Americans being priced out of housing market, study finds

Рет қаралды 55,359

21 күн бұрын

Millions of Americans are being priced out of home ownership, according to a new study by the Harvard Joint Center for Housing Studies. Chris Herbert, managing editor with the center, joins CBS News with more details on the research.
#home #sale #price
CBS News 24/7 is the premier anchored streaming news service from CBS News and Stations that is available free to everyone with access to the internet and is the destination for breaking news, live events, original reporting and storytelling, and programs from CBS News and Stations' top anchors and correspondents working locally, nationally and around the globe. It is available on more than 30 platforms across mobile, desktop and connected TVs for free, as well as CBSNews.com and Paramount+ and live in 91 countries.
Subscribe to the CBS News KZfaq channel: / cbsnews
Watch CBS News 24/7: cbsnews.com/live/
Download the CBS News app: cbsnews.com/mobile/
Follow CBS News on Instagram: / cbsnews
Like CBS News on Facebook: / cbsnews
Follow CBS News on X: / cbsnews
Subscribe to our newsletters: cbsnews.com/newsletters/
Try Paramount+ free: paramountplus.com/?ftag=PPM-0...
For video licensing inquiries, contact: licensing@veritone.com

Пікірлер: 365

@tpop3723 19 күн бұрын

What you expect when corporations and investors now own around 30% of all homes.

@martyhen 18 күн бұрын

I think you mean 2% haha

@martyhen 18 күн бұрын

Corporations own 2%.

@jesse_- 18 күн бұрын

That’s because there is demand in the rental market. The shortage stems from policy that address the 2008 financial crisis. Wall Street reform and consumer protection act of 2010 really messed this up long term, as it made it more difficult to procure home and building loans, with resulted in about a half million less homes being built annually. After about a decade of that, we are about 4-5 million homes shorts as the largest generation hit their prime home buying years. There are other factors in evolved with high prices, but this is the biggy. You vote for the political party that did this, you have absolutely no right to complain about the high cost of housing.

@nickcalderone75 17 күн бұрын

You are correct! In our area, many many many single family homes were bought up by corporate companies and real estate rental companies. They have raised the rental prices to unaffordable levels and home prices for sale have literally almost doubled. This has priced out the vast majority of family buyers.

@dianethompson3483 17 күн бұрын

THIS IS the biggest driving force. Foreign buyers (AND our government who allows the loopholes which they benefit from) who usually buy housing they turn into profitable slums. During the pandemic they realized they had a slew of inventory they could slum/profit convert! Our laws allow domestic housing abuse, foreigners are just taking advantage of those same lax laws. I dislike Desantis, but applauded his decision to restrict foreign land purchases! AND funny thing is, Americans can't do this in other countries! AND I'd bet there's a US govt official or two profitting from keeping THESE lax foreign housing and land purchase laws alive!!!

@skylarcowley7281 19 күн бұрын

In other news, grass is green. Water is wet

@Omar_Zazzle 19 күн бұрын

And your love letters to Dylan Mulvaney have lipstick stains on them.

@DisposableEgo 19 күн бұрын

...and guess where your lipstick stains are

@23calvken 18 күн бұрын

@@Omar_Zazzlesounds like someone has too much interest Mulvaney

@silentmajority8365 12 күн бұрын

Uranus smells

@alexsteven.m6414 12 күн бұрын

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.

@valeriepierre9778 12 күн бұрын

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.

@edelineguillet2121 12 күн бұрын

Anticipate rising home prices due to inflation, potential economic fluctuations, and Federal Reserve actions, emphasizing the need for expert financial advice amid uncertainties.

@bernisejedeon5888 12 күн бұрын

I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

@edelineguillet2121 12 күн бұрын

Her name is “Sharon Marissa Wolfe’” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

@yolanderiche7476 12 күн бұрын

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

@kortni_animations 19 күн бұрын

Tax the poor. Give breaks to the rich. Enforce strictor zoning. Hike inflation. Dont build affordable homes. Im amazed we have this problem.

@DoctorWonka 5 күн бұрын

More like, taxing the middle class.

@adanr2389 19 күн бұрын

We are being priced out by large corporations that are buying houses.

@debrariat6884 9 күн бұрын

they wouldn't buy the houses if population were stable. corporate house buying is speculative. close the border. the US population is stable without illegal immigration. housing cost would become stable. no profit for corporations

@uhhmon319 19 күн бұрын

We didn’t need a study to know this

@DoctorWonka 5 күн бұрын

Exactly!

@ryanwalters6184 19 күн бұрын

Thanks for the international corporations that can still afford to buy with cash.

@OGamputee 19 күн бұрын

China buying mass sections of land doesn’t help.

@P2B_JC 19 күн бұрын

The bigger thanks is to the thousands of homeowners that belong to the boomer/X generations that sold out their kids' and grandkids' futures to make an extra buck by selling to investment firms.

@TorukMaktoDracarys 19 күн бұрын

Interesting because they've been buying for Decades, but yet Donkeys giving 10 Trillion to top1 %donors who are now worth fifty% more gets a pass from y'all even though groceries &$helter are now30 %more. Go figure

@TorukMaktoDracarys 19 күн бұрын

Yet they've been buying for decades without issues, yet a pass for DonkeyDonors worth50 percent more, interesting 🤔

@silentmajority8365 12 күн бұрын

millions entering to compete for homes close the border

@iamteacher3088 19 күн бұрын

Don't need to do a study to know this........

@Me97202 19 күн бұрын

Really? We needed another “study” to come to this conclusion? How about fewer studies…and more solutions.

@ShayKMBR 19 күн бұрын

The only solutions are laws. We need laws enacted that stop corporations from buying single family homes and no person or entity owning more than 10 single family units. We need greed caps. Rising minimum wage that matches inflation. Etc.

@jesse_- 18 күн бұрын

@@ShayKMBRwhenever the gov meddles, costs go up for the average person. That is a fact! If you look back not too long ago, the Wall Street and consumer protection active 2010 was put together, which caused about a half million homes to not be built every single year. That is the major reason we have a shortage of houses which intern caused housing crises to spike when the largest generation ever, came into their prime homebuying years. of course there are things like inflation, but the demand due to the shortage is the main reason for the housing prices spiking. If you vote for the party regulation, you lost every single right that you have to complain about high housing costs.

@tbd6963 17 күн бұрын

Why would they fix it? Would hurt their home values

@Network126 19 күн бұрын

I lost my housing twice during the pandemic, and then couldn't afford the skyrocketing rents anymore, so I ended up buying an old Toyota Sienna minivan to live in.

@jesse_- 18 күн бұрын

Nice! Congrats on your first home purchase!

@johnnybgood3909 17 күн бұрын

You showed em whos boss

@ladyinquisiteur92 15 күн бұрын

I stay in my car too! By myself and I have no help. I have a son in foster care now. It's a Ford Taurus and me being big a big girl don't help. Would love to know the things you do to get by.

@silentmajority8365 12 күн бұрын

Pandemic caused by open borders millions of home taken by those crossing open borders

@Neppy1414 10 күн бұрын

i bought a van too, because i know as an older single American woman... homelessness is imminent.

@buzzard1013 19 күн бұрын

There are numerous studies that show there are 14 MILLION homes vacant due to institutional investors as well as speculators asking too much for rent or selling price. We don't need to create more multi-family housing or drastically change zoning laws because those new homes will end up being vacant due to the same institutional investors asking too much for rent. Leave our neighborhoods alone.

@ct6852 18 күн бұрын

How do they let them just sit empty like that? And why?

@buzzard1013 2 күн бұрын

@ct6852 they were able to afford to sit on it and hope for a good return on their investment but due to the economy slow and high interest rates that hope has turned to pessimism. Now prices are starting to be cut but it’s a little too late. The economy is only worsening and interest rates are only rising.

@tanaadams7793 19 күн бұрын

Can’t even afford apartments

@user-sc9lr6kz8t 17 күн бұрын

It's a sad state of affairs when people that are renting are unable to save for a down payment due to high rents. I lucked out and bought my first home 5 years ago before rents skyrocketed.

@socialconservative1986 19 күн бұрын

You needed a study to come to this conclusion?

@OpDab 19 күн бұрын

Companies buying real estate

@jesse_- 18 күн бұрын

Wall Street reform and consumer protection act 2010 was the start of a major housing shortage due to those regulations. Now, if you vote for the party that is responsible for that, you have lost all rights to complain high housing costs.

@enochbrooks633 17 күн бұрын

The company that owns our home is American based and owns thousands of homes across the country. Eat the rich.

@christinet6336 19 күн бұрын

We live in a plutocracy... there, I answered it for you. It has nothing to do with the pandemic. Housing prices have been ridiculous for the past 40 years.

@laylapreater7813 19 күн бұрын

Breaking news the sky is blue

@ebonynerd 19 күн бұрын

🎯 facts, where have they been?

@peterkisicki618 19 күн бұрын

Corporations buying up entire neighborhoods doesn’t help. Loosening codes does very little if corporations or investors just buy them up do add to their asset collection. Maybe reserve homes for owners who actually live in them. What a concept.

@buckeyedav1 5 күн бұрын

I was just thinking that, homes can not be sold unless the homeowners agree to live in them. In recent years every house in my neighborhood has been bought by Rehabbers or investment companies from out of state who then sell or rent them for crazy high prices. Maybe build single family homes for First Time Home Buyers and homes must be sold back to the state and sold again to another First Time Home Buyer or Senior Citizen that way we can keep a tighter leash on the market, it could be done. Anna In Ohio

@NewYork7914 19 күн бұрын

Now buying a house turned American dream to American nightmare.

@newtec-kd6vy 19 күн бұрын

No one looks at Havard as experts anymore.

@ryanr5182 19 күн бұрын

Yeah its all about those You Tube experts for you folks now a days. Pseudo intellectuals who grift you and then set your localized stupidity on the rest of the country.

@jayce8001 19 күн бұрын

Many are starting to be priced out of housing period.

@michelledelfrate1014 19 күн бұрын

Not just housing - life in general! Many of us can not afford medical or dental care anymore and mostly just do without until an emergency arises!

@AnthonyHernandez-ou3np 19 күн бұрын

Yet nothing is being done about it..

@TruFilmProductions 18 күн бұрын

Absolutely nothing by the government to fix this.

@freeheeler09 19 күн бұрын

1. End foreign ownership of all homes and land in the US. 2. End corporate ownership of homes. 3. Try to fix the insurance industry. 4. Build smaller homes. 5. Build more land efficient, dense, row homes and condos near downtowns. Our path to home ownership was a bit brutal. We bought and lived in and fixed up really distressed homes. And we did the remodeling while working full time jobs. We weren’t flippers as we lived in the homes for years. But each time, we came away with significant equity. We worked a lot of 70 hour weeks. Buy actual books on carpentry, cabinetry, plumbing, electric. KZfaq helps. Some pro’s actually respect do it yourselfers, and will help you plan your wiring project if you respect them in turn and pay them well for their expertise!

@sandman.38 19 күн бұрын

+Respect

@nickcalderone75 17 күн бұрын

Very well said!!! ❤

@heyaisdabomb 10 күн бұрын

Here in San Francisco, the solution from every mayoral candidate right now is BUILD BUILD BUILD, but at the same time, it's estimated by our own city government that 1/3rd of homes are vacant foreign owned. The biggest problem is unlike most other countries, we have let houses be speculative assets for foreigners to invest in. The problem is those in charge, own houses in this city, and the last thing they want is their house price to plummet.

@buckeyedav1 5 күн бұрын

Nailed it 100%. Anna In Ohio

@AndrewTran-bleh 19 күн бұрын

@1:52 laughed out loud when hearing the guy said homes have higher quality now than in the past

@eddenoy321 19 күн бұрын

Fer real ....what a load of BS

@jayce8001 19 күн бұрын

A full container ship full of BS for sure. Watch Cy the home inspector. It is like a plague from all builders in all states they are in.

@jul.escobar 19 күн бұрын

that's hilarious

@paulsanchez214 19 күн бұрын

Most homes built before the 1960s didn't have central A/C, they had one electrical outlet per room rather than 5-6, they had 1-2 bathrooms rather than 3-4, and homes tended to be smaller, etc. Things that were luxuries for homes a couple of generations ago are now standard, which means costs to build go up.

@DarkRider1768 19 күн бұрын

@@paulsanchez214Standards bring prices down. Don't buy the BS.

@bonniebob2802 16 күн бұрын

It’s amazing these news stations don’t discuss the fact Wall Street now owns 25%+ of all real estate. Not the only reason for housing prices to skyrocket but a main factor.

@Swolejohll 19 күн бұрын

Give corporations billions in free dollars and price of living goes up. Corporations take and take.

@heyaisdabomb 10 күн бұрын

But whose going to create the JERBS?!?! MERICA!

@xparadoxicallyx 18 күн бұрын

I have ZERO confidence in any lawmakers making any positive changes. Period. It’s just going to get worse from here. 😢

@DisposableEgo 19 күн бұрын

Thanks for catching up on what everyone already knows

@nycsergio 16 күн бұрын

So Harvard had to do a study to confirm what we already know

@dreynolds4883 18 күн бұрын

But we need to focus more on Israel, Palestine, & the Ukraine. Thats more important than the housing crisis in our own country.

@dc2guy2 17 күн бұрын

WHAT TF ARE WE DOING?? We made all these incredible strides in technology and innovation FOR WHAT??? The Earth had enough for everyone's needs!

@Tourian 16 күн бұрын

profit for shareholders

@JYDIVISN 16 күн бұрын

Not sure we needed a study to prove that.

@Seanpfree 19 күн бұрын

CBS, 4 years behind reality.

@learningearning8385 19 күн бұрын

In today’s news: Dogs bark & water is wet.

@tabbykat122 16 күн бұрын

I'm hearing so many people my age (30-40s) who have been in the workforce for awhile but still have to rent unless we're with a partner and have dual income and even then its not a guarantee. A lot of people have basically become resigned to the fact that we're unlikely to every be able to own a home. We'll be renting until we're dead.

@jamesjohnson4900 19 күн бұрын

Since the 60s?? Stop talking and start doing! Damn!

@ryanc4955 19 күн бұрын

Almost like car-dependent urban sprawl and zoning regulations that create only low density single family homes lead a situation where we don’t have enough supply and an increase in traffic. WE NEED HOUSING DENSITY AND MORE MODES OF GETTING FROM POINT A TO B.

@henschthedane7902 18 күн бұрын

It's the same in Europe

@JohnsonAlima 19 күн бұрын

👍👍I love the grounded reality of this channel! Despite the economic recession, I no longer depend on Government Grants since I acquire $40,400 weekly profits

@Philip0128 19 күн бұрын

Great news! how did you get that?

@JohnsonAlima 19 күн бұрын

It's all thanks to Robert Marion

@Georgesam385 19 күн бұрын

trading under proper guidance remains the best way to succeed in today's crypto market

@shayelynne 19 күн бұрын

I know Robert Marion. He platform maintains a unique perspective and is very transparent with their investors. Regardless of whether or not he outperforms. I will forever stay invested!

@GeorgeDickey-rw4hj 19 күн бұрын

Yeah, $50k from Robert Marion, looking up to acquire a new house, blessings 🙌

@chriscastillo4634 18 күн бұрын

I live in a smallish city in central TX. Population is about ~20K, median income is less than 40k a year. We had a California real estate firm buy up homes and now renting them for $1800k a month..what's funny is those house are just sitting because no one can afford them. The homeless population has increased and my town has no shelter or resources to help. Pretty sad world we live in.

@SunflowerSunset 16 күн бұрын

If no one is in them, shouldn’t the price decrease soon? 😢

@chriscastillo4634 5 күн бұрын

@@SunflowerSunset one would hope. I keep an eye on it and it's been vacant now for 6 months. Rent is still 1800 last I checked a few weeks ago

@JS-vj6rm 4 күн бұрын

It is very sad and evil what is taking place throughout our country. I live near Wichita, KS and rents have increased a lot here too after COVID.

@cyan1616 18 күн бұрын

In my neighborhood in Chicago foreign companies are buying up all the apartment buildings and charging stupid high unaffordable rents. Then the money we give foreign landlords goes offshore to their own countries. Dubai is one of the biggest offenders.

@MrNiceGuy500 18 күн бұрын

Then who is being priced in….foreigners?

@syeina 17 күн бұрын

Feel bad Americans are now going through this as well :(

@masterchinese28 19 күн бұрын

While I feel fortunate to have been able to have bought a house, I feel for my kids and their generation. It's truly a steeper climb to get into the "American dream." I've already told my adult son that I'll help him with the down payment, and I should start planning for my daughter when she gets older.

@RiDankulous 19 күн бұрын

This is one of the biggest issues facing Americans and will continue to be so for many years.

@RomaSF 14 күн бұрын

Who else thinks that the only fix for housing prices is to prohibit “Blackrocks” from buying single family houses?

@jul.escobar 19 күн бұрын

oh we have been. its just affecting higher incomes so now other levels are being affected. Like its new or something. Ha - its just higher income brackets turn to fall. Welcome - we've been here.

@JosephMcEntee99 19 күн бұрын

It's definitely alarming to hear about a default cycle, especially in the context of the housing market. Defaults can lead to foreclosures, and that has a cascading effect on the overall real estate landscape.

@ryan_dylan6650 19 күн бұрын

While it's concerning, it's important to look at the broader economic context. A default cycle doesn't necessarily mean the housing market is completely finished; it might signal challenges, but markets are dynamic, and they can recover.

@danialwiren2403 19 күн бұрын

But if more people are defaulting on their mortgages, doesn't that mean home values could plummet?

@luigijohson6732 19 күн бұрын

Yes, that's a possibility. An increase in foreclosures can lead to an oversupply of homes in the market, putting downward pressure on prices. It's the basic principle of supply and demand.

@patricia_nura3378 19 күн бұрын

How can people address concerns about their property values?❤❤❤

@luigijohson6732 19 күн бұрын

Now might be an ideal moment to reevaluate your financial status. If you're worried about your home's value, consulting a real estate professional or financial advisor could be beneficial.

@benkenny3220 19 күн бұрын

I've lost about $5,000 this year, so far because of hour cuts. Then everything is still getting more and more expensive. Very bad economy.

@paulthegameralt2796 16 күн бұрын

What are the politicians and the builders doing about this emerging tragedy - young people cannot afford homes?

@Chew5219 19 күн бұрын

High Speed Rail for commuting could solve the problem by developing affordable housing within a 30 min train ride from high paying jobs.

@Showyouaroundme 19 күн бұрын

Everything else but the real issue...you qualify for congress! Congrats.

@okthennone 13 күн бұрын

Your title explains why it's a mess. It shouldn't be a MARKET.

@bobburgers9890 8 күн бұрын

Make it illegal to own more than 3 properties.

@apotatoninja 19 күн бұрын

Never would have guessed

@suntoyfull64 19 күн бұрын

Blah, blah, blah.... let's create a study to hide the obvious fact that price fixing by corporate private equity in the rental market is responsible for the outrageous prices.

@kristawelch3821 15 күн бұрын

Corporations should not be allowed to own so much of the housing stock. Real estate should be geared toward individual ownership.

@Grandcathedral 12 күн бұрын

Ok buy plenty of rich people 10 or 20 homes. You can't tell them what to do with their money it's very unamerican

@straightdrive6192 19 күн бұрын

Really, this is news to me., Good job in finding something nobody knew so far.

@charliecampbell1232 19 күн бұрын

They had to do a study to realize that?

@dwoolf7019 3 күн бұрын

Block corporations from buying up single-family homes. Also Force the sale of single family homes that they own.

@gilev3230 19 күн бұрын

You know I love to see these reports confirm what is already known. Report on something we don't know I😂😂😂

@DebbieOnTheSpot 19 күн бұрын

Ep. stien island

@dirostudios 19 күн бұрын

solution: move to an area that has cheaper homes like Oneida County New York median home price $192,000 payment $1,200 a month. A beautiful upstate New York area where I grew up. These homes are out there, just do some research.

@MoMotivation0304 16 күн бұрын

Corporate greed and Government delusion....best economy ever Joe!

@cev12 19 күн бұрын

And of course the competition for housing by immigrants... Not to be overlooked, when there is such a huge influx of economic immigrants to the US (and all other developed countries).

@Imjusttryingtotellu 19 күн бұрын

Always another crisis to worry about 🙄

@joet7136 18 күн бұрын

Outlaw companies from being able to buy single-family homes. Outlaw anyone from owning more than 4 homes for ANY reason. If they want an investment they can buy stock!

@karimamin2 15 күн бұрын

Solution, 1st time home buyers get rates at 3%

@Soooooooooooonicable 19 күн бұрын

Ohh, it took a study to figure this out?? 🤣🤣

@geraldwatts5492 18 күн бұрын

4:20 That's a bigger factor than some people realize. Americans have fairly large homes compared to most other developed countries. Sure there's plenty of land still, but is it near enough to the city for people to want to live there? The opposite is happening in China now with their focus on highrise apartments, now there are way too many of them.

@KingSellassie 19 күн бұрын

It’s incredibly depressing that the dream is truly dead… it’s like it was never alive in the first place

@JustSavwill 19 күн бұрын

Stop wanting to buy a home. It’ll go back down once ppl stop playing the game. They are taking advantage of future home buyers. All these homes are wayyyyy over priced rn. Not worth it. Move back in with friends or parents

@TruFilmProductions 18 күн бұрын

Why are they acting like this is something new? Been like this for years now. Greed!

@cali-cali6700 19 күн бұрын

See what happens when you let business and foreign investment groups to invest in housing

@zoner__ 17 күн бұрын

Added regulations that are unnecessary.

@DsonicJ5672 19 күн бұрын

Soooo….. people want the one thing in low supply that everyone else wants, and nobody wants to sell

@jacobnapkins1155 19 күн бұрын

Actually sales have dropped to great recession numbers and inventory has been increasing

@SlavTiger 19 күн бұрын

@@jacobnapkins1155 simply put all prices are inflated to unreasonability, and the investors dont want to sell at a loss, so we have all this real estate rotting on market

@sbkpilot1 19 күн бұрын

Guy is smoking the good stuff.. it's simple, housing has become a speculative commodity by investors

@lovelight6973 19 күн бұрын

Shocking. Never thought of that. 🙄

@arizonanative7409 19 күн бұрын

Hmmm… I would argue that homes built today are higher quality. Many construction defects. Especially in fast growing spots like Arizona.

@chrissharkey9644 19 күн бұрын

New homes are not near the quality as the old ones

@craigenputtock 19 күн бұрын

Inflation = devaluation of the dollar. Thanks, Joe!

@NotMeGworl 15 күн бұрын

Nobody needed a damn study to know this. Little timmy up the street could tell you this

@element720 19 күн бұрын

What a revelation!

@galemartin9155 19 күн бұрын

I wonder what role deregulation and tax cuts may have played in all of this?

@GotoHere 19 күн бұрын

Tax cuts make homes more affordable. Deregulation makes homes more affordable. Record inflation and high interest rates make homes unaffordable. IE Biden is a complete failure.

@pete3936 15 күн бұрын

no shet, we didn't need a fancy new study to figure it out

@SanDiegoOfficial 18 күн бұрын

How is this news. Its been reality for a long time

@js6728 19 күн бұрын

you should tell them the truth, before they find themselves living in it

@mistol2130 13 күн бұрын

Thank you Black rock you treat us so well

@arunbenny808 19 күн бұрын

Wow, the news is so late to what everyone on the internet and social media have known for years…

@bvswtwolves21 13 күн бұрын

I have 110k for a downpayment and I remember the sacrifices to make it there so I'm not ready to throw it at a crap house that the owner paid for 200k less just 5 years ago. I'm limited to condos and towmhomes in ATL and the HOAs sometimes make the mortage higher than a house. Its ridiculous how the government hasnt stepped in to address this after they have fumbled the bag with housing since 2000.

@alexroberto6353 19 күн бұрын

Everyone stop buying houses! Price will plummet in months.

@claireconover 19 күн бұрын

thats unrealistic. there are new families out there who need a home… and rent is so expensive, a few might be wise to just buy a home instead.

@jadebrownofficial 19 күн бұрын

Cancel all of the debts, public and private; put $20,000 in every American adult over 18's pocket, and I can guarantee you the economy will boom and there will be an increase of people who will be finally able to afford rent and a security deposit. It's a pipe dream though.

@bradvincet1848 14 күн бұрын

But Biden said everything is great and looking up. 😂

@jennifermarie3158 19 күн бұрын

Ya'll complaining about the news reporting on this because it's obvious to the public... But how do you think the issue is ever going to get solved if the problem isn't discussed? Ya'll just gripe about stuff without understanding the bigger picture. The news reporting on this issue and studies demonstrating the problem is better than it not being discussed.

@Victor-it6bv 18 күн бұрын

Blackrock is the biggest donar of the Democrat party

@alexroberto6353 19 күн бұрын

Supply and demand plus Property taxes, insurance etc.

@dawolvx3098 19 күн бұрын

$3000 Mortgage = $1500 Property Taxes - $800 for insurance

@GP-zk9fz 17 күн бұрын

3 reasons for the housing crisis: 1. Middle class wage suppression- see executive wages to employee wages over time. 2. Corporate acquisition of single family homes. If everyone is priced out how come demand isn’t falling? 3. An honest shortage as caused by an undervalued blue collar workforce and zoning laws.

@LowHang-nFruits 9 күн бұрын

You don’t need a study to tell you such obvious fact

@WordThought 19 күн бұрын

lotta rentals are owned by immigrants and foreigners who charge maximum level just because they can- its also a way of gentrifying certain areas and taking back the country as well as making sure the country clubs dont get overcrowded

@danpiazza3803 18 күн бұрын

The boomers noticed!

@paulapril 19 күн бұрын

Probably best not to let people walk into the U.S. from other countries. It's going to increase the demand for housing thus increase the cost of housing... Amongst other things.