Michael Saylor: Why the rich are buying up all the homes -- How Money is Broken

[@paddyholiday2433]

This makes a lot of sense, it does keep property prices artificially high.

[@brittanyb.7781]

Thank you for pointing that out. People don't make the connection and just say oh no they CAN it's their right. But it screws the rest of the people bc that kind of money distorts the market. Meanwhile, home prices have doubled in 5 years.

[@marilynperez7717]

That’s being Greedy and Selfish in my opinion

[@Akay-s1p]

Govt also backs them instead of backing avg ppl. I bought small piece of land far away from city bcoz i couldnt afford a flat in city area, but the govt is making so difficult for me to get building permit, so essentially they r forcing me to give up and buy one of the expensive flats in city, it proves my govt is supporting the rich builder trying to sell his flats at enormous profits. Why should i even bother voting.

[@arlenegreen9728]

This should be considered fraud!!!!

[@retrodaze8437]

They do the same thing with diamonds. They lock them away, and by doing so, drive up the prices by having an artificial shortage.

[@jaychatfield9937]

This is exactly what Blackrock has done to the entire real estate industry in America

[@dumpsterG]

You do realise that it is “rich guys” who give them money to do this. Wake up.

[@trafferz]

@@dumpsterG 66% of Blackrock's assets come form retirement funds coming form average workers, and a significant percentage of the remaining assets come from middle-class investors.

[@Emanresu22]

It's bigger than that, the wars were to replace leaders that would comply with globalisation if USA capitalism, increased property prices, increase debt cost, but up all the property as people can't pay the mortgages. Most countries have had property development for this reason. Eventually though there will be no need to have empty properties when only 1 or few own them all or BTC solves this, stay positive

[@smokindomain]

You could do the same and become wealthy..or do you prefer to become wealthy and then buy houses?

[@victorblock3421]

Blackrock is a public company. You can easily buy some of the stock instead of crying.

[@virgilpalmer2427]

This guy is absolutely correct..

[@robertharper3114]

Who owns 27 empty houses? Asking for a squatter friend...

[@LiveItLiveNow]

I don't believe any rich person uses this "strategy"; First of all, "regular" people were NEVER able to afford the most beautiful lake-side homes! Secondly, those homes pay property taxes whether they're lived in or not! Thirdly, if it is an investment property, the owner can depreciate the building, but upon the sale, all that depreciation is re-captured, so it doesn't make sense as a place to "store" money, unless you like paying a lot for storage.

[@Luke-iv5kx]

@@LiveItLiveNow Rich people do this. They insure it, pay the taxes and hire a grounds keeper.

[@PolishBehemoth]

@@LiveItLiveNow you have no idea what youre talking about. I used to be in commercial real estate here in austin. THe propertys in the last ten years have gone up 2-4 times what they were bought for over the same period. Just by holding on to it they multiply the money so many times from what the property tax is. Most of the rich folks have regular incomes anyway.

[@LiveItLiveNow]

@@PolishBehemoth You have no idea about which you're talking about. It's due to cheap money, and low-down payment requirements. Residential real estate traditionally has been a terrible place to buy and hold to make money, particularly the McMansion & high-end properties where taxes and insurance alone are in the tens of thousands per year. Sure, you can flip beat-to-shit houses, in cheap neighborhoods, but that isn't what this video was talking about.

[@rockettt.bitcoin4070]

Not to mention all the corporations buying up all the houses driving up the property value and then forcing home buyers to rent theirs instead if being able to buy that house. We need to make corporations buying houses illegal.

[@mdubbsta3740]

Sounds good but don't figure out a way around or a loophole to be able to buy these homes and houses but not as a " corporation "

[@jeffputman3504]

Land use restrictions are what limit the number of houses that can be built, driving up the price. Restore freedom! Get more houses! And they'll be affordable!

[@electron7659]

I am one of those who unfortunately live in a house that is only allowed to be rented. It's owned by a corporation and the rent is STUPIDLY expensive. Yes It's a decent neighborhood (not rich) but the rent is way too much for the amount of house we're getting. And just to be able to rent, you will need: First months rent + deposit fee that equals months rent 3 times the rent of income Excellent credit score $150 application fee ($75 per person) $150 administration fee $30 (per month) for basically delivering the monthly air filters to our doorstep to be changed in our air-condition vent system once per month. And all that is not including the deposits made just to set up the utilities. $$$$$ everywhere. It's disgusting how many expenses is needed JUST to be able to live somewhere. My parents had it so much easier back then. IT'S SUCKS for us now.

[@windowsdown3684]

@meetkevin

[@aj2228]

that's communism unfortunately. this is end stage capitalism

[@cindycain3301]

Absolutely! And it isn't just a rich dude. There are corporations doing that fool. It's disgusting and needs to be made illegal, whether it is the rich dude or corporations.

[@mumbles215]

I don’t care about the rich dude, we can’t tell individuals how to spend their money but I am complete against corporations of any kind owning housing. I wish they didn’t even own apartments to rent it should all be mom and pops.

[@Tammy-iz5rz]

@@mumbles215Yes. Corporations should not own property. Only people have God given rights. Corporations have no rights therefore they have no property rights. We need to go back to a family based economy instead of a corporate based economy. In a free market there are no corporations because the government doesn’t charter corporations in a free market.

[@thedemonnemo]

Hint: it's rarely an individual rich dude.

[@beng4647]

Corporations are just rich people. Know your enemy.

[@MAVENdeNYC]

​@@beng4647drops mic. Ptssss

[@BrendaRWyatt]

He’s talking about high end properties being bought up which are out of most people’s reach but the fact that homes in all price ranges are being bought up by investors has created a housing shortage for the average working family. False inflation pushes prices up higher and out of reach. Our government has to change the rules on using homes to hoard wealth.

[@LEGOAgenda]

Exactly…. It’s the same bs with regular homes companies are buying thousands. Idk what bs you in

[@jessicabixler1658]

What happens is the rich buy up these homes. Then the little less rich can't buy them to live in so they buy the next teir down. Then the upper middle class can't afford those next their homes, so they buy middle class homes. The middle class are forced to rent or buy homes that lower incomes would...etc etc. 15-16 million vacant homes just held by the wealthy makes a big diffrence. Especially when the shortage is 5-6 million

[@JohnMoore-xf5wy]

"Our government" is part of the problem.

[@mauibuilder1239]

No, they're buying EVERYTHING except crack houses and crappy tract homes, whose prices are now overinflated.

[@tonykennedy1615]

So open borders has nothing to do with that? Come on man!

[@KApatriot]

We live in a broken corrupt system, and it has to change. Every hardworking American should be able to afford to buy a nice house and have the opportunity to live the American dream.

[@frx1p32dz2]

you CAN.the system isn't corrupt buddy, you're just shaking your fist at a system you've not educated yourself in. this guy is a idiot and hypocrite. he does the same thing with BTC. he hordes bitcoin.. why doesn't he share his bitcoin with someone like you?😂

[@1320_ikimasho]

Rich people buying an expensive home in Eastern Maryland has nothing to do with the average Joe trying to buy a home and raise a family.

[@JustMe-gx4xt]

​@@1320_ikimashoIt has everything to do with it... because the rich people buy anything that has value, not only expensive homes. This makes it unaffordable for an average family to make ends meet while the rich dont know how to spend the money they already have.

[@SparkingRelativity]

It does when those angry Americans want there money back

[@Tammy-iz5rz]

@@1320_ikimasho Corporations should not own property. Only people have God given rights. Corporations have no rights therefore they have no property rights. We need to go back to a family based economy instead of a corporate based economy. In a free market there are no corporations because the government doesn’t charter corporations in a free market.

[@geepeeone]

Also, people forget that it's also been a way for foreigners to launder money

[@BenMiles-c3u]

Yeah I'm pretty sure one of the biggest houses in London second to the Windsor castle is owned by a Russian oligarch

[@Exbozz]

and bitcoin have not? this r€tàrd holds like 330k BTC, using his dumbass arguement why is he holding more than 1?

[@florentinorobles5454]

With the help of the USA banking and government 😂😂😂😂 o by the way the USA citizens don't laundry money right

[@fredanyanga1696]

like politicians in Africa who steal our money and buy big houses abroad

[@franko4079]

Like the dollar didnt used to launder money for hundreds of years now…

[@musiclistzouk1157]

As a poor person, your teaching has just brought tears to my eyes. May God bless you in this journey 😢😢😢😢

[@hb2774]

In the Philippines, it is illegal for foreigners to buy real estate. Only citizens of the Philippines are allowed to buy real estate property.

[@leesaleesa8819]

They're selling property in the Philippines from the US

[@edheldude]

You can buy RE but not the land.

[@Retired-001]

That’s not true, my American friend just purchased a penthouse in Cebo. Another Retired Air Force guy built a house in the Philippines. You don’t know what you’re talking about. Anyone can purchase property in the Philippines. What you meant to say, you have to be a Filipino to own the land.

[@markdc1145]

That's how it should be in every country.

[@trailguy]

@@Retired-001 right, you can own a condo but not a lot.

[@enjoylifesteve3925]

I heard a great quote many years ago: "If you die too rich..., you've lived too poorly...." Trying to live by it by helping when I can.

[@philippm8039]

That's a stupid saying because nobody knows when it's time to. If you die early you might still have your life savings and "die rich". If you have spent it to early, you might starve to death.

[@ElleckBuilding]

@philippm8093......If you raise your vibration while you are existing in this realm/reality, you'll understand the quote. It's not about anything physical/something that you can touch & or FEEL. PEACE LOVE LIFE LIGHT AND HAPPINESS

[@ElleckBuilding]

My bad 8039

[@caseycurtis7497]

I could use some help.

[@PlanwithJohn]

@@caseycurtis7497Jesus loves you. He will help

[@Uriahsgrandma]

Wow.😢 that is incredibly sad. Unbelievable. I’m telling you cold heartedness is on every level unbelievable.

[@joerobaina3893]

Completely agree! Allowing homes (SFR’s) to be used as commodities and investment vehicles is wet cost the last great real estate crash and it is what has ruined the American dream for American families now and our children into the future.

[@Dbb277-2]

Poor lending practices are what caused the last market crash.

[@MaxPower-1000]

​@@Dbb277-2 Exactly right. Legislation mandated lenders to give loans to people who couldn't afford them. Not only did it create excessive risk in the market, but it also drove up prices by artificially increasing money supply. And that just compounded the risk factor.

[@davidheipel2934]

Lending practices was ordered by Obama implemented by Como.

[@TroyR-ls2nd]

Lending practices caused by liberal policies that told vanks they had to lend to risky home buyers from disadvantaged minority groups and other poor people. Banks then bundled all those risky loans into junk bonds and then sold them. If government had stayed out of things and not forced the banks to make those loans the crash would not have happened. ​@Dbb277-2

[@fivebooks8498]

Rich people investing in real estate is not what caused the 2008 crash. It was banks being forced to make mortgages to people who were not credit worthy and a large number of them defaulted. Clinton leaned on the banks and told them if they didn’t make the loans then they would be accused of racism and sexism. So they made the loans and the people defaulted which is why the banks didn’t want to loan it in the first place. Democrats Barney Frank and Chris Dodd started a government program that bought the loans from the banks and then sold them in the stock market as mortgage backed securities. People invested in them for retirement in their 401k and IRA’s. It was completely the fault of democrats. Never let a democrat be in charge of anything or it will be destroyed.

[@FrankieR4440]

"A perverse incentive and a distorted economy". MOST PROFOUND ANALYSIS OF THE ECONOMIC CONDITION.

[@onfeetnation]

we want to be a capitalist society but complain about capitalism. which one is it

[@jaimegarcia-xm3ll]

Nothing wrong with the US economy. Best in the world!!!

[@ghostboy929]

@@jaimegarcia-xm3llhousing cost is absolutely insane and this is one of the reasons why.

[@hOtneO]

Boomers playing keep away with housing on their children and grandchildren, just so they can have long term capital. These people are selfish and don't care if Millennials don't have a place to start a family.

[@Tammy-iz5rz]

@@jaimegarcia-xm3llA corporate based economy is the best, in the world? No, crony capitalism is not the best.

[@lotuslodgespa3167]

FINALLY!! Someone gets it and has the balls to expose it!!

[@annettescroggins3905]

That's exactly true!. They're also investing their money and building numerous high-rise apartment complexes no-one can afford to rent 😢. Very sad

[@margaretwince2748]

Yes, they are empty. The built allot of townhouses too, that no one can afford. How can they afford to just let them sit empty and deteriorate? I pass buy complex being built, bare wood construction, it's been that way for months, no work being done. Someone's made a huge investment and it's just sitting there uncompleted.

[@massdisruption3437]

@@margaretwince2748write offs

[@digitalestatecapital]

Very

[@MW-nr3lg]

Vancouver BC

[@kristahackleylmt2064]

ARIZONA AND CALIFORNIA

[@kevinm5871]

In Toronto if you were to do that you would be subjected to a “Vacant Tax” which is calculated based on the assessed value of the property. You are required to make a annual declaration to the city by a certain deadline date.

[@Mark-if1yu]

@@kevinm5871 that oppressive. We buy a home with our hard earned money and pay massive property taxes. Which in this cases those taxes do not benefit the home owner. That socialism 101 you can keep Canada

[@beth8775]

​@@Mark-if1yuNope, it keeps you from hoarding and thereby oppressing people who want to actually *live* in a house. There's no good reason to just have a vacant house that you never use and won't let anyone else use either.

[@JKinder313]

It's actually a pretty solid idea. If someone owns multiple houses they do not use then they're effectively hoarding homes families could use. (What's the difference between an American owning a dozen houses, pricing the middle class out of homes and a foreign army who seizes a dozen houses in America?) If You do something like this, which is a net negative to our country, then You should owe our country something in return. It's not socialism lol. ​@Mark-if1yu

[@sergente1]

Im glad someone as smart as him started speaking up instead of these influencers talking absolute dribble

[@armandoweckmann5699]

I am not rich, but I paid off my home and vehicles outright since 2020. I feel rich because I work on my terms. I'm not chasing money like a slave. I'm free! I love life now. Let these rich people chase money with greed. When we die, we all go away and leave the money here. I'd rather enjoy my family and freedom while I am alive. To each their own. It's Monday morning, and im enjoying my coffee ☕️ at home. Nice and cozy. 😊

[@crepeitup]

Can you tell me your secret? I want to be like you

[@Simplevida5]

🙌🙌👍👍

[@danielpaoli5895]

Congratulations friend! You’ve beaten the rat race💪🏻🔥 this is the goal everyone should have as an American living in a world where we are largely overworked and underpaid!

[@RedondoBeach2]

@@crepeitup Learn to be happy living below your means and you'll be a wealthy person. If you always want more, you'll never be happy.

[@crepeitup]

@@RedondoBeach2 I just want to enjoy a coffee on a Monday and not work

[@guiseppelatona4429]

In Italy you can’t do that! First house is not taxed and has no property taxes. Second third fourth. Tax up the wazoo!!!!!!

[@soonerdad3]

Well, that means you can still do it, but you will be paying more in taxes. However, if you have the money to buy up so many properties you aren't likely worried about the taxes.

[@scowlingmongrel]

​@@soonerdad3Wrong. It makes a difference.

[@soonerdad3]

@@scowlingmongrel Dude, you cannot stop property owners from selling their property to legal buyers, the only thing the government can do is prevent foreigners from purchasing property.

[@Medivh-SB]

@@soonerdad3they just create 27 companies and put the houses in each one. Not sure if that would work everywhere, every country has different laws

[@Gob-is3sy]

13 million “new” ppl brought over needing affordable homes devoured over 3 years . That’s millions - compared to blkrck has 55k houses in thise portfolio

[@KJFC388]

I’m not rich but I think there’s a little more to it. You have to pay upkeep and taxes, just routine stuff is a pain. I wouldn’t own extra property that I had to watch out for. If I was that rich, I’d settle for stocks and bonds. They don’t leak, catch fire, get burglarized,get blown down by hurricanes

[@brax0789]

This is why your not rich

[@Resilientlyblessed]

Keep something in mind wealthy people have a diverse portfolio not one thing but many things they put their money in. Land is a valuable commodity

[@Amy-hs1qe]

But stocks can decrease in value in a blink of an eye, so your argument doesn't hold water.

[@sagemoonchild333]

Rich people diversify. What this video describes is just ONE WAY the wealthy minimize their tax bill. The hyper rich don't just put their money in stocks and bonds. They own real estate too. Those natural disasters you describe is why insurance exists.

[@slayden633]

Uncle owns a construction company here in the Bay Area, half the houses he does up in the hills (5-10+ million dollar homes) are all empty. Most of the owners are from China and basically do the same just here in the US. We happened to talk to one owner. Literally said it’s way to easy to buy in the US as a foreigner, so he’s just been buying real estate non stop

[@picadosinferno]

Lol hating on foreigners while Blackrock is robbing your future is wild.

[@nhilist5774]

Peter thiel talks about it a bit in zero to one. Chinese businessmen are making more than ever, but their main priority is getting it out of China because of the government

[@drewholley6314]

Damn shame how we have let folks from around the world do what they cannot do in their own country.

[@MoneyMachine-p2w]

It's called democracy 😂 blame yourselves because you elected the government 😂 freedom and equality 😂 bla bla bla

[@shocker-h5j]

Conservatives and neo cons... they are parasites.​@@MoneyMachine-p2w

[@StephenAnderson-l2l]

Thanks for explaining the the broken unfair property system

[@baseddept.supervisor2417]

You missed the point. We have broken, quickly inflating, fiat, Monopoly money. The fed is ultimately to blame and must be ended.

[@troys6965]

In the U.S., more vacant properties exist than there are homeless persons.

[@geoljbaez]

Exactly what’s happening in Puerto Rico right now.

[@chelabuford7106]

That's exactly why the person in charge at the time did nothing. That's the business these people are in. They go around the globe snapping everything up. Land and bank barrons who cares NOTHING for the people except as commodities themselves, to bring them more. Unadulterated GREED. " FOR THE LOVE OF MONEY, IS THE ROOT OF ALL evil." 1 Timothy 6:10

[@ChristopherNeal-z4d]

It’s a giant monopoly game. Once you start to win, it’s over, you won’t. Money makes money

[@jrcarrera9970]

What about property taxes

[@LoopAndReprogram]

You do it for the deductions… depreciation… cost segregations

[@dylanaugenstein5614]

This is word salad and this man is a bot I think

[@nathanbilly7302]

Now it’s a capitalist society where anyone no matter how rich or how poor can make 7+ figures a year. Not saying there aren’t people born rich and get everything handed to them but. 90% of millionaires in the USA didn’t inherit it.

[@Marex115]

Tax deductible if rented out​@@jrcarrera9970

[@stephaniechaffin1154]

I've always felt that their should be a limitation of how many homes an individual can own and you shouldn'tbe able to own land or a business unless you live here and are a citizen. Land is one thing you just can't create and there's only so much of it available so hoarding it shouldn't be allowed.

[@Seriously_Sebastijan]

When i used to do landscaping....we did alot of old time money historical neighborhood houses...they were used as storge basically 😂😢spend literally 60k every season to change the garden around but nobody was ever there 😢

[@JoelUldrych-kh2sc]

I've seen almost that in mansions near Minneapolis when I also helped landscaping. I was only assisting moving a large bush just because rich people move large objects around like we would move a shoebox.

[@DeenanTheKemon1]

I am a landscaper. I mow the lawns of mega mansions and million dollar vacation homes nobody even visits once all year. The vast majority of the lawns I mow all summer are seen by nobody, because the owners never even visit once all season. These vacation homes are three times the size of most people's regular houses, and very very modern and expensive. Cobblestone walkways, in ground pools, in ground hot tubs, tennis courts, gargantuan luxury style fire pits, bus-sized brand new RVs that never even move, lines of 4 wheelers and dirt bikes, classic cars, you name it, they got it, and they don't even live there, these are secondary fun-houses to them. These vacation homes would blow your mind and 1000 new ones pop up every single year here. I make 20 dollars an hour. I was born into poverty. I 100% agree with your statement and I see more of it each and every year. We also do townhouses, old mansions owned by 90 yr Olds who use them as storage units/BBQ hangouts. Inequality is ENTIRELY out of Control. I live in Maine. "Vacation State" = local slaves serving the rich. 🤢 It's time for Fire and Pitchforks.

[@DeenanTheKemon1]

I am a landscaper. I mow the lawns of mega mansions and million dollar vacation homes nobody even visits once all year. The vast majority of the lawns I mow all summer are seen by nobody, because the owners never even visit once all season. These vacation homes are three times the size of most people's regular houses, and very very modern and expensive. Cobblestone walkways, in ground pools, in ground hot tubs, tennis courts, gargantuan luxury style fire pits, bus-sized brand new RVs that never even move, lines of 4 wheelers and dirt bikes, classic cars, you name it, they got it, and they don't even live there, these are secondary fun-houses to them. These vacation homes would blow your mind and 1000 new ones pop up every single year here. I make 20 dollars an hour. I was born into poverty. It's time for Fire and Pitchforks.

[@blackpillfitness9136]

@DeenanTheKemon1 Invite a bunch of homeless people over to the mansion for beers and sandwiches. Then tell them "no one lives here, and no one has been by in a year. Ok have a nice day"

[@LoriWood-su6oc]

​@@DeenanTheKemon1😮 U have 2 give yourself a lucrative raise. That's just not fair. You deserve more than that.😊

[@Sp1der44]

Wow - this gentleman is completely spot on with his statements here. Great stuff. 👍

[@cosmic_doll]

In my neighborhood there is a speculator who bought about 3 dozen or more properties thinking that Eli Lilly would expand in the area and he would sell and make a windfall profit. He lets the properties remain vacant and does minimal upkeep, not even securing them against being broken into and stripped by scrappers. The City finally wouldn’t let him buy any more properties at tax auctions and he retaliated by completely razing a 2 block area just north of my house that had perfectly rehab able and some beautiful historic old homes. He also owns a huge amount of land behind me, part of which he leases to the Indiana Railroad for $50,000 per month.

[@benjaminolsen2381]

Vultures like that need to get reminded of their own mortality more often. The arrogance is wild.

[@GCPCA-p5b]

A TH used to sell for $350K in Boca Raton a few years ago are now $800K. Insane!!

[@trailguy]

I used to work near 441/glades. I miss it sometimes.

[@willdrivesu7914]

I was looking at this house in the dekodas, because it was cheap, around 38k after taxes, that same house now sells for almost 300k. The down payment is more than the house is actually worth.

[@TopVillain]

Homes are not piggy banks they’re assets liabilities. Owning that many homes will cost 100s of thousands in just property taxes every year and up keep.

[@wavesbnice1]

Depreciation

[@rbloch66]

I wonder how the cost of upkeep and property taxes compare to what they would lose by banking their money. Real estate is a hard asset. A bank account is just a numbers game. The dollar amount is no longer backed by gold, so, banking that amount of cash is risky in an unstable economic climate.

[@dchambers986]

@@rbloch66 Anyone with any sense invests that money in a business that will use it to make the company and him more money. It's called investing and it happens in a Capitalist economy. He is right that taxes and regulations create perverse incentives and inefficiencies.

[@regankaldahl8496]

I am not rich but I don't have a problem with the rich spending there money on whatever they want to buy.Just remember the world don't owe you,me or anyone shit in life.If you don't like what they do tuff shit.

[@diavolacciosatanasso]

That makes me pity poor Zelensky.

[@jesse11111]

"Blame the rich, not the corporations buying houses and land."

[@Man-Made-of-wood]

This is the exact reason the Uk housing market is in such a mess. It’s virtually impossible now for anyone below the age of 27 to buy a house in the UK anymore unless you have help from a parent. All because the rich buy the houses for us to rent

[@cruzcustio7472]

You should learn how to get in on the game. Dont wait for governments to change the laws. They're in on it too. Look at Nancy Pelosi. She's raking in money from the stock market. She aint going to be in favor to change laws so she cant make millions every year by trading shares on top of her generous salary and perks.

[@brianlopez8855]

In 1900 95% of us rented our homes, We are headed back there.

[@NUCLEARARMAMENT]

Buy and live in an RV, or rent cheap, work hard and save capital to build a business that makes six or seven figures a year online after 5-10 years. You will be glad you never wasted money on a home that sucks thousands of dollars a month out of your wallet with minimal return. Outside of equity gain and the ability to cash-out refinance the equity, and tax incentives, it's a waste of time to buy a single family home--it's a massive liability that will suck away at least a third or more of your income in maintenance and upkeep and mortgage payments for decades.

[@ShenzhenSpeed996]

China has been doing this for decades.

[@jeanniebruce2053]

I can’t comprehend how theses rich people can sleep at night or live with themselves, when families are struggling to make enough just to keep a roof over their heads, worry about groceries rent gas and health insurance.

[@josiah4955]

THIS SHOULD BE ILLEGAL.

[@1320_ikimasho]

Actually it is illegal in many areas. What he's saying in the video is only partially correct. People just assume that if someone says it on KZbin it's somehow true.

[@anubis8680]

Having money and buying real estate should be illegal?? Don’t hate the player hate the game, even better get in on the game.

[@Skyking6976]

@@1320_ikimashoWhere is it illegal in the US to own more than one home? Shocked to read that…I don’t care either way, just doesn’t seem like pure capitalism to me. I got mine, you get yours, mentality.

[@stephenwalton9646]

Class envy much?

[@robertharper3114]

​@@stephenwalton9646Maybe if cash didn't inflate all the time these rich people could just hold cash without worrying that it will devalue on them and working people could actually afford homes!

[@nathaniellowe1215]

I know a lot of individuals that own multiple houses (some of them to the tune of 10+). Basically none of them buy a house without either renting it or putting it on AirBnB/VRBO/etc. The only people that "don't use a house" are people that use it for one month out of a year for a ski trip, and don't want anyone else living in it for the other 11. Let me stress that is extremely rare, and most people that do that invariably end of switching strategies to a rental or AirBnB within a few years.

[@Wisdomforthehour]

Yes this is a problem. There should be some kind of law to regulate this. My generation are not able to purchase the homes that our parents were able to purchase. That is a common saying for us today.

[@Lifewhisperer]

I understood that with interest rates being so low for so long, the ROI in stocks and bonds was also down so residential properties became investment tools. Glad to finally hear a user friendly term for this practice. Land banking. Sheesh.

[@chelabuford7106]

Yes, and guess who pushed it? It began under Bush removing the Glass Spiegel Act to protect consumers - the American people.

[@flysensi]

I’m not wealthy but bought a nice 2 acre lot in a mountainous desert neighborhood 10 years ago that I knew was going to be developed with homes well above $500k and sure enough every week someone is asking to buy the land. I’ll never sell it.

[@Motto5g]

Michael Jackson Prince used those same futuristic words 😂 They're being patient.. sell

[@AimeeMarsh-m5y]

Smart

[@cillboon]

A problem across the world. Property prices more than they should be making it impossible for young, new buyers to afford. When less than 10% of the world's population own 90% of its finances, yes the system is broken beyond repair.

[@ross2812]

Natalie has very good posture and she asks intelligent questions.

[@OldmanCrypto100]

Could you be more condescending please

[@bearnecessiteespolio5359]

Did you see the guy too? 😂

[@steved7872]

Yeah, I was thinking the same thing,man😉😉😂

[@mellkiades]

She's on her good side. Looks very beautiful from that angle. Not as much from the other angles. This is mean to say, I know, but it's just another example of how the camera manipulates the audience.

[@the_wanderer-03]

She is talking to a billionaire she is trying to make her chest stick out in case he is interested.😂

[@jlee7063]

I know who do this exact same thing here on the west coast, because they don’t want neighbors or anyone above them…

[@bondalemecovillage6738]

Australia is one big housing ponzi scheme

[@touredjacked4167]

It’s disgusting. And, Newsom could do something about it. But he just bought a 9 mil mansion he doesn’t really need.

[@jlee7063]

@ ALL I hear is negative things/news about the Newsome guy, yet somehow he can get 100’s of millions of votes for him and yet never hear anything positive about this guy…? Strange?

[@Amy-hs1qe]

This is happening 1 mile east of me here on the NJ shore - several billionaires now own a large percentage of the entire town. Incredible.

[@Sully8858]

Zero chance of fixing this no matter who’s in office. Rich guys make the rules so they can rule the game.

[@steves1460]

Absolutely right! I’m over in the UK and the elite society has the top echelons of government also shown up. It’s autocracy masquerading as democracy, but you will only ever get so far up the chain.

[@td4531]

*rich people

[@ThePr0t0type2]

Oh there's a way...citizens just don't have the 🏀s to do it

[@jlkkauffman7942]

A way to help mediate this is to not have property taxes on personal residence, and raise taxes on rentals and commercial property.

[@boblaser7385]

That doesn't work either. Doesn't solve the shortage and only inhibits home building. ✌🏽

[@joefunk76]

The problem isn’t that the people in charge don’t know what to do, it’s that they’re incentivized to help the rich at the expense of everyone else.

[@samuelramsey5995]

As real estate developer. I would raise rents or build outside of your limit. Everyone has bank loan on those properties. Raising property tax means I need to make more profit to meet my bank loan contract or they recall my loan.

[@fronemawoj]

Raise taxes on rentals = raise rent payments on renters.

[@jlkkauffman7942]

@@fronemawoj that’s probably the biggest drawback to this, however I would think that it would have the effect of lowering prices because not as many investors are interested, and it would make owning a home more adorable. Also property taxes is probably the worst tax in our country and it needs to go.

[@kimberlyx4060]

Most people cannot afford an estate. However this guy is right at a 100,000 foot view.

[@travisgarrett9398]

A town near me just passed a law that you cannot buy a house unless you plan on living in it. They also passed another law that allows someone to build an ADU(accessory dwelling unit) in their backyard and can sell it to someone else so they can enjoy home ownership.

[@tarbybahbell4086]

Until the houses have more supply than demand. It'll pass another law

[@youaregoingtolovethis]

It's a joke you can't stop the rich. The rich person wiill lie and say they will leave there. Who is going to check and make sure they really are living there? You can't. Sounds good on paper but not practical.

[@Ruk15]

Where is this … what a great idea

[@Jeslik]

I'm not a fan of the ADU's unless they continue to apply minimum allowed land zoning - must be a minimum of so many square feet from the house, from the property line, etc. I've seen some ADU's where its right up on top of the next house. safety and mental health issues there. I want my neighbors far enough I can't hear them.

[@StarTrekNotStarWars]

@@youaregoingtolovethisSounds like you've only ever lived in a packed Metropolitan area where people are coming and going constantly. For many parts of the US that's not true. Neighbors know your business (even if from a distance) and watch their neighborhood, especially in much of the Midwest areas I've lived in. You need to get out and about, friend.

[@DeenanTheKemon1]

I am a landscaper. I mow the lawns of mega mansions and million dollar vacation homes nobody even visits once all year. The vast majority of the lawns I mow all summer are seen by nobody, because the owners never even visit once all season. These vacation homes are three times the size of most people's regular houses, and very very modern and expensive. Cobblestone walkways, in ground pools, in ground hot tubs, tennis courts, gargantuan luxury style fire pits, bus-sized brand new RVs that never even move, lines of 4 wheelers and dirt bikes, classic cars, you name it, they got it, and they don't even live there, these are secondary fun-houses to them. These vacation homes would blow your mind and 1000 new ones pop up every single year here. They aren't just BUYING the nicer homes, theyre also building new ones, which ALSO screws you. I make 20 dollars an hour. I was born into poverty. It's time for Fire and Pitchforks.

[@strikephorce]

Where is this?

[@andreesandahl300]

Start your own landscaping business. You may end up owning one if the properties someday

[@palmyrapalmyra1681]

The guillotine worked in France back in the day.🤢

[@NoName-uz5ry]

Who Do You Think, Has Been Burning The Forests, In The Hollywood Hills.! Lmao. 💫

[@Massshooterstoguantanamobay]

@@andreesandahl300 that’s not the approach. There should be better laws against home hogging / laundering.

[@Seikologist]

This started in Cupertino, CA when the Chinese just bought up entire neighborhoods. Overseas investors were buying houses and American families were getting screwed over.

[@lukejngs]

Pretty crazy seeing my neighborhood pop up in the b roll footage while I’m just randomly scrolling KZbin

[@victorblock3421]

The interviewer is properly dressed. This is how you hook a rich man. It worked a few times on me.........until they found out I have no money.

[@asadm9522]

U call that properly dressed.

[@victorblock3421]

@@asadm9522 What do you suggest?

[@ruud4508]

You got to see the behind of them, at least

[@tupd]

Your poon prolly just stank :(

[@victorblock3421]

@@ruud4508 yes. My pathetic life does have a few moments in the past to make me smile. 🙂

[@alchemybyangela]

There are indeed some absolutely beautiful homes on the Eastern Shore in Maryland. I'm from MD and have driven by all these beautiful homes on my way to the beach for a summer vacation since my childhood. Never thought they might be empty.

[@nopenope7777]

This is a serious issue at all levels. No one wants to lose money since its sern as an investment. So each home has its price raised each sale. After a few times on the market you can see the price balloon well past inflation. This then causes any other sales in the neighborhood yo increase their price. Add in zoning restrictions and not in my back yard folks and you have a housing crissis.

[@williammorris3334]

It’s not some rich dude. It’s Blackrock, Vanguard and other corporations. This needs to be outlawed. Single family homes should reserved for single families. Put a cap on how many homes you can own, especially any business.

[@blakeb9964]

Should be but it will never get through Congress. We're fd.

[@gdskopje]

Bitcoin just began fixing this

[@imanerd36]

It's both.

[@brianlopez8855]

So Larry Fink needs a of space innit.

[@ccarrera951]

The cap is 16 and it will never go down . Only up .

[@cordyceps420]

If property taxes were higher, prices of houses would fall as people can't afford both taxes and morgage. It would also disincentivice rich people from hoarding houses without anyone living in them. The tax revenue could be used to lower income taxes or other taxes that affect the poor/common man.

[@Amy-hs1qe]

Wrong. Come to NJ where property taxes are through the roof (I just sold my house, taxes were considered very reasonable at $22,000 annually) - NJ property values continue to skyrocket with ongoing bidding wars, unlike most of the remainder of the country.

[@howiekim1400]

HAWAII SPOT ON

[@Alex-ir4bm]

👆💯

[@monsieurzuid]

Owning and renting a house to get a return is understandable. What return do you get from BTC if the price goes down/stagnate ?

[@cheezeball6109]

Boomers have done this everywhere this is not just a black rock issue

[@herjitpannu2282]

I know....I know a lot of people that do it. It is their rental property.

[@onfeetnation]

Blackrock, edge fund and private equity groups own less than 2% of the single family homes in America. They are not the reason people cant buy a house. America is driving and eating out their house if that make sense

[@rifleman4005]

@cheezeball6109 Surprise. With interest rates, so low people have to go to real estate or stock market to make money. This drives up the price of assets, which makes the rich richer. Jeff Bezos, thanks you.

[@Mark-if1yu]

@@cheezeball6109 one of the reason this is happening is the global freaks. Investment is global so returns are shrinking real estate with its 3 -6% wasn't so attractive since investors could make 10-15-20% else's were. Next is national debt across the world cash is not a safe thing to have. The greatest reasons are not discussed. Theses are the main reasons driving real estate. Let a couple hot this come and see if there isn't a shift.

[@DeenanTheKemon1]

I know several boomers who own 10+ real estate properties who RELENTLESSLY raise rents on their tenants, they play hot potato with tenants, in and out, switching them around like chess pieces. Renting to single mothers working 2 jobs and then raising their rent by 150% in 3 years until they get evicted. And then they'll turn around and go "young people just don't want to work anymore/young people are financially irresponsible!" As they take their 50th vacation this year, and haven't worked themselves for 5 decades.

[@russ549]

Thats why theres a homeless nightmare. Dont ever think its addiction, mental health, unemployment or that there a housing shortage. Its an empty housing situation.

[@BeautifulDove-i7u]

Bingo

[@tomasmiller]

You can thank Bill Clinton for that. There use to be governmental policy in place that forced the separation of commercial and investment banking. Clinton signed the bill that dismantled that separation and that caused the housing crisis in the mid 2000’s. Skip forward to now and it’s still wreaking havoc by allowing large investment banks to continue with this behavior. Who’s going to step up and make it stop?

[@chefandy-f5z]

The kicker is that many are multiple passport holders, etc.

[@ccarrera951]

of course they are .

[@BeautifulDove-i7u]

Bingo

[@juliefuller4556]

Another issue is if you put your money in a bank, legally it is no longer your money. You are now just another creditor of the bank. So many banks in recent past call in ‘creditors’ money when they collapse.

[@RS-gz6hj]

FDIC

[@Erikpdx]

@@juliefuller4556 its a big difference if you owe the back credit or they owe you money. Get a grip

[@RoyalFlush.PressurePros]

Also accounts for the most irreversible cause of inflation…”more money, less value”-you know

[@cssatkins77]

That's cold blooded, Greed is crazy in a lot of humans

[@sovietsandvich8443]

The real problem is the perpetual inflation that the fed creates. Real estate is so appealing because it’s the best protection from inflation. If we didn’t have constant inflation we’d see a lot more rich people investing in fixed income and equities more

[@rlkinnard]

Equities do better than real estate. Buying the S&P 500 has done better than the real estate market and better than fixed income. Fixed income factos in expected inflation.

[@eddiemalvin]

​@@rlkinnard It really depends on the time period and type of real estate investment you're comparing. You're talking about an average performance on all types of real estate across many decades but people invest in specific real estate for specific time periods and for specific reasons. For example, some Real Estate Investment Trusts, like IVT and St. Joe, have far outperformed the S&P index over the past 5 years. Our investment properties have a total return of over 320% vs. 88% for the S&P during the same period.

[@rlkinnard]

@@eddiemalvin certainly true that each category of investment will have periods of over performance.

[@NUCLEARARMAMENT]

Invest in property to cash-out refinance the equity gain to build businesses that will make six or more figures per year. Turn the properties into datacenters and generate income even without renters there.

[@sovietsandvich8443]

@@rlkinnard fixed income doesn’t fully account for expected inflation when the government holds interest rates at low levels. Also the real estate has higher returns when leverage is used. Real estate is also the best hedge for unexpected inflation possibly besides precious metals. You can be reasonably sure the income you receive will grow with inflation

[@rickmiles5297]

I work everyday 6am till 10pm. Small business owner. My family has a small house. There are 6 of us in a 3 bedroom. I work my ass off to support them. It is sad that even sacrificing all my time and energy I can't get my kids their own room. We have one bathroom for the whole house.

[@dontdoxmebro]

Ask him about tax evasion strategies and cooking books

[@kld70]

You mean, how capital assets like real estate and stocks are prime vehicles for money laundering?

[@le9051]

Similarly my modest neighborhood is mostly rentals scarfed up after the housing crisis of 2008 by a bunch of management companies

[@Nickessful]

Eventually none of it is worth anything because no one has the capacity to buy anymore rendering the disappearance of demand and the loss of all actual value. Value only exists within the context of demand.

[@clavo3352]

Dammit, that actually makes sense.

[@bearnecessiteespolio5359]

There's enough rich dudes buying 27 houses to supply the demand my friend. Add in BlackRock and bill gates and your lack of demand theory is absurd I'm afraid.

[@JohnZornAscended]

Especially if it was bought with Fiat. House ain’t worth shit, neither is a reprobate.

[@kld70]

There will always be a demand for living quarters. And manufacturing a shortage has driven prices up, not down. Your logic mirror trickle down economics. Nonsense.

[@Nickessful]

@@kld70 Interesting perspective worth considering. You're right housing is a basic human need. This is really where the problem lies - it's being treated/used otherwise. My comment is more a critique of wealth inequality and speculative economics. Hoarding resources (like housing) at the top creates systemic inefficiencies and depletes value for the broader population. Unlike trickle-down economics, which presumes shared benefit, I’m trying to underscore the collapse of value when access is restricted. In any case, this topic is definitely worthy of these types of conversations. (edited for spelling)

[@arbentoska1356]

Thats why you are doing the same thing with bitcoin. You are buying all of it so the price goes higher

[@LoveIstheAnswer696]

You can’t compare the need for shelter to digital currency

[@Antioxidanttt]

Bingo. The thing is a high Bitcoin price is not a negative thing. High housing prices are a very bad thing.

[@eddiemalvin]

100% Agree. When you consider the fact that there's a finite amount of Bitcoin but you can add to the housing supply, it becomes even more ironic.

[@eddiemalvin]

​@@LoveIstheAnswer696 You also can't compare the need for shelter to beautiful waterfront mansions either.

[@hejhohaha]

and he continues to buy, even at 97k. that should tell you something.

[@Tiy11]

It’s time we build our own

[@rlkinnard]

i own real estate and i want to rent it to make even more money.

[@margaretwince2748]

Depends on if you can rent it at todays prices. If not, go Airbnb. Do some research first.

[@rlkinnard]

@@margaretwince2748 if you own a lot of units, combining airbnb with standard rents makes sense.

[@jackmiddleton2080]

I don't know how this is cost effective. My friend inherited multiple houses and he just tells me about how they're falling apart with nobody to care for them.

[@gigilaroux762]

They do this in London and the neighborhoods don’t create community or contribute to a local economy because they are never there.

[@TerryGrier]

So how will this be different when the all the rich buy BTC - like the homes - and the poor have none?

[@dexteramaro9697]

You had an opportunity to buy it for cheap

[@seis8522]

You don’t need BTC to live your life. But everyone needs a home.

[@ccarrera951]

F Bitcoin . only used by criminals .

[@mayerproject7697]

You can own a fraction of a Bitcoin. You can't own a fraction of a home to live in.

[@choski76]

Exactly! Same principle. Accumulating all the cyberspace real estate ( digital gold and all his other analogies) he is literally trying to buy it all up. He is the digital equivalent of the eastern shore property owner.

[@Elevatevisiondigital]

Wow Saylor keeps telling like it is!

[@Loki-rascal]

Greedy rich people buying up residential real estate and squeezing out middle class every day people is going to result in the same thing that happened to the CEO of United healthcare. People are beginning to get fed up with this crap.

[@BeautifulDove-i7u]

I agree

[@kawi7676]

I like how he casually throws in unchallenged “facts” like the house would be half as much if rich guy didn’t buy these houses. lol ok do you have any idea the astronomical number of houses that exist in the country vs the infinitesimally small fraction of the population that buys houses in cash and keeps them empty? It’s completely negligible. It wouldn’t even register as a percentage in housing cost.

[@onfeetnation]

yeah this guy talking non sense. And victim mentality people love these kinda analyses

[@choski76]

Yeah, his arguments sound good but are kinda con man arguments

[@massdisruption3437]

If you guys thought it out. You would understand that the entity that is buying these properties in a particular area can keep raising the buyers price. Thus raising the other properties value by default. Example they by 10 houses In one year for 600000zThen comeback the next and buy ten the next year at 800000. Then next year they buy one for 1.3 because it’s hot property area. That’s why the houses would be worth half as much.

[@dochvtech22]

Chuck Missler said one of the worse things you could do is have your house paid off. There are specialist that look through public record to see whose houses are paid off. I bought his book, “Weathering the coming storm.”

[@bhutunga]

This is such an interesting point, shows how broken the system is. BTC and MSTR for the win 🎉

[@PokeCatchemGiveem]

You do realize this guy is doing the same thing with bitcoin but worse because he’s leveraging with debt and selling shares to the stupid/poor who think they’re gonna be rich.

[@mkmstillstackin]

​@@PokeCatchemGiveemobviously neither form of wealth preservation is unlawful as they both operate within the rules of the present system. However, Saylor's option (using fiat debt to buy bitcoin) offers a transition towards a more intelligently designed monetary system for the future betterment of humanity. This may seem absurd on the surface, but there's much more here than meets the eye.

[@bearnecessiteespolio5359]

​@@PokeCatchemGiveemhe IS buying up loads of bitcoin, but it's different because that doesn't stop people affording a home.

[@xardiannon5038]

This is one of the biggest reasons why home prices have skyrocketed. Rich Chinese and Indians from overseas do this as well.

[@MaximilianFischer497]

As the wealthy continue to accumulate real estate, the housing market becomes increasingly unaffordable for the average person. This trend, coupled with inflated prices and stagnant sales, creates a perfect storm for a potential housing market crash. To navigate this challenging landscape and secure a comfortable retirement, I'm seeking strategies to grow a $250,000 investment into a million dollars or more.

[@EvelynBrooks0]

I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.

[@RowanBryson]

I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too

[@TicheDebb0]

I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

[@RowanBryson]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with “Diana Casteel Lynch” for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@MarshalWagner457]

I just checked her out on google and I have sent her an email. I hope she gets back to me soon.

[@karim.mmmmmmm]

That’s nonsense …. There is no shortage of land or construction materials on planet earth … simply build more houses …. Problem is government permits and fees …. If governments allow building more .. there wouldn’t be a problem

[@oyste5369]

They should rent them out so it solves the problem and it makes more money

[@seankennedy4284]

"Broken economy" Because he doesn't like it? It's rich dude's prerogative, how he invests.

[@swites]

Nah he says the rich should put their money into bitcoin, as he reckons its a much better, and easier investment long term(no house to pay someone to upkeep). This will free up more houses for people to buy and live in.

[@blackpillfitness9136]

No, because millions of americans cant afford a home

[@HateDietPepsi]

It's called contrived inflation and dollar depreciation to increase asset values of the rich. Without this economic plan, this wouldn't happen.

[@isaac198428]

All these fancy apartment complexes popping up everywhere are owned by real estate investment companies who only answer to their shareholders. They buy up land on prime locations like abandoned malls or shopping strip then construct luxury apartments charging almost twice the market rate which forces the other existing properties to raise their prices as well. Poor folks have to chance but to rent there since everything else around gets expensive and only affordable homes are miles or hours away in the outskirts of town where daily commuting back and forth would be literally impossible.

[@skysky9115]

This is insane !!! There should be a housing authority that house people in those homes ....not realestate crooks ....

[@Anonymous8317]

Even worse, in the USA not only do huge corporations do this but we let foreign nations buy our farmland, seed research land, etc.

[@sap3055]

Spot on the same is happening in Europe

[@Chingaderia]

Isnt basically what every Average Joe goal is ? To own a house as a piggybank for their retirement ? I don't want the responsabilities of owning a house and all the crazy taxes and repairs associated with that. 😢 Around here in our beautiful Canada, almost retired people are losing their houses because the government keeps rising the taxes to the point they can't live there anymore: it is a taxeviction

[@jmanke6057]

Think that’s why one guy does crypto and metals. Forced savings always good but property is getting less desirable under the last administration EV and new vehicles and spending really raises our cost elsewhere hope we see a return at some point. We need better thought out plans by government or have them step out of the way. Neat ideas but not way they go about them.

[@mikemotorbike4283]

The avg Joe lives in his house, which assures shelter when he retires. Property values unfortunately increasing his taxes means a windfall if he downsizes. He stubbornly remains alone, unable to upkeep of the oversized mansion because he's saving it as a legacy to his great memory for the kids. They'll just flip the property for the land and demo the outdated, decrepit house. They'll drop a cool million into their already well funded portfolio, childhood memories be damned. The time to sell was when his kids had grandkids, when they really needed it. But he didn't give it up because he knows his selfish, infighting, greedy brats would just dump him in a nursing home and ignore him in their busy lives.

[@XhectorX1417]

Whats worse is that builders will focus on the high end homes, because they make significantly more than the construction of affordable average income homes.

[@Terrranfear]

Of course by definition that's the case but you can still make a hefty profit on high volume low margin goods. We have significant barriers to building in the US. In aggregate the landowners which are the homeowners are not comfortable with affordable units. The people that inhabit these units are low to medium income workers, disabled people, people on social programs, families, and young people starting their life. So the proposition to home owners is ... are you okay with poor people moving in and the associated traits of poverty? The resounding answer across the entire US is a resounding no. The local government that was elected in recently near me is now a majority republican. They ran on a platform of no new developments (I'm not joking either).

[@kld70]

The people you describe as ‘poor’ are about 60% of the people in this country. You’ve literally described my working-class neighborhood. And none of us had problems buying homes until REITs became mainstream. Try again.

[@Terrranfear]

@@kld70 I don't think most blame goes to REITs. There is an strong anti-big sentiment right now ... probably impart due to the rebellion against the elites. It's true that Y/Y when you look at investors purchasing SFHs that contributes anywhere from an estimated 10% - 18%. However, scope out a bit and realize that of the current housing stock REITs own anywhere between 1%-3%. In some specific areas that have seen a lot of growth specifically the sunbelt it has affected those markets more. But this doesn't really account for much in the aggregate. An extremely concerning metric is housing starts, housing completes, housing vacancies, housing permits, and then a good one which is housing starts relative to population. After the 07/08 crash housing really never recovered. The picture that is painted is that housing fell off a cliff and never really quite recovered. Additionally, when you look at the housing starts relative to population ... just eyeballing the graph comparing a high in the 1970s to where we are now it's down like 300% relative to that time period. So to conclude my argument, I think the answer is more banal than a greedy corporation buying everything and sucking the money out of the economy. It's really Americans like the character of their neighborhood ... they don't want traffic, they don't want new developments, they want everything to stay the same. This is at the cost of everyone else who isn't part of the big club. If we removed a lot of restrictions residential zoning and slow permitting processes we'd have this problem fixed so fast your head would spin.

[@Terrranfear]

@@kld70 We have a supply demand issue. Your stating that demand is being hogged up by all the REITs. That simply is not true. There's the other 95% of the pie that needs to be examined as a large factor. The stats show that of the 23M rental units roughly 250k - 350k are owned by REITs or institutional investors ... the other rental units are mom and pops. The REITs constitute about 1-3% of the total SFH ownership. In places such as the sunbelt there has been a larger contribution in terms of rental purchases by these companies. But these stats are really peanuts. Take a look at the Fred stats. A good one is building starts relative to population growth. Just eyeballing the graph we're down something like 300% since the 70s. Additionally, you have housing inventory which has trended downwards, building starts, permits, completions all showing a direct of less building. Policy makers have absolutely commented on this which has to do with the zoning and permitting process. Ask anyone that has new development around them what they think about. They'll say it'll change the character of the neighborhood, they'll be more traffic, the schools can't handle it, we're going to go broke. For whatever reason Americans aren't happy and they're blaming the rich and famous for their issues. The people they really should be blaming is themselves. The reason we're struggling is because of every single homeowner in aggregate votes their interest which is to have very slow building or no building at all.

[@timconvery2469]

Who's the interviewer? She's the best part of the short. Gorgeous ❤

[@kellybartok50]

I thank God if I can eat today , it’s getting really bad here in Canada 🇨🇦

[@Clintsessentials]

And here in the USA.

[@ComicalCowboy1911]

They want their money to be in assets, not cash.

[@beth8775]

That's why we need Vacancy Taxes here! And ban corporations from buying residential real estate altogether.

[@Catchmyvib2]

Right ! And those investors along with the stock market, deliberately manipulated the cost of housing in order to inflate their own wealth. As well as manipulate the stock market.. The same thing is done with food, and the cost of vehicles .

[@dubbs-79]

Wealthy people in CT have been doing this for years. Now, CT has a huge housing affordability problem.

[@marcinman9693]

Property taxes and insurance and maintenance costs make it a bad investment unless you buy it low and the market is favorable.