@ElCarnivoroBBQ I agree with you there, too many people don't give a shit as long as they're not tied down. It affects everyone around them. That still doesn't negate the fact that politicians don't give a shit but lining their own pockets to benefit themselves. And that is all over the island.

all politicians do that. rotate them …

This is the worlds problem.

@@SkylineMMedia it happens in DC - what do you expect.

@@SkylineMMediaThat’s all over the world and has been that way since beginning of man kind since kings and queens existed.

That’s not what forced appreciation is. As someone who invests using a forced appreciation strategy, that’s a gross misunderstanding of the term. What he’s done is called being a scumbag.

​@@marcweisiYes, zoning policies should not allow this practice.

Capitalism...

I believe that forced appreciation is improving the property to add value. For example, adding another bedroom, bathroom, etc.

@@meta5291 That isn't capitalism. That is socialism and regulations support it.

It's not a problem in China...

Look into vacancy taxes.

PR can't even collect regular property taxes. The last time valuations was done was in the 1960s and so everyone pays taxes on those amounts up to today. No politician will touch it because it would make everyone angry to tax property correctly.

So true....

I like your thinking, run for President ❤

How people suppose to make money lol everybody wants other people to not make money lol. Haters

All part of the plan, keep the poor poorer and make the rich richer, but I'm just a crazy conspiracy theorist

Especially in California. There are a lot of foreign investors who buy up properties and just let them sit, and no one can live in them.

Venture capitalist and institutional investors getting into the single family as well as multi-family rental biz. It really sucks. I live in western Washington all the nice local owners of properties maybe they had three or four apartments to rent or a couple homes that they used to own that they now rent out to support them in their retirement all those people have been driven out of business. Now if you have to make four times the amount of that rent and income before you're even eligible to apply to rent a place. We have so many people coming from all around the country who have no idea how expensive it is to live here and the amount of people who are sleeping in their cars it's insane! Especially in the winter. It get's cold on the west coast. We get snow , ice and rain that will chill you to the bone. Living in a car during that sucks.

​@@lani7148the whole West Coast has had an influx of Chinese money that needs to be parked. Wealthy Chinese being the wise individuals that they are. Have come and bought up multiple properties. Unfortunately with a change in landlord tenant laws most of them have stopped doing anything with those properties. You are correct they sit vacant because it's too much of a risk to rent them out.

Property taxes help with this.

You say rich people lmao call it. When old yt men come seed the young girls and buy industry. It’s a takeover how all yt men conquer. Through the women and money😊

@@VeneerDeptwhat the fuck did i just read

Tell that to Compton. Haaaaaaaaa

@@lloydavery2and2make5 your example is a community destroyed by rich people. lol. Because five people having a house is so good that we can ignore thousands without them. VERY big brained take coming from Lloyd Avery, everyone.

@@chuntguntley8771 how? You have to be "rich" to have a tight knit community that's not destroying itself?

About half of the people don't vote, and those who do end up voting for the same system. It's not about voting for a better Puerto Rico. It is about protecting their pensions and government benefits. Nothing else drives the voting block.

As a Boricua, we can't do anything about it. No matter how much we try and fight, scream and do anything we can to help our community, the government won't do anything. They're all corrupted, in here and in the rest of the world.

​@@bonillapras another boricua, I concur 100% 😢

I mean we try they just corrupt af

I think you mean the United States government. PR is a colony cant do much without their aproval

So they did do improvements? Or they left it as trash. Confused, what are we talking about?

​@@AverageJoe-12not sure what they eventually did in SanJuan. In Brooklyn many investors bought upward of 50 residential properties and sat on them. In many cases they were left vacant for a long time while they try to buy up other homes in the area. When they started selling they made loads and sold to a didifferent demographic. Some of this was possible due to them tricking old people out of their homes. It's an ongoing issue across residential areas in NYC.

YEP pretty soon there will be No affordable housing in any part of NYC.

It wouldn't be gentrified if "y'all" took care of it. Typical of you to blame someone else.

@@lloydavery2and2make5 what do you think gentrification is?

EXCEPT THEY GET PAID TO MOVE HERE PAY NO TAXES REAP THE REWARDS AND LEAVE

@@starkistunaand we’ll continue to do so.

Read "Behind the green mask" by Rosa Korie

Yup this is happening everywhere unfortunately

And exactly why 10s of millions of ppl cant afford to buy houses that are trash. Millions of homes being stockpiled with no ppl living un them just to drive up the price. Once the bubble bustrs the taxpayers that cant even afford a home will be footing the bill. Fuck that 101 shit its just greed.

Code Enforcement. Weekly fines for dilapidated unsafe buildings. You don't pay the fines the they get liens on property if its sold the fines have to get paid inorder to get the title.

@@juanvaldez7279 this doesn’t happen in reality when it comes to speculators. If the building is not being used, code doesn’t get enforced against an unused build that “isn’t a danger to anyone”. So speculators will buy a building and let it become dilapidated and decrepit to lower the tax burden from the value of the building so they can speculate on the value of the land.

On the mainland it dose. My friend owns commercial building in our downtown one of them had a fire they had 2 months to make it look good, new windows and pain or it will $150 fine each day if not made to look presentable. Also the owners around that building could sued them for loss of property value being lookated next to a decapitated building. The city would have to fix it and put liens on the building.

lol... the taxes will hurt people that aren't him.

@Unknown987X 100 years ago the Land Value Tax was the most popular tax idea. A solution to the industrialization and urbanization of society. Even Milton Friedman declared it “the least bad tax”. Can you find an even more anti-tax economist? Unfortunately land owners proved too powerful and the Land Value Tax was distorted into what we know as the Property Tax. So are you a landlord apologist?

Unfortunately, people do not read. They vote for a music jingle.

75% of the island is welfare.

Hawaii has a everyone wants to live in Paradise problem, especially Paradise that has generous welfare benefits. This has attracted people from many places for 40-50 years now. More recently a tragic cheap drug addiction problem has significantly to the mental health, crime and homeless problems. Crystal Meth has ruined at least 2 generations there. There are families who have drug use and abuse as a part of their lifestyle. This is not unique to Hawaii but since Hawaii was mentioned, these facts must be mentioned. A lot of SE Asian countries, the US as well as some Asean Island nations have been targeted by drug suppliers & dealers. Crystal Meth recipes and guided instructions are freely online! Yes, there is not enough affordable housing, but there are other extremely urgent problems that are encroaching on the safety of otherlocals and tourists alike. The Pandemic killed a lot of tourism based jobs as well. The resulting hyperflation has been unbearable for local residents, immigrants and tourists. The working poor with children were pushed over the edge by losing their income and 1M median housing prices that continue to climb. Both locals born and raised there and global immigrants who've came within the last 50 years are all being priced out of permanently living there. Living with family, camp living or leaving are the remaining options for many.

Well it will be the boricuas fault they are the one selling their properties, a lot of gringos are buying shit properties a high price and boricuas are selling like crazy so let them sleep in their cars money doesn’t last forever as simple as that

I care because I’ve travelled a lot (always with work or to a job, I’ve never done it with time-off & never just for “fun-zies.”) And it has fascinated me to learn from either 1st-hand experience or direct interviews that the way people of modest-income live is NOT naturally or automatically exactly like what’s considered normal in the two-hour radius around Boston. Being ethnically Irish, extended family and community gave me indoctrination regarding colonialism (pretty typical stuff about contempt for the English), but I’m older now and I’m curious about Neo-Colonialism (example: Mainland China “helps” some African countries, but there are many many strings attached. Rare minerals and oil get exported, yet the local people are not getting educated abroad for high-paying, high-skills, transferable jobs related to resource extraction. They’re not acquiring degrees in geology, or the types of science related to refining minerals & oil. The locals are told they’re lucky because now they can have low-paying, zero-benefits, physically dangerous, jobs such as welding with no eye-protection while wearing flip-flops 😡🤬 [the World-Bank / IMF also does this “We shall help, but only with many, many, strings attached thing ]). And being ethnically Irish, I’m compelled to ask and research again and again: At what point did Irish people give-in & start thinking and feeling “well, we’ve got to pay the land-lord: if we don’t, we’ll be forced off our land.” Must every tenants’ association from Brooklyn to Dublin to San Juan have military contractors to ‘back it up’ ? 🤷‍♀️

@ElCarnivoroBBW Your post had interesting points but that last sentence you included needs removal. Tellin’ It like it is. 💐

they waste their time making noises with pots and pans - bunch of idiots. There is the power of the written word. The governor does not have any power. No one there has any power. Look at the legislation - it says the US Congress is responsible. That is where the people have to appeal. They allow anyone to spit on their faces and do nothing. Even the PR in US Congress are socialists/communists They live well, have the best retirement in the USA but they do not want those benefits for PR. Hypocrites.

kek. this is work? im so sorry for u

Lol yes when she says it with a strong accent but talks perfect English without the accent when saying everything else lol

Ya this should be the law everywhere, make property tax by default very high and then have steep reductions if its your primary residence or if you improve the property. If someone wants to buy and sit on a lot fine let them but tax that heck out of them then they will quickly be losing money even with property values going up. Also property values will stay more realistic in general because speculation will be discouraged.

Crowd funding and purchase everything - every piece of land. Stop complaining. Enough BS and vote out the communists and socialists. I would hate to see people draining in the ocean trying to escape the island. At least they have. good passport to get out and go anywhere in the world. .

*US government

it sounds like communist Cuba. That is what they are doing. But when Fidel Castro passed away, he left $900 million to his family. Wow - communism is good.

@@juanhaver6584 wow a bunch of communists here. It sounds like Nicaragua, Cuba, & Venezuela.

Apparently you haven't been to Detroit!

Storm damage. If insured they took the money and left.

It's the whole island bro

@@reyesbiz101 10 months in now. You’re correct. The whole island is riddled with them. What’s even crazier is when you think it’s abandoned and hear a tv or people talking inside the house. And I don’t mean homeless people either.

There's Detroit Michigan San Francisco California then Portland Oregon vacant property everywhere. It's getting worse.

Sometimes there's no one better and a community needs to band together

You think she’s going to do that!? Her thing is complaining and spreading anti-American propaganda. It’s not convenient to teach the locals how they can too do this and generate wealth!

😅😅😅 As if they could do that without foreign investors. The whole island is basically built with foreign funds!!😅😅😅

@@davidd.c.9344 What I described doesn't require funding.. what you described is called foreign occupation and colonization.

🤮

If they weren’t going to do anything with it the former owner could’ve done the same thing but sold it anyway. Something is off. 🤔

The whole area looks like that building…. It’s a hot mess

Try getting and holding a good paying job so you can afford it It's called corruption.

Which is 100% legal

@@danielsiegel8619 Respect towards the people of the island and their culture is also legal and honorable.

That land would eventually be sold and the next person will buy it and not use it, if you wanted to make a change then you buy if. Your whole community buy it

@@juang5424 Since you do not know many buyers and sellers who are staying on the island, I will inform you they are selling only to those with plans to stay, pay taxes, and make the country better for the locals. Locals have caught on to the racket of buy and sell for a profit.

​@@danielsiegel8619 No it isnt.. foreigner buy American land all the time. A Scotsman just bought like thousands of acres.

this is actually the best way to fight back, money fights money

Anything but WORK and buy your own properties, right?

forget the PR government. They have Zero power. Write to the Congress people and to the WH. - a couple million letters will catch their eyes.

realll

@@tomfoolery666 yes. Someone has to log and read the incoming correspondence. Thanks to Obama, PR is no longer a Commonwealth. It is operating as pre-1949.

@@tomfoolery666 Yes real. Obiobi turned back the clock and PR is pre-1949

Then stfu and do something

You already started wrong ‘People themselves buying land’ is the most capitalistic excuse possible. Not how gentrification works but that’d be awesome

‘Restrictions on who can buy property’? Hahah you gotta learn a little more about how the US is abusing their territory. Cause they do the opposite which is why they are more than allowed to but invited to do these things.

The grand majority of puerto ricans cannot afford these properties, since prices are already jacked up by said investors and the minimum wage here is not enough.

The people can’t afford it and the government wants to see this speculation happening because it makes dollars. But it’s just gambling at the expense of the people living there. It doesn’t bring business in, it doesn’t raise the quality of living there, and the money passes from investor to investor without ever actually channeling it to Puerto Rico What will happen when the market crashes? The properties will stay vacant lots forever

American Indians are buying all the land they can around their reservations.

They do… they’re called realtors. They don’t talk to you unless you’re willing to spend more than $200k. I know! Sounds cheap compared to where you live but the value of a home here can be half of that on average

CRIM doesnt enforce it. Blame the PR Government for that.

How about limiting what outside investors can buy essentially a freeze so native Puerto ricans have access to what is rightfully theirs ... GENTRIFICATION IS WHITE SUPREMACY

What? No property tax in PR?

​@@danpan001 Land Value Tax isn't exactly the same as standard property tax. I can only speak for where I live in Upstate NY, but as a general idea, most property tax is assessed on the value of the building you have on a property, and only a small portion of the tax is based on where that building is. This tends to discourage development. Say you own a rundown set of rental houses, and maybe a couple empty lots where houses used to be. Generally speaking, it's a run down part of town. You are actually making pretty good money though. You may not be able to charge a lot in rent, but you don't need to because you aren't really paying to maintain the buildings and you aren't paying much in taxes because you are assessed mostly on having run down buildings. Under a Land Value Tax the tax burden shifts more to the land. You are in the heart of the city. Under LVT you end up paying much higher taxes, so you have three real options- fix up your houses, tear down your houses and redevelop, or sell your property who someone who will. At first, that sounds like it would be bad for poor people, but it ends up actually being progressive. You could build a few luxury apartments, or you could build a higher density low income housing project (or a mixed use project). You are also less likely to build a Burger King with a big parking lot on a lot that could have several side by side businesses if you work with the city to make the neighborhood walkable. Because every landlord is under the same pressure lots of empty lots and under used lots get redeveloped, so the total supply of housing goes up (at least if you also can reign in the NIMBYs who don't want poor people in the neighborhood). Because there is more housing prices stay low, and because a tenant has more options if their landlord isn't maintaining the place landlords have to compete to provide amenities and keep their places in good order. It discourages sprawl.

The same people complaining about investors not fixing up their properties are the same people that complain about gentrification when they do fix up a property.

Nah....stay where you are.

@@user-of5wh8xf9k fuck no. I’m moving to PR because I’m a colonizer just like Bianca’s heritage is.

@@Westcoastrocksduh Dude Puerto Ricans alive today still have Taino DNA, studies have been done to prove this. Puerto Rico is our house.

@@user-of5wh8xf9k ohhhhh they have DNA do they? They have DNA of colonizers from Spain. Also it doesn’t matter. Woe to the conquered.

@@WestcoastrocksduhTypical colonizer speak.

Yes quite often the result if siblings fighting over the property. If you don't pay your property taxes in the mainlaind they sieze it and auction it off.

Yep. Complaining about Act 60 is fine, but there are so many worse problems that would make such a bigger difference. Act 60 is actually fine in the short term to bring money to the island. Long term it needs to go away.

Ye but that takes a couple months but these buildings are not developed so it's not much than sleeping outside

im puertorican and its the gov that allows that bc they dumb af... and all they think of is about money... and unless all puertorico stands up and makes a riot they wont do fking sht. americans keep coming and taking land and making the price high to just make money or save money on tax while fking up the ones who live here...

noting the average salary is 8.50 rn and 9 ish later on july so unless they make it like 15 an hour minimun salary we are fkd.. bc of this type of sht

The community isn't allowing this. We can't do anything to protect ourselves or our beloved Island. There's corruption everywhere, the government won't protect us.

This is a case where “eminent domain” could ostensibly be subverted to benefit locals and the continuity of local culture & self-determination. I’m for it. However, I’ve gotta caution & publicly predict that if the Commonwealth started taking properties (with good, valid, reasons or not), armed military contractors (or maybe even regular US marines) would soon be showing up 😢

They’re on line for bad bunny tickets

Have u seen pr neighborhoods in nyc? Flags and trash everywhere.

@@buk6708 NYC destroyed Puerto Ricans. The 80s was the height of crack/cocaine & it caught blacks and Puerto Ricans off guard.

For real… the ol’ it’s our fault again and again is tiring If you keep agreeing with the oppressor that it’s the oppressed’s fault then nothing will change I see your intentions but you need to approach it differently

Jennifer Lopez should buy downtown San Juan and revitalize the area. I think a guy did that for Downtown Las Vegas. I think he died during Covid. But the locals loved him

@@yanirisfigueroa8579it actually IS your fault. Nothing to do with “agreeing with the oppression”. The majority of Puerto Ricans moved out of Puerto Rico, the majority of Puerto Ricans continue to vote for statehood instead of independence so the US government along with these corrupt Puerto Rican politicians continues to take land in Puerto Rico. You allow the oppressors to do this to you.

@@thedarkplague1475 yikes

Wrong they are the problem as well and usually connected politicly too.

@@jerrychaparro4565 They are only investing because the current laws benefit them.

@@rafaelalbertotorres8070You're letting them off the hook. There's no gun to their head to specifically buy these buildings. There are a lot of ways to make money in this world, more and less ethical. Next you're gonna say parents selling their children into the sex trade and "just trying to make money".

@Christopher A. Not saying is ethical. Those people don't have any attachments. For them, it is just an easy gain of profit, which is the reason they buy and don't do anything to the property other than sit on it. Change the laws to benefit the people on the island, and many of those sales will stop.

@@rafaelalbertotorres8070 I agree. Okay, my misunderstanding.

They need government. Puerto Ricans can't even govern themselves

The government of Puerto Rico are the ones allowing it. The claim Puerto Ricans dont want to sell/clean up their abandoned homes in PR, however, these investors are doing the same AND making a profit by this buy and hold thing going on. WHAT DOES THE GOVERNMENT HAVE TO SAY ABOUT THAT… these investors buying and not repairing these derelics !!!!

Both parts are guilty

People keep forgetting this government's leadership are the vende patrias " wannabe" who can care less for their own people and history, the only thing they want is to make the island a State and replace the people here for blond white and rich people. That's not new, they've always been like that, that is their forever agenda.

They are guilty as well

What you missing is that a white man had the audacity to try to make a profit in a nonwhite country… we’re expected to instinctually hate him. Who cares if he’s done no harm? I suppose it’s progressive to tell rich white guys to go back where they came from to live with their own kind.

Exactly

What exactly could the local islanders do to stop or change such kind of activity like this?

@@lulukazhila6309Work, pool their money together and buy it themselves.

No. You do realize this happens in every country right?

Exactly. Throw them ALL out

@@Westcoastrocksduh Just because it happens elsewhere doesn't mean it has to be allowed in Puerto Rico.

@@user-of5wh8xf9k I find it funny that the people who believe “no one is illegal” hates others who move to their country. Sorry to break it to you cheese tits but there’s nothing wrong with money moving into your country. Woe to the conquered.

Many countries don't allow foreigners own properties. PR can pass similar laws

I’m sorry, what did the realtor do wrong in this situation? 😂 Put a sign up front on behalf of the sellers?