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

[@laurawalker4042]

The greed in this country is obscene. The inhumanity is cruel.

[@LouiseBrooks-g3t]

That's why we have been dumped world wide. Never thought I would live to see America turn into a pariah to the entire time world. Disgraceful.

[@zyansheep]

Greed is human nature. Our modern economy is founded on human greed and it's an incredible motivator. The issue is that for finite resources like land, unlike any other thing you can accumulate (like money or material goods) you can't make more of it and thus it's ripe for the situation where people buy the land and then charge people for its use despite doing nothing except being there first to buy the land. To fix this we need the government to impose a land value tax so that they actually use land for useful things instead of collecting rents from people who actually need it.

[@esotericheric8659]

@@zyansheep it’s the lowest part.. The animalistic part of our nature…. Though soo many people are narcissists…. And narcissists have no real sense of self.

[@fredstrehlow511]

This is the exact reason I never bought a mobile home.

[@waltergrace565]

@@zyansheep Nah, greed is not human nature. And the last thing we need is more tax. What we need is a real currency and sound monetary policy. It's the only way to restore the value of labor.

[@viserie9345]

Corporations should not be allowed to purchase residential land

[@charlesrhinesmith4585]

I've been saying that same thing for the past few years. Stop corporations and investors from purchasing single family homes. Housing has gotten so expensive because of these investors that even basic started homes are now unaffordable for many people.

[@dkchen]

It’s easier to say that large $1B PE firms can’t purchase single family homes.

[@suehowie152]

You might want to check out the Hedge Fund Control of American Homes Act...Some people are working on it..

[@emilyfeagin2673]

Or to make huge profits from basic human necessities like food , water, and healthcare

[@AdamLeite]

I think you hit the nail in the head. That would be a great start if we want to avoid general homelessness.

[@Mexican00b]

Companies owning 100,000+ homes should be illegal

[@DavidMartins]

ANYONE owning more than 3 houses should be illegal. It's legal feudalism

[@williamtiffee3799]

@@ghostferatu6241 Noone buys into that b.s. anymore. (Newsflasher: Babylonian Talmud thumper Khasarians, are not of "Semitic" origin... They ARE, however gradually marring- into the Canaanite Set/ en anic gene pool.)

[@bullseye2255]

​@@ghostferatu6241that's a witty response Bateman, let's see Paul Allen's remark.

[@Fawn-hv7mx]

They make the laws.

[@yankeedrifter81]

I might place that number muuuch lower...let's say illegal to own more than 20-30 homes, supermarkets, restaurants, cafes, shoe stores, hardware stores etc etc.

[@kashanimous1711]

I live in a small town. Every time a house goes up for sale it sells immediately, and two months later it's split into 3-4 apartments charging insane rent prices. One real estate company owns pretty much every single residential home. It's completely nonsensical.

[@mumbles215]

Where there is confusion there is the work of the devil.

[@wenatcheesanctuarycitytomhoman]

Same Exact thing in my town. People from a communist country have bought most of the apartment complexes , houses , and any livable space , using algorithyms and the fact of endless flow of undocumented to pay whatever price americans cant. The major real estate rental companies have rented to undocumented pricing Americans out. This created more revenue for the rental companies to buy more property and fraudulently control rental prices wherever they own multiple properties. Wenatchee Real Estate leaders vow to fight mass deportations because thats their main customers ! Its anti american and corrupted

[@MR..181]

Trump will help...ha ha ha ha

[@wadithmartinez738]

And the irony is that when we have the next financial crisis all these corporations will be the first in line receiving help from the government

[@rolyars]

Not only that. The money printing policies after 2008 and 2020 is often the reason why they are able to do this in the first place.

[@davidlbrown309]

Not this time buddy

[@KushMyCologneee]

@@davidlbrown309 I’m curious as to why not this time?

[@Ry-pn2hy]

The red herring of the Covid response. The US was the only country in the world that sent more aid to corporations and than they did to citizens. And we voted them in again

[@Clay_j_Bray]

​@@KushMyCologneeecuz his boy is gonna make murka gr8 aginn duh....

[@DarthFather_]

The United States is completely unsustainable at this point

[@stevenbilodeau6697]

You will fall yeah.Not from an invasion but from within. You are broke and once you can't afford all those social programs or to subsidize the cost of food for your people they will turn on the elites and we will have a new 'French Revolution' on our hands. Teh authorities can't even stop a bunch of Black Teenagers from rioting and looting. They can't stop you at all. Which is why they keep you focused on race based issues instead of the whole rich VS Poor that is actually taking place.

[@zenboy1612]

That’s why it invaded everywhere to steal their resources

[@karllieck9064]

Another reason for the country to continue with balkanization.

[@pursedelighted]

They need to change the name to UNITED SNAKES OF AMERICA. sad what is happening

[@peachesrambo4037]

Don't worry, in a few months there will be plenty of free homes to pick from.

[@theundone777]

Private equity is destroying every market in America. Every single one.

[@07wrxtr1]

Because they paid off daddy government and women don’t care how they make their money: “Oh he drives a bmw!!”

[@shacktime]

@@07wrxtr1 This is the inevitable result of a citizenry that envies the wealthy for wealth’s sake.

[@BuildNewTowns]

Consequences when they just print off Trillions of dollars and give to their corrupt friends :/

[@07wrxtr1]

@@BuildNewTowns And: Don't forget - Women don't ask whether or not the money you earn came from a moral place, or if people were hurt... They only care about what year your BMW is, how many sq' your house is, and if they can worm their way in to owning half or more of it. Everywhere everyone was saying 20-30 years ago: "just" go to college... and look at what these colleges have taught everyone - not to value family, morals, god, ethics.... instead: "it's all about me dude bro/bruh!" How many articles have you read where they say "the stakeholders..." yet - never mention WHO they are? Last thought: The "guys" working for private equity - in my mind - are the same guys that struggled with women in high school - they sold out - so they can run off and buy women with the money. At the end of all of it - the money ends up in the hands of women who could care less - so as long as they can have that instabrag life "style" Ontological and existential crisis - where everyone uses eachother - and the primary beneficiaries are: Corporations, NGO's, and your personal fave: DADDY Gov't (and the beta males that work for it).

[@RabidDisposition]

@@theundone777 you shouldn't be able to own any more than 5 rental properties in any given city or maybe even state. 5 is more than enough to live comfortably.

[@sandyland121]

“There is no American dream anymore…. Only survival.” GOD THAT HITS HARD. I’m a welder on a 60k salary in Utah, needless to say. I can barely afford my 2 bed apartment. It’s 1,900 a month for an apartment under a thousand feet. I work 50+ hours a week and this is all I can afford. I don’t have a quarter to half a mil to drop on a house and I sure as shit can’t afford the monthly on those kinds of payments. The American dream is truly dead.

[@LorisBenedict]

@@sandyland121 60,000 may not buy much in Utah, but it's a good wage in some states. Unfortunately, you have to have a degree to make that much in those states. Unless you work your way to the top at Walmart or somewhere like it

[@johnathansilva2823]

Rent: 2018: $750 2020: $850 2022: $1,200 2024: $1,500 RENT SHOULD NOT DOUBLE IN 6 YEARS!

[@ArmyVet79]

80% property taxes 20% for landlords trying to keep up with they neighbors

[@silasakron4692]

I'm from Denver. You could once rent a decent single bedroom apartment in an acceptable neighborhood for $400/mo. Those same apartments with no real added value (and worse mold) now rent for $1400+/mo less than 15 years later. It's absurd. Even if you can afford that, why would you WANT to? What a waste of money.

[@johnathansilva2823]

@silasakron4692 It's crazy. NO utilities included, and Massachusetts has the 2nd highest electric rates.

[@RunninUpThatHillh]

I bedroom apartments in rural NY...1300/month. I have a mortgage...only 550/month...3 bedroom farmhouse on 4 acres. Isn't that WILD? It's 980/month if you include my house insurance and school/land taxes (which are 80% bullshit).

[@hhjhj393]

@@silasakron4692 I had to leave Denver for this very reason......... Even though I was Born in Colorado and lived there for 29 years. I think that in the coming years I will probably end up in a van. I have savings and retirement, but I am just so angry at the world and society that I am kinda just giving up, I really hate this country, the people, everything down to my core. I don't want to be a part of this. So I don't even want to own a home and mow grass and try and keep up with the joneses. If I bought a house honestly I would probably let a bunch of homeless people live there just to piss off society. I am done.

[@fionasmom6254]

That scene where people are attending a workshop and then touring like they are on a field trip to LEARN how to exploit the poor souls who live in the trailer park. It's beyond disgusting.

[@nilu1121]

It’s disgusting for sure.

[@dlullrich6803]

They are predators and have a sickness called greed. Intern makes us all sick to our stomach.

[@FarewellAphrodite]

Agreed 💯

[@MrDlt123]

Almost like they were visiting a poor people zoo. 😠

[@ashtonstout7375]

I fully agree.

[@jeffbroders9781]

Another example of corporate greed ruining the country.

[@sootuckchoong7077]

Govt allowed this to happy. Maybe happily too.

[@user-lt1jd1ye3v]

It’s true our “government” helps with nothing

[@moviesforrandy]

it is shameful.

[@Matt-e2j]

And corrupt politicians don't care.

[@MsDsGarden]

Folks voted for NO gov't oversight and donated $$$$ to billionaires, now complain that you can't afford housing???

[@spanky814]

We've got three generations living in the same house and my grandma has been getting non stop offers on our house. Like telemarketer levels of harassment trying to buy our house. Thank God both her and my parents understand that no matter what they offer, owning the property is more important and that even then we would likely get more on the market. I've got too many people I know whose parents are selling everything to developers and getting an apartment in Florida to retire too and leaving their kids and grandkids with no possibility to own a home because their Gen x or millennial kids assumed they'd inherit, especially when the parents inherited their own first property.

[@alexandrawalsh8844]

Yes, they are harassing me, too by texting me numerous times whether I'd like to sell my 1950 house. Never. It's beyond rude. Thank You for your comment.

[@hollydatsopoulos7998]

We get that too! They act like they are “normal” people looking for a home, when in reality, they are corporate investors. I will not ever sell my property!

[@shekharmoona544]

This is why I get angry at politicians and billionaires that call themselves patriots all while screwing over the same elderly veterans and civilians that supported this country.

[@hollyp4579]

It’s infuriating the level of greed! They have plenty of money, they should remember that the elderly worked very hard all of their life and should NOT be treated in this manner.

[@mistermoo7602]

The elderly voted to give them the power to do so. Now they're trying to hand over the future of the next two generations for more time.

[@l.c.3150]

It’s the rich against everyone else. The politicians are rich!

[@CraftEccentricity]

Yet not a single journalist mentions the fact that the entire BlackRock family is employed within the current White House. BlackRock is responsible for buying up all the properties.

[@zumaanandrade3961]

@@l.c.3150 Yep! Give them 1yr in politics and they are millionaires. HOW! I think you know the answer.

[@Yormsane]

"There is no American dream any more, all it is is survival..." I really felt that.

[@vgstb]

Time to wake up and get an interest in politics, because politics has an "interest" in you.

[@1utube01]

The 60s had a higher purchasing power for an hour of labor. Since then, minimum wage has been frozen several times despite exploding costs of living and inflation (thanks, Reagan). Also, over this time, social benefits have been cut and attacked while top marginal taxes have been slashed from over 70% to under 40%.

[@Yormsane]

@@vgstb ... is literally why I follow this channel. 🙄

[@shanerogers9386]

@@Yormsane light a match EVERY time a flippers buys a home and every time a investor buys a home

[@frances4797]

That is my daily experience 😣

[@CameronFussner]

Something they dont talk about is how over 25% of new home were actually bought by investors, not people looking to live there. Even if boomers sell all the houses or more home become available, the problem wont go away, as wealthy investors will still buy up those supply of houses. This will keep the houses prices up.

[@AlfredWilliams-ki6ri]

Not a word about banks, equity firms, Blackrock, buying up houses after the 2008 cruises as assets. You cannot discuss the housing cruises without discussing this.nOr discussing that largest luxury houses generate more profit than smaller non-luxury. Developers build for profit.

[@williamDonaldson432]

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

[@foreverlaura-fq4eu]

@@williamDonaldson432 Please how can I connect to your advisor? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.

[@foreverlaura-fq4eu]

Please how can I connect to your advisor? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.

[@williamDonaldson432]

There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Rebecca Lynne Buie for about 3 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

[@face2lune]

I remember in 2007 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.

[@coolben854]

Most people find it difficult to handle the fall and I believe that the secret to financial stability is having the right investment ideas to enable you earn more money, I don’t know who agrees with me but either way I recommend either digital currency and stocks.

[@Aimee966]

I’ve been diligently working, saving and contributing towards early retirement and financial freedom, but since covid outbreak, the economy so far has caused my portfolio to underperform, do I keep contributing to my 401k or look at alternative sectors to meet my goals?

[@face2lune]

Move your money from the housing market to financial markets or gold due to high mortgage rates and tough guidelines. Home prices may need to drop significantly before things stabilise. Seeking advice from a financial advisor who understands the market could be helpful in making the right decisions, For the record, working with one has been the best for my finances...

[@Aimee966]

I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.

[@face2lune]

*Mr Gary Mason Brooks* a highly respected figure in his field. I suggest delving deeper into his credentials, as he possesses extensive experience and serves as a valuable resource for individuals seeking guidance in navigating the financial market.

[@jer1776]

Sounds like straight up extortion.. These private equity heads should be thrown in prison.

[@janedoe1229]

Why aren't they? Why are elected officials allowed to take brides? Why do you continue to vote crooks back in

[@shanerogers9386]

@@jer1776 publish their home addresses

[@nickmagrick7702]

At the least

[@amzarnacht6710]

Should be straight up illegal. Period.

[@_gungrave_6802]

Except its not extorsion nor is what they're doing illegal. As much as we hate what they're doing they know how to push and bend the law without breaking it.

[@Kyla94934]

Private equity is doing this everywhere. Corporations should not be allowed to own residential housing

[@thornyback]

The USA is a plutocracy. It is just a big money-making machine for capitalists. When are people going to wake up and do something about it?

[@ishisarten7640]

Housing is a human righteous

[@thothheartmaat2833]

If they want to be legal persons they should be put in prison..

[@drunkensailor112]

Not everywhere in my country renting out houses is taxed so high that companies are not interested in buying houses for that reason.

[@zerozero2020]

And politicians

[@monkeyjshow]

My wife died unexpectedly two years ago. I fell apart and fell behind on the lot rent which was increased twice after she passed. I ended up homeless for a few months, and trying to buy something on back taxes in Michigan this year was not even remotely possible as the corporations threw tons of money at the auctions. Corporations should not be allowed to own residences

[@nikkijubilant]

Sorry for your loss and all your hardships

[@monkeyjshow]

@@nikkijubilant My cats and I have been renting a room for almost a year now. I got a camper while I was displaced and I've started to rent that to vacationers. It has provided a little extra income. If the world doesn't end, I may be doing okay next summer

[@monkeyjshow]

If I had land, I would be buying campers and doing my best to provide some sort of housing for people at a good price. I don't want to be a landlord, but being displaced sucks

[@foremanhaste5464]

I would actually be all for business entities being prohibited from own residences and property management companies the exception, but with extreme limitations on how they operate and that they are not themselves owned by a larger corporation. Property Management companies being required to operate as cooperatives would likely be best. This video shows some of the first warning signs that lead to dystopian corporatocracy.

[@monkeyjshow]

@@foremanhaste5464 I would be all for housing being recognized as an innate right. I would also like to see the rest of our innate rights recognized and honored for humanity across the board. I'm way way way over capitalism

[@gemmarium4337]

I live in California where there are essentially no affordable housing options. Even with a mobile home you are going to pay 400,000$+ for the home, along with 1000$-2000$ a month for lot rent (and constantly increasing) AND you still have to pay yearly property taxes. It ends up costing more than an actual house in the long run.

[@zoobrizz]

And you continue to elect the same politicians.

[@wenatcheesanctuarycitytomhoman]

China and Latin America Own California.

[@gemmarium4337]

@ What do you mean “you”? I am a republican.

[@zoobrizz]

@@gemmarium4337 You 🤣 live there .

[@TheLexikitty]

Its wild that we constantly have to force businesses to do the right thing when the government is the one that allows them to operate in the first place.

[@christophersmith2470]

These private equity firms own the government.

[@lampstax]

What's the right thing ? Pay the contract rate that the union negotiated ?

[@jujubesification]

​@@lampstaxnot do legal extortion of people? It shouldn't be legal to do this.

[@stevestone76]

The big mistake most people make is thinking the government and big corporations/private equity firms are separate entities.

[@JJ-qo7th]

@@stevestone76 The big mistake most people make is thinking the government is a driver rather than a vehicle.

[@sirspeedy9006]

Australian here, this might be one of the most disgusting things i've ever seen. That executive made my skin crawl

[@Ahdtsjjjtdyhjryik]

Good on you! "People" like that make my skin crawl too. Sadly greed is the American way..

[@carmarasmussen8118]

What a scumbag 😮 How do people like that sleep at night?!? Creeps.

[@YourmomMuffisgross]

That's nothing around here

[@SuperLuckao]

Australia isn't.much better

[@eviltigz]

@@SuperLuckao It still far better than America in many respects.

[@TerryTappArt]

The rich have left us with only one option. I don't want to hear them cry when we take it

[@elierickson298]

I think we all know that they're absolutely going to cry about it regardless. Not that we have any reason to give a shit when they do.

[@iampmrnb]

They are forcing the inevitable upon us all. Only a matter of time

[@tomaskatinas1796]

Viva Luigi!

[@JfHbilling]

George Burns once said; " life is tough, but if you are stupid, it is even tougher.

[@xavierp7658]

Oh please, you aren’t gonna do anything

[@perryanderson5642]

I was Considering selling my house in Granbury,Tx and Humbling myself to live in a Mobile Home in the Seattle area that I love and to retire early in 7 years this upcoming Summer. I could explore the Rain Forest, Mt Rainier, and enjoy the Great outdoors, Killer Whale Watching and Kayaking Puget Sound. Private Equity has RUINED THAT DREAM Because things like $1,3000 a Month Fees just to have a trailer on the Property. They are Truly Criminals. Sickening!

[@wenatcheesanctuarycitytomhoman]

Communist own Wa ! Dont move there its a invaded Sanctuary anti american zone. White & Asian business couples have Ruined it economically to consolidate power Pla ccp. Endless Communist own all the livable dwelling spaces , storage facilities pawn shops thrift stores grocery stores all communist owned. Those mixed couples destroyed America

[@wenatcheesanctuarycitytomhoman]

While you're exploring the endless undocumented in Wa state will explore your trailer . The Politicians , Rental Agencies , Schools, Real Estate companies are prepping to block any type of Deportation attempts by Trump or Homans agencies . Why would you move to Wa State ? All mainstream news about Wa is fake feel good news with a mixture of real happenings. But mostly propaganda. Find a Better Place to move and Retire. With Respect and Best Regards ,

[@erichodge567]

This is the biggest economic story in America, and the corporate media won't touch it.

[@c.k.b6840]

But they report stock market gains every day.

[@jessicadubois9945]

💯

[@arostwocents]

It's repulsive how corrupt the western media is

[@pchab1966]

The financialization of almost any industry in the USA has destroyed the fabric of society.

[@汤圆-y7f]

Hmmm, let's see how we can pin this one on "communist" China as well - US politicians

[@Elanasinterlude]

This is evil. People are already struggling.

[@icespeaker81]

cry harder poor...

[@raee1265]

@@icespeaker81Someday you’ll go through something difficult in your own life. Hopefully it will help you develop some empathy for the suffering of others.

[@icespeaker81]

@@raee1265 i wont. my dad has a networth of 20 something mill lmao

[@bigbeefjoedaddy]

Stop voting democrat

[@MarcIverson]

@@icespeaker81 Thank you for pointing out how awful your soul is. Now we know.

[@AttackHak]

Private equity is literally destroying our country…. Who knew greed could cause so much harm… 😒

[@vg7985]

lol. Don’t like capitalism, do you?

[@HiSodiumContent]

@@vg7985 *claps* What a strong rebuttal! So many good points! Such a clever and nuanced argument!

[@idrathernot_2]

​@@vg7985what point are you even trying to make?

[@notabannedaccount8362]

@@vg7985Go to Venezuela, Communist!

[@akiranara6404]

It's not just greed; it's the lack of responsibility. Thanks to convoluted legal loopholes, private equity firms have *no liability* when things go wrong with stuff they manage. As such, they have no inclination to treat anyone humanely or with any form of decency, because they won't be held responsible even when people _die_ as a result of their horrible policies. (One of them literally got out of a wrongful death lawsuit by claiming this.) And they've bought all the politicians so thoroughly that this situation isn't changing any time soon.

[@tonefaulcon9729]

And so many Americans think their enemy is on the other side of the political isle. 🤦🏽‍♂️

[@ernestclary6035]

It is- the deregulation crowd been successfully robbing us since the Golden years

[@dani2229]

luigi began changing this thinking. he is only the beginning

[@Portuducks]

Most of them are on the left side, actually. Sure, they use capitalism to reach the top, but then when get there, they use cronyism and all the leftist marketing buzzwords to stifle competition in order to stay there.

[@MR..181]

Fooled

[@drufg891]

Excellent story. I cried seeing all those elderly Americans that worked their butts off and look forward to their retirement. Now they're worried about being homeless and every lady dime squeezed out of them. I'm mad as hell.

[@ElmaStewartHollid]

My goodness, what more to bare?

[@davidhutchinson5233]

Private Equity should be BANNED from buying into the public trust. Housing, hospitals, et al. BANNED!!!! And citizens should come together to purchase and have 1st right of refusal when trying to put together financing for the purchase of their park.

[@comkver]

This would be awesome! I just hope that residents actually get together. We tried to do that when they're owner of the park sold, here told me us to get together but I no one was ready to on such shirt notice. It was a sad day when the new landlord came and immediately talked about charging for water and raising the rent.

[@charlzcofflin4199]

Dude, just...stop it with the antisemitic remarks.

[@vickijohnson9367]

Absolutely BANNED!

[@milycome]

People will say, private equity firms are very Predatory. HELLO !!!! To the Dummies out there : All Capitalism is PREDATORY !! Wake up Dummies !!

[@karenandpaulwilson9128]

Severly Limit the amonth of wealth gainef thru private equity.

[@carenburmeister5002]

Private equity groups did this to the apartment complex I used to live in. It’s criminal really. The level of greed and exploitation is criminal.

[@TexMarque]

It's obvious that you don't understand Econ 101.

[@Blackspidy619]

There's no housing shortage, there's a greed surplus.

[@Doc5thMech]

@@TexMarque. It’s obvious you support putting Americans out on the street. Malicious gouging is not a pillar of economics principles in any economics course including graduate seminars.

[@zenboy1612]

They want a new class of slaves

[@Blackspidy619]

@@carenburmeister5002 there is no housing shortage. Just a corporate greed surplus

[@Shadow-7295]

Person from Germany here who has been paying close attention to America ever since 2016 ... and this is by far the most distraught and dystopic thing I've seen so far. To me it seems like something revolutionary would need to happen. It is good to see that there are still people around who care and try to better things but they seem overpowered and outgunned by money and the established system. It is like America is eating itself up, like a cancer. I would not have survived my illness in the U.S. And now things will become even more cruel and insane than ever before ... too much for me to bare. Watching this tragedy unfold is heartbreaking and ultimately it could mess up Europe in serious ways, too. (It kind of already does ... it is only a matter of how far it will go)

[@Puschit1]

Yeah, me too. And they still vote for Trump and scoff at Sanders ... the american dream has always been a lie but I thought that was very obvious for at least 20 years now. The financial/housing crisis of 2007/8 should have been the final wake up call for EVERYONE. Personally I could see the US eating itself as early as the 90s and that the foundations had been laid with Reagan, ending the gold standard and all of that. Since then it's rampant predatory capitalism which always have multiple losers for a single winner which can't be sustainable in the long run. It's a gigantic pyramid scheme. But they have enough people praising continuos exponential growth and enough people believing that. Most US citizens are fine people at heart, even Trump supporters, but once you leave the lower classes, there just is no shame whatsoever and the system is so unbelievably rigged and rotten ... so much so that the biggest swamp king of them all was able to become president by promising to drain the swamp.

[@fjfjfjfjffhdndnrnd2652]

troubling times now adays i hear the german coalition collapsed too right? idk what the means for the german people tho

[@Puschit1]

@@fjfjfjfjffhdndnrnd2652 It collapsed for the better. One of the coalition partners was a traitor and guess that party won't play any role in the foreseeable future. Unlike the US we have more than 2 parties and it probably just means we'll have the "big coaliton" again where the two major parties (compareable to dems and old school republicans) will go together. And because they aren't as big any more as they were in the past they'll most likely include the environmental party as well, which is good. The "big coalition" usually doesn't get much done but it also doesn't get much worse and right now it's imperative that we don't become more populist and don't move further to the right. So, as long as that coalition doesn't include the AFD (compareable to Trump's maga-republicans) we should be ok. It won't solve the real problems of course but apparently nobody wants that anyway.

[@Shadow-7295]

@@fjfjfjfjffhdndnrnd2652 I think the coalition in Germany was unsustainable. Too much conflict between the green party and the central left on one side vs. the so called "Free Democratic Party". In general, things have gotten a lot worse in Germany too. Cost of living has increased massively. If you want to rent in a town like Berlin, you usually have hundreds of people competing for it. If you can't buy premium, you're screwed.

[@MangaGamified]

Wait till there's enough who have nothing to lose, nothing to eat.

[@JannyLuits]

I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.

[@brucemichelle5689.]

Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

[@carssimplified2195]

Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.

[@foden700]

This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.

[@carssimplified2195]

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 ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

[@foden700]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@thechief043]

This is only going to get worse, because there's no institutional power that wants to address this.

[@gabeanderson8816]

Look what’s happening in Canada over this exact issue (no affordable housing). They’re literally about to lose their government. We should take note.

[@smithsmithson1610]

They don't because that would imply culpability

[@ashamane]

Worse,the president incoming is paid for by BlackRock and made his own blood fortunes in real estate. He won't offer a single solution for the average American; he doesn't give a SHIT about the average American.

[@MangaGamified]

Wait till there's enough who have nothing to lose, nothing to eat.

[@PaulKatrina.]

To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

[@ChristianKelv]

Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.

[@HectorWhitney]

I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.

[@BellamyGriffin19]

Could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation, and I'm seeking a more lucrative investment strategy to effectively utilize them.

[@HectorWhitney]

'Melissa Terri Swayne is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She's quite known in her field, look-her up.

[@dawnwaka9082]

America the beautiful...😢

[@Artist_Kevin]

End Citizens United, the speech and debate clause and qualified Immunity. All are unconstitutional and are destroying this country.

[@Ym-oi2we]

These predators need to be held accountable

[@lotusgrl444]

but who will be doing the accountability?

[@Zerpentsa6598]

What? It's capitalism and freedom and democracy.

[@Jack-ke5uv]

They never will be held accountable as the system will always support the rich and the powerful. Case in point, our new president elect got a free pass to run for President despite having been convicted of 28 felonies.

[@hmtnhk]

They are the judicial branch's boss

[@dlynn101]

by whom? they own all our politicians.

[@ChristineK0819]

This is sad, housing market is wrecked, renting a home is high, apartments are high and they now are taking over the last affordable option for trailer parks. Insane!!

[@allover4309]

Who do Americans think they are competing with for homes and food? Hint:20+Million new comers have to live somewhere and suddenly prices go up. But ok, blame the investors that raise prices because of the increased competition. Millennials blame the Boomers and everyone keeps voting the same way. The standard of living has gone down because of uncontrolled amounts of new competition. 🤷‍♂️

[@davidhollenshead4892]

@@allover4309 You are a Liar!!!

[@allover4309]

@@davidhollenshead4892 ! you are anAss!!! Lol 🤪

[@whatchatalkinboutwillis6131]

@@davidhollenshead4892 The liar are people like you, you think that allowing over millions of illegals to walk right in are not hurting the citizens here? Get your head out of your ( , ) !

[@whatchatalkinboutwillis6131]

@@allover4309 Well said.

[@winterwonderland1154]

Oh yeah, the “American dream”. You mean, the “American dream for the 1% oligarchy”

[@healingsoul13]

Coming soon : American Hunger Games!

[@winterwonderland1154]

@@healingsoul13 the author talked about how she based it on television of seeing poverty and war on one channel and then a glamorous fashion show on the next channel. She based it on real life. Ain’t no coming up next, we are already living it.

[@candlestyx8517]

Socialism for the rich, rugged individuality for everyone else

[@generaleerelativity9524]

Yeah, cause you gotta be asleep to believe it. ~ George Carlin

[@juneyshu6197]

And subsidized immigrants.

[@RB-gt8bf]

This is beyond sad and disgusting the business model is cruel.

[@jimmccandless4307]

Flipping and price gouging affordable housing while our working class poor and our veterans live on the street is criminal .

[@itsablessingbeinganamerica1401]

Yet illegals given everything.

[@sootuckchoong7077]

Govt happily allows those billionaires to make big profits.

[@newsongsung1147]

Now in Florida it is illegal to be homeless!

[@jimmccandless4307]

@@newsongsung1147 sick

[@Flintlock1776]

I am a veteran. I live in a 3500sq ft house on 5 acres that's paid for. Being a veteran does not condemn one to poverty. Bad decisions do.

[@dr.j1355]

When injustice becomes law, rebellion becomes duty!

[@alphajackal6648]

Laws are always demands made by the ruling class upon their subjects. The only difference is that nowadays those who rule us have been able to cast a wider and wider net with fewer and fewer concessions. So you're right - it's just that law is inherently unjust because of the power disparities that underpin it, so rebellion against it as a system never ceases to be a duty.

[@ЯрославКривич-ч4э]

When people agree with injustice, they become slaves. And slaves have rebellion never.

[@justinwoodall461]

​@@ЯрославКривич-ч4эin the western world it's likely only a matter of time before a few ultra wealthy individuals heads end up in pikes. After that changes will happen.

[@quickdrawmcgraw3567]

Lmao except for Haiti, and the US, and Mexico twice 😂😂😂​@@ЯрославКривич-ч4э

[@williamsmith8271]

If only those who have experience injustice are inclined against it then we need a system of instilling moral values that is a great departure from modern instruction!

[@lforbici]

I am Brazilian and seeing this kind of video makes me fell very sad. By today there is only greed around the world, and the poor people are the most affected. What kind of society we become? Man this is terrible!

[@tonyprice2256]

Hola mi hermano de Brazil! Hi there. I just wanted to say hello from the USA!

[@tishkerrville8942]

💯

[@grahambryant2708]

Well said mate!

[@OokileyGMR]

O que tem de brasileiros que acham que os EUA é perfeito chega a ser impressionante. Ser pobre na América do Norte é sentença de morte.

[@Paulscottrock]

These private equity firms are buying Hospitals. They strip them out, and they close. In my area, people are fighting to keep the local hospital open. Two have closed.

[@JEdwards88]

It’s wild how open all the corruption is and yet no one does anything about it. A 180 decision to abandon supporting home owners after a huge donation from these corporations is such a blatant example of corruption and no one addressed it.

[@henryjustin1049]

Sold our 2nd home back in 2023 because being on a fixed income…we could not afford the insurance, taxes and upkeep on two places anymore. We had several big companies contacting us about buying it. We ignored them completely and sold it to regular people!

[@bellasue02]

Thats what we need to do but most people will take the money.

[@juneyshu6197]

thank you

[@Вася-ш3щ]

One can only hope that these ordinary people are real and do not work for those companies.

[@danishpastrydelight]

Who then sold it on to a corporation for a massive profit.

[@dianealbrecht496]

Good for you!

[@kepik4714]

I've lived in my mobile home for 25 years. The rent has gone up EVERY YEAR! It started at $525 a month, now its almost $1800. Once I'm retired I will no longer be able to afford the rent, even tho my house is paid off. It is disgusting what corporations are doing to people.

[@LizNeptune]

Sickening to read!!

[@thebombu]

So sick!!!

[@t.h.8475]

Wow, that is terrible.

[@homelessmillionaire1]

So you saw the future and did nothing to prepare for it.

[@Michael-j4l3d]

The hell don't you move it? it's a *MOBILE* home

[@junestanich7888]

Awesome program, we need much more info and awareness of this, not just mobile homes but all homes in middle class neighborhoods and working people’s neighborhoods. Thanks

[@ryant6548]

This is just the tip of the iceberg. Regular home ownership is becoming unattainable as well due to corporate home purchases. They then charge rent high enough to keep people from saving anything towards owning a home in the future. It's clear the system isn't working.

[@ericburkett6349]

Oh, the system's working alright, but it's working only for those who control it and it isn't the government.

[@ЯрославКривич-ч4э]

I'm sorry, but you said a bullshit, dude. If a person wants to buy a house, he will find money and buy it.

[@ryant6548]

@@ЯрославКривич-ч4э Where do I find this tree that money grows on?

[@ЯрославКривич-ч4э]

@@ryant6548 You need to find a job, not a tree.

[@justmenotyou3151]

​@@ЯрославКривич-ч4эWhat was said was true.

[@omniopen]

My mom lives in a manufactured home community and I lived with her in it for a few years when I was a kid. It was sold to a large company a few years ago and they raised rents and I remember her telling me about some of her elderly neighbors who were on social security and Medicare that were forced out, absolutely despicable.

[@Novastar.SaberCombat]

That's existence on Earth for ya. Only the wealthy can win. No exceptions.

[@terrinewlon3258]

Despicable and criminal.

[@PhillipFelix-kw3zi]

It's just mean. Borderline cruel and unreasonable to treat people this way.

[@doriandeutsch6060]

@@omniopen The same is now happening to us at Royalwood Estates Manufactured Home Park in Lynnwood WA! We have formed a new alliance group called, "Royalwood Residents Alliance" and are seeking legislation to help protect these parks and the 55+ seniors, the disabled and veterans who live here from a use and Economic Eviction! Please pray for us. We Need Help! 💜

[@MsDsGarden]

Same elderly folks who were despicably cruel and hateful to others? What goes around, comes around.

[@terrinewlon3258]

I live full-time in an RV park in Quartzsite, Arizona. We have investors buying up parks. They hire 'managers' who harass the tenants to force them to leave. Many cannot afford to move their rig to another park. Once it is abandoned, the park owns it and rents it out. It's disgusting. We have 2 state laws for protection, but no one enforces the law. Please visit us in Q. We have over 65 RV parks and several low-income residents. We need you!

[@katiebice3905]

I live on SS. When I moved in 7 yrs ago my rent in a 55 & older mobile home park was $740 a month here in North Phoenix. 2 yrs after I moved in, the private owner sold it to a corporation. Since, my rent has gone up every year. This year I just got a notice my base rent will go up $98 a month. PLUS they are now making me pay an EXTRA $25 pet fee per dog. So starting Nov 1, my rent will be $1375 a month. I LIVE ON $1500 A MONTH SS. I have less than 2 months to try to find something affordable. Since I have 2 dogs, I need a home or mobile home. I AM SO DAMN ANGRY. I started looking online and the prices are out of bounds. What is worse, is at least 1/3 of the spots are empty or the home has been for rent or sale for THE ENTIRE YEAR in the park.

[@TomSarelas]

Need a non-urban form of rent control. Might help? They're multi-family communities, without any vertical facet. I'm no liberal, but clear abuse is clear abuse - regardless the political stripes. TFS

[@Novastar.SaberCombat]

The wealthiest always win. No exceptions.

[@IndigoStarrAz]

I get out to Quartzite once a year. I just went to that yuuuge RV show in February. Nice people out there.

[@suzanlund999]

Don't vote for anyone with a background in real estate.

[@celestrio]

My coworker was living in a mobile home park. He told me when he first move in to his home, his payment was $800 a month. As time went, his monthly payment rose to 1650 a month.. he sold his manufacture home and bought a traditional home. His mortage is 1700 a month. He says dispite the $50 more than his mobile home but he now has full control what he can do in his home and property, doesnt need property manager's permission for any projects, his dogs are happy having a large yard to run and play, his grandkids enjoy the wide open space, overall he is just happy. I say good on him and his decision.

[@alexg3348]

I don't live in the US, but in Australia. How is lobbying politicians any different from paying off politicians? we laugh at countries like Russia and other dictatorships who pay off the rulers to be in power, but lobbying seems to be just a very "nice, white collar" way of businesses buying their way into politics, and often people suffer. What a shame.

[@nathanielmohr9622]

The difference is that lobbying generally refers to spending money on the election campaign to promote your preferred candidate, while paying off a politician is a much more direct pay-for-play. In practice, there's no difference. If a handful of wealthy people got you elected, and you want to be elected again, you'll act the same as a politician that's taking bribes from those wealthy people.

[@nathanielmohr9622]

Theoretically, the existence of Super PACs is supposed to be a "stabilizing force," since the money flows to the PAC which then finances the campaign of their preferred candidate, but then the PAC just finances the campaign of the politician most aligned with the interests of the biggest political donors anyway. So, again, no real difference.

[@nathanielmohr9622]

Politics is just another business here. Big businesses invest in politicians or parties that will give them a return on their money, and that return has to come from somewhere. There's only really 3 places to get that return from: The competition of that business (usually via regulatory capture), the working class (via keeping wages low, leaving exploitative practices legal, etc), and by taking from other countries.

[@denniscrork318]

Russia is not a dictatorship, Putin was duly elected by ~80% of the people. Zelensky is a defacto dictator & US/EU taxpayers have made him a billionaire. People are too stupid to see & accept the reality. They'll cheer on a true dictator & demonize a president who always puts his people first. Putin is on the right side of history. The people are too stupid to see this, because they gobble up every bit of propaganda the legacy media feeds them.

[@michaeltherrien6006]

Due to corporate and rich people's greed, the US is fast becoming the "shit hole nation" of Western civilizations.

[@afterhourscinema782]

Corporations truly ruin EVERYTHING, don't they???

[@cdevidal]

Especially when they collude with government to craft regulations to crush the little guy. Ugh

[@TheSmark666]

Perhaps the answer is for individuals being screwed over by corporatism to fight back with corporatism. You have the absolute right to create, erect, found, and incorporate your own corporation. Use the private statutes they lobby legislatures to pass against them.

[@Your_mom736]

Spoken from a corporate device, on a corporate platform on the channel supporting corporate unions. You all are the corporate problem. Corporate doesn’t exist without your unwavering support. ❤

[@vgstb]

@@TheSmark666 Poor people can't do that.

[@cbdevidaljk1]

Especially when they collude with the gvt to pass regulations that crush the little guy. Ugh

[@thetinysideoftiny7625]

I live in a mobile home community in AZ. Encore bought it in 2016 from private owners. Since that time, my rent has SKYROCKETED over 220%! It has significantly impacted my quality of life. When all of your income goes directly to housing, there’s nothing left over to have a life. They raised the yearly rent another $1,000+ for 2025 and now residents have to pay for garbage, internet, and basic cable which was included in prior years. Also, we are now required to our own yard work, which again was included in prior years. Upsetting to see an 80 year old neighbor on her hands and knees pulling weeds. Corporate rent gouging and greed in its most disgusting form.

[@customcalendars4u2]

All those things you mentioned rent & contractional agreements assure that people won't be able to keep up with being priced out in the future and in conjunction to not being able to physically maintain your property grounds therefore; making the tenant non-compliant which assures corporations/they're partners in crime "Governments" that the land will soon be abandoned so that they can forge ahead with whatever the plan is for it, like is happening around the world. At the end of the day it's about getting better control over the people who soon won't be able to make any decisions for themselves; the writings on the wall and has been for a long time. Blue states, Red states, Black, white, brown, yellow (with the exception of those who travel light years to help out earth) Christian or Muslim are in the same sinking boat; the plan is complete total dominance over humanity. They're professional instigating of turning people against each other with wars, racism and poverty the powers that be have caused us to be so distracted that now even if your eyes are starting to open it's TOO LATE to stop the plan! The good news is nothing last forever, not even your pain and suffering it is only for a short while. Spiritual battles cannot be defeated by man....

[@TheFailingHumanExperieme-ge4ov]

Ismerica was a good growth story for many decades because Jooish and WHTE executives only sought to exploit cheap labor overseas, like Nike. However, Ismerica is no longer growing, it's in decline. Stock market highs are artificial, and if AI works as well as everyone wants it to, 10,000s of jobs will be lost. The final nail in the coffin is this video: wealthly whtes and joos are turning and exploiting their own for profits. Renounce your USA citizenship before they take that right away from you. BlackRock, Goldman, etc. are coming for you next.

[@SonnyCrocket-p6h]

boohoo. Move into a van, as I posted above, ZERO cost for housing, utilities, food or commuting. Presto, problem fixed. $3000, at most, from a private seller on Craigslist or FaceBook.

[@Navs126]

@@SonnyCrocket-p6hWTF! You are the problem. Move into a van?! What is your deal. I don’t want my grandparents living in a van. What a senseless thing to say.

[@truthreigns3465]

Lay off the meth

[@terrywenban6816]

Its simply a case of Americans letting this happen. Wealth inequality is the worst in the world and its coming home now to bite, Americans ignored it for too long and now its over for the 60% of working poor.

[@FallacyFinder5]

Not Americans, rather Congress/Senate/President. None of those 3 branches care.

[@MangaGamified]

True, I always find it odd that many if not half of the billion/trillionaires are born & raised native english speakers. Either it's supreme coincidence, community culture or mandate, policies, *LOBBYING* that allowed them to bloat out of control.

[@TexasbyStorm]

My mother was forced to move from her home in Austin, TX after my dad died. She could no longer afford the lot rent. When she first moved her brand new manufactured home into this community in 2001, her lot rent was $200 a month. When she left in 2020 it was over $1000 a month. A few years before she moved the community was sold from the private owner to Roberts Communities. They made selling her home extremely difficult too. Biggest mistake anyone could ever make is buying a manufactured home in a community where you do not own your land. DO NOT DO IT!

[@elizabethlibero1878]

Texas is a red state

[@Nick-fi1mc]

"there is no American dream anymore, it's just survival" Wow, she hit the nail on the head

[@meganann3876]

That hit me hard too. Have you ever seen ‘Requiem for the American Dream’?

[@Nick-fi1mc]

@@meganann3876 I have not

[@meganann3876]

@@Nick-fi1mc I can’t share a link but you can watch the trailer. Noam Chomsky can be controversial but ‘Requiem …’ and ‘Manufacturing Consent’ are unbiased topics.

[@philliphall5198]

It’s the most truthful thing I’ve heard in Years 😅

[@bobbyfartz5591]

This should be an hour long documentary and should be talked about on every news station and tv channel. It should be trending on Netflix, discovery, and every politician should be forced to watch it before they go vote on that bill

[@cormaro13]

Cause someone forgets there’s a high power at hand and it’s called the government 😂 they’re getting paid out so I doubt they care

[@christophersmith2470]

Dude, politicians are almost all sociopaths with 0 empathy. While they're watching that video, all they will be thinking about is the large sums of $$$ donated to their PAC's to keep them in power receiving those fat paychecks, killer benefits and eventual life long pensions. The politicians are immune to empathy or human suffering. Municipal workers, firefighters, EMS and a very small police force with a small mayoral office and city planning commission that people have to vote on first before implementation is all the government modern society needs to day. Instead, we get 1/3 of our total workforce working in some type of tax payer funded position. America cannot possibly continue on for much longer.

[@Inquisitor2024]

Like they give a damn

[@d1p70]

It was the GOP that killed the bill. Usual suspects... Yet poor white folks love their orange jesus😂

[@occamsshavecream4541]

Yes, and too bad it couldn't be broadcast before the presidential election,

[@wam882002]

Another example of democrats trying to combat greed and unfair practices, while Republicans are bought out. It didnt take much money for them to retract on their support. The fact any price on basic needs was considered is mind blowing to me.

[@gratefulagoraphobe]

Politicians, governments allowed this to happen. In Ireland, they buy entire housing estates and rent back to Irish at huge cost. These are foreign, US and Canadian, pension funds. Ordinary people are priced out of the market, and have to pay colossal rents meaning they can't save. All allowed by our government. It's disgusting

[@ofAwxen]

That's feudalism

[@gratefulagoraphobe]

@ofAwxen we live in the neo feudalism age. I live in a tiny house, I don't buy crap I don't need and I'm grateful for what I do have. The only power we have over these oligarchs is consumer. Don't believe you need more to be happy, don't buy their crap

[@zyansheep]

There is an easy solution to fix all of this. The government just needs to tax land.

[@gratefulagoraphobe]

@@zyansheep in Ireland, more than a quarter of government ministers are private landlords... so that will never happen

[@waltergrace565]

@@ofAwxen It's called the ponzi scheme of bureaucracy. It has to eventually engulf everything to survive.

[@rjc7289]

The way these corporations are preying upon and putting the squeeze on the poorest of the poor is beyond obscene! If I had to pay through the nose for a dilapidated trailer house, dirty tap water, non-functioning pool and deserted community center, I'd be royally pissed too! Any guy who can buy and sell dozens of mansions like it's no bid deal while his tenants are facing eviction deserves a special place in hell!

[@chantalbourrut410]

And in jail first.

[@don-tl6hu]

Just gos to show how deep the greed gos, not to mention these bastards think they're better than people. Getting richer off the poor again and still, people will start to make a stand but it might be too late. Affordable housing, clean fresh water, affordable utilities, and being able to save money are rights to the people. Not a hardship to live and be prosportive and raise a family.

[@kellyfeger]

They are preying on the poor. And shocker - they get the highest revenue off it in the real estate industry. Goes to show that just like Bernie said, "it's expensive being poor."

[@kingjoseph5901]

They will come after the middle class next, then the upper class. Its all orchestrated. You will own nothing and be happy.

[@rachelkuta1407]

It's happening in Auburn, Indiana. Older Americans have gone back to work because of the lot rent increases. Many are trying to move out if they can. A local family sold to a greedy corporation.

[@ImahSillyGirl]

These protections should be ACROSS THE BOARD, in EVERY state.

[@tw8464]

You're absolutely right

[@boristheamerican2938]

Some states vote republican so thats not going to happen is it?

[@ONYX-365]

Every Country 🌍

[@feydrautha80]

these protections with no effect?

[@boristheamerican2938]

you vote republican so no way

[@PJWestfield]

Those groups doing their "investor tours" were truly dispicable. Something must be done about private equity companies in this nation.

[@TheVitamin421]

right, they were all posing for a picture in front of the mobile homes they are gonna price people out of! they are disgusting.

[@nettewilson5926]

Nothing will be done except to make it easier for private equity to exploit people

[@boristheamerican2938]

It wont be because you will vote for Trump.

[@paulzammataro7185]

Ghouls!!!

[@boristheamerican2938]

@@TheVitamin421 I dont understand the long term value of doing this except for putting numbers on a piece of paper and extrapolating them out. If you price people out your going to wind up with empty lots, enough of those and your losing money.

[@Vanderearden]

Yet another example that America isn't a democracy, and absolutely everything is a commodity that can be purchased, including people.

[@alexsmith-ob3lu]

America is a vast corporation, not a sprawling empire. Everything is incorporated. Building a high society is an infinite game, not a “depreciating asset.”

[@jochipchip]

A dictatorship

[@c.l.montoya2972]

@@Vanderearden As long as you have the right to vote, it is still a Democracy. The problem is GREED and STUPID and/or GULLIBLE PEOPLE. Vote while you can, this may be your last chance. Then you’ll really have something to b!tch about.

[@Vanderearden]

@@alexsmith-ob3lu: No doubt that America is a corporation, but I'd argue its also an empire. Over 800 admitted military bases globally. American corporations headquartered around the globe. At least 28 nations are client states of the U.S... That sounds like the definition of empire to me.

[@Vanderearden]

@@jochipchip: Actually, America is a fascist, plutocratic police state. A dictatorship means an individual runs the show. Like a monarchy. America isn't like that. Multiple entities run America, but for the same end and means.

[@corey5109]

This is exploiting the most vulnerable among us. Ban private equity from owning homes and force them to sell what they have.

[@kortyEdna825]

Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.

[@KaurKhangura]

I advise you to invest in stocks to balance out your real estate, Even the worst recessions offer wonderful buying opportunities in the markets if you're cautious. Volatility can also result in excellent short-term buy and sell opportunities. This is not financial advice, but buy now because cash is definitely not king right now!

[@PatrickFitzgerald-cx6io]

You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.

[@NoorJari406]

My portfolio has been in the gutter for the entire year, so I started researching new ways to profit in the market, but everything I tried just seemed to miss the mark. Please let us know the name of your financial advisor?

[@PatrickFitzgerald-cx6io]

‘’Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.

[@NoorJari406]

Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

[@randykrus9562]

Corporations should not be able to buy homes. Period.

[@rosesmith6208]

well corp are owned by people and people are allowed to buy homes, they will just do so in a different way, the problem is not private equity the problem is with the people who are greedy dont love God or neighbor or Gods standards of right and wrong. who forget we are in the last days of this wicked world. their money will be thrown into the streets when Gods day arrives. people think you face judgement after you die, nope we are in a judgement period right now, judgement is based on peoples response to the Good news being preached and taught right now. people just have not paid attention, matthew 24:14 God evaluates peoples response to this goodnews of his kingdom (government)

[@robertfrye-kk2qy]

That would be anti-Semitic; not happening.

[@danielc6106]

​@@robertfrye-kk2qyWhat are you on? 🙄

[@arrowhead455]

Storage facilities are the next target. The storage companies are going up $50/unit with only 30 days notice and no reason. Just greed.

[@cybervigilante]

That's because a lot of people are living in storage units. That's not a fiction. I knew a guy who lived in them.

[@Tipperary757]

Yes, agree totally. People get trapped + storage fees double in 4-6 months.

[@BlueToronto]

Yeah, the greed is insane. I started renting a place in Canada in September of 2021 for about $145 a month. By this year it had gone up to $211. I ended up having to downsize. I just can't stand greed like that.

[@jeromebreeding3302]

I feel you're pain. Storage facilities raise rent every year, just like apartments. I call paying the rent"paying the ransome" for my possessions.

[@AlphaJ369]

There is a giant one being built right now by Sacramento. They are confirming the housing crash and subsequent foreclosures and need for storage.

[@viviancarolgioao]

People will have to accept reality that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. I now look towards the stock market to fuel my millionaire goal. Sure I'm not alone in my chain of thoughts.

[@DonaldStokes-p]

U.S. stocks have historically been the best investment. Home prices will need to fall at least 40% before the market normalizes.

[@PASCALDAB]

I like both. But in my experience, most of the millionaires I know have gained their wealth through diversified investments and they all had a sort of financial advisor helping out with informed decisions.

[@Tonyrobs2]

Straight up! advisors are the ideal reps for investing jobs, and at first hand experience, I’ve maintained a balanced growth portfolio for 5 years now, resulting to a 7 figure account after 100s of thousands invested so far. nothing beats expertise.

[@SeanTalkoff]

you are completely right, Advisors have information and paths that are not disclosed to the public.. I profited $560k in 2023 under the tutelage of my Fiduciary-counselor. Am I selling? Absolutely not.. I am going to sit back and observe how this all plays out.

[@mikey43221]

You're right, I and a few Neighbors in Bel Air Area work with an Investment Adviser who prefers we DCA across other prospective sectors instead of a lump sum purchase. As a result, my portfolio has recorded significant improvement even during the most unfavorable market season.

[@Eldoradoredd]

Did that frank Rolfe guy walk people around that park like they were visiting a zoo??? Bro!!! That's diabolical 😢

[@eksbocks9438]

It's just how they are. They don't look like much. But on the inside, they're always upset with the whole world. Like a supervillain. If he wasn't able to talk.

[@lisabrickner6004]

I hope Abba Father deals with him soon...

[@brendalanddeck2]

@@lisabrickner6004 Amen, he owns the park I live in, bought it 4 years ago. Been praying for his soul but it hasn't worked so far, did for a little bit three years ago... Had to pay an extra $654 bill to keep my dog for Christmas last year. I had to buy a $100,000 dog bite insurance for an 8 year old dog that goes outside in a fenced yard under my supervision to go potty for maybe a total of an hour a day. Got her accepted as an emotional support animal (she really is) and had forgotten her vaccines being the 1st anniversary of my fiance's death. So it was suddenly required to have or be fined and charged new pet deposits and monthly pet rent? Was 25 days late on her vaccinations so I think they knew I had a dog and didn't suddenly notice I did like they claimed. I've lived here 15 years with a dog and never had the lot rent double like it has in the last three years. Did write him a letter the 1st year he owned the park and he rescinded the lot rent increase that year. God heard my prayers and had mercy on me and my neighbors. Really had hope he would turn his ways around and stop destroying innocent people financially being greedy. Still reeling over the pay up or kill your pets for Christmas game last year. What a way to say Merry Christmas, pay up or kill your dog in a crowded shelter or be fined to death until you comply. We have window covering fines, parking on sidewalk fines, speeding fines, using the dumpster fines, weed fines, skirting of trailer fines, registration of vehicle fines, parking no more than 2 vehicles fines, yards not tidy, dog running at large fines, and can't remember what else.. oh yes, the new dog fines for vaccines and $100,000 dog bite insurance an inside dog doesn't need, to add an extra Christmas financial burden to the backs of the working poor. Oh my Jesus, forgive us our sins, save us from the fires of hell, lead all souls to heaven, especially those most in need of your mercy. Amen. God have mercy on all the residents of trailer parks that got greedy new corporate owners. God please have mercy on us! Amen.

[@ianover6838]

@@eksbocks9438 I hope someone makes him not able to talk anymore

[@UwOtt]

@@ianover6838or walk

[@slowpainful]

Canadian here. We also suffer similar abuses due to the increasing financialization of housing (treating housing as an investment, rather than a human right). How many times have we been assured that "the market will provide affordable housing" (!) when the most cursory glance at conditions reveals this to be a blatant lie. In Toronto, the ending of any kind of rent control has meant that the average rent for a one bedroom apartment is now $2400 per month. Our provincial government thinks building single family homes in the suburbs is "affordable housing". It is all about greed, urban sprawl and profits over people.

[@wisesaint2]

You need to vote Turdo out of office. I'm sorry. I mispelled the name. It's Trudeau

[@PeterGeci]

Tents in parks are the new affordable housing sad but reality. I am also Canadian in Ontario

[@angie99656]

What these people have proven to me is that the market can't do ANYTHING right or fairly and we should abolish capitalism.

[@donaldjamesderrick]

Canada is an unsurvivable hellhole for many people today. I'm glad I escaped, and can send remittances to help the people I care about who are still trapped in Canada.

[@FrothingFanboy]

​@@donaldjamesderrick If you don't mind my asking, what country are you in now? Why would it be any better than Canada, when the problem is to be found in every part of the western world? People are going to have to double up instead of living alone, that is the reality.

[@rockseaH2O]

I absolutely hate greed! With every fiber of my being! Just think about how beautiful life could be if we treated each other with kindness, dignity and compassion

[@addictcar69]

Can send me money and don't be greedy 😅😅😅😅

[@whiteingale]

😂

[@happyappy19931]

Do you mean like the Democrats do? No thanks.

[@habbadabbado5765]

Blame millennials for the greed then, as they own more homes than private equity firms.

[@Jimraynor45]

Greed is a part of life and it's necessary for existence. Keep in mind, there is a lot more at play here than just greed.

[@sirnuggets9666]

This makes me sick. What dystopian country have we become, this would never be allowed in other countries....

[@orangebell2323]

It's allowed in Canada, our trailer parks are non-existent

[@briaf3370]

Despair and homelessness running rampant throughout America

[@Mitzi73]

Only families and citizens should own homes. Corporations as well as investors from other nations should not legally be considered individuals or citizens. Our courts NEED to rule on this.

[@newlife8318]

What proportion of homes do Blackrock and Vanguard own in America?

[@emilyfeagin2673]

Good idea but we need to pass laws. In light of the Supreme Court criminalizing homelessness. I don’t have much faith in the courts

[@AdamLeite]

I disagree with "families and citizens". Many people do not have families but are citizens who worked for their homes. What I strongly disagree with is the government giving border crossers that benefit at the cost of letting US citizens go homeless.

[@takethesquid]

​@@AdamLeite that's a silly disagreement, citizens with or without families is just fine. I'm not sure about the foreigner bashing you speak of, but if you have any evidence instead of unproven hearsay I'm all ears

[@AdamLeite]

@@takethesquid Sorry, it was the person I responded to who said that "only families and citizens" should own homes. That is what I disagreed with. Kamala Harris has been promoting and more recently, Nancy Pelosi has endorse that $25K should be given to the recently arriving migrants so they can purchase their homes.

[@daviddobarganes9115]

Evicting the elderly is violence

[@MRkriegs]

??? 😂😂😂

[@raymondhardie3880]

Also, think about this; The supreme court just recently ruled that it is legal for government entities ( cities, townships, counties,and states ) to make homelessness illegal activity. What the hell is the mindset of our government that allows a system to make people homeless and then make them criminal for that condition ? Our leaders are all insane and psychopathic fools driving this nation into oblivion.

[@thinkandrepent3175]

100 💯 agreed

[@apprentice661]

@@MRkriegsit’s fairly simple. Evicting a demographic who will struggle to find work and affordable housing leads to an inability to keep up with healthcare, mental health issues that can eventually affect physical health, and ultimately leading to quicker mortality rates. That is violence

[@animaladvocate8938]

It's inhumane

[@heartofthunder1440]

In order to make it, first is never get sick, get well educated in financial management, and work everyday, run hard and don’t walk.

[@robertbenefiel2781]

Couldn’t have said it better ! Protecting your health is critical to survive in this dog eat dog world !

[@terrihartbarger]

This is why America has a homeless issue. Corporate greed is out of control!👿

[@zyansheep]

Greed is not the problem! Corporations are not the problem, individuals can do this too! The problem the fact that anyone with money can buy land and hold on to it while extracting rent from anyone who wants to use their land. *We need a land value tax to fix this!*

[@SVmathfarmer]

That’s the foundation of USA ❤❤❤❤. Wealth is created by transferring it from large groups to smaller groups. Socialism is the antidote - but not in USA❤

[@chucksucks8640]

I support corporate greed

[@nes96]

​@@SVmathfarmer why are you using heart emojis for this topic ?

[@mad4hats797]

@@zyansheepmore taxes don’t fix it

[@EcoFarmFL]

They profit off of people's pain and still manage to eat and sleep well..hmmm..sounds like demons to me.

[@GeorgeJefferson-h7w]

That's why you see all these ads on tv for sleep medications. They can't sleep. Some are addicted to making money and can't take a break to sleep. Other's can't deal with what they've done but can't stop. The love of money is the root of all evil.

[@PhantomCookie87]

You got that right.

[@Fancysymbol]

certainly not human

[@PhantomCookie87]

@@Fancysymbol certainly pure evil

[@emilyfeagin2673]

They congratulate themselves for being smart and hard working instead

[@RabyGaming-l1y]

Anyone can be a hero like Luigi, stand up people

[@Ahdtsjjjtdyhjryik]

D D D

[@ilenastarbreeze4978]

Was wonderin if this would come up

[@PastelBlackBunny]

I'm starting to compile a list of ceo's, private equity ghouls and the like for "public concern". Frank Rolfe and Randall D Smith are first on it. We need to hold these people accountable.

[@Drew-P-Bllz]

And Luigi won’t even have to pay rent for the rest of his life

[@knighthawk882]

🎉

[@RownyVidot-j3i]

People should be able to own their own homes AS WELL as the property that it sits on... So that they can have more peace and quiet especially in their old age.

[@TheCrimsonRanger]

A company like this had my grandmas bank account on auto-pay. They charged her rent this month, after she had already passed. The private equity firm that owns the park took extra time processing the title so they could charge a dead woman who survived off social security and food stamps.

[@christophersmith2470]

That's pure psychopathy

[@pm8617]

That's criminal. Go get the greedy b's

[@Resultsnottalk]

The lowest form of life.

[@privateAcc0unt]

That is disgusting pure evil. I am sorry for your loss.

[@Behind_the_Wall_of_Sleep]

I'd say they are vultures but that would be an insult to vultures who perform a valuable and necessary role in this world. Perhaps parasites? The world has become so atomised and transactional.

[@tropicalbreeze-hh3sh]

This is DEPRESSING NO DOUBT. And a lot of us are heading straight down that path and it’s terrifying. It feels like no matter how much you try and save or invest something happens at the convenience of the government and boom your 2 steps forward takes a 3 steps back direction. Take care everyone, God bless you all. Aloha!

[@rasunsoter]

The only G.O.D. that is blessing ANYONE, is GOLD, OIL and DRUGS!

[@froggy0162]

You watched this and you think the government is the problem…? Wow, Americans really are not that bright

[@maritzadillingham4008]

This is horrible ! It needs to stop ! Greedy corporations! Shame on these private equity firms! Shame on you!

[@Fat12219]

Maga money 💰

[@marvelouslife1309]

I don't know if you've noticed, but Republicans today, they don't know that word. Or ethics. Or morals. And the Republican voters don't know the word decency as well

[@hello-im]

Its not surprising since most of the CEO/share/investor holder either jew or chinese.

[@NeedsEvidence]

That's corporate America. Bernie Sanders ran on trying to fundamentally change that.

[@TellTruthWV]

This is outrageous!. I pray that all of these communities win, and that this highway robbery and abuse will be stopped.🔥

[@guydaley]

Praying isn't going to cut it. You should see the lot rents in Phoenix, AZ for mobile home owners. And of course the lot rent makes their mobile home worthless. The lot rent precludes them from ever selling their home. Lot rent is commonly in the $800-$900 range. And of course, its worse in CA, OR, WA

[@janetalvarez7600]

Amen 🙏🏻

[@cstuartdc]

You have to THREATEN legislators unfortunately. I don't mean with violence. . .but paint a picture of homeless people all milling about in their hi falootin' business districts, panhandling people on the way to work. Appealing to their sense of right and wrong won't work. Never does.

[@JeomaCk]

🌹I think the retirement crisis will get even worse. A lot of people can't save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won't have a house to retire with either

[@Draish-l2b]

Talking of been successful I think I'm blessed if not I wouldn't have met someone who is as spectacular Mr Alvarez

[@CharlieLavoie-hu9dr]

You don't have to be surprised, That's exactly his name( Alvarez Harry) so many people have recommended highly about him I'm huge beneficiary of his platform from Brisbane Australia 🇦🇺

[@Brielle77-p4h]

Having a perfect manager like Mr Alvarez has save me alot it's high time I do what's is right and recommend him to vervonel

[@KimKoskinen]

What' supprises me about him mostly is he gives his clients access to his trading site whereby they can monitor their on

[@KyleighBouchard]

Please how do i get connected here in Norway 🇳🇴 I want to invest, is there any where I can contact him?

[@kmw8775]

My 90-year-old mother lives in a manufactured home that she bought 10 years ago. My sister lives with her, and between the two of them they manage well. They have a very nice house. The park they are in is run by a young man who has taken it over from his parents, who ran it for years. The lot rent has gone up over the years, but only in proportion to actual costs rising. The park is very well maintained, they enforce standards to keep it looking good, and she is very happy there. It will be a disaster if one of these private equity firms buys out the lot owner and raises her rent significantly.

[@homelessmillionaire1]

It's going to happen, prepare and look to move as though it has already happened

[@kmw8775]

@@homelessmillionaire1 It might not. The young man who's running it now it takes his parents' experience very much to heart. The family is well regarded and they make a decent living. Sometimes people realize they don't need more than that. Especially when they are not anonymous to their customers, but interact with them regularly. At any rate, they will stay there as long as they can, and hopefully that will be the rest of their lives.

[@mikew466]

Probably not an if but a when. Your mom will probably not face this crisis, but your sister likely will.

[@cosmicllama6910]

@@homelessmillionaire1 Where is there to go when this is literally country wide and all housing? They won't stop until we say enough

[@markfreeman4727]

@@kmw8775 problem is they may force him to sell, i know one crazed money mogul thats suing farmers who wont sell him their land

[@Me-yq1fl]

I'm thankful I'm the only person in line to inherit my father's house. I'm keeping that baby.

[@telmnstr]

They can tax it out of your possession

[@blacktara3936]

Growing up, our dads worked, mom stayed home and had a few kids. We lived in decent, solid homes, with manicured lawns, vegetable gardens, pets. We ate well and wore nice clothing. We went on occasional vacations and had bountiful Christmases. We felt safe & secure. Hurts me so deeply that today's children will never know such a lifestyle.

[@bellasue02]

@blacktara3936 yep we had it good

[@TrevorPoole-y7b]

Unless you were black

[@bobbituka123]

People kept on voting for Reagan who dismantled unions and defined pensions, gave tax breaks to corporations who then fled overseas with their profits. Clinton’s NAFTA was disastrous for manufacturing but great for corporations. Anti monopoly laws were weakened by the Supreme Court and private equity became a thing. Kleptocracy and the gilded age of the Oligarchs rule. A South African and South Asian will determine if you actually need your Social Security. If they cut you off you can always work at an Amazon Warehouse.

[@janegray5835]

You’re missing all the downsides- women had no rights- couldn’t get credit in their own name, fired if they were pregnant, even with advanced degrees, were only given jobs as secretaries. I guess if you’re brain dead, it’s fun to stay home and be Suzie home maker. My mom didn’t. I didn’t. My daughter in law doesn’t. There was a lot of Valium given out by doctors to help women cope with a boring ass life.

[@dlynn101]

@@bobbituka123 then CITIZEN UNITED.

[@solesticia]

Housing is like eating, it's a basic need. What kind of society treats human beings this way?

[@emmaandersson9015]

Your precious United States of America, The land of The free.

[@SquidCena]

Corporations and western society treats human beings this way.

[@KyleEvra-15]

Wage Slaves are nothing but Wage Slaves to them.

[@priscillawilson2634]

capitalist = literally money before people

[@alexxx4434]

Capitalistic society, duh!

[@jamesrusselleriii8284]

The worst is when investors buy up mobile home parks and proceed to kick them out, demolish the park, and build luxury apartment buildings on the site. It's happened time and time again in the Salt Lake City area.

[@willclayborn1220]

It's happening right where I live in metro Atlanta too

[@DallaS.88]

Shoot, and in Las Vegas, developers aren't building homes to buy. They are building new homes in large developments specifically to be rented.

[@ThatsJustPeechy]

And people wonder why the homeless crisis is so bad

[@shanerogers9386]

Why is the leadership of these companies still breathing air!? Publish their names and addresses

[@homelessmillionaire1]

​@@willclayborn1220where, of Fulton industrial?

[@fubi0688]

Happening in Southern Indiana right now. Not just in these parks but all over the place a big company from Utah is buying up tons of real estate and increasing lot rent and apartment rent and also renting out properties in suburbs. An out of state company owns a stupid amount of Southern Indiana's housing.

[@lonelylad9818]

The problem with this country is that it pretends to fight poverty but actually just fights poor people. It takes away all options for the poor and leaves luxury as the only choice, and nobody can afford it. We tear down cheap "ugly" apartments and build fancy ones.

[@epursimuove1633]

I feel like they’re pretty honest about not giving af. Politicians will say anything anywhere but how many people do you know that actually cares enough to do something?

[@lonelylad9818]

@@epursimuove1633 They're all villains.

[@rosethorne9155]

And those fancy apartments--excuse me, "luxury condominiums"...they sit empty for years before a few of them get bought up. But the building is NEVER full to capacity... (I really think a lot of those building projects are just money laundering schemes, and that city governments are in on it...)

[@CK-hu8vz]

Agree. Plus, these so-called "fancy" ones look pretty and shiny but are built with cheaper materials and will deteriorate earlier.

[@rosethorne9155]

@@cyggy63 They've been doing that over the last 10 years, in the city I live in. 😞

[@BestoftheBest-oz4ei]

Not just for housing...look what Private Equity Firms have done to once beloved companies like Sears, Toys R Us, etc. The come in, saddle the company with debt that they can never repay and then pick apart it's carcass bit by bit!

[@beachdweller3378]

Right on. And the bankers give them the money to do it as well.

[@lazerrhino]

​@beachdweller3378 and our govement bailed out all of these shitty companies during the pandemic. Not even the govement cares.

[@lainiwakura1776]

No, K-Mart killed Sears through mismanagement, that wasn't private equity.

[@scallopohare9431]

Sear was for sh*t. Dumpy clothes, nasty sales people. They did it to themselves, and took a long time.

[@replicant_7774]

Evidently my comment got deleted. My park in Tampa was purchased a year ago. They doubled my rent from $580 to $1300. The owners never fixed anything, and neither do they. And now we can’t move because the cost of living here is so high, we can’t save money to.

[@missdesireindependance5194]

You may have to sell and get an apartment.

[@JenniferLloyd-h9g]

They're slumlords. Isn't withholding rent legal until repairs are addressed? This is really sickening. Also, if you can move, it's possible the same thing will happen someplace else. It seems like they're buying up all the mobile home parks.

[@dees900]

S1300 as per Canadian standards is suddenly considered cheap. Imagine how horrible canada is...

[@rogergardner7740]

Apartments are just Prisons with a Pool

[@elizabethlibero1878]

Florida voted for Trump….

[@laurierounds7102]

TY for drawing attention to this issue. Profit over people in this country has to stop. The corporations have no intention of stopping so government must step in to protect the most vulnerable. ❤