

[@henli-rw5dw]

Marching doesn't do anything.

[@sunnyrandazzo8454]

@@AmoebaInk My city council? LOL! They do not GAS

[@breft3416]

I think this will end up in the streets, too. Remember what changed a few years ago when millions hit the streets here and around the world about trump, etc.? We now have craziness from the radical left and right. And nothing has changed for the working person. It's worse.

[@sterlingoldemeyer1203]

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]

@sterlingoldemeyer1203 why would a corporation be interested in buying your hvac company?

[@Janet-e8z]

@@gavnonadoroge3092😅

[@cydonia3167]

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]

Can you say, "Property Taxes",also...🙄😫

[@joaquinvargas6351]

Bad enough that they don't pay taxes.

[@jeffbianchiguitar]

That's outrageous. At this point it's just greed.

[@portagepete1]

If I have to hang 5 sheets of drywall guess who's doing it..ME You knew price and agreed.

[@rubberbiscuit99]

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.

[@saltytbone]

I can't believe someone is still unironically writing "avocado-toast-eating Millennials."

[@ryanyoder7573]

Do people really eat that?

[@chrisrutkowski4247]

It's purpose is generational division.

[@unnamed2737]

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]

@@ryanyoder7573 my friend likes it

[@Heather-ho5vh]

@@ryanyoder7573 yes, and it is delicious. But only when I make it at home, because it’s $14+ at a restaurant.

[@nogames8982]

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.

[@alphaomega1351]

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]

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]

Yep

[@ksplinter007]

Don't want to set prices. It needs to be free market. But individual buyers take priority, therefore lowering prices

[@redraiderrider3289]

Consoomers

[@kyleolson9636]

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.

[@Adromelk]

The only solution is laws making ownership of single family homes by these firms illegal. Forced divestment over a say 10 year period so as not to flood the market but as someone whos looking for a home,- the drastic price drops wouldn't make me cry nor would I feel bad for sellers. Nothing personal but your 2b 1b is not worth 500k+ Laws need passed and swiftly or this situation will spiral put of control as rent is costing too much,home ownership is simply impossible at these inflated and frankly ridiculous prices and then what? States are even making homelessness a crime now. Where are we heading America?

[@thomasstephens1598]

I would say that figure is low you can't drive more than 2 miles with out seeing signs saying we buy houses.

[@targetedplantsguy9481]

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]

And "Subject too". If you hear thise words so NO

[@JColtF]

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]

No one should be allowed to own more than two single family homes in America.

[@JColtF]

@commonsense6968 I disagree and agree at the same time, I'd say it depends on the circumstances

[@scifirealism5943]

Amazing.

[@chupacabra304]

@@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

[@justinmiller1118]

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.

[@JessicaO490Z]

That's true it would maybe curb them, that or it will make rents higher. :S

[@screaminseaman6121]

@@JessicaO490Z Tack on a vacancy tax too so they're forced to sell if no one wants to pay their absorbent prices.

[@MrWphilips]

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]

It is is most states. Its called primary residency exemption. Its about half the tax bill in Michigan.

[@patrickday4206]

Yeah the more property the higher rates to offset everyone elses

[@23rdpsalm_._]

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]

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_._]

@@koolkitties8552 Yep

[@markgibson7123]

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]

That's disgusting.

[@edennis8578]

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?

[@luisrosas5694]

I saw that coming back in 2008 when corporations started buying homes by hundreds in Arizona, California mainly and I told people that the government shouldn't allow that because it would become a monopoly where the corporations would control the price of housing and rent that in a way we are going back in time like 1800s and early 1900s were you would have to work for the landlords in order to have a place to live and food

[@shanerogers9386]

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?

[@acopolo]

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.

[@Checkered_Demon00]

Alsoooo I’d like to add, that this has already happened in the Veterinary field…all the retirement age Veterinarians have been selling their private owned clinics to corporations…it leads to a lack of options…or if you’re an employee, a lack of culture or change in your work places

[@cherylsmith4826]

Yes, here in SWPA there are very few choices for large animal vets. The experienced older veterinarians are retiring & the new ones show up in their fancy trucks filled with fancy equipment & have your credit card on file.

[@chriswhite2151]

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]

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]

'How can we ever hope to fight this?' Stop voting for people in the pockets of the corporations.

[@KristinaSmallhorn]

@@eattherich9215 that’s becoming more difficult. Only a handful at the federal level do not take PAC money.

[@susanwerner9961]

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]

@@KristinaSmallhorn: true, but at least they will be the hold outs when it comes to further enabling the corporations.

[@user-ln3bd9gz5v]

Corporations are not only crushing citizens with home financing and prices, but now with home maintenance! What is next? Buying town governments?

[@Bewefau]

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]

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]

The heated seats subscription was from BMW and not in the American car market.

[@troywhite6039]

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]

I never understood the expensive coffee (liquid candy). Easier to make it at home. @@troywhite6039

[@TONYRIGDEN]

Otherwise known as a rentier economy or in other words feudalism

[@onceuponanexploration6048]

In Sweden you can not own more than two homes. The owner is required to live in one of the homes for over six months.

[@KristinaSmallhorn]

I like that rule.

[@onceuponanexploration6048]

It's almost like they thought about their citizens and neighborhoods rather than corporate profits. Who knew...@@KristinaSmallhorn

[@Nathan-k7y9d]

The takeaway is not to sell your single family houses. Keep as investment.

[@KristinaSmallhorn]

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]

Don’t forget about the insane rise in property taxes as well.

[@macadoo2530]

Imagine your family keeping as house IN the family! Thx boomers.

[@invalidaccount2315]

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.

[@HiAnime697]

Love how my gen was buying houses in our early twenties in 2013. I remember it very differently.

[@jeffreymassey5541]

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]

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]

​@@cb5516 No, us little guys are shut out of this.

[@thanosianthemadtitanic]

i just bought a house in nc. My freinds/family said i didnt know what i was getting myself into but i didnt care. The writing is on the wall kristina its now or never. Already where i made my purchase the average home listing prices are 4x - 6x the median income. This is in the middle of rural N.C mind you INSANE. Im a software engineer making 6 figures with zero debt but barely qualified for mortgage which means soon there will be no hope for anyone else. Get in while you can things are not going to get better.

[@lenoywoolridge220]

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]

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]

Doing it in the DFW outlier areas, also, to include Dallas and Fort Worth. Since 2020 been doing it.

[@koolkitties8552]

@@KristinaSmallhorn And what are the local governments going to do about it Nothing

[@troywhite6039]

Especially when board members own rentals or private equity firms themselves.

[@Jen1112111]

Well your theyre exhasberating the problem by renting from them

[@manningviralmedia]

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.

[@marlyrayray1338]

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

[@andyspinball]

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]

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]

@@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.

[@TheNeeenha]

They've been doing this to hospital ER's. It's a nightmare. Their doing it everywhere, I wonder what's next probably daycare for kids if they haven't already. Nursing homes are big chains now too

[@charletonzimmerman4205]

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]

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.

[@burmy1552]

Your private equity stocks must be doing well.

[@briankier2189]

@@burmy1552 I don’t have any stocks.

[@milt0n290]

@@briankier2189he wasn’t talking to you lol

[@edwardsanchez3708]

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

[@SAAN27]

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.

[@SAAN27]

@@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

[@lindaanderson3698]

They are building entire subdivisions that are for rent only...not home sales.

[@wendyboester7925]

We only could afford to buy a house because we received inheritance money. Both of our adult daughters live at home as do all their friends and workmates. We bought in 2007 and struggled to keep it during the recession… we were extremely lucky compared to the average American. But Now we can’t afford to retire and are looking to move out of the US.

[@billysmith6284]

“Stolen by corporations” I think it’s much worse than that.

[@nawfking8475]

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]

Yes I read years ago, 30 years I think that that was the plan. People don't have a chance.

[@lenanicole2837]

'You will own nothing and be happy.' yes, this is the point and the plan from the beginning.

[@TedK4307]

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]

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]

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]

So Sad. I lived there in 2001. That is horrible. Atlanta has many of the same too.

[@brianbeecher3084]

But HOAs are often very dictatorial as well. Often residents actually have less freedom than many do renting.

[@susanwerner9961]

​@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.

[@slp05006]

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.

[@Needglory23]

Around 50% of the homes in my neighborhood that sold last year were bought by corporations.

[@SonnyMaddison]

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😂

[@tylrjsph]

The world economic forum said by 2030 you would own nothing and be happy. Representative government is flawed

[@edennis8578]

Because they're bought out as soon as they take office, if not before.

[@garyfrancis6193]

I saw this trend developing in the 1980’s and logically cincluded it woukd reach a point when Hines woukd be too ex for new home buyers. People who bought a house for $250,000 in 1984 now want $1.2 million for a hiuse now 40 years older and think they are clever investors for driving the cost of housing so high now no one can afford to buy one unless they bought a house 20, 30, 40 years ago. Obviously when not enough people can buy the housing market will collapse. This was delayed by foreign investors who would pay any price then leave the property empty to take advantage of rising house prices. Buy low sell high. Thst game can only go on so long before No one can afford to play anymore. You are at that point now. Who cares if the house you bought for $250,000 in 1984 is now so expensive no one can or will buy it? What also motivated this was the city governments could make more money in residential taxes if the assessed value of the property went up. They knew this would eventually result in inflated property values but kicked the can down the road for future generations to deal with. Well here you are.

[@garyfrancis6193]

Sorry for the typos but my iPad onscreen keyboard is making a horrendous number of mistakes that I can’t keep track up with.

[@realestatebykemi]

It’s even worse in the Atlanta market. It started after Georgia had the highest # of bank failures during the 98 housing crash.

[@cherryblossoms942]

Atlanta has a lot of fraud too. That place is something else…

[@marblox9300]

All real estate housing should have to be Owner Occupied by law. That would prevent investors from buying up huge available inventory which creates a shortage and drives up prices.

[@sew2prosper]

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.

[@Justoutdoors360]

Corporate greed is going to destroy this country

[@samuelfrancis1541]

Too late!

[@archie_bunker]

60yrs to late

[@deborahheckstall1881]

It's the allowing Corporations to take over all business. It is time to start taking notes on these private equity companies and limit the amount of homes they can take over.

[@MichaelBrown-ho5wc]

This MUST stop !!! What is it going to take to stop the purchase of housing by corporations?

[@chupacabra304]

Might get my comment removed but its the second important natural right listed in the bill of rights

[@chupacabra304]

Look at the second Natural right listed in the bill of rights Hopefully comment doesn’t get removed lol

[@jr9655]

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

[@christinecortese9973]

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]

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.

[@Janet-e8z]

@@sarahcobetto5613find somewhere near creek. You can dig and put water pump electric and manual

[@MrGavinBoyd]

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!

[@jonniesantos]

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…

[@cosmoscoach4698]

I am uncertain of how your channel made it into my algorithm, but I am glad that it did. That was great insight. Thank you for your time.

[@reginag1]

This is so depressing

[@bajojohn]

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.

[@zmarko]

We're all f**ked. And people wonder how we got here. 🤣 🤣

[@shanerogers9386]

Start making your own justice. Know who they are and where they live.

[@thmswalters]

@@shanerogers9386Town and Country Missouri is an interesting place. I pay attention. That is all.

[@SlickSimulacrum]

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]

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]

biding wars and greed caused this destruction. now realtors want us to feel sorry or them. trust me i know many of them lol

[@cameronweston1762]

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!!

[@growlinbear]

Private equity has some of the biggest lobbyists in DC

[@gunnernaut]

You’re one of my favorite channels that I’ve found this year. Hate the subject, love the delivery.

[@alansterling3481]

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.

[@VictorMartinez-dv6md]

I rented a house in SC owned by Conrex Properties. It was a nightmare. They only came to fix 30 percent of my house repairs. When it was time to leave, they stole my entire security deposit. They said that it was to be used to paint the house for the next tenants. They have a 51 page contract that even covers how you sue them and bans class action lawsuits. The problem is that people are desperate and will still sign these bum contracts. I moved out and own my own home now. My mortgage is more than I wanted to pay, but hopefully the interest rates come down.

[@TheLovely990]

I will not sell my property to an investor period, but to someone who needs affordable housing

[@miaq392]

Exactly! this is how all home owners should be moving if they want to sell. Take away some of these investors power.

[@galactic904]

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]

Corporations are ruining this country, while they have us fighting over culture wars

[@diazpty]

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.

[@earnthis1]

Most States are about 5 years behind in regulating these companies. Call your local representatives/Mayor and make sure they are not sleeping on this.

[@catitude4]

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]

I get those every two weeks

[@Janet-e8z]

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. 😅

[@anothershellcialistturtle8568]

Yeah my whole generation gen z is DOOMED we are COOKED. what are we supposed to do we are broke as a joke there’s no way we can possibly curb their expansion and no the government won’t help at all no matter what we do.

[@happyfunjenn]

Love your reporting Kristina.

[@Eagleheart73]

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]

I hate when people say that because it makes a mockery of the financial situation we created and aloud to happen.

[@lauraleayoung6402]

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!

[@blackseabrew]

Private Equity already has ruined the market. Individual buyers can't compete with the printed money available to the 'private equity' firms. There is nothing 'private' about the term. They have access to the TBTF banks that just add zeros to the end of their account. I can't compete.