The Most Important Update You'll Hear Today About The Housing Crisis In America

Рет қаралды 221,092

Күн бұрын

Private Equity Firms just took a HUGE chunk out of the housing market in the United States. Cenk Uygur and Ana Kasparian discuss on The Young Turks. Help support our mission and get perks kzfaq.info...
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"KKR has completed its largest-ever purchase of apartment buildings, the latest in a string of big-ticket deals, signaling that some of the most prominent investment firms are betting on a broad rebound for multifamily housing."*
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240627__TB02PrivateEquityFirmBuys5200ApartmentsBP

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@PremSteve-yg4de 19 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 19 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 19 күн бұрын

Having an adviser is the smartest approach in today's market, especially for those nearing retirement. I personally gained over $270K, which highlighted that there's valuable insight the average individual may not be aware of.

@yolanderiche7476 19 күн бұрын

Recently, I have been exploring the possibility of consulting with advisors. As a mature individual, I am in need of guidance, but I am curious to know how truly impactful their services can be?

@edelineguillet2121 19 күн бұрын

Well, there are a few out there who know what they are doing. I tried a few in the past years, but I’ve been with Sharon Marissa Wolfe for the last five years or so, and her returns have been pretty much amazing.

@bernisejedeon5888 13 күн бұрын

Thanks for the advice. The search for your coach was simple. I investigated her well before using her services. Considering her résumé, she appears competent.

@markymark888 26 күн бұрын

Getting really sick of being squeezed from every single angle as an American. Health care, taxes, inflation, housing, stagnant salary... what is the end game? No one has money for anything? Then what?

@michelledelfrate1014 26 күн бұрын

Slavery! You ain't seen nothing yet!

@protoroc 26 күн бұрын

@@michelledelfrate1014worse than slavery. At least with slaves, you might consider your investments needs. Serfdom is even worse, you're not even an investment.

@bjhouse817 26 күн бұрын

@@protoroc Pretty much, from the horrific plans in project 2025 and the amount of idiots willing to vote for the convicted felon, we'll all be in chains or the country will go real Mad Max pretty quickly.

@doct1400 25 күн бұрын

The endgame is pretty much where we are. A handful rule the world and the rest of us are too busy keeping our heads above water to do anything.

@07Flash11MRC 25 күн бұрын

@@doct1400 "the rest of us are too busy keeping our heads above water to do anything": The only solution is to get together and do "something".

@frontdeskstaff9359 23 күн бұрын

Corporations should not be allowed to buy residential property.

@paulcolburn3855 23 күн бұрын

Why not? People can buy them. Corporations are just people. This is the USA. You can buy pretty much whatever you want for whatever reason. You want to make it criminal for a private equity firm (which is just a bunch of people) from buying real estate, then they will just buy everything up as individual investors. You don't want them to buy this, buy it FIRST and don't sell.

@felix0-014 23 күн бұрын

@@paulcolburn3855Corporations aren't people.

@TheOriginalHuckleberry 21 күн бұрын

@frontdeskstaff9359 residential needs to be all primary, otherwise destruction is inevitable.

@jfkst1 16 күн бұрын

Just ban foreigners- that automatically removes multinational corporations. And home ownership should be taxed progressively.

@Dxeus 26 күн бұрын

Homes should be places to live and raise families, not for speculation and gambling.

@cgyang 26 күн бұрын

Don't worry they are gambling with all of our money in the banks too. This is sarcasm, of course. Bottom line is no one should be able to buy politicians or legislation. It makes sense that taxes and regulation tend to benefit the richest people. And in some cases the rules don't even apply to them.

@07Flash11MRC 24 күн бұрын

Learn about commodification. That's what this is.

@user-dh3um6nd8s 26 күн бұрын

even if you sell your house at a price today, you can not buy a house for the same money.

@Adeus1 24 күн бұрын

Any candidate taking on these private equity firms and investors...I'm voting for.

@m-m-9000 26 күн бұрын

Wouldn’t it be wild if people found out that their retirement accounts were invested in the same companies that were buying up all the homes. Using your money to bet against you, it’s a win win for them and a lose lose for the people.

@bjhouse817 26 күн бұрын

@@m-m-9000 That's exactly what is happening.

@videoluvr4204 26 күн бұрын

i can't find a decent place to live and it makes it hard to sleep properly to be rested enough to show up to a job...people with adequate housing don't understand what it does to a person

@kcw1879 26 күн бұрын

In my neighborhood, in 2009 during the recession, companies bought up about 40% of the houses. And we live near a school. Now 40% of the houses are rentals, via a corporations. And the rent is OUTRAGIOUS. And the neighborhood is going down fast, at the corps don't do any lawn work or house maintenance that we can see.

@ViraL_FootprinT.ex.e 21 күн бұрын

Way too many if the same people being hurt by our system, which is working as designed by the way, will defend that same predatory & exploitive system to their death. People aren't "deprogramming" fast enough in my opinion. Even though we can see this trainwreck happening in real-time.

@micheleobrien64 26 күн бұрын

Im in california, my niece and nefew moved in with us 2 years ago. Thier landlords declared it needed " repairs and up grades" after completetion thier rent will double. They had to vacate for these repairs. Umm. It didnt need repairs. Its a way to triple and double rents. WTF!

@Nyx0npaws 26 күн бұрын

My family is living that hell. I am heartbroken for my kids

@Cottoncandyh 21 күн бұрын

The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that or generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement.

@TheDayTheDay312 21 күн бұрын

I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.

@JesseMayhill 21 күн бұрын

I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too

@Bunnydrille 21 күн бұрын

I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

@JesseMayhill 21 күн бұрын

'Melissa Elise Robinson' is the licensed advisor I use. Just research the name. You’d find necessary details to work with to set up an appointment.

@Bunnydrille 21 күн бұрын

Thanks for sharing. I curiously searched for her full name and her website popped up immediately. I looked through her credentials and did my due diligence before contacting her.

@King_Dusty_Of_Pookytopia 26 күн бұрын

We are not suffering from "inflation". We are suffering from price gauging.

@personnumber42 24 күн бұрын

It’s both.

@hue95 20 күн бұрын

@@King_Dusty_Of_Pookytopia market rate is market rate. For example if an employee can achieve 25% more salary because of the market is that price gauging?

@shraunbone 21 күн бұрын

Institutions should be band from buying single family homes.

@snow-uq4gx 26 күн бұрын

Should be illegal for corporations to buy homes

@darex0827 26 күн бұрын

Know many people that can afford to build a 35 story, 720 unit building?

@jimbob3030 26 күн бұрын

@@darex0827 He didn't say build we are talking about buying and gobbling up the market to near monopoly on housing by just a few corporations. We are also not just talking about large multi family units we are also talking about them buying up existing single family homes in great numbers that used to exist on the market and that people could afford but that are now gobbled up with none left affordable. Between corporations and flippers and investors from outside of the country there are no entry level fixer homes left in major markets. It took me a full year to find one in the same state as me in 2020 and I had to move 6 hours away to live there, there was nothing in the affordable fixer category in the major metropolitan area I lived in or even remotely close.

@07Flash11MRC 25 күн бұрын

@@darex0827 @darex: What are you even trying to say here? The answer to your question doesn't even matter, because it's all about your private anecdotes.

@Ravi-rl8tt 26 күн бұрын

You will own nothing and you will be happy.

@BTurnMobMarine2 26 күн бұрын

That is exactly it. They told us their intentions & now we're witnessing it in full effect unable to do a goddamn thing about it

@Ravi-rl8tt 26 күн бұрын

@@BTurnMobMarine2 Could’ve voted out the establishment candidates on both sides.

@AnthonySopran0 25 күн бұрын

@@Ravi-rl8ttThen you run for office lmao. Y'all can get involved in politics locally.

@Ravi-rl8tt 25 күн бұрын

@@AnthonySopran0 I’m good

@mcpunchins 26 күн бұрын

Hey but don't worry my fellow Millennials, if we just take their advice and we just work harder and longer we will eventually be able to put ourselves hundreds of thousands of dollars in debt and "buy" a home.

@mnn1265 26 күн бұрын

But by the time you save enough to actually afford one, in middle age, there won't be any available because the corporations will own most of them by then.

@yolopistolo194 26 күн бұрын

Guys don't worry, just vote red or blue. Things will change for you!

@hue95 20 күн бұрын

@@mcpunchins think positive

@CanadianSmoke 26 күн бұрын

A government of the corporations, by the corporations, for the corporations will eventually crush the will of the people under the treadmills of debt.

@ViraL_FootprinT.ex.e 21 күн бұрын

No lies detected.

@ronlugbill1400 26 күн бұрын

We are all living in Pottersville. The alternate hellish reality from the movie, "It's a Wonderful Life" where the rich grumpy old man owns everything in town. Welcome to Hell.

@noel7777noel 25 күн бұрын

I was thinking the ton (cult) in the Netflix series Bridgerton. The (ton) people who have no job. The bloodline right to mailbox money. But this cult tells themselves they are the best.

@CanadianSmoke 26 күн бұрын

It is a sad statement of a country where the corporations are healthier and better protected than the average American worker.

@zerotheliger 26 күн бұрын

theres more of us than them yet nobody wants to kick things off already and get the ball rolling. the ones who make the laws protecting corpos are the ones who wana keep us oppressed.

@sedonars1 26 күн бұрын

OF COURSE! Since poverty has been criminalized; and criminals have been privatized; we now have proven beyond ANY doubt, that CRIME PAYS!

@mbnesbitt 25 күн бұрын

Start early with diversified investments in stocks, bonds, and real estate. Maximize contributions to tax-advantaged accounts like 401(k)s and IRAs. Regularly review and adjust your strategy to ensure security....

@hamzahamza-bz3rf 25 күн бұрын

People dont understand that the prices of things are never going back down. This inflation is deeper than we think. Those buying groceries are well aware that the real inflation is much over 10%. The increments dont match our income, yet certain investors still earn over $365,000 in stocks and assets. Wish I could accomplish that.

@ufuksenol2005 25 күн бұрын

Very possible! especially at this moment. Profits can be made in many different ways, but such intricate transactions should only be handled by seasoned market professionals.

@PineHosting 25 күн бұрын

Some persons think inves'tin is all about buying stocks; I think going into the stock market without a good experience is a big risk, that's why I'm lucky to have seen someone like mr Brian C Nelson.

@BigNate82 25 күн бұрын

Finding yourself a good broker is as same as finding a good wife, which you go less stress, you get just enough with so much little effort at things

@icucmerc 25 күн бұрын

Brian demonstrates an excellent understanding of market trends, making well informed decisions that leads to consistent profit

@almajennygudmundsdottir7601 21 күн бұрын

Homes should never bee an investment for companies.

@lesleymcconnell4686 26 күн бұрын

And they're also buying up big senior mobile parks like my mum's, which resulted in some leaving, some dying from the stress, exorbitant utility fees, and massive increases to ground rent which caused some to lose their home as it was repossessed by the owners. These are mostly very elderly and disabled people being thrown out of their homes. This creates more wealth for the owners/funds while destroying the senior parks and turning them into family parks they can charge more for. Criminal.

@joshbanks9261 26 күн бұрын

Yep because the owner of the mobile home doesn't own the land that they're living on so privite equity can buy up the property. You don't need a visa just a passport to leave the country. Been living overseas for twenty years now its been an amazing time now live in Vietnam travel all around South East Asia.

@judyluvrevolution6314 26 күн бұрын

wow that only means higher rent rates for everyone this is disgusting while the minimum wage is a slavery wage $7.25 the numbers don't add up

@sillyhead5 26 күн бұрын

What we need to do is build a ton of housing, particularly dense multifamily housing, in places with housing shortages. Forcing landlords to compete with each other for tenants is how you bring rents down in a sustainable way.

@dallasdandigitalproduction393 26 күн бұрын

Where you gonna get the loans to build from? A private equity investor? They either WONT lend you anything,or they will buy your property down the line. These companies that buy the properties own banks . That's why we need government regulations on them.

@chiidora 26 күн бұрын

All the houses going up are strictly for rent or going for 1.5m. There are no new affordable houses because their is no incentive. The government could but won't do it due to lobbyists paying them not to.

@sillyhead5 26 күн бұрын

@@dallasdandigitalproduction393 Real estate developers tend to get their construction loans from banks and from private debt funds. Bank debt tends to be cheaper, but lower leverage. And with enough properties being built, all landlords (private equity or otherwise) will be forced to lower rents to attract tenants which is what we want.

@stevenaguilar803 26 күн бұрын

I thought I was a conspiracy theorist for saying that the rich man is buying all the homes you will own nothing and be happy

@Rucarlos 26 күн бұрын

Is there any government in the world paying attention to what private equity is doing to housing? It should be illegal to buy residential housing as investments by a group or someone who won't actually live there.

@heatherbeth4249 26 күн бұрын

Of course they are. It’s all by design. It’s part of what their plan is.

@turkizno 26 күн бұрын

@@heatherbeth4249 sadly true. Guess why Biden is not going for ceasefire for instance? Because Blackrock is behind him. Trump has Blackstone supporting him. Both of the candidates are just big companies messing up things. Guess where else Blackrock went to for this year? the G7 summit, with the other rich folks.

@FreedomAintFree-ol6fy 23 күн бұрын

IF ONLY THERE WAS A CANDIDATE RUNNING ON FIXING THIS...

@joncruz92 23 күн бұрын

LOL but… but… “BrAiN WoRm” 🥴🥴🥴

@Martinmr07 22 күн бұрын

This country is going down hill. I am saving my money and getting the Fck out of here. No way in hell will I keep paying taxes and not see any benefits. It breaks my heart that our country is being destroyed by our own incompetent government….

@MissRed92837 22 күн бұрын

You are one of the few Americans who realized what the issue is. The US government has never given back to the Americans. It was slaves building streets, train tracks, buildings, ect. Since slavery is illegal in the US, the US government has never maintained or updated infrastructure. In most European countries the government gives back much more like free healthcare, maintained and updated infrastructure, a decent level of education at schools plus college and universities for free, and much more. I made the mistake and moved to the US a few years ago. I’m now moving back to Europe and back to civilization. 😉

@hue95 20 күн бұрын

@@Martinmr07 which country?

@hellcatriot2798 22 күн бұрын

My hometown is a ghetto now because after the housing crisis, the city sold bundles of thousands of foreclosed homes to these kinds of groups. You can drive through town and easily spot the rental homes because they are trashed and some have 10 to 12 people living there. I own a rental house. It was my parents house and I mow the grass, till the garden for the elderly tenant that I have. They keep the place clean and I rent it for less than the going rate. It’s a win, win situation. I’m not saying all landlords need to be hands on but the corporate greed properties are not kept up at all. It’s money over humanity. Some people suck. Choose not to be someone who sucks.

@chiidora 26 күн бұрын

Most infuriating thing people dont realize is corporations buying hime near you WILL effect you. You bought your home in 2002 for 60k. Your property taxes are about 2k a year. However if the LLC buys your neighbors home for 300k guess what your property will be reassed to a similar value meaning you will need to pay property taxes on a 250-300k home meaning you now could have to pay 6k yearly so from about $160 a month to $500 a month. Wait til you retire that could be almost half your social security.

@brahmaistrash.indiaisatoil5292 26 күн бұрын

It already happened in NC. We paid way more in 2023

@protoroc 26 күн бұрын

Commenters just laughed when I tried to bring this up as a downside to property values increasing.

@shanerogers9386 25 күн бұрын

How much can an investor rent a pile of ashes for ?

@maryparis576 21 күн бұрын

The billionaire class wants us to be indentured

@joshuasheffield7334 26 күн бұрын

This needs to be talked about all the time!

@ez3701 22 күн бұрын

The American dream used to be move from renter to home owner. Now it is move from homeless to renter. What's next? Starving to homeless? 🤪

@charlesgair8608 22 күн бұрын

No.Living In Your VEHICLE Will Be Next.

@johnnyrobinson8168 21 күн бұрын

I lived in a neighborhood whose HOA destroyed these Wall Street investors by creating a rule that evey house Wall Street investors bought could not be rented! Another near by HOA made a rule that all houses had to be lived in for 2 years before they could be rented! With that being said, neighborhoods with existing HOA's could make rules to stop these practices but many of them are fine with it because it increases the home prices to ridiculous amounts which allow them to sale their homes for overpriced amounts!

@michealmorrow1481 26 күн бұрын

When rich people make laws...

@LivN25 25 күн бұрын

I was recently at a town hall in my state of Oregon and senator Merkeley seems to be the only politicians I’ve heard even discuss this and is proposing a bill to end this corruption.

@danmcgilldm 20 күн бұрын

Middle class being ate up by necessities.

@marycasanova8516 26 күн бұрын

Its no wonder young people are choosing nit to have children

@willardchi2571 26 күн бұрын

I swear, if they could buy up all the food and rent that to us, they'd do it, too.

@wantsome-zs5sq 26 күн бұрын

They'd sell us the air we breath if they could

@kortyEdna825 19 күн бұрын

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

@Justinmeyer1000 19 күн бұрын

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

@carssimplified2195 19 күн бұрын

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

@PatrickFitzgerald-cx6io 19 күн бұрын

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

@carssimplified2195 19 күн бұрын

Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

@PatrickFitzgerald-cx6io 19 күн бұрын

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

@2013wearestillhere 19 күн бұрын

We need a real multiparty system. Stop excluding third party candidates, including from the debates.

@danthsmith 26 күн бұрын

Who would live in America? No healthcare system, massive corruption in government etc. We're just about to kick our conservative government out here in the UK

@mopes2713 26 күн бұрын

America is much better than the third world countries of Latin America. But a country like Canada is definitely more ideal than the US, economically.

@turkizno 26 күн бұрын

@@mopes2713 there is a real problem there though - if people living in America are annoyed about the housing situation, it is time to check in with Canada, they are doing WORSE

@WillieFungo 25 күн бұрын

@@danthsmith As a Brit, you need to worry about your own problems. the u.k. is basically a third world country stapled to London. Your salaries are half the u.s. despite a similar cost of living, and your healthcare system is a disaster.

@WillieFungo 25 күн бұрын

@@mopes2713 Have you spoken to any actual Canadians about this or are you just assuming?

@danthsmith 25 күн бұрын

@@WillieFungo at least we have a healthcare system. I had free, prompt and successful cancer treatment last year all Thanks to our postwar socialist government. We are about to kick out our Conservative government that’s been in power for 14 years. Also I won’t get shot by some random when I go shopping or to the cinema. I could go on but I prefer civilisation

@tonjamarshall4842 20 күн бұрын

With the homeless crisis,this needs to made illegal.

@cic6002 26 күн бұрын

Yeah, we younger millennials are screwed. We cannot afford to move out of our parents house. It’s a shame.

@TRIPONTHIS 26 күн бұрын

America was great when corperations had to work to please the public and not the investors.

@coryluke12 25 күн бұрын

Wrong.

@Abby-hi4sf 26 күн бұрын

Thank you for addressing the issue that our corporates media is not touching

@funkyflights 23 күн бұрын

America is falling fast

@Lenin-cq9ol 26 күн бұрын

That’s why (maybe) everything in America shouldn’t be for sale to everyone.

@mymonitor1348 20 күн бұрын

Now it makes sense why they want to force people to have kids. They need tenants for their buildings.

@TheRumblewagon 26 күн бұрын

Of course Congress isn't trying to do anything about private equity purchasing housing, hospitals, etc. Congress is likely being paid by those firms and/or even invested in them.

@LostRussianLove 26 күн бұрын

Corporate pac money.

@mkona 26 күн бұрын

Agree

@roostercogburn7243 26 күн бұрын

Cool it with the antisemitism guys.

@MakeWay4CJ 23 күн бұрын

Why would any politician, regardless of political party, work to resolve the Real estate investment company invasion when their very own stock portfolios probably contain the same REITs that are doing this to us in the 1st place?

@markm3477 23 күн бұрын

Probably? Ha! They absolutely OWN REITS!

@matthewjohnson1643 21 күн бұрын

They don’t build starter homes anymore.

@lizh6578 26 күн бұрын

Something similar happened to African Americans. Slum lords collected rent but did nothing to maintain the building. Years later people who flew from these once-nice neighborhoods came back and blamed the inhabitants who currently lived there. Want to see the future of America, look at some pictures of these slums, then fight hard to stop it from happening.

@violagentsch 19 күн бұрын

Politicians don't protect us? I'm shocked. Not

@Themanwiththeplan359 18 күн бұрын

Exactly. For almost 100 years (since "the great depression"), state assemblys have passed unconstitutional tax sale statutes. That injured more people than anything.

@organizstylist7732 26 күн бұрын

I just purchased a condo in Chicago after literally running to look at every apt on the first day it was listed. They are literally buying every single apt and jacking the rent up to ridiculous high levels.

@BorlandC452 23 күн бұрын

Forcing them to sell off a percentage of what they bought is not the solution. They should not be allowed to purchase it to begin with.

@jasons1148 26 күн бұрын

You will never own a house , and soon you won't be able to afford the rent they want .

@newyorktechworld6492 26 күн бұрын

Vehicle life the new norm? 🚐🚘🚙🚗

@jimbob3030 26 күн бұрын

@@newyorktechworld6492 Many cities and states already have made homelessness illegal, or are working on doing so.

@bobloblaw420 24 күн бұрын

late stage capitalism

@personnumber42 24 күн бұрын

Yessir 🎉

@wingsofmae 26 күн бұрын

Republicans have you thinking the biggest thing to be afraid of is the lgbtq community and immigrants. Meanwhile the American dream is becoming unattainable because of big corporations.

@GregLakatosChradm 26 күн бұрын

No one is afraid of the alphabet people. LOL!!!! Where do you people get this nonsense? Of course illegals are a threat, we don't have enough unskilled jobs to support them, never mind the crime that they have brought with them. Do you pay attention AT ALL? Just because you can't make it doesn't mean everyone is like you.

@jemewilliams2181 26 күн бұрын

😂😮😢🎉

@mdavis3262 25 күн бұрын

At this rate the country is going to end up in all out war. When people can no longer afford food or shelter, there is nothing to lose.

@DavidK-on3nr 26 күн бұрын

The apt complex I live in was purchased by a multi state corporate management firm, my rent has gone up over 65% since 2021...

@hue95 20 күн бұрын

@@DavidK-on3nr Total money supply in the usa increased by 40% in that same time period

@DavidK-on3nr 20 күн бұрын

@@hue95 Thanks, now I feel better...

@MylesDavid 26 күн бұрын

This should be one of the largest issues our government should be immediately stopping from happening!!

@Wikimedian 26 күн бұрын

Why?

@mkona 26 күн бұрын

Largest issue

@chiidora 26 күн бұрын

Lobbyists pay more than Americans. Everyone knows the issue is high rents due to greed preventing people from saving up for homeownership. Lack of affordable housing due to companies/LLCS buying up starter homes to flip/rent able to pay full cash and over asking. Stagnant wages forcing people to renting. If your pay is only 2-3k and you have to rent, eat, pay utilities along with transportation and possibly student loans. By the time you have a down payment for that starter home the goalpost will be moved so far it won't matter. You end up trapped paying the 1.6k rent missing the opportunity to have $800 mortgage meanwhile the older generations with paid off 40k homes and $200 mortgages from 1992 tell you to just work harder or some bs

@Wikimedian 26 күн бұрын

@@chiidora What makes you think that private equity owning homes will result in higher rents? It's not obvious at all that that would be the case.

@chiidora 26 күн бұрын

@@Wikimedian they want a profit. If they lose money on an investment they write it off on their taxes. They will charge more than what's required to cover any costs because they can. Rent is a scam. My mortgage can be $850(including escrow) but I can rent out my home for $2500 as it's a 2br. Each Tenant would have to pay $1250 which is doable. I could also rent out the basement for an extra $600. Essentially I can make 3x what's required if money was my sole objective. Furnace and water heater have 10 year warranty and typically things don't just happen to well maintained homes that wouldn't be covered by insurance, warranties or couldn't be fixed after watching a KZfaq video.

@calvinhosworld 26 күн бұрын

When they say economy they are only measuring rich people's money. Corporations and rich people of course are doing well. Literally everyone else is suffering.

@protoroc 26 күн бұрын

"Small business owners" are doing fantastic, buying new 80k F250s all over the place.

@frozenheart7133 26 күн бұрын

I was joking to my sister that capitalism will always take 100% no matter how much you make. The Jerome Powell said that they want our savings depleted before they resolve inflation... Apparently it wasn't a joke.

@ab120678 21 күн бұрын

The problem with going out and trying to vote for Robert Kennedy is that America is not a 3 party system. You can’t just get an independent President. We need Independent State and Federal representatives. Then those bills that support the people will get put on the floor and voted on. Stop thinking that the President is the ONLY solution. Imagine if we had 1/3 of congress as independent.

@AlluminaOnyxia 21 күн бұрын

We can definitely vote for anyone on the ballot, and write-in whoever where there is the write-in option. The voting system has been heavily influenced by 2 parties interests for a long time. That's because the voting US citizens have been going along with that for a long time. That doesn't mean it can't be challenged or changed in this election cycle. There are third party and independent candidates who are doing the work to get on ballots. It's disrespectful to their efforts to act like that isn't worth our votes.

@Frankweily 15 күн бұрын

Great video! For 2024, it’s hard to nail down specific predictions for the housing market 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.

@Brightenedrim 15 күн бұрын

A lot of folks have been going on about a market rally and said that stocks would be experiencing significant growth this period 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?

@ThomAlexanderGmaan 15 күн бұрын

I took charge of my portfolio but faced losses in 2022. Realizing the need for a change, I sought advice from a fiduciary advisor. Through restructuring and diversification with dividend stocks, ETFs, Mutual funds, and REITs, my $1.2M portfolio surged, yielding an annualized gain of 28%.

@Madridstrat 15 күн бұрын

I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?

@ThomAlexanderGmaan 15 күн бұрын

Melissa Elise Robinson 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.

@Madridstrat 15 күн бұрын

I find this informative, curiously explored Melissa on the web, spotted her consulting page, and was able to schedule a call session with her, she shows quite a great deal of expertise from her resume.. very much appreciated

@peterwa6567 22 күн бұрын

The areas I live , 10 years ago 1 bedrooms rent was 1000 dollars , now is 2100 to 2500 dollars 100% increased and many people can’t afforded any more.

@user-kg1rm7ro1s 22 күн бұрын

@@Jonathan-yr3soif America really cares about it's citizens it would try to fight inflation not keep making it worse.

@billhammer9241 22 күн бұрын

You and I both know what side most of the voters there vote on. And if I tell you that rents in my area start at 600 dollars a month, you know exactly what side my area votes on. Twist the truth any way you want, but at the end of the day, you have to live with the results.

@user-kg1rm7ro1s 22 күн бұрын

@@billhammer9241 you really think the politicians you voted for work for you?? Lol

@CanadianSmoke 26 күн бұрын

Cenk, you said it a decade ago, "Get money out of politics!"

@cyphi1 21 күн бұрын

the government should be using our tax money to build new homes and guarantee affordable houses for people not corporations.

@autididactictrading 21 күн бұрын

try china that's what they do do losser what the government needs to do is get rid of communist democrats that created the problem developers are in a rock and hard place they cant get cheep loans or materials because a retard in president and they knew this because they want you the one cheer for their care to be 100% dependent so you obey move to china

@michaelandrews4783 19 күн бұрын

@@autididactictrading No chinese people invest primarily in apartments because they don't have access to shares and other investments easily, the government does not buy all the housing, it's a private market.

@autididactictrading 17 күн бұрын

@@michaelandrews4783 as usual that another lie from another retard following the retards You how much of china housing market is privite owned Copilot Using the web In China, there is no private ownership of land. Instead, individuals can obtain rights to use land. Typically, a land lease of up to 70 years is granted for residential purposes. Foreigners who have worked or studied in China for at least a year are allowed to buy a home1. While private ownership of housing is widespread and accounts for about 25% of China’s GDP, it’s essential to understand that land ownership remains under state control2. 🏠🇨🇳

@Tempo_Gigante 22 күн бұрын

My local Nissan dealership triple my oil change service and now it takes almost 3 hours to do, because it got bought by a private equity. Keep in mind oil change takes no more than 10-15 minutes, but those guys go over my car top to bottom to find something to up-sell me.

@frankiejean6517 26 күн бұрын

Sorry. I have to put listening to this on hold. I can’t take anymore bad news right now.

@jonathanrossroberts 25 күн бұрын

Private equity came in a bought a ton of houses in Columbus, IN. The rent around here used to be $500-1000(1k being the nice houses). Now its $800+ minimum. Ive seen studios for $1500. I get contacted every week about selling my house. Bought it for $67.5k about 7 years ago. About to just put it up for $500k and call it a day.

@1llustrousking 25 күн бұрын

Dont

@shanerogers9386 25 күн бұрын

Are they all fireproof?

@berkan. 25 күн бұрын

And where will you go with your rapidly depreciating $500k? Serious question.

@jonathanrossroberts 25 күн бұрын

@berkan. You can still buy property for a decent price around here. It's just me and my dog so I don't need much room. Build a house.

@mariacarmody1191 20 күн бұрын

These large corporations are also being subsidized by the state and federal programs such as Section 8. They also get tax incentives.

@user-ds9uk3bm2r 25 күн бұрын

When the government let private equity firms buying residential property 😂game over.

@RobJohn80 25 күн бұрын

What do you mean by let, there is no law preventing private equity ownership of homes.

@dayofthejackyl 25 күн бұрын

@@RobJohn80 well there should be.

@FreePleb 25 күн бұрын

Remove the extreme court, no kings, no neo feudalism, and justices for all.

@shakeemdiggz2354 26 күн бұрын

That's one of the reasons now, with these corporations and banks buying up property/apartments and homes and making it harder, for people to get or maintain

@o2boutdoors 24 күн бұрын

Feudalism & serfdom, here we come! Just waiting for the supreme court decision affirming that indentured servitude is simply an employment contract.

@ThePetit1989 23 күн бұрын

Maybe Americans should vote for the independent candidates, if they want to break this cycle.

@daveharrison84 23 күн бұрын

we need ranked choice voting to make independent candidates possible

@27pamelawatts 21 күн бұрын

How does anybody have that much money to blow we cant even afford bread 😢

@intricatic 26 күн бұрын

We need to fully decommodify housing. Whenever people talk about a home being a device to build wealth, they are part of the problem.

@Hogie336 26 күн бұрын

Private equity purchases of housing has destroyed ireland. Young people leaving in droves. Sad to see

@DragonGoddess18 26 күн бұрын

The price tags are very high and there's a plethora of homeless people without customers, how will they get revenue?

@TomHasalongdong 24 күн бұрын

This is end stage capitalism people. It was always meant to be this way! This is what you get when you vote for a party that does both but support the Rich !

@thekingsdaughter7888 20 күн бұрын

Almost all of my junk mail and spam calls are from investors tryig to purchase my home. I dont even speak with them or listen to their low ball offers. It should be againt the law.

@thekingsdaughter7888 20 күн бұрын

Rememer Klous said "You will own nothing and be happy."

@csuporj 19 күн бұрын

Investors is "we the people". That is they are pension funds that ordinary people give their money to.

@patrickday4206 24 күн бұрын

All we need to do is base property taxes based on the amount of properly you own more property higher percentage of taxes use excess to ofset property taxes for the poor .

@dannysolid 19 күн бұрын

Foreigners launder money by buying up all these properties at highest values possible.... to launder even more out per property. Local tax offices dont mind, and this makes the cost of the houses all around jump.

@natfoote4967 25 күн бұрын

The United States now effectively has two separate economies; the Investor Class economy and the Working Class economy. The first one is booming. The second one is tanking. This means politicians can talk out of both sides of their mouth. "It was the best of times. It was the worst of times."

@PepperGuru 19 күн бұрын

So now just say the name of the only candidate speaking on this issue. RFK

@user-dh3um6nd8s 26 күн бұрын

the dollar value is not keeping up with the housing prices

@robertsmith4150 23 күн бұрын

Congress probably has stock on this topic. So why would they do anything to prevent this outcome of trashing the American dream with realistate, rental or ownership.

@markm3477 23 күн бұрын

Probably? Absolutely they do! And they bought into that market WELL BEFORE IT EXPLODED. in fact, when they flood the country with "migrants", they subsidize them with section 8 vouchers paid for by the taxpayers and then THEY THEMSELVES collect the rental income!!!!!!

@markduykers6603 26 күн бұрын

This would make a great board game: you could have squares representing different properties, like Marvin Gardens and Boardwalk, and the object of the game could be to acquire as many whole blocks of real estate as possible in order to maximize the rent you take in! Then you could build houses or hotels on the properties to jack the rent up even more! Man, I’m gonna get rich off of this idea!

@bradm6287 21 күн бұрын

As a Canadian, we play in the professional league of inflated real estate prices I am afraid you will discover that it isn't the private equity firms. It is the retail investors. There are millions of homeowners that have leveraged their equity from their homes that they traded for 2 cucumbers 10-30 years ago into multiple properties. We tried blaming the big baddies too, but are discovering it is just regular people who were "born earlier" who are the real culprits. Also, trying to lower property prices will not be popular. Biden going after real estate prices will not get him elected. Too many older people (the voters that show up) are heavily reliant on using their home as a retirement vehicle. I am afraid that we will need to wait a couple of generations before a real fix can be implemented. We need to wait for the current boomers to squander their wealth on retirement and NOT pass it to their kids. Then we will need to wait for the next generation to do the same. Once barely anybody can afford a house and isn't living off generational wealth, there will be enough people that will vote to decomodify. That is one of the main reason that people are going after immigration right now (the non-racist ones at least), supply and demand. The government is trying to saturate the population with people that are "OK" with the current housing situation and are willing to go all-in with multi-generational living. It is all part of the neolib agenda. They are doing the same with the job market. We are literally solving a flatlining population growth, with a bandaid, instead of actually addressing the reasons people arent having kids. Housing and wages. It is circular.

@DimaRakesah 21 күн бұрын

It can be both. I think here in the US when so much focus is on making money on housing it is inevitable everyone will be trying to get rich off of it. Individuals and companies.

@bradm6287 21 күн бұрын

@@DimaRakesah True, just trying to get you to the finish line sooner. I know that equity firms seem to play a larger role than in Canada, but it is the mom and pop investors that will be the real roadblock. Addressing that will be the real battle, especially in America since you guys capitalism at a much higher degree than here in Canada

@YTSparty 26 күн бұрын

It can be done locally. Jack up taxes on rental properties. In my state there is a small penalty for owning a 2nd home, i.e. not your primary home. But there's no penalty for renting. It's very lucrative. So it's not just big investnment firms. It's people with extra cash who buy up inexpensive realty, and charge 2X what the mortgage would normally be for the property. 1/2 the properties in my city are rentals. Many owned by average schmucks with a lot of extra cash. And they pay barely more in taxes than the resident next to them that own their home.

@williamrogers1219 26 күн бұрын

Here in SC single-family rentals pay much higher property taxes than primary residences.

@Questfinder1 21 күн бұрын

These investors are going to be jumping from these buildings when the housing market crashes again. This crash is going to be worse then 2008.

@cellardoor2197 21 күн бұрын

Do you ever think did they like the idea that you think there's going to be a crash. And you stay out of the market and prices level off and stop Rising as fast as they were to give them a chance to buy even more?

@user-it5zt5vw8f 25 күн бұрын

Also as a renter i got mold ,lost savings everything ect and couldnt find attorney to sue..they make it so you cant sue them

@T.C.-st8uz 25 күн бұрын

For me, equity firms buying up housing and citizens united are the two most destructive things in the USA

@AnthonyMcqueen1987 25 күн бұрын

Private equity owns our government hence why nothing ever changes.

@juliettejamour5484 26 күн бұрын

Housing issue is HUGE - Private Equity/Hedge Funds buying up everything - it's a disgrace. Where oh WHERE are our policy-makers on this? NO WHERE TO BE FOUND, they do not care, then they wonder why homelessness is raging, seniors losing mobile homes they actually own but rented the lot the mobile home sits on, apartment dwellers cannot afford the PEequity rental increases, and believe me these firms raise rents asap once they make the buy - this is sick stuff!

@croaker4747 26 күн бұрын

Oh haven’t you heard? The border is the most important issue in the U.S. This is what happens when stupid people run the country.