Stealing the American Dream (Corporations Ruining the Housing Market)
ฝัง
- เผยแพร่เมื่อ 5 ก.ค. 2024
- In this video, we explore the question: Are Corporations Ruining the American Dream of Homeownership? You might be surprised with what we discover in this video.
UPDATE: I am no longer partnering with StellarFi so the link is unavailable.
Become a TH-cam Channel Member- / @blackrealestatedialogue
Coaching
Apply for my out of state investing coaching program here -www.outofstatemoney.com/
Free Resources
Download my free guide, How to Buy Your First Rental Property in 2024- www.outofstatemoney.com/how-t...
Download my free guide, 8 Steps to Buying Your First Out of State Property- www.outofstatemoney.com/long-...
Download my free guide Top 10 Down Payment Assistance Programs- bit.ly/dpassistance1
All resources- blackrealestatedialogue.com/p...
Follow on Social Media
Instagram- / blackrealestatedialogue
Tik Tok- / blackrealestatedialogue
Some of the links and other products that appear on this video are from companies which I will earn an affiliate commission or referral bonus from. This is at no additional cost to you. The content in this video is accurate as of the posting date. Some of the offers mentioned may no longer be available. This is not investment advice.
Timestamps
Intro- 00:00
Invitation Homes Single Family Home Investments- 01:24
Blackstone Single Family Home Investments- 03:15
Deep Dive: Data about Corporate Landlords- 4:47
Corporate Landlord issues in Charlotte- 07:34
Politicians want to stop corporations from buying single family homes- 08:05
Sources
www.dailymail.co.uk/news/arti...
www.urban.org/sites/default/f...
www.nytimes.com/2023/12/06/re...
www.invitationhomes.com/
finance.yahoo.com/news/wall-s...
www.urban.org/sites/default/f...
This video is about: homes for sale,real estate,realtor,build to rent homes,build to rent real estate,renting the american dream,homeownership,corporate investment in real estate,corporate investment,american dream,buying a home,buying a house,affordable housing,affordable rental homes,affordable housing crisis,blackrock,black real estate dialogue,black real estate dialogue podcast,invitation homes
Take a moment to like this video and subscribe to the channel! It's free 😀
It’s absolutely ruining the dream of homeownership and affecting generations.
What should be done about it?
Yes. they are definitely negatively impacting the average persons ability to buy a home in some areas . Here in the Atlanta metro area, Wall Street backed private equity investment firms sometimes buy 20% of all homes for sale in a year. But here’s the other little dirty secret nobody’s talking about and that is these corporations have an unwritten no compete agreement . Which means if investment firm one is located in county, a investment firm be will not buy homes in that area and vice versa. What this does is remove any price pressure due to competition and keeps the rental prices in that area artificially higher.
thanks for the comment! I never thought about a potential no compete agreement. I did hear that about Atlanta, that's crazy!
Keep going dude watching you from paris
thank you so much! Shoutout to Paris
Too many developers. I don't think we should incentivize single family builders - they buy up available properties and prevent people from building smaller more affordable homes of their own.
What do you suggest instead?
Idk why I correlate all of this to keeping people working forever, And by the time people realize that they should’ve bought, it’s gonna be well out of reach. Imagine having to work for the rest of your life because you have to pay out of control rent that’s always going to go up.
Very good point. I’m sure that’s the case for many
This is about simple greed and should be banned but the politicians are owned by these corporations sooooo🤷🏾♂️
Corps do not own enough to say they are ruining it at this point. As you stated, high-interest rates are the main driver keeping people away. The American dream we were sold is a lie. Most Americans can't afford this marketing dream. I didn't buy my first house until I was in my 40's. Didn't have much desire to. I sold it during the craze and made money, but I only owned it for 11 months. I don't care to own another one for personal use anytime soon. I am more into building my own rental portfolio. I want 25 doors before I consider buying another home for personal. The marketing dream doesn't tell you how expensive it is when it comes to the cost of ownership. It's much more a month than just your mortgage. Insurance is sky-high in many states, and so are home taxes. Maintenance, association dues, upkeep or receiving large fines, pest control, utilities, etc. It is a lot to deal with.
It's definitely looking like a lie for so many people. Did you end up having to spend a bunch of money doing maintenance on the personal home? Wishing you the best on the journey to getting those doors. Appreciate your comment.
@@blackrealestatedialogue , I didn't pay anything for maintenance as it was a new build. This also helps it sell fast; in 2 days, I have a dozen offers. I know others who bought existing homes and paid a lot in maintenance. But all the other fees I had to pay. The mortgage at the time was $2,100. I paid $2,300 so that I would end up paying an extra house payment yearly. That went straight to principle, so I would have paid off the $314k house in 17 years instead of 30.
Got it, that makes a lot of sense. Thanks for sharing and wishing you the best!@@indianapapi
If u really think corporations don’t own enough u are seriously uninformed
I sold my trailer to a corporate company cuz i wanted to get rid of it fast the paid good fast
That’s awesome