The TRUTH BEHIND WHO IS BUYING ALL THE HOUSES...

[@MichaelBordenaro]

FAST FOOD TROUBLE! Even McDonalds IS SUFFERING! kzbin.info/www/bejne/eaq8emiCrNmefMU

[@johnjaco5544]

Good,,,,, it's just poison anyway.

[@mspsys]

It's not mom & pop investors you are seeing in the chart. My brother owns & operates the largest real estate company in Colorado & in recent years, he has been purchasing many residential properties in Tennessee as well. He owns many corporations that each own small number of properties. Many smart & nimble investors do this primarily for liability & tax reasons. I am surprised that youtuber like you have no clue how real estate investment actually works.

[@Mikefngarage]

Yea Like I said to you Mike in the Email. The housing shortage was triggered by the pandemic with all the low rates. They got cash out and lowered their payment with 100k of cash in their pockets.....Most of them purchased Air b and B rentals and those houses are mostly vacant with a very low payment. Easily made with a occasional rental. Those houses would normally be occupied monthly but now they are empty. Housing shortage all happened within a few months. Then rents skyrocketed.

[@benton-benton]

yes would like to see video about what you mentioned please. good idea, thx michael

[@SirCarlosMusicBMI]

That was a great video 👍👍👍

[@lisalamphier1410]

When i bought my home, most of the houses on my street were owner occupied. Thirty two years later, the vast majority are corporate owned rentals charging outrageous rents. I don't live in a trendy neighborhood. This is a working class neighborhood in a small city. People are now combining households to afford the rent.

[@davisholman8149]

Two of my 3 children own their homes. I am hoping the third will be able to at least purchase a condo in the next few years. If not - I may need to leave him my house in my will!😵‍💫. Arizona🌵is still outrageous & homes sell within days.

[@LiveNowBeFree2]

​@@davisholman8149God bless you for actually thinking of leaving something for your offspring!

[@drscopeify]

How do you know its corporate and not just mom and pop investors? If you look at your county or city GIS, you can google it like "County name" GIS and you will find a map with all the properties in the county or city and in many cases you can see the owner's name and you can see if it is a company or just a private mom and pop investor. In most cases for private homes it is just mom and pop investors, people who go around buying up homes to invest, I know many people who own multiple homes just small time investors there are millions of them. Corporate home buyers mostly look for leasing buildings, new developments and not old single family homes.

[@mrwilliamwonder]

@@davisholman8149 I think it's because the girls are hot there. It always seems to boil down to that.

[@LWRC]

I seriously doubt that! Corporate buyers are not going to mess with single family homes - it is too inefficient for them to be profitable! They may buy apartment complexes but not single family homes!!!

[@chrisg0374]

My neighbor sold her home and the best offer came from an investment firm but she chose to sell it to a military family instead so sellers don't have to sell to investors.

[@erniegutierrez2288]

Good for her and good for that family.... unfortunately thats not the case down here in San Diego. In my condo complex, investors are offering 40K above asking price then "fixing them up" then charging 2700 rent for a 2bed 1.5 bath.

[@marblox9300]

Military Family.??? Are they safe to live next to.???

[@chrisg0374]

@@marblox9300 I guess I will find out

[@SilverSunPublishing]

@@marblox9300 why wouldn't they be?

[@bogdan78pop]

@@SilverSunPublishing PTSD, maybe...???

[@nicolasbenson009]

fear a housing crash due to people buying homes above asking prices with little equity. If prices drop, affordability and potential foreclosures may arise, worsened by future layoffs and rising living costs. I want to invest more than $300k, but I'm not sure on how to mitigate risk.

[@Michaelparker12]

Consider reallocating from real estate to other reliable investments like stock, crypto or precious metals . Severe recessions offer market buying opportunities with caution, as volatility can yield short-term trading prospects. Not financial advice, but it may be wise to invest, as cash isn't ideal in this period.

[@tatianastarcic]

It's often true that people underestimate the importance of financial advisors until they feel the negative effects of emotional decision-making. I remember a few summers ago, after a tough divorce, when I needed a boost for my struggling business. I researched and found a licensed advisor who diligently helped grow my reserves despite inflation. Consequently, my reserves increased from $275k to around $750k.

[@berniceburgos-]

That's fascinating. How can I contact your Asset-coach as my portfolio is dwindling?

[@tatianastarcic]

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Melissa Terri Swayne” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@BridgetMiller-]

I just looked her up on the internet and found her webpage with her credentials. I wrote her a outlining my financial objectives and planned a call with her.

[@cynthiawylie3584]

Never forget, a government big enough to give you anything you want is big enough to take everything you have.

[@barnabusdoyle4930]

How small does a government have to be to not be able to take everything away from you? They would have to not exist. Government has a monopoly on violence and with that they control everything.

[@ByDesign333]

Ben Franklin or Tom Jefferson?

[@OilTrading]

They tell everyone but nobody wants to listen or believe......All Gentiles on planet Earth are going to own nothing and be happy.....I'm not sure what part about owning nothing everyone doesn't seem to understand. Prices are going up so that nobody can own anything. Those that do own there is a plan for them to take what they own as well....

[@luckyrockmore2796]

Also, government cannot give to one group without taking away from another

[@reubenmorris487]

@@luckyrockmore2796 They take from the future workers to give current billionaires their tax breaks...got it.

[@mikeshafer]

I try to avoid Airbnbs nowadays. Just as expensive as hotels, cleaning fees can but upwards of $500, and just not as nice as a hotel !

[@jrighteous1984]

I'm my experience Airbnb are still cheaper than hotels when traveling with the family , we travel a ton literally like 10 to 12 trips a year and we can only stay in a hotel when it's just me and my wife, if we take the whole family we need an Airbnb

[@nogames8982]

In my town they had to put a limit on how many Airbnb’s there could be, because so many people were buying up the small affordable houses and using them as Airbnb.

[@danettewelborn5577]

But what is wrong with that? Puts someone in a home and keeps it occupied, less chance of vandalism, etc

[@katydid2877]

@@danettewelborn5577 Doesn’t guarantee it’s occupied all the time, and a tourist can trash your house as easy as a stranger.

[@jamesgullo8240]

@@danettewelborn5577 Less vandalism? Dont forget some of the Air BNB Renters ARE the vandalizers.

[@blackworldtraveler3711]

@@danettewelborn5577 Short term renting like Airbnb isn’t good for the neighborhood.

[@marblox9300]

Investors are scumbags and so are renters. Owner Occupied makes for a more stable neighborhood.

[@emzywillrich7243]

Michael, my insurance agent said she could not reduce my homeowners insurance cost because a lot of insurance companies are not writing new policies for fire coverage and are increasing their rates by up to 50%. She said the same thing is going on with auto insurance. So, the collapse begins.

[@Horatio1886build]

And it is small guys, please no more government intervention, don’t get involved in limiting what people do with their money and private property. Do want retired people to not be able to have a retirement by investing in our own communities? Don’t be stupid populist economics illiterates that caused this problem. There is a market that limits how much us so called “ greedy” landlord can charge and it is not getting anybody rich overnight- takes years and there is risk. And some of your Atlanta stats are Cherri picked.

[@OilTrading]

@@Horatio1886build Yes they do want that.....I think you should study Germany prior to WW2, this is what's happening to the USA right now....

[@aliengreen2364]

@@Horatio1886buildAw that’s cute. Someone’s panicking. I don’t care how it’s done. Even if it makes family homes a crap investment for retirees,I don’t think any sane,rational person would care about that. You clearly have no idea what you’re talking about. We need homes to be more affordable for the average person. Regulation is the only way to achieve that. Tell me another if you disagree.

[@lauries608]

@@aliengreen2364 you will see how cute it is when you can't leave your neighborhood without permission. You will find out the hard way how "cute" it is.

[@aliengreen2364]

@@lauries608 That’s not what we’re talking about here. Being hyperbolic doesn’t help your argument. That’s not what it would take for the average working class family to be able to afford a home.

[@johngarcia6876]

Investors buying up houses has ruined our neighborhood. Small or large investor doesn't matter. The renters of these properties are not interested in building up good neoghborhoods.

[@marblox9300]

All real estate housing should be Owner Occupied by law.

[@marblox9300]

Investors are scumbags and renters don't care about the properties.

[@OilTrading]

They are God's Chosen People......Now you're saying you're Antisemetic?

[@redtiger7268]

@@marblox9300 You do realize if that happened than entire neighborhoods would become slums. Condos would be near non-existent because most people that live in in those in the major cities are sharing the unit with a roommate. The renter does not make enough to even keep up with maintenance. You area also locking people into where they live. Those people who live to move and experience new neighborhoods would not be able to do so. What about moving out of state? That would only be possible for the ultra rich. Your statement is based on your emotion and not very well thought out.

[@inveritategloria]

​@@OilTradingYou just made my day!❤

[@marklinnell7167]

We have a mall that is constantly having utilities shut off because the corporation that owns it is not paying on time. I feel very sorry for the businesses that are located there.

[@clairelivefreeordie2551]

Interesting...what part of the country? I'd never heard this before...

[@R0CKtheR3D]

Same here. Local mall thats been around near me forever in PA is dead and the investment firm wont give it up. They were given a while to pay the local govt what they owed, and waited until the last possible moment to pay.

[@BohemianLifer]

Why are they still paying lease or rent, the contract has been broken.

[@tizzx4945]

Another factor what makes housing less affordable is, that all these Developers are tearing down the old condos and building massive high rises that nobody can afford.

[@hvaball150]

What percent of America are you talking about. 0.00001%?

[@FooFan-b3k]

Someone can afford them or they wouldn't be building them. YOU are not everyone.

[@winniethepoohandeeyore2]

Yet they are being bought, being rented.

[@drscopeify]

In this country condos are a luxury becasue the cost of build large buildings is expensive, if you want cheap housing it will have to be made out of wood as wood is the cheapest building product. 3 floors high apartment buildings are as cheap as it gets, after that comes townhomes or duplexes and then single family homes .... only after all of that come the cement and steel large condo and apartment towers, they are a luxury

[@shaunpearce6846]

Yes. I work with developers. It's very popular right now to build 'luxury' (pushes the price up) massive (300-800 units) 'build-to-rent' (asset). Many are not interested in building homes for ownership. Most only care about maximizing ROI's. If they could, they'd charge us rent for living in cardboard boxes. The only thing stopping them is the city and architectural institutions that regulate the standards.

[@jr9655]

No, we have been trying to buy a couple of years now. My credit score is over 790 and my dti is under 40%. We go to look at a house for 205k. Well, an investor went and bid that property up to 285k. And a few months later it was on the rental market for $2600 per month. And this has happened time and time again. And due to frustration, we stopped looking for a year. And now we are back at 7.6% interest rates and it is still happening. And I never benefited from covid. I had a so-called essential job. I never stopped working once. I never collected the unemployment. And here I am being impacted the same as everyone else.

[@1969bones69]

I feel your pain mate. Been in the market looking for a long time. Never ending bs.

[@jr9655]

@@1969bones69 I appreciate it. We even tried for a condo on the golf course. We lost there as well. It had an hoa, but we lost out to a guy that owns 50% of the units in that community.

[@dsj9831]

Give it time. Investors are having a hard time renting homes and are lowering prices and still can't rent them out. Many investor homes will be up for sale before long.

[@keralee]

Buy land and build your own home for 1/5 what contractors charge. Its NOT rocket science. Or go modular and have a SIP kit put up. Either way start small and keep it simple, you learn as you go and can add on mkre space later. Which is why modulR design is nice.

[@tlindsay1007]

​@@dsj9831That's true. They have to pay the higher taxes and insurance, too. And keeping a rental property up is also a lot more expensive since COVID. I think we'll see more rental properties for sale, in the near future.

[@williamkhsu4]

South Carolina addresses this by differing property tax rates. Investment and Second homes are mostly 3x more than owner occupied. I think that's sensible.

[@mangodiet801]

makes sense

[@jer1776]

Id like to see some studies on the results of this. Hopefully they arent just pushing the taxes onto the renters..

[@onethousandtwonortheast8848]

How in the hell are regular people who are trying to get ahead supposed to make money if that is the case?

[@laurajane4806]

They are.

[@sct4040]

That means rental prices are high.

[@ic33sn0wman]

I'm an early 30s man who grew up not poor but lower middle class. I did not learn financially litterecy because my parents didn't know. Real estate investing was wha at pulled my family from barely getting by to having sizeable breathing room. It is one of the last bastions for the average person to make it in this country. I don't believe in taking that away from the everyday person.

[@quantumquestions5849]

It's because HOA wants to be the only bully in the neighborhood and charge you for it. I wouldn't be able to do HOA I refuse. Good video Thank you.

[@adamsnelson4689]

HOA = Karen paradise

[@khatdubell]

The house mafia.

[@thomasallen6980]

Ok, why are you here? Just to whine about HOA's that will never control you? You want a round of applause or something?

[@adamsnelson4689]

@@thomasallen6980 ~ power trip much

[@palmettocynic8482]

Then don't live there. HOAs prevent your hillbilly neighbor from setting up an outdoor dog kennel and goat pen in their back yard....you know, the one you share with them.

[@Nobody-w8n4s]

I’m new here, I like how you both praise and tear down both parties where it applies.

[@cjhoward409]

We live on many acres out in the country. No HOAs. Low taxes. It’s fabulous 😊

[@Here4TheHeckOfIt]

Sounds nice but unrealistic for a lot of people

[@breadnaut3087]

Get corporations out of real estate. Period. That will fix the entire national market. They are holding millions of homes from the market.

[@Pfsif]

AND Health Care.

[@Deploracle]

The graph at the start of this video appears to show a different view.

[@kosh9639]

Corporations buying residential real estate is Not the Problem... It's just there is a single family real estate shortage.. The best one could ask of the government is to suspend buying of residential housing-- until, there is 15% surplus of homes overall.. Or they can only invest in new construction single family homes. Also Republicans are opposed to any sort of government building of homes because they want to control the supply of single family homes.. (Which, makes their properties work more, at any given time.. and Gov. Housing Development actually Saves Tax-payers Money, in the long run.)

[@IronCavalier]

@@kosh9639 Republicans are apposed to building government housing because that isn't the government's job. It, like all programs, keeps people in servitude. Which the other Party has been doing since 1828. Spending money doesn't save money. Many of those housing projects are dumps, neglected, and abandoned. 🙄

[@marblox9300]

@@kosh9639 All real estate housing should be Owner Occupied by law.

[@lindylou3519]

When my mother died I chose to sell her house to a senior lady who was trying to move closer to her instead of 2 corporate guys. The real estate agent who represented the senior lady I sold mom’s house to had a huge bouquet of flowers for me at closing. 😊 It was my pleasure.

[@brianmatthews4149]

Nice!

[@borlanderobertson5666]

200k is closing quickly. Congratulations on the growth 🎉❤

[@MichaelBordenaro]

Yeah, we're almost there!!

[@patrashdigger]

Instead, the government shouldn't allow non citizens to buy property in the United States

[@Pfsif]

It's very difficult for Americans to buy properties overseas.

[@sarikagoode1505]

@@PfsifIt’s not.

[@charmingbeautytv4712]

@@Pfsifnot really, Dominican Rep( punta cana) is full of American people.

[@Skepticismistheway]

​@@charmingbeautytv4712I'm assuming they are referring to countries that are equal to the U.S. i.e. 1st world... Most do not allow non citizens to own land

[@andyhughes1776]

​@@SkepticismisthewayThat is why they don't have nearly as many homeless people as we do in America. They protect their citizens!

[@JungleBook805]

Like I've said in the past about buying real estate: ban large investors, ban corporations, ban anyone who is not a citizen and does not live in the US for all 12 months, limit small investors to a max of 4 properties, and ban short term rentals (nobody signed up to live next to a hotel).

[@faerydae29]

I agree with everything you said minus the “not a citizen”. I’m from Brazil and moving here with family when I was 10yrs old for the American dream. For a long time my family were permanent residents (my dad was sponsored by a company) before we became citizens. If you say citizens only then my parents wouldn’t have been able to buy the condo that I grew up in. So again I agree with everything you said just please be kinder to some immigrants. I understand Chinese, Russians, Indians are buying up everything so I understand wanting to limit them but please don’t put everyone in the same bucket.

[@JungleBook805]

@@faerydae29 good point. Maybe change that to legal citizens who are here permanently and live in the US for 12 months and have proof of a job

[@theboringchannel2027]

SOunds like you don't own a home, and likely never will.

[@seaneendelong8065]

Boring - and THAT is where you fail reality hard: I own, mortgage free now, and since at least 2008 have had these concerns and thoughts on restricting ownership pretty much exactly as OC spelled out. It is BLATANT where the problems not just currently lie, but have been building for a long time. And quite a few safe homeowners are also aware and have the same views. Oh, and OP is deflecting hardcore: Those "small investors" with 15 etc owned ARE CORPORATIONS IN LAW 90% OF THE TIME. For tax purposes, to protect their personal finances/wealth, for legal buffer. So he is seemingly deliberately obfuscating what is happening. Ask why....

[@marblox9300]

MAX - 2 Propeties. One permanent and one summer. Or if you want to rent your second but no more.

[@fredk9999]

Thank you to our host for this important outdoor walk-around segment. Always anticipate your presentations and always learn.

[@alexfarid5144]

In Georgia where i live , i get several calls a day and letters in the mail from investors who wanna buy my house , maybe in Atlanta and Metropolitan area , i don't know about other cities or states so it proves that lots of investors are buying the houses . Yes , the government must get involved before corporations create monopoly in Real Estate market . We are already overpaying skyrocketing insurance premiums for the cars and houses due to incompetent and corrupt insurance commissioners and politicians who cannot stop corporations monopoly . Everything has become monopolized .

[@SunAtlantic-pg9vn]

yes - would absolutely love to hear about your experience in the monthly rentals and any issues. Completely agree that you need to experience an area before moving there.

[@FrankRizzo557]

Thanks for saying these interest rates are "normal". I'm a bit older and remember 10+% mortgage rates. I was thrilled when they dropped to 7 or 8 percent. And yes 7% or so was normal.

[@JawlessEel]

In Texas and I am all for not allowing a person to turn a residential neighborhood into a commercial endeavor.

[@markritacco270]

Corporations>>Politicians>>Bribery >> Lobbying>>Donations>>>>same thing, different names...keep the slaves in line and CONTROLLED.

[@CraftEccentricity]

BlackRock CEO is Biden's right hand man!

[@markritacco270]

@@CraftEccentricity Yes...Fink used to lavish behind the scenes like the Wizard of Oz, but lately, he has come out into the sunlight (surprising since he is a vampire)

[@supasuprodchinda1350]

@@CraftEccentricitythe ceo is a new.

[@markritacco270]

@@supasuprodchinda1350 Laurence (Larry) D. Fink is Founder, Chairman and Chief Executive Officer of BlackRock. Did you mean someone else?

[@shon7425]

Facts

[@1FXC]

Every time the Govt gets involved in anything things get worse. So NO to govt intervention/destruction.

[@tlindsay1007]

I agree. Government intervention is rarely helpful, and usually makes things worse for everyone.. however, I also don't like the big Corps buying up a bunch of homes, so maybe taxing them extra would be a good thing.

[@nichapawine6705]

I agree

[@Unhinged29]

The most dangerous words in the English language are "hi I'm from the government and I'm here to help".

[@cjhoward409]

@@tlindsay1007 It’s a free country. Go make your own Corp and buy some land. Start small and work up from there. 😜

[@andgray]

Start with the military please. Make it private. Then get rid of medicare. Don't forget to make roads and rail all private. Then will you have the best system in the world?

[@1CCCP]

YES! Report on the ABB problems, which are massive on so many levels including, for example, Sedona, AZ, which has been crushed by short-term rentals.

[@rabidgoon]

It’s me guys, sorry. I just can’t stop. I am using a credit card.

[@AssetAddict]

I bought 3 SF and 2 commercial this year. Maybe it's me.

[@theslugg]

@@AssetAddict woah bro dont gotta flex on the poors

[@chrisweidner4768]

Indeed.

[@thomasallen6980]

Yeah, We took Trumps credit card away from him. No more Government workers flying thousands of miles to put money in Donna's pockets at his golf motel up on the Arctic Circle.

[@Gokutrump]

@@AssetAddictwhere on Minecraft?

[@Tonymanero1960]

I have been following Michael since his channel was small enough that he answered most comments personally. Nice to see that his subscriber count keeps going up and up. Who remembers when he went back home to Illinois to interview his parents,....and show you where he grew up.??

[@RasiRobi]

And making all those videos from his apartment 😊

[@Prophezora]

That's actually a really good come up story! Love it!

[@gregdean8441]

And when he got to 1000 subscribers on his birthday .

[@rokyericksonroks]

Bordenaro has done a hell of a job getting this message out there.

[@nickfdsasdf6540]

I found him early on when researching moving to FL. Been here over a year and still kinda miss the moving to FL videos he started doing.

[@winniethepoohandeeyore2]

When we were home shopping, we made sure it WASNT in an HOA. told the lender i'll live in a tent first. Also a lot of the homes being built are build to rent not build to own.

[@thomasallen6980]

If you don't want to follow rules designed to extract higher property values at sale, find somewhere else to buy. It's just that easy.

[@winniethepoohandeeyore2]

@@thomasallen6980 I bought my home 3 years ago and quite happy. AND bought at 2.875% AND we overpay the principal every single month.. AND My home had doubled in value since we purchased. Live in an HOA. never!

[@winniethepoohandeeyore2]

@@thomasallen6980 I bought my home three years ago and quite happy in my NON HOA area. My home has ALSO doubled in value since we bought. TF outta here.

[@shanenice5380]

​@winnieu leaving thepoohandeeyore2

[@southrichmondtofl]

@@thomasallen6980 Exactly!!!

[@tonic4342]

I'v been looking daily for something affordable for 2 years now. And now running into landlords that want 8x/ amt of the rent. Absolutely ridiculous.

[@kbbb4227]

HOA’s are the biggest nightmare most homeowners will ever have. I pray the courts intervene and eventually do away with HOA’s.

[@tlindsay1007]

If people were considerate of their neighbors, HOA rules wouldn't be necessary. But, most people today think only of themselves.

[@DavidMartin-hv3mn]

Small investors is right. Michael property in our neighborhood. Sold By remax, real astate. for 219.000 to a flipper. Within 10 days he resold the property for 299.000 Now the lady that bought that has a Cute little dog but did she not do her homework? That's a $70.000 increase. the lady should have Bought From the person who sold it for 219.000 Neighbors don't like it because it forces their real estate tax to go up. But the flipper doesn't care he's out of the area. He made his money.🤔

[@artoriaspendragon8880]

The fact about taxes going up for the other houses is not the fault of the investor is the politicians that with their greed they force their tax hike on the people but the taxes of the houses should not move from the same amount that the owner bought it for.

[@xyz987123abc]

Tax it and it will stop.

[@OilTrading]

@@xyz987123abc You people that want to tax everything are the problem.....I'm 56 years old and never paid any taxes in my life and I'm a very wealthy....You can take your tax and shove it......

[@roberthines4882]

I BUY SMASHED HOUSES THAT NOBODY WANTS!!!

[@redtiger7268]

How much did he put into the unit to flip it? $50k? would she have put $50k worth of work into it? Probably not, most people want a finished product and do not want to buy a fixer. I sold real estate for 20 years. Very few people are willing to buy something that needs any form of work.

[@thejimd]

Mom and Pop out here owning 9 homes, while there's millions of us who can't even buy one. smh

[@katydid2877]

Maybe they bought them many years ago. Or they’re in less expensive areas.

[@reaccionapuertorico]

They buy cheap homes and then rent out to section 8/veterans

[@blackworldtraveler3711]

Always been that way but people keep screaming Blackrock.

[@dickeysgarage]

Funnier still, Blackrock owns zero houses.

[@mrwilliamwonder]

I got 2 just for myself.

[@SirCarlosMusicBMI]

🎉🎉🎉 Thank you Sir for covering this topic. The first question has been on my mind for a while now. You still shock me by how you come up with new content every day. Blessings,Carlos ✝️🙏❤️😊🇺🇸

[@edwardsanchez3708]

My cats just started charging me for them creepily watching me while I sleep. They said times are getting hard out here

[@jamesgullo8240]

😅

[@SometimesYouNeed]

still: no HOA thanks. power trips are hard to deal with

[@quantumquestions5849]

Exactly

[@Prophezora]

True. Karen is worse than a slum lord. Lol

[@thomasallen6980]

If you dont want to live under an HOA, find a house that is not in an HOA. How freaking tough is that? You ever get sick of all the whining on here? I do.

[@SometimesYouNeed]

@@thomasallen6980 you are a wise man

[@jamescares9003]

I live in a paid for 300k house. My HOA is only $25/mo. At this price point I’m glad for the HOA. Otherwise you would get some wacko neighbors with cars on blocks and trash everywhere

[@vinniephillips452]

When trying to bid on a house it’s hard to compete with cash buying, corporate thugs.

[@blackworldtraveler3711]

In 2008 I slammed down cash and $20k extra to knock everyone out of my way paying $240k for a newly renovated $560k short sale. Cash was king back then and I’m no corporation or a thug. Just a regular guy with a great career that worked saving/investing since 14 and lived within means with zero debt waiting for opportunity in my 30s. I wasn't buying new cars,large homes,keeping up with the Joneses with FOMO,YOLO,etc. Also red piled. Avoided marriage and single mothers.

[@erniegutierrez2288]

@@blackworldtraveler3711 You had 240K cash?!?!?!? dang! must be nice. How long did it take you to work for and save that money?

[@marblox9300]

@@erniegutierrez2288 He inherited it.

[@erniegutierrez2288]

@@marblox9300 haaaaaa his daddy gave it to him along with a red beemer

[@markme4]

​@@blackworldtraveler3711 You ain't got no kids do you Mr traveler ?

[@light1908]

Whenever the state gets involved in the private sector it’s bound to screw everything up.

[@erniegutierrez2288]

You realize "the state" is being bought by the private sector right? Just look at campaign donations. You think theyre just giving politicians money because theyre generous?

[@charlesmitchell5841]

A home should not be a commodity. You should have to live in the home that you own. That would solve a lot of problems. Greed is a terrible thing.

[@FooFan-b3k]

Waa Waa Waa. I own 21 single family homes and believe me you wouldn't have bought a single one of them because they were all in need of major rehabs when I bought them. Now, thanks to me, they are nice and provide great places for people to live. What have you done to make the world better?

[@francismarion6400]

Companies build 99% of the homes though. lol

[@captng]

Even if second homes were for sale. Most people still would not have the down nor credit rating. Point is it's still cheaper to rent than to own.

[@rabidgoon]

@@FooFan-b3kit’s funny that you believe you’re “making the world better”. I mean, do what you want. But don’t kid yourself that you’re some kind of a hero to mankind.

[@texdevildog9174]

So no rentals? Where will people live that don't own property?

[@robertlehouillier5497]

Throughout American history crime and political corruption has been an enormous problem adding an enormous cost to our standard of living. I'm hopeful that technology will finally bring it down to a acceptable level.

[@kittycorraler2705]

Yes, we need to put public funds on a block chain so everyone can see where the money is going. If they can do it for crypto, it should be done for many more things to keep people and corporations accountable.

[@marblox9300]

@@kittycorraler2705 Where are all the proceeds for all the lotteries and casinos going.??? Nobody talks about it but the schools still are always broke.

[@marblox9300]

@@kittycorraler2705 When are told we NEED new sports stadiums because they generate so much revenue. So where is that money going as the schools are always broke needing higher taxes.

[@kittycorraler2705]

@@marblox9300 the $ is going to the administration

[@marblox9300]

@@kittycorraler2705 What administration.???

[@jimmyamico4713]

Excellent video Michael; JUST DO IT❤…(keep telling the truth)…🙏☮️🇺🇸🇮🇹

[@s99614]

The rent is too damn high!

[@LastManStanding777]

Property tax and insurance and repair costs are too damn high as well.

[@Prophezora]

It's rich people.

[@christianverve5417]

The smaller investors that only own a few properties and rent them are just as greedy as the corporate owners. No discount in rent no help with problems

[@toddygallent7258]

no discount in maintenance, taxes, mortgage rates.

[@christianverve5417]

@@toddygallent7258 all that should be covered in the high rent

[@dianamew]

Agree.. the ones in my town are greedy as hell. Just a small handful of people own most of the rental houses.

[@tlindsay1007]

What do you mean by "greedy?"

[@r.dennison5042]

They have bills to pay too duh. I don’t get a discount on my taxes and insurance because I go cry about it. This is America. Where if you get off your ass you can be wealthy. My plan is to buy up property when it crashes to rent out because that’s how I plan on retiring. You can rely on social security or your 401k from your employer, but this is my route. And if I as an investor should be penalized, then you can penalized too for buying stock in a company in your 401k and charge you 10% an investor fee. Everyone wants to just complain when someone has more stuff than them. Go to North Korea where you all will be the same .

[@CabinGirl57]

I have title run reports in farm areas Corporate is not the issue I support small investors Foreign investors buying and outbidding our first time home buyers I have a problem

[@housingrevolution2024]

I've been talking about this for years. My housing plan, the Affordable Housing Forever Act, bans small investors along with the big corporations.

[@greendesertgoddess]

In the metro Atlanta area, 19k homes are owned by 3 corporations. according to a segment on a local Atlanta news source. Its higher in Atlanta than anywhere else.

[@JosephMcEntee99]

In the midst of today's housing market surge, driven by low mortgage rates and limited housing availability, intense competition and higher prices are now typical. The pandemic has also played a role, as people desire larger and more revitalizing living spaces, fueling strong demand. However, experts foresee a possible slowdown as mortgage rates increase and government foreclosure protections come to an end. Despite this, the market remains vibrant, presenting hopeful opportunities for buyers and sellers alike.

[@ryan_dylan6650]

Something I've learned from my first bear market: You don't have to outperform, just survive. If you can survive and let your competitors blow up you'll be the only one left and in a better position than before.

[@leonardives1991]

Building a good financial-portfolio is more complex so I would recommend vou seek professional support. This way you can get strategies designed to address your unique long-term goals and financial dreams.

[@luigijohson6732]

Glad to have stumbled on this conversation. Please can you leave the info of your investment-advisor here? I'm in dire need for one.

[@leonardives1991]

Jennafer Beaver Turner is the licensed expert I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment.

[@luigijohson6732]

thank you for sharing your insights Your point was incredibly useful and has provided me with valuable perspective on the matter, i will make my research.

[@ashishpatel350]

dont eliminate people from buying and renting. but force those buyers into commercial loans that are a variable rate loans and commercial insurance. and dont allow single family homes to be put into llc's or corporations.

[@Falconlibrary]

I've been looking for a decent house I could afford (paying in cash) since I retired in 2021. After three years, I gave up and rented a nice house in a small town. I'm banking my cash in a high yield savings account. I live in a small town in Kansas. 40% of the 1100 houses in town are rentals, owned by five individuals (actually their LLCs). They're "mom and pop" landlords, just as Michael said. The house I'm renting would sell if it went on the market, but the owners bought it when houses were dirt cheap and they're making a huge profit by renting it. The "mom and pop" investors I've talked to have all told me the same thing: when the housing market crashes, they're going to scoop up everything in sight.

[@dickeysgarage]

This is the way.

[@marblox9300]

All real estate housing should be Owner Occupied by law.

[@justaviewer111]

DEFINITELY do an AirBnb video! I live in a lakefront area and WAY TOO MANY homes are going to one of these outfits (call it a HUGE mom & pop outfit). I'm not one for government intervention but with the deck stacked more and more against the little guy, something needs to be done. I say they should load them up with a ton of hotel style safety restrictions and tax the crap out of them to put a solid leash on the situation. Everybody wins (except the owners gouging everyone and ruining neighborhoods and blocking normal folks from buying the homes so yeah, "everybody" wins!).

[@MM-ig2zq]

No fixing this in South Florida. The longer you wait if you can buy the more expensive it will be. This was my situation.

[@Duck_Dodgers]

No fixing Florida

[@faerydae29]

Laws we should have to stop investors: 1. Investors cannot make an offer on a SFH until it’s been in the market for at least 6 months 2. Max you can own is 10 SFHs 3. Heavily tax investors

[@r.dennison5042]

6 months are you cr@zy? Im a regular investor who has gone without for many years to afford to buy extra income producing property, and just because I can have self discipline and save, I should be penalized? What do you want North Korea? Where were all the same and no one can be wealthier than the person next to them? You can buy houses to rent out too, what’s stopping you? Prices? Then save more. Be disciplined. 😭

[@faerydae29]

@@r.dennison5042 Invest somewhere else!! Nobody is stopping you from investing in COMMERCIAL RE, or company Stocks. You could also open a company and sell goods or services. But instead you choose to hurt the community by taking available inventory in the residential market. Cry me a river because we both know there’s many ways to gain wealth and traditionally this hasn’t been one of them. It’s new, so society will survive and be better off if you can’t buy several houses to rent out. Also I Am Disciplined. I have 120k in savings and no debt, 799 credit score. I know I can buy one or several houses right now but I know they’re extremely overpriced, and buying multiple houses will put me in massive debt. I just want 1 reasonably priced house to buy and finish paying. Everyone deserves this!

[@carteranderson5907]

@@r.dennison5042 We do save more, and then the prices increase or one of you boomer "investors" decides to outbid everyone and overpay for the homes, just so you can charge ridiculous amounts of rent. So yes, you should be penalized. Cope harder.

[@r.dennison5042]

@@carteranderson5907 lmao I’m not a boomer I graduated in 07 🙄 And you’re telling me to cope harder? Wah wah says the person who is complaining they can’t afford to buy a house so everyone else should pay for it. Reminds me of the Bernie spoof, “everyone’s got all this stuff, and I’m young, where’s my stuff!?!” Go move to France or Australia where home ownership is even more out of reach.

[@carteranderson5907]

@@r.dennison5042 I will apologize for assuming you're a boomer. I don't for anything else. I am responsible and save my money, nor do I want or expect anyone to pay for my stuff. I stand behind @faerydae29 comment because there should be some limits on the amount of SFH's investors can own. If this still sounds like the DPRK to you, you should research them a little bit more.

[@Frank-nh9fe]

While Wall St. investors own a small percentage of homes, in some markets they own a high percentage of homes, thus distorting the local market. More efficient for them to own a cluster of homes vs. dispersed homes.

[@movdqa]

Singapore's solution to housing is the government builds homes and sells them to people below market rate. So residents own the property instead of renting government apartments in the United States. Their home ownership rate is about 88%.

[@gsftom]

Singapore is one of the most expensive places in the world to live. No normal person owns a home or a car in Singapore.

[@movdqa]

@@gsftom The government builds housing there and sells it to residents below market prices. They also build public transportation, schools, space for shops, hospitals in village centers. So you don't need a car. Cars are taxed at $100K, not including the cost of the car as oil has to be imported. My wife bought a place there back in 2018 though I haven't seen it yet. The government agency that runs housing there is Housing Development Board; my sister-in-law worked there for most of her working years. They also have universal healthcare. My wife pays about $500/year for health insurance though she's also on Medicare in the United States.

[@WhyteHorse2023]

Singapore also has the top math scores in the world...

[@movdqa]

@@WhyteHorse2023 That's the TIMSS testing run out of Boston College. Massachusetts comes pretty close to the top countries for math and science scores. Singapore Math books are used in many school districts in the US and many homes too. We used it with our kids a long time ago.

[@improvisedsurvival5967]

Move to Singapore if you like it so much.

[@wh-lo4tf]

Yes AIRBNB PROBLEMS

[@joeespo177]

It's not about who's buying up most of the houses. It's about the growth of the blue-shaded area in the last five years on that sales chart. Thank you for your videos. Always thought provoking. Commercial office space will be dying as long as everyone's goal is to have an office just like yours.

[@Bluesmaster26]

Yes Michael, do a video on short term rentals. It should be very informative.

[@61zulu61]

It's not just corporations buying up residential real estate😮 you have Chinese investors, and money laundering taking place.

[@mr-vet]

Russians are buying up a lot of real estate in Florida and TX……why are we allowing this…Russia is still the enemy. The end of the Cold War didn’t change that.

[@jkmarshall3553]

Dude, that sounds interesting.

[@61zulu61]

@@jkmarshall3553 in Florida buy yourself a strip mall tattoo shops, smoke shops they pay

[@mr-vet]

WTF…my comment was deleted! I posted that Russians are buying up a lot of property in FL and TX….Russia is the enemy; the end of the Cold War didn’t change that!

[@surfboard396]

I have bought and sold properties in Florida for the past several years. Not to rent them but to flip them. I would put in new windows and floors and maybe a little paint. Have always made good profit. I don’t want to deal with bad renters. I kept one unit to rent out to snowbirds during the Winter. Usually have the same renters every year. Having done this I paid off my home and am debt free.

[@smsavis]

Damn, same here. I buy shit holes and turn them into smart homes in pasco. Good for you and good luck. I need to get into rentals

[@surfboard396]

@@smsavis Thanks, right back at ya. I watch this guy but don’t always agree with what he is spitting out at times. Some good but also a lot of doom n gloom.👋🏽

[@koolkitties8552]

Well then you're part of the problem

[@surfboard396]

@@koolkitties8552 Problem solved!

[@katydid2877]

Not sure if this is a regional issue, but the area I used to live in in AZ had a ton of flipping going on and they all looked the same. Gray, gray, gray and “luxurious” laminate (that’s linoleum). I wouldn’t want to buy one cause I would spend so much money repainting all that gray and buying tons of rugs for those floors. Gray? Is that a thing?

[@CabinGirl57]

I’m currently seeing investment companies offloading … two currently active within a mile of my house. Foreigners with cash is who I see buying properties up as investments This has been going on for a long time but it’s growing to smaller towns and vacation homes

[@raptureremembered6967]

It's sad. Foreigners are devouring our housing market with their petty speculation schemes. It's not even their country! Obviously our government doesn't care about its citizens.

[@HackersSun]

Hey, Thanks for this. You give a better perspective than any other news organization. You have a great ability to give a full picture of all of what's going on.

[@jayo7093]

95 percent of people live beyond their means. They want evrything that’s worthless and they will spend all of their “hard earned dollars” on door dash and nights out at the bar rather then saving, focusing and buying themselves a home. Then they want to cry poor me the rich guy sucks. That landlord that saved, made the smart decisions deserves to be rewarded monthly with the small profits they make ontop of covering the bills

[@RyanJohnson-pz4tb]

I don't think the mom and pops are paying all cash for homes. Real estate agent told me he just sold a house in SOCAL and it was the first time in years he didn't get multiple offers from all cash investors/groups/corporate buyers.

[@winniethepoohandeeyore2]

People on fixed incomes need to be told far and wide that they CAN buy. We did, got out from under high rent and into a much LOWER mortgage that we've been overpaying the principal on ever since our first mortgage payment was due. Moved in ZERO money down NON VA. CAN buy through a USDA Loan which covers areas of like 30-35k populations on less. USDA WILL cover acreage, they WILL cover manufactured homes, they WILL cover delivery AND set up. We bought an already built house on a small lot ( much easier to mow in hot summers) , we get the tax write offs, we get the homestead exemptions. Also Vets with 100% disabilities ARE tax exempt, Current military ARE tax exempt. Once people reach a certain age they ARE tax exempt. Also raised our deductibles and got a lower rate when what they wanted without raising them. My homeowner's only increased $12 a month instead of over 100 a month. ALSO when they assess every 4 years, they go off sale price NOT appreciation.

[@RichmondStar510]

Thank you! 💎

[@nunya2954]

YEP, NO reason people are NOT buying, but have no problem lining someone else's pocket with their hard earned money

[@winniethepoohandeeyore2]

@@nunya2954 Yep, there's sooooooooooooooooooooooooo many programs out there to be able to buy now.

[@tsrocks2029]

I’m in my 20s but have thought about USDA, is it truly no money down? I want to put some money down on a house I’m just wondering how it works. I thought with closing costs and stuff you’d still need to have thousands to put towards it. I’ve been thinking about a USDA loan for a manufactured home to be built.

[@nunya2954]

@@winniethepoohandeeyore2 I know, but people believe or listen to shills that just regurgitate what everyone else says. Not to mention interest if you itemize, it is a big help. you don't get this with renting. Also, I have homeowner insurance, not for long as my home is almost paid off, but I got a lot of "optional coverages" taken off they put on w/out asking, so I got on the phone and had it all removed before my renewal date on 5/8/24 - to the tune of $800.00, people FAIL to read their homeowner policies. Also a lot of these folks w/super high taxes are NOT homesteaded in Florida, making their taxes go way up. But folks don't "see" that either, they are too busy listening to nonsense. To make it, you have to get out from in front of the TV and read and research.

[@KristopherStidd]

Thank you for the video.

[@briankane3905]

You're forgetting how people afford houses in Florida and I've lived here for 45 years. They buy a house and have 15 of their family members or friends live in it. I can't believe how many cars are parked all over the lawn.

[@brianmatthews4149]

Sounds horrible.

[@improvisedsurvival5967]

This is happening everywhere

[@thomasbeaupre7891]

Hey Michael, your videos are really helpful in so many ways. They'll help people make important life decisions. I just watched a 20 minute video and wonder, where the heck are people. The neighborhoods seem dead, empty void of people outside.

[@commonsense6967]

Most of the owners where he films are in God's waiting room.

[@majordddd]

Make a temp ban on people buying more than 2 homes for now.

[@hvaball150]

This is what lobbyist do. You own 20 homes so you cap new entrants to 2. Then you pass laws to drive people with just 2 homes out of business. If you want to experiment, just confiscate all rented homes so zero are allowed. Apartments can be rented.

[@katydid2877]

@@hvaball150 Those apartments are not going to be cheap either.

[@accountingforstudents]

You’re right, it’s not Wall Street, it’s foreign investors, North America is a great way to increase your wealth and keep your money safe, that’s why the housing market has always increased in value

[@kohnfutner9637]

I wish everyone could stop renting.

[@jagsfanrick]

Huh i guess you never want to invest. Your loss.

[@johnjaco5544]

Dream on,,,not everyone can qualify for the amount of house they want to live in.

[@captng]

I wish the government would be a better steward of our tax dollar... but we both can dream. Renting a house is by far cheaper than owning a house.

[@texdevildog9174]

Ask the government to make it illegal to rent a place to live, problem solved.

[@tlindsay1007]

Some people want to rent, are only planning to be working in the area for a short time, or simply can't afford to make the down payment on a home. Rentals are good, because they give people choices. But, I wish landlords were required to keep the properties nice and would be required to kick out renters that are too disruptive to the neighbors.

[@frankchristy169]

Hi Michael, Love your channel. Definitely interested in hearing about your housing experience in Palm Coast. Please do a video about what you learned there in the neighborhood!

[@khatdubell]

"if they can make a profit renting it out, it must be cheaper to buy" This doesn't really track unless you assume everyone buys on mortgage loans. A corporation can pay for a house in cash in full, and even if that cash happens to backed by an loan ultimately, its going to be a large loan with a much better rate. Plus a corporation is in it for the long haul. They don't need to make a profit this year, or the next year, or even the next 5 years. They might even _want_ to not make a profit.

[@twocentproductions5326]

Tax wise!

[@marblox9300]

All real estate housing should be Owner Occupied by law.

[@roqonu]

I was a buy and hold investor...rent was not nothing but I invested for appreciation. A couple hundred a month of positive cash flow is better than losing money but my $500k (present value) rental house appreciated over $50k a year 2019 - 2021 on average. Purchased in 2014 for $175k.

[@HOZLiving]

Since 2011 I would see Miami-Ft Lauderdale condo/homes advertised in NYC along the office front of realestate offices. I moved down here from NYC to buy my dream home in 2022, all of my neighbors moved here from over seas and other states. The average home in our community here in Weston-Ft Lauderdale (18 minutes to Miami) is $1.8million. We all know that Floridians can’t afford to live here bc they don’t get paid enough to qualify. My mom has been here since 1989-and she is Godsmack by the changes here in S.FL.

[@Duck_Dodgers]

Imagine I'm from here lol

[@christinestephenson1742]

Yesid love to hear about your rental house problems!

[@aliciam.4866]

Hi Michael, talk about the excess of housing available in Cape Coral

[@bmz7900]

Yes, share the air bnb issues!

[@JawlessEel]

I've heard about angry renters making it hard on landlords by pouring concrete down the drains and washouts

[@tlindsay1007]

How does that help the renters to cut off their sewage and water lines?

[@RedCurlyQ1]

They do it on their way out.

[@rogerpatry5167]

A national look at corporate home buying does nothing to define the problem. It is market specific. In some metros corporate ownership is much more concentrated

[@jackwilson3121]

I retired 5ys ago after being a Realtor for 40 years in a city in Iowa. I don't know of any homes that are owned by large corporations in my city.

[@hvaball150]

...I don't know a city in Iowa that is in the top 20 metro either. I lived in government housing for 40 years, and I dont known of anyone in my neighborhood owning a Lamborghini. So Lamborghini aren't real.

[@blackworldtraveler3711]

@@hvaball150 I’ve been asking the realtors I know The only corporate owned rental housing in my area are the apartment complexes, new high end condos, and company owned homes for their employees and clients.

[@brendaechols5929]

HOA: I don't know any either, but 15 years ago they were all senior citizens who couldnt even walk without a cane. Neighborhood Watch were in their 80s. They had a little old man about 90, patrolling 🚓 the neighborhood. Didn't even use a cell phone. It was a complete joke. Today, it's the same. All sitting in a circle at ones house in the driveway.

[@jrighteous1984]

corporations aren't buying in small cities that nobody goes to lol

[@FraaaaaankRizzo]

@@jrighteous1984 Correct. Only in the places where the hype is believed.

[@deaddog2386]

Michael, yes, please do a video about all the problems with short term rentals, Airbnb, etc that you mentioned at the end of this great video. I would really love to see it! Thank you!

[@williamfry6087]

Whenever government interferes in the free market bad things happen. Rental properties are still available housing. Buying property creates more demand to build new housing. The market is self correcting, just leave it alone.

[@muddyriverdogz]

There is no free market when a private central bank controls a fiat currency.

[@zork2001]

I was saying this at the start of 2022 that we are entering a class division era between the halves and have nots. There are now hundreds of thousands of people in the US with multiple pieces of property and multiple streams of income and then there are the people with no assists and the little money they do make gets inflation away.

[@angelinaferguson1307]

Everybody should watch The Big Short. I believe it came out in 2016. It's about the 2008 housing collapse. Stock Market crash.

[@clairelivefreeordie2551]

Agreed...this film was excellent 👌

[@marcusturner6361]

I don't trust people who don't show me their eyes 😮😮😮

[@Erin60147]

I think because he reads notes , does t want to make it obvious.

[@elizabethbordeaux2741]

Yes, Michael. I would like to know about Air B&B problems. And - that is a great idea about renting first in an area we might like to live in. Thank you for your great information.

[@travisashimself2356]

Renting out a house should be illegal. If every rental property went onto the market the median home price would fall to a level every working American could buy a house if they wanted to even in this inflationary environment.

[@hvaball150]

Then houses won't be built and in a decade you will be right back where we are.

[@Gokutrump]

And if home prices went down that much people would freak out and wouldn’t buy a house thinking that their home value would fall more.

[@travisashimself2356]

@@hvaball150so build more houses?

[@jjmccurry8357]

I remember back in 2009 2010. There were dozens of houses in Palm Coast that were selling for $35,000. 3 bedrooms two bath 1500 ft.².

[@commonsense6967]

I remember that, also!

[@averagedudeusa9722]

What makes America great is that small investors are able to create wealth and compete with large corporations. The more government gets involved and limits its citizens the closer we move towards socialism and it would be the end of freedom.

[@marblox9300]

All real estate housing should be Owner Occupied by law.

[@muddyriverdogz]

Freedom ended a long time ago. It's slavelandia now.

[@mikesmith6461]

Quite the contrary, fascist.

[@averagedudeusa9722]

@@marblox9300 lol.. I can tell yo haven't thought this all the way through.

[@marblox9300]

@@averagedudeusa9722 LOL. But it is YOU who haven't thought it all the way through.

[@bubbajones4522]

The simple solution here in Florida would be to increase the homestead exemption from $50K to $500K. This would almost eliminate property taxes for most primary residences while keeping this tax on commercial and rental properties.

[@Duck_Dodgers]

So people that have to rent would be on the streets?

[@bubbajones4522]

@@Duck_Dodgers No taxes would increase. Homestead is an exemption for home owners who occupy their primary home. Florida only allows one per person/couple. This change would take some of the financial burden off struggling owners on the edge of foreclosure and help keep them in their homes. It would also help renters to become owners when they can be exempt from property taxes on their modest home. Rich people with homes worth over $500K will pay taxes on the value above that. Rental and commercial properties will still pay the same amount as they do now.

[@GCPCA-p5b]

States should tax 10% more if a house is a investment property or the owner don't live in the house. I know a guy who owns 3 houses in TX, 2 in VA and 1 in FL. Insane. This is why renting and buying is a very hard reach for average families.

[@marblox9300]

All real estate housing should be Owner Occupied by law.

[@rick-zee]

@@marblox9300 are you proposing all of the apartments or homes to be sold to tenants? What if the tenant doesn’t have the money? You want to increase their debt? What if the tenant doesn’t want to buy? Force them anyway? What if the tenant wants to move in 6 months? Force them to own? Or, your suggestion is to use taxpayers money to give away housing? What is this communist nonsense?? Just trying to understand.

[@handleyobusiness]

@@rick-zee Typical mindset by liberals, they think regulations and higher taxes are the answer to everything. 😏

[@jay_volpe]

player, game

[@garethwilliams4467]

@@marblox9300 why ? what about spmeone who travels to two different cities constantly. What about someone who inherits a family home ?

[@reginafisher9919]

Corporations owning any of them is a problem to me, corporation should not be allowed to purchase homes!!

[@MCC876]

Instead of focusing on the number of homes an investor can own, the focus should be on the tax advantages of owning investment property. Reduce these and the number of investment properties will be reduced.

[@marblox9300]

All real estate housing should be Owner Occupied by law.

[@jacquespokanoket4023]

It is interesting to note that a few news networks alleged that Florida is targeted as a new dumping ground for sanctuary seekers - just in time for the lower housing market prices.

[@Duck_Dodgers]

Haitians are being dumped here

[@topicalstormofficial]

Exactly, it’s people trying to get rich with investment properties. Houses are supposed to be a place to live, not to get loaded off other people. I won’t be mad if they lose their shirts.