It's already happening. These idiots don't realize tenants can easily not pay and the fact that the landlord lives thousands of miles away means it'll be difficult to collect.

They don't care, they're in it for the future property value. Tear down the old and build new.

@@dlight9849 Yep. It's the long game. They WANT these neighborhoods to die and for WalMart or whoever to come sniffing around. It happened to the neighborhood i was born in. Now it's a theme park.

Don’t pay?? Cleveland been not paying rent.. do you not see the condition of the properties 😂🤣

@@bubbasanches4591 As someone that owns 2 out of state properties I can assure you we know what to do when someone stops paying rent. That’s why we invest in red states. It’s extremely easy to evict.

Out other countries don't do that

Props! Thats where I'm at

It’s insane to hear people complain about prices in the Midwest. My wife and I have a household income in the 6 figures but we can’t afford a shoebox in the ghetto.

Agreed!!! To be honest it's the school system to blame for not teaching students how money works and investing. The system is built to keep people poor and working. Investors (as myself) don't have to work after several yrs of hard work and investing

@@micon9460 nah, our parents then the school system

Good for you

So did silicone valley with their shopping bags of cash. Priced most out of their homes.

That's not how it started. Tech made people a lot of money so they bid up housing prices

All good they can enjoy their investments tank

I'm going to disagree - in SF you have houses where skyscraper condo buildings should be (according to land values). The city will not let builders build more housing (buy up demolish houses and put in large multi-family buildings). Most of San Francisco should look like Manhattan or Miami Beach (today) according to the land value. There is also unnecessary red-tape and building codes around everything. And the bay area is surrounded by national parks that could be used to build more. The people that live in SF have a NIMBY attitude toward building more housing and economic progress. Ohio - we don't have this problem we have urban decay from manufacturing decline and to a lessor extent suburbanization segregation/racism. Completely different markets with different problems. California also has to deal with earthquakes/wildfires/and sinkholes (from bad foundation or landfill) and some mountains (which are largely unbuildable). Cleveland had 900,000 people in 1950's-1960's - now we are at 350,000ish...

Unfortunately sellers can not choose who to sell to and even if they could they could have "acters" who buy as for example a couple then flip the house over to investers. I've had 2 on my street here in Columbus came in and told us they were planning to move in to the houses after they fixed them up, both lied one is a rental the other was flipped bought for $69,000 sold for $200,000.00 to thankfully a young lady who did in fact move in to it. Anna In Ohio

No but people as a collective can. Rent Control, Supply Mandates, hell, throw in rent quotas, or make all rents income based so no one has to risk losing their home. Its easy, really. If you can't afford, and profit to provide affordable housing, you shouldn't be a landlord period. Coming from a person who has a family history of dealing with tenants. It should be our priority to keep people in homes when we can during hard, inflationary times.

ok parasite

@@rabidgoon well that was mean

Actually, the real issue is unrealized cap gains tax credit rollovers. It creates a perpetual machine of gobbling up property to rent out that costs them a lot less than you think.

They know but the mainstream media are in on this bullshit as well..

The US govt has promoted this by keeping the fed rate at 0% for over a decade - institutional investors were able to borrow at the 0% - basically never having to pay back the borrowed money because it never accrues any interest.

It’s good that they leave and I’m going to tell you the reason why in case you don’t know. Being the greedy snake you people are you reel people in during the pandemic with low rent prices knowing it would attract people like a moth to a flame then once too trusting tenants moved in and get settled (that includes me to) you raise the rent small at first then the second or third renewal of the lease you go up $200, $300, $400, $500, etc and people can’t afford it because their wages can’t keep up with a big price hike like that then to make matters worse you greedy snakes use the it’s a inflation excuse as if the inflation is only affecting you but it’s okay. I am a firm believer that somebody is keeping score and I can promise you will get yours in the end.

It's exactly what corporations do to all of America..

Why? If they can provide housing to locals? Why do you care who owns as long as your housing needs met? Are you buying if a local?

well, for this particular neighborhood the investor are not maintaining them either. The people might as well have a roof over their head.

No, the people may as well live in housing where plumbing and structure are in good shape. Homeowners, even poor ones don't usually allow this type of decay to happen

@@kgill8485 I would agree, the problem is that based on the houses being shown on the video, this is not the case. Many of these houses are left to rot.

Please, do tell. Someone has to spread the word.

What are the reasons? I am a landlord in another part of the country, but take very good care of my properties.

The answer without getting into details on the issue, which you can research yourself & easily accessible in this world of information today. However, the simple answer stems from a quote from Nikita Khrushchev of Russia in 1956 who stated a message heard around the world. Where the leadership of some countries took the message to heart & taken it a pond themselves to use this message for their own will to power over the U.S. The statement Nikita quoted was, "We will take America without even firing a shot. We do not have to invade the U.S. We will destroy you from within..." Which IDK for sure but if I'm right, is why SpeckledBird is being reluctant to express or even bother to explain his theory, but I could be wrong? Still it's the belief I hold on part of this problem we are seeing now. A lot of people today are so naive to think it could never happen to us here in the U.S. & that's BS! Cause it can & will if everyone doesn't get their head out of their azz & wake the f%(k up? People are even naive on the idea of everyone's WOKE today even though this idea couldn't be further from the truth, seriously. Anyways in a nutshell outside investors (which includes China, Russia, Middle East, etc...) are buying up the land & property in the U.S. that forms an offensive action to cripple this nation & it's citizens. Hence: "Without Ever Firing A Bullet." Ya dig?

@@216Numbskull That's a safe way of putting it...BlackRock...stay way clear of them... 🤺🤺🤺🤺🤺🤺🤺🤺

It’s us investors that are sitting on cash. Nobody will benefit more from a crash than investors.

If the locals can't afford a $175 rent hike which locals are you speaking of? Investors with long money should invest in the development of starter homes, safer and needed much more than speculative purchases better left for civic-minded locals that are able to rehab the older homes for community investing.

Well, it's been a year now...

No, because for them to take advantage of that, they would need to sell. Even if they sold, they can't afford a better home because for this same reason, prices for better home increased as well.

@@colombiantom They buy the properties for tax write offs. Of course they benefit. Why else would they do it?!

@@truther001 Only 13% benefit from this, the investors, not the common folk

175 raise in rent

Increase

They can't though cause the increases due to speculation that's the point

@@jacobnapkins1155 The fact that locals didn’t buy the property for various reasons is not lost on me. However, the ability for foreign or even domestic speculation will not go away. Foreign nationals or citizens or state residents can make a corporation and that corporation having been made in the state will be seen as a person/body of the state. The need for affordable housing is not a new debate. The soviets tried to solve it with planned apartment blocks. The US tried to solve it with suburbs and “projects”. Seeing that people don’t want to give away houses here unless its on a tv/gameshow leaves us with subsidies. These handouts are often trivial. The bigger issue is if people cannot afford to either rent or payments to the bank or outright buy to own the property then that should be their wakeup call to move away from there. Yes nobody likes hearing this and a lot of people do not want to do this because of social networks or services that are provided in that area that they rely upon. However when narrowing down all the issues that people can face in life to just looking at whether or not they can afford real estate often the answer is the skills they employ to make money do not generate enough money to “buy” the property. This cause of this is location. (Location location location) In seattle (yes not the focus of this story but a similar issue), people need to make at least 400k$ to even start to consider buying a property there. So back to our story, depending on your location and skills what you can afford can range drastically. So the answer for any young adult that makes a living and cant afford to buy should seriously consider moving. As for older people who are at the end of their earnings and more reliant on higher quality social services, its better to focus on quality services. So once again, the news team could have provided an in-depth report but chose to have sound bites and spin rather than focus their energy on actually helping through their reporting. Again i recommend they revisit taking business classes at a local community college to better help influence positive change.

@@brianthered lol so in your mind someone can't afford next months rent but they can afford to find another apartment to rent pay the deposit move all their stuff? That's a very silly view often times moving costs much more. Also the U.S and Russia? Maybe we need brighter leaders because Denmark and Singapore pulled it off easily

@@brianthered Seattle prices are going down precisely because policy that curbs speculation like tenant protection laws. If you need the people who actually work in your city to move to be able to afford to live then your city won't last long. If you can't raise incomes lower prices like Seattle is doing.

@@jacobnapkins1155 the US is still a capitalistic society. In your view, you should also consider the people who own homes and are then subject by any price cap regulation. There is no perfect measure to please everyone. As for moving, it should behove anyone considering real estate affordability to review other areas. The upfront moving costs can be mitigated over time with the growth of their assets. But they wont see those options unless they expand their horizons. If a person working minimum wage cannot afford even the rent in their city but that same skill will allow them to afford property in say rural Idaho (for example - havent looked) then it should be considered. As for the longevity of the city, i would not suggest or recommend people rest on their backsides waiting for policy changes to bootstrap them up into a middle class lifestyle.

You missed that boat

true

Let's cap your income while we're at it. . .

@@eleazarabrego4596 ❤ sending u love. My comment struck a cord. Listen, when foriegn owners start pouring significant profits into the local community where they own property these types of articles will cease to exist. As an investor I make it a point to priortize the property needs. I do business in communities my properties are located. I want some of the rental income to circulate in the community several times. It's what every local economy needs. Cap my income any day if I'm not showing up as responsible and concerned investor.

Can't cap ownership of corporation. And anyone can start corporation in America.

ban foreign ownership of housing

That's certainly what it looks like.

Or hold out when big companies try to expand to drive up the price to leave.

This is exactly what's happening. I receive calls and letters weekly from investors wanting to buy my property.

Some white people do have low credit or health problems. And there are so many of them.

@@yosquidd242 I pointed out the health problems aspect. The low credit can be fixed and isn't a barrier to buying a home over a 5 year period. Most people with bad credit can but a home in 5 years with hard work and focus.

People that have bad credit and accept that as the way it is and way it will be will always have bad credit by their own choice.

Don't buy in Detroit unless you're ready to defend your property by any means.

@@themostsecretscience6409 ok

if you are responsible for raising rents way above what people can afford, you deserve the death penalty. you are responsible for millions of homelessness, and stealing peoples hard earned paychecks.

@@nunyadambusiness3530 you can always go homeless. 😊

@@themostsecretscience6409 I live in Detroit born and raised the city is on the rise it’s lot’s of investment and upcoming diverse neighborhoods don’t listen to assholes who never been here and just regurgitate what they see in the media

For a LOT of Americans, owning a home is a pipe dream. One needs to have a great credit rating to own their own house. I'm glad we bought an inexpensive house in Detroit in 1992 when the getting was good.

Someone must have taken a dump in your mouth because there is nothing but mental manure coming out of it.

At least it's not Detroit

@@AznCracker13 yep thats the saying

😂

💯

😂😂

I wouldn't let Spanish investors buy property's ether!!🤣

But Ohio is a lot different than Colorado! Look at Michigan for a long-term reminder of what location, location, location really means.

Ask the Republicons why?

More than just the republicans In Illinois is government pensions bloated gov making 200 thousand after retirement is crazy

Maybe many people sold their home for medical bills or people can't get home because of what they did in 2008. Many people got their credit destroyed in 2008.

If your not evil then buy in California and leave Cleveland alone. No one wants your business.

Actually a lot of people do. My house in Indianapolis had 20 calls in 2 days 😊

@@JH-qqqqqiim You're still getting 20 calls nowadays? As in this market?

@@xxxxMonkeyGirlxxxx too late now. You know they are coming.

You're evil.

I’m surprised you know her too. I’ve been making lot of profits investing with her for a few months now.

Mrs DonnaElizabeth changed my life, she has been amazing, ever since I met her, my life took a positive turn because of the passive income i earn through her, she really is a professional trader and awesome person

I’m new to this, how can I reach your coach?

You can communicate with her on telegam, with the username below.

Bad business leaders of America act like Republicans, Do not have a plan for the homeland, they only want tax breaks for the rich and wealthy. The American dream has been sold and the kids can't put down tech devices to learn how to repair or build our country's great infrastructure. The next problem coming will be food challenges for 50% of the population. No shelter, no food, climate change. The streets will be littered with bodies half dead.

there is no problem with that whatsoever but when you displace people and they live on the sidewalk you also shut your mouth about that too..

@@wayneroberts6642 , you’re right when people are on the sidewalk, we (American society) won’t say, let alone do anything about it either. I’m sorry, but I’m just sick and tried and people deciding when they want to conveniently to pull out the homeless, poor veteran, single mom with children card when it comes to getting a fair shake when it comes to lack of opportunities that they perceive is not coming their way. I’m not directly accusing you of that but I just think it’s so hypocritical when every time when rich foreigners are buying up all the assets in this country that that’s when others will start to champion the cause of the poor, the mentally ill, the disadvantaged inner-city kid to make it as though they care about these individuals but in reality they don’t. They’re just pissed that they’re not getting in on the “fun” when it comes to making money. As far as I’m concerned, the foreigners can come to cities like Cleveland, Detroit, St Louis, Kansas City, Buffalo, Pittsburg and the rest and buy all the available inventory. I DON’T GIVE A DAMN! This idea that we’re “concerned” isn’t washing with me.

@@jbissainthe Well that analogy is pretty ignorant & silly, sorry but you're a dipsh!t. If you think that there's absolutely NO problem with foreign investors buying up all the land & property in the U.S. isn't damaging to this entire nation which includes YOU! Then you need to "Get Your Mind Right." Seriously, capitalism in the U.S. is one thing when it's used from within. However, let me hip you to a little history on the message sent by Nikita Khrushchev of Russia that was heard around the world back in 1956? Then maybe you'll understand how this quote rings true today, becoming more reality each day by leaders of foreign countries & outside investors who are using this call to action in their own way to power over the America. Nikita quoted: "We will take America without even firing a shot. We do not have to invade the U.S. We will destroy you from within..." The meaning of the statement partially pertains to this issue of property in the U.S. By enabling the foreign outside allowing them to buy up as much U.S. land as they possibly can. Brings in the power to control from the inside which in turn has the ability to cripple this nation, deciding the fate of us all. But hey you keep believing this form of capitalism use by foreign investors is a good thing, as long as you make a buck! Right? Giddy Up! Let's see what your money buys when you realize that money means nothing up against real power. Because true power trump's money all day long, so your little bit of money is NO value to the people of power. Sure that little wealth may help you now in life in some ways, until it doesn't. When the ones with power are the ones pulling the strings in society, you'll be included on their list to crush to eventually. If this is your way of thinking how it should work? Then trust me you'll lose, you're playing against a stacked deck at a table you can't win on. Good Luck though, real talk!

@@216Numbskull , you’re gonna call me a dipshit? You’re gonna start calling me names, fuckin retard? After trying to insult me why would I want to listen to anything you have to say? Makes absolutely no sense. First of all, my analogy is on point. You know what? I was going to sit here and thoroughly explain my point but I’m not gonna bother wasting my time. Good luck with your future and I hope you find love, peace and happiness.

You must be from California

The question is how do you known which landlord is out of state and nit using a real estate management company on their behalf?

Yeah like the 60 years of tax cuts on the top marginal tax rate isn't helping and massive increase in CEO pay whatever shall we do

Oh and don't forget quantitative easing

People with money have help and have choices, what lies you tell.

Middle-class gets squeezed the most. Not poor enough to get help from the government and yet not rich enough not to need help from anyone.

No! Do not regulate a free market, ever!