Why Wall Street Is Buying So Many U.S. Homes

Some Washington D.C. lawmakers want to limit Wall Street's role in the housing market. In recent years, a small but mighty group of corporations bought hundreds of thousands of homes in sunbelt-region suburbs. These homes are traditionally a crucial investment for American families. But rising home prices are shutting would-be homebuyers out of the market. Meanwhile, financial groups are profiting from rising rents while their subsidiaries build small amounts of new standalone homes in the U.S.
Since the early 2010s, Tricon Residential, Progress Residential, American Homes 4 Rent, Invitation Homes have each bought thousands of homes. They've also added to the housing supply in some cases with built-for-rent communities.Some of these companies are financed by private equity firms like Blackstone and investment managers like Pretium Partners.
"It's almost a captive market" said Jordan Ash, director of Labor-Jobs and Housing at the Private Equity Stakeholder Project. "They've been very explicit about how people are shut out of the homebuying market and are going to be perpetual renters."
These calls come after fierce housing inflation hit many Sun Belt states, including Texas, Florida and Georgia, according to the National Association of Realtors.
By 2030, the institutions may hold some 7.6 million homes, or more than 40% of all single-family rentals on the market, according to the 2022 forecast by MetLife Investment Management.
Watch the video above to learn about the rise and future of corporate landlords in the United States.
Chapters:
01:28 - Chapter 1: Landlords
05:02 - Chapter 2: Housing stock
07:55 - Chapter 3: Homebuying
09:46 - Chapter 4: Solutions
Produced by: Carlos Waters
Supervising Producer: Lindsey Jacobson
Graphics by: Jason Reginato
Additional Production by: Bryan Rager
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Why Wall Street Is Buying So Many U.S. Homes

[@firstnamelastname3414]

Corporate entities should not be allowed to purchase single family residences

[@nothanks7475]

Been saying this for years.

[@jayrock2288]

I agree brother

[@kevinbl4836]

Why?

[@scottaron949]

@@kevinbl4836there’s numerous reasons… when the hot water goes out, who do you call at black stone to fix it? When your roof is leaking, do they have a department at progress residential to fix it? The answer is no, they just let it ride till the renter gets fed up and leaves, they make a couple of “updates” and throw it back on the market at a 20% rent hike. I have watched this very closely in Jacksonville FL over the past two years and that’s exactly what happens. I have watched families leave at the end of their leases because their sprinkler systems are broken and the corporate landlords won’t fix it. My coworker is the only homeowner on his street of 8 neighbors. He put down 20% and pays a little over $1,000 a month on his mortgage, but his neighbors are paying nearly $3000 a month to rent. THAT is why they should not be allowed to own residential homes

[@Liam1694u]

Agreed. Or at the very least, they should be heavily taxed on any properties they themselves do not live in and rental rates should be regulated.

[@TimeBucks]

There should be legislation to deter these investments

[@rashidsatti8263]

v.good

[@ghost....tmc287]

Hi

[@adityakushwaha5264]

Nice

[@nasirazam277]

Nice

[@danykuroki5897]

Ótimo

[@Elkemartin213]

The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy or not?

[@Greghilton3]

If you are new to the market, I recommend seeking professional assistance. The most effective approach to creating a well-organized portfolio is to begin with a professional who is knowledgeable about the turbulent yet profitable market.

[@Jamesbrown1126]

A lot of folks downplay the role of professionals until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for a licensed FA and came across someone of due diligence, helped a lot to grow my reserve notwithstanding inflation, from $275k to approx. 850k so far.

[@KarlGrabe955]

I’ve been down a ton, I’m only holding on so I can recoup, I really need help, who is the professional that guides you?

[@Jamesbrown1126]

There are several independent advisors you could research. However, I have been working with “Amber Dawn Brummit” for almost four years, and we get along great. If she appeals to your judgement, you could continue with her. I support her.

[@Quason788]

@@Jamesbrown1126 Thank you for this tip. It was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her résumé.

[@gabrielfair724]

Nobody is trying to fix the root problems we have in this country. Everyone is trying to make enough money so that the problems don't apply to them anymore

[@allenmobley8444]

They’re not trying to just make just enough money they’re trying to get rich by screwing people over. You should see the “fees” Progress Residential and Invitation Homes place on their rentals.

[@sonsflower]

Thank you for hitting the nail on the head. This is the root of all the problems we have in this country. The root problem is that politicians never address the root problem.

[@nperegri]

🎯🎯🎯

[@ronswansonsdog2833]

I mean, you’re not wrong 😂

[@Stoneface_]

And nothing is wrong with that

[@tomasdiaz1000]

This issue needs to be responsibly addressed before average Americans are barred from owning any real estate. This is how corporations will continue to keep us renting forever and it’s absolutely an attack on America’s 99%. Average people cannot compete against large companies.

[@Demopans5990]

You will own nothing and you will be happy

[@jpii8468]

@@Demopans5990 I was going to make that same comment.

[@Tonyontheroad777]

Your a 100 percent correct sir

[@nevesseven1656]

Only if your wishfull thinking magically materializes...

[@SamuelClemente7718]

Its called capitalism

[@RuthEvelyn-rc3bg]

Our economy struggling with uncertainties, housing issues, global fluctuations, causing instability, and trade disruptions need urgent attention from all sectors to restore stability and stimulate growth.I have $100k that i like to invest in a non-retirement account, any advice on that?

[@teresita2-]

Concentrate on two main objectives. First, keep yourself safe by knowing when to sell stocks in order to limit losses and maximize gains. Second, get ready to benefit from market changes. I advise consulting a CFP or other professional for advice.

[@FrankPatrick-no8zo]

Exactly, a good number of people discredit the effectiveness of financial advisor, but over the past 10years, I’ve had a financial advisor consistently restructure and diversify my portfolio/expenses and I’ve made over $3million in gains… might not be a lot but i'm financially secure and that's fine by me.

[@jose2212-]

How can I participate in this? I sincerely aspire to establish a secure financial future and am eager to participate. Who is the driving force behind your success?

[@FrankPatrick-no8zo]

Monica Shawn Marti is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@albacus2400BC]

Thank you so much for your helpful tip! I was able to verify the person and book a call session with her. She seems very proficient and I'm really grateful for your guidance

[@Sheil-hard]

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[@bob.weaver72]

One strategy for protecting against a recession is to buy equities. Investors, especially during a recession, need to know where and how to put money in order to make money while avoiding inflation.

[@kenanporubsky2122]

It has never been easier to understand how to build your money than it is right now, when you may study and experience a completely variegated market passively by employing a successful portfolio-advisor. The impacts of the U.S. dollar's gain or fall on investtments, in my opinion, are complex.

[@angelicaaquino4109]

Working with a Financial Advisor to help guide you on your wealth-building journey if you're just starting out is a wonderful way to get started and thats how i was able to accrued good gains . They helps to manage investment overall risk profile , prevent permanent loss of capital consider maintaining a broad diversification of your investments that reflects your personal risk tolerance, time horizon, and the nature of your financial goal

[@bob.weaver72]

@@angelicaaquino4109 please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@angelicaaquino4109]

@@bob.weaver72 My consultant is‘’Catherine Morrison Evans’’ I found her on a CNBC interview where she was featured and reached out to her afterwards. She has since provide entry and exit points on the securities I focus on. You can look her up online if you care supervision. I basically follow her trade pattern and haven't regretted doing so.

[@MalindaDeleon]

I think a housing crash will happen because all those people who bought homes over asking price, although it was at a low interest rate, they are over their heads. They have no equity if the housing prices continue to go down, and if for whatever reason they cannot afford the house anymore and it goes into foreclosure because even if they try to sell, they will not make any money. I think this will happen to a lot of people especially with the massive layoff predicted for the future and the cost of living rising at a high speed.

[@Adukwulukman859]

I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

[@ZITABELCOMEDY-xf1ws]

@@AngelikaAchen-tx2of Do you mind sharing info on the adviser who assisted you? been saving for pension since age 18 - company scheme. along the way I hit higher tax, so I added to my company pension with a SIPP (tax benefits) I'm 50 now and would love to grow my finance more aggressively, there are a few cars I still wish to drive, a few mega holidays, etc.

[@LucyHyde-zx8gq]

@@AngelikaAchen-tx2of I just looked up Laura online and researched her accreditation. She seem very proficient, I wrote her detailing my Fin-market goals

[@renelopez2244]

Those thT cannot afford to pY their mortgage will become squatters until they are kicked out

[@michelandresbeck934]

It will happen mostly for commercial buildings not rentals tho

[@Aristotle2000]

Wall Street messing with people's basic shelter like this is dangerous. TAX PRIVATE EQUITY NOW!

[@stevechance150]

A little tax on each stock transaction. And a HUGE tax on stock buybacks! If Mr. C.E.O. can't think of any better way to use the company's profits, other than buying back their stock, stick it in him and break it off! He should be investing those profits in R&D, or employee retention.

[@andrewbellino7449]

Idk if taxing is the best way I feel we need more solutions

[@kevinmanan1304]

Private equity is already taxed. They'll just raise rent to make up for the difference. You don't believe me? The last major property tax increase was 2022 around the same time rent skyrocketed. Coincidence? The best solution is to build more so the current people who abuse the system will get diluted.

[@stevechance150]

@@andrewbellino7449 Andrew, who are you trying to protect from paying taxes? Not FedEx, Nike, Dish Network, or Kansas City Southern railroad, because they already PAY ZERO FEDERAL TAX. I pay more Federal Tax than Nike, you Andrew probably pay more than Charter Cable. We know Trump paid a whopping $750 for two years when he was in the Whitehouse, are you saying he shouldn't pay more taxes? Warren Buffett famously said his secretary pays more taxes (percentage wise) than he does. Fun Fact: in 2020, Nike made 2.8 Billion and paid --109 Million in Federal Income tax. Yes! That's right, Nike made Billions, and they took your and my Federal Tax payments and GAVE OUR MONEY TO NIKE!!! WTF?!

[@BrightWendigo]

@@andrewbellino7449 *slowly starts too pull our guillotine*

[@InnocentFred-hn1fp]

Another reason it's less likely to happen that way is that there's already too much demand waiting to absorb it, regardless of how many people are panicking and calling the crash. Nobody, at least not the general public, predicted this in 2008. According to another reply, the ownership rate peaked in 2004. We are currently at the median level, having peaked in the second quarter of 2020. It fell by 3% between 2008 and 2012, from 68 to 65 in the second quarter of 2020.

[@godof-ou1dw]

Most people are unable to handle a fall since they are accustomed to bull markets, but if you know where to look and how to get around, you can profit handsomely. It depends on your entry and exit strategy.

[@patrickperez7387]

The fact that the US stock market had been on its longest bull run ever makes the widespread worry and enthusiasm understandable given that we are not used to such unstable markets. As you pointed out, it wasn't tough for me to earn over $780k in the last 10 months, so there are chances if you know where to go. I hired a portfolio advisor since I was aware that I needed a solid and trusted plan to survive these trying times.

[@Igorstravinsky788]

@@patrickperez7387 I looked into new tactics to profit in the present market because my portfolio has been in the dumps for the entire year, but everything I attempted appeared to miss the mark. Please tell us who your financial advisor is.

[@patrickperez7387]

@@Igorstravinsky788 I left to find "RUTH LORALANN BRENNAN," a financial advisor I heard about on CNBC. She has since given me entry and exit points for the stocks I follow. If you require supervision, you can look her up online.

[@thomaslewis514]

@@patrickperez7387 I'm delighted I came across this topic; I Googled Ruth's complete name and found her website; her credentials and testimonies appear authentic, and there are positive reviews; I quickly emailed her. I genuinely appreciate it.

[@cloudyblaze7916]

One of the dangers of short term investing in an inflationary real estate market is the risk of getting caught in a real estate bubble.

[@kaylawood9053]

This market is crazy! I've been in real estate almost 20 years and I have never seen anything like it. Your average can not afford a home in this market and it's sad. I pray daily this market balance out for the better.

[@evitasmith6218]

As with any big financial decision, it’s important to keep your guard up for economic risks. However, smart planning, time management and seeking advice from a financial adviser can help keep you and your money safe.

[@adenmall7596]

@@evitasmith6218 I have been disabled since 2009 and I am 63 years old, any ideas of financial options I can explore since real estate isn't an option atm!. I am under pressure to invest my reserve of $120k.what can I do?

[@evitasmith6218]

@@adenmall7596 I ventured into stock two summers ago and I've made over (€250k)80% in net profit under 10 months which is like 7x more than I made on my own. Credits to Eleanor Annette Eckhaus” '. She's verifiable, so if you need help, you can reach out to her.

[@selenajack2036]

Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her

[@alexyoung3126]

Inflation-hedging is a strategy to protect your wealth from the eroding effects of inflation. By investing in assets that are likely to grow in value in response to inflation, you can ensure that your money retains its purchasing power over time.

[@chris-pj7rk]

With inflation running at a four-decade high, a Recession is now the ‘most likely outcome for the economy. How can I grow my portfolio to outpace inflation and maintain a successful long-term strategy? I have been reading of investors making about $250k profit in this current crashing market, and I need ideas on how to achieve similar profits.

[@stephaniestella213]

@Zahair O'Brian please who is the consultant that assist you with your investment and if you don't mind, how do I get in touch with them?

[@Patriciacraig599]

Wall Street picked so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, My $400k portfolio is down by approximately 20 %, any recommendations to scale up my ROI before retirement will be highly appreciated.

[@NancyFranciss]

It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will suggest you get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

[@user-cy7bs3hb8v]

We must consider safer investments with promising returns in order to plan for the future. If you approach investing with a five-year perspective and simply DCA whenever you receive a check. Under the direction of my investment advisor, "Deborah Jean Dykstra, whose expertise in portfolio diversification is unsurpassed and client-focused, my portfolio has gained almost $643k since January 2022.

[@Patriciacraig599]

@@user-cy7bs3hb8v how do i find the lady you just mentioned?

[@user-cy7bs3hb8v]

@@Patriciacraig599 look her up on the web

[@Christine-ce4xo]

@@user-cy7bs3hb8v Thank you for this tip. it was easy to find your coach. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

[@stevensmiddlemass2072]

Wall Street pitched so-called quality stocks with high profitability and low debt, as a kind of insurance against whatever the economy might throw at you. Quality stocks have underperformed the S&P500 this year, waiting may not be the best decision for investors. It might sound basic or generic, but getting in touch with a financial adviser was how I was able to outperform the market and raise a profit of $350,000 since Jan 2022. For me, its the most ideal way to jump into the fin-market these days.

[@carter3294]

It’s precisely at times like these that investors need to be on guard against the next certainty. You don’t have to act on every forecast, hence i will also suggest investors to get yourself a financial-advisor that can provide you with entry and exit points on the shares/ETF you focus on.

[@stevensmiddlemass2072]

Christine Ann Podgorny is the advisor i work with, you can look her up on the web.

[@JaredRidesPNW]

As someone who’s saving up for a home, this infuriates me like nothing else. No corporation should be allowed to buy soooo many home. And therefore, shut out the ability for regular, tax paying citizens to not be able to afford to compete.

[@freewifi7163]

Why not? 80,000 people need somewhere to live. How many of them have a 20% down payment, a 620+ credit score and can afford a mortgage payment on a 7.5% interest rate? I will admit it is harder to buy a house then ever before. But that’s mostly to do with people not investors.

[@RLebron471]

@@freewifi7163 haha , have you seen rental prices lately … I don’t think they’ll house those 80K 😂😂…. This is BAD for the average American

[@mikesteelheart]

In a capitalist system they'll always do it if: A) They can get away with it B) It's profitable

[@jonathantaylor6926]

We don’t need more laws. We have enough. The fundamental problem was low bond yield which pushed trillions of dollars worth of investment dollars into real estate. Being a landlord for 10,000 Sfh’s is a giant PITA.. these investors would much rather just buy bonds and do nothing.

[@samgould8567]

Prices have gotten out of hand, and it’s mostly due to Americans only thinking of their short-term success. It all boils down to greed, regardless of where we stand on the economic ladder. Corporations, politicians, mom-and-pop landlords, realtors, the media, and voters are all to blame.

[@inlovewithmycorgie]

For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars. transportation, e-commerce among other sectors are expected to experience growth, but who knows, the market has been a basket of surprises.

[@holdthedoor3331]

we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?

[@inlovewithmycorgie]

She has amazing credentials and a stellar resume, so I understand why she is so busy. Nevertheless, I planned a meeting with her.

[@roddywoods8130]

Great video! For 2023, it’s hard to nail down specific predictions for the housing market is because it’s not yet clear how quickly or how much the Federal Reserve can bring down inflation and borrowing costs without tanking buyer demand for everything from homes to cars.

[@selenajack2036]

A lot of folks have been going on about a December rally and said stocks that would be experiencing significant growth these festive season, any idea which stocks this may be? I just sold my home in the Boca Grande area and I’m looking to remunerate a lump sum into the stock market before stocks rebound, is this a good time to buy or no?

[@bsetdays6784]

Such market uncertainties are the reason I don’t base my market judgements and decisions on rumours and here-says, got the best of me 2020 and had me holding worthless position in the market, I had to revamp my entire portfolio through the aid of an advisor, before I started seeing any significant results happens in my portfolio, been using the same advisor and I’ve scaled up 750k within 2 years, whether a bullish or down market, both makes for good profit, it all depends on where you’re looking.

[@hushbash2989]

True, we’re only just an information away from amassing wealth, I know a lot of folks that made fortunes from the Dotcom crash as well as the 08’ crash and I’ve been looking into similar opportunities in this present market, could this coach that guides yo help?

[@bsetdays6784]

"Marisol cordova" maintains an online presence that can be easily found through a simple search of her name on the internet.

[@hushbash2989]

After locating her, I composed an email and arranged a phone conversation. I'm optimistic that she will reply, and my goal is to conclude 2023 on a financially successful note.

[@garrettritter3281]

This is absolutely unacceptable. As a millennial who worked VERY hard for my home, I feel for other people my age who can’t afford a mortgage of their own. It’s disgusting that this is legal.

[@jianwei2009]

why the have to OWN a home? Owning a home in a healthy market is a very bad deal.

[@garrettritter3281]

@@jianwei2009 what kind of market do you consider “healthy”? Because my home has appreciated tremendously and I may decide to sell it and invest my earnings elsewhere that will speed up my goal to have no mortgage. Not sure how you “educated” yourself on this matter but owning a home is absolutely not a bad deal. Renting is a bad deal and if you think otherwise then you are, quite frankly, delusional. Have a nice evening.

[@jherc12990]

I don't see what the issue is, if they are building the properties themselves and increasing the existing supply. The 'evil' in the system comes from investors who only cannibalise the existing supply and produce nothing

[@garrettritter3281]

@@jherc12990 if they were increasing the existing supply then the prices would be a lot cheaper, which they aren’t

[@jherc12990]

@@garrettritter3281 Because lots of housing is still owned by americans approximately 70%. Most of them aren’t selling. There aren’t that many reits specialized in residential markets either, but the benefits are that investors create more housing then that would lower prices. The ones restricting housing are Americans and leaders, whether local/state/federal level , that share NIMBY attitudes and don’t want any changes in an outdated zoning system. The way to win truly if we’re going capitalistic route is free up zoning laws and allow more housing to be built. The system is built to own housing as an investment thru tax benefits, appreciation in equity, etc. people are incentivized to buy housing for these reasons to see housing as an investment.

[@joshdubovsky5409]

I've worked in home lending for 20yrs. I've never seen the deck stacked against consumers to this degree. Debt ratios are at an all-time high and now interest rates are very high. Yes, the rates have been higher, but the average house price was significantly less at that time.

[@Bk-qz3yk]

Capitalism has morphed into slavery for most of the country. Really sad.

[@saleshsingh6342]

House prices are a function of interest rates. An inverse relationship. When one goes up, the other comes down...

[@Nietsnebarg]

Just listen to Jon "iTs a sUppLy IsSue" Gray and the way he claims we simply haven't produced enough homes. I mean gee wilikers it would be swell to just have an infinite pool of shares to draw from when your company/firm needs it, but it's a whole other matter when its something as basic as shelter. Wall Street wants everyone to be indebted to them for the next 2 generations and I guess every single blue collar worker to inevitably end up in construction labor. Because IT MAKES DIAMONDS RAIN FROM THE SKY.

[@poison7512]

@@saleshsingh6342 Not now its not.. pay attention.

[@pseudonymshqipe854]

@@saleshsingh6342 I haven't seen that in New Jersey. Interest rates and home prices are high.

[@sg8953]

I'm in a city in the Midwest. I bought my 1950s 3/1 house in 2014 for $17k and now I could easily sell it for about $150k and that's still a bargain price around here. Homes in my neighborhood used to rent for about $750/ mo. Now it's $1200-$1500/ month. Wages certainly didn't increase like that. I'm am HOUNDED by investors calling and sending letters. It's disgusting.

[@jonatand2045]

Thank nimbys for your trouble. It's a matter of supply and demand. Nimbys have been blocking the supply for decades and now there are inflated prices.

[@sg8953]

@@jonatand2045 At least third of the homes in my neighborhood are empty. Most of those aren't listed for rent or sale. They're owned by Corps and LLCs from other states. It's like that all over the country. That's not a matter of NIMBYS blocking new builds. That's people using money from higher priced areas to destroy the affordability of the lower priced areas, holding onto them and restricting supply for price appreciation.

[@jonatand2045]

@@sg8953 That's the common excuse, but such a bubble would be burst by allowing construction, since high prices are a motivation to build. Enforcing zero vacancies would be a bad thing because it would be more difficult for people to shuffle between homes and discourage development.

[@theman-kq2uj]

​@@sg8953 what city

[@dickriggles942]

Yup, this is going to crash and it's going to be ugly. When the "greater fool" can't be found anymore, it's over. When every new buyer thinks they're going to make more money than what they paid, there are going to be problems.

[@bigb252]

It's Greed. Thanks for stopping by everyone!

[@Morning404]

Capitalism is destroying the planet. Thanks for coming to my TED talk.

[@Whooshta]

@@Morning404 humans destroyed the planet under socialism and communism too. It's humans and their entitlement mindset created by the mindset that they're most important in the hierarchy.

[@Morning404]

@@Whooshta lol communism has never been ecacted anywhere - we're talking about actual communism where you have no state and money is abolished - not authoritarian capitalist states who LABEL themselves communists. There's a difference.

[@rockfire1669]

@@Morning404I mean you can always bring up the fact we won the Cold War. Either their patriotism forced them to accept the truth. Or they believe that with all the money we put into defense, is not enough.

[@Mistro07]

Yea because greed just became a thing right? But these prices have…don’t be proud of your ignorance

[@madboyreadynow28]

All of this started when the Supreme Court Green Light Citizens United. Saying corporations is a person. Now, our government is treating corporations like a person. This is wrong, and it needs to be fixed.

[@monsterpig3270]

Goes to show you how f*ked up the US really is. An illegal is not considered a human being but a corporation is.

[@dianaprince9311]

Excellent point.

[@BuhodePiedra]

That and “profits before people” Reagan and the fact that we don’t care about usury anymore! 8.33%! That’s all you get. Dante place usurers in the lowest level of hell!

[@markdsm-5157]

no, you're wrong. If they'd have treated a corporation like a person, there would be an individual cap on campaign contributions. They gave corporations special rights that the average citizen doesn't have.

[@you-to-beornot-to-be9629]

But it wont BE fixed.... The train has already left the station....

[@Raymondjohn2]

Major indexes booked their worst yearly performance since 2008 thanks to drivers like the recession, war, hiked interest rate and inflation which so far doesn’t seem to be easing off, so I’m left wondering what 2023 has in store for us investors, I’ve been sitting on over $745K equity from a home sale and I’m not sure where to go from here, is it a good time to buy or do I wait?

[@kenanporubsky2122]

It’s a good time to buy in on the market, so seize the opportunity to purchase stocks on sales.

[@lipglosskitten2610]

stocks are your best bet atm, the housing market are currently a mess

[@hermanramos7092]

I think stocks will plummet further before actually experiencing steady growth and there are still quite a few stocks that makes for a good buy this season, you just have to do your research, but to be on the safer side and not second guess your market decisions, I’d suggest you reach out to a proper investment adviser for guidance, they’re better equipped at understanding market patterns/movements and adjusting portfolio to match up with these market trends.

[@kenanporubsky2122]

@@hermanramos7092 my portfolio is down over 15% just last month alone and It’s been that way for the best part of 2022 and I really could use professional help, I’m close to retirement. have you worked with an investment adviser before and could recommend any?

[@hermanramos7092]

My advisor is "Christine Jane Mclean". In terms of portfolio diversity, she's a genius. You can look her name up on the internet and verify her yourself. she has years of financial market experience plus she is also FINRA & SEC verifiable.

[@marc8750]

At the age of 30, I’m starting to understand problems like aren’t going to get solved by the current generation of leaders. But at the very least, they need to be held accountable

[@solomonsfarm]

They will be solved only if we the people stand up and say that's enough! Otherwise it will never stop and all of our futures will be stolen

[@Misaka-gt5yj]

America is a banana republic. No one in public office will be held accountable at the upper echelons.

[@michellepickering7267]

We really do need an entirely new generation of leaders who have a stake in the game. Who learn from what is happening now. What we have now are fall guys who we can blame for deliberately collapsing the country for their own financial gain, and they will be dead before the consequences come.

[@ancap2]

They aren't going to be held to account either.

[@dickriggles942]

People laughed at basement dwellers but they were the canary in the coal mine.

[@AnnaKrueger809]

Before we stopped them, our advisor had us in over 60 assets. I'm now on my own to attempt and tidy up the mess. lost more than 25% over the previous three years. Huge national financial organization.Gregory Thomas Patchak has helped us become debt-free, save for retirement, and has helped transform my life. He has been amazing, and ever since I met him, my life has taken a positive turn because of the passive income through his knowledge and ideas, which are crucial for succeeding against all odds in this area of online commerce. I'm happy that I was able to contact him earlier this year.

[@Seanmirrer]

Thank you for sharing your experience. Your coach was simple to discover online. I did my research on him before I wrote to him. He appears knowledgeable based on his online resume.

[@Bradleyschaeffer376]

I found his extraordinary resume when I searched for his name on Google. I count it a gift that I went over this remark

[@MichealTanner141]

I made a significant profit on my investment. But ultimately, everything depends on how much money you invest. You might be able to make more money if you have a substantial start-up budget. It's all because of Gregory Thomas Patchak.

[@AoCabo]

Private equity and foreign investors (aka money launderers) should be banned from hoarding up housing. Housing should be reserved for families and working people and not be used as a tool for modern day serfdom.

[@notrandom2]

This is not the only reason nor is it new... It began with wealthy folks starting "anonymous companies" that *_legally hide their identities from the IRS who then CANNOT tax them on said properties._* It's a tax scam.

[@adamp9348]

I'm honestly 100% behind banning foreign ownership of ANY real estate asset.

[@SereneArtifact25]

Interestingly, many have no idea. Many retirement funds consist of REITs or Indexes that contain REITs / companies like Blackrock and they were the backbone of gains. If we all were more financially literate we could help the situation gradually over a duration of time for everyone including our children and their children.

[@ianhomerpura8937]

@@adamp9348 corporate ownership is much worse than foreign ownership to be honest

[@Skywalkah]

Ban them both!

[@jordanrich5992]

Finally a piece of journalism showing the true cause of the inflated market! It’s not the small consumers fault getting a $1.5k Covid stimulus check, perhaps it’s the 75% of stimulus going to large companies could have contributed.

[@favor4afavor823]

Artificially low rates because inflation was "transitory" basically forced investors into RE. That combined with a decade of under building gets you where the market is now.

[@mauricio9564]

Yup

[@notrandom2]

This is not the only reason nor is it new... It began with wealthy folks starting "anonymous companies" that *_legally hide their identities from the IRS who then CANNOT tax them on said properties._* It's a tax scam.

[@paulstandaert5709]

Ironically, that is where all that "stimulus" money went. There were not a lot of choices of places to spend the money, but Walmart was still open, Target, Amazon.... ya know, all the big corporations. Supposedly, John Menard's net worth went up about 40% in 2020 alone. The next time someone tells us to shut up and put your mask back on, consider the consequences.

[@HH-le1vi]

That's how booms in anything always go. People buy more stuff and that goes to the top. Also housing prices were also fueled by people moving from far more expensive states like CA and NY to cheaper states like TX and FL. You can get 2 or 3 houses in TX and FL where you can get 1 in NY and CA

[@cosminmiclau]

With the way the market is moving, we'll mostly hold for longer than 2025 to realize profit gain, I think a video on "How to profit from the present market" will be more effective, I mean I've heard of people making up to 250K within few months and I'd like to know how

[@cosminmiclau]

How can one find a resourceful FA, I buy the idea of employing their services, its a shame market crashes as of late have become a sort of habit for stocks

[@louisairvin3052]

I know Kaitlin Rose Sternberg. She obviously brings a lot of experience in trading to the table but more importantly I think she is a tough person in an industry that demands clairvoyance

[@amandasunshine2]

​@Roland Ray how much did you have to put in to begin with?

[@amandasunshine2]

@Roland Ray lol what if you don't have 200k 😅

[@mikey43221]

I’m a new dad, I moved to the Bay Area a few years ago and I’m thinking of purchasing a single family home, but with real estate prices currently through the roof, is it still a good idea to buy a home or should I invest in stocks for now and just wait for a housing market correction? I heard Nvidia and AMD are strong buys.

[@WillieNickell]

it’s a personal decision, but according to Forbes, housing activities will remain stagnant for the most part of the year, so maybe hold off a little.

[@DavidCovington-st2id]

well you could put a downpayment on a home and as well diversify as much as you can into Ai and pharm. stocks like Pfizer and JnJ.

[@SteveDutton-v]

Certain Ai companies are rumoured to be overvalued and might cause a market correction, I’d suggest you go with a managed portfolio, but even those don’t perform so well, so it’s best you reach out to a proper fiduciary to guide you, that’s what works for my spouse and I.

[@lawrencedyke]

this is all new to me, where do I find a fiduciary, can you recommend any?

[@SteveDutton-v]

'Vivian Carol Gioia' is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@xxxMrBadExamplexxx]

"You will own nothing and be happy" - I'm just not sure about 'being happy', but the 'own nothing' part is unfolding in front of our eyes.

[@larrym2434]

Welcome to late stage capitalism. Corporations are becoming increasingly efficient at extracting wealth.

[@jonatand2045]

​@@larrym2434 Don't ignore the zoning and nimbys that created the housing shortage.

[@notrius7754]

@@larrym2434 Thats not late stage capitalism, thats not capitalism at all. Thats corporate socialism - basically the opposite of capitalism.

[@larrym2434]

@@notrius7754 These terms are virtually synonymous. I'm not sure why you're making a distinction.

[@201hastings]

@@larrym2434 because it’s corporate socialism not capitalism.

[@Antony..24]

It should be against the law for big corporations (REIG) to push families out of buying a home. Families should have first rights to the home no matter what the cost!! They are trying to take the American dream away of one day owning your own home.

[@timc3257]

well said

[@TheRusschannel]

well your retirement /pension money is the what they use! Don't fund the funds that buy the homes!

[@itechfive240]

They already did now only a bank credit crisis can push this vampires out of the market.

[@Cordycep1]

Local govt would careless since they want the inflated tax bill. Realtor & GOvt are in the same bed.

[@johnyang1420]

Why should it be against the law? Too expensive? Dont buy it!!!

[@tonicruger]

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

[@kurttSchuster]

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

[@eastwood224]

In my opinion, home prices will need to fall by at least 40% before the market normalizes. If you do not know whether to buy a house or not, it is best you seek guidance from a well-experienced advisor for proper portfolio allocation. So far, that’s how I’ve stayed afloat over 5 years now, amassing nearly $1m in return on investments.

[@Mcllwain]

this is quite huge ! what have you invested in ? much more info needed please ...

[@eastwood224]

Nicole Desiree Simon oversees my portfolio, simply do your due diligence. She's an extremely intelligent person, very thoughtful, cautious, and shows a great deal of expertise with over a decade of experience in her line of work.

[@Mcllwain]

Thank you for this tip , I must say, Monica appears to be quite knowledgeable. After coming across her web page, I went through her resume and I must say, it was quite impressive. I reached out and scheduled a call

[@carmimoultrie1448]

I've never met a person young or old who said they just want to rent and not own a home. You can tell by the number of adult people and multiple families living in these rental homes that the rent is so high they have to make ends meet by creating a type of rental structure that will allow them to be able to afford where they lay their head.

[@Celsor5865]

HOMEOWNERSHIP, that was the American dream! Today, I don’t think I want to Own as much. First, you NEVER really own!!! Default on your YEARLY, Property Taxes and you could end up Homeless!! Everything in your home degrades with Time and Will need repair and replace. You need to Maintain your home and yard. Renting does away with those, especially if you are Older. But for Younger folks, Owning is better, if you can. You can plant your Tree and watch it grow along with your family. God bless you!

[@eechaze12]

​@@Celsor5865I agree depends on ones age. But with owning you build equity in your home (particularly if your bought a home in a sought after neighborhood). And some areas the monthly cost of renting a single family home is just a little lower than the monthly mortgage. What I'm planning to do once I reach retirement is sell my home in Austin area and downside in a different area of the country that is more cost effective. My point is owning a home can be a way to prepare for retirement.

[@Freiheit1232]

Why should a single family income have to compete with Blackstone?

[@czarnick123]

They donate to lobbyists.

[@Fear.of.the.Dark.]

agreed but the government is deep in lobby money whereas a single average family has no voice in government other than some meaningless 2 party votes.

[@TimErwin]

Your question assumes the government cares more about families than corporate profits.

[@joefunk76]

Because multi-billionaires rule America, and what’s good for them is continued cheap labor from people who cannot afford to step into building wealth over time via home ownership and the ability to collect oppressive and always increasing rent in perpetuity from the same people. You can’t enslave 300m people with chains and shackles but you can easily do so by eliminating all affordable housing options. Double the already-high pre-pandemic prices, and then double the pre-pandemic interest for good measure. The average American doesn’t stand a chance - and that is the whole point of it all, because it’s a zero sum game. The average American might not have any money, but he does have the potential to provide 50 years of cheap labor to corporations if he is made desperate enough to have to do so.

[@dwadedunkedkobe]

Because Blackstone has more money since clearly they have superior skillsets and provide more utility to society.

[@easylivingaustin]

I'm a broker here in TX and this issue gravely concerns me. If you're a middle class family who can afford a secondary property, honestly buy it and be a local landlord. At least that way the money stays in the community. With corporate landlords all that wealth is being extracted from your town into the hands of Wall St. I know some will say landlords are scum but if its not your neighbor, its going to be some faceless corporation that has absolutely no connection to you, or interest in your community.

[@stanleyhape8427]

And some say tenants are parasites.

[@fritterfoof5146]

I was a private landlord for 9 yrs renting a 2010 home new then 1k a month , those tenants broke every rule I had in witting they agreed to sign , every year I had to remove them or they broke the lease . 12 tenants in 9 yrs .They all deserve the high cost of corporate ownership .

[@bartdoo5757]

Buy Blackstone stock!!

[@eattherich9215]

@@fritterfoof5146: you stayed in the rental business for 9 years despite having troublesome tenants. Let me get my tiny violin.

[@solomonsfarm]

Not only that, but the government taxes us, gives our money to their wall street buddies and then they come onto our neighborhoods and buy us out... with our money! Enough! Stop taking it people !

[@ashleyjenny186]

Last year, I was working full time, budgeting groceries, unable to afford date nights, and missing time with my kids. Now I learned how to make money online. Now am a SAHM, homeschooling, and making profits every week.

[@josephfrys6969]

Wow that's awesome 😊

[@ningyen1444]

Everyone needs more than their salary to be financial stable. The best thing to do with your money is to invest it rightly, because money left for saving always end up used with no returns.

[@cassiejacobs4197]

@@ningyen1444 True 💯

[@ashleyjenny186]

@carosullivan5567 cryptocurrency investment, but you will need a professional guide on that.

[@ashleyjenny186]

Facebook 👇

[@bgiv2010]

It's suspicious that companies can own multiple residential homes in the first place. I'm starting to think the more landlords flourish, the higher housing costs, the less people can afford to buy, the more landlords flourish. It's a vicious cycle.

[@Kevin-eq9qo]

Makes me want to puke knowing this is even legal. Get. Them. OUT!

[@LassieFarm]

Yep 🥯 makers

[@RS-tz2zn]

They are getting out now...with losses!

[@Whooshta]

@@LassieFarm Don't you taint the donut.

[@favor4afavor823]

Is "them" investors or politicians? Investors just respond to the market the fed created.

[@RS-tz2zn]

@@favor4afavor823 Investors are just people too. The bottom line is that everyone buying a home is an investor. Some are large and some are small. Those who buy when the price is down will do well and those that buy high will not do as well.

[@YoAyDri11]

Americans should be mad at this and hold their elected officials responsible for fixing these issues, not the crap most people fixate on in politics. Corporations are more important to Washington than you are, remember that

[@ahmedzakikhan7639]

House-price going down is way worse than house price going up - because if house price plummet - it affects the banking and finance industry - which can prompt mass layoffs. House price acceleration don't cause recession.

[@bradleypollack5658]

Definitely that is why I refuse to vote.

[@RealShaktimaan]

@@ahmedzakikhan7639 everything should always go up

[@Whooshta]

@@RealShaktimaan That's not sustainable...

[@notrandom2]

​@@RealShaktimaan that is such a stupid remark. This... THIS is not sustainable. Otherwise we wouldn't be having this conversation.

[@sarahallan154]

I don’t know who But someone actually needs to hear this, You have to to stop saving all your money and venture into investing some if you really want financial stability

[@Peterson1469]

Lately I've been thinking of buying Cryptocurrency for retirement, I've set asides $350k to invest but along the line, I usually get cold feet, maybe because I have no idea what I'm doing, please I really need some guidelines.

[@manuelcaputo]

I think Mr Lark is the right person to start trading Cryptocurrency with.. He knows his way around the Crypto world..

[@nathanielsmall]

I started with just $3,000 now earning $17,000 weekly

[@saimirduro3868]

Oh please guys, is there anyway I can speak with Lark Davis?? This sounds so helpful and I would love to join the train🙏🏻

[@zoeytv905]

yes, I will leave his contact just below this comment👇🏻

[@davestir5743]

May corporate greed buy them up, and then may the market crash, may they loose their money, and thee rest of us can buy cheaper housing. Patience is the game here.

[@AtsircEcarg]

We need to restrict how many single family homes any one person can own and completely eliminate corporate ownership over single family homes.

[@daveyvane9431]

Commie!

[@phanviet65]

restrict or ban sth is just temporarily tool, just let the market works itself

[@phanviet65]

@BIG TEX every time, every market the demand and supply worked itself bro. The market will definitely go to balance. The price will go to value. That's how the market works

[@maples78]

​@@phanviet65 it's not a real free market already is it? When zoning allows only single home family for example, so much red tape preventing from constructing more and denser. And when they miss, investors get bailed out?

[@khoirulanam9141]

do the vacant house tax, and occupied houses being taxed is barbaric.

[@JoeTony1995]

10:52 She's acting like it's ridiculous for rich investors to be limited to only 100 houses at the time. Unbelievable

[@jeffneptune2922]

Yup, capitalism at it's worst like the Purdue Pharma fiasco...;(

[@JoeTony1995]

@@jeffneptune2922 Or what just happened in Ohio

[@junior1497]

Oh the poor investors….

[@cenecasful]

@@JoeTony1995should be much less than that…. Predatory practices.

[@otakuConn]

I don’t think she’s saying the investors owning the homes is ridiculous, what’s ridiculous is attempting to enact legislation on those who currently own thousands given the amount of time they’ve had to build up their portfolios.

[@jvane28]

Best journalism on housing situation that I've seen in a while. Thanks for sharing. I now understand why it is so hard for most people to own a home. It's really outrageous. They want people to rent forever and control all the wealth.

[@_Rockill_]

Blackrock/ Blackstone already does. They are untouchable. Now they will own Ukraine. Wait for Blackrock to tank the stock market robbing the middle class of all 401ks, state pensions, retirement accounts, investments. The dollar is already worth nothing. We are guaranteed to see the greatest redistribution of wealth this country has ever witnessed. All will flow to the top 1-20%.

[@leetcodeking4859]

I live here in Florida. BlackStone purchased all 1000 homes in the new mega development that took 2 years and millions of dollars to construct. Basically bought all the homes here in Miami Florida.

[@TwinFalls88]

#RFKJr2024 is the only Candidate discussing this & with a plan for making it harder for these Corps to gobble up market Look it up

[@zeetty]

We sold our home 9 years ago and moved into my elderly father's house to take care of him. The people we sold it to flipped it to a corporation who now rents it. Happening all over America.

[@johnyang1420]

So what?

[@razmatazz9310]

@@johnyang1420 Did you watch the video at all, or you just felt like commenting while not having any idea what people are even talking about?

[@chrispbacon3042]

@@razmatazz9310 Please excuse John Yang his brain fell out long ago.

[@RisingInTheFlesh]

@@johnyang1420 the problem is that future generations might have trouble buying homes if it's all being owned by corporations.

[@fatemavanak2195]

youtube.com/@familydining

[@TheWebhippo]

We're asked to work more and retire later for a shrinking slice of the pie. We die because of the lack of money, food, housing, and healthcare. We're getting robbed and killed. But it's happening in a boardroom rather than at gunpoint.

[@SweBeach2023]

We also need to ask ourselves who those board members are. Why do they seem to care so little for everyday Christian Americans? What does Larry Fink, David M. Solomon, Stephen A. Schwarzman, Ronald Cohen, Tully Friedman, David Bonderman, Steve Eisman, Leon David Black, Marc Rowan, Josh Harris, Jerome Kohlberg Jr, George R. Roberts, Henry Kravis, Greg Rosenbaum and David Rubenstein - the leaders for some of the largest investment companies in the world - have in common? They are men. They are white. And they are certainly not Christian.

[@tampabayrodeo2474]

I don’t know how but you’ve managed to package an unbiased analysis that is more entertaining than the sensationalized segment of economic and financial news. Thank you for your efforts to be the signal and not the noise.Don't get me wrong, I understand that the economy is in shambles and that we must wait for the stock market to recover in order to break even and make a profit, but how are some people in the same stock market as me still able to pull off substantial profits of as much as 650K within months, what am I doing wrong?

[@zoeytank2921]

As hard as it may sound you can plan for the recession. If you are working, find extra work and get an Invest--advisor. Protect your deposits by having enough cash in short term fixed income. Then cut your expenses. Minimal insurance, cut utilities.

[@hannahdonald9071]

The stock-advisors portfolio approach that I employ is 60/40 , allocating 60% of capital to stocks and 40% to fixed-income investments such as bonds . You can consider holding some non-correlated investments (e.g., those whose prices don't ebb and flow with the daily gyrations of stock market indexes . Credit to Maria Juliana Ramirez my Investment advisorr whose tutelage and leadership cannot be over stated.

[@trazzpalmer3199]

@@hannahdonald9071 I'm in dire-need of an Investment advissor*. Please, how do i go about reaching yours?

[@hannahdonald9071]

@@trazzpalmer3199 You may quickly contact Maria Julia Ramirez via her website

[@graceocean8323]

Admittedly, I was quite jittery but since i wrote her on her website and called to interact with her, i couldn't be more impressed. Merci

[@DonJivine]

@CNBC This was an EXCELLENT segment. Full of data and differentiated takes. Keep producing this quality content, please!

[@2niceunicorns562]

The fact that basically no young person can afford a home, unless they are very lucky (nepotism), is a dark look into the future of this country. There has to be radical change at the community levels of this nation. We often forget that politicians should fear us.

[@Combat_Medic]

Anyone can get a good paying job and a nice house. It’s just Americans are too proud to do the work and then complain that they’re broke.

[@aisherwasher6959]

What does nepotism have to do with homeownership? I agree with the rest of your thoughts

[@John-ir4id]

@@aisherwasher6959 Nepotism infecting the basic necessities of life will mean that those with power and those who are related to those with power - by blood, friendship, or business - will prosper at the expense of the rest of us. That may be fine with luxuries, but housing, food, healthcare, etc. should be affordable for all, regardless of their financial situation. Unless you prefer the violence that will come when people start to get desperate.

[@rustycolon9368]

Just remember, these people are mortal. And they bleed the same blood you do. If you want to think about how dark it might get.

[@0Chinese0Arithmetic0]

They don’t fear us because the left would start crying about “insurrection” again. What’s needed is violent revolt.

[@Starfish2145]

I’m a Realtor and I hate the corporate flippers and landlords. I tell my clients NOT to sell to them. When my buyers want to purchase homes from them I squeeze as much as possible out of these corporate parasites.

[@roneified4405]

I get phone calls every week asking about my home and if I'd like to sell to them. I simply tell them my asking price is anywhere between $3 and $6 million for my 6 figure home and that its non-negotiable. I applaud you for refusing to sell to these corporate groups.

[@ipenguin3918]

You still got a job?

[@xlynx9]

are corporates willing to pay as much as individuals?

[@Bigbacon]

​@@xlynx9 probably not as they come in with cash and quick sales.

[@stanleyhape8427]

​@Bigbacon There are 2 separate buying situations. 1. Offers to buy property that isn't currently on the market , usually is lowball cash offers . 2. Offers over asking price for property that is on the market.

[@RicoCollins]

There is a direct correlation between the rise in Private Equity “investment” of single family homes since 2007, and the spike in homelessness ever since.

[@TwinFalls88]

#RFKJr2024 is the only Candidate discussing this & with a plan for making it harder for these Corps to gobble up market.. Look it up

[@SIGNALFREQ]

Yep!!!

[@van_demonium]

Living in a mill town, in a mill house, being paid mill money to spend it at the mill store. Our pre WWII grandparents went through this already.

[@concernedcitizen6577]

Simple solution, if corporate want to use housing stock, they can only build new ones and not buy up existing ones. Why doesn't anyone demand their politicians to institute this?

[@Jaigarful]

Because the portion of people who own houses gain a lot of value from this while the people who don't get screwed. The haves vs. the have-nots. Its why nothing will get done.

[@burningwp]

Politicians have convinced everyone that their enemies are each other, not the ruling class.

[@tira2145]

@random guy So the government that created the problem is who you trust to fix the problem. Your living in a fantasy world.

[@dougpatterson7494]

I see no issue with this. If a company wants to rent out more than 100 single family homes they would be welcome so long as they build the single family homes.

[@benwarped7272]

corporations rule the world. thats why.

[@naynaymeyer5358]

Corporate-owned homes are notorious for not keeping up the property. I know there are a lot of renters in the city who are often complaining about not being able to get necessary fixes for everything from broken toilets to leaky roofs and black mold. It has gotten so bad that a tenants union recently formed to get help from local and state governments. Most of the housing, including student housing for the local college, is being built and rented out by corporations that do not reside in this state. This is why it is so difficult to get problems solved for renters.

[@Allaiya.]

It’s also like that with mobile home parks. A local one my grandma lives in was relatively nice but was purchased by an out of state investor and has gone to crap bc they want to expense as little as possible to fix things.

[@jennifertarin4707]

@@Allaiya. and in places like Phoenix, investors buy up the land, evict everyone and build multi story luxury condos

[@nerad1994]

Oh, they didn’t buy the homes so they could fix them for you silly, they just want your money ;)

[@dickriggles942]

Corporations can be fine when they have competition. When they don't, they're as bad as any government. They raise costs, cut staff, then if you don't like it, tell you to move. Americans are so stupid.

[@TwinFalls88]

#RFKJr2024 is the only Candidate discussing this & with a plan for making it harder for these Corps to gobble up market.. Look it up

[@Fido-vm9zi]

People often don't know such things until someone brings the information into awareness. Thank you for caring & spending time building your knowledge & now the knowledge of others.

[@Beetwate305]

I’ve noticed this!! I respond to an ad and it’s a company listing it and one of the requirements is that you bring in 3 times the asking amount a month. If rent is 3k, you have to bring in 9k a month.

[@chayce1207]

Scary to think that people on Wall Street spend millions in order to make sure that rent “ isn’t “ affordable so they don’t lose money on their investments.

[@Coreyman32488]

What’s funny is that this black stones absolute power will absolutely destroy americas economy, which will hopefully destroy this company

[@mjkay8660]

its part of fascism. no one in china owns property. no one

[@jeffwvu4602]

Liberals want to blame Wall Street and those "evil corporations" but many of these aren't even American companies buying the homes.

[@nicko9725]

It will bite them eventually once people cant afford to pay the rent and the properties are left vacant. I love how the politicians are blaming this on wallstreet like they themselves didnt allow and facitlitate the process. We know whos paying these politicians to vote a specific way.

[@jonatand2045]

​@@Coreyman32488 Blame the nimbys. They caused the housing shortage which rises prices and made houses an investment.

[@kcw1879]

We bought a house by an elementary school 30 years ago. A wonderful neighborhood with families in every home for miles in all directions. Now, half are owned by corporations, and families just can't afford to live here (it's just barely middle class). And the corporations will only rent the homes, and refuse to sell, and the rent is outrageous. It is sooooo sad.

[@johnyang1420]

Dont rent from them and the rent will come down

[@zephyrheid]

​@@johnyang1420 Demand for housing is inelastic, and larger entities will always have a negotiating advantage against small entities

[@kamilareeder1493]

I lived in a neighborhood like this as a kid in like 2012 😪🥲 at the time of course, I never understood why there were no other kids around to play with. No matter how far I rode my bike I'd never find anyone, looking back many of the homes were empty 🤷‍♂️😪🥲 Its quite sad, like a neighborhood is being drained. This emptiness and lack of other kids to be around led to a lot of my behavior problems and depression as a kid. ☝️👀 I think this is more common than people think.

[@warmlantern0000]

@@kamilareeder1493 in my neighborhood many houses is rented. It's a form of control. So if these corporations wants to knock down these houses to create big buildings . where does these ppl live when kicked out. ❓🤷

[@imya666]

I'm not from USA. Can you answer what is the difference between family, who is the owner and family, who rented the home? Both of them live in your street.

[@D.T.G.]

Corporations should not be allowed to buy single family homes. They should only be allowed to invest in new home builds. This is driving up housing costs for Americans. The fact that our government allows this to happen is mind blowing.

[@TruFilmProductions]

I know but they have been purchased as well.

[@TwinFalls88]

#RFKJr2024 is the only Candidate discussing this & with a plan for making it harder for these Corps to gobble up market.. Look it up

[@judah6152]

They're trying to create a nation of renters. "You'll own nothing and be happy." - WEF

[@TwinFalls88]

#RFKJr2024 is the only Candidate discussing this & with a plan for making it harder for these Corps to gobble up market.. Look it up

[@ivans5245]

Older richer generation screwing over younger poorer generation

[@winnieouyang7802]

Eh it’s more just the rich screwing over the poor, per usual

[@coolkiddwightps3-hoopsetc561]

@@OriginalJohnDoeFakersBeware older generation is filled with most of politicians and govt leaders tho huh?

[@afriedrich1452]

This should have been foreseen. When corporate income tax is lower than individual income tax, then corporations can out compete individuals in all areas. Yet, governments around the world are competing against each other to see who can offer the lowest taxes and highest incentives to corporations.

[@Briggsian]

This was foreseen, and well over a century ago at that.

[@richardspillers6282]

It was forseen, covered up and ignored

[@Eraweb2]

I live in Miami but not necessarily near the beach. The house next door to me used to rent to 2 families. The homeowner lost the home, the tenants were evicted. The house was sold, tore down and rebuilt. They were corporate flippers, they ended up selling the house at an exorbitant amount to corporate landlords. The house is an Airbnb house now, it’s only rented out for 2-3 nights a week because it’s over 1k the night. They got corporate property managers that sometimes use it for parties and get together on the weekdays. Recently DeSantis passed the anti-squatter law in florida. The local news was very misleading and fear mongering prior to the law being passed. They always started out the segment with “what would you do if you go to Disney for 3 days and return to have your home occupied?” and then in the same segment they went on to show how every single landlord was an investor and had the home empty for months….what kind of a landlord can afford an empty home for months? Corporate landlords. The same corporate landlords that have corporate property managers that use the homes for themselves and if they have a falling out, they can occupy the homes and the corporate landlord won’t even notice for a long time. I see this country daily and it depresses me, to see the media leading people by the nose, the republicans doing the devils work and quickly trying to solve corporate problems and then ignoring working class people for DECADES and perhaps the most upsetting are the poor, right wing fools that parrot the corporate interests FOR FREE.

[@teddysdadcory]

I can’t even watch this. It’s heartbreaking to watch our country’s neighborhoods crumble because of corporate greed.

[@TwinFalls88]

#RFKJr2024 is the only Candidate discussing this & with a plan for making it harder for these Corps to gobble up market Look it up

[@Collinsv8]

As a 23 year old looking to buy a house, I feel like I am screwed either way. If I rent, I am not building equity, if I buy, I am probably buying something that's over valued, even if I buy something that's "affordable". I don't foresee the market coming down drastically. Corporations like Blackstone are making the problem that much worse, given the low supply. All-in-all, money wins. And the rest of are screwed.

[@francismarion6400]

You know Biden has a cabinet full of Black Stone execs right? There's a bigger plan behind all of this.

[@westernnyliving2515]

If these corporations had to sell, the supply would raise and home prices would go back to normal. This high rate of growth isn't sustainable for the average American.

[@marshallhennington4369]

Welcome to America!

[@laaaliiiluuu]

Buy an empty property and have a new home built instead of buying an overpriced existing one.

[@laaaliiiluuu]

@@westernnyliving2515 Welcome to Neofeudalism with land lords and rent peasants

[@Bioniking]

It’s cool to see this type of content which highlights these problems, often created by niche creators like Climate Town or Not Just Bikes, trickle up to the mainstream media. This gives me hope that we can slowly improve this country

[@nathanc7566]

Yeah I’m studying urban economics to try to fix this and make it my career but it’s tough so little hope

[@maYTeus]

I'm assuming youre talking about CNBC's recent push into urbanism? I'd assume they have at least some younger employees

[@ruthpower4892]

@@maYTeus Defo noticed this recent push!! Based!

[@charlenefrench5404]

Be carefull of the wording here. Government regulations was the first red flag! How about a repo from the corrupt institutions.

[@TaylorSatula]

Shout-out Not Just Bikes

[@knoname1092]

This should be a prime time special.

[@donaldkasper8346]

$468 k is not unaffordable for most Americans, it is unaffordable for all Americans. I don't understand how a $250k home is affordable.

[@Marchusv]

I love the "Actually, we're helping!" with a totally straight face.

[@stevenshorten6184]

That's how they sleep at night.

[@vikasbamba1624]

@@stevenshorten6184 😂😂👍👍. The things are 100 times worse in developing nations, like India.

[@tjr4459]

What’s a “Starter” home? These terms don’t even apply in today’s world anymore. If you’re fortunate enough to even afford a house nowadays, that’s it. You’re not moving on to something bigger. These corporations are intentionally making the housing crisis worse for their own benefit.

[@JDBass36]

Facts! Starter homes basically don't exist anymore Not at the cheap price of 300k+ for a house that's over 20 years old

[@wednesdayschild3627]

Starter home is a dumb idea.

[@JDBass36]

@@wednesdayschild3627 Well you have to start somewhere The avg American can't afford a 500k house as there first home. That's why you typically have to keep in mind of everyone's income bracket Exactly when buying a car a you have different Tiers Toyota/Honda - VS a luxury car like Lexus, BMW, Mercedes etc..

[@NathanKull]

My 1950 house is / was a great starter home... i'll keep this house for a long time bcause it's resonable size is plenty for me, I just don't need any more. They don't build houses like this anymore, everything that is new is massive in comparison and more than a lot of people really need. I think that modern zoning laws encourage this, they can't make reasonable smaller houses make sense financially anymore because of larger setbacks etc.

[@Mj-kb6ig]

Contrived realtors term. It never existed. Markets have an entry price point. That's it. The entire RE industry is structured on emotions, and Wall St knows this. 350k is the starter home price in my market.

[@KC-dr3cg]

This was an incredible video because it obviously touched the nerve of countless people

[@TwinFalls88]

#RFKJr2024 is the only Candidate discussing this & with a plan for making it harder for these Corps to gobble up market.. Look it up

[@modoodles]

I'm 26. I finished school at 22. I paid off my student loans and other debts and I have 25k in my savings. I wanted to buy a house upfront in a lump sum to avoid interest rates but I'm beginning to realize that there just isn't enough time for me to do that. A single family home will cost way too much for me to save up for one day very soon. I'm terrified. I need to start learning bushcraft apparently...

[@JudgeDredd_]

My friend sold his house he just bought a few years prior in Reno for almost a 2.5 return. Problem is, it has been tough finding something to buy haha.

[@RS-tz2zn]

Best to rent for now, while prices come back down and invest the money while they wait. FYI...Reno homes have come down about 15% since March, and will likely come down another 15% this year. That is why it is best to wait and offset your rent with the investing return.

[@goroakechi8577]

Lol

[@PAIDFOR50]

This is a problem in today's culture. Someone you think is your FREIND laughs at your struggles. You are a jealous person. Very sad. You probably have others who think you are their FREIND.

[@eriq54321]

I sold my house way above market value and moved into my mom's basement

[@LazyboyRecliner]

​@@eriq54321same. I'm about to inherit 2 more properties that will also be sold and I'll continue to stay here. I should be able to work a handful of weeks a year, and spend the rest of my time kicking it in my garden. Almost dying during the pandemic really made me reevaluate what matters.

[@arkzyFn8]

I’m so happy to see this covered. Nothing will probably change but I am so glad that there are some people in government aware of this. I’m so tired of the there isn’t enough suppply. If all these big landlords were forced to sell guess what it would do to the supply for people to buy. What’s sad is they are going to continue to get away with this and the average American is going to get screwed.

[@harrychufan]

How do we increase supply? That should be the real question. It would benefit everyone the most. Force the companies that made poor decisions to lose money or charge cheaper rent, and allow new home buyers to get in at a cheaper price.

[@illusoryknowledge9307]

Don't worry, they'll cover it for a bit so that you're willing to boil in the pot a bit more, maybe vote for them, maybe donate a bit. Then things will just continue going the same as they always have.

[@jonatand2045]

​@@harrychufan Supply can be increased by approving construction projects. Low density zoning should be eliminated, parking minimums decreased and locals should have less power to block projects. Replacing the property tax with a land value tax would encourage development. There are solutions, but the shortsighted don't like them.

[@visearms5774]

A democrat from California is the LAST person I would ever look to for housing solutions.

[@TwinFalls88]

#RFKJr2024 is the only Candidate discussing this & with a plan for making it harder for these Corps to gobble up market.. Look it up

[@TimeBrutus]

RJ, love these videos and data. I'd love to see why prices are going down everywhere, San Fran with big Dr liens, why hasn't nyc New York City been impacted by this in terms of sales and the still out of control increasing rental rates?

[@jacksteel6590]

1) Corporations: ZERO OWNERSHIP 2) Individuals: 3 homes MAXIMUM (and no shady loopholes or "shell company" interests) 3) Change Federal and State laws to increase building of new homes

[@mackpines]

There has to be some kind of limit on how many homes these corporations can have. Absolutely ridiculous how hard it is to find a house that’s affordable.

[@Jaigarful]

I'll find a home, but wont even be able to get a bid on it. How do you compete with no inspection cash only bids?

[@belg4mit]

How about zero?

[@jonatand2045]

People would blame corporations for the housing shortage rather than allow lots of construction everywhere.

[@Misaka-gt5yj]

@@jonatand2045 These same people fail to realize how much their own government props up these corporations to let them do these things.

[@kevinwilson9317]

​@@Misaka-gt5yjum deregulation and subscribing to the "Greed is Good" Reagan mantra is exactly why this country has become a dystopian plutocracy.

[@Fred_Nickles]

Maybe we start subsidizing the average American instead of large corporations. Crazy idea

[@aisherwasher6959]

Or just stop subsidizing the large corps

[@DavenH]

The (median) American IS subsidized.

[@Maxrepfitgm]

That's socialism whenever we help people, but corporate socialism is A okay 👍!!

[@johnyang1420]

Subsidize no one….lower taxes

[@tira2145]

32 trillion in debt. Where's the money coming from. SSI going broke by 2030.

[@justmontina]

This video was very informative.

[@Fido-vm9zi]

Cities and community leaders could make a huge difference & tackle this issue. Contact your local leaders & tug their heartstrings for change. Many local officials truly care about the community they represent & are often your neighbor.

[@margaritoamargo6347]

You can say that they own a small percentage of rental homes in the US. But in their respective markets how much do they own and how much are they contributing to the rise of rents beyond what most people can afford? We do not need corporations moving into every sector and increasing profits off the back of the poor. Its getting out of hand. The greed is unstoppable.

[@WokeAFMillennial]

Here's to hoping the housing market DOES crash and corporations are held accountable for these practices. It won't happen, because it's too "woke" but you never know..

[@rachelcarey5039]

THANK YOU

[@TotalBorroto]

It's called capitalism

[@TheCypresstree1]

Exactly they are after low tax states and good school districts

[@jonatand2045]

​@@WokeAFMillennial For it to crash the root cause of the high prices and housing as an investment should be dealt with; nimbyism. Would you accept developments, possibly including high rises, being approved in your neighborhood?

[@akay_2]

This is exactly what happens in a system that treats housing as a Commodity, and not a Human Right!

[@dickriggles942]

Exactly. Worse yet, they use homelessness to scare people into paying those exorbitant rents. The same way the mob tells business owners what will happen if they don't pay "protection." "Wanna be that guy under the bridge, sleeping in that cardboard box? Or living in the hood with the drug dealers? Pay me, or else!" Same way with cars. They conned people for years telling them mass transit wasn't needed, the government does it to take away your freedom. When they got their way, car prices started soaring. Imagine if they charged those prices and people just told the car salesmen, "Eh, I'll ride the bus." LOL.

[@christianmama2441]

@akay_2 I would call housing a public utility like electricity and water, not so much a human right, but something close enough.

[@dickriggles942]

@@christianmama2441 What are you talking about? It absolutely is a human right. Wow.

[@aposteriori421]

Disagree completely

[@christianmama2441]

@@aposteriori421 Homeless people defecating on sidewalks is not civilization. Society needs to figure out some kind of housing for ALL people, including the bums.

[@dominiquedoeslife]

Wow. It’s really thoughtful of private interest groups to ‘help’ people to stay in their homes by buying those homes out from under them and forcing those same former homeowners to pay increasingly unaffordable rent.

[@vanessaschaefer3593]

TELL CONGRESS ITS TIME TO STOP THIS PRACTICE!!

[@anthony3191]

Not just Wall Street but also tons of foreign investors in certain areas. Loads of homes here in florida are advertised as "foreign investor ready/good for renting." The problem is they jack up rent because of our already high cost of insurance/expenses, and the buildings fall apart because they don't live here and know whats going on. This leads to HOA and maintenance increases because of neglect. Then when things get bad they just sell and leave us with the problem.

[@jonatand2045]

The solution is to approve lots of developments, without limiting high density ones, bypassing the nimbys. Since prices are inflated due to the housing shortage allowing the supply to increase would lower them.

[@brendane3283]

Corporations should just be outlawed from owning residential housing. Other ideas: - Individuals who own more than a primary housing residence should also face stiffer property taxes on their additional units than they do on their primary residence. - Foreigners shouldn't be able to own property here.

[@jcantonelli1]

All great ideas - seriously. I like the 1st and 3rd best, while the 2nd could serve to highlight the difference between "personal" and "private" property.

[@benjaminlehman3221]

Why outlaw foreigners and corporations?

[@benjaminlehman3221]

I could agree one 0% property tax on primary residence and 3% property tax on other properties

[@jcantonelli1]

@@benjaminlehman3221 Why should foreigners be allowed to buy US real estate that won't be their primary residence, thereby driving up home prices for US nationals? Why should corporations (which can often borrow money at far lower rates than individuals) be allowed to manufacture an asset class out of residential housing, again driving up costs for the average person? A home is, first and foremost, a place to live - not a vehicle for speculation.

[@jcantonelli1]

@@benjaminlehman3221 0% property tax on primary residences? Lol. So a person and their descendants own a piece of the Earth in perpetuity? No thanks.

[@ogmerchman4210]

One of the many issues with current day American capitalism. The fact homes can be bought off by major corporations only hike up their asking price and their rent is very troubling. The average working class citizen is barely making enough to pay their bills yet alone buy or rent something that should be treated as a human right not a commodity or an investment.

[@TwinFalls88]

#RFKJr2024 is the only Candidate discussing this & with a plan for making it harder for these Corps to gobble up market Look it up

[@waynethompson1115]

Simple solution. Homes owned by corporations should pay 4x the property taxes. Should also have rent costs below the average regional rental.

[@tycooperaow]

This is what I wanted to know for the longest! This message should be spread far and wide as this is the direct cause of home increases in the USA

[@unity2702]

The problem with home price increases is because there are not enough homes being built in our cities. If developers were free to build homes such as triplexes and apartment buildings freely, home prices would be far lower than it is right now.

[@x-marks-x5137]

No it’s not

[@unity2702]

@@x-marks-x5137 How is it? There is a lot of evidence that shows that zoning regulations and red tape is preventing developers from buildings new homes to satisfy demands of the people. Cities are restricting the free market which is what is increasing prices.

[@PoringPoring951]

We need to push for more remote work. Expand residential to more rural area or outskirt. Cons is it'll affect small brick and mortar stores.

[@paladain55]

@@PoringPoring951 the problem with that is they won't just outsource the city to the country side, they will outsource you as well and go some where cheaper since they can go anywhere with remote.

[@CRUSHING.ON.U]

As a California Bay Area native to buy a house is a faded dream, something that would take years to save up for. These prices with inflation is hard to make a living

[@allendean9807]

The irony is, if you look across the nation, prices are the same across the 4-500k region. I can buy a home in Yuma city for 500k, then look in Kentucky, and a similar house is 400-500k. This is the insidious part of this; it’s becoming a nationwide price. And this is insane. As a Sacramento native, i know all too well the cost of living in California. I’ve been priced out since 2017. Here in Kentucky, with houses at these prices, NO ONE here can afford these homes. Out of staters, and equity firms looking to rent are their buyers. Locals are priced out, nationwide. I’ve watched 200k homes in KY become 450k homes over the last year, for no perceivable reason. No one buys a home in 2018 for 200k, and puts 200k in it in 5 years… Insanity….

[@billyevangelista160]

Get the hell out of there, best advice for anyone in cali. Left that hell 10 years ago and now have multiple properties in different states.

[@_Rockill_]

@@allendean9807 The home values haven’t gone up. The value of the dollar has gone down. Printing gobs of money, bank bailouts, corporate handouts, corporate bailouts, funding Ukraine, all while the cost of operations in the US continue at the same or higher rate. I can not blame BRICKS nations for wanting to disassociate from the US shotty monetary system. The US government is wholly responsible for inflation, not supply, not demand, it is a direct result of pumping more dollars into economic circulation. We should have never left the gold standard. The FED is controlled by Blackrock as well as being advisors for Biden. The US tax payers and workers pay the price with the fake promises of leveraging future wages in trade for university degrees, home mortgages boosting banks cash flow, 401ks that get trashed in every economic downturn. The lies we are told, the lies we are sold are limitless.

[@NicholasBall130]

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

[@StacieBMui]

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

[@Wellerpage]

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.

[@LiaStrings]

I’ve been worried sick about the current state of my portfolio, who is your advisor?

[@Wellerpage]

Sonya lee Mitchell is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.

[@JaredMerlin]

Wall Street should be arrested, charged, and locked up for destroying peoples' lives.

[@TwinFalls88]

#RFKJr2024 is the only Candidate discussing this & with a plan for making it harder for these Corps to gobble up market Look it up

[@thisoldjapanesehouse]

Renting is DEFINITELY NOT better than buying. If your stay is short (under ten years) than rent, if you plan on staying for longer than that, buy the cheapest house you can with a good roof. Not only is buying a house a hedge against inflation, you can do as you like with it, and that is priceless.

[@atra7812]

Unless the authoritarian HOA comes in.

[@Bk-qz3yk]

Buying a home in Florida currently is a great way to go bankrupt. 4 years ago my home owners insurance was 1.4 k just got quoted 4600. Makes me sic. Got quoted 30 k to rewire. Utilities up 50 percent in 2 years that not including food increases. I don't know how people are surviving

[@francismarion6400]

Pay it off. The people coming here have 6 or 7 figure pensions.

[@FermentingSoysauce]

True. Rent doesn't go into anything. It doesn't go into credit. It doesn't go into owning anything. Your money is just being bled out by somebody who will gladly evict you for missing a payment. Mortgage, on the other hand, will actually go into owning something. It builds credit and future stability for your family. Rent is predatory because it makes a living necessity into an investment. Imagine if you rent your clothes, dishes, TV, etc. It's an absolute nightmare you would only see in a dystopian fantasy. It's got to the point that my friends and family are leaving the USA for affordable housing. At this point, there are more cons living in the USA compared to the pros we can get. (Mandatory healthcare, housing, policing, lobbying, etc)

[@eattherich9215]

@@FermentingSoysauce: at this point, those who can leave the US should. A better life awaits those who do in terms of quality of life and crucially, medical care. The US is one of only THREE countries that does not have some form of subsidised health care.

[@Slugbunny]

Guaranteed blackmail-- I mean, rent. 🤮

[@NamelessProducts]

Renting has legitimate utility. I would hate to own a home right now.

[@spicyirwin5835]

$3,000 for a 1bdrm that used to be $500-$600

[@dlproductions9574]

i purposefully rented a home over the last 2 years so that i can figure out where i want to go and what i want to do. decided i'm going to be moving halfway across the country instead. Renting was the smartest thing i've ever done

[@0Chinese0Arithmetic0]

Blackmail your landlord back.

[@N0N0111]

Rent is literally funding these corporations. You push them up, and yourself down on the scale.

[@HagiaFantasia]

It seems as if they're saying don't buy a house and don't ever have kids. Just work until you drop, and don't ever do anything about it, if we build more houses won't those get bought up too?

[@EB-zn4hs]

I rent a hike from one of these corporate landlords. There is a guaranteed rent increase every year that's stipulated in the lease. On top of a rent that is already at the high end for any area these homes are located it in. This definitely makes it harder to save towards a home. You need to have a high paying job or A LOT of income earners living in these rental units.

[@sebastianm.2901]

because capitalism.. saved you 12 minutes

[@jesseedkins7447]

The curse of capitalism

[@veggieshiba6943]

Its not capitalism that enabled these corporations to rise to such power, its corrupt policy that enabled it.

[@111mmgg]

It is not perfect but every now and then there needs to be a law that prevents stuff like this from happening. A little nudge in the right direction if you will.

[@siddhitechandnewcreativene4640]

Awesome video

[@IndigoStarrAz]

AirBnB reduces inventory as well.