LANDLORD REACTS TO Private Equity’s Ruthless Takeover Of The Last Affordable Housing In America

[@dudepool4158]

So, these predators found a loophole in stealing homes from poor people! 🤨

[@BlackHoleOfTime]

Honestly in the last 30 years corporations have gone demonic.

[@rockettt.bitcoin4070]

Property taxes are used the same way my property value goes up $10,000 a year with no improvements I'm being taxed out of my property it's criminal how they attack us with high taxs

[@Youngberg1000]

Government doesn’t want private ownership of anything. We’ve become the USSR.

[@capntrips6245]

BlackRock is doing this, they'll empty the lots of trailers and then build STACK AND PACK multi use buildings

[@denisemeletiche8816]

And won’t show their face hide behind there greedy deeds

[@smartguyjaja]

we really got to a point where super companies own all the houses now and its impossible for normal people to get a house and the government is okay with that

[@ryurc3033]

I live in Missouri." The 417" as they say. My parents ran a trailer park. From 85-2000 wasnt awful. But it got worse with the methican Americans. I will never ever rent. Buy and sell, no rent ever ever ever. But im not a people person. 90% of people are out for their own and will stab you in the back for 5$. Also most 25-30 year old Mobile homes are not fit to live in anymore. Especially if it hasn't been maintained. Even if it was maintained. They are built out of the cheapest materials possible. They do not hold up long term.

[@nordisk1874]

All the major new Apartment Complex’s by me in Pinellas County, Florida use to be a mobile home parks.The only ones that are protected for now is the 55+ parks.

[@jamesthompson426]

I can tell you tho often times when people are forced out like that. Many (not all) people will make sure the interior is unlivable when they leave. So the park often has to tear them down

[@theresahejnal7434]

This is absolutely happening, literally had our trailer park bought by an out of state California company. Rent raises come fast, even had two in one year. They raise to the point where its almost the same as a house. I had to move last year. I still have family and friends stuck there.. getting gouged with no where to go.

[@darthskeptus9911]

This recently happened to me. I got divorced a couple of years ago, and the kids came with me. The only affordable housing was trailers. Last year, the park got bought out and the first thing the new company did was raise the rent by 35%. We were making it, until then. I had to go into debt to make ends meet for a couple of months. Fortunately, I got a promotion, and my raise covers most of the raise in rent. Without that raise, I may have lost my kids.

[@BlackHoleOfTime]

If I got kicked out of a home I owned I would destroy the property where it's un fixable.

[@brettweltz8135]

There wouldn’t even be a foundation left after I was done

[@fs127]

Gotta twist the knife; get some bats or other protected animal to take up residency and report it to the authorities so they can't just demolish without repercussions.

[@lindacurtis3513]

I lived one. Nice quiet, well maintained. Then the Vultures bought the MH Park and and up went the rent 3x in 1st year. I'm retired andcafter that i couldn't afford to live there any longer.Sad but between doubling electric bill , and another possible rent increase at 1st of year ...I moved to NC ,stayed withvl. daughter,son in law .On my own again in small peaceful apt. Hope and Pray other Elderly people are able to survive what's being done to our World.😢😢

[@dakotah4866]

there is no American dream because one there is no such thing as America. and second even George Carlin said this one you have to be asleep to believe it. love the video

[@nathanielwilkerson340]

So mobile homes,,,, I suspect the RV spots won't be far behind unfortunately 😢

[@donaldlemley6311]

All I can say is this is vulture capitalism at its best or worse whichever way you wanna look at it

[@leesam9287]

I don't know why but you seem to cover a lot of things in Michigan lately for some reason. I actually live in Michigan so I find you videos interesting. This one in particular I found to be quite relatable, luckily the person who owns my lot is a good person thankfully.

[@rubybaby7320]

Several years ago, my husband and I almost bought land to make a trailer park here on the Gulf Coast in Texas. Trump brought an energy boom that is still going strong in my state. I'd long been familiar with the housing crises that Edmonton, Canada and the Dakotas had gone through. We settled for buying a single-family dwelling instead (in fact we bought two but one proved problematic to rent so we sold it at very little profit). These aren't for manufactured homes, and I don't think they have the same desirability, but they are a great way for a retired person to make a passive income. Retirement without a plan equals a short life for most men. Living on the property, puttering around on it and being able to have some extra $$. But not a slum landlord. Also, we have three rentals and we do make a profit and we charge current rates.

[@williamfranks1215]

Over regulations push the little fish out.

[@UnknownHuman94]

My family lives in a manufactured home but we own the land at least, but yeah the American dream is gone. All you have to do is survive now.

[@williamfranks1215]

Industrial land buyers push small fish like myself out.

[@donaldvermillion1253]

fair market value for a mobile home doesnt really mean that much. mobile homes depreciate quicker than cars. I had a friend that picked up an old one for 5grand, im thinking it was an 80's style.

[@Ronni.M]

My brother is retired and his lot fee went from $185 to $580 in the last three years. He had a good retirement and job but the mill he worked at just closed. He was diagnosed with Stage IV colon cancer. Without insurance and out of control inflation, I don't know what will happen to him or to me. I'm facing a huge increase in property tax on my house. We both worked our entire adult lives into retirement but we can't afford to live anymore.

[@Mopki3]

If the property you own already has someone else's home on it, regardless who owns anything, if the family is not made whole for their home, and you're the 3rd party to the home owner forcing a loss onto them by your next -- within your right -- decision then yes, you are the predator in that scenario. Next time, remember the home comes with the property because people need homes and you're also people.

[@MrLboydReacts]

Valid

[@DBAllen]

This country has gotten to be a big sad game of musical chairs. Before long you're going to have a multi-millionaire just to break even.

[@Relaxedplaythroughs]

My grandfather was forced out of his trailer by raising monthly the lot rent they then gave him about 1000$ for his home. The property since he left fell into massive disrepair.

[@BM-hb2mr]

So with those mobile homes bubble homes, bubble home parks will not let you bring in a trailer.Or a mobile home that's over ten years old and summer even five years old so if you have to move that you're not gonna be able to move in anywhere to a park

[@BusinessSkrub]

Private billionaire companies putting profit before people and enjoying making people homeless for a few dollarydoos? Heavens, who'd've thunk?!

[@jasonabernathy2195]

It's Blackstone btw

[@criticality2056]

How do you know?

[@jasonabernathy2195]

@@criticality2056 umm, it's well known

[@criticality2056]

@@jasonabernathy2195 how do you know it is Blackrock? There is an important difference between fact and belief.

[@SighDontWantAHandle]

How about they're forced to pay any profit made for the home left behind. So if you resell it, you get to keep the amount that was lost in rent and the balance goes to the person forced to abandon the property.

[@criticality2056]

Why did the owners not sell it?

[@denisemeletiche8816]

Being a landlord is a privilege you get to help so many families I get it when tenants don’t pay the rent in time or pays it at all the landlord suffers . It is the responsibility of the tenant to pay rent or at least communicate with landlord when they will be late like that the landlord can make their moves accordingly . I believe better communication is needed between landlords and tenants to come to a agreement where both parties can win at this landlord tenant business .

[@happyskating2000]

Lmfao as if the landlords are the victims 😂😂😂😂

[@BusinessSkrub]

Right lmfao. "Oh no, I'm going to have to sell one of the 5 houses I use to exploit and extort poor people struggling :("

[@BigFrakkinOgre]

@@BusinessSkrub You have a very distorted view of what landlords deal with. Most landlords aren't rich, they usually own less than 4 properties(that includes their own home), and the costs of maintaining those properties are ridiculous even with good renters.

[@DBAllen]

Have you ever heard of the horror stories of how terrible renters can be and how hard it is to evict bums who don't pay their rent?

[@Terry-Hesticle]

@@BigFrakkinOgre Please, I've dealt with enough people who rented to me. It's always "Sorry you're hurting financially, but the rent is gonna have to go up" and YOU end up sacrificing while they continue maintaining and they seemingly have enough money to go out, have more than you, do more than you and there goes your disposable income that YOU can use to get higher up the ladder. "Poof." You really think the struggle of a person renting is anywhere near comparable? The people who rent are usually single, make just enough to get by and WISH they could find any kind of opportunity to not feel like they're sinking. Looking for a place? Oh well, that'll be an application fee, we need to see your paychecks for the last 3 months and you better make WAY more than the rent or you won't qualify and we're just going to go ahead and take that application and meeting fee, good luck! People are affording lifestyles they can't afford off of the backs of the struggling and shrinking middle-class and working class. I still don't own my own home, I still have to rent from other people despite getting upwards trajectory in my life. Now here I am being told I need to feel bad for people who have multiple cars and homes when I have ZERO. Those people? They got those homes or large sums of money out of divorces, deaths in the family and literally did no work for the money so in the end? They're defending an investment by refusing to break-even. They make the choice of moving into an apartment and "Saving up for their second home", so they charge the equivalent of the land tax, utilities and an extra little bit on top as profit to make some of their own rent back for basically nothing.

[@BusinessSkrub]

@@DBAllen have you heard of the horror stories of people not being to afford a house for their entire life because scum bought it all up? Nobody gives a fuck about landlords, good that they deal with shitty tenants. It's all they deserve for stealing homes from the rest of us 🤷🏼

[@risingrat5491]

This is around the globe problem. I guess Americans feel it much more strongly, cos.. well.. your country ain’t cheap already

[@RextheRebel]

You should react to more from More Perfect Union. Love their work. Occasionally they can be a bit too lib for me but it's rare and it doesn't defeat the overall point they usually make.

[@rubybaby7320]

Sen Cherry is a 5th generation union member. If that's who you are looking to for help, good luck. The unions drove the auto manufacturing industry to bankruptcy.

[@DBAllen]

The boogie men formed a union, and they are hiding under your bed where your mommy can't see them!

[@williamfranks1215]

At this point, holding property can be a negative.

[@vmbay2212]

And Being Homeless Is A Negative Too.🫤

[@williamfranks1215]

@vmbay2212 Yep. As a house owner, I'm fortunate. But I don't own the land. Right now, it's ok. What do I do if the land owner sells or dies? I'm glad I'm not worried about the value of the property if the market crashes people are going to get "hurt." Eventually, property values will be so high that only 10 people in the world will be able to afford them and top earning corporations.

[@criticality2056]

​@williamfranks1215 and they'll buy, when values drop they'll get hurt

[@americanme3239]

Im temporarily in a big old mansion boarding house.. apparently my ssi cant afford me more. If i didn't have kitty id be in a van or mini again. Im waiting for my rent to go up. Than ill just cut out something else..

[@deer9116]

Yet people still vote Democrat

[@RocketmanRockyMatrix]

Republican's plan?

[@deer9116]

@@RocketmanRockyMatrix not be in bed and in the Black Rock payroll. Not “socializing” the US to Socialism. Not be in Soros/WEF pocket. Why do you think both shooters were in Blackrock commercials?

[@RocketmanRockyMatrix]

@@deer9116 Are you sure GOP candidates aren't taking money from Blackrock either? Do they have a plan to legislate to restrict private equity from buying properties?

[@DBAllen]

@@deer9116 Socialism i.e. Communism just watch.

[@criticality2056]

Private equity. I wish they would use accurate terms instead of catchy taglines

[@NviGWarren]

This is crazy, why are they doing this...?

[@DBAllen]

GREED!

[@zcorpalpha2462]

Educate yourself 😂 They don’t own the land

[@johnobrien2055]

So I've done foreclosure for years before law school. But this happens in any hot housing market.

[@johnobrien2055]

I am fortunate that I can speak with individual landlords. But this is disturbing.

[@DBAllen]

Oh, okay then that makes it okay.

[@denisemeletiche8816]

I have a solution buy land build and live tax free not in the USA get my drift !

[@shomarimonroe150]

Sad video

[@VegasLady-1970]

it's disgusting

[@zcorpalpha2462]

Why ?😂

[@relaxationmeditation499]

Been a fan of the content for a while. Jus6 discovered the hitler speech translation video and you're a coward for turning the comments off on that video.

[@MrLboydReacts]

I never turn comments off 🤷🏾‍♂️. If 70% of comments are wild.. YT’s AI shuts them off . So if they are off .. people were probably saying super crazy things lol.

[@zcorpalpha2462]

Your a nitwit 😂 KZbin , not the channel

[@zcorpalpha2462]

Well, what they forgot to mention is they RENT, they don’t own the land. Owner has every right to sell to whoever they want 😂 That’s Life Perfectly Legal

[@PrimalInstinct0704]

Still selling to a corporation that you have a good idea of what's gonna happen still makes you a scumbag. Legal and moral are different and shouldn't be but nobody smart makes laws that will help everyone just themselves.

[@CarlDi3trich]

You lost me at a Democrat actually trying to help people.

[@Neyonius]

Protection 5 is meant for eviction from a home you already own when you're a week or two behind on lot fees. This is where civil court comes into play. It just so happens that white plight gathers a lot of momentum.

[@BusinessSkrub]

Ah, casual racism, nice

[@Neyonius]

@@BusinessSkrub I'm racist for recognizing my skin color affords a disproportionate amount of attention? Damned if I do, damned if I don't I guess. 🤷‍♂️

[@BusinessSkrub]

@@Neyonius yup. Skin colour has no bearing on anything and it's racist afto assume people get or don't get things because of their skin colour. It's childish and foolish. Don't let twitter and tik tok tell you how to feel about yourself dawg

[@axebeard6085]

11:25 Welcome to the new Gilded Age.