Hedge funds are even ruining local veterinarian practices. They’ll give a local vet owner like 1 mil upfront, then make all of the vets cram appointments and charge crazy amounts for prescriptions.
I live in Europe and in my building there are sometimes leaflets encouraging selling the apartment. They are being put to every mailbox, for every apartment. The absolutely worst part those 'leaflets' are made to look like they are written by hand, sometimes they suggest, as they were made by some family looking for future home in this 'nice neighbourhood'. Absolutely disgusting...
That is the third time I have seen this quote today. I wonder how we can get all this information in a broadcast takeover so everyone sees it all. everyone.
Way to miss the point of the quote by not including the whole quote "The fact that is the everybody in this country lives on welfare. Suburbia was built with federally subsidized credit. And highways that take our white brothers out to the suburbs were built with federally subsidized money to the tune of 90 percent. Everybody is on welfare in this country. The problem is that we all to often have socialism for the rich and rugged free enterprise capitalism for the poor. That’s the problem."
@@JesusChrist-qs8sx the point of the quote IS the socialism for the wealthy genius... why do you weirdos always try to change the meaning to YOUR benefit? Y'all do it with Christianity too.
ah but then you would be messing with the sacred cow that is the free market. Basically the arguement goes, that in trying to punish or curtail corporations from buying a property, you are infringing on the said property owners right of free association and right to conduct business with and sell to whoever he wishes to, be it a private individual or corporate entity. In all honesty, there really is no simple solution given your Constitutional Rights, especially since Corporation were granted personhood status in 1886 by the SCOTUS.
so funny thing, this all happened because of deregulation of the financial industry that lead to the housing bubble in 2008. which directly lead us to our current situation.
True. Mega-scale wealth has changed the very definition & nature of greed.... What is really beyond insane are the oligharchs whose objective is to quite literally own all land used for housing _AND_ all land used for food production, & eliminate all the banks so that only the federal reserve is left standing _You will own nothing & be happy_ (or else what?) Arrogance & grandiosity that exceeds the meaning of grandiose itself
This has gone beyond greed. Same families have been wealthy for hundreds of years, they've grown bored of being God. The focus has shifted away from them having more, to you having less.
But they did. Reagan took away the restrictions, which is how we got to the "bubble pop" in 2008, followed by the same companies who told Reagan it was a good idea, buying all the properties up.
Yeah the government needs to limit the number of all buildings apartment buildings, "single family homes," etc. that any individual or business can own to a low number like 10 or less. Or maybe even 5 or less. I'd prefer the whole concept of "single family home" and especially the draconian "zoning", that's destroying America's young hardworking generations, go the way of the dinosaurs and everything become only and all about HOUSING the population in line with real wages and a genuine functioning housing market that is not controlled by horrible corrupt thieving speculators nimbies banksters and monopolists.
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.
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.
My CFA SOPHIE LYNN CARRABUS a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
How are they not liable? Having to do repairs is nuts. This is basically an Anthem of why the gov should have bailed out the homeowners and not the banks.
As a Canadian, the housing and health care crisis have me so disappointed and frustrated with all of our politicians. They do basically nothing, seeing these major problems develop over years. It's ridiculous.
The best description of the problem I’ve heard is that housing is a federal issue, but housing supply is mostly determined at the municipal and provincial level. So the incentive structure isn’t there to fix it.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
@@Voidroamerfalse. REIT have been around for decades. The 2008 mortgage crash turned Wall Street heads to buying individual homes and bundling them into portfolios that are sold to individual investors, teachers unions and other institutional buyers.
The problem is that in order to have "permanent roof" with amenities like electricity, gas and water, either the tenant or the owner must somehow pay insurance and property taxes. As a result, a lot of people live in tents, at least in California, where I presently dwell. Not a single mortgage, tax, rent, or insurance. It amazes me how many folks I meet who tell me they live in their cars. This place is insane!
It's becoming more and more insane by the day. Mortgage rates have been rising steadily (already over 7%). I often wonder if I should put my extra money into the stock market and wait for a housing crash, or if I should just buy a house regardless.
Such concerns also come to me. After 50, I'm retiring early. I'm already concerned about the direction the future is taking, particularly with regard to finances and making ends meet. I'm thinking about investing in the stock market for the first time as well, but how can I accomplish so considering that the market has been in disarray for much of the year?
For my part, I can relate to that. My benefits were clear when I started working with a fiduciary financial counsellor. I would always suggest seeking expert assistance in these situations so they can guide you through bumpy markets and simply provide you with indicators and tactics for knowing when to enter and exit the market.
And then they wonder why people aren't having kids. If you can't afford a home near a school or just a home in general then why even raise a kid? People associate owning a home and making a family as things that go hand in hand. Lots of people will refuse to start a family unless they have a stable home.
If you live in a red state, you had better hope for some real talented pullouts because after the elections Republicans will be trying to ban contraceptives. If they take power nationally they will make blue states do the same.
Property taxes should be escalating based on number of properties owned. Once you get over 2-3, the taxes should be so high that it's not worth buying more
San Jose's housing market during the past seven or eight years is unlike anything I've ever seen. In 2015, homes that were purchased for $130,000 are now selling for $590,000. I'm referring to little, filthy, shoddy 950-square-foot shit boxes in peaceful, average areas. Better, average-sized homes in better communities that were worth $300K+ ten years ago are now selling for $750K+. Crazy times.
Home prices will eventually decline, but for the time being, withdraw as much of your money as you can from the real estate market and invest in gold or the financial markets. In addition to the crisis and the fact that mortgage standards are becoming more complex, the new mortgage rates are outrageous. Before the market normalises, home values must drop by at least 40%, if not more. It is best to look for an impartial advisor with knowledge of the financial markets if you are at a crossroads or need honest advice on the best course of action right now.
It will take at least 40% (more like 50%) of home values to drop before the market returns to normal.Finding an impartial advisor with knowledge of the financial markets is the greatest course of action if you are at a crossroads or need honest advice on the best course of action right now.
Of course, there are a few specialists in the area. I've tried a few over the years, but for the past five years or so, I've stayed with "Sharon Ann Meny," and her performances have always been outstanding.Look her up; she's well-known in her industry.
I make 80k a year. I pay around 1/4 of that on debt. The median cost of a home in my area is 500k. Median rent is $2500 for a two bedroom. Forget buying, I can't even afford to live alone.
@@AndyWarhole-w7q because one bedroom will be to sleep and the other one to study as living room is not for studying that is for watching football and having a beer but you don't see any problem with the pricing or that the vast majority of households are being owned by traders that brought the 2008 boom and then bought them? What a coincidence!!!
Single FAMILY homes should only be available to FAMILIES. Not corporations that seek infinite profit off of the suffering of people. Once a corporation owns more than a few houses, raise the taxes on them drastically. How is it allowed for a corporation to own thousands of single family homes?
this is stupid. If only families can buy such homes, who is going to build new homes ? It is like the welfare receivers that get free houses and defecate inside them.
Buying a home is challenging, especially if you're not paying in cash or avoiding a government loan. Even with just the minimum monthly payments on a 30-year mortgage, I’ll end up paying more than twice the value of my home. I was fortunate to buy before the market went wild, so I secured a good interest rate. I can't imagine trying to rent or buy in the current conditions.
I hope to own a home some day, not quite long I started investing. I'm very curious already and need help on how to enhance and increase my returns. Any good investment tips will be appreciated.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
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 ‘’Sonya Lee Mitchell” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
@@daveg5857The States are the ones that charter corporations. The best economy would be a free market. In a free market there are no corporations because the government doesn’t charter corporations in a free market.
maybe we shouldn't treat homes like a market to speculate on and/or reap profit from, but a thing people need when like... contributing to society or whatever. But what do I know, I just clean windows.
To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.
Could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation, and I'm seeking a more lucrative investment strategy to effectively utilize them.
'Melissa Terri Swayne is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She's quite known in her field, look-her up.
Thank you for the information. I conducted my own research on google and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call.
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
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.
The new mortgage rates are crazy, add to that the recession and the fact that mortgage rules are getting more difficult, and home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. For now, get your money (as much as you can) out of the housing market and get into the financial markets or gold. If you are at a cross roads or need honest advice on the best moves to take now, it is best to seek an independent advisor who knows about the financial markets.
'Sharon Ann Meny' 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.
@@Praisethesunsonif your a private equity firm. Individuals not so much. People sell homes only to buy a new one that is much smaller, and firms also drive up property values which increase taxes and some people are forced to sell because they can't afford taxes.
Who is wallstreet? That's how you know you're stupid. Try to answer that question and see if the same people that got bailed out 16 years ago are the same people who own Amherst (it's not).
Yes, the whole slogan "they're too big to fail!" as if the sun would stop rising in the East and setting in the West should those companies go bankrupt! They should fail and the pieces fall where they may, people will figure it out even if it's hard at first because the alternative was sacrificing the future which we are now experiencing
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.
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.
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.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Spend your money wisely-invest in quality where it counts, for it often outlasts the cost of cheapness. Yet, remember that sometimes the simplest, least expensive option is the real gem in disguise.
I started my first job in 1985 and a few years later, I set the goal to have $1 million saved by the time I retired. I'm 3 years from retirement and hit that goal last year, but I now know I should have moved that goal post further out to $1.5 million or more. I remember as a kid thinking millionaires were these people who lived like demi-gods among all us serfs. Now I am one and still don't feel any different from a serf.
@@JessieeAlmarSteady progress! A solid strategy is crucial for growth and minimizing taxes. After six months of getting affiliated with Stephanie Janis Stiefel , l'm averaging 35k a week . It's not huge, but it eases financial stress. Best of luck on your journey!
@@ColoGamerproI know this FA, Stephanie Janis Stiefel but only by her reputation at Neuberger Berman ; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since l watched her interview on WSJ last month.
There is no legal recourse for the people anymore. This is late stage capitalism, baby. They just want to make enough money to build a bunker to hide in while the rest of us live through the purge
Property taxes should not be assessed to market value. Do you know how high these pricks assess houses every year? 2-10%. Heck off with that. Near thousand increase in just 1 year 2022-2023 and you guys complain about why RENT is so HIGH? lmfao. Put 2 and 2 together. Fix your greedy af government first
I bit the bullet and moved back in with my family for a couple years (and consider myself very lucky that I had the opportunity to do so), it takes communication and sacrifice of a few liberties but the ability to save that otherwise money sunk in rent is the only way I see to actually save enough for a down payment these days.
The housing issue is that bad. I'm 38, live and worked in California all my life, took a lot to finally save up enough for a decent house. Now I'm second-guessing my decision because home prices are even still higher than I budgeted, and there are rumors about a potential market crash. Now I'm wondering if I'd be better off putting my spare cash in stocks and waiting for home prices to drop, or just going ahead to buy a home now before prices even get worse.
Stocks can offer way higher returns in the short term, but it's also more volatile. If you feel confident in your ability to navigate the stock market then it might be a better option
Two years ago, I was in a similar situation and ultimately decided against buying a home since I was comfortable in my rented apartment... That turned out to be a great choice because now, I make close to 15 grand a month from stock investments I made then! If you have the time, I recommend making a thorough research on how to go about this process safely... Alternatively, consider working with an expert, like I eventually did, to help avoid costly mistakes, especially in the early stages... Good luck...
been considering going into this for sometime now. heard its a nice way to make some extra funds. how do you get a competent expert and how expensive are they
_king_james_23 You should begin by seeking out individuals with strong records... Also make sure the person is registered... Personally, I use Marie, Kelly Matwick. She's not so popular but you might have heard of her. And they're usually way cheaper than you would expect ...
Hey now, isn’t it lovely knowing that Wall Street always wins. That makes me feel better to know that I have to pay more for everything from housing, gas, prescriptions, meat, internet, cable, streaming services, credit card rates and healthcare. So happy that I can sacrifice for a couple dozen billionaires. Camel fits through the eye of the needle eventually.
all you need to do is invest in those same companies and become a shareholder. That way you know your rent will come back to you in dividends. look up SRET. Think Smarter. And by this you don't have to worry about the "cost of home ownership".
Silly internet friend, just get a bigger needle! That’s what these people are doing by changing the rules as it applies to them. Then they muddy the waters and people move on because what can you do? Marie Antoinette joined the chat:
My grandmother lives in a starter home neighborhood from the 50s. The older people living there have been, for years, being forced out of their homes because taxes keep rising on them. When taxes rise, the corporate homebuyers come knocking, literally, door to door and buy up the neighborhood. My family and I moved in with my grandmother recently just so she wasn't forced to sell. Everything else around her is now rentals that are deteriorating yet somehow the property value on her house keeps climbing according to the town. It's sad.
Homeowners selling a home can also catch an attitude and say, we aren’t selling houses to corporations we will only sell our property to families who will keep it.
Homeowners will just sell to whoever can offer the most quickest, and that will be huge companies who have whole teams employed to select new houses and also near infinite funds to do so.
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy, or not?
Stocks with yields that outperform the market should be on your radar, as should shares that at least lag the market over the long term. But if you want a long-term strategy that works, I advise you to consult a broker or financial advisor.
Don't depend your market assessments and decisions on hearsay and rumors; I did it in 2020 and ended up with worthless market holdings. Before I started noticing any notable improvements in my portfolio, Helene and I had to completely rebuild it. I've been using the same advisor ever then, and in just two years I've scaled up to $876k. Depending on where you look, a bullish or down market might both produce good profits.
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?
We bailed out wall street from the housing crisis They took our money and bought all the devalued homes and raised the price to rent the same properties that they caused home owners to default on ? WTF?
Occupy Wall Street needs a part two... Wont happen this year, TBH too much is riding on this election.. like the ability to have a peaceful protest. But it needs to happen soon
they actually bailed out the poor home owners not the bank. The fact that the owner can simply go bankrupt and not payed to the bank the money she owns, is a loss. The state payed for all those millions who had the luxury to default on their homes, instead of paying what they signed that they will pay.
It's the same in Ireland. Foreign investment funds buying up new housing estates and apartment blocks in bulk to rent out at extortionate prices. This needs to stop. Housing is a necessity not a commodity.
Yep. Unless we shake the government to actually pass laws that prevent corporations this will keep happening. We need to organise in communities and press for change.
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
"Izella Annette Anderson" 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
Insightful... I was curious about her, so I looked her up online. I discovered her website, and I must say that she seems knowledgeable. I sent her an email outlining my goals. I appreciate you sharing.
@@user-zu5do6ri6rHave you even traveled? I have the privilege to have travel and worked with people of many other countries, and is not even close. The insane level of materialism. The hunger for more and more money no matter what is definitely not as present in other cultures. We have a great nation, one of the very best, but "enough" is not on our dictionary. We charge for health, we charge for education, and we would charge for oxygen if we could. Oh and we would keep raising the prices on it, to sustain the desire for infinite growth.
We have to organize ourselves because our government representatives could give a damn. We are out here fighting massive corporations while simultaneously being told to pull ourselves up by our boot straps. This is a bunch of BS.
It’s near time that people organize to fight. Plan. Organize. Train. Prepare. Fight. Repeat. Civil respectful peaceful resolutions will not work. They only communicate in the languages of money and violence. Let’s become multilingual.
Y'all, this video hits HARD. I've been saving for years, finally got my emergency fund sitting at $143k (yes, extra ‘k’ for the flex). Now I’m itching to jump into investing but still clueless about where to start. Stocks? Real estate? Crypto?? Or should I just buy a lifetime supply of avocados since apparently, that’s why I can’t afford a house anyway. 😂 Suggestions welcome
First off, congrats on stacking $143k! That’s impressive. But before diving in headfirst, consider sitting down with a financial advisor. Trust me, I did, and it changed the game for me. No shame in getting expert help-your future self will thank you.
Totally feeling you both! I’ve been stuck in the ‘where do I even start?’ phase for months. An investment advisor sounds like the move, but honestly, I have no idea where to find a good one. Any tips on this?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with Linda Aretha Reeves for some years now, and her performance has been consistently impressive. She’s known in her field-look her up.
"Funny enough, I watched Linda Aretha Reeves at the Bloomberg Finance Summit about four years ago, and her presentation was stellar. Definitely a top-tier expert!"
I have said this. That apartments and houses are not rented homes but more like a storage unit for humans with limitations on how many guests you can have and when if you can have pets or kids. Even how many guests you may have and how often. That's not a home. It's a storage unit for humans
These are socialist talking points. They never get down to the real reasons. Between NIBY’s, agreeable people, immigration, 2008 crash, less marriages, foreign buyers, inflation, and then Wall Street as being the reason for the cost of housing. I don’t like people being manipulating into believing the rich is the only reason they are poor.
Anyone who "needs" a billion dollars is always a bad person. You don't want for that much without there being something fundamentally wrong with you (yes, that includes you, person reading this comment who dreams of being a billionaire)
@@kaijuultimax9407 So if you own a company and it increases in value to a billion dollars, you magically become a bad person? Why is a billion dollars the magic number and does this number have to be liquid or just net worth?
@@NitroscionI have worked closely with many wealthy people in my day, and I can say without a singular doubt that the vast majority of them are sadists and sociopaths. Not ALL, but most. And those were just millionaires. OP is right.
Unfortunately the vast majority of Americans - even those affected by this will defend the right to make a business out of everything and charge as much as possible, and will call any one who opposed this a member or believer of one of the "isms".
@@mattdelany6799 Hmm, you are correct as far as legal doctrine goes. From a moral, humanitarian standpoint I argue housing is a right. I sincerely hope I never get sick and struggle to pay my mortgage/rent. I hope you don't either.
I say it's high time we change American corporate laws. Here is a message from history ..."I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country... corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed"... Abraham Lincoln (1809-1865)
I hate to be the bearer of bad news, but there are no primary sources of Lincoln saying that. There are plenty of presidents who rightfully criticized corporations (The Roosevelts come to mind.), but Lincoln himself barely dealt with business.
Yeah, it's a real struggle. With the rising housing prices and stagnant wages, it's becoming increasingly difficult for many to afford homes, let alone save for retirement.
It's a vicious cycle. If people can't afford homes, they might delay retirement savings, but if they focus solely on saving for retirement without considering their housing situation, they might miss out on potential investment opportunities.
Absolutely. And with the fear of not being able to retire comfortably, people might be tempted to make risky investments or neglect proper financial planning, which could spell trouble for their portfolios in the long run.
It's crucial for individuals to diversify their portfolios, seek professional financial advice, and stay informed about market trends to navigate these challenges effectively.
In 2008 the US basically shut down Wall St from buying/selling/trading/leveraging the mortgages...so here we are in 2023-2024 and they said "F it, we'll just buy all the houses then instead"
Remember, the same people who jumped out of windows when stocks were crashing are the same pieces of garbage now playing with your homes, either you take action or you just allow them to keep screwing you over.
Disgusting a woman spent 25k fixing issues with the house and after she brought it out they want to give her 2k and evict her. She needs to sue the heck out of them and demand full refund. Its not her responsibility to fix the house. These corporations are privatizing the profits and socializing the cost. Also the US allows anyone across the world to buy property here. Countries like Thailand have tough restrictions which is why its affordable there. America needs to learn but our politicians are corrupted.
My gf and I live in an old small house we can barely afford. It has lots of issues that I fix because I can. Lord of the Land says we're on our own. Don't bother him. Don't like it? tough shit, then leave. "The price is under market". We had to pay to have the heater fixed, and an electrical issue. We had to buy a (used) stove, and refrigerator. I have spent a couple hundred hours fixing and upgrading things. If he decides to sell, we are screwed.
@@jamespppyacek342 That is crazy man. Renting a place but need to pay for the repairs as if you own the house. This country need to put in laws to make that illegal. Landlord owns the place so they need to be responsible for repairs.
People complain about big government, but this is the type of situation that a local housing agency exists. Of course if a renter complains, they will get evicted soon after.
When I was in South Korea, if anyone owned more than one home their taxes increased SIGNIFICANTLY. This was to prevent a bunch of rich people from buying up all the property and charging extortionate amounts. The same policies HAVE to implemented in the US and other countries.
That is one reason I moved out of the US! I am in a small village in a small country in Europe. I have have a duplex to myself and my cat (on a 28000sq.ft land trees all around me, no neighbors. I pay $165.00/month, (started at $50.00/month), $32.00/month for health care, $16.00/month for Internet and about $10.00/ month for an 11KG Propane/Butane container. Electricity is paid by the owner. My retirement is only $1165.00/month and I save some of it every month! Tell me you could do that in the US!
@@frostykeys4469 Hungary! Most young people understand and speak English or German. I only recommend the extreme west side of this country! (and only certain cities.) I get to go to Austria about 3-4 times a week.
Where are you located? I get similar amount for Social Security and I can't afford to live month to month. I am seriously considering leaving the US for somewhere cheaper. I admit that I have no idea how to do that. Please just a little more specificity as to what country or what I can do to investigate this. Thanks 😊
I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further. Foreclosure becomes likely if they can't afford the house, and selling won't yield profits. With anticipated layoffs and rising living costs, many individuals may face this situation.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too
You are right! I’ve diversified my portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
“Rebecca Nassar Dunne” is who i work with and she is a hot topic even among financial elitist in California. Just browse, you’d find her, thank me later.
One that renders life sufficiently unbearable for a large enough proportion of Americans that they deem the worst-case consequences of a bloody revolt (e.g., prison or death) preferable to the status quo.
As an investor, all maintenance is a write off or tax deduction, as are real estate taxes. What normal wage earner can compete with that kind of stacked deck?
Agreed, it's a cultural shift. People use to build a modest home and pass it down to their kids. Your home wasn't a way to make money - it was meant for your kids to have something. We turned housing into just another commodity.
Capping rent increases is great, but it doesn't stop landlords from issuing no fault evictions and jacking the rent up well beyond %5. When will the madness end?
First you cap rent increases, then you focus on unjust evictions. Like everything else, it's going to be a process of clawing back power from the ultra wealthy.
And then requiring you to live with nonstop problems costing you even more money like roof problems and bad insulation then requiring you to work as their personal landscaper and exterminator.
Here in Canada we have rental caps, if I am not mistaken in my home Province, the max a landlord be they private individuals or corporations can raise you annual rent is 3.5%, so if you are paying C$2000 per month for a one year lease, they can only raise it by C$70 per month to C$2070. It should be noted that the cap was raised from 1.5% in 2023 to 3.5% in 2024, a 2% increase. However, there have been some rather distrubing developments within the rental markets in Canada. Firstly there is an ongoing and cronic shortage of rental units right across the country, causing the cost of rents to skyrocket to where many working people are having a hard time covering their rents despite working full time. This has also lead to corporations snapping up rental housing, either single family homes or apartments from independent owners and basically cornering the market. I mentioned that annual rent increases in Canada are capped, which mean meaning rental unit that are occupied by long term tenets are often paying well below market prices. The rental corporation of course want to get ride of these tenets so they can rent out their units to a person who will pay more money. But in order to evict these long term tenets, they need a just cause. And this is where the recent renoviction craze comes in. Landlords can evict a tenet in order "renovate and update" their rental unit without having to allow said tenet back in at the same old rental rate. Once these "renovationos and updates" are completed, the landlord is now free to rent out the unit for whatever the market will bare. And those "renovations and updates" can be as simple as slapping on a fresh coat of paint or just installing a new towel rail in the bathroom. Not sure what the answer is to be honest, but it does appear that renter in both the US and Canada are getting royally screwed over.
Sorry, but since 1886, Corporations in the US have been granted personhood status by the SCOTUS, though challenged numberous times, each time that status has been upheld. There for Corporation are granted the full range of rights and freedoms as any individual US citizen.
In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than $600k within just a year, and I've entrusted my advisor with the task of determining entry and exit points.
@@hunter-bourke21bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Certainly, I am still working with *Izella Annette Anderson* and the beauty of it is her expertise extends to various aspects of financial advisory, including stocks. She has skillfully constructed a diversified portfolio for me, capable of withstanding inflation and outperforming the S&P500.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
I watched it all happen while I was in college. Lobbying is one hell of a drug. I work in banking, Zillow and these other companies that meddle with pricing and market research are the biggest issue. Redfin would use their estimates to devalue, then purchase, overvalue, and sell homes. This type of corporate house flipping should be illegal.
You may have missed the part in the video where one side IS trying to do something about it. The other side is doing everything they can to stymie those efforts. Unfortunately, the majority of Americans (and a good fraction of the commenters here) continue to believe that this is GOOD for them and don't want the government to do something about it.
@@carnivorous_vegan Let's not turn this into the false dichotomy of left vs right. People made bad decisions, now we have to deal with the repercussions and find a way to solve it.
How about the two privately owned home on my block that the owners won’t rent or sell that sit vacant. One for the entire 17 years I’ve lived at my home. The world is in its final rotation before it goes down the toilet bowl
Probably because individuals have what's known as property rights. As long as you don't break laws or local ordnances while doing so and pay the higher taxes generally associated with owning multiple properties, you can do with them whatever you wish.
In the Netherlands there are laws requiring that you have any home you own be occupied and if it sits empty beyond a certain period you pay much higher taxes on it, and eventually can lose ownership of it. Houses are meant to be lived in, and if you're sitting on it waiting to use it as a financial token while working class people can't afford to live, then i can't say what should happen on this platform.
Another problem with houses standing empty is that they are seldom maintained and lose value, sometimes 100% of their value. That is a loss to society. So that law in the Netherlands makes sense. Yes, you can leave a house standing empty, but if you are rich enough to do that, I guess you are rich enough to pay extra tax on it!
It's funny you mention subscriptions... we're losing the concept of ownership. It's pay to play with everything from movies, to features your car already has, but you have to pay to use. It's only going to get weirder...
@@voodooladyink6869 well wanna use my phd in philosophy the humans body is a subscription. you gotta pay to feed water and entertain it on a day weekly and monthly base
Plus cost of zoning, land, hooking up utilities, and inflated materials cost. I sell roofs for a living and the cost of roofing materials has gone up 20% this year. That's a real inflation rate that unfortunately we had to pass along to the customer....
@@rorycolganYes but in you case Sir you are doing what have to do in order to keep your business afloat. The problem is that we now have either small time house flippers or "entrepreneurs" as they call themselves or big corporations like the ones listed on the video, who do nothing or barely anything to the properties and "flip" them for insane prices. Unlike you, they don't lift a finger, plus they don't feel bad or have a conscience and are completely ok with forcing millions of hard working Americans to either ruin their lives by paying insane prices for properties or become permanent renters for incredibly high rates as well.
@nickolasdugginsjr7523 same here, can't go 5 miles in any direction without a new subdivision, apartment complex or warehouse being built. The "new houses" are made of the thinest, flimsiest materials they can find. Even if someone bought one it's not designed to outlast it's mortgage, they'd likely have to refinance around the 20ish year mark for remodeling. Also they're selling people the house but they never said anything about the tiny shred of land it sits on.
I remember in 2017 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
I get where you're coming from with the real estate crash, but I really think stock investment is a better option right now. With the guidance of a financial adviser, you can navigate the stock market effectively and find opportunities for growth that real estate just can’t match at the moment. Stocks offer higher liquidity, flexibility, and the potential for better returns, especially if you’re strategic about it. It’s all about making informed decisions and adapting to the current market conditions!
That is very correct. Having the right financial expert is invaluable. My portfolio is well matched for every season of the market and recently it has hit 80% rise from early last year. I and my CFP are aiming for a 6 figure ballpark goal.
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 ‘’Judith B Richards’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Landlords live off their occupants labor. They provide nothing while they leach from society. Shelter is a human necessity. They’ve capitalized and captured this necessity for their personal gain.
Exactly. Renting used to be a mean for a "secondary" revenue source. Now landlords and house flippers are an insanely profitable "career" they can be as lazy and greedy as they can be and constantly be rewarded for it
Landlords supply accomodation in exchange for money. Just like so many many many many other transactions in the world. Money in exchange for goods or services. Why is accomodation a human right? (A "right" is anything humans allow to freely happen)? And what standard of accomodation is acceptable? Who decides that standard? We don't A L L want the same standard. We don't A L L need the same standard. Over time our wants and needs change. Some people don't know what they want or need. Etc etc etc...
Precisely. It’s incredible how so many Americans miss the forest for the trees on this topic. Enslavement of others is the end that unaffordable house prices are the means to.
My problem isn't the fact that home prices are inflated by 3-500%. It's the fact that absolutely NO ONE is doing a damn thing about it. I can't stand watching the news and hearing about how the economy is improving. Yeah, right. The economy is SO amazing I'll never be able to afford a home. Even if I could afford a home, I would end up being house poor. It's obscene and absolutely infuriating.
Economy/home buying have nothing to do with each other. The economy is the GPD, stock market and jobs reports. You and I are not involved in a good economy report. A good economic report means the rich are getting richer. No one gaf about working class.
My family has been inadequately housed in an rv for 4 years now. Weve been waiting for an affordable home but every time an affordable home coomes available, an investment firm buys the houses. We are running out of time. The rv is breaking down little by little. We need interest rates cut and we need to be able to compete somehow. All i can do is pray to God.
I thought I would be slick and I purchased a mobile home... 3 years later a corporation bought out the mobile home park... My rent has increased from the day of purchase... The day they signed the contract my rent went up $75... Every two years since it has gone up an additional $50. Living on a fixed income they are pricing me out of my home... They are such nice people that they will seize my mobile home within 30 days of delinquent payment and impounded... It cost over $5,000 to move the trailer and an additional 2000 to set it up. Bamboozled
My sister-in-law on a fixed income got evicted from her mobile home because she didn't pay her rent on time. The owner had the sheriff block her from going back into her home, and took control of her property. She couldn't move her home because it was too old and wouldn't have survived being moved. The owner is from Australia; she lives in Montana. The whole thing really pisses me off. It's ruined her life in many ways.
Omg. They can seize your home within 30 days of late payment?! 30 days?! 30 days is one bad flu, pneumonia, a short hospital stay, then recovery at home. So you get pneumonia once in your life and you lose your home and all of its contents. 30 days is criminal.
The fact that these companies r “targeting” certain groups of people; “white or black, affluent or poor” so they dont compete w/ each other, has to be breaking federal “equal opportunity for housing” laws. Whether ur a seller or landlord, there r discrimination laws which also include for service animals. Hope ironic that wall street can skirt around these laws. A federal lawsuit should be the next step as more and more people r becoming homeless bc of them.
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation*
Interesting, This is superb! Information, as a noob it gets quite difficult to handle all of this and staying informed is a major cause, how do you go about this are you a pro Investor?
I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.
We can do more than vote. The right action, even a singular one, can have an exponential effect, changing the next actions of others. We can unite against these issues. Talk about them and make each other aware and get involved in local politics.
This actually has a very simple legal/political solution - a complete ban on companies/firms owning houses. They shouldn't be allowed to buy family houses or even land where those houses stand (uless they are marked for demolition when I guess it would make sense for a company to buy that land but I think it should also come with multiple asterixes). It would help SOOO much and makes a lot of sense.
You could ban, but lots of smaller landlords and multi-unit buildings are run as LLCs or corporations. A limit on how many residences a corporation can own just creates a shitload of shell companies. Actual business structure really isn't the issue, landlords personally owning a shitload of properties in a town is similarly problematic. It's just too profitable at larger scales, and we have a very simple tool - taxes. First home, property tax is normal. Second home, 5% higher, 3rd 15% and so on until you get to like 15th home and there's no way they can afford to hang onto the property and are forced to sell. idk. I'm not an expert, but I'm glad this issue is being addressed because it's goddamn horrific.
@@jeromevorndran2124 don't overcomplicate things - I didn't say a "limit on how many residences a corp can own". I said a COMPLETE ban. They shouldn't even own one. Only a person should be able to buy a house. And if we want to limit the power of individual landlors, then we can discuss limits for how many houses a person can own. I think more than two is already too many for one person and should be banned as well. This would not fix the issue completely as landlords with large families would be able to buy houses under the names of their spouses/children, but with a limit of two, it would still help a lot and such legislation would force a lot of cheap sell outs of homes immediately after its effect.
My county is undergoing reassessment. In this year prices have jumped 100k over the average from 4 previous years. So my taxes will go up. Every month I get offers to buy my home and signs are posted at intersections offering quick settlement on home purchase. No one is building affordable homes.
The reason we cannot afford a house: 1. Out of control corrupt government spending devaluing the value of our money and savings. 2. Corrupt hedge funds buying up single family homes in mass. 3. Short term rental markets have expanded and driven prices up massively in tourist heavy markets. Private individuals are buying up homes and renting them out in mass. BRRRR method. Creating another residential Real-estate crisis I'm thankfully able to buy land and build my own house.
Property taxes should not be assessed to market value either. Do you know how high these pricks assess houses every year? 2-10%. Heck off with that. Near thousand increase in just 1 year 2022-2023 and you guys complain about why RENT is so HIGH? lmfao. Put 2 and 2 together. Fix your greedy af government first
Highly suggest looking into conservation easements and farm tax credits if they are available in your area. A common practice by these companies in my area is to buy surrounding properties above asking to drive up the local prices, then the tax appraiser will come 'round to inform you that the value of your land has tripled and so have your taxes, it's an unfortunate market-forcing tactic that I've seen them use to drive people out.
The house I grew-up in was $160,000 in 2009. Now the price is $490,000 Not to mention how rent increased from $600/month to $1300. Some people are just shameless. When they take opportunities away from people. In the name of money or pride.
The moment people decided that basic shelter is a form of long-term investment and not just, well, shelter, is the moment home ownership become an unattainable luxury as opposed to a basic human right. We build these highly speculative financial games on top of the existing real estate economy that let us profit from the housing market doing hot OR when it crashes, and it’s not clear why. Why shouldn’t shelter be exempt from these machinations? Can’t the gamblers of society be content with stocks, crypto, and other meaningless shit like NFTs? This isn’t even capitalism, it’s some form of financialization of the actual economy… Renting for a living is just an elaborate feudal wealth extraction scheme. A bank will refuse you a mortgage if you don’t have a down payment, but you could be paying the same amount as a mortgage in rent. Doesn’t that beg the question why you’re not just paying a mortgage? Why must I shell out half my wages every month to a landlord and be left owning nothing at the end of it? It’s one of the oldest ways the poor stay poor. There’s no reason that a home should be anything more than four walls and a roof, and cost the same amount that it cost to build it. Even land is abundant… Just look at the humongous stretch of uninhabited land between any US cities. The housing crisis is a result of artificial scarcity.
My bet, even worse is that these corporations will be unable to maintain these houses. American houses are easily damaged due to being built of non-durable materials. Drywall, fiberglass insulation, wood, don't stand up to water damage. So this can eventually yield an expensive to repair housing stock people won't be able to buy and then have to repair. However, this may also be a way to deconstruct the suburbs by creating the opportunity to broadly redesign and rebuild communities with integrated commercial, residential, and office building within walking or easy biking distance. It's an ill wind that blows no good.
That sounds likely, private companies preparing for a more dystopian look when the population growth is absurd and everything is commercialized and privately owned.
Most places don't allow anything other than low density single family homes, so wall street might just replace run down homes with new single family homes built as cheaply as possible. Sure, they won't last forever, but they'll definitely last till the end of the quarter, which is all that counts.
Riiiight, let’s build more humanoid-packed hellholes with constant noise pollution, crime and other urban virtues. These multi-unit boxes built from same material so you can hear your neighbors farting three floors away. What a nice way to spend the life.
Thanks to the 2008 crisis and the solution caused this problem. When the homes were re-sold after the foreclosures they were sold in 100 unit blocks Only corporate America could’ve bought them
In 1999, clinton signed the financial services modernization act. The republicans were pushing to allow the integration of commercial banking, financial services and insurance. You could go into your local branch for that type of service. The democrats wanted credit restrictions lifted for minorities so they could afford homes, this is where the 2008 crisis started to gestate. The adjustable rate mortgages were not only granted to minorities but also anyone else, the NINJA loan became common. And corporations saw this coming 8-9 years ahead of time. You can thank DC for the corporate home ownership mess of today.
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.
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.
Median household income to median home value ratio was lower in the 90's than it is today; 4.14 in the 90's to 5.6 now. It's not just interest rates, it's also home prices out pacing income.
No government around the capitalist world has put measures in place to protect its citizens, to allow them to get a home. Investors, are allowed to gobble up as many houses as they like, when we know there is a limited supply in every big city now. Land is finite. People numbers are expanding. It’s obvious a cap should be put in place to allow us to get a roof fairly, affordably. Life was not supposed to be a realistate game.
Why in hell would any private equity or large investors even be allowed legally to BUY SINGLE family homes?! The name alone should exclude all buyers EXCEPT single families!
"worse product at higher prices" is the private equity slogan
The only innovation capitalism creates are new ways of screwing over producers, workers and consumers
Hedge funds are even ruining local veterinarian practices. They’ll give a local vet owner like 1 mil upfront, then make all of the vets cram appointments and charge crazy amounts for prescriptions.
Agree 100%
@@danparish1344 Yep, here in Canada they've done all the dentists too.
I like how someone named it "enshittification."
Wall Street should not be allowed to do this. I get calls at least once a month from companies asking if I want to sell my house.
I get calls a few times a month and I don’t own a house 😂
I live in Europe and in my building there are sometimes leaflets encouraging selling the apartment. They are being put to every mailbox, for every apartment. The absolutely worst part those 'leaflets' are made to look like they are written by hand, sometimes they suggest, as they were made by some family looking for future home in this 'nice neighbourhood'. Absolutely disgusting...
Well, it is. And sorry to break it to you, but Wall Street makes all the rules in the US and cannot be challenged.
they are probably trying to get the whole neighborhood, then put a wall around it and say that all the houses are now worth 50% more....
@@denelson83go figure. A industry head worth billions getting told what to do by a government official who makes 200k a year. . . Doesn't compute.
“This country has socialism for the rich, rugged individualism for the poor." -Martin Luther King, Jr.
Still as true as ever today.
@@boyblue3270 what racism ? victim!!!
That is the third time I have seen this quote today. I wonder how we can get all this information in a broadcast takeover so everyone sees it all. everyone.
I like to use the term "corporate welfare"
Way to miss the point of the quote by not including the whole quote
"The fact that is the everybody in this country lives on welfare. Suburbia was built with federally subsidized credit. And highways that take our white brothers out to the suburbs were built with federally subsidized money to the tune of 90 percent. Everybody is on welfare in this country. The problem is that we all to often have socialism for the rich and rugged free enterprise capitalism for the poor. That’s the problem."
@@JesusChrist-qs8sx the point of the quote IS the socialism for the wealthy genius... why do you weirdos always try to change the meaning to YOUR benefit? Y'all do it with Christianity too.
It should be illegal for corporations to buy up single family homes, full stop.
End the zoning nonsense then
Agreed
ah but then you would be messing with the sacred cow that is the free market. Basically the arguement goes, that in trying to punish or curtail corporations from buying a property, you are infringing on the said property owners right of free association and right to conduct business with and sell to whoever he wishes to, be it a private individual or corporate entity. In all honesty, there really is no simple solution given your Constitutional Rights, especially since Corporation were granted personhood status in 1886 by the SCOTUS.
They tried this in the Netherlands. I think it ended up lowering housing prices by a small amount, but it made rents get more expensive.
so funny thing, this all happened because of deregulation of the financial industry that lead to the housing bubble in 2008. which directly lead us to our current situation.
Greed is not the desire for more, it's the desire for more at the expense of others.
What is mine is mine and what is yours is mine too.
@@kidcoyoteanarchy that's Adobe's ideal business model yes
Exactly! This country needs to start to comprehend this concept before it's too late
True. Mega-scale wealth has changed the very definition & nature of greed....
What is really beyond insane are the oligharchs whose objective is to quite literally own all land used for housing _AND_ all land used for food production, & eliminate all the banks so that only the federal reserve is left standing
_You will own nothing & be happy_ (or else what?)
Arrogance & grandiosity that exceeds the meaning of grandiose itself
This has gone beyond greed. Same families have been wealthy for hundreds of years, they've grown bored of being God. The focus has shifted away from them having more, to you having less.
This is where government should have stepped in a long time ago: single family homes are for single families ONLY - NO "investors"!
Oh, they have stepped in, it’s just that many on either side of the fence are profiting by it.
But they did. Reagan took away the restrictions, which is how we got to the "bubble pop" in 2008, followed by the same companies who told Reagan it was a good idea, buying all the properties up.
That is the dumbest shit I have heard today.
They have taken the silver. Now it's time they Take The Lead!
Yeah the government needs to limit the number of all buildings apartment buildings, "single family homes," etc. that any individual or business can own to a low number like 10 or less. Or maybe even 5 or less. I'd prefer the whole concept of "single family home" and especially the draconian "zoning", that's destroying America's young hardworking generations, go the way of the dinosaurs and everything become only and all about HOUSING the population in line with real wages and a genuine functioning housing market that is not controlled by horrible corrupt thieving speculators nimbies banksters and monopolists.
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.
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.
@@PatrickLloyd- Impressive can you share more info?
My CFA SOPHIE LYNN CARRABUS a renowned figure in her line of work. I recommend researching her credentials further... She has many years of experience and is a valuable resource for anyone looking to navigate the financial market..
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.
How are they not liable? Having to do repairs is nuts.
This is basically an Anthem of why the gov should have bailed out the homeowners and not the banks.
They are liable. Who's gonna sue them?
@@AkaiAzul it should not even be a civil matter.
Not the poor. So more profits can be extracted out of them@@AkaiAzul
but if they did that who would pay them off ?
@@obtuserubbergoose1933 Im not sure what that means
As a Canadian, the housing and health care crisis have me so disappointed and frustrated with all of our politicians. They do basically nothing, seeing these major problems develop over years. It's ridiculous.
The best description of the problem I’ve heard is that housing is a federal issue, but housing supply is mostly determined at the municipal and provincial level. So the incentive structure isn’t there to fix it.
A lot of folks downplay the role of advlsors until being burnt by their own emotions. I remember couple summers back, after my lengthy divorce, I needed a good boost to help my business stay afloat, hence I researched for licensed advisors and came across someone of utmost qualifications. She's helped grow my reserve notwithstanding inflation, from $275k to $850k.
How can one find a verifiable financial planner? I would not mind looking up the professional that helped you. I will be retiring in two years and I might need some management on my much larger portfolio. Don't want to take any chances.
Her name is Annette Christine Conte can't divulge much. Most likely, the internet should have her basic info, you can research if you like
Thank you for this Pointer. It was easy to find your handler, She seems very proficient and flexible. I booked a call session with her.
This should be federally illegal 😡
it was, till 2008
China: we told you so
@@Voidroamerfalse. REIT have been around for decades. The 2008 mortgage crash turned Wall Street heads to buying individual homes and bundling them into portfolios that are sold to individual investors, teachers unions and other institutional buyers.
Then who is going to sponsor the corrupt politicians?
Yep. Instead they bailed out the banks and the banks decided to screw the ppl to recoup and pad profits. Or at least, it seems.
The problem is that in order to have "permanent roof" with amenities like electricity, gas and water, either the tenant or the owner must somehow pay insurance and property taxes. As a result, a lot of people live in tents, at least in California, where I presently dwell. Not a single mortgage, tax, rent, or insurance. It amazes me how many folks I meet who tell me they live in their cars. This place is insane!
It's becoming more and more insane by the day. Mortgage rates have been rising steadily (already over 7%). I often wonder if I should put my extra money into the stock market and wait for a housing crash, or if I should just buy a house regardless.
Such concerns also come to me. After 50, I'm retiring early. I'm already concerned about the direction the future is taking, particularly with regard to finances and making ends meet. I'm thinking about investing in the stock market for the first time as well, but how can I accomplish so considering that the market has been in disarray for much of the year?
For my part, I can relate to that. My benefits were clear when I started working with a fiduciary financial counsellor. I would always suggest seeking expert assistance in these situations so they can guide you through bumpy markets and simply provide you with indicators and tactics for knowing when to enter and exit the market.
How can I reach this adviser of yours? because I'm seeking for a more effective investment approach on my savings
@@Aaronduckstein49 She sold me fentanyl and asked me for inappropriate photos,
And then they wonder why people aren't having kids. If you can't afford a home near a school or just a home in general then why even raise a kid? People associate owning a home and making a family as things that go hand in hand. Lots of people will refuse to start a family unless they have a stable home.
Especially women.
If you live in a red state, you had better hope for some real talented pullouts because after the elections Republicans will be trying to ban contraceptives. If they take power nationally they will make blue states do the same.
Which is the smart way to do it.
Already happening, the birthrates are falling.
@@connacht0076 yeah, get more people from the south border seems to be the way to go.
We need to push for legislation to address this. This is a bipartisan issue. We can get this done.
It IS important. It is not bipartisan.
The ultra-rich are able to push back _orders of magnitude_ harder.
@@denelson83 If we form large enough, not even they can lobby it out.
anything that makes the rich richer is bipartisan piggy bank to be guarded from the masses interference.
@@AwesomeHairo They have ways of dividing, even atomizing, the working class.
Property taxes should be escalating based on number of properties owned. Once you get over 2-3, the taxes should be so high that it's not worth buying more
I disagree with number of 2-3 houses, but agree with idea that property taxes should escalate the more property one owns
Yeah it makes perfect sense. and that's why captilists hate it they aren't driven by logic but by want.
A true Capitalist would know this hurts everybody in the long run, anyone defending Capitalism now either has thier head up thier bum or in the sand.
Great, now one mega corp has 10000 LLC's under them each owning 3 homes
I think that’s a great idea
San Jose's housing market during the past seven or eight years is unlike anything I've ever seen. In 2015, homes that were purchased for $130,000 are now selling for $590,000. I'm referring to little, filthy, shoddy 950-square-foot shit boxes in peaceful, average areas. Better, average-sized homes in better communities that were worth $300K+ ten years ago are now selling for $750K+. Crazy times.
Home prices will eventually decline, but for the time being, withdraw as much of your money as you can from the real estate market and invest in gold or the financial markets. In addition to the crisis and the fact that mortgage standards are becoming more complex, the new mortgage rates are outrageous. Before the market normalises, home values must drop by at least 40%, if not more. It is best to look for an impartial advisor with knowledge of the financial markets if you are at a crossroads or need honest advice on the best course of action right now.
It will take at least 40% (more like 50%) of home values to drop before the market returns to normal.Finding an impartial advisor with knowledge of the financial markets is the greatest course of action if you are at a crossroads or need honest advice on the best course of action right now.
Amazing, could you provide more details?
Of course, there are a few specialists in the area. I've tried a few over the years, but for the past five years or so, I've stayed with "Sharon Ann Meny," and her performances have always been outstanding.Look her up; she's well-known in her industry.
Many thanks for the suggestion. I found her online and emailed her since I needed this myself. I'm hoping for a prompt response from her.
I make 80k a year. I pay around 1/4 of that on debt. The median cost of a home in my area is 500k. Median rent is $2500 for a two bedroom. Forget buying, I can't even afford to live alone.
Yep. Same here. Finally made it out of poverty only to have 80k become the poverty line. . .
Why would you need two bedrooms to live alone?
@@AndyWarhole-w7q because one bedroom will be to sleep and the other one to study as living room is not for studying that is for watching football and having a beer but you don't see any problem with the pricing or that the vast majority of households are being owned by traders that brought the 2008 boom and then bought them? What a coincidence!!!
@@AndyWarhole-w7q1 bedroom homes are near unheard of and if you’re going to pay that much in interest it better be towards your family home
@@AndyWarhole-w7qyea why not just live in a cardboard box
Single FAMILY homes should only be available to FAMILIES. Not corporations that seek infinite profit off of the suffering of people. Once a corporation owns more than a few houses, raise the taxes on them drastically. How is it allowed for a corporation to own thousands of single family homes?
Should single people not have the right or freedom to have a home?
@@UnknownNev Don't be an idiot. You know very well what he meant.
@@UnknownNev you know what he means, he means that only real people should have homes
I agree. Where is the government - why is housing not regulated? Why is any of this allowed to happen?
(A: Greed.)
this is stupid. If only families can buy such homes, who is going to build new homes ? It is like the welfare receivers that get free houses and defecate inside them.
First it was predatory lending. Now it's predatory buying.
well stated !
Andrew Cuomo did that in HUD, ask Catherine Austin Fitts
Predatory renting.
'Predatory' is their modus operandi.
Well said!
Buying a home is challenging, especially if you're not paying in cash or avoiding a government loan. Even with just the minimum monthly payments on a 30-year mortgage, I’ll end up paying more than twice the value of my home. I was fortunate to buy before the market went wild, so I secured a good interest rate. I can't imagine trying to rent or buy in the current conditions.
I hope to own a home some day, not quite long I started investing. I'm very curious already and need help on how to enhance and increase my returns. Any good investment tips will be appreciated.
The enduring US stock market bull run evokes a mix of fear and excitement, presenting opportunities with insight, resulting in $780k gains in the past ten months, utilizing a portfolio advisor for a well-defined strategy.
How do I reach out to one? my assets have been struggling since 2022 and I’ve been holding on by the skin of my teeth.
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 ‘’Sonya Lee Mitchell” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Thank you for the lead. I searched her up, and I have sent her an email. I hope she gets back to me soon.
Corporations shouldn't be allowed to own single family homes in the first place.
I agree. That's what I want, but would any such legislation be constitutional? I don't know the answer.
How should a family afford paying all the taxes, building materials and land, when the government keeps raising its income throug
@@TheswedishDanetaxation is theft and a corporation buying you out of life and land is also theft
@@daveg5857The States are the ones that charter corporations. The best economy would be a free market. In a free market there are no corporations because the government doesn’t charter corporations in a free market.
Corporations have no rights. Only people have God given rights. Therefore corporations should not own land because they have no property rights.
It needs to be illegal for businesses to buy or own homes.
But it's illegal to be homeless....
This!!!
It should also be illegal to buy homes for short-term rentals.
maybe we shouldn't treat homes like a market to speculate on and/or reap profit from, but a thing people need when like... contributing to society or whatever. But what do I know, I just clean windows.
Change the word "buy" to "own." The base unit of the economy is the household.
To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.
Could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation, and I'm seeking a more lucrative investment strategy to effectively utilize them.
'Melissa Terri Swayne is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She's quite known in her field, look-her up.
Thank you for the information. I conducted my own research on google and your advisor appears to be highly skilled and knowledgeable. I've sent her an email and arranged a phone call.
It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.
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.
The new mortgage rates are crazy, add to that the recession and the fact that mortgage rules are getting more difficult, and home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes. For now, get your money (as much as you can) out of the housing market and get into the financial markets or gold. If you are at a cross roads or need honest advice on the best moves to take now, it is best to seek an independent advisor who knows about the financial markets.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
'Sharon Ann Meny' 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.
Thank you for the recommendation. I'll send her an email, and I hope I'm able to reach her.
This is horrific. Thank you for bringing attention to this crushing issue. The failure to regulate capitalism will cause its collapse.
Unsustainable Greed.
capitalism without regulation is just a road to tyranny where one entity owns everything, also known as a kingdom
Capitalism ended a few decades age. This is early stage socialism.
Precisely … citizens and small business regulated to death but large private equity firms do anything they want
@user-zu5do6ri6r nah, in socialist countries, we have laws to regulate this kind of behaviour.
We gave Wall Street money for failing just so they can resell us homes for more . Great system
It's great if you get be one the owners.
@@Praisethesunsonif your a private equity firm. Individuals not so much. People sell homes only to buy a new one that is much smaller, and firms also drive up property values which increase taxes and some people are forced to sell because they can't afford taxes.
#Bigfacts!!!!!!!!!
Who is wallstreet? That's how you know you're stupid. Try to answer that question and see if the same people that got bailed out 16 years ago are the same people who own Amherst (it's not).
Yes, the whole slogan "they're too big to fail!" as if the sun would stop rising in the East and setting in the West should those companies go bankrupt! They should fail and the pieces fall where they may, people will figure it out even if it's hard at first because the alternative was sacrificing the future which we are now experiencing
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.
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.
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.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’ Melissa Terri Swayne for about five years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
I am on her website doing my due diligence. She seems proficient. I wrote her an email and scheduled a phone call. Thanks for sharing
Spend your money wisely-invest in quality where it counts, for it often outlasts the cost of cheapness. Yet, remember that sometimes the simplest, least expensive option is the real gem in disguise.
Great advice and I live by it as well. I have wasted too much money and time on cheap garbage
I started my first job in 1985 and a few years later, I set the goal to have $1 million saved by the time I retired. I'm 3 years from retirement and hit that goal last year, but I now know I should have moved that goal post further out to $1.5 million or more.
I remember as a kid thinking millionaires were these people who lived like demi-gods among all us serfs. Now I am one and still don't feel any different from a serf.
@@ColoGamerproI would really love to know how much work you did to put in to get this stage
@@JessieeAlmarSteady progress! A solid strategy is crucial for growth and minimizing taxes. After six months of getting affiliated with Stephanie Janis Stiefel , l'm averaging 35k a week . It's not huge, but it eases financial stress. Best of luck on your journey!
@@ColoGamerproI know this FA, Stephanie Janis Stiefel but only by her reputation at Neuberger Berman
; even though she's now involved in managing portfolios and providing investmnt guidance to clients. I have been trying to get in contact since l watched her interview on WSJ last month.
I read in 2023 44% of single family homes were purchased by investors. This angered the hell out of me. Local and federal government need to step in.
There is no legal recourse for the people anymore. This is late stage capitalism, baby. They just want to make enough money to build a bunker to hide in while the rest of us live through the purge
So stop voting the party of asset-rich corporations (R).
Start by not voting for Trump or Kamala, both lackeys to Blackrock and Blackstone.
@@pjangels609Agreed. I’m voting RFK Jr. so there’s a chance of homes becoming affordable again.
Property taxes should not be assessed to market value. Do you know how high these pricks assess houses every year? 2-10%. Heck off with that.
Near thousand increase in just 1 year 2022-2023 and you guys complain about why RENT is so HIGH? lmfao. Put 2 and 2 together.
Fix your greedy af government first
Companies should not be allowed to buy homes.
My children are on their own. They are paying $2000 a month for a one bedroom apartment I hope things will change soon. Americans are getting
Fleeced
😂 have them live at home and bring your family together. Or let them rent till they die.
They should live with you. Like back in the day. It was normal back then.
Same but utilities are included. But it is still too high. It should be 1200 at most.
@@stevemuzak8526. So we are going backwards? Families dont always get along.
I bit the bullet and moved back in with my family for a couple years (and consider myself very lucky that I had the opportunity to do so), it takes communication and sacrifice of a few liberties but the ability to save that otherwise money sunk in rent is the only way I see to actually save enough for a down payment these days.
The housing issue is that bad. I'm 38, live and worked in California all my life, took a lot to finally save up enough for a decent house. Now I'm second-guessing my decision because home prices are even still higher than I budgeted, and there are rumors about a potential market crash. Now I'm wondering if I'd be better off putting my spare cash in stocks and waiting for home prices to drop, or just going ahead to buy a home now before prices even get worse.
Stocks can offer way higher returns in the short term, but it's also more volatile. If you feel confident in your ability to navigate the stock market then it might be a better option
Two years ago, I was in a similar situation and ultimately decided against buying a home since I was comfortable in my rented apartment... That turned out to be a great choice because now, I make close to 15 grand a month from stock investments I made then! If you have the time, I recommend making a thorough research on how to go about this process safely... Alternatively, consider working with an expert, like I eventually did, to help avoid costly mistakes, especially in the early stages... Good luck...
been considering going into this for sometime now. heard its a nice way to make some extra funds. how do you get a competent expert and how expensive are they
_king_james_23 You should begin by seeking out individuals with strong records... Also make sure the person is registered... Personally, I use Marie, Kelly Matwick. She's not so popular but you might have heard of her. And they're usually way cheaper than you would expect ...
@@devereauxjnr small world. met this lady at our country club weeks ago. had to go to her page to confirm that i wasn't mistaken. really small world
Hey now, isn’t it lovely knowing that Wall Street always wins. That makes me feel better to know that I have to pay more for everything from housing, gas, prescriptions, meat, internet, cable, streaming services, credit card rates and healthcare.
So happy that I can sacrifice for a couple dozen billionaires. Camel fits through the eye of the needle eventually.
Everything has a tipping point.
all you need to do is invest in those same companies and become a shareholder. That way you know your rent will come back to you in dividends. look up SRET.
Think Smarter. And by this you don't have to worry about the "cost of home ownership".
@@AwesomeHaironot this though. In 2008 even blackrock got a bailout. . .
Silly internet friend, just get a bigger needle! That’s what these people are doing by changing the rules as it applies to them. Then they muddy the waters and people move on because what can you do?
Marie Antoinette joined the chat:
@@WilcoxNotreallythere / No shit?
My grandmother lives in a starter home neighborhood from the 50s. The older people living there have been, for years, being forced out of their homes because taxes keep rising on them. When taxes rise, the corporate homebuyers come knocking, literally, door to door and buy up the neighborhood. My family and I moved in with my grandmother recently just so she wasn't forced to sell. Everything else around her is now rentals that are deteriorating yet somehow the property value on her house keeps climbing according to the town. It's sad.
'property value' is the tax base for the city, so why should it not keep rising regardless of market value.
Homeowners selling a home can also catch an attitude and say, we aren’t selling houses to corporations we will only sell our property to families who will keep it.
And renters can avoid leasing homes that are corporate owned
You won’t know this until you move in as the process is run by another company who deeply don’t care.
Homeowners will just sell to whoever can offer the most quickest, and that will be huge companies who have whole teams employed to select new houses and also near infinite funds to do so.
@@LiusilaAnd with a LLC title, are silent partners, hiding owners identity.
Exactly.
The effects of the downturn are beginning to sink in. People are being impacted by the long-term decline in property prices and the housing market. I recently sold my house in the Sacramento area, and I want to invest my lump-sum profit in the stock market before prices start to rise again. Is now the right moment to buy, or not?
Stocks with yields that outperform the market should be on your radar, as should shares that at least lag the market over the long term. But if you want a long-term strategy that works, I advise you to consult a broker or financial advisor.
Don't depend your market assessments and decisions on hearsay and rumors; I did it in 2020 and ended up with worthless market holdings. Before I started noticing any notable improvements in my portfolio, Helene and I had to completely rebuild it. I've been using the same advisor ever then, and in just two years I've scaled up to $876k. Depending on where you look, a bullish or down market might both produce good profits.
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?
Rebecca Nassar Dunne is the licensed advisor I use. Just search the name. You’d find necessary details to work with to set up an appointment.
I looked up her name online and found her page. I emailed and made an appointment to talk with her. Thanks for the tip.
We bailed out wall street from the housing crisis
They took our money and bought all the devalued homes and raised the price to rent the same properties that they caused home owners to default on ?
WTF?
🎯
They are SOCIOPATHS
Occupy Wall Street needs a part two...
Wont happen this year, TBH too much is riding on this election.. like the ability to have a peaceful protest.
But it needs to happen soon
💯
You just nailed it
they actually bailed out the poor home owners not the bank. The fact that the owner can simply go bankrupt and not payed to the bank the money she owns, is a loss. The state payed for all those millions who had the luxury to default on their homes, instead of paying what they signed that they will pay.
It's the same in Ireland. Foreign investment funds buying up new housing estates and apartment blocks in bulk to rent out at extortionate prices.
This needs to stop. Housing is a necessity not a commodity.
Yep. Unless we shake the government to actually pass laws that prevent corporations this will keep happening. We need to organise in communities and press for change.
COVID was the largest wealth transfer in history, funds will dry up as carrying costs don't keep up with the revenues.
Read Henry George, support LVT, used to be called the Single-Tax.
All schemes will fail, only LVT can fix this issue at the core.
Do you find it odd that there's no room in Ireland for Irish homebuyers on Irish incomes, but there IS room for 2 million foreign poor people by 2040?
Exorbitant **
Because so many people overpaid for homes even while loan rates were low, I believe there will be a housing catastrophe because these people are in debt. If housing costs continue to drop and, for whatever reason, they can no longer afford the property and it goes into foreclosure, they have no equity since, even if they try to sell, they will not make any money. I believe that many individuals will experience this, especially given the impending mass layoffs and rapidly rising living expenses.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
You're correct! With the help of an investment coach, I was able to diversify my 450K portfolio across markets and produce slightly more than $830K in net profit from high dividend yield equities, ETFs, and bonds.
Would you mind providing details on the advisor who helped you?
Aileen Gertrude Tippy’’ is her name. She is regarded as a genius in her area and works for Empower Financial Services. She’s quite known in her field, look-her up.
This reference seems valid.. Just looked up her full name on my browser and found her webpage without sweat, over 15 years of experience is certainly striking! very much appreciate this.
I think it's time to make it more appealing for potential buyers. Real estate can be quite the rollercoaster! the stress and uncertainty are getting to me. I think I'll cut rents to attract potential buyers and exit the market, but i'm at crossroads if to allocate the entire $680k liquidity value to my stock portfolio?
"Overall, buyers hold a lot of the cards right now, and sellers are having to give out more concessions to close a deal." All the best, buying on sale is actually one of the best ways to invest in stocks, and advisors are ideally suited for such task
Until the Fed clamps down even further I think we're going to see hysteria due to rampant inflation. If you are in cross roads or need sincere advise on the best moves to take now with financial markets will be best you seek a fin-professional with fiduciary responsibilities who knows about mortgage-backed securities for proper guidance.
@@lilyhershey1 That does make a lot of sense, unlike us, you seem to have the Market figured out. Who is this consultant?
"Izella Annette Anderson" 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
Insightful... I was curious about her, so I looked her up online. I discovered her website, and I must say that she seems knowledgeable. I sent her an email outlining my goals. I appreciate you sharing.
This only gets worse. If you dont own a home now, you will never own a home unless you are given one via inheritance. Greed IS America.
From Day One, greed is America.
So we are just like thecrest of the world now.
that's the exact reason I went ahead and bought a house this year. Freinds and family said I was crazy but I saw the future coming.
@@thanosianthemadtitanic you bought at the top of a housing bubble. Should've waited.
@@user-zu5do6ri6rHave you even traveled? I have the privilege to have travel and worked with people of many other countries, and is not even close. The insane level of materialism. The hunger for more and more money no matter what is definitely not as present in other cultures. We have a great nation, one of the very best, but "enough" is not on our dictionary. We charge for health, we charge for education, and we would charge for oxygen if we could. Oh and we would keep raising the prices on it, to sustain the desire for infinite growth.
We have to organize ourselves because our government representatives could give a damn. We are out here fighting massive corporations while simultaneously being told to pull ourselves up by our boot straps. This is a bunch of BS.
I live in Texas and it is bad. Abbott is only in it for himself and he needs to be removed.
Ef them and there bootstraps.
It’s near time that people organize to fight. Plan. Organize. Train. Prepare. Fight. Repeat.
Civil respectful peaceful resolutions will not work. They only communicate in the languages of money and violence. Let’s become multilingual.
There is no democratic solution.
The only way to get positive change and regulation in America is to do what Luigi did. 🤷
Glad someone is finally talking about this. I have seen this personally legislation needs to be placed to stop it from happening.
Y'all, this video hits HARD. I've been saving for years, finally got my emergency fund sitting at $143k (yes, extra ‘k’ for the flex). Now I’m itching to jump into investing but still clueless about where to start. Stocks? Real estate? Crypto?? Or should I just buy a lifetime supply of avocados since apparently, that’s why I can’t afford a house anyway. 😂 Suggestions welcome
First off, congrats on stacking $143k! That’s impressive. But before diving in headfirst, consider sitting down with a financial advisor. Trust me, I did, and it changed the game for me. No shame in getting expert help-your future self will thank you.
Totally feeling you both! I’ve been stuck in the ‘where do I even start?’ phase for months. An investment advisor sounds like the move, but honestly, I have no idea where to find a good one. Any tips on this?
There are a handful of CFAs. I've experimented with a few over the past years, but I've stuck with Linda Aretha Reeves for some years now, and her performance has been consistently impressive. She’s known in her field-look her up.
Looked her up, and wow, she seems like exactly what I’ve been searching for. Definitely going to reach out. Thanks for the recommendation!
"Funny enough, I watched Linda Aretha Reeves at the Bloomberg Finance Summit about four years ago, and her presentation was stellar. Definitely a top-tier expert!"
I have said this. That apartments and houses are not rented homes but more like a storage unit for humans with limitations on how many guests you can have and when if you can have pets or kids. Even how many guests you may have and how often. That's not a home. It's a storage unit for humans
For instance charging for visitors parking, which was free when we first moved in 2014 in Ontario, Canada
It seems like billionaires are always the bad guys, because they are.
An employer who refuses to employ an unemployed breadwinner is guilty of attempted MURDER.
These are socialist talking points. They never get down to the real reasons. Between NIBY’s, agreeable people, immigration, 2008 crash, less marriages, foreign buyers, inflation, and then Wall Street as being the reason for the cost of housing. I don’t like people being manipulating into believing the rich is the only reason they are poor.
Anyone who "needs" a billion dollars is always a bad person. You don't want for that much without there being something fundamentally wrong with you (yes, that includes you, person reading this comment who dreams of being a billionaire)
@@kaijuultimax9407 So if you own a company and it increases in value to a billion dollars, you magically become a bad person? Why is a billion dollars the magic number and does this number have to be liquid or just net worth?
@@NitroscionI have worked closely with many wealthy people in my day, and I can say without a singular doubt that the vast majority of them are sadists and sociopaths. Not ALL, but most. And those were just millionaires. OP is right.
Please promote this on social so we can amplify the message!!
They have a twitter yo.
Unfortunately the vast majority of Americans - even those affected by this will defend the right to make a business out of everything and charge as much as possible, and will call any one who opposed this a member or believer of one of the "isms".
America, profit over people. Housing, health insurance the list goes on. All by design
I am sooooooooo tired of this fuckn country. I am so exhausted at all the challenges we MUST hurdle JUST TO SURVIVE. something MUST change
@@mattdelany6799 Explain how the OP is entitled, please.
@@mattdelany6799 Hmm, you are correct as far as legal doctrine goes. From a moral, humanitarian standpoint I argue housing is a right. I sincerely hope I never get sick and struggle to pay my mortgage/rent. I hope you don't either.
@@mattdelany6799 lmfao
@@mattdelany6799"All problems are personal, never question the power in place, be a good little soldier".
Maybe Americans should stop voting Republican't and Devilcrat, that sell out to lobbyists and corporations.
I say it's high time we change American corporate laws. Here is a message from history ..."I see in the near future a crisis approaching that unnerves me and causes me to tremble for the safety of my country... corporations have been enthroned and an era of corruption in high places will follow, and the money power of the country will endeavor to prolong its reign by working upon the prejudices of the people until all wealth is aggregated in a few hands and the Republic is destroyed"... Abraham Lincoln (1809-1865)
Happening now.
I hate to be the bearer of bad news, but there are no primary sources of Lincoln saying that. There are plenty of presidents who rightfully criticized corporations (The Roosevelts come to mind.), but Lincoln himself barely dealt with business.
Americans are facing a tough time with their finances, especially concerning housing affordability and retirement savings.
Yeah, it's a real struggle. With the rising housing prices and stagnant wages, it's becoming increasingly difficult for many to afford homes, let alone save for retirement.
It's a vicious cycle. If people can't afford homes, they might delay retirement savings, but if they focus solely on saving for retirement without considering their housing situation, they might miss out on potential investment opportunities.
I'm getting worried about the rising housing prices. It seems like it's becoming harder to afford a home these days.
Absolutely. And with the fear of not being able to retire comfortably, people might be tempted to make risky investments or neglect proper financial planning, which could spell trouble for their portfolios in the long run.
It's crucial for individuals to diversify their portfolios, seek professional financial advice, and stay informed about market trends to navigate these challenges effectively.
In 2008 the US basically shut down Wall St from buying/selling/trading/leveraging the mortgages...so here we are in 2023-2024 and they said "F it, we'll just buy all the houses then instead"
Always looking for ways around laws.
They still allow them to buy mortgage backed securities. They just call them by a different name - CLOs. Nothing has changed.
Remember, the same people who jumped out of windows when stocks were crashing are the same pieces of garbage now playing with your homes, either you take action or you just allow them to keep screwing you over.
It's only going to get worse. The government will run defense for these private equity pirates again and again.
Disgusting a woman spent 25k fixing issues with the house and after she brought it out they want to give her 2k and evict her. She needs to sue the heck out of them and demand full refund. Its not her responsibility to fix the house. These corporations are privatizing the profits and socializing the cost. Also the US allows anyone across the world to buy property here. Countries like Thailand have tough restrictions which is why its affordable there. America needs to learn but our politicians are corrupted.
My gf and I live in an old small house we can barely afford. It has lots of issues that I fix because I can. Lord of the Land says we're on our own. Don't bother him. Don't like it? tough shit, then leave. "The price is under market". We had to pay to have the heater fixed, and an electrical issue. We had to buy a (used) stove, and refrigerator. I have spent a couple hundred hours fixing and upgrading things. If he decides to sell, we are screwed.
@@jamespppyacek342 That is crazy man. Renting a place but need to pay for the repairs as if you own the house. This country need to put in laws to make that illegal. Landlord owns the place so they need to be responsible for repairs.
People complain about big government, but this is the type of situation that a local housing agency exists. Of course if a renter complains, they will get evicted soon after.
She absolutely needs to sue for the $25K to make herself somewhat whole. This is gross.
@easy288 Big government keeps us from dealing with the landlord the propper way.
When I was in South Korea, if anyone owned more than one home their taxes increased SIGNIFICANTLY. This was to prevent a bunch of rich people from buying up all the property and charging extortionate amounts. The same policies HAVE to implemented in the US and other countries.
This shouldn't be allowed to exist
That is one reason I moved out of the US! I am in a small village in a small country in Europe. I have have a duplex to myself and my cat (on a 28000sq.ft land trees all around me, no neighbors. I pay $165.00/month, (started at $50.00/month), $32.00/month for health care, $16.00/month for Internet and about $10.00/ month for an 11KG Propane/Butane container. Electricity is paid by the owner.
My retirement is only $1165.00/month and I save some of it every month!
Tell me you could do that in the US!
which country, which village? Sounds interesting
@@frostykeys4469
Hungary!
Most young people understand and speak English or German.
I only recommend the extreme west side of this country! (and only certain cities.) I get to go to Austria about 3-4 times a week.
Where are you located? I get similar amount for Social Security and I can't afford to live month to month. I am seriously considering leaving the US for somewhere cheaper. I admit that I have no idea how to do that. Please just a little more specificity as to what country or what I can do to investigate this. Thanks 😊
Italy, correct? Terrible cuisine! If you've had one noodle, you've had them all. You couldn't pay me to live there. 🤮
why are you exploiting those people ? what right do you have to a house, instead of one of the locals ?
I predict a housing crash due to people buying homes over asking price, lacking equity if prices decline further. Foreclosure becomes likely if they can't afford the house, and selling won't yield profits. With anticipated layoffs and rising living costs, many individuals may face this situation.
I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too
You are right! I’ve diversified my portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.
Do you mind sharing info on the adviser who assisted you?
“Rebecca Nassar Dunne” is who i work with and she is a hot topic even among financial elitist in California. Just browse, you’d find her, thank me later.
Thanks for sharing, i did a quick search and found her web page, i hope she responds to my mail soon
Thank you for focusing on this!! It’s a widespread problem. It’s happening worldwide.
Every day i wonder what the last straw will be
Honestly I think it came a decade ago. We have no course of action.
Most Americans are complacent, media, video games, and social media keep people diluted from coordinating against the control
THIS ! this IS the last straw 🤔😤😠
no
One that renders life sufficiently unbearable for a large enough proportion of Americans that they deem the worst-case consequences of a bloody revolt (e.g., prison or death) preferable to the status quo.
“We value money not people” well said
As an investor, all maintenance is a write off or tax deduction, as are real estate taxes. What normal wage earner can compete with that kind of stacked deck?
Housing should not be a for profit industry. Period.
Agreed, it's a cultural shift. People use to build a modest home and pass it down to their kids. Your home wasn't a way to make money - it was meant for your kids to have something. We turned housing into just another commodity.
Capping rent increases is great, but it doesn't stop landlords from issuing no fault evictions and jacking the rent up well beyond %5. When will the madness end?
Capping rent increases is a duct tape over the gaping line break pouring out raw sewage. The monopolies need to be destroyed
First you cap rent increases, then you focus on unjust evictions. Like everything else, it's going to be a process of clawing back power from the ultra wealthy.
Price caps do not work lmao
And then requiring you to live with nonstop problems costing you even more money like roof problems and bad insulation then requiring you to work as their personal landscaper and exterminator.
Here in Canada we have rental caps, if I am not mistaken in my home Province, the max a landlord be they private individuals or corporations can raise you annual rent is 3.5%, so if you are paying C$2000 per month for a one year lease, they can only raise it by C$70 per month to C$2070. It should be noted that the cap was raised from 1.5% in 2023 to 3.5% in 2024, a 2% increase.
However, there have been some rather distrubing developments within the rental markets in Canada. Firstly there is an ongoing and cronic shortage of rental units right across the country, causing the cost of rents to skyrocket to where many working people are having a hard time covering their rents despite working full time. This has also lead to corporations snapping up rental housing, either single family homes or apartments from independent owners and basically cornering the market.
I mentioned that annual rent increases in Canada are capped, which mean meaning rental unit that are occupied by long term tenets are often paying well below market prices. The rental corporation of course want to get ride of these tenets so they can rent out their units to a person who will pay more money. But in order to evict these long term tenets, they need a just cause.
And this is where the recent renoviction craze comes in. Landlords can evict a tenet in order "renovate and update" their rental unit without having to allow said tenet back in at the same old rental rate. Once these "renovationos and updates" are completed, the landlord is now free to rent out the unit for whatever the market will bare.
And those "renovations and updates" can be as simple as slapping on a fresh coat of paint or just installing a new towel rail in the bathroom. Not sure what the answer is to be honest, but it does appear that renter in both the US and Canada are getting royally screwed over.
Corporations shouldn't have any rights at all
Sorry, but since 1886, Corporations in the US have been granted personhood status by the SCOTUS, though challenged numberous times, each time that status has been upheld. There for Corporation are granted the full range of rights and freedoms as any individual US citizen.
Maybe everyone should just stop paying anything. Imagine if everyone just said, “Im done.”
Corporations should be required to pay taxes.
@@gumpyoldbugger6944 that's causing too many problems. Corporations never do the right thing.
@Jason-ml3vs corporations would start acknowledging where are the money comes from
In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.
Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.
I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than $600k within just a year, and I've entrusted my advisor with the task of determining entry and exit points.
@@hunter-bourke21bravo! I appreciate the implementation of ideas and strategies that result to unmeasurable progress, thus the search for a reputable advisor, mind sharing info of this person guiding you please?
Certainly, I am still working with *Izella Annette Anderson* and the beauty of it is her expertise extends to various aspects of financial advisory, including stocks. She has skillfully constructed a diversified portfolio for me, capable of withstanding inflation and outperforming the S&P500.
Thanks for sharing, I just looked her up on the web and I would say she really has an impressive background in investing. I will write her an e-mail shortly.
This has happened in the past 5 years. The government needs to do something about this
They did. They are all in it
I watched it all happen while I was in college. Lobbying is one hell of a drug. I work in banking, Zillow and these other companies that meddle with pricing and market research are the biggest issue. Redfin would use their estimates to devalue, then purchase, overvalue, and sell homes. This type of corporate house flipping should be illegal.
@@whatevsimbulletproofyup, both aides
@@trvst5938 that's horrible, absolutely horrible.
You may have missed the part in the video where one side IS trying to do something about it. The other side is doing everything they can to stymie those efforts. Unfortunately, the majority of Americans (and a good fraction of the commenters here) continue to believe that this is GOOD for them and don't want the government to do something about it.
Corporations have too many rights and no responsibility
Let's start with the government being restricted by the Constitution and then go from there.
All thanks to the Republicans
@@carnivorous_vegan Let's not turn this into the false dichotomy of left vs right. People made bad decisions, now we have to deal with the repercussions and find a way to solve it.
@@mpclepto182 I agree, but the problem is Republicans don't want to deal with repercussions or find solutions. They have consistently shown this.
How about the two privately owned home on my block that the owners won’t rent or sell that sit vacant. One for the entire 17 years I’ve lived at my home. The world is in its final rotation before it goes down the toilet bowl
Probably because individuals have what's known as property rights. As long as you don't break laws or local ordnances while doing so and pay the higher taxes generally associated with owning multiple properties, you can do with them whatever you wish.
Obviously my point soared over your head like a plane. Most people are self centered fucks, why do you think there is a housing crisis!?!?
In the Netherlands there are laws requiring that you have any home you own be occupied and if it sits empty beyond a certain period you pay much higher taxes on it, and eventually can lose ownership of it. Houses are meant to be lived in, and if you're sitting on it waiting to use it as a financial token while working class people can't afford to live, then i can't say what should happen on this platform.
Another problem with houses standing empty is that they are seldom maintained and lose value, sometimes 100% of their value. That is a loss to society. So that law in the Netherlands makes sense. Yes, you can leave a house standing empty, but if you are rich enough to do that, I guess you are rich enough to pay extra tax on it!
Why doesnt she sue them? Does the contract she signed say they aren’t responsible for fixing things and its the responsibility of the renters?
Subscription services are also renting. So remember that signing a contract is just a lease and debt is basically modern morgaging
It's funny you mention subscriptions... we're losing the concept of ownership. It's pay to play with everything from movies, to features your car already has, but you have to pay to use. It's only going to get weirder...
@@voodooladyink6869 well wanna use my phd in philosophy the humans body is a subscription. you gotta pay to feed water and entertain it on a day weekly and monthly base
@voodooladyink6869 the end of the world as we know it is coming, and fast, add more technology and AI as well to the subscription mentality
I've been working fulltime for 18 years and I cannot afford to live on my own, let alone own a home...
The American dream!
Good for you
so do the vast majority of people, you are not special
Its not just hedge funds, its airbnb/vrno, the lack of new construction, and the lack of blue collar workers able to build new houses.
Plus cost of zoning, land, hooking up utilities, and inflated materials cost. I sell roofs for a living and the cost of roofing materials has gone up 20% this year. That's a real inflation rate that unfortunately we had to pass along to the customer....
@@rorycolganYes but in you case Sir you are doing what have to do in order to keep your business afloat. The problem is that we now have either small time house flippers or "entrepreneurs" as they call themselves or big corporations like the ones listed on the video, who do nothing or barely anything to the properties and "flip" them for insane prices. Unlike you, they don't lift a finger, plus they don't feel bad or have a conscience and are completely ok with forcing millions of hard working Americans to either ruin their lives by paying insane prices for properties or become permanent renters for incredibly high rates as well.
They are building new homes here like crazy, supposed to help out the housing crisis but they all are 500,000 or higher. That's way to high
Oh ya and houses are built like crap
@nickolasdugginsjr7523 same here, can't go 5 miles in any direction without a new subdivision, apartment complex or warehouse being built. The "new houses" are made of the thinest, flimsiest materials they can find. Even if someone bought one it's not designed to outlast it's mortgage, they'd likely have to refinance around the 20ish year mark for remodeling. Also they're selling people the house but they never said anything about the tiny shred of land it sits on.
I remember in 2017 when I was working in real estate seeing people buy homes new from builders with the intention of selling before close of escrow to a new buyer for profit. The crash was so brutal and fast that I remember seeing a lot of these units foreclosed on with the builder plastic still on the carpet.
I get where you're coming from with the real estate crash, but I really think stock investment is a better option right now. With the guidance of a financial adviser, you can navigate the stock market effectively and find opportunities for growth that real estate just can’t match at the moment. Stocks offer higher liquidity, flexibility, and the potential for better returns, especially if you’re strategic about it. It’s all about making informed decisions and adapting to the current market conditions!
That is very correct. Having the right financial expert is invaluable. My portfolio is well matched for every season of the market and recently it has hit 80% rise from early last year. I and my CFP are aiming for a 6 figure ballpark goal.
Could you kindly elaborate on the advisor's background and qualifications?
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 ‘’Judith B Richards’’ for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
Landlords live off their occupants labor. They provide nothing while they leach from society. Shelter is a human necessity. They’ve capitalized and captured this necessity for their personal gain.
Exactly. Renting used to be a mean for a "secondary" revenue source. Now landlords and house flippers are an insanely profitable "career" they can be as lazy and greedy as they can be and constantly be rewarded for it
Landlords supply accomodation in exchange for money. Just like so many many many many other transactions in the world. Money in exchange for goods or services.
Why is accomodation a human right? (A "right" is anything humans allow to freely happen)? And what standard of accomodation is acceptable? Who decides that standard? We don't A L L want the same standard. We don't A L L need the same standard. Over time our wants and needs change. Some people don't know what they want or need. Etc etc etc...
Precisely. It’s incredible how so many Americans miss the forest for the trees on this topic. Enslavement of others is the end that unaffordable house prices are the means to.
Goes hand in hand with their nature, to leach from the society that they inhabit.
they provide housing. Go and live on the street, if you do not want to pay rent.
My problem isn't the fact that home prices are inflated by 3-500%. It's the fact that absolutely NO ONE is doing a damn thing about it. I can't stand watching the news and hearing about how the economy is improving.
Yeah, right. The economy is SO amazing I'll never be able to afford a home. Even if I could afford a home, I would end up being house poor. It's obscene and absolutely infuriating.
Economy/home buying have nothing to do with each other. The economy is the GPD, stock market and jobs reports. You and I are not involved in a good economy report. A good economic report means the rich are getting richer. No one gaf about working class.
who should be doing something about it ? Sir, are you going to give free money to another person, so that she can buy a house ?
And now people are living miserably with multiple roommates, just to gave a roof over their heads...
Now some cities are not allowing more than 3 people to a unit. I swear they want us all homeless!
@aw3583 this is all by design
My family has been inadequately housed in an rv for 4 years now. Weve been waiting for an affordable home but every time an affordable home coomes available, an investment firm buys the houses. We are running out of time. The rv is breaking down little by little. We need interest rates cut and we need to be able to compete somehow. All i can do is pray to God.
I thought I would be slick and I purchased a mobile home... 3 years later a corporation bought out the mobile home park... My rent has increased from the day of purchase... The day they signed the contract my rent went up $75... Every two years since it has gone up an additional $50. Living on a fixed income they are pricing me out of my home... They are such nice people that they will seize my mobile home within 30 days of delinquent payment and impounded... It cost over $5,000 to move the trailer and an additional 2000 to set it up. Bamboozled
smh I saw a guy buy his own land to build a trailer on and the state tried to take that from him too over some bullcrap bureaucratic hoopla
My sister-in-law on a fixed income got evicted from her mobile home because she didn't pay her rent on time. The owner had the sheriff block her from going back into her home, and took control of her property. She couldn't move her home because it was too old and wouldn't have survived being moved. The owner is from Australia; she lives in Montana. The whole thing really pisses me off. It's ruined her life in many ways.
@@bossanova88 pisses me off also
Omg. They can seize your home within 30 days of late payment?! 30 days?! 30 days is one bad flu, pneumonia, a short hospital stay, then recovery at home. So you get pneumonia once in your life and you lose your home and all of its contents. 30 days is criminal.
Get a roommate to cover the rent. Save every penny toward land.
The fact that these companies r “targeting” certain groups of people; “white or black, affluent or poor” so they dont compete w/ each other, has to be breaking federal “equal opportunity for housing” laws. Whether ur a seller or landlord, there r discrimination laws which also include for service animals. Hope ironic that wall street can skirt around these laws. A federal lawsuit should be the next step as more and more people r becoming homeless bc of them.
*If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation*
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I feel Investors should exercise caution with their exposure and.exercise caution when considering new investments, particularly during periods of inflation. It is advisable to seek guidance from a professional or a licensed expert in order to navigate this recession and achieve potential high yields
Prioritizing effective personal finance management holds greater significance than the sheer amount saved, irrespective of income source. Consulting a certified financial advisor can offer tailored strategies to optimize financial results by reducing expenses and enhancing income, regardless of whether it's earned through employment or investments.
Brian Humphery Services was my hope during the 'bear summer' last year. I made so many mistakes but also learned so much from it, and of course from Brian.
He is really a good investment advisor. Was privileged to attend some of his seminars.that's how I started my own crypto investment
Thank you for the great report. Great to see people paying attention to the real reason for this hiding bubble.
The new slum lords
We can do more than vote.
The right action, even a singular one, can have an exponential effect, changing the next actions of others.
We can unite against these issues. Talk about them and make each other aware and get involved in local politics.
Voting doesn't fix anything. We have a lot more work to do.
This actually has a very simple legal/political solution - a complete ban on companies/firms owning houses. They shouldn't be allowed to buy family houses or even land where those houses stand (uless they are marked for demolition when I guess it would make sense for a company to buy that land but I think it should also come with multiple asterixes). It would help SOOO much and makes a lot of sense.
Especially after we bailed them out in 2008. Stop corporate welfare, NOW!
You could ban, but lots of smaller landlords and multi-unit buildings are run as LLCs or corporations. A limit on how many residences a corporation can own just creates a shitload of shell companies. Actual business structure really isn't the issue, landlords personally owning a shitload of properties in a town is similarly problematic. It's just too profitable at larger scales, and we have a very simple tool - taxes. First home, property tax is normal. Second home, 5% higher, 3rd 15% and so on until you get to like 15th home and there's no way they can afford to hang onto the property and are forced to sell.
idk. I'm not an expert, but I'm glad this issue is being addressed because it's goddamn horrific.
@@jeromevorndran2124 don't overcomplicate things - I didn't say a "limit on how many residences a corp can own". I said a COMPLETE ban. They shouldn't even own one. Only a person should be able to buy a house. And if we want to limit the power of individual landlors, then we can discuss limits for how many houses a person can own. I think more than two is already too many for one person and should be banned as well. This would not fix the issue completely as landlords with large families would be able to buy houses under the names of their spouses/children, but with a limit of two, it would still help a lot and such legislation would force a lot of cheap sell outs of homes immediately after its effect.
@@LelekPLNyall seem to br forgetting the only real issue is demand lol, unironically build more housing and end shitty ass zoning
@@ddurlon there are more vaccant homes than homeless people. Demand is not an issue. Housing shouldn't be a business - it should be a right.
My county is undergoing reassessment. In this year prices have jumped 100k over the average from 4 previous years. So my taxes will go up. Every month I get offers to buy my home and signs are posted at intersections offering quick settlement on home purchase. No one is building affordable homes.
private property shall not be owned by corporate companies. redistribute homes and wealth
The reason we cannot afford a house:
1. Out of control corrupt government spending devaluing the value of our money and savings.
2. Corrupt hedge funds buying up single family homes in mass.
3. Short term rental markets have expanded and driven prices up massively in tourist heavy markets.
Private individuals are buying up homes and renting them out in mass. BRRRR method. Creating another residential Real-estate crisis
I'm thankfully able to buy land and build my own house.
Property taxes should not be assessed to market value either. Do you know how high these pricks assess houses every year? 2-10%. Heck off with that.
Near thousand increase in just 1 year 2022-2023 and you guys complain about why RENT is so HIGH? lmfao. Put 2 and 2 together.
Fix your greedy af government first
Even that’s costly - including in time. Then there are countries where land ownership is not even an option.
Highly suggest looking into conservation easements and farm tax credits if they are available in your area. A common practice by these companies in my area is to buy surrounding properties above asking to drive up the local prices, then the tax appraiser will come 'round to inform you that the value of your land has tripled and so have your taxes, it's an unfortunate market-forcing tactic that I've seen them use to drive people out.
@@getinthespace7715 Trump increased national debt by 8.4 TRILLION with his tax cuts for his rich buds. When they don't pay, you do.
The house I grew-up in was $160,000 in 2009. Now the price is $490,000
Not to mention how rent increased from $600/month to $1300.
Some people are just shameless. When they take opportunities away from people. In the name of money or pride.
Wow, these people are destroying this country.
The moment people decided that basic shelter is a form of long-term investment and not just, well, shelter, is the moment home ownership become an unattainable luxury as opposed to a basic human right. We build these highly speculative financial games on top of the existing real estate economy that let us profit from the housing market doing hot OR when it crashes, and it’s not clear why. Why shouldn’t shelter be exempt from these machinations? Can’t the gamblers of society be content with stocks, crypto, and other meaningless shit like NFTs? This isn’t even capitalism, it’s some form of financialization of the actual economy…
Renting for a living is just an elaborate feudal wealth extraction scheme. A bank will refuse you a mortgage if you don’t have a down payment, but you could be paying the same amount as a mortgage in rent. Doesn’t that beg the question why you’re not just paying a mortgage? Why must I shell out half my wages every month to a landlord and be left owning nothing at the end of it? It’s one of the oldest ways the poor stay poor.
There’s no reason that a home should be anything more than four walls and a roof, and cost the same amount that it cost to build it. Even land is abundant… Just look at the humongous stretch of uninhabited land between any US cities. The housing crisis is a result of artificial scarcity.
Houses have gone up 200-300% in the last 3 years where i live.
Yeah they have about doubled in price, and home insurance is harder to get/more expensive.
My bet, even worse is that these corporations will be unable to maintain these houses. American houses are easily damaged due to being built of non-durable materials. Drywall, fiberglass insulation, wood, don't stand up to water damage. So this can eventually yield an expensive to repair housing stock people won't be able to buy and then have to repair.
However, this may also be a way to deconstruct the suburbs by creating the opportunity to broadly redesign and rebuild communities with integrated commercial, residential, and office building within walking or easy biking distance.
It's an ill wind that blows no good.
That sounds likely, private companies preparing for a more dystopian look when the population growth is absurd and everything is commercialized and privately owned.
>It's an ill wind that blows no good.
It's a horrendously bad-smelling fart.
Most places don't allow anything other than low density single family homes, so wall street might just replace run down homes with new single family homes built as cheaply as possible. Sure, they won't last forever, but they'll definitely last till the end of the quarter, which is all that counts.
Riiiight, let’s build more humanoid-packed hellholes with constant noise pollution, crime and other urban virtues.
These multi-unit boxes built from same material so you can hear your neighbors farting three floors away. What a nice way to spend the life.
“We value money now” that is exactly right, and it’s unfortunate. Good information on the housing/rental market.
Thanks to the 2008 crisis and the solution caused this problem. When the homes were re-sold after the foreclosures they were sold in 100 unit blocks Only corporate America could’ve bought them
@@Puzekat2 Exactly. All those low cost homes were reserved for Wall Street. I could not find one to buy. Not one. But I could see them.
In 1999, clinton signed the financial services modernization act. The republicans were pushing to allow the integration of commercial banking, financial services and insurance. You could go into your local branch for that type of service. The democrats wanted credit restrictions lifted for minorities so they could afford homes, this is where the 2008 crisis started to gestate. The adjustable rate mortgages were not only granted to minorities but also anyone else, the NINJA loan became common. And corporations saw this coming 8-9 years ahead of time. You can thank DC for the corporate home ownership mess of today.
Real estate should never be a business and the government can stop it. Useless people in power.
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.
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.
I will be happy getting assistance and glad to get the help of one, but just how can one spot a reputable one?
She appears to be well-educated and well-read. I ran a Google search for her name and came across her website; thank you for sharing.
You weren't listening at all.
Median household income to median home value ratio was lower in the 90's than it is today; 4.14 in the 90's to 5.6 now. It's not just interest rates, it's also home prices out pacing income.
they can own them all. and they'll set empty and fall apart because people can't afford to rent them
Either the hedge funds sell/rent cheaper or they are priced out of business.
This is why we need land value tax.
No government around the capitalist world has put measures in place to protect its citizens, to allow them to get a home. Investors, are allowed to gobble up as many houses as they like, when we know there is a limited supply in every big city now. Land is finite. People numbers are expanding. It’s obvious a cap should be put in place to allow us to get a roof fairly, affordably. Life was not supposed to be a realistate game.
Why in hell would any private equity or large investors even be allowed legally to BUY SINGLE family homes?! The name alone should exclude all buyers EXCEPT single families!
If the landlord won’t repair issues, don’t pay rent.
They will just win eviction
they will evict you and then make repairs and raise the rent for the next tenant