I've been saying that same thing for the past few years. Stop corporations and investors from purchasing single family homes. Housing has gotten so expensive because of these investors that even basic started homes are now unaffordable for many people.
Greed is human nature. Our modern economy is founded on human greed and it's an incredible motivator. The issue is that for finite resources like land, unlike any other thing you can accumulate (like money or material goods) you can't make more of it and thus it's ripe for the situation where people buy the land and then charge people for its use despite doing nothing except being there first to buy the land. To fix this we need the government to impose a land value tax so that they actually use land for useful things instead of collecting rents from people who actually need it.
@@zyansheep it’s the lowest part.. The animalistic part of our nature…. Though soo many people are narcissists…. And narcissists have no real sense of self.
@@zyansheep Nah, greed is not human nature. And the last thing we need is more tax. What we need is a real currency and sound monetary policy. It's the only way to restore the value of labor.
Something they dont talk about is how over 25% of new home were actually bought by investors, not people looking to live there. Even if boomers sell all the houses or more home become available, the problem wont go away, as wealthy investors will still buy up those supply of houses. This will keep the houses prices up.
Not a word about banks, equity firms, Blackrock, buying up houses after the 2008 cruises as assets. You cannot discuss the housing cruises without discussing this.nOr discussing that largest luxury houses generate more profit than smaller non-luxury. Developers build for profit.
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.
@@williamDonaldson432 Please how can I connect to your advisor? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.
Please how can I connect to your advisor? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about 3 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
@@ghostferatu6241 Noone buys into that b.s. anymore. (Newsflasher: Babylonian Talmud thumper Khasarians, are not of "Semitic" origin... They ARE, however gradually marring- into the Canaanite Set/ en anic gene pool.)
I might place that number muuuch lower...let's say illegal to own more than 20-30 homes, supermarkets, restaurants, cafes, shoe stores, hardware stores etc etc.
@@BuildNewTowns And: Don't forget - Women don't ask whether or not the money you earn came from a moral place, or if people were hurt... They only care about what year your BMW is, how many sq' your house is, and if they can worm their way in to owning half or more of it. Everywhere everyone was saying 20-30 years ago: "just" go to college... and look at what these colleges have taught everyone - not to value family, morals, god, ethics.... instead: "it's all about me dude bro/bruh!" How many articles have you read where they say "the stakeholders..." yet - never mention WHO they are? Last thought: The "guys" working for private equity - in my mind - are the same guys that struggled with women in high school - they sold out - so they can run off and buy women with the money. At the end of all of it - the money ends up in the hands of women who could care less - so as long as they can have that instabrag life "style" Ontological and existential crisis - where everyone uses eachother - and the primary beneficiaries are: Corporations, NGO's, and your personal fave: DADDY Gov't (and the beta males that work for it).
@@theundone777 you shouldn't be able to own any more than 5 rental properties in any given city or maybe even state. 5 is more than enough to live comfortably.
The 60s had a higher purchasing power for an hour of labor. Since then, minimum wage has been frozen several times despite exploding costs of living and inflation (thanks, Reagan). Also, over this time, social benefits have been cut and attacked while top marginal taxes have been slashed from over 70% to under 40%.
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
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. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my 450K 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.
Definitely! All of this happened in less than a year after *Izella Annette Anderson* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
oh! i never take this advises online seriously, but i checked Izella up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response
I'm from Denver. You could once rent a decent single bedroom apartment in an acceptable neighborhood for $400/mo. Those same apartments with no real added value (and worse mold) now rent for $1400+/mo less than 15 years later. It's absurd. Even if you can afford that, why would you WANT to? What a waste of money.
I bedroom apartments in rural NY...1300/month. I have a mortgage...only 550/month...3 bedroom farmhouse on 4 acres. Isn't that WILD? It's 980/month if you include my house insurance and school/land taxes (which are 80% bullshit).
@@silasakron4692 I had to leave Denver for this very reason......... Even though I was Born in Colorado and lived there for 29 years. I think that in the coming years I will probably end up in a van. I have savings and retirement, but I am just so angry at the world and society that I am kinda just giving up, I really hate this country, the people, everything down to my core. I don't want to be a part of this. So I don't even want to own a home and mow grass and try and keep up with the joneses. If I bought a house honestly I would probably let a bunch of homeless people live there just to piss off society. I am done.
Its wild that we constantly have to force businesses to do the right thing when the government is the one that allows them to operate in the first place.
You will fall yeah.Not from an invasion but from within. You are broke and once you can't afford all those social programs or to subsidize the cost of food for your people they will turn on the elites and we will have a new 'French Revolution' on our hands. Teh authorities can't even stop a bunch of Black Teenagers from rioting and looting. They can't stop you at all. Which is why they keep you focused on race based issues instead of the whole rich VS Poor that is actually taking place.
Laws are always demands made by the ruling class upon their subjects. The only difference is that nowadays those who rule us have been able to cast a wider and wider net with fewer and fewer concessions. So you're right - it's just that law is inherently unjust because of the power disparities that underpin it, so rebellion against it as a system never ceases to be a duty.
@@ЯрославКривич-ч4эin the western world it's likely only a matter of time before a few ultra wealthy individuals heads end up in pikes. After that changes will happen.
This is why I get angry at politicians and billionaires that call themselves patriots all while screwing over the same elderly veterans and civilians that supported this country.
It’s infuriating the level of greed! They have plenty of money, they should remember that the elderly worked very hard all of their life and should NOT be treated in this manner.
Yet not a single journalist mentions the fact that the entire BlackRock family is employed within the current White House. BlackRock is responsible for buying up all the properties.
My wife died unexpectedly two years ago. I fell apart and fell behind on the lot rent which was increased twice after she passed. I ended up homeless for a few months, and trying to buy something on back taxes in Michigan this year was not even remotely possible as the corporations threw tons of money at the auctions. Corporations should not be allowed to own residences
@@nikkijubilant My cats and I have been renting a room for almost a year now. I got a camper while I was displaced and I've started to rent that to vacationers. It has provided a little extra income. If the world doesn't end, I may be doing okay next summer
If I had land, I would be buying campers and doing my best to provide some sort of housing for people at a good price. I don't want to be a landlord, but being displaced sucks
I would actually be all for business entities being prohibited from own residences and property management companies the exception, but with extreme limitations on how they operate and that they are not themselves owned by a larger corporation. Property Management companies being required to operate as cooperatives would likely be best. This video shows some of the first warning signs that lead to dystopian corporatocracy.
@@foremanhaste5464 I would be all for housing being recognized as an innate right. I would also like to see the rest of our innate rights recognized and honored for humanity across the board. I'm way way way over capitalism
That scene where people are attending a workshop and then touring like they are on a field trip to LEARN how to exploit the poor souls who live in the trailer park. It's beyond disgusting.
This is just the tip of the iceberg. Regular home ownership is becoming unattainable as well due to corporate home purchases. They then charge rent high enough to keep people from saving anything towards owning a home in the future. It's clear the system isn't working.
Except its not extorsion nor is what they're doing illegal. As much as we hate what they're doing they know how to push and bend the law without breaking it.
Private Equity should be BANNED from buying into the public trust. Housing, hospitals, et al. BANNED!!!! And citizens should come together to purchase and have 1st right of refusal when trying to put together financing for the purchase of their park.
This would be awesome! I just hope that residents actually get together. We tried to do that when they're owner of the park sold, here told me us to get together but I no one was ready to on such shirt notice. It was a sad day when the new landlord came and immediately talked about charging for water and raising the rent.
"They can tolerate rent increases because they can't afford to leave" is just psychotic. I can't believe there are people out there who can say that out loud with no guilt.
And the would be investors think it would be a good investment. Don’t these people see how certain people lives are being destroyed because of greed. ?
They're not psychotic, they're sociopathic. Businessmen like this were born without a conscience. They believe that other people exist to be their victims.
It's not just greed; it's the lack of responsibility. Thanks to convoluted legal loopholes, private equity firms have *no liability* when things go wrong with stuff they manage. As such, they have no inclination to treat anyone humanely or with any form of decency, because they won't be held responsible even when people _die_ as a result of their horrible policies. (One of them literally got out of a wrongful death lawsuit by claiming this.) And they've bought all the politicians so thoroughly that this situation isn't changing any time soon.
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.
@@icespeaker81Someday you’ll go through something difficult in your own life. Hopefully it will help you develop some empathy for the suffering of others.
@@TexMarque. It’s obvious you support putting Americans out on the street. Malicious gouging is not a pillar of economics principles in any economics course including graduate seminars.
I watched my rent space go up from 450$ per month in 2002 to 1200$ in 2011. This family owned property of 350 spaces in Southern California was sold to 1 of these Wall street investors & they have no interest in keeping it AFFORDABLE.
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.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
I've lived in my mobile home for 25 years. The rent has gone up EVERY YEAR! It started at $525 a month, now its almost $1800. Once I'm retired I will no longer be able to afford the rent, even tho my house is paid off. It is disgusting what corporations are doing to people.
Perhaps the answer is for individuals being screwed over by corporatism to fight back with corporatism. You have the absolute right to create, erect, found, and incorporate your own corporation. Use the private statutes they lobby legislatures to pass against them.
Spoken from a corporate device, on a corporate platform on the channel supporting corporate unions. You all are the corporate problem. Corporate doesn’t exist without your unwavering support. ❤
This is sad, housing market is wrecked, renting a home is high, apartments are high and they now are taking over the last affordable option for trailer parks. Insane!!
Who do Americans think they are competing with for homes and food? Hint:20+Million new comers have to live somewhere and suddenly prices go up. But ok, blame the investors that raise prices because of the increased competition. Millennials blame the Boomers and everyone keeps voting the same way. The standard of living has gone down because of uncontrolled amounts of new competition. 🤷♂️
@@davidhollenshead4892 The liar are people like you, you think that allowing over millions of illegals to walk right in are not hurting the citizens here? Get your head out of your ( , ) !
I live in a mobile home community in AZ. Encore bought it in 2016 from private owners. Since that time, my rent has SKYROCKETED over 220%! It has significantly impacted my quality of life. When all of your income goes directly to housing, there’s nothing left over to have a life. They raised the yearly rent another $1,000+ for 2025 and now residents have to pay for garbage, internet, and basic cable which was included in prior years. Also, we are now required to our own yard work, which again was included in prior years. Upsetting to see an 80 year old neighbor on her hands and knees pulling weeds. Corporate rent gouging and greed in its most disgusting form.
All those things you mentioned rent & contractional agreements assure that people won't be able to keep up with being priced out in the future and in conjunction to not being able to physically maintain your property grounds therefore; making the tenant non-compliant which assures corporations/they're partners in crime "Governments" that the land will soon be abandoned so that they can forge ahead with whatever the plan is for it, like is happening around the world. At the end of the day it's about getting better control over the people who soon won't be able to make any decisions for themselves; the writings on the wall and has been for a long time. Blue states, Red states, Black, white, brown, yellow (with the exception of those who travel light years to help out earth) Christian or Muslim are in the same sinking boat; the plan is complete total dominance over humanity. They're professional instigating of turning people against each other with wars, racism and poverty the powers that be have caused us to be so distracted that now even if your eyes are starting to open it's TOO LATE to stop the plan! The good news is nothing last forever, not even your pain and suffering it is only for a short while. Spiritual battles cannot be defeated by man....
Ismerica was a good growth story for many decades because Jooish and WHTE executives only sought to exploit cheap labor overseas, like Nike. However, Ismerica is no longer growing, it's in decline. Stock market highs are artificial, and if AI works as well as everyone wants it to, 10,000s of jobs will be lost. The final nail in the coffin is this video: wealthly whtes and joos are turning and exploiting their own for profits. Renounce your USA citizenship before they take that right away from you. BlackRock, Goldman, etc. are coming for you next.
boohoo. Move into a van, as I posted above, ZERO cost for housing, utilities, food or commuting. Presto, problem fixed. $3000, at most, from a private seller on Craigslist or FaceBook.
@@SonnyCrocket-p6hWTF! You are the problem. Move into a van?! What is your deal. I don’t want my grandparents living in a van. What a senseless thing to say.
I live full-time in an RV park in Quartzsite, Arizona. We have investors buying up parks. They hire 'managers' who harass the tenants to force them to leave. Many cannot afford to move their rig to another park. Once it is abandoned, the park owns it and rents it out. It's disgusting. We have 2 state laws for protection, but no one enforces the law. Please visit us in Q. We have over 65 RV parks and several low-income residents. We need you!
I live on SS. When I moved in 7 yrs ago my rent in a 55 & older mobile home park was $740 a month here in North Phoenix. 2 yrs after I moved in, the private owner sold it to a corporation. Since, my rent has gone up every year. This year I just got a notice my base rent will go up $98 a month. PLUS they are now making me pay an EXTRA $25 pet fee per dog. So starting Nov 1, my rent will be $1375 a month. I LIVE ON $1500 A MONTH SS. I have less than 2 months to try to find something affordable. Since I have 2 dogs, I need a home or mobile home. I AM SO DAMN ANGRY. I started looking online and the prices are out of bounds. What is worse, is at least 1/3 of the spots are empty or the home has been for rent or sale for THE ENTIRE YEAR in the park.
Need a non-urban form of rent control. Might help? They're multi-family communities, without any vertical facet. I'm no liberal, but clear abuse is clear abuse - regardless the political stripes. TFS
My mom lives in a manufactured home community and I lived with her in it for a few years when I was a kid. It was sold to a large company a few years ago and they raised rents and I remember her telling me about some of her elderly neighbors who were on social security and Medicare that were forced out, absolutely despicable.
@@omniopen The same is now happening to us at Royalwood Estates Manufactured Home Park in Lynnwood WA! We have formed a new alliance group called, "Royalwood Residents Alliance" and are seeking legislation to help protect these parks and the 55+ seniors, the disabled and veterans who live here from a use and Economic Eviction! Please pray for us. We Need Help! 💜
This should be an hour long documentary and should be talked about on every news station and tv channel. It should be trending on Netflix, discovery, and every politician should be forced to watch it before they go vote on that bill
Dude, politicians are almost all sociopaths with 0 empathy. While they're watching that video, all they will be thinking about is the large sums of $$$ donated to their PAC's to keep them in power receiving those fat paychecks, killer benefits and eventual life long pensions. The politicians are immune to empathy or human suffering. Municipal workers, firefighters, EMS and a very small police force with a small mayoral office and city planning commission that people have to vote on first before implementation is all the government modern society needs to day. Instead, we get 1/3 of our total workforce working in some type of tax payer funded position. America cannot possibly continue on for much longer.
Also, think about this; The supreme court just recently ruled that it is legal for government entities ( cities, townships, counties,and states ) to make homelessness illegal activity. What the hell is the mindset of our government that allows a system to make people homeless and then make them criminal for that condition ? Our leaders are all insane and psychopathic fools driving this nation into oblivion.
@@MRkriegsit’s fairly simple. Evicting a demographic who will struggle to find work and affordable housing leads to an inability to keep up with healthcare, mental health issues that can eventually affect physical health, and ultimately leading to quicker mortality rates. That is violence
I am Brazilian and seeing this kind of video makes me fell very sad. By today there is only greed around the world, and the poor people are the most affected. What kind of society we become? Man this is terrible!
Sold our 2nd home back in 2023 because being on a fixed income…we could not afford the insurance, taxes and upkeep on two places anymore. We had several big companies contacting us about buying it. We ignored them completely and sold it to regular people!
Politicians, governments allowed this to happen. In Ireland, they buy entire housing estates and rent back to Irish at huge cost. These are foreign, US and Canadian, pension funds. Ordinary people are priced out of the market, and have to pay colossal rents meaning they can't save. All allowed by our government. It's disgusting
@ofAwxen we live in the neo feudalism age. I live in a tiny house, I don't buy crap I don't need and I'm grateful for what I do have. The only power we have over these oligarchs is consumer. Don't believe you need more to be happy, don't buy their crap
@@healingsoul13 the author talked about how she based it on television of seeing poverty and war on one channel and then a glamorous fashion show on the next channel. She based it on real life. Ain’t no coming up next, we are already living it.
As a Black woman who's worked for over 20 years as a EKG tech until 2020, and I'm still struggling to live and pay my bills, the American dream has NEVER EXISTED for me and most Black people!!! If I could afford to leave America, I would leave without any hesitation!!! But I can't afford to leave, so I'm stuck here until I die in poverty and debt!!! Death is preferable now for me personally, and I'm not ashamed to say it!!!!
This is DEPRESSING NO DOUBT. And a lot of us are heading straight down that path and it’s terrifying. It feels like no matter how much you try and save or invest something happens at the convenience of the government and boom your 2 steps forward takes a 3 steps back direction. Take care everyone, God bless you all. Aloha!
This isn't government.This is private equity investment firms. The average person needs to make sure their elected representatives know that private equity should be stopped. This is where PEOPLE become the government. "We, the People of the United States of America..."
Canadian here. We also suffer similar abuses due to the increasing financialization of housing (treating housing as an investment, rather than a human right). How many times have we been assured that "the market will provide affordable housing" (!) when the most cursory glance at conditions reveals this to be a blatant lie. In Toronto, the ending of any kind of rent control has meant that the average rent for a one bedroom apartment is now $2400 per month. Our provincial government thinks building single family homes in the suburbs is "affordable housing". It is all about greed, urban sprawl and profits over people.
Canada is an unsurvivable hellhole for many people today. I'm glad I escaped, and can send remittances to help the people I care about who are still trapped in Canada.
@@donaldjamesderrick If you don't mind my asking, what country are you in now? Why would it be any better than Canada, when the problem is to be found in every part of the western world? People are going to have to double up instead of living alone, that is the reality.
America is a vast corporation, not a sprawling empire. Everything is incorporated. Building a high society is an infinite game, not a “depreciating asset.”
@@Vanderearden As long as you have the right to vote, it is still a Democracy. The problem is GREED and STUPID and/or GULLIBLE PEOPLE. Vote while you can, this may be your last chance. Then you’ll really have something to b!tch about.
@@alexsmith-ob3lu: No doubt that America is a corporation, but I'd argue its also an empire. Over 800 admitted military bases globally. American corporations headquartered around the globe. At least 28 nations are client states of the U.S... That sounds like the definition of empire to me.
@@johnnychipello919: Actually, America is a fascist, plutocratic police state. A dictatorship means an individual runs the show. Like a monarchy. America isn't like that. Multiple entities run America, but for the same end and means.
My 90-year-old mother lives in a manufactured home that she bought 10 years ago. My sister lives with her, and between the two of them they manage well. They have a very nice house. The park they are in is run by a young man who has taken it over from his parents, who ran it for years. The lot rent has gone up over the years, but only in proportion to actual costs rising. The park is very well maintained, they enforce standards to keep it looking good, and she is very happy there. It will be a disaster if one of these private equity firms buys out the lot owner and raises her rent significantly.
@@homelessmillionaire1 It might not. The young man who's running it now it takes his parents' experience very much to heart. The family is well regarded and they make a decent living. Sometimes people realize they don't need more than that. Especially when they are not anonymous to their customers, but interact with them regularly. At any rate, they will stay there as long as they can, and hopefully that will be the rest of their lives.
They are preying on the poor. And shocker - they get the highest revenue off it in the real estate industry. Goes to show that just like Bernie said, "it's expensive being poor."
The way these corporations are preying upon and putting the squeeze on the poorest of the poor is beyond obscene! If I had to pay through the nose for a dilapidated trailer house, dirty tap water, non-functioning pool and deserted community center, I'd be royally pissed too! Any guy who can buy and sell dozens of mansions like it's no bid deal while his tenants are facing eviction deserves a special place in hell!
Its been three years since I retired, and while inflation has made it challenging to maintain my lifestyle and even worse when I lived in the city, relocating to the countryside has helped to manage better, its lonely, as most of my friends and family are still in their routines but It's been easier to stretch my savings and hopefully, I won't outlive it.
I’m nearing retirement myself, and I had similar concerns. I started investing much later than most, and just relying on ETF compounding wasn’t cutting it for me. After working with a financial advisor, I managed to restructure my investments and am now on track to retire with around $4 million. If I hadn’t sought advice, I doubt I’d be as confident in my plan right now
I usually steer clear of recommending specific people because financial needs are so personal. But I can say that working with Emily Ava Milligan has made a world of difference for me. I noticed her strategies are tailored to fit personal goals and make sense for different needs. It might be worth exploring to see if her approach resonates with you.
Good luck with that plan. I found living out in the sticks to be more expensive. Food costs, gas, propane. Have to drive at least a half an hour to get anywhere. And trying to find capable medical care that is more knowledgeable than the local vet can be a challenge.
Only families and citizens should own homes. Corporations as well as investors from other nations should not legally be considered individuals or citizens. Our courts NEED to rule on this.
I disagree with "families and citizens". Many people do not have families but are citizens who worked for their homes. What I strongly disagree with is the government giving border crossers that benefit at the cost of letting US citizens go homeless.
@@AdamLeite that's a silly disagreement, citizens with or without families is just fine. I'm not sure about the foreigner bashing you speak of, but if you have any evidence instead of unproven hearsay I'm all ears
@@takethesquid Sorry, it was the person I responded to who said that "only families and citizens" should own homes. That is what I disagreed with. Kamala Harris has been promoting and more recently, Nancy Pelosi has endorse that $25K should be given to the recently arriving migrants so they can purchase their homes.
@@TheVitamin421 I dont understand the long term value of doing this except for putting numbers on a piece of paper and extrapolating them out. If you price people out your going to wind up with empty lots, enough of those and your losing money.
I absolutely hate greed! With every fiber of my being! Just think about how beautiful life could be if we treated each other with kindness, dignity and compassion
Praying isn't going to cut it. You should see the lot rents in Phoenix, AZ for mobile home owners. And of course the lot rent makes their mobile home worthless. The lot rent precludes them from ever selling their home. Lot rent is commonly in the $800-$900 range. And of course, its worse in CA, OR, WA
You have to THREATEN legislators unfortunately. I don't mean with violence. . .but paint a picture of homeless people all milling about in their hi falootin' business districts, panhandling people on the way to work. Appealing to their sense of right and wrong won't work. Never does.
This is why we have homelessness. And of course, the corporate press is not covering any of it. And the government has been complicit since Ronald Reagan
Ummm, no. When I was in my 20's in the 1990's almost all apartment complexes and mobile home parks were individually or locally owned. This all started under W Bush in the early 2000's and Obama did NOTHING to stop it when he took the reins.
The worst is when investors buy up mobile home parks and proceed to kick them out, demolish the park, and build luxury apartment buildings on the site. It's happened time and time again in the Salt Lake City area.
🌹I think the retirement crisis will get even worse. A lot of people can't save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won't have a house to retire with either
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You don't have to be surprised, That's exactly his name( Alvarez Harry) so many people have recommended highly about him I'm huge beneficiary of his platform from Brisbane Australia 🇦🇺
This is happening with my mother's community. 1 month after she downsizes into a manufactured home in a 55 plus community north of Pittsburgh, private equity buys the community, raises lot rent by over 40% and starts passing previously covered utilities like water and trash to the tenants.
Exactly. That's what the "trickle down" criminals are doing to many Americans. Many elderly are in these parks and are being ruthlessly exploited by the filthy rich and at a time it's hardest where they are on fixed incomes and can't do anything like they could when younger. It's crazy the government is allowing this
Yeah, we find a solution to handle her tightening budget, I buy a modular home in a nice community and have it remodeled for her. I was happy to do it so she could maintain her independence and self sufficieny. She moves from her high rent apartment, expecting a $450ish monthly fixed cost and bam, price increase most of the way back to her old rent and I have thousands invested in the building so now we're committed long term. It's like the video said, it's hard to get out of these places without a significant cost.
That's why you never put a manufacturer or mobile home in a park situation because things can change with the property ownership and put you in a serious dilemma. That's why as a real estate investor for many years I always tell my friends if you're going to get into something like that put it on private property and you just pay your taxes and try to stay out of a HOA situation
Imagine doing everything right for 50 years. And it somehow isn't good enough. Always trying to gentrify the entire country. And our country's neighbors too.
"If the American people ever allow private banks to control the issue of their currency first by inflation then by deflation the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." - Tommy Jefferson
Yeah, the greed is insane. I started renting a place in Canada in September of 2021 for about $145 a month. By this year it had gone up to $211. I ended up having to downsize. I just can't stand greed like that.
Here in the Uk we have an equivalent, it’s called Leasehold. It could be a caravan or a house or a flat but the land it’s on is privately owned and ‘leased’ to the owners of the property. Exactly what is happening to you is also happening to us! If you can afford it don’t buy a leasehold property.
I managed the manufactured housing stock for a county auditor for 6 years. It won't take much of an increase to push people out of these parks. It's horrible. They are displaced at the absolute worst time in their lives.
Kicking people when they are most vulnerable is monstrous behavior for flash and blood humans. It's also a guaranteed to be financed business model for the corporate persons the courts care about.
Freedoms for the Rich. Socialism is a rich tool. They open banks, we put our money in. Banks use our money to loan to other people. Protecting the rich persons money and then lending us our money when we need it. But if there is any sort of error or whatever, depending on the bank you could lose all your money. But the rich person who backs the bank, is fine. Rich people get so much for free. They spend a week at burning man, leaving money behind and relying on trade and socialism.
@@kudanavadmont1242 Socialism? Really? Socialism is out there saving people from the effects of capitalism. Food banks are socialism....money banks are absolutely not.
@@chihirostargazer6573 Banks are not socialism for us. Rich people use them to protect their money with our money. "Socialism for the rich and capitalism for the poor" is a classical political-economic argument asserting that, in advanced capitalist societies, state policies assure that more resources flow to the rich than to the poor, for example in the form of transfer payments.
@@chihirostargazer6573No it isn’t, socialism makes the elites richer and screws the poor even more. Example: Bernie Sanders, millions in wealth and many mansions all while screaming socialism is the answer! Please 🙄
Corporations and foreign investors should not be allowed to own residential property. Eliminating that, along with "mortgage-backed securities" would go a long way to solving the housing-price problem.
Greed is not the problem! Corporations are not the problem, individuals can do this too! The problem the fact that anyone with money can buy land and hold on to it while extracting rent from anyone who wants to use their land. *We need a land value tax to fix this!*
That’s the foundation of USA ❤❤❤❤. Wealth is created by transferring it from large groups to smaller groups. Socialism is the antidote - but not in USA❤
It's just how they are. They don't look like much. But on the inside, they're always upset with the whole world. Like a supervillain. If he wasn't able to talk.
@@lisabrickner6004 Amen, he owns the park I live in, bought it 4 years ago. Been praying for his soul but it hasn't worked so far, did for a little bit three years ago... Had to pay an extra $654 bill to keep my dog for Christmas last year. I had to buy a $100,000 dog bite insurance for an 8 year old dog that goes outside in a fenced yard under my supervision to go potty for maybe a total of an hour a day. Got her accepted as an emotional support animal (she really is) and had forgotten her vaccines being the 1st anniversary of my fiance's death. So it was suddenly required to have or be fined and charged new pet deposits and monthly pet rent? Was 25 days late on her vaccinations so I think they knew I had a dog and didn't suddenly notice I did like they claimed. I've lived here 15 years with a dog and never had the lot rent double like it has in the last three years. Did write him a letter the 1st year he owned the park and he rescinded the lot rent increase that year. God heard my prayers and had mercy on me and my neighbors. Really had hope he would turn his ways around and stop destroying innocent people financially being greedy. Still reeling over the pay up or kill your pets for Christmas game last year. What a way to say Merry Christmas, pay up or kill your dog in a crowded shelter or be fined to death until you comply. We have window covering fines, parking on sidewalk fines, speeding fines, using the dumpster fines, weed fines, skirting of trailer fines, registration of vehicle fines, parking no more than 2 vehicles fines, yards not tidy, dog running at large fines, and can't remember what else.. oh yes, the new dog fines for vaccines and $100,000 dog bite insurance an inside dog doesn't need, to add an extra Christmas financial burden to the backs of the working poor. Oh my Jesus, forgive us our sins, save us from the fires of hell, lead all souls to heaven, especially those most in need of your mercy. Amen. God have mercy on all the residents of trailer parks that got greedy new corporate owners. God please have mercy on us! Amen.
well corp are owned by people and people are allowed to buy homes, they will just do so in a different way, the problem is not private equity the problem is with the people who are greedy dont love God or neighbor or Gods standards of right and wrong. who forget we are in the last days of this wicked world. their money will be thrown into the streets when Gods day arrives. people think you face judgement after you die, nope we are in a judgement period right now, judgement is based on peoples response to the Good news being preached and taught right now. people just have not paid attention, matthew 24:14 God evaluates peoples response to this goodnews of his kingdom (government)
Don't forget that many pensions are invested in private equity firms. So the very pension check these people receive could be from the firm owning the trailer park.
The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.
I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
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 ‘’Sophia Maurine Lanting” 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 this tip. It was easy to find your coach on web. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
The problem with this country is that it pretends to fight poverty but actually just fights poor people. It takes away all options for the poor and leaves luxury as the only choice, and nobody can afford it. We tear down cheap "ugly" apartments and build fancy ones.
I feel like they’re pretty honest about not giving af. Politicians will say anything anywhere but how many people do you know that actually cares enough to do something?
And those fancy apartments--excuse me, "luxury condominiums"...they sit empty for years before a few of them get bought up. But the building is NEVER full to capacity... (I really think a lot of those building projects are just money laundering schemes, and that city governments are in on it...)
This is happening where I live. Manufactured homes were suppose to be affordable housing. Now seniors disablled or retired are facing rent increases that price them out of their homes. Rents so high slow private sales basically trapping us. Seniors are the highest percentage of homelessness and suicides. No one in the U.S. should allow seniors to come to a choice of homeless or suicide. Stop the corporate takeover of affordable housing and give the seniors the dignity to retire without financial ruin.
They lease they made me sign says I need to give them 3 months notice before I sell. And pay them 1000.00 if I'm on lease. Which they make you sign. Lot rent was 330.00 Now its 550.00.
@@trudybarnhart2423 Thats sad. Greed is the new norm at the expense of those who can't afford. Our lot rent went to 850 and they no longer do yard maintenance or tree work leaving on elder residents who are financially strapped. The street lights in here light for about 60 seconds before turning back off and we have a Cayote problem killing the park cats. They also wont allow residents to go to clubhouse during violent storms here on west coast Florida. New resident pay 1050. in lot rent. It's a sin.
Why do seniors get dignity when poor young ppl don’t? Or middle age ppl? Old ppl don’t get anything for being old. Except here they get subsidized income 🙄 just because they’re old. My aunt got SS and had hundreds of thousands. And she got Medicare! But poor families can’t get any income or Medicaid unless they literally have nothing.
*I lost my job, no family wanted to take me in. Got angry, moved to another city became homeless, got a job as security officer, I was able to invest in forex making $278k.Bought my first house last week. I pray anyone reading this will be successful*
I work at a restaurant here in Houston Texas. Things have been really difficult as I'm a single mom and trying my best to pay bills and take care of my daughters.
I started pretty low investing in forex though with $5k thereabouts. The returns came massive. can't be more proud that I'm right now, and I have move in to my new home (ALVAREZ HARRY FLECTCHER) is a Blessing to my life
Wow 😲I know this Man mentioned here . Alvarez Harry is really good with and on his job. He has helped a couple of families and individuals' finances, I'm huge beneficiary of his platform too
That's why you see all these ads on tv for sleep medications. They can't sleep. Some are addicted to making money and can't take a break to sleep. Other's can't deal with what they've done but can't stop. The love of money is the root of all evil.
I live in a massive manufactured home community. It's a city of manufactured homes. It's an actual city with streets and a sewer system and a government. They're not like old school trailers, they are manufactured homes. There is no lot rent. The lot and home are both owned as one. There are many home owners here, but there are also many renters here, too. So anyway, the rents for these places were like $500 per month about a dozen years ago. But what has been happening is when a homeowner sells their home or they pass away, the home ends up getting bought by a corporation who intends to rent the home out, and the corporation is often a corporation from another state. Then they go into the home and do repairs. Sometimes they do good repairs, but often they just put a new coat of paint on it. They don't fix the roof or put in a new AC or put in new floors or put in new plumbing. Sometimes they might put in new appliances. Then they put it up for rent at $2000. Then a family usually moves in quickly because that family is in a tough spot and can't afford to rent a concrete block home for $3500 per month. So they end up paying $2000 per month just for an older manufactured home which needs repairs. The wages around here are low and definitely don't support that price, so the family sometimes gets evicted after just one year. It's really sad. That situation is common here, too.
Who is running the community? Who determines snow removal and community buildings? Do you have a group like an HOA, but for your manufactured home community? This "HOA" needs to make rules of no renting. The owner must live on site. (You can rent out a room in your trailer, but you must be present as the owner).
Black Rock is in this business. They say by 2030 you won't own anything and you'll be happy. I don't know about the happy part but they aren't fooling around us not owning anything.
We will soon become generations of refugees in our own countries. It would be better to invest in a campervan than a "mobile home". I can't afford to retire. If I'm lucky, I'll work till I drop. I have this constant feeling of dread and an urge to sell most of my possessions, in order to lighten the load (the way a pilot jettisons fuel when there's the chance of a crash).
@@justinesorel6325 Everything you wrote is exactly how I feel 100%. I have this urge to drop all the balls I'm trying to juggle in the air. This feeling of dread is overwhelming and I sometimes wake up at night choking. It's fast becoming impossible to even exist anymore. I've begun letting go of thoughts of things I believed I needed. My life has whittled itself down to food and shelter and medicine. When something like shoes wears out, I'll buy a cheap pair. I'm learning Depression Era cooking. Waiting for the bottom to fall out though.
A company like this had my grandmas bank account on auto-pay. They charged her rent this month, after she had already passed. The private equity firm that owns the park took extra time processing the title so they could charge a dead woman who survived off social security and food stamps.
I'd say they are vultures but that would be an insult to vultures who perform a valuable and necessary role in this world. Perhaps parasites? The world has become so atomised and transactional.
@@Nick-fi1mc I can’t share a link but you can watch the trailer. Noam Chomsky can be controversial but ‘Requiem …’ and ‘Manufacturing Consent’ are unbiased topics.
Not just for housing...look what Private Equity Firms have done to once beloved companies like Sears, Toys R Us, etc. The come in, saddle the company with debt that they can never repay and then pick apart it's carcass bit by bit!
I have been saying it for 2 years, the single biggest thing we can do to free up affordable housing and get a handle on a rental prices is to push private equity out of owning single family homes. I'm not a huge fan of government regulation, but this is one place I would have no problem setting a boundary that only private individuals can own single family homes, and even then there should be a reasonable number of homes you can own.
I agree- large corporations should not be allowed to purchase single family homes and small investors should be restricted to the number of homes they are allowed to own- we had a man in my town owned 450 homes and they were all shitholes- there needs to be some regulating with this
Evidently my comment got deleted. My park in Tampa was purchased a year ago. They doubled my rent from $580 to $1300. The owners never fixed anything, and neither do they. And now we can’t move because the cost of living here is so high, we can’t save money to.
They're slumlords. Isn't withholding rent legal until repairs are addressed? This is really sickening. Also, if you can move, it's possible the same thing will happen someplace else. It seems like they're buying up all the mobile home parks.
I’m 43 and disabled, I draw $943.00 a month. I can’t afford a rent, I’m sleeping on someone’s couch. I’m terrified of being homeless yet I’m heading that way. The cheapest rent in my area is $1,200.00 for a trailer, I can’t afford that! “ There’s no America dream anymore, all it is survival. “ she nailed it!
Does your brain still function? Are you creative or smart enough to do more with your life than watch tv or sleep 12 hours a day. Can you support your community to gain new friends and skills? I lived in a rented room for $400 in the military because my family was in a different state. I had to pay all the taxes and rent for that area and pay for my small bedroom just to support our government to keep everyone safe. I had no car and barely enough to eat on - luckily the base had a food court which I lived off $10 a day on food. I did this for a year because I had to. Today I have pain pump and spinal stimulators and still have to provide. How I did this and continue is I don’t watch TV, I don’t go out, I just work and come home in extreme pain, work using my brain on projects. What happened in the past sucks but it had to be done. Today I know what I did helped countless others to live in a free nation. So take the money you get for free, and work to better yourself.
Housing crisis, health crisis, financial crisis, cost of living crisis, debt crisis, inflation crisis, Middle East crisis. How many crises can we endure? As I approach retirement with a solid financial cushion, I'm anxious about a potential banking crisis. Is private equity a good option to grow my money securely? Any guidance in this regard would be much valued.
I would advise the counsel of a seasoned financial pro. It may seem expensive, but as the old saying goes - "you get what you pay for" "Expert solutions require Expert providers" - my mantra
Agreed, investing with the help of an advisor set me up for life. Retired with about $1.6m in stock portfolio only. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. Supplementing my income with stocks and alternative investments helped me by far beat the retirement age before 65.
I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I look up the professional guiding you please?
The advisor am currently working with is Judith Lynn Staufer. I came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
this has happened in Canada as well..most rent in almost every "city" has doubled in less than 10 years .homeless issues in canada is a major issue and government is paying lip servise to fixing it..this Private equity stratagy is happing in most western countrys now.
I don't know if you've noticed, but Republicans today, they don't know that word. Or ethics. Or morals. And the Republican voters don't know the word decency as well
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
In the 80's my Dad worked a modest job, Mom stayed at home and raised the kids, and they lived a nice middle class lifestyle including owning a home. Nowadays both I and my partner works and can barely afford to make ends meet. Soon the kids and family dog will need to work to keep this household going. It's the destruction of the American dream right before our eyes.
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
I was a late bloomer, but Tracy Britt Cool Consulting, my financial advisor helped me bring it all together and got me into crypto. Now retired for 6 years at 72, my managed portfolio with Tracy generates about 9k a month on average more than my RMD on my retirement accounts. Not real big, but together with SS we're able to live reasonably with 160k a year. While being mortgage free.
More Perfect Union... Please do a story on this situation: I live in a rent restricted 55+ apartment complex in Stafford, VA. Bought by Blackstone and now the rents are going up crazy every year. Many people have already had to move. Idk who has ended up on the streets. No end in sight. 😢 We don't even know how to check to see if they are raising rents above the restrictions. Most of us live on SS and/or are disabled.
Call your city government. Vote. Attend your city council meetings. A lot of times, companies if they are checked by the city, can be in big trouble if they evict seniors or the disabled.
They aren't evicting. People are just leaving because they can't pay the rent anymore. As l said, many are disabled, including myself. Idk if I have the mental, physical, or emotional wherewithal to pursue meetings or to be an advocate for all of us. That's why I was asking them to do a story on our situation.
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Corporations should not be allowed to purchase residential land
I've been saying that same thing for the past few years. Stop corporations and investors from purchasing single family homes. Housing has gotten so expensive because of these investors that even basic started homes are now unaffordable for many people.
It’s easier to say that large $1B PE firms can’t purchase single family homes.
You might want to check out the Hedge Fund Control of American Homes Act...Some people are working on it..
Or to make huge profits from basic human necessities like food , water, and healthcare
I think you hit the nail in the head. That would be a great start if we want to avoid general homelessness.
The greed in this country is obscene. The inhumanity is cruel.
That's why we have been dumped world wide. Never thought I would live to see America turn into a pariah to the entire time world. Disgraceful.
Greed is human nature. Our modern economy is founded on human greed and it's an incredible motivator. The issue is that for finite resources like land, unlike any other thing you can accumulate (like money or material goods) you can't make more of it and thus it's ripe for the situation where people buy the land and then charge people for its use despite doing nothing except being there first to buy the land. To fix this we need the government to impose a land value tax so that they actually use land for useful things instead of collecting rents from people who actually need it.
@@zyansheep it’s the lowest part..
The animalistic part of our nature…. Though soo many people are narcissists…. And narcissists have no real sense of self.
This is the exact reason I never bought a mobile home.
@@zyansheep Nah, greed is not human nature. And the last thing we need is more tax. What we need is a real currency and sound monetary policy. It's the only way to restore the value of labor.
Something they dont talk about is how over 25% of new home were actually bought by investors, not people looking to live there. Even if boomers sell all the houses or more home become available, the problem wont go away, as wealthy investors will still buy up those supply of houses. This will keep the houses prices up.
Not a word about banks, equity firms, Blackrock, buying up houses after the 2008 cruises as assets. You cannot discuss the housing cruises without discussing this.nOr discussing that largest luxury houses generate more profit than smaller non-luxury. Developers build for profit.
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.
@@williamDonaldson432 Please how can I connect to your advisor? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.
Please how can I connect to your advisor? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.
There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about 3 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.
Companies owning 100,000+ homes should be illegal
ANYONE owning more than 3 houses should be illegal. It's legal feudalism
@@ghostferatu6241 Noone buys into that b.s. anymore. (Newsflasher: Babylonian Talmud thumper Khasarians, are not of "Semitic" origin... They ARE, however gradually marring- into the Canaanite Set/ en anic gene pool.)
@@ghostferatu6241that's a witty response Bateman, let's see Paul Allen's remark.
They make the laws.
I might place that number muuuch lower...let's say illegal to own more than 20-30 homes, supermarkets, restaurants, cafes, shoe stores, hardware stores etc etc.
Private equity is destroying every market in America. Every single one.
Because they paid off daddy government and women don’t care how they make their money:
“Oh he drives a bmw!!”
@@07wrxtr1 This is the inevitable result of a citizenry that envies the wealthy for wealth’s sake.
Consequences when they just print off Trillions of dollars and give to their corrupt friends :/
@@BuildNewTowns And: Don't forget - Women don't ask whether or not the money you earn came from a moral place, or if people were hurt... They only care about what year your BMW is, how many sq' your house is, and if they can worm their way in to owning half or more of it.
Everywhere everyone was saying 20-30 years ago: "just" go to college... and look at what these colleges have taught everyone - not to value family, morals, god, ethics.... instead: "it's all about me dude bro/bruh!"
How many articles have you read where they say "the stakeholders..." yet - never mention WHO they are?
Last thought: The "guys" working for private equity - in my mind - are the same guys that struggled with women in high school - they sold out - so they can run off and buy women with the money. At the end of all of it - the money ends up in the hands of women who could care less - so as long as they can have that instabrag life "style"
Ontological and existential crisis - where everyone uses eachother - and the primary beneficiaries are: Corporations, NGO's, and your personal fave: DADDY Gov't (and the beta males that work for it).
@@theundone777 you shouldn't be able to own any more than 5 rental properties in any given city or maybe even state. 5 is more than enough to live comfortably.
"There is no American dream any more, all it is is survival..." I really felt that.
Time to wake up and get an interest in politics, because politics has an "interest" in you.
The 60s had a higher purchasing power for an hour of labor. Since then, minimum wage has been frozen several times despite exploding costs of living and inflation (thanks, Reagan). Also, over this time, social benefits have been cut and attacked while top marginal taxes have been slashed from over 70% to under 40%.
@@vgstb ... is literally why I follow this channel. 🙄
@@Yormsane light a match EVERY time a flippers buys a home and every time a investor buys a home
That is my daily experience 😣
In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.
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. This is not financial advise but get buying, cash isn’t king at all in this time!
You are right! I’ve diversified my 450K 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.
@@maryHenokNftDo you mind sharing info on the adviser who assisted you?
Definitely! All of this happened in less than a year after *Izella Annette Anderson* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.
oh! i never take this advises online seriously, but i checked Izella up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response
Rent:
2018: $750
2020: $850
2022: $1,200
2024: $1,500
RENT SHOULD NOT DOUBLE IN 6 YEARS!
80% property taxes 20% for landlords trying to keep up with they neighbors
I'm from Denver. You could once rent a decent single bedroom apartment in an acceptable neighborhood for $400/mo. Those same apartments with no real added value (and worse mold) now rent for $1400+/mo less than 15 years later. It's absurd. Even if you can afford that, why would you WANT to? What a waste of money.
@silasakron4692 It's crazy. NO utilities included, and Massachusetts has the 2nd highest electric rates.
I bedroom apartments in rural NY...1300/month. I have a mortgage...only 550/month...3 bedroom farmhouse on 4 acres. Isn't that WILD? It's 980/month if you include my house insurance and school/land taxes (which are 80% bullshit).
@@silasakron4692 I had to leave Denver for this very reason......... Even though I was Born in Colorado and lived there for 29 years. I think that in the coming years I will probably end up in a van. I have savings and retirement, but I am just so angry at the world and society that I am kinda just giving up, I really hate this country, the people, everything down to my core. I don't want to be a part of this. So I don't even want to own a home and mow grass and try and keep up with the joneses. If I bought a house honestly I would probably let a bunch of homeless people live there just to piss off society.
I am done.
Its wild that we constantly have to force businesses to do the right thing when the government is the one that allows them to operate in the first place.
These private equity firms own the government.
What's the right thing ? Pay the contract rate that the union negotiated ?
@@lampstaxnot do legal extortion of people? It shouldn't be legal to do this.
The big mistake most people make is thinking the government and big corporations/private equity firms are separate entities.
@@stevestone76 The big mistake most people make is thinking the government is a driver rather than a vehicle.
The United States is completely unsustainable at this point
You will fall yeah.Not from an invasion but from within. You are broke and once you can't afford all those social programs or to subsidize the cost of food for your people they will turn on the elites and we will have a new 'French Revolution' on our hands. Teh authorities can't even stop a bunch of Black Teenagers from rioting and looting. They can't stop you at all. Which is why they keep you focused on race based issues instead of the whole rich VS Poor that is actually taking place.
That’s why it invaded everywhere to steal their resources
Another reason for the country to continue with balkanization.
They need to change the name to UNITED SNAKES OF AMERICA. sad what is happening
Don't worry, in a few months there will be plenty of free homes to pick from.
When injustice becomes law, rebellion becomes duty!
Laws are always demands made by the ruling class upon their subjects. The only difference is that nowadays those who rule us have been able to cast a wider and wider net with fewer and fewer concessions.
So you're right - it's just that law is inherently unjust because of the power disparities that underpin it, so rebellion against it as a system never ceases to be a duty.
When people agree with injustice, they become slaves. And slaves have rebellion never.
@@ЯрославКривич-ч4эin the western world it's likely only a matter of time before a few ultra wealthy individuals heads end up in pikes. After that changes will happen.
This is why I get angry at politicians and billionaires that call themselves patriots all while screwing over the same elderly veterans and civilians that supported this country.
It’s infuriating the level of greed! They have plenty of money, they should remember that the elderly worked very hard all of their life and should NOT be treated in this manner.
The elderly voted to give them the power to do so. Now they're trying to hand over the future of the next two generations for more time.
It’s the rich against everyone else. The politicians are rich!
Yet not a single journalist mentions the fact that the entire BlackRock family is employed within the current White House. BlackRock is responsible for buying up all the properties.
@@l.c.3150 Yep! Give them 1yr in politics and they are millionaires. HOW! I think you know the answer.
My wife died unexpectedly two years ago. I fell apart and fell behind on the lot rent which was increased twice after she passed. I ended up homeless for a few months, and trying to buy something on back taxes in Michigan this year was not even remotely possible as the corporations threw tons of money at the auctions. Corporations should not be allowed to own residences
Sorry for your loss and all your hardships
@@nikkijubilant My cats and I have been renting a room for almost a year now. I got a camper while I was displaced and I've started to rent that to vacationers. It has provided a little extra income. If the world doesn't end, I may be doing okay next summer
If I had land, I would be buying campers and doing my best to provide some sort of housing for people at a good price. I don't want to be a landlord, but being displaced sucks
I would actually be all for business entities being prohibited from own residences and property management companies the exception, but with extreme limitations on how they operate and that they are not themselves owned by a larger corporation. Property Management companies being required to operate as cooperatives would likely be best. This video shows some of the first warning signs that lead to dystopian corporatocracy.
@@foremanhaste5464 I would be all for housing being recognized as an innate right. I would also like to see the rest of our innate rights recognized and honored for humanity across the board. I'm way way way over capitalism
That scene where people are attending a workshop and then touring like they are on a field trip to LEARN how to exploit the poor souls who live in the trailer park. It's beyond disgusting.
It’s disgusting for sure.
They are predators and have a sickness called greed. Intern makes us all sick to our stomach.
Agreed 💯
Almost like they were visiting a poor people zoo. 😠
I fully agree.
This is just the tip of the iceberg. Regular home ownership is becoming unattainable as well due to corporate home purchases. They then charge rent high enough to keep people from saving anything towards owning a home in the future. It's clear the system isn't working.
Oh, the system's working alright, but it's working only for those who control it and it isn't the government.
I'm sorry, but you said a bullshit, dude. If a person wants to buy a house, he will find money and buy it.
@@ЯрославКривич-ч4э Where do I find this tree that money grows on?
@@ryant6548 You need to find a job, not a tree.
Another example of corporate greed ruining the country.
Govt allowed this to happy. Maybe happily too.
It’s true our “government” helps with nothing
it is shameful.
And corrupt politicians don't care.
Folks voted for NO gov't oversight and donated $$$$ to billionaires, now complain that you can't afford housing???
Sounds like straight up extortion.. These private equity heads should be thrown in prison.
Why aren't they? Why are elected officials allowed to take brides? Why do you continue to vote crooks back in
@@jer1776 publish their home addresses
At the least
Should be straight up illegal. Period.
Except its not extorsion nor is what they're doing illegal. As much as we hate what they're doing they know how to push and bend the law without breaking it.
Private Equity should be BANNED from buying into the public trust. Housing, hospitals, et al. BANNED!!!! And citizens should come together to purchase and have 1st right of refusal when trying to put together financing for the purchase of their park.
This would be awesome! I just hope that residents actually get together. We tried to do that when they're owner of the park sold, here told me us to get together but I no one was ready to on such shirt notice. It was a sad day when the new landlord came and immediately talked about charging for water and raising the rent.
Dude, just...stop it with the antisemitic remarks.
Absolutely BANNED!
People will say, private equity firms are very Predatory.
HELLO !!!! To the Dummies out there : All Capitalism is PREDATORY !! Wake up Dummies !!
Severly Limit the amonth of wealth gainef thru private equity.
I just voted for rent control in California. I hope more states do the same. Private Equity firms have ruined housing.
Private equity is doing this everywhere. Corporations should not be allowed to own residential housing
The USA is a plutocracy. It is just a big money-making machine for capitalists. When are people going to wake up and do something about it?
Housing is a human righteous
If they want to be legal persons they should be put in prison..
Not everywhere in my country renting out houses is taxed so high that companies are not interested in buying houses for that reason.
And politicians
"They can tolerate rent increases because they can't afford to leave" is just psychotic. I can't believe there are people out there who can say that out loud with no guilt.
Special bowls in Hell....
And the would be investors think it would be a good investment. Don’t these people see how certain people lives are being destroyed because of greed. ?
They're not psychotic, they're sociopathic. Businessmen like this were born without a conscience. They believe that other people exist to be their victims.
@@brianniegemann4788 born without empathy is psychopathic. Sociopath requires a traumatic event or series of events to come into existence.
this is America, a country built on slavery, why does this shock you?
Private equity is literally destroying our country…. Who knew greed could cause so much harm… 😒
lol. Don’t like capitalism, do you?
@@vg7985 *claps* What a strong rebuttal! So many good points! Such a clever and nuanced argument!
@@vg7985what point are you even trying to make?
@@vg7985Go to Venezuela, Communist!
It's not just greed; it's the lack of responsibility. Thanks to convoluted legal loopholes, private equity firms have *no liability* when things go wrong with stuff they manage. As such, they have no inclination to treat anyone humanely or with any form of decency, because they won't be held responsible even when people _die_ as a result of their horrible policies. (One of them literally got out of a wrongful death lawsuit by claiming this.) And they've bought all the politicians so thoroughly that this situation isn't changing any time soon.
These predators need to be held accountable
but who will be doing the accountability?
You all put them in office
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.
America the beautiful...😢
This is evil. People are already struggling.
cry harder poor...
@@icespeaker81Someday you’ll go through something difficult in your own life. Hopefully it will help you develop some empathy for the suffering of others.
@@raee1265 i wont. my dad has a networth of 20 something mill lmao
Stop voting democrat
@@icespeaker81 Thank you for pointing out how awful your soul is. Now we know.
Private equity groups did this to the apartment complex I used to live in. It’s criminal really. The level of greed and exploitation is criminal.
It's obvious that you don't understand Econ 101.
There's no housing shortage, there's a greed surplus.
@@TexMarque. It’s obvious you support putting Americans out on the street. Malicious gouging is not a pillar of economics principles in any economics course including graduate seminars.
They want a new class of slaves
@@carenburmeister5002 there is no housing shortage. Just a corporate greed surplus
I watched my rent space go up from 450$ per month in 2002 to 1200$ in 2011.
This family owned property of 350 spaces in Southern California was sold to 1 of these Wall street investors & they have no interest in keeping it AFFORDABLE.
Hi, man. Would you recommend living in Southern California? If not, which state is better?
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.
Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.
This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.
Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.
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.
I've lived in my mobile home for 25 years. The rent has gone up EVERY YEAR! It started at $525 a month, now its almost $1800. Once I'm retired I will no longer be able to afford the rent, even tho my house is paid off. It is disgusting what corporations are doing to people.
Sickening to read!!
So sick!!!
Wow, that is terrible.
So you saw the future and did nothing to prepare for it.
The hell don't you move it? it's a *MOBILE* home
Corporations truly ruin EVERYTHING, don't they???
Especially when they collude with government to craft regulations to crush the little guy. Ugh
Perhaps the answer is for individuals being screwed over by corporatism to fight back with corporatism. You have the absolute right to create, erect, found, and incorporate your own corporation. Use the private statutes they lobby legislatures to pass against them.
Spoken from a corporate device, on a corporate platform on the channel supporting corporate unions.
You all are the corporate problem. Corporate doesn’t exist without your unwavering support. ❤
@@TheSmark666 Poor people can't do that.
Especially when they collude with the gvt to pass regulations that crush the little guy. Ugh
What these corporations are doing is absolute wickedness.😡
This is sad, housing market is wrecked, renting a home is high, apartments are high and they now are taking over the last affordable option for trailer parks. Insane!!
Who do Americans think they are competing with for homes and food?
Hint:20+Million new comers have to live somewhere and suddenly prices go up. But ok, blame the investors that raise prices because of the increased competition. Millennials blame the Boomers and everyone keeps voting the same way. The standard of living has gone down because of uncontrolled amounts of new competition. 🤷♂️
@@allover4309 You are a Liar!!!
@@davidhollenshead4892 !
you are anAss!!! Lol
🤪
@@davidhollenshead4892 The liar are people like you, you think that allowing over millions of illegals to walk right in are not hurting the citizens here? Get your head out of your ( , ) !
@@allover4309 Well said.
This is the biggest economic story in America, and the corporate media won't touch it.
But they report stock market gains every day.
💯
It's repulsive how corrupt the western media is
The financialization of almost any industry in the USA has destroyed the fabric of society.
Hmmm, let's see how we can pin this one on "communist" China as well - US politicians
Flipping and price gouging affordable housing while our working class poor and our veterans live on the street is criminal .
Yet illegals given everything.
Govt happily allows those billionaires to make big profits.
Now in Florida it is illegal to be homeless!
@@newsongsung1147 sick
I am a veteran.
I live in a 3500sq ft house on 5 acres that's paid for.
Being a veteran does not condemn one to poverty. Bad decisions do.
These corporations are straight evil
I live in a mobile home community in AZ. Encore bought it in 2016 from private owners. Since that time, my rent has SKYROCKETED over 220%! It has significantly impacted my quality of life. When all of your income goes directly to housing, there’s nothing left over to have a life. They raised the yearly rent another $1,000+ for 2025 and now residents have to pay for garbage, internet, and basic cable which was included in prior years. Also, we are now required to our own yard work, which again was included in prior years. Upsetting to see an 80 year old neighbor on her hands and knees pulling weeds. Corporate rent gouging and greed in its most disgusting form.
All those things you mentioned rent & contractional agreements assure that people won't be able to keep up with being priced out in the future and in conjunction to not being able to physically maintain your property grounds therefore; making the tenant non-compliant which assures corporations/they're partners in crime "Governments" that the land will soon be abandoned so that they can forge ahead with whatever the plan is for it, like is happening around the world. At the end of the day it's about getting better control over the people who soon won't be able to make any decisions for themselves; the writings on the wall and has been for a long time. Blue states, Red states, Black, white, brown, yellow (with the exception of those who travel light years to help out earth) Christian or Muslim are in the same sinking boat; the plan is complete total dominance over humanity. They're professional instigating of turning people against each other with wars, racism and poverty the powers that be have caused us to be so distracted that now even if your eyes are starting to open it's TOO LATE to stop the plan! The good news is nothing last forever, not even your pain and suffering it is only for a short while. Spiritual battles cannot be defeated by man....
Ismerica was a good growth story for many decades because Jooish and WHTE executives only sought to exploit cheap labor overseas, like Nike. However, Ismerica is no longer growing, it's in decline. Stock market highs are artificial, and if AI works as well as everyone wants it to, 10,000s of jobs will be lost. The final nail in the coffin is this video: wealthly whtes and joos are turning and exploiting their own for profits.
Renounce your USA citizenship before they take that right away from you. BlackRock, Goldman, etc. are coming for you next.
boohoo. Move into a van, as I posted above, ZERO cost for housing, utilities, food or commuting. Presto, problem fixed. $3000, at most, from a private seller on Craigslist or FaceBook.
@@SonnyCrocket-p6hWTF! You are the problem. Move into a van?! What is your deal. I don’t want my grandparents living in a van. What a senseless thing to say.
Lay off the meth
I live full-time in an RV park in Quartzsite, Arizona. We have investors buying up parks. They hire 'managers' who harass the tenants to force them to leave. Many cannot afford to move their rig to another park. Once it is abandoned, the park owns it and rents it out. It's disgusting. We have 2 state laws for protection, but no one enforces the law. Please visit us in Q. We have over 65 RV parks and several low-income residents. We need you!
I live on SS. When I moved in 7 yrs ago my rent in a 55 & older mobile home park was $740 a month here in North Phoenix. 2 yrs after I moved in, the private owner sold it to a corporation. Since, my rent has gone up every year. This year I just got a notice my base rent will go up $98 a month. PLUS they are now making me pay an EXTRA $25 pet fee per dog. So starting Nov 1, my rent will be $1375 a month. I LIVE ON $1500 A MONTH SS. I have less than 2 months to try to find something affordable. Since I have 2 dogs, I need a home or mobile home. I AM SO DAMN ANGRY. I started looking online and the prices are out of bounds. What is worse, is at least 1/3 of the spots are empty or the home has been for rent or sale for THE ENTIRE YEAR in the park.
Need a non-urban form of rent control. Might help? They're multi-family communities, without any vertical facet. I'm no liberal, but clear abuse is clear abuse - regardless the political stripes. TFS
The wealthiest always win. No exceptions.
I get out to Quartzite once a year. I just went to that yuuuge RV show in February. Nice people out there.
Don't vote for anyone with a background in real estate.
My mom lives in a manufactured home community and I lived with her in it for a few years when I was a kid. It was sold to a large company a few years ago and they raised rents and I remember her telling me about some of her elderly neighbors who were on social security and Medicare that were forced out, absolutely despicable.
That's existence on Earth for ya. Only the wealthy can win. No exceptions.
Despicable and criminal.
It's just mean. Borderline cruel and unreasonable to treat people this way.
@@omniopen The same is now happening to us at Royalwood Estates Manufactured Home Park in Lynnwood WA! We have formed a new alliance group called, "Royalwood Residents Alliance" and are seeking legislation to help protect these parks and the 55+ seniors, the disabled and veterans who live here from a use and Economic Eviction! Please pray for us. We Need Help! 💜
Same elderly folks who were despicably cruel and hateful to others? What goes around, comes around.
This happens worldwide! Big problem in the Netherlands as well!
These protections should be ACROSS THE BOARD, in EVERY state.
You're absolutely right
Some states vote republican so thats not going to happen is it?
Every Country 🌍
these protections with no effect?
you vote republican so no way
This should be an hour long documentary and should be talked about on every news station and tv channel. It should be trending on Netflix, discovery, and every politician should be forced to watch it before they go vote on that bill
Cause someone forgets there’s a high power at hand and it’s called the government 😂 they’re getting paid out so I doubt they care
Dude, politicians are almost all sociopaths with 0 empathy. While they're watching that video, all they
will be thinking about is the large sums of $$$ donated to their PAC's to keep them in power receiving
those fat paychecks, killer benefits and eventual life long pensions. The politicians are immune to empathy
or human suffering. Municipal workers, firefighters, EMS and a very small police force with a small mayoral
office and city planning commission that people have to vote on first before implementation is all the government
modern society needs to day. Instead, we get 1/3 of our total workforce working in some type of tax payer funded
position. America cannot possibly continue on for much longer.
Like they give a damn
It was the GOP that killed the bill. Usual suspects... Yet poor white folks love their orange jesus😂
Yes, and too bad it couldn't be broadcast before the presidential election,
Evicting the elderly is violence
??? 😂😂😂
Also, think about this; The supreme court just recently ruled that it is legal for government entities ( cities, townships, counties,and states ) to make homelessness illegal activity. What the hell is the mindset of our government that allows a system to make people homeless and then make them criminal for that condition ? Our leaders are all insane and psychopathic fools driving this nation into oblivion.
100 💯 agreed
@@MRkriegsit’s fairly simple. Evicting a demographic who will struggle to find work and affordable housing leads to an inability to keep up with healthcare, mental health issues that can eventually affect physical health, and ultimately leading to quicker mortality rates. That is violence
It's inhumane
I am Brazilian and seeing this kind of video makes me fell very sad. By today there is only greed around the world, and the poor people are the most affected. What kind of society we become? Man this is terrible!
Hola mi hermano de Brazil! Hi there. I just wanted to say hello from the USA!
Sold our 2nd home back in 2023 because being on a fixed income…we could not afford the insurance, taxes and upkeep on two places anymore.
We had several big companies contacting us about buying it. We ignored them completely and sold it to regular people!
Thats what we need to do but most people will take the money.
thank you
One can only hope that these ordinary people are real and do not work for those companies.
Politicians, governments allowed this to happen. In Ireland, they buy entire housing estates and rent back to Irish at huge cost. These are foreign, US and Canadian, pension funds. Ordinary people are priced out of the market, and have to pay colossal rents meaning they can't save. All allowed by our government. It's disgusting
That's feudalism
@ofAwxen we live in the neo feudalism age. I live in a tiny house, I don't buy crap I don't need and I'm grateful for what I do have. The only power we have over these oligarchs is consumer. Don't believe you need more to be happy, don't buy their crap
There is an easy solution to fix all of this. The government just needs to tax land.
@@zyansheep in Ireland, more than a quarter of government ministers are private landlords... so that will never happen
@@ofAwxen It's called the ponzi scheme of bureaucracy. It has to eventually engulf everything to survive.
Oh yeah, the “American dream”. You mean, the “American dream for the 1% oligarchy”
Coming soon : American Hunger Games!
@@healingsoul13 the author talked about how she based it on television of seeing poverty and war on one channel and then a glamorous fashion show on the next channel. She based it on real life. Ain’t no coming up next, we are already living it.
Socialism for the rich, rugged individuality for everyone else
Yeah, cause you gotta be asleep to believe it.
~ George Carlin
And subsidized immigrants.
As a Black woman who's worked for over 20 years as a EKG tech until 2020, and I'm still struggling to live and pay my bills, the American dream has NEVER EXISTED for me and most Black people!!! If I could afford to leave America, I would leave without any hesitation!!! But I can't afford to leave, so I'm stuck here until I die in poverty and debt!!! Death is preferable now for me personally, and I'm not ashamed to say it!!!!
This is DEPRESSING NO DOUBT. And a lot of us are heading straight down that path and it’s terrifying. It feels like no matter how much you try and save or invest something happens at the convenience of the government and boom your 2 steps forward takes a 3 steps back direction. Take care everyone, God bless you all. Aloha!
The only G.O.D. that is blessing ANYONE, is GOLD, OIL and DRUGS!
You watched this and you think the government is the problem…? Wow, Americans really are not that bright
This isn't government.This is private equity investment firms. The average person needs to make sure their elected representatives know that private equity should be stopped. This is where PEOPLE become the government. "We, the People of the United States of America..."
There are more of us than them. We must organize.
Canadian here. We also suffer similar abuses due to the increasing financialization of housing (treating housing as an investment, rather than a human right). How many times have we been assured that "the market will provide affordable housing" (!) when the most cursory glance at conditions reveals this to be a blatant lie. In Toronto, the ending of any kind of rent control has meant that the average rent for a one bedroom apartment is now $2400 per month. Our provincial government thinks building single family homes in the suburbs is "affordable housing". It is all about greed, urban sprawl and profits over people.
You need to vote Turdo out of office. I'm sorry. I mispelled the name. It's Trudeau
Tents in parks are the new affordable housing sad but reality. I am also Canadian in Ontario
What these people have proven to me is that the market can't do ANYTHING right or fairly and we should abolish capitalism.
Canada is an unsurvivable hellhole for many people today. I'm glad I escaped, and can send remittances to help the people I care about who are still trapped in Canada.
@@donaldjamesderrick If you don't mind my asking, what country are you in now? Why would it be any better than Canada, when the problem is to be found in every part of the western world? People are going to have to double up instead of living alone, that is the reality.
Yet another example that America isn't a democracy, and absolutely everything is a commodity that can be purchased, including people.
America is a vast corporation, not a sprawling empire. Everything is incorporated.
Building a high society is an infinite game, not a “depreciating asset.”
A dictatorship
@@Vanderearden
As long as you have the right to vote, it is still a Democracy. The problem is GREED and STUPID and/or GULLIBLE PEOPLE. Vote while you can, this may be your last chance. Then you’ll really have something to b!tch about.
@@alexsmith-ob3lu: No doubt that America is a corporation, but I'd argue its also an empire. Over 800 admitted military bases globally. American corporations headquartered around the globe. At least 28 nations are client states of the U.S... That sounds like the definition of empire to me.
@@johnnychipello919: Actually, America is a fascist, plutocratic police state.
A dictatorship means an individual runs the show. Like a monarchy. America isn't like that. Multiple entities run America, but for the same end and means.
US should stop interfering in other countries and take care of their own people
My 90-year-old mother lives in a manufactured home that she bought 10 years ago. My sister lives with her, and between the two of them they manage well. They have a very nice house. The park they are in is run by a young man who has taken it over from his parents, who ran it for years. The lot rent has gone up over the years, but only in proportion to actual costs rising. The park is very well maintained, they enforce standards to keep it looking good, and she is very happy there. It will be a disaster if one of these private equity firms buys out the lot owner and raises her rent significantly.
It's going to happen, prepare and look to move as though it has already happened
@@homelessmillionaire1 It might not. The young man who's running it now it takes his parents' experience very much to heart. The family is well regarded and they make a decent living. Sometimes people realize they don't need more than that. Especially when they are not anonymous to their customers, but interact with them regularly. At any rate, they will stay there as long as they can, and hopefully that will be the rest of their lives.
Probably not an if but a when. Your mom will probably not face this crisis, but your sister likely will.
@@homelessmillionaire1 Where is there to go when this is literally country wide and all housing? They won't stop until we say enough
@@kmw8775 problem is they may force him to sell, i know one crazed money mogul thats suing farmers who wont sell him their land
They are preying on the poor. And shocker - they get the highest revenue off it in the real estate industry. Goes to show that just like Bernie said, "it's expensive being poor."
They will come after the middle class next, then the upper class. Its all orchestrated. You will own nothing and be happy.
The way these corporations are preying upon and putting the squeeze on the poorest of the poor is beyond obscene! If I had to pay through the nose for a dilapidated trailer house, dirty tap water, non-functioning pool and deserted community center, I'd be royally pissed too! Any guy who can buy and sell dozens of mansions like it's no bid deal while his tenants are facing eviction deserves a special place in hell!
And in jail first.
Same as Australia. Over 1 million people in nsw homeless living in cars.
Its been three years since I retired, and while inflation has made it challenging to maintain my lifestyle and even worse when I lived in the city, relocating to the countryside has helped to manage better, its lonely, as most of my friends and family are still in their routines but It's been easier to stretch my savings and hopefully, I won't outlive it.
I’m nearing retirement myself, and I had similar concerns. I started investing much later than most, and just relying on ETF compounding wasn’t cutting it for me. After working with a financial advisor, I managed to restructure my investments and am now on track to retire with around $4 million. If I hadn’t sought advice, I doubt I’d be as confident in my plan right now
I’m trying to figure out the best approach for my portfolio. How did you find your advisor? I feel like I need that kind of guidance
I usually steer clear of recommending specific people because financial needs are so personal. But I can say that working with Emily Ava Milligan has made a world of difference for me. I noticed her strategies are tailored to fit personal goals and make sense for different needs. It might be worth exploring to see if her approach resonates with you.
Thanks for that. I did a quick search and found her page. I was able to email so I sent over a few questions to get more info. Appreciate you sharing
Good luck with that plan. I found living out in the sticks to be more expensive. Food costs, gas, propane. Have to drive at least a half an hour to get anywhere. And trying to find capable medical care that is more knowledgeable than the local vet can be a challenge.
Only families and citizens should own homes. Corporations as well as investors from other nations should not legally be considered individuals or citizens. Our courts NEED to rule on this.
What proportion of homes do Blackrock and Vanguard own in America?
Good idea but we need to pass laws. In light of the Supreme Court criminalizing homelessness. I don’t have much faith in the courts
I disagree with "families and citizens". Many people do not have families but are citizens who worked for their homes. What I strongly disagree with is the government giving border crossers that benefit at the cost of letting US citizens go homeless.
@@AdamLeite that's a silly disagreement, citizens with or without families is just fine. I'm not sure about the foreigner bashing you speak of, but if you have any evidence instead of unproven hearsay I'm all ears
@@takethesquid Sorry, it was the person I responded to who said that "only families and citizens" should own homes. That is what I disagreed with. Kamala Harris has been promoting and more recently, Nancy Pelosi has endorse that $25K should be given to the recently arriving migrants so they can purchase their homes.
Those groups doing their "investor tours" were truly dispicable. Something must be done about private equity companies in this nation.
right, they were all posing for a picture in front of the mobile homes they are gonna price people out of! they are disgusting.
Nothing will be done except to make it easier for private equity to exploit people
It wont be because you will vote for Trump.
Ghouls!!!
@@TheVitamin421 I dont understand the long term value of doing this except for putting numbers on a piece of paper and extrapolating them out. If you price people out your going to wind up with empty lots, enough of those and your losing money.
John Oliver did a great story a few years back. These leaches literally on poor people.
I absolutely hate greed! With every fiber of my being!
Just think about how beautiful life could be if we treated each other with kindness, dignity and compassion
Can send me money and don't be greedy 😅😅😅😅
😂
Do you mean like the Democrats do? No thanks.
Blame millennials for the greed then, as they own more homes than private equity firms.
Greed is a part of life and it's necessary for existence. Keep in mind, there is a lot more at play here than just greed.
This is outrageous!. I pray that all of these communities win, and that this highway robbery and abuse will be stopped.🔥
Praying isn't going to cut it. You should see the lot rents in Phoenix, AZ for mobile home owners. And of course the lot rent makes their mobile home worthless. The lot rent precludes them from ever selling their home. Lot rent is commonly in the $800-$900 range. And of course, its worse in CA, OR, WA
Amen 🙏🏻
You have to THREATEN legislators unfortunately. I don't mean with violence. . .but paint a picture of homeless people all milling about in their hi falootin' business districts, panhandling people on the way to work. Appealing to their sense of right and wrong won't work. Never does.
This is why we have homelessness. And of course, the corporate press is not covering any of it. And the government has been complicit since Ronald Reagan
Ummm, no. When I was in my 20's in the 1990's almost all apartment complexes and mobile home parks
were individually or locally owned. This all started under W Bush in the early 2000's and Obama did NOTHING
to stop it when he took the reins.
It goes way back before that. Obviously you didn’t read 1984
Way before Reagan
In the future tiny homes and pod buildings like they have in Japan will be the standard of housing.
@@Professor__S
Reagan ruined everything.
This is sick! I’m so disgusted
The worst is when investors buy up mobile home parks and proceed to kick them out, demolish the park, and build luxury apartment buildings on the site. It's happened time and time again in the Salt Lake City area.
It's happening right where I live in metro Atlanta too
Shoot, and in Las Vegas, developers aren't building homes to buy. They are building new homes in large developments specifically to be rented.
And people wonder why the homeless crisis is so bad
Why is the leadership of these companies still breathing air!?
Publish their names and addresses
@@willclayborn1220where, of Fulton industrial?
🌹I think the retirement crisis will get even worse. A lot of people can't save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won't have a house to retire with either
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This is happening with my mother's community. 1 month after she downsizes into a manufactured home in a 55 plus community north of Pittsburgh, private equity buys the community, raises lot rent by over 40% and starts passing previously covered utilities like water and trash to the tenants.
Exactly. That's what the "trickle down" criminals are doing to many Americans. Many elderly are in these parks and are being ruthlessly exploited by the filthy rich and at a time it's hardest where they are on fixed incomes and can't do anything like they could when younger. It's crazy the government is allowing this
They know that Pittsburgh is inexpensive too.
Anything to make life difficult for people who are already struggling.
Its a messed up world :/
Yeah, we find a solution to handle her tightening budget, I buy a modular home in a nice community and have it remodeled for her. I was happy to do it so she could maintain her independence and self sufficieny. She moves from her high rent apartment, expecting a $450ish monthly fixed cost and bam, price increase most of the way back to her old rent and I have thousands invested in the building so now we're committed long term. It's like the video said, it's hard to get out of these places without a significant cost.
That's why you never put a manufacturer or mobile home in a park situation because things can change with the property ownership and put you in a serious dilemma. That's why as a real estate investor for many years I always tell my friends if you're going to get into something like that put it on private property and you just pay your taxes and try to stay out of a HOA situation
Housing is like eating, it's a basic need.
What kind of society treats human beings this way?
Your precious United States of America, The land of The free.
Corporations and western society treats human beings this way.
Wage Slaves are nothing but Wage Slaves to them.
capitalist = literally money before people
Capitalistic society, duh!
Imagine doing everything right for 50 years. And it somehow isn't good enough.
Always trying to gentrify the entire country. And our country's neighbors too.
"If the American people ever allow private banks to control the issue of their currency first by inflation then by deflation the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." - Tommy Jefferson
Brilliant stuff! Got any more to post explaining this please?
Imagine doing that for 400+ years w/o pay and still told to just get a job!
This isn't gentrification; this is destruction of the poor. These slumlords don't even keep the parks in repair.
Storage facilities are the next target. The storage companies are going up $50/unit with only 30 days notice and no reason. Just greed.
That's because a lot of people are living in storage units. That's not a fiction. I knew a guy who lived in them.
Yes, agree totally. People get trapped + storage fees double in 4-6 months.
Yeah, the greed is insane. I started renting a place in Canada in September of 2021 for about $145 a month. By this year it had gone up to $211. I ended up having to downsize. I just can't stand greed like that.
I feel you're pain. Storage facilities raise rent every year, just like apartments. I call paying the rent"paying the ransome" for my possessions.
There is a giant one being built right now by Sacramento. They are confirming the housing crash and subsequent foreclosures and need for storage.
Here in the Uk we have an equivalent, it’s called Leasehold. It could be a caravan or a house or a flat but the land it’s on is privately owned and ‘leased’ to the owners of the property.
Exactly what is happening to you is also happening to us!
If you can afford it don’t buy a leasehold property.
I managed the manufactured housing stock for a county auditor for 6 years. It won't take much of an increase to push people out of these parks. It's horrible. They are displaced at the absolute worst time in their lives.
Sickening.
Kicking people when they are most vulnerable is monstrous behavior for flash and blood humans. It's also a guaranteed to be financed business model for the corporate persons the courts care about.
what is sad my hubby worked for almost 60 years paid into the system and they are talking of decreasing social security, I want a refund.
And those vultures know that
And they most likely find it amusing
@@emilyfeagin2673 They consider themselves superior
And they fully believe only they're deserving
As a native Floridian, I’ve lived & witnessed this experience, as a renter. What a gut punch after a Pandemic. “Freedoms” my ass
Freedoms for the Rich.
Socialism is a rich tool. They open banks, we put our money in. Banks use our money to loan to other people. Protecting the rich persons money and then lending us our money when we need it. But if there is any sort of error or whatever, depending on the bank you could lose all your money. But the rich person who backs the bank, is fine.
Rich people get so much for free. They spend a week at burning man, leaving money behind and relying on trade and socialism.
@@kudanavadmont1242 Capitalism is the tool of the rich, fool. Capital is wealth.
@@kudanavadmont1242 Socialism? Really? Socialism is out there saving people from the effects of capitalism. Food banks are socialism....money banks are absolutely not.
@@chihirostargazer6573 Banks are not socialism for us. Rich people use them to protect their money with our money.
"Socialism for the rich and capitalism for the poor" is a classical political-economic argument asserting that, in advanced capitalist societies, state policies assure that more resources flow to the rich than to the poor, for example in the form of transfer payments.
@@chihirostargazer6573No it isn’t, socialism makes the elites richer and screws the poor even more. Example: Bernie Sanders, millions in wealth and many mansions all while screaming socialism is the answer! Please 🙄
Corporations and foreign investors should not be allowed to own residential property. Eliminating that, along with "mortgage-backed securities" would go a long way to solving the housing-price problem.
This is called capitalism, and they need less of it to protect its citizens from corporate greed.
This is why America has a homeless issue. Corporate greed is out of control!👿
Greed is not the problem! Corporations are not the problem, individuals can do this too! The problem the fact that anyone with money can buy land and hold on to it while extracting rent from anyone who wants to use their land. *We need a land value tax to fix this!*
Yet we keep reelecting the politicians that serve the corporate lobby money.
That’s the foundation of USA ❤❤❤❤. Wealth is created by transferring it from large groups to smaller groups. Socialism is the antidote - but not in USA❤
I support corporate greed
@@SVmathfarmer why are you using heart emojis for this topic ?
Did that frank Rolfe guy walk people around that park like they were visiting a zoo??? Bro!!! That's diabolical 😢
It's just how they are. They don't look like much. But on the inside, they're always upset with the whole world.
Like a supervillain. If he wasn't able to talk.
I hope Abba Father deals with him soon...
@@lisabrickner6004 Amen, he owns the park I live in, bought it 4 years ago. Been praying for his soul but it hasn't worked so far, did for a little bit three years ago... Had to pay an extra $654 bill to keep my dog for Christmas last year. I had to buy a $100,000 dog bite insurance for an 8 year old dog that goes outside in a fenced yard under my supervision to go potty for maybe a total of an hour a day. Got her accepted as an emotional support animal (she really is) and had forgotten her vaccines being the 1st anniversary of my fiance's death. So it was suddenly required to have or be fined and charged new pet deposits and monthly pet rent? Was 25 days late on her vaccinations so I think they knew I had a dog and didn't suddenly notice I did like they claimed. I've lived here 15 years with a dog and never had the lot rent double like it has in the last three years. Did write him a letter the 1st year he owned the park and he rescinded the lot rent increase that year. God heard my prayers and had mercy on me and my neighbors. Really had hope he would turn his ways around and stop destroying innocent people financially being greedy. Still reeling over the pay up or kill your pets for Christmas game last year. What a way to say Merry Christmas, pay up or kill your dog in a crowded shelter or be fined to death until you comply. We have window covering fines, parking on sidewalk fines, speeding fines, using the dumpster fines, weed fines, skirting of trailer fines, registration of vehicle fines, parking no more than 2 vehicles fines, yards not tidy, dog running at large fines, and can't remember what else.. oh yes, the new dog fines for vaccines and $100,000 dog bite insurance an inside dog doesn't need, to add an extra Christmas financial burden to the backs of the working poor. Oh my Jesus, forgive us our sins, save us from the fires of hell, lead all souls to heaven, especially those most in need of your mercy. Amen. God have mercy on all the residents of trailer parks that got greedy new corporate owners. God please have mercy on us! Amen.
@@eksbocks9438 I hope someone makes him not able to talk anymore
@@ianover6838or walk
Corporations should not be able to buy homes. Period.
well corp are owned by people and people are allowed to buy homes, they will just do so in a different way, the problem is not private equity the problem is with the people who are greedy dont love God or neighbor or Gods standards of right and wrong. who forget we are in the last days of this wicked world. their money will be thrown into the streets when Gods day arrives. people think you face judgement after you die, nope we are in a judgement period right now, judgement is based on peoples response to the Good news being preached and taught right now. people just have not paid attention, matthew 24:14 God evaluates peoples response to this goodnews of his kingdom (government)
That would be anti-Semitic; not happening.
@@robertfrye-kk2qyWhat are you on? 🙄
Don't forget that many pensions are invested in private equity firms. So the very pension check these people receive could be from the firm owning the trailer park.
The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.
I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.
I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too
I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.
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 ‘’Sophia Maurine Lanting” 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 this tip. It was easy to find your coach on web. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.
The problem with this country is that it pretends to fight poverty but actually just fights poor people. It takes away all options for the poor and leaves luxury as the only choice, and nobody can afford it. We tear down cheap "ugly" apartments and build fancy ones.
I feel like they’re pretty honest about not giving af. Politicians will say anything anywhere but how many people do you know that actually cares enough to do something?
@@epursimuove1633 They're all villains.
And those fancy apartments--excuse me, "luxury condominiums"...they sit empty for years before a few of them get bought up. But the building is NEVER full to capacity...
(I really think a lot of those building projects are just money laundering schemes, and that city governments are in on it...)
Agree. Plus, these so-called "fancy" ones look pretty and shiny but are built with cheaper materials and will deteriorate earlier.
@@cygnusaurus They've been doing that over the last 10 years, in the city I live in. 😞
This is happening where I live. Manufactured homes were suppose to be affordable housing. Now seniors disablled or retired are facing rent increases that price them out of their homes. Rents so high slow private sales basically trapping us. Seniors are the highest percentage of homelessness and suicides. No one in the U.S. should allow seniors to come to a choice of homeless or suicide. Stop the corporate takeover of affordable housing and give the seniors the dignity to retire without financial ruin.
Parasites will always look for new opportunities
They lease they made me sign says I need to give them 3 months notice before I sell. And pay them 1000.00 if I'm on lease. Which they make you sign.
Lot rent was 330.00
Now its 550.00.
@@trudybarnhart2423 Thats sad. Greed is the new norm at the expense of those who can't afford. Our lot rent went to 850 and they no longer do yard maintenance or tree work leaving on elder residents who are financially strapped. The street lights in here light for about 60 seconds before turning back off and we have a Cayote problem killing the park cats. They also wont allow residents to go to clubhouse during violent storms here on west coast Florida. New resident pay 1050. in lot rent. It's a sin.
@@stacyhochstein61451050 for a mobile home park is insanity
Why do seniors get dignity when poor young ppl don’t?
Or middle age ppl?
Old ppl don’t get anything for being old.
Except here they get subsidized income 🙄 just because they’re old. My aunt got SS and had hundreds of thousands. And she got Medicare! But poor families can’t get any income or Medicaid unless they literally have nothing.
*I lost my job, no family wanted to take me in. Got angry, moved to another city became homeless, got a job as security officer, I was able to invest in forex making $278k.Bought my first house last week. I pray anyone reading this will be successful*
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I work at a restaurant here in Houston Texas. Things have been really difficult as I'm a single mom and trying my best to pay bills and take care of my daughters.
I started pretty low investing in forex though with $5k thereabouts. The returns came massive. can't be more proud that I'm right now, and I have move in to my new home (ALVAREZ HARRY FLECTCHER) is a Blessing to my life
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They profit off of people's pain and still manage to eat and sleep well..hmmm..sounds like demons to me.
That's why you see all these ads on tv for sleep medications. They can't sleep. Some are addicted to making money and can't take a break to sleep. Other's can't deal with what they've done but can't stop. The love of money is the root of all evil.
You got that right.
certainly not human
@@Fancysymbol certainly pure evil
They congratulate themselves for being smart and hard working instead
I live in a massive manufactured home community. It's a city of manufactured homes. It's an actual city with streets and a sewer system and a government. They're not like old school trailers, they are manufactured homes. There is no lot rent. The lot and home are both owned as one. There are many home owners here, but there are also many renters here, too. So anyway, the rents for these places were like $500 per month about a dozen years ago. But what has been happening is when a homeowner sells their home or they pass away, the home ends up getting bought by a corporation who intends to rent the home out, and the corporation is often a corporation from another state. Then they go into the home and do repairs. Sometimes they do good repairs, but often they just put a new coat of paint on it. They don't fix the roof or put in a new AC or put in new floors or put in new plumbing. Sometimes they might put in new appliances. Then they put it up for rent at $2000. Then a family usually moves in quickly because that family is in a tough spot and can't afford to rent a concrete block home for $3500 per month. So they end up paying $2000 per month just for an older manufactured home which needs repairs. The wages around here are low and definitely don't support that price, so the family sometimes gets evicted after just one year. It's really sad. That situation is common here, too.
What state is this?
Who is running the community? Who determines snow removal and community buildings? Do you have a group like an HOA, but for your manufactured home community?
This "HOA" needs to make rules of no renting. The owner must live on site. (You can rent out a room in your trailer, but you must be present as the owner).
Black Rock is in this business. They say by 2030 you won't own anything and you'll be happy. I don't know about the happy part but they aren't fooling around us not owning anything.
We will soon become generations of refugees in our own countries. It would be better to invest in a campervan than a "mobile home". I can't afford to retire. If I'm lucky, I'll work till I drop. I have this constant feeling of dread and an urge to sell most of my possessions, in order to lighten the load (the way a pilot jettisons fuel when there's the chance of a crash).
@@justinesorel6325 Everything you wrote is exactly how I feel 100%. I have this urge to drop all the balls I'm trying to juggle in the air. This feeling of dread is overwhelming and I sometimes wake up at night choking. It's fast becoming impossible to even exist anymore. I've begun letting go of thoughts of things I believed I needed. My life has whittled itself down to food and shelter and medicine. When something like shoes wears out, I'll buy a cheap pair. I'm learning Depression Era cooking. Waiting for the bottom to fall out though.
A company like this had my grandmas bank account on auto-pay. They charged her rent this month, after she had already passed. The private equity firm that owns the park took extra time processing the title so they could charge a dead woman who survived off social security and food stamps.
That's pure psychopathy
That's criminal. Go get the greedy b's
The lowest form of life.
That is disgusting pure evil. I am sorry for your loss.
I'd say they are vultures but that would be an insult to vultures who perform a valuable and necessary role in this world. Perhaps parasites? The world has become so atomised and transactional.
Affordable housing?? Lot rent is 600 to 1,400 a month.........
"there is no American dream anymore, it's just survival"
Wow, she hit the nail on the head
That hit me hard too.
Have you ever seen ‘Requiem for the American Dream’?
@@meganann3876 I have not
@@Nick-fi1mc I can’t share a link but you can watch the trailer. Noam Chomsky can be controversial but ‘Requiem …’ and ‘Manufacturing Consent’ are unbiased topics.
Not just for housing...look what Private Equity Firms have done to once beloved companies like Sears, Toys R Us, etc. The come in, saddle the company with debt that they can never repay and then pick apart it's carcass bit by bit!
Right on. And the bankers give them the money to do it as well.
@beachdweller3378 and our govement bailed out all of these shitty companies during the pandemic. Not even the govement cares.
No, K-Mart killed Sears through mismanagement, that wasn't private equity.
I have been saying it for 2 years, the single biggest thing we can do to free up affordable housing and get a handle on a rental prices is to push private equity out of owning single family homes. I'm not a huge fan of government regulation, but this is one place I would have no problem setting a boundary that only private individuals can own single family homes, and even then there should be a reasonable number of homes you can own.
I agree- large corporations should not be allowed to purchase single family homes and small investors should be restricted to the number of homes they are allowed to own- we had a man in my town owned 450 homes and they were all shitholes- there needs to be some regulating with this
Funny to see “freedom fighters” talk about socialist measures. Capitalism is not perfect. It only leads to greed and rich accumulation.
Same thing with healthcare.
But then GDP would go down... and apparently GDP going up means our economy is doing well.
Agreed. Agreed. Agreed.
Evidently my comment got deleted. My park in Tampa was purchased a year ago. They doubled my rent from $580 to $1300. The owners never fixed anything, and neither do they. And now we can’t move because the cost of living here is so high, we can’t save money to.
You may have to sell and get an apartment.
They're slumlords. Isn't withholding rent legal until repairs are addressed? This is really sickening. Also, if you can move, it's possible the same thing will happen someplace else. It seems like they're buying up all the mobile home parks.
S1300 as per Canadian standards is suddenly considered cheap. Imagine how horrible canada is...
Apartments are just Prisons with a Pool
I’m 43 and disabled, I draw $943.00 a month. I can’t afford a rent, I’m sleeping on someone’s couch. I’m terrified of being homeless yet I’m heading that way. The cheapest rent in my area is $1,200.00 for a trailer, I can’t afford that! “ There’s no America dream anymore, all it is survival. “ she nailed it!
Does your brain still function? Are you creative or smart enough to do more with your life than watch tv or sleep 12 hours a day. Can you support your community to gain new friends and skills? I lived in a rented room for $400 in the military because my family was in a different state. I had to pay all the taxes and rent for that area and pay for my small bedroom just to support our government to keep everyone safe. I had no car and barely enough to eat on - luckily the base had a food court which I lived off $10 a day on food. I did this for a year because I had to. Today I have pain pump and spinal stimulators and still have to provide. How I did this and continue is I don’t watch TV, I don’t go out, I just work and come home in extreme pain, work using my brain on projects. What happened in the past sucks but it had to be done. Today I know what I did helped countless others to live in a free nation. So take the money you get for free, and work to better yourself.
Greed and Freedom are opposite each other in life. People can't even live in America right now. This era of US narcissism must come to an end.
Housing crisis, health crisis, financial crisis, cost of living crisis, debt crisis, inflation crisis, Middle East crisis. How many crises can we endure? As I approach retirement with a solid financial cushion, I'm anxious about a potential banking crisis. Is private equity a good option to grow my money securely? Any guidance in this regard would be much valued.
I would advise the counsel of a seasoned financial pro. It may seem expensive, but as the old saying goes - "you get what you pay for" "Expert solutions require Expert providers" - my mantra
Agreed, investing with the help of an advisor set me up for life. Retired with about $1.6m in stock portfolio only. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. Supplementing my income with stocks and alternative investments helped me by far beat the retirement age before 65.
I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I look up the professional guiding you please?
The advisor am currently working with is Judith Lynn Staufer. I came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.
excellent share, Just looked up her name and spotted her consulting page ranked top. after reviewing her credentials i reached out to her.
I'm Canadian, but I hate this world. It's so cruel and greedy. I want to get off.
A men brother it's absolutely terrible
I agree
too bad it is not like before in the 1900
Where people helped each other and where everything was safer
this has happened in Canada as well..most rent in almost every "city" has doubled in less than 10 years .homeless issues in canada is a major issue and government is paying lip servise to fixing it..this Private equity stratagy is happing in most western countrys now.
A world changing event is coming!
@@BurleyBob0010+1
This is horrible ! It needs to stop ! Greedy corporations! Shame on these private equity firms! Shame on you!
Maga money 💰
I don't know if you've noticed, but Republicans today, they don't know that word. Or ethics. Or morals. And the Republican voters don't know the word decency as well
Its not surprising since most of the CEO/share/investor holder either jew or chinese.
The people causing this are not human
I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.
I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.
In the 80's my Dad worked a modest job, Mom stayed at home and raised the kids, and they lived a nice middle class lifestyle including owning a home. Nowadays both I and my partner works and can barely afford to make ends meet. Soon the kids and family dog will need to work to keep this household going. It's the destruction of the American dream right before our eyes.
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
I was a late bloomer, but Tracy Britt Cool Consulting, my financial advisor helped me bring it all together and got me into crypto. Now retired for 6 years at 72, my managed portfolio with Tracy generates about 9k a month on average more than my RMD on my retirement accounts. Not real big, but together with SS we're able to live reasonably with 160k a year. While being mortgage free.
She is really a good investment advisor. Was privileged to attend some of her seminars.that's how I started my own crypto investment
Despair and homelessness running rampant throughout America
More Perfect Union... Please do a story on this situation: I live in a rent restricted 55+ apartment complex in Stafford, VA. Bought by Blackstone and now the rents are going up crazy every year. Many people have already had to move. Idk who has ended up on the streets. No end in sight. 😢 We don't even know how to check to see if they are raising rents above the restrictions. Most of us live on SS and/or are disabled.
Yet - women will happily marry these private equity losers….
Nothing has changed since Adam & Eve
Call your city government. Vote. Attend your city council meetings. A lot of times, companies if they are checked by the city, can be in big trouble if they evict seniors or the disabled.
They aren't evicting. People are just leaving because they can't pay the rent anymore. As l said, many are disabled, including myself. Idk if I have the mental, physical, or emotional wherewithal to pursue meetings or to be an advocate for all of us. That's why I was asking them to do a story on our situation.