Wall Street Finds New Way To Make Housing Crisis Even Worse

[@dilara4130]

I hope we all know that it doesn't matter who is in the 'top job' because this is a systemic problem -- greed. We have allowed many of our economic sectors, to take advantage of the American people. It's disgusting and frightening for the future of our country. My husband and I will be retiring in the next two years n another country. We are absolutely worried that SS! will no longer be funded. we'll have to rely on his pension, a 403 (b) and a very prolific Investment account with Stephanie Janis Stiefel my FA. Our national debt is bloating and expanding every month. Our government needs to get spending under control and cut the federal budget.

[@DaraangelyHarvie]

I know this lady you just mentioned. Stephanie Janis Stiefel is a portfolio manager and investment advisor. She gained recognition as an employee of neuberger berman; a renowned investor she is. Stephanie Janis Stiefel has demonstrated expertise in investment strategies and has been involved in managing portfolios and providing guidance to clients.

[@JessieeAlmar]

I’m planning on moving to Thailand in the next 5 years if trump’s government doesn’t do anything with the high prices of groceries and taxes What about you??

[@KarencitaSacher]

I went from no money to Invest with to busting my A** off on Uber eats for four months to raise about $20k to start trading with Stephanie Janis Stiefel. I am at $128k right now and LOVING that you have to bring this up here

[@LuuzbelitoPirogovsky]

My sister lives in Aussie. They have good healthcare better than America. I am also moving there after I retire.

[@emmabeyza6036]

Please stop gentrifying countries

[@DavidHogan-ok1ps]

I own 3 homes and LITERALLY EVERY DAY I'm solicited at least 6 times to sell to private equity firms. Normally 4 times at work and 2-3 times after work.. with calls coming in as late as 9pm. Pass an obscenely high tax on single family home properties that are not resided in by the owner! A tax like that would make housing available for my kids as well. But until then, I'm not selling my homes. I buy our homes and refuse to sell bc I'm keeping them for my girls, renting them out in the meantime. How else are they going to own a place to call home?

[@oldcatlover]

They are blessed to have you. As a single mom, most of my life, I was only able to buy the home they grew up in.

[@paulkersey724]

Wow you need to get your number on the do not call list or maybe your info is out on the web for sales schmucks to buy. I own property and I occasionally get a letter in the mail offering to buy my house but I promptly throw it in the trash. Also alot of those we buy homes schmucks are just house flippers. They offer you a lowball price and then do some shoddy renovations and sell for profit. So they windup back on the market but at inflated prices.

[@harbaapkabaap2040]

The corrupt politicians will never do that, they will in fact go the other route and make it impossible for you to hold on to your properties and force you to sell them to favor big business.

[@TheancestorsJackson-n9q]

It should be illegal for private equity firms to buy homes PERIOD........

[@edwelndiobel1567]

You see you think the rate is the problem but the problem is a 500k house worth 50k!

[@sal5604]

That same house is cheaper elsewhere. Leave the coastal area.

[@dianegreen1937]

It's a damn shame. My own child is still waiting for the opportunity to BUY a home! It's terrible.

[@Deport_Them_All]

Close the borders...they have too many kids....takes up all the housing 🏠...

[@patrickkeschl596]

A new mobile home or Modular home isn’t even cheap today.

[@ppraish]

Wall Street should not be allowed to buy houses and rent them out. It's a horrible idea.

[@mikej5959]

Mom and Pop landlords and apartments. That should be it.

[@sal5604]

​@@mikej5959What mom and pop can afford a 24 floor tower in NYC or any other major metro?

[@miker953]

@ppraish what I saw was brand new construction and they're not even done yet but instead of the big "for sale" sign for the area, it was "New Homes for Rent" or something similar being advertised.

[@EdCooper-qp6ml]

Being a 40 year builder now retired. New homes are built like shit. Can't see how they pass code?

[@MatthewDutil]

They've replaced a 2x8 with 2x4's notched with a groove and a sheet of OSB sandwiched in between. They also think Zipline will protect the OSB sheathing from disintegration. Also, replacing 16 OC framing with 2 ft OC framing with clips.

[@madamedefarge9503]

@@MatthewDutil This is damn scary. And then the insurance industry will up the greed factor (not the banksters) with sky high insurance premiums.

[@GadgetBeat30]

Chase purchased 84k residential homes to force employees to work. They never plan to allow you to purchase. THIS SHOULD NOT BE ALLOWED.

[@bytemecommunications]

As the WEF says, "you will own nothing AND you will be happy"!

[@adrianthinking2008]

Corporation owning homes should have zero right off

[@scythas]

Looks like we need more Luigis

[@WillandShawna]

Its unfair but you don't see our government doing anything about it do you? Because the government is sleeping with private equity.

[@MrMezmerized]

Partially, yes... but arguably the bigger problem is all the people that vote against their best interests. They don't want regulations, because regulations are bad, because... well they just are.

[@WillandShawna]

@@MrMezmerizedGov + Private equity = the US being a renter nation

[@JebusHypocristosX]

@@WillandShawna Citizens United gives corporations the freedom to buy politicians and most of them sell out.

[@MrMezmerized]

@@WillandShawna And as long as people keep voting for politicians that make it worse, rather than better, nothing changes.

[@ScottZupek]

@@MrMezmerized the Senate and Congress (lawmakers) are literally owned by big investment (pharma, vc, you name an industry big enough). They will never vote against their donors and the president DOES NOT MATTER. Bernie was the best bet but the DNC picked the less voted for candidate in the primary because they can do that. It's up to them, not the voters. Wake up. Both sides are owned by Big Money interest.

[@RyanAguiar3]

People who go and rent these houses are also part of the problem.

[@earlyriser5877]

If that's all you can afford it's not the problem

[@KimberlyWestbrook]

@@earlyriser5877 Shut up boot licker - you cant afford these homes, lmao. you will be drained through fee's, fines, deposits, parking expenses, increased utilities, key charges, and rent increases. This is slavery with extra steps. landlords are parasites to societies.

[@RyanAguiar3]

@@earlyriser5877 you don’t have to rent an entire house, you can rent an apartment and save. Dude rented a massive house for himself and 2 dogs. Calm TF down.

[@ga1actic_muffin]

I don't understand why everyone only talks about healthcare as the only destructive industry, The next CEO that needs to be made example of is a Realestate CEO gonna be honest...

[@michaelpatterson7412]

Wow the renter doesn't realize the more that they do this the higher rents will be and the harder it will be for him ever getting to step 2. wake up!

[@michaelcrandall358]

Increase housing stock. There's already like 14 million vacant homes, and only maybe a million homeless people. We could solve the problem immediately if we cared about human life. They want chaos, in the streets.

[@User39842D]

Homes should not double in value every 10 years. This is unsustainable. Who is buying these tiny 750k homes?!

[@chrisglosser7318]

Elon Musk could buy 400,000 of those with just the money he’s made since the election

[@eldenringer6466]

This is the end of the American dream. It's over.

[@cc1k435]

That's what I think, too. No future here.

[@Creaserunner]

Same as our republic. We are an oligarchy.

[@aarongordon2998]

It was over before it began. It was all a scam. We were just too young to realize we were being lied to. We assumed our government cared about us citizens and believed the lies when we were told we were the best country in the world. We've only ever been lied to.

[@lostvisitor]

There is a reason it is called a "DREAM". The country was founded by the rich for the rich. We are nothing but support for their life style. That is why we were not given the vote when the country was founded. They need us. Why do you support them???? I work for my self. Supporting my neighbors so they can get to work supporting their families.

[@Melo-rt3zk]

High Property taxes and insurance is another kind of renting a house.

[@citizencoy4393]

These rentals do not seek long time renters they want to change out tenants ever 2-3 years! They also tend to demand credit rating of 650 plus and deposits of 2-3 times the rent! These homes are not for average Americans. They are for professionals that move around a lot! What about Americans?

[@sw6118]

Build to rent is a guaranteed income stream for billionaires. It is specifically created to ensure that you’re a slave without formally indenturing you.

[@cyberinsecuregaming2890]

I bet the rent is higher than what a mortgage payment would be on that home. We're paying a premium for renting.

[@michaelfowler2603]

@@cyberinsecuregaming2890 NO THEY PAYING A PREMIUM TO RENT SO THAT IF ANYTHING BREAKS IN THE RENTAL THE LANDLORD FIXES IT! AS I SAID 99 PERCENT OF PEOPLE ARE LAZY!

[@winstonrobinson6732]

IF you have a home you better keep it or you will be renting.

[@YevKassem6288]

I'm so sick of this country. It's like at every turn, some prick is trying to run a scheme on me to pry away every last penny I'm worth. I mean everywhere - housing, movers, groceries, restaurants, the gym, insurance companies, Uncle Sam, employers... it's endless and exhausting. Of course people are pissed - our nerves are shot from the stress. We really elevate greed to unprecented heights here, like no country in history. It will be our downfall.

[@woodliceworm4565]

Wait until Musk gets going - mass replacement of US workers with cheaper imported ones is just the beginning.

[@Deport_Them_All]

Close the borders...they have too many kids....takes up all the housing 🏠...

[@damham5689]

Even if you now own or can afford to buy a home , the HOA fees, property taxes, and insurance, cost a lot more than the mortgage.

[@mattadams5541]

United Corporations of America

[@ronm9725]

Yeah, it was already terrible, and then we got hit with “Citizens United “ with the help of Ginni Thomas. Which gave corporations even more power.

[@beeforeal5497]

Klaus Schwab says people will "own nothing and be happy" and most people just think he's joking.

Ironic that dems have been the ones pushing his agenda forward so hard.

[@beeforeal5497]

It appears that way but I think they're all in it together at the top.

@beeforeal5497 Weird my comment is gone. It looks that way because most of the top is part of the wef leaders program... Which has been run by Schwab for like 50 years. They've failed 2x already.

[@JebusHypocristosX]

@@beeforeal5497 That is what makes Luigi so popular. FREE Luigi

[@patrickkeschl596]

In so many ways, young adults in their 20s and 30s have it worse off economically than their parents. Moving to a different country to attain a higher standard of living and better future is becoming more and more attractive.

[@birdlover7776]

That is the new american dream

[@ianburton9223]

That was my solution 50 years ago. Not a lot has changed since other than perhaps there's more or easily obtained information about such moves. Expectations are so much more difficult to manage than reality. I believe that's what has changed - people are now expecting more than previous generations.Expectations are growing faster than economic reality.

[@JebusHypocristosX]

@@ianburton9223 Nope. That is complete and utter hyperbole. The baby boom generation could raise a family and live a comfortable middle class life on one average salary.

[@ianburton9223]

@@JebusHypocristosX You're partially right - that was true for around the first thirty years of my life in the UK. But, with some slightly different timelines for various countries I've lived in, including the USA, expectations have grown wildly out of synch' with real world economies.Since the 1970s, people in business, administration and as individuals have made decisions based on increasingly shorter and shorter time scales and unrealistic expectations. Several school friends have stayed in the town they were born in and through modest expectations and prudent decision making have survived in relative comfort. Others have been less prudent and taken on greater debt and suffered the consequences when local businesses had setbacks and workers were laid off.

[@JebusHypocristosX]

@@ianburton9223 No the numbers say you are wrong. The statistics clearly show how the 1% have benefited disproportionately since the 80's while the middle class has shrunk and poverty has increased and I have witnessed it myself. Of course I am not as fancy as you I only speak read and write 5 languages only lived in a handful of countries when I was not deployed for combat abroad. You are either mistaken or lying.

[@anonymousbiscuit5799]

This all started back in 2009, when the feds gave all that money to save these companies it never reset the housing market. What needed to happen was let these companies with bad loans in their books crash so the housing market got reset or give the money to the home owners to pay off the underwater amount on the home and let them refinance at 3%. Sorry but building isn't the issue it's these companies that took that bailout money and threw it in the stock market and buy backs programs to increase there stock prices. The housing market is absolutely overvalued across the board and until a real reset happens nothing will change. The fed is looking to pull out of loan buy back program because it's becoming to expensive to keep it going to save the housing market from crashing again.

[@backyardbullies9105]

This has been going on for a few years now while we worry about what restrooms people are using

[@masquarra]

And the green M&m shoes

[@Deport_Them_All]

Close the borders...they have too many kids....takes up all the housing 🏠...

[@ethanmaloney7377]

lol corporations can keep doing this shit they just creating more Luigi’s by the day putting their ceos at risk

[@nick_7979]

“You will own Nothing and be Happy” No thanks

[@Rob-r2s]

You will own nothing, eat bugs and be happy.

[@Blake_the_Drake]

My wife and I bought our starter home 10 years ago, we've outgrown it at this point and really want to buy somewhere else, but there is no way we would ever leave our super low interest rate at this point. Housing prices are too high and interest rates are too high

[@heathdoheny5133]

If we're not facing a housing crisis Before we are now Eventually we won't be able to afford any of them.

[@RaymondSoon]

Ahh...the Great Reset, "where you will own nothing, and you will be happy". The country is becoming a plutocracy.

[@JD-im4wu]

it already is a plutocracy its now becoming a super plutocracy thanks to Trump 2.0

[@zeemc2751]

This country is a big joke.

[@DavidHogan-ok1ps]

Why can't we pass a tax on single family homes that are not occupied by the primary owner at a rate which discourages private equity from owning single family homes? Ah, bought and paid for politicians.. nmd.

[@PatamaGomutbutra]

The law ending hedge fund influence American home is already proposed on Dec 2023

[@ianburton9223]

That would kill the rental market by pushing rents above what people can pay. In France there are many people that rent out their second homes as a form of generator of pension revenue. Yet one more simple idea that has consequences for greater than the original problem.

[@JebusHypocristosX]

@@PatamaGomutbutra ​ The GOP hyperbole machine lies being parroted ianburton9223 is one reason such bills never become law. These corporate terrorists have AI propaganda bots spreading their lies and many people believe them. The GOP is against any new taxes and they will never pass.

[@arashazadman]

Renting and owning should be the same in terms of building wealth. This idea that people throw away money if they rent is the root of the problem.

[@eldenringer6466]

Paying someone else's mortgage and having almost no rights is the problem. Lack of ownership leads to a feeling of worthlessness because...a home you dong own is worthless.

[@cc1k435]

There's no reverse mortgage to draw from on old age, which is what many people have come to rely on in later years.

[@davidpickett3304]

Look, I don't want to hear "build wealth" come out of Ana's mouth again. I don't give a shit about building wealth. I want a yard for my kids. I want a HOME. At 46, I need a house that hits it out of the park on the first try because it'll likely be the home we have for the rest of our lives. At my age, my parents were on their 2nd home already. I'm done with this weak af soft touch approach. Make the developers and the bankers fall in line. Bring our government to heel. If someone wants to keep pushing us down and moving the goal posts back so they can keep getting richer off our backs then it's time to stop talking and being soft touch about and its time to start putting people in their place. Full stop.

[@ChrisCarder82]

Corporations and banks should not be allowed to own houses at all. Foreign investors shouldn't be allowed to either. There are no circumstances where "build to rent" should be legal.

[@dfinma]

Build-to-rent has been a thing forever, look at all the triple-deckers built a century ago. The new problem is scale -- now it's all the subdivisions.

[@jeremyrangel8138]

Brilliant, let's just reduce the housing supply so we can all fight over the already-dwindling housing inventory.

[@ianburton9223]

You've just cut off all social housing. So no waiters, refuse collection, seasonal agricultural workers and a whole host of low paying jobs for which people need low rents and mobility.

[@JebusHypocristosX]

@@jeremyrangel8138 Don't forget the trolls and corporate propaganda parrots like ianburton9223 here spouting endless corporate propaganda and lies.

[@miker953]

I just saw a bunch of these being built on my pointless commute to work for the job I've done remote for 15+ years ("return" to office policy without any care for past performance).

[@timtowers7997]

With peoples' money being hoovered up in rent or mortgage payments, this hugely impacts their disposable income. It is a massive handbrake on the economy. A successful economy is one where everyone pays their fair share of tax to provide infrastructure and public services for all, and the middle and lower classes have lots of disposable income to spend on goods and services. The downward spiral we are now in will lead to a feudal society, and when it does, the pitchforks will come out.

[@ianburton9223]

I agree, your point of view is one of the few in this thread that looks at the wider implications of this issue. Thank you for this.

[@blumandolin]

Those same corporations control the material cost for an individual to build his own house on his own property, just look at how much a single 8' 2x4 has gone up in the past 20yrs. or a sheet of plywood.

[@Tfn52]

The property tax solution would require a government who perceives its role as serving the public interest. Can you imagine such a government?

[@Tulipsaki]

Working hard in the US is like running in place and going backwards.

[@TheJoshuad216]

Not to mention they're charging 1500 to 3k a month if it was around 800 to 1k it could be a good thing but no it's about profit

[@KOLAkola]

You will own nothing and be happy 😮

[@prim.an.propher1505]

The “own nothing and be happy” idea is so fitting

[@aryndar]

when your lease is up, expect an increase in rent....EVERY....SINGLE....YEAR...

[@Nunya-l7n]

Built to lease = built to make private equity richer and not built to last

[@scorpion375]

Its hard to believe you will never own your HOME.. Okay rent does go up so does property TAXES every year and also Home Innsurance every damn year.. I live in FL and taxes and insurance have gone through the roof not counting maintaining the house..

[@JebusHypocristosX]

Thank Meatball Ron.

[@ianburton9223]

Few people consider the cost of owning a home and make a simplistic comparison between monthly rent and loan repayments. Nobody buys a house and then has zero housing costs for the rest of their lives.

[@JebusHypocristosX]

@@ianburton9223 Most people are broke because the 1% have all the wealth #EatTheRich "most people" idiotic hyperbole.

[@ianburton9223]

@@JebusHypocristosX I agree with you. That's the current status. But, how did this happen, and how can this imbalance be adjusted. Confiscating the wealth and distributing it to the rest of the population will hardly work. If all of Musk's wealth was given to the rest of the American population that would be only $1000 per person.hardly enough to make a change for a month. So really the issue should be how to change what created the imbalance. Perhaps that America could moderate the image of accumulation of wealth, the exaggerated payments to stars of sport, and business. Not long ago (2001) the US had a net profit in trade and spending. Now (2023) the annual deficit is in the trillions of dollars. And for this the people are paying 13% of the government income just to pay the interest on the debt. Clearly there's not a simple fix to this, but a start could be made if people bought less and produced more. Difficult, but not impossible. It's really just a change in the nations attitudes.

[@JebusHypocristosX]

@@ianburton9223 It can be done the easy way (How FDR did it) or it can be done the hard way (see various violent revolutions French, Russian etc...) The 1% have been clawing back the things FDR, when Eisenhower (A republican) left office the top tax rate was 92% on the wealthiest people. Since Ronnie Ray-Gun the rate at which the GOP has destroyed FDR's legacy has been at a record pace, keeping in mind they are eyeing Social Security next. When people have nothing left to eat they will #EatTheRich probably with BBQ so they don't taste so bitter.

[@icecold8974]

Now every family home will go through what I just went through. I had to leave an apartment that love and 2 blocks from my work, because my greedy landlord decided to increase rent another $400. They will do the same with rental homes.

[@gokoronkwo]

Your landlord isn’t greedy. His/her taxes and insurance costs went up big time.

[@shannonjohnson4314]

@@gokoronkwo when people stop renting and are living out of vehicles he will have to pay those taxes on his own.

[@icecold8974]

@@gokoronkwo not buying it. They are scamming people. They use a live market rate and AI software, that manipulates fixed rental prices using real page. A unit I was views increased $275 in just 4 hours, because of so called demand. Stop make excuses for the greedy pos.

[@sal5604]

​@@icecold8974Similar issues are starting to be seen in the auto markets. Car insurance has been going up because someone needs to pay for uninsured motorists.

[@citizencoy4393]

Afro American and this has been the cycle that most of us are stuck in. Rent, rent increases or u are forced out, rent again. You can not save or build when constantly on the move and worried about money.

[@williammason352]

Get big business out of residential real estate. A limit of 5 homes used for renting out should be made...or something similar to the idea.

[@eec4me]

God...I hate the site of track houses.... It's like a place to go and have your soul crushed.

[@theeerc123]

No wonder it’s called the American “Dream”. You have to be asleep to believe it

[@deceio]

😴

[@classicclassi6146]

Instructions unclear, sleeping inside house

[@deceio]

@classicclassi6146 Good night 🥱😴

[@TheBierman19]

Proof that we live in a sick society

[@cheknfaks]

Renting/ leasing sucks and they can throw you out if you don't pay their high cost. they will get your foot in the door, for a simple fair price but that will change. The system is designed that way to take over property. SCUMBAGERY!

[@adeptgopnik]

banks will throw you out if you dont pay high mortgages also

[@cheknfaks]

@@adeptgopnikExactly, and It all stems from the banks and the high property tax to take over land. Land is what the wealthy want so we the common people are at their mercy. This is the new form of American slavery... and also the downfall of this country.

[@MatthewMortensen1]

You'll never hear this on CNN, MSNBC or FOX.

[@auspiciousj]

Mortgage rates do need to decrease, but the price of houses is inflated. Make buying a house affordable.

[@edwelndiobel1567]

Exactly why the problem exists. People dont think about what they are actually paying only the rate. This is foolhardy. But its the common mindset.

[@danven1256]

Interest rates are low, you people haven't grown up around high interest rates. My first house was 11% and at the time I was getting a bargain because it had been close to 20%

[@edwelndiobel1567]

@@danven1256 Why are you saying this? We are saying rates are not high but houses themselves are too expensive.

[@professorprofessorson8795]

Ban build to rent, they are terrible quality house that’s build with the cheapest crap designed to fall apart after extracting all the money from us peasants

[@eca7773]

Always amazes me that people keep pointing out that the gap between the rich and everyone else keeps getting bigger, but are okay to allow rhe rich to own all the property and rent it out. Basically forcing others to give them their money to have a home and to not be able to build capital wealth that is spread out more evenly amongst everyone. 🤦🏼‍♀️

[@Kuulei265]

Follow the MONEY!! Honestly, someone needs to do an investigation into this. WHERE did the company get their permit from? Were other solutions considered. This should be RENT TO OWN. Not rent to not own!! Awful idea. Just like pouring salt in the wounds of people. I bet someone got a “kickback,” from the company.

[@pamelap3978]

This is terrible and so sad for young people trying to start families

[@FictionalPersonality]

BlackRock, Redfin and Zillow are doing this as well. They hoarded homes for the last 10 years. Outbidding first time home buyers, to rent or make a buck after a few months. Inflating the prices artificially.

[@TheBullMooseNetwork]

Hey Ana, this is what happens every time. It happened with the build-up to the 2008 crash as well. Pulte, Toll Brothers, and similar companies were overbuilding. This provided a path for banks to take advantage of subprime mortgages, overlending because "it was cheap and affordable." When the crash happened, those same contractors wound up with a stockpile of garbage cookie-cutter houses worth a fraction of what they were selling them for. Housing is a human right. Stop trying to make it a goddamn investment. A house is not a stock. Nothing needed to survive in modern society (like housing, food, water, and healthcare) should be for profit. Gaining profit should be restricted to toys that are not needed but are nice. For example, we need access to phones and the internet just to be able to apply for jobs nowadays. But that doesn't mean you deserve to be given the latest smartphone and laptop. A basic clamshell (flip phone) and an off-brand computer are all you need. You want more? Earn it. The same goes for housing. You don't need a mansion, but an individual should be able to live comfortably in a one-bedroom apartment. Want the mansion? Earn it. Stop gauging your neighbors because you want an extra penny (which is a made-up concept. Money is fake). This is remedial shit. Why are we making it so complicated?

[@steelalpaca1085]

I have a decently good job. I will never ever ever be able to afford a 20% down payment. Guess I rent till i die and my family owns nothing ever. And i just have to be happy i can afford to rent and not live on the street.

[@sal5604]

Shop around. Not all home loans require 20% down.

[@Jeremym097]

Well, according to Republicans, you’re just lazy you should be working two full-time jobs. And you should hate the immigrants for buying all the homes It’s not the government’s job to make sure housing market doesn’t turn into a commodity and if we just give more tax cuts to the rich and lower minimum wage deregulate everything and put tariffs on everything stuff will work out lol I’m sure for them but not you

[@amnesiaenigma1471]

You shouldn't need 20% down, at least if you buy new. I may have gotten "lucky" buying a home in 2019, but with 1st time homebuyer credits, developer specials with mortgage specials, I moved in my home for like 5k. I officially have a "second" mortgage that was the down payment, but the full amount is forgiven after 6 years of ownership and I haven't paid anything on it.

[@johncheresna]

Greed has no end or morals.

[@jayluck8047]

Capitalism and morality are incompatible.

[@chuathianpoh3849]

… what can anyone expect from Wall Street?… but to make more money… buy up all real estate… and control the rental prices?…when any person rents a house… the monthly rents become another EXPENSE… but when he purchases a house… that is ASSET… that will eventually grow in value… because LAND IS SCARCE… and when land and property is scarce PRICES GO UP… UP…UP!

[@hottuna7]

As she said, "It's so easy for them," because they have power and influence. Make no mistake, this is just a small part of their plan to eventually have complete control over everyone. When people have no recourse, they will do whatever they're told.

[@texasrefugee7888]

In Greed We Trust 💰🛐

[@vangoghsotherear4114]

i would live in my car before I rent out a family sized home. People need to stand for something

[@potrelviewer9536]

At this rate, anyone who isn't a billionaire will end up jobless and homeless. The poverty rate will be way worse than the current Argentinian one.

[@ianburton9223]

Just imagine billionaires having to clean their own yard and cook their own meals because the working classes have all emigrated elsewhere.

[@Tfn52]

The federal government could put a property tax on the owners of more than 4 or 5 dwellings that is high enough that they are no longer profitable own as landlords. This would force them to divest their properties that would force the prices downward.

[@chrisglosser7318]

1:38 Literally knew this was a private equity scheme when I saw the thumbnail 😡

[@joe848484]

As someone in the construction industry, I can tell you that there is no issue with actually building houses right now. Prices on lumber and concrete aren't grossly overpriced right now like they were during COVID. But it is true that between wage increases and increased local regulations (we're in California) it isn't nearly as lucrative to build single family homes for sale as it used to be. The only way to recoup your building costs is to build properties for rent. We are building more multifamily buildings and turning more single family lots into multifamily developments. By the time you buy lots, pay taxes and permitting, (and permit wait times are out of control right now, leading to increased delays which of course increases cost again.) so the only way you can make any money is to take a loss on the construction and making it up over time through rent. We live in a time where increased regulation and red tape helps large companies own the whole market since smaller construction companies can't afford to play the same game that they are.

[@badboy....6092]

America's need to stop buying homes and buy land and Trailers

[@chrisamanda8598]

It's not the interest rates like he says, it's the inflated housing prices. The 40 year average is 6 to 7percent. The price to average household income ratio is larger than ever

[@antclerfont8478]

As Wall Street always does for decades... .. No wonder we have homelessness and less home ownership

[@michaelransom5841]

I didn't know we are living medieval Europe between the 9th and 15th centuries... welcome to the serfdom!!... Talk about history repeating itself!!

[@Qj_empire]

“You will own nothing, and you will be happy”. Klause Schwab

[@georgechronis3169]

Keep printing money and homes will continue to get more expensive!

[@JD-im4wu]

thats what Drump said

[@rockarollawmn]

I like when TYT hits a topic and gets it right without slandering either political side.

[@pbj4338]

My landlord has purchased over 50 homes, with cash, to turn into rentals. The big difference is, he actually provides affordable rent. He legitimately wants to provide affordable housing for families.

[@MrNiceGuy500]

He isn’t a corporation, prob a good American. The only saving grace of some of my family members whom are renting are renting from small landlords with a heart.

[@kashmoney7421]

We're not messing with your ability to obtain eggs we're just buying up all the chickens 😂.

[@ppraish]

Good one😂🤣

[@vampire64]

My mortgage monthly payment is less than monthly rental rate. I got lucky I bought before this happened

[@ianburton9223]

But rents include maintenance, property taxes, and maybe insurance, which your mortgage payment does not. Maybe it's still the same answer if you do the arithmetic, but at least you would be making an equitable comparison.

[@BeepBeepImASheep1230]

Time is against us. It used to take 3-5 years for a young adult to start with no money, get a job, and save up for a home. Without taking out a loan. That was the 1950s. Now, even after 30+ years people are still paying off their homes AND property tax. Just to live somewhere. There is no housing security anymore. Owning a home means being secure, having a stable place to raise children, start a garden, homestead, etc. Things that are mentally and societally healthy that you cannot do in apartments. Nowadays, living in apartments means living paycheck to paycheck and moving to a new area, sometimes a new state, every couple of years. We're forced to be migratory people by the ruling class. And most apartments do not have a yard or any grass you can garden in. We're forced to buy the food they sell us in the grocery store. They stole the American Dream from us. They're greedy thieves and try to justify it by saying "Oh, well it's not illegal! I'm allowed to!" This level of greed being legal is the problem. They need to be stopped. The upper middle class need to wake up and realize what's happening. The poor are fighting to survive and dont have access to go to college to get a degree and enter into politics. Someone needs to fight for us.

[@jeremymartin6335]

I think we're going to have to fight in unity, us versus them, because there's no rich politician who has our best interest in mind.

[@buckcampbell4292]

Part of the problem is people aren’t willing to live in a home they can afford. They think it’s beneath them.

[@emirmorca5751]

@@Winstonrodney6989imma be honest 7 percent is kinda crazy in an already overblown market. The market is just like the diamond and gold industry, restrict acsess thus hiking prices. An example of that would be black rock buying whole suburbs, leaving them vacant. Thus dumping local prices and making others flee through isolation and then buying it up cheap. Building cheap and renting high.

[@JebusHypocristosX]

@buckcampbell4292 So explain why "Tiny homes" are such a massive growth industry and show your work. Your idiotic hyperbole is pathetic.

[@UnHellTowers]

Thanks for talking about housing.

[@andrewmartinez8340]

So i guess "You will own nothing and be happy" is not a conspiracy theory anymore

[@JebusHypocristosX]

No, they just projected onto the government when it was the corporate terrorists causing it.

[@PJ_SellsFord]

You will own nothing and be happy!

[@Kratos510e]

So du.mb, they will eventually only build homes to rent. Owning a home will be a thing of the past. The cattle farm is looking pretty good.

[@vincentrockel1149]

Corporate entities should not be allowed to buy single family homes.

[@PatamaGomutbutra]

The act ending hedge fund influence American home is essentially be law. They create artificially shortage and raise profit from suffer of others and society.

[@MrMezmerized]

There is also NIMBY though: people blocking social housing projects in their neighborhood. And the ridiculously strict zoning laws, which are rooted in segregation.

[@haitileblanc3075]

If you can pay rent you can afford a mortgage. This is ridiculous

[@chere100]

Depends on home prices, and interest. Also, you may need money to put down.

[@jannichi6431]

National and local builders are buying down interest rates on new homes. Makes you qualify for more home. Olden days we did private by owner sales, rent to own, etc. Today ARMs are still a available if you think rates will drop dramatically in 3 or so years. Buyers market...you call the shots.

[@davidgoodman3545]

I happen to home a own bought back in 2004, went thru some lean times during the 2008 crash, but since then value has gone up and up and up. I can't even believe what it's worth way overpriced. And it was basically a starter home. Definitely not worth what they say it is. The price they put it at i would say is what I used to think of as a upper middle-class home and I'm definitely not upper middle class

[@ferrodell2194]

DO NOT RENT THEM❗ BOYCOTT THEM❗LET THOSE PROPERTIES SIT ABANDONED❗

[@JebusHypocristosX]

They have made being homeless illegal. They will be the new corporate slaves when they are in camps for being homeless.

[@soninalphin2771]

The worse this gets, the more people will debate whether or not to become the next Luigi Mangione. This is not a threat but a guarantee, humans have hit their boiling point many times in the past. And the longer it takes to hit that boiling point the worse it will be.

[@sal5604]

Play stupid games, win stupid prizes.

[@darklordvul]

You will own nothing and be happy… and everyone was saying it’s a conspiracy theory. 😢

[@chere100]

Sounds like something that should be illegal.