I sold a house in Toledo last year that we had been renting out for about 9 years. The first offer we got was a cash offer for list price (toledo's housing market is still very slow). My realtor suspected that it was from an investor. We promptly said "no" and moved on to the next offer, which was from an actual family. Sellers have some power to help stop this unfortunate trend.
@@jackt3912 my investment portfolio is in things like technology and manufacturing. You can't call anyone a hypocrite, as every product you buy equals money to a corporation who then takes the profits and invests it into something. Do you use microsoft products or get the recent vaccine? Congratulations you just helped Billy Gates purchase some more farm land. Do you watch TV...well Ted Turner thanks you for your contributions to his thousands of acres of ranch land.
Make a law stating corporations etc can't purchase a home until its been listed on the market for "X" number of months, basically giving normal people a chance to buy the properties first. Or something along those lines. Maybe have huge fines for unkempt properties / yards if its owned by a corporation (not the same type of fines regular people get, have to be much worse and on the scale of what a corporation would be able to pay) Maybe not the perfect answer, but could be a start at least.
Or at the very least cap the percentage in any given city to ensure real families have some seat at the table!!! we need more oversight on housing in this country and better consumer protections.
Big money is buying solid assets to preserve their wealth during the impending economic depression. It's bologna to say that they're providing renters the ability to live in nicer areas. It's all about wealth preservation.
but the problem is wall street companies get bailouts when things go south while people get leftovers. There should be a ban on Wall Street for buying all of fishers ... there are plenty of residents 100k that can afford a mortgage there. also the seller can get the money from banks so idk why they rush to take offers from wall street.
I blame those who sell their homes to these businesses as much as the business themselves. Everyone knows what is going on in the housing market, so there’s no excuse.
Yes. I agree. I sold my first house last summer. We got a cash offer from an investment group. We declined it and moved on to the next offer, which was from an actual family.
"Their American dream modified, not broken." Dumbest way to end this segment. How about you actually end it with, the reality of people working full time falling into homelessness because they can't afford rent, food, and medication?
The American Dream is an illusion. And is no different than any other country. Universally everyone wants a home of their own, it's not just an american dream.
@@citrustaco yeah, in another city because they got priced out of the city they were trying to buy in by investors buying single family homes. Did you watch the video?
@@forgotmyname898 Of course I watched it. I would like to buy a house in Beverly Hills, but being able to buy a house elsewhere in a safe neighborhood meant they were able to buy and are not “homeless because they can’t afford it”. They bought a home. They are winning. They probably bought a home in neighboring Fortville.
@@citrustaco that might have been the original commenters point but it wasn’t mine. The point is, they got priced out because investors are allowed to buy single family homes, a third of all single family homes in the US actually, to turn them into investment vehicles. So are you saying that just because they were able to buy some house somewhere means we should continue to allow investors to buy single family homes unrestricted? Comparing their situation to you wanting to buy in Beverly Hills is not a comparable one and you know it. Unless you yourself are a real estate investor, or you work for one of these firms, I don’t see how you could support the practice of removing single family homes from the market to create a permanent renters class in the US.
I am a homeowner in Fishers. These investment companies are a huge problem for us as well. I can point out the rental homes in my neighborhood because the renters and the company don't keep them up. The yards are overgrown with weeds. The landscaping is overgrown. The paint on the trim is chipping. Our HOA's attempts at contacting the companies to get their tenants to be compliant go unanswered.
@@dimensions20 lol the mayor... dude just told you the facts. Some neighbors in fishers don't have the issue bc some HOA includes mowing. There should be a restriction for Wallstreet buying built homes.
The crazy thing is, the people who are selling their house to these companies, will find theirs self renting from those companies. Making people rent higher, then no longer a home owner now paying a grip. People don't think
I can't do anything about investors buying up new construction. However, when it comes time to sell my home, I will not sell to an investor. I will use their offer as a negotiating tool, but I will not sell to them. This is how we can save our existing communities from corporate vultures.
As a professional woman ( nurse) who is a “ renter” you need to get an education and take medication for your memory, it was only a 6 minute video, it is the corporation’s who are buying up the homes that are not keeping up the property they purchased and making them look like slum’s,not the renter’s …
I saw a report about an HOA that put a rule in place that potential buyers had to live in the home for 5 years, it sounds like a good idea to me to curtail big investors from swooping in.
I remember having a debate about this with someone and when I brought up investor buying single family homes, they told me the number of homes being bought this was way too small to factor into the issue. 33% of the entire US does not sound small.
It's WE THE PEOPLE.....they got you where they want you complaining on Social Media, rather than Civil Disobedience in the streets! No help coming from Politicians (doesn't matter which party) they are ALL getting richer!
I realize this is a trend and I feel for these families. There are also families who live in rentals in this state that the properties are being bought by companies.and no longer accepting HUD and raising the rent just under 50 percent. They seem to care more about $$ than if people are homeless or not
Correct, $$. It's called capitalism. It's what built most homes in the first place. It's what's provided the high standard of living that's enable so many people to feel entitled to own a home. Here a weird thing....take a look at many other developed countries and you will find a higher percentage of homeownership while the price per sq ft is much higher and median incomes are much lower than in the US. Also the US has very attractive incentives to buy like 30 year fixed mortgages and several tax advantages. Why can't Americans afford to buy homes given all the advantages they have? It's because they're spending income on a bunch of other necessities like eating out, ordering in, standing in line at coffee shops, $50k+ vehicles, $100+ phone plans, $600 phones, vacations, 500+ channel cable plus NetFlix plus Hulu plus plus plus. Only after those necessities are met do many Americans think about housing. Many because we take housing for granted?
@@MrWaterbugdesign Very well said. In the end the family did buy a house but was not their first choice neighborhood because of competition. However, It is likely that this family, living there will be great for them and a benefit for the town
@@MrWaterbugdesign well if you live in Europe or Asia, the houses are built a lot better than American houses. 30 years your house will need extensive repairs (roof, electrical, plumbing upgrades, flooring,) Houses in Europe can with centuries without issues. A little tropical storm or forest fire can destroy a whole neighborhood hood in hours. Nothing wrong with a nice car and netflix if you can afford it. Also a lot of people don't pay cash for a house (400,000) bc that money can go a long way if you invest it. The APY can pay its self off. dummy Don't forget a few decades ago people can buy a new bult home around 75k
@@kcirful you can opt out in certain neighborhoods in Indianapolis. It you live near 42nd street most likely you going to hear shootings or get caught in the crossfire for being at the right place at the wrong time. Haughville is another one you have to watch out for.
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" -Thomas Jefferson
I could but will intentionally NOT be investing in these exploitations that foment so many tangential stressors on my neighbors. I'm not in tobacco, beverage alcohol, oil, tax prep payday loans, credit cards either. Not all gain is good gain.
The question is how to regulate it? Not if it is fair or not. Should new build homes be allowed to be purchased by corporate entities? Or should individuals / family buyers have the first bite of the apple. Very difficult to regulate in my view as the builder will say the larger companies pay a higher price. Then you have to get into regulating the entire house building business where builders are prohibited from selling homes to corporations. Tricky to do - but may be necessary.
It’s not tricky at all. It simply comes down to what the people value. You can absolutely stop this kind of corporate activity. But seriously doubt the politicians have the political will, and the American people have shown over and over again that they can be “Jedi Mind Tricked” into allowing it continue through ideology. All Fox News has to do is bring on three senators and Don Bingobango or whatever his name is, and they’ll keep voting for the very people who own stock in the companies that keep them poor and unhappy. It’s actually hilarious when you disengage from all of the emotion and look at it objectively. You all kind of deserve it.
They came to Oregon and the big corps tried to stick it too me. I was after a lot of struggle able to purchase my own home. It is still possible, the higher interest rates will make it harder for first time home buyers though
Big companies are wanting to buy the best houses and property while prices are high because we can't compete against their bids. Instead buy a new property with a new home in a housing development with all your grocery stores and shopping nearby by or plans to include them into the development. The idea is they want to rent you to rent only from now on
Theres bound to be another housing bubble if this keeps up. Greedy investment companies will stop to no end until it all comes crashing down. I dont know if the next down market will be as bad as 2007-08. Its crazy that rent and mortgage is "through the roof".
Catch 22. Even if you buy a house, good chances you're living in a neighborhood full of renters. With no permanent long-lasting relationships that can be built. And as soon as the values go up enough, they'll knock down those homes and build apartment buildings. And then you start getting crime in your neighborhood. Yet you still have to pay off that 30 or mortgage with an ever depreciating asset. Oh yeah, you don't have the kind of money to replace your home with an apartment building yourself and jump in on the 💵 bandwagon. Is that about right?
Our house sold in Carmel in 2013 in one day. This was right around or maybe right before all the Hamilton County Suburbs started getting recognized in different rankings and publications as the best places to live sometimes multiple years in a row very high in the rankings. The home we grew up in cost 225k in 2000 and We sold for $270k in 2013 and as of 2022 it's worth $498k almost a half a million, I wish we were able to keep it back then but my parents had divorced and we were going through college at the time and finishing up high school. It was a big house with the associated maintenance/upkeep. The Mortgage we had was a bit under 2k/month! I knew once all these suburbs were officially recognized It would be a matter of years before they became super crowded and insane real estate even for renters. Hamilton County was largely was a best kept secret. West and East Coast cost of living/politics whatever you want definitely likely didn't help as I'm guessing people said to themselves why struggle in LA, NY, Seattle, Chicago when I can move there. People also have had a break on student loans and therefore have likely moved into the city from other areas around central Indiana or maybe elsewhere. I myself have student loans and the reprieve has been very helpful and needed It has definitely attracted increased competition everywhere including Hamilton County. The only hopes for people wanting to live in and around Hamilton County have to be in the neighboring Farmland towns of McCordsville/Fortville and I suppose Whitetown around Zionsville likely has some land still available for development.
Argh, the Midwest homebuyer is getting shafted like the coastal states' homebuyer! There was a house in Seattle that had been in a fire, was currently uninhabitable, that sold over the listing for $1million, in less than a week. That was this winter. Oh and it was a modest sized home, like 1500 sf sized, in a residential, nice neighborhood. Yeah, that "stuck in a rental" has been going on out here on the west coast for several years, and now it's starting in the Midwest.
yes this was more a sort of coastal area phenomena. Especially Florida where the big companies bought in homes as there demand for vacation homes was high. But now this phenomena entering mid western states. I am surprised Wall Street did not think of this earlier. There are lots of areas where this could work.
Not happening in Hawaii. New houses are popping up in this housing boom. The bubble pop is coming soon. Why are corporations not out bidding people on new houses here?
Retail buyers have been getting beaten in bidding because they're using a real estate agent. Right off they're paying the agent 3% just to drive them around. They believe the lie the seller pays that 3%...but they're the only one putting money into escrow. Investors don't pay 3% so they can offer 3% more to the seller's bottomline. The other problem is real estate agents look backwards. They value property based on past comps. In a market going up (or down) quickly that old data is misleading. So they're telling their clients not to bid high enough. They say the investors' offers are "crazy", "insane" and that they "overpaid". Meanwhile the investors are using forward looking data like job forecasts, demographics, household formation, etc... and seeing increasing values. Then there's the "fair price" idea. When we buy eggs, bread, milk we look for good prices on these and tend to buy at the same place every time. We get used to the price and get shocked when it goes up a couple pennies. When we buy a house we tend to see its value the same way. The house next door sold last year for $300k so that's what I should pay for this house. Anything above that would be a bad deal for me. Investors don't see it that way. In the stock market everyone is buying stock based on the expectation of growth. They have to pay 20, 30, 50 times current earnings in order to convince some asset holder to give up that asset. The hope is that asset will grow more profitable and increase in value. They know they have to pay a premium to get a growth asset. Investors are seeing real estate as a growth asset. If they have to pay 5-10% more than today's value to get that asset so they can earn more later that's a good deal. And again it's agents telling clients that's "overpaying".
At the very least, law makers need to cap the percentage in any given city to ensure real families have some seat at the table!!! we need more and better oversight on housing market in this country. As well as better consumer protections.
Exactly. And it's not hard for the seller and builders to distinguish a family that wants to buy vs Wallstreet. I think the city/country have the power to stop this
That's the goal. To turn everyone into a renter. And a hostage. Because they made so much money off our backs to begin with, they can control ALL real estate. Just like peasants beholden to Lords. Welcome back to Feudalism, folks.
I rented a house out last January in Indiana. The guy decided to stop paying rent. So I tried to evict him. Moved out and took some 2x4s. It's tough being a landlord sometimes
All you have to do is wait a year or a year and a half. Homes will be plentiful. People need to stop the big rush. If not move out of the country, many are leaving anyway.
This is one of the downsides of capitalism. We just allowed big business to privatize commodities like healthcare, R’s want to completely privatize schools (bringing back segregation). Merica!
@@gogee5 Not all HOAs, NOT in the second or first largest HOAs in the country. The largest HOA subdivision has little grass above ground. Depends on the location and the HOA.
If corporate investors want these homes, then let them have them. When people are ready to purchase a home, what's usually available to them isn't worth it! Many homeowners have for years complained about cookie-cutter homes that now dominate the real estate industry. In most communities, you can't tell one house from the next! There is hardly any differentiation. Homeowners are usually told to just pick one of three models. Then, the real estate developer hires contractors to construct the same house over and over, with slight variations, throughout the entire neighorbood as fast as possible. It is no wonder people aren't in a rush to purchase today's homes, especially considering there isn't much to them. Most homes today look like homes you can build yourself. Homeowners must demand real estate developers to do better. Homeowners want both affordable AND well-constructed homes that will last. These are homes made with all-natural materials, such as brick and stone. We don't want homes completely covered in cheap vinyl.
Towns and counties have the power to condemn properties if not maintained. Condemn them and you'll get a face to talk to real quick when they can't rent them and leans are placed on them. Individual ownership of single dwelling homes should be the law, not allowed to convert to rental property.
prices going up so much that people cant qualify for rent. half the renters in atl will need fake check stubs just to get approved for rentals. how yall think that will end.... this is gonna bankrupt investors. all cause of greed.
hey when these big buyers pay in cash it dries up the mortgage market and work, the homeowners don't have to work and those who work are demotivated. and when rents are more than mortgages, the consumer is worse off, and the only way it would be more inclusive is when the lending is subprime!
People want cash up front with no inspection or appraisals no has close within 5 days deal. Sellers need to be more patient and start excepting those FHA they are contributing to the issue. The same people taking cash deals are the same ones looking for a house with a FHA or conventional.
Investor's will soon regret the decision they made. Blame the younger generation that don't wanna farm and want that quick dollar. All the farm land around me is selling and turned into housing complexes
They find a loop hole to where the renter will be paying for it. Now they want the renter to make 3 times the rent but it still will not help either one. If they can't find a renter the house sits until they find another seller or someone that meet their qualifications
I have always been saying they need to charge companies more when they purchase a home and they are not trust that are connected directly to a beneficiary. companies are making people indentured slaves.
2008/2009 was a great year for real estate and the American dream if you were looking to buy. It was affordable housing everywhere. So affordable that the government was giving away money to first time homebuyers to buy them up.
These business people and these communities you're speaking of Indiana but they do it in all communities they invest in stocks and bonds and they get these investors to come in and buy property when they know people are coming into by land or whatnot and they don't want them in their community it's a way of shunning them without directly doing it.
Simple you buy a single family home you have to live in it, that's why they're called starter homes for young families not let's speculate and Jack up real estate.
This is a joke so who are you selling to if you can't even contact the owners, This guy says it's not an issue because you making bank off it this is a joke It's all about the money
Outside global companies even domestic companies should have a nice big tax and purchase limit this is destroying the American Dream and creating the Great Reset where renting will be the only payment 🤦🏻♂️ 📖
@@pohakumana basic economics. The prices are sky high cuz of what they are doing. Remove that houses go down and tons of ppl lose a bunch of $ for overpaying
I should take those investors to Court. Because I'm Native American and that land belongs to me. And all the wood that is used to build those homes are most likely also from my land of America.
It's all legal and there is nothing you or anyone else can do about it. Either accept it or stop whining and do something about it. Face it, corporations have all the power in the USA. It's done. We are all cooked.
I sold a house in Toledo last year that we had been renting out for about 9 years. The first offer we got was a cash offer for list price (toledo's housing market is still very slow). My realtor suspected that it was from an investor. We promptly said "no" and moved on to the next offer, which was from an actual family. Sellers have some power to help stop this unfortunate trend.
I constantly get offers from hedge funds to sell my FL lot. I tell them "you will own nothing and be happy"
Lol. But I bet you love if the companies you have in your 401k keep increasing their profits. Such idiocy and hypocrisy
@@jackt3912 my investment portfolio is in things like technology and manufacturing. You can't call anyone a hypocrite, as every product you buy equals money to a corporation who then takes the profits and invests it into something. Do you use microsoft products or get the recent vaccine? Congratulations you just helped Billy Gates purchase some more farm land. Do you watch TV...well Ted Turner thanks you for your contributions to his thousands of acres of ranch land.
I definitely agree
@@jackt3912 Not seeing the big picture.
Make a law stating corporations etc can't purchase a home until its been listed on the market for "X" number of months, basically giving normal people a chance to buy the properties first. Or something along those lines. Maybe have huge fines for unkempt properties / yards if its owned by a corporation (not the same type of fines regular people get, have to be much worse and on the scale of what a corporation would be able to pay) Maybe not the perfect answer, but could be a start at least.
Or at the very least cap the percentage in any given city to ensure real families have some seat at the table!!! we need more oversight on housing in this country and better consumer protections.
Big money is buying solid assets to preserve their wealth during the impending economic depression. It's bologna to say that they're providing renters the ability to live in nicer areas. It's all about wealth preservation.
They call this "controlling the narrative" in the real estate world. Or "lying" to the rest of us.
@@seanparker3704 hi
but the problem is wall street companies get bailouts when things go south while people get leftovers. There should be a ban on Wall Street for buying all of fishers ... there are plenty of residents 100k that can afford a mortgage there. also the seller can get the money from banks so idk why they rush to take offers from wall street.
I blame those who sell their homes to these businesses as much as the business themselves. Everyone knows what is going on in the housing market, so there’s no excuse.
Yes. I agree. I sold my first house last summer. We got a cash offer from an investment group. We declined it and moved on to the next offer, which was from an actual family.
"Their American dream modified, not broken." Dumbest way to end this segment. How about you actually end it with, the reality of people working full time falling into homelessness because they can't afford rent, food, and medication?
The American Dream is an illusion. And is no different than any other country. Universally everyone wants a home of their own, it's not just an american dream.
Homelessness and can't afford it? That family ended up buying a house.
@@citrustaco yeah, in another city because they got priced out of the city they were trying to buy in by investors buying single family homes. Did you watch the video?
@@forgotmyname898 Of course I watched it. I would like to buy a house in Beverly Hills, but being able to buy a house elsewhere in a safe neighborhood meant they were able to buy and are not “homeless because they can’t afford it”. They bought a home. They are winning. They probably bought a home in neighboring Fortville.
@@citrustaco that might have been the original commenters point but it wasn’t mine. The point is, they got priced out because investors are allowed to buy single family homes, a third of all single family homes in the US actually, to turn them into investment vehicles. So are you saying that just because they were able to buy some house somewhere means we should continue to allow investors to buy single family homes unrestricted? Comparing their situation to you wanting to buy in Beverly Hills is not a comparable one and you know it. Unless you yourself are a real estate investor, or you work for one of these firms, I don’t see how you could support the practice of removing single family homes from the market to create a permanent renters class in the US.
I am a homeowner in Fishers. These investment companies are a huge problem for us as well. I can point out the rental homes in my neighborhood because the renters and the company don't keep them up. The yards are overgrown with weeds. The landscaping is overgrown. The paint on the trim is chipping. Our HOA's attempts at contacting the companies to get their tenants to be compliant go unanswered.
Corporate owned homes not mowing the lawn?- heavy fine from HOA. Still don’t mow it?- heavier fine from the city’s code compliance dept. Repeat.
@@resilientoverthinkervm4343 The problem is that they NEVER answer the phone.
@@celieboo Notice should be delivered via certified mail.
Take your concerns to mayor’s office.
@@dimensions20 lol the mayor... dude just told you the facts. Some neighbors in fishers don't have the issue bc some HOA includes mowing. There should be a restriction for Wallstreet buying built homes.
The crazy thing is, the people who are selling their house to these companies, will find theirs self renting from those companies. Making people rent higher, then no longer a home owner now paying a grip. People don't think
Yep!
I can't do anything about investors buying up new construction. However, when it comes time to sell my home, I will not sell to an investor. I will use their offer as a negotiating tool, but I will not sell to them. This is how we can save our existing communities from corporate vultures.
Investors are creating slums with high crime and trashy neighborhoods say what you want I've seen how people treat and act towards things they rent .
Narcissistic much slum lord
As a professional woman ( nurse) who is a “ renter” you need to get an education and take medication for your memory, it was only a 6 minute video, it is the corporation’s who are buying up the homes that are not keeping up the property they purchased and making them look like slum’s,not the renter’s …
@@kathyharmon2093 😆
The Wealth Gap keeps growing and shows no sign of slowing.
Biden is fueling that too.
@@alaska3300 by trying to get Unions into Tesla and Amazon?? Lol
I saw a report about an HOA that put a rule in place that potential buyers had to live in the home for 5 years, it sounds like a good idea to me to curtail big investors from swooping in.
If you are military or move frequently, it would limit your options. Blame the sellers. Sell to an individual and not an investor.
How is this fing legal, this has single handedly destroyed Americans ability to buy homes 🤦♂️ make this illegal yesterday
fing?
@@pohakumana its a nice was of saying F***ing
I remember having a debate about this with someone and when I brought up investor buying single family homes, they told me the number of homes being bought this was way too small to factor into the issue. 33% of the entire US does not sound small.
that's a lot. that's heading to halfway range.
There needs to be a law right away to stop companies from buying homes. This whole situation is getting out of hand.
Guess nobody is gonna stop this huh?
It's WE THE PEOPLE.....they got you where they want you complaining on Social Media, rather than Civil Disobedience in the streets! No help coming from Politicians (doesn't matter which party) they are ALL getting richer!
@Larry S unfortunately you are right.
I realize this is a trend and I feel for these families. There are also families who live in rentals in this state that the properties are being bought by companies.and no longer accepting HUD and raising the rent just under 50 percent. They seem to care more about $$ than if people are homeless or not
Correct, $$. It's called capitalism. It's what built most homes in the first place. It's what's provided the high standard of living that's enable so many people to feel entitled to own a home.
Here a weird thing....take a look at many other developed countries and you will find a higher percentage of homeownership while the price per sq ft is much higher and median incomes are much lower than in the US. Also the US has very attractive incentives to buy like 30 year fixed mortgages and several tax advantages. Why can't Americans afford to buy homes given all the advantages they have? It's because they're spending income on a bunch of other necessities like eating out, ordering in, standing in line at coffee shops, $50k+ vehicles, $100+ phone plans, $600 phones, vacations, 500+ channel cable plus NetFlix plus Hulu plus plus plus. Only after those necessities are met do many Americans think about housing. Many because we take housing for granted?
@@MrWaterbugdesign Very well said. In the end the family did buy a house but was not their first choice neighborhood because of competition. However, It is likely that this family, living there will be great for them and a benefit for the town
@@MrWaterbugdesign well if you live in Europe or Asia, the houses are built a lot better than American houses. 30 years your house will need extensive repairs (roof, electrical, plumbing upgrades, flooring,) Houses in Europe can with centuries without issues. A little tropical storm or forest fire can destroy a whole neighborhood hood in hours. Nothing wrong with a nice car and netflix if you can afford it. Also a lot of people don't pay cash for a house (400,000) bc that money can go a long way if you invest it. The APY can pay its self off. dummy Don't forget a few decades ago people can buy a new bult home around 75k
@@kcirful you can opt out in certain neighborhoods in Indianapolis. It you live near 42nd street most likely you going to hear shootings or get caught in the crossfire for being at the right place at the wrong time. Haughville is another one you have to watch out for.
This shouldn’t be legal
"If the American people ever allow private banks to control the issue of their currency, first by inflation, then by deflation, the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless" -Thomas Jefferson
I could but will intentionally NOT be investing in these exploitations that foment so many tangential stressors on my neighbors. I'm not in tobacco, beverage alcohol, oil, tax prep payday loans, credit cards either. Not all gain is good gain.
Thought about moving here a couple of years ago. Sad to see what’s happening to families.
lol
There won't be families soon. I will never have kids with because of this going on.
The question is how to regulate it? Not if it is fair or not. Should new build homes be allowed to be purchased by corporate entities? Or should individuals / family buyers have the first bite of the apple. Very difficult to regulate in my view as the builder will say the larger companies pay a higher price.
Then you have to get into regulating the entire house building business where builders are prohibited from selling homes to corporations. Tricky to do - but may be necessary.
You got to live in it if you own it. If not, send the army.
Not really hard no, they could start by not allowing non citizens to purchase homes
@@BillyBob-op6lg it has nothing to do with illegal immigrants you're ignorant IMO
It’s not tricky at all. It simply comes down to what the people value. You can absolutely stop this kind of corporate activity. But seriously doubt the politicians have the political will, and the American people have shown over and over again that they can be “Jedi Mind Tricked” into allowing it continue through ideology. All Fox News has to do is bring on three senators and Don Bingobango or whatever his name is, and they’ll keep voting for the very people who own stock in the companies that keep them poor and unhappy. It’s actually hilarious when you disengage from all of the emotion and look at it objectively. You all kind of deserve it.
@@VoteForBukele CNN, MSNBC, CBS, ABC, NBC all play a role at propagandizing their viewers against their own best interests as well.
Why is this not ilegal or at the very best regulated?
Because if they make new laws housing market will plummet more. Then everyone who bought a home is stuck and underwater forever
Because America only cares about money and pleasing the highest bidder.
They came to Oregon and the big corps tried to stick it too me. I was after a lot of struggle able to purchase my own home. It is still possible, the higher interest rates will make it harder for first time home buyers though
Learn to write, it might be easier.
Lot of people from New York moved to Fishers, Indiana
greed and fear is destroying this country
I’m an investor buying in Indiana. I get why these big companies are going that way, it’s awesome in that state!
Big companies are wanting to buy the best houses and property while prices are high because we can't compete against their bids. Instead buy a new property with a new home in a housing development with all your grocery stores and shopping nearby by or plans to include them into the development. The idea is they want to rent you to rent only from now on
Theres bound to be another housing bubble if this keeps up. Greedy investment companies will stop to no end until it all comes crashing down. I dont know if the next down market will be as bad as 2007-08. Its crazy that rent and mortgage is "through the roof".
Catch 22. Even if you buy a house, good chances you're living in a neighborhood full of renters. With no permanent long-lasting relationships that can be built. And as soon as the values go up enough, they'll knock down those homes and build apartment buildings. And then you start getting crime in your neighborhood. Yet you still have to pay off that 30 or mortgage with an ever depreciating asset. Oh yeah, you don't have the kind of money to replace your home with an apartment building yourself and jump in on the 💵 bandwagon. Is that about right?
good point!
Families against investors a no win situation. So sad 😢
Our house sold in Carmel in 2013 in one day. This was right around or maybe right before all the Hamilton County Suburbs started getting recognized in different rankings and publications as the best places to live sometimes multiple years in a row very high in the rankings. The home we grew up in cost 225k in 2000 and We sold for $270k in 2013 and as of 2022 it's worth $498k almost a half a million, I wish we were able to keep it back then but my parents had divorced and we were going through college at the time and finishing up high school. It was a big house with the associated maintenance/upkeep. The Mortgage we had was a bit under 2k/month! I knew once all these suburbs were officially recognized It would be a matter of years before they became super crowded and insane real estate even for renters. Hamilton County was largely was a best kept secret. West and East Coast cost of living/politics whatever you want definitely likely didn't help as I'm guessing people said to themselves why struggle in LA, NY, Seattle, Chicago when I can move there. People also have had a break on student loans and therefore have likely moved into the city from other areas around central Indiana or maybe elsewhere. I myself have student loans and the reprieve has been very helpful and needed It has definitely attracted increased competition everywhere including Hamilton County. The only hopes for people wanting to live in and around Hamilton County have to be in the neighboring Farmland towns of McCordsville/Fortville and I suppose Whitetown around Zionsville likely has some land still available for development.
Unfortunately, Fortville and mccorsville are seeing sky high prices, too. People who can't afford Fishers/Carmel and moving there instead.
We looked for almost 2 years in Indiana for a home. This is more common that big companies own all the 🏡. One company is Progress Residential.
Reminds of a time and now when red lining prevented black families from participating in the fair housing market. Had to have felt the same way 😕
"Death of the Neighborhood,
Rise of the Investerhood"
Very true.
This is what is causing the Homeless problem.
Exactly
Fishers your screwed ! if your a local with all these people moving there' expect your property Taxes to double !
There should be higher tax premiums for owning like over 4 sfh for rent. There should also be incentives for selling to a homebuyer who lives there.
Argh, the Midwest homebuyer is getting shafted like the coastal states' homebuyer!
There was a house in Seattle that had been in a fire, was currently uninhabitable, that sold over the listing for $1million, in less than a week. That was this winter. Oh and it was a modest sized home, like 1500 sf sized, in a residential, nice neighborhood. Yeah, that "stuck in a rental" has been going on out here on the west coast for several years, and now it's starting in the Midwest.
yes this was more a sort of coastal area phenomena. Especially Florida where the big companies bought in homes as there demand for vacation homes was high. But now this phenomena entering mid western states. I am surprised Wall Street did not think of this earlier. There are lots of areas where this could work.
Not happening in Hawaii. New houses are popping up in this housing boom. The bubble pop is coming soon.
Why are corporations not out bidding people on new houses here?
And these big corporations can “write off “ there losses.
@@BuffyNoir140 their
What type of "giving back" was the Realtor referring to at 2:28? Genuine question.
Sometimes an economic collapse would be necessary for a healthier society in general.
Retail buyers have been getting beaten in bidding because they're using a real estate agent. Right off they're paying the agent 3% just to drive them around. They believe the lie the seller pays that 3%...but they're the only one putting money into escrow. Investors don't pay 3% so they can offer 3% more to the seller's bottomline.
The other problem is real estate agents look backwards. They value property based on past comps. In a market going up (or down) quickly that old data is misleading. So they're telling their clients not to bid high enough. They say the investors' offers are "crazy", "insane" and that they "overpaid". Meanwhile the investors are using forward looking data like job forecasts, demographics, household formation, etc... and seeing increasing values.
Then there's the "fair price" idea. When we buy eggs, bread, milk we look for good prices on these and tend to buy at the same place every time. We get used to the price and get shocked when it goes up a couple pennies. When we buy a house we tend to see its value the same way. The house next door sold last year for $300k so that's what I should pay for this house. Anything above that would be a bad deal for me. Investors don't see it that way. In the stock market everyone is buying stock based on the expectation of growth. They have to pay 20, 30, 50 times current earnings in order to convince some asset holder to give up that asset. The hope is that asset will grow more profitable and increase in value. They know they have to pay a premium to get a growth asset. Investors are seeing real estate as a growth asset. If they have to pay 5-10% more than today's value to get that asset so they can earn more later that's a good deal. And again it's agents telling clients that's "overpaying".
Same guys who blew-up the economy in 2008. And international investors laundering money.
At the very least, law makers need to cap the percentage in any given city to ensure real families have some seat at the table!!! we need more and better oversight on housing market in this country. As well as better consumer protections.
Exactly. And it's not hard for the seller and builders to distinguish a family that wants to buy vs Wallstreet. I think the city/country have the power to stop this
Real estate shopping for first time home buyers is like a hungry dog fighting with a stomach filled tiger over bones!
That's the goal. To turn everyone into a renter. And a hostage.
Because they made so much money off our backs to begin with, they can control ALL real estate.
Just like peasants beholden to Lords.
Welcome back to Feudalism, folks.
Just like Black Rock here in Texas.
Had these Big investors been properly taxed. Then they wouldn't have the money to ruin everything for the rest of us.
If you think that you know nothing about how economics work
@@alaska3300 Just not trickle down economics.
I rented a house out last January in Indiana. The guy decided to stop paying rent. So I tried to evict him. Moved out and took some 2x4s. It's tough being a landlord sometimes
You will own nothing and you will be happy.
we down even own the money in our pockets
All you have to do is wait a year or a year and a half. Homes will be plentiful. People need to stop the big rush. If not move out of the country, many are leaving anyway.
This is one of the downsides of capitalism. We just allowed big business to privatize commodities like healthcare, R’s want to completely privatize schools (bringing back segregation). Merica!
I will not blame people if they choose to just ignore these companies and just squat and ignore paying the “rents”
This is the beginning of the end of American families opportunity to build wealth 😞
I hope they got the home 🥺
My neighborhood changed the HOA covenants to say that only 3% of homes can be rental properties. Other communities should be doing this, too.
High grass and weed issue. Does that cost extra?
Pretty sure HOA can put fines and lien on the house that doesn’t take care of property..
@@gogee5 Not all HOAs, NOT in the second or first largest HOAs in the country. The largest HOA subdivision has little grass above ground.
Depends on the location and the HOA.
How can you save an extra 10-20 thousands ?
If corporate investors want these homes, then let them have them. When people are ready to purchase a home, what's usually available to them isn't worth it! Many homeowners have for years complained about cookie-cutter homes that now dominate the real estate industry. In most communities, you can't tell one house from the next! There is hardly any differentiation. Homeowners are usually told to just pick one of three models. Then, the real estate developer hires contractors to construct the same house over and over, with slight variations, throughout the entire neighorbood as fast as possible. It is no wonder people aren't in a rush to purchase today's homes, especially considering there isn't much to them. Most homes today look like homes you can build yourself. Homeowners must demand real estate developers to do better. Homeowners want both affordable AND well-constructed homes that will last. These are homes made with all-natural materials, such as brick and stone. We don't want homes completely covered in cheap vinyl.
Is this supposed to be a surprise?
It's capitalism at its finest.
Isn't this great????
I gave up trying to find a home for now but now I’m worried about my rent going up again
Dont buy and rent from investor.
They need to look at cheaper areas.
Towns and counties have the power to condemn properties if not maintained. Condemn them and you'll get a face to talk to real quick when they can't rent them and leans are placed on them. Individual ownership of single dwelling homes should be the law, not allowed to convert to rental property.
prices going up so much that people cant qualify for rent. half the renters in atl will need fake check stubs just to get approved for rentals. how yall think that will end.... this is gonna bankrupt investors. all cause of greed.
This is not right. Why dont they purchase a fixer upper??
hey when these big buyers pay in cash it dries up the mortgage market and work, the homeowners don't have to work and those who work are demotivated. and when rents are more than mortgages, the consumer is worse off, and the only way it would be more inclusive is when the lending is subprime!
People want cash up front with no inspection or appraisals no has close within 5 days deal. Sellers need to be more patient and start excepting those FHA they are contributing to the issue. The same people taking cash deals are the same ones looking for a house with a FHA or conventional.
Investor's will soon regret the decision they made. Blame the younger generation that don't wanna farm and want that quick dollar. All the farm land around me is selling and turned into housing complexes
It always get down to greed if it’s seller or the richest buyer!
No one wants to make it to law that these company needs to pay more taxes if they are not living in it?
They find a loop hole to where the renter will be paying for it. Now they want the renter to make 3 times the rent but it still will not help either one. If they can't find a renter the house sits until they find another seller or someone that meet their qualifications
People don't want to rent the American Dream and be priced out they want to own it.
The American Dream is just that, a dream. Wake up!
I have always been saying they need to charge companies more when they purchase a home and they are not trust that are connected directly to a beneficiary. companies are making people indentured slaves.
Fix it by changing property taxes again! Make it cost prohibitive for corps to own these homes by charging them more
Make private equity buying homes a crime.
The American dream as far as real estate is concerned isn't changing, it died in 2008 people are just catching up now👁
2008/2009 was a great year for real estate and the American dream if you were looking to buy. It was affordable housing everywhere. So affordable that the government was giving away money to first time homebuyers to buy them up.
33%?
Example of why Capitalism sucks
So gave socialism? Lmao
These business people and these communities you're speaking of Indiana but they do it in all communities they invest in stocks and bonds and they get these investors to come in and buy property when they know people are coming into by land or whatnot and they don't want them in their community it's a way of shunning them without directly doing it.
Stop letting rental in
You people act like this is something new, it's not. Houses are just the current thing for these groups.
Hey I live in Fishers Indiana
Corporations need our help -- more bailouts, legal protections, and tax breaks.
The same is happening in Florida.
Simple you buy a single family home you have to live in it, that's why they're called starter homes for young families not let's speculate and Jack up real estate.
Proud of America. This is true capitalism.
This is a joke so who are you selling to if you can't even contact the owners, This guy says it's not an issue because you making bank off it this is a joke
It's all about the money
homer simpson is livin the american dream
I would destroy the inside of my rental property
Outside global companies even domestic companies should have a nice big tax and purchase limit this is destroying the American Dream and creating the Great Reset where renting will be the only payment 🤦🏻♂️ 📖
Now if there is a law against it, everyone who bought a house will be stuck because they will lose 30-50% value of the home. They screwed us
you don't know what you're talking about
@@pohakumana basic economics. The prices are sky high cuz of what they are doing. Remove that houses go down and tons of ppl lose a bunch of $ for overpaying
Regulate this mess
I should take those investors to Court. Because I'm Native American and that land belongs to me. And all the wood that is used to build those homes are most likely also from my land of America.
Plot twist; you don’t have to live in Fishers
Home owners stop selling to businesses
“They can rent the American dream “
Housing is for shelter.
make squatting legal. greedy companies need to go.
It's all legal and there is nothing you or anyone else can do about it. Either accept it or stop whining and do something about it. Face it, corporations have all the power in the USA. It's done. We are all cooked.
I rent my extra house too
The rich will own all the houses and the peasants will rent....there will be no in between...
But people keep saying there's going to be a recession. So, people will be able to buy. 😬
Aye y’all remember those black people who were redlined? 🙄
As a black homeowner, ain't no fun when the rabbit got the gun.