American Dream Stolen By Corporations...
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- Опубликовано: 5 апр 2024
- Future homeowners! 🏠 Have you ever wondered why it's becoming harder and harder for families to buy their own houses? Well, get ready to dive into a big problem that's shaking up the housing market - build-to-rent homes. 🚧
In this eye-opening video, we'll break down what build-to-rent homes are and why they might not be great news for the middle class and the American Dream. We'll show you how some big companies are playing with the housing market like it's a game, leaving many people stuck without a way to own their own piece of the American Dream. 😞
But don't worry, we've got your back! We'll give you tips on how to spot these sneaky tactics and ways you can protect yourself from getting trapped. Because everyone deserves a fair shot at owning their own home, right? 🌟
Don't let the dream slip away - hit play and join us in the fight to keep the American Dream alive! 💪 Don't forget to share this video with your friends and family so they can stay informed too! Let's make a difference together! 🌟🏡 #housingcrisis #americandream #realestate
The rise of build-to-rent homes in the United States is a plan to crush the middle class and the American Dream. This video shows you how they are manipulating the housing market and how many people are now trapped. Don't let this happen to you!
Brought to you by:
Jerry Pinkas Real Estate Experts
604 N 27th Ave
Myrtle Beach, SC 29577
843-839-9870
🟢 Start Here! - www.HomeGuideMyrtleBeach.com
Disclaimer: All information given in my videos is meant to be educational. This video is not intended to replace your research or provide legal, investment, or financial advice. For legal advice, consult a lawyer.
I definitely believe corporations buying single family homes is causing the increased cost in housing and also limiting supply. Thank you for your honest coverage on this matter!
Obviously it has nothing to do with the fed keeping interest rates low, or the endless spending and depreciation of our money by the government.... nooo it's those darn corporations
Corporations are individuals that have LLCs.
@@Lumpia_In_Texas So what is your point? I don’t need to know the definition of a corporation…point is, “individuals” as in, more than one, they file taxes differently, are for profit, and liability is not the same as for an individual. You people kill me in the comments trying to justify this BS. You must be an investor or “corporation?”
@Jenjenn1111 not my fault your poor.
@@Lumpia_In_Texas You know nothing about me…not my fault you’re consumed with greed!
Remember during covid when the guy got in trouble for buying pallets of hand sanitizer (to create artificial demand) and sell them at 4x the price? Well, this is way worse and no one is doing shit about it.
That guy didn’t bribe enough politicians. These corporations do.
Well, that explains a lot. Corporations buying up the available housing 40 % or more and turning into rentals. Those bastards need to be stopped.
Remember when we could buy a software for life and get free updates ? Now we pay them monthly for life. Same business model.
Corporations are turning our lives into a hundred monthly payments to use things that they own.
If I were king I’d ban Corporations from owing peoples houses.
Its just regular people with llcs that own multiple homes.
@@Lumpia_In_Texas Yeah I know , those folks have always been there. Corporations owning 80,000 homes not cool. This has corrupted the Normal market. UnBridled Capitalism with Government help is bad. Normal Capitalism is ok. Young folks are pissed off and are not happy.
Try Blackrock and State Street Research instead of the small scale investor, you are not looking at the bigger picture of the real problem.
@@seasidesc2684 those are only 2 companies. There's hundreds of thousands of individual investors that own multiple properties that also drive up the cost.
@@seasidesc2684they are both a problem , the LLCs and corporations , some private people with LLCs have over 20 homes
The top wealthiest own 44T in assets. The USA GDP is 25T. The national debt is 36T. Obviously private equity owns everything except the debt. That is foisted onto the citizens.
Teddy Roosevelt warned Americans of monopolies and enacted The Sherman Anti-Trust Act to break these greedy corporations.
Problem is, all Rethuglicons and some Democrats refuse to oversee the laws we have and enforce them.
Then add to that, the 6 reichwing politicians in black robes on SCOTUS doing the bidding for their reichwing billionaire donors--AGAINST The People.
Americans better vote for politicians that work for them, not corporations.
We all know, these days, the stock market seems like the center of attention, and it's a place where fortunes can be made or lost.
Always be cautious and well informed before making any move.
I agree, Investing in the stock market can be a bit like navigating a maze. Without the right aid, it's easy to stumble into pitfalls.
High-yield dividend stocks come immediately to mind as they offer steady passive income streams at inflation-beating levels, for a certain return should these crazy markets turn south.
Absolutely. FOLMAR ADVISORY dedication to client success sets them apart. They prioritize transparency and tailored solutions, ensuring clients receive the guidance they need for a secure future.
We scheduled a call hopefully I can get a better insight into my portfolio.
Yep, the plan-demic.
We actually had to outlaw Air B&B in our area due to what RESIDENTS were doing to our housing market along with "invetors"....I think a fixer upper is your best bet if you can manage it but we now have a new problem of high taxes and insurance that is turning buyers off, now these homes simply remain empty at a time when so many people need an affordable home.
What happened to the monopoly laws
So you think it is better they are sitting empty rather than a resident using it as a short term rental generating income and taxes for the community and upkeeping the property? Sounds like the plan backfired. Everyone keeps trying to put the problem on short term rental owners when in fact overall they own a small percentage of the residential real estate market. The problem is the big investment companies like Blackrock and State Street Research, etc. buying up residential real estate around the country, sometimes whole or big chunks of neighborhoods and possibly taking those homes permanently off the market for purchase and only available to rent.
Sitting empty well that's attractive. Good job running off potential buyers as in Air B & B aka sm business. You do understand Air B&B doesn't own the homes right?
No mainstream media will cover this issue & no politician will try to address this issue. Preventing equity firms from owning single family homes is the easiest way to fix the housing market. Yet this will never happen as the media & politicians are all owned & controlled by equity firms.
You know what they are covering tho? Squatters. They're airing all these made-up stories about homes being stolen to denigrate squatters' rights laws... most likely to make it easier for home hoarders and banks to exploit renters.
There's a housing crisis going on, and that is the problem.. not the people looking for shelter because there are no homes.
The media HAS covered it and they've made Blackrock the scapegoat. This is where you're being fooled. Immigrants are allowed to buy homes here. That's the real problem. THAT'S what the media hides.
I no longer call it the American Dream, but the American Fantasy. I've given up.
It's easy to give up and that's EXACTLY what the greedy CEOs, business heads and Private Equity firms want us all to do.
Change FOR The People NEVER comes from the top; always starts at the base with The People organizing within our own communities--using local politicians, including running for office ourselves to change our laws and protect ourselves.
Unless & until more Americans understand no calvary is coming to help us--that we must get together and change our own town/city laws, nothing will improve here.
Apathy helps greed exist.
Blackrock and Vanguard
The Blackrock thing is overblown. Immigrants buying homes is the problem.
You will own nothing and like it. Now granted if you have to pay taxes on something you don’t own it but looking at it as an asset you still lose out. Add in not being able to get insurance and the only buyers left are cash buyers. It’s a big club…and you ain’t in it.
The bank, HOA, and IRS own your homes. If you think you own your house then you’re insane
The Federal and State Governments are complicit. Now people are renting out individual ROOMS, or even a bed within a Shared Room…at prices that are equal to a full month’s rent!
The Federal Government NEEDS TO STOP THIS!
We need to boycott these investors groups
Not too long ago, you can buy a house, now you have to rent one thru a corporation, this is happening very much in Florida, which is a Republican state, mobile homes were affordable, now the lot rents are insane, whatever happened to buying a home and just paying property taxes on it.
🎯 Project 2025 isn't just Dumpty's plan--it's what the reichwing billionaires want.
Charles Koch, since 80s, wanted only government for him and other greedy uber rich, basically whittle it down to military purposes, only. Privatize or get rid of everything else. ALL Social safety net programs should only be left up to churches and charity. 😮!!
So to see Gov DeathSentence promote fascism, he's paving the way there in FL, like other red-ruled legislatures across the country.
The Democratic party is the only other power structure and all of their plans, if they have any are merely defensive, not offensive and The People need real serious plans to reverse this cancerous ideology.
Americans, we have work to do. Blue ballots is just the 1st step. Idk that enough ppl are waking up. 😮
You can still buy a house, you just have to do your homework like he said in the video. It could always be worse, you could be living in a blue state where the Democrats have taxed everything to death.
All real estate in China works this way. If you "buy" a home, it's only for a period of years and then it's not yours anymore. It's the example we're following.
The harder it gets the more appealing people will find the idea of moving abroad and buying a home there for a much lower price than in the USA.
It’s happening all over the world.
@CS-le4bs So what will the rest of us do anywhere? I guess buy a home or condo in El Salvador or Nicaragua.. .
@CS-le4bs Let's see what Jerry thinks!
We leased a home for 10 years. Our landlord died last year and the family put the duplex up for sale this week. With rents so freaking high now, not sure where we are going to go. I wouldn't normally sweat it, but I am caring for an elderly parent with Parkinson's and I can't work out of the house very much because she is having trouble walking and has fallen twice in the last 2 weeks even with me home. Parkinson's can affect your heart and blood pressure. Her blood pressure drops really low and she gets faint when walking through the house. She does use a walker, but a sudden drop can put her on the floor. How do you care for a parent when leases require 3 times the monthly rent, a min 620 credit score and you have to their live-in caregiver?
Look into using nicotine for treatment of Parkinson's as well, game changer for some. Look up information put out by Dr. Ardis.
It sounds like your Parent may qualify for Long term care? It would also allow for a fresh caregiver every shift instead of you 24/7. A lot of People end up qualifying for Medicade to stay in LTC. You should at least look into what your options are going to be as this disease process progresses.
“It’s called the American Dream because you have to be asleep to believe it.”
- George Carlin, 2005
They want everybody making payments for the remainder of their life.
There is no rich without the poor to enslave in forever more debt.
Imagine the banks and other vultures are removed from the equation.
Then, and only then, is there a free market. Prices would then be based on what you earn and save, and not on how much debt you can get into. 😳
It's been going on for well over a decade, folks. When I bought my home in 2012 when the market was very undervalued but starting to rebound, these dirt bags were all over it. And the homes I was looking at were in very average areas and needed a lot of work, and still they were being snapped up in a matter of days. I was lucky to get it, and I am sure it's worse now. I've been saying since then, we really need to do something about this. If these companies want to be in the real estate business, let them go build them. The sad fact is, one or two of these bigger players isn't even based in the US (I recall one was out of Toronto, CA). This is one the biggest threats facing our county overall- the economy and the future of those hoping to own a home one day.
🎯 × 1M. In the larger picture, we have The Sherman Anti-trust Act from Teddy Roosevelt days to protect us from monopoly takeover but CONservatism & Ray-gunonmics for over 40 years has slowly but definitely eroded our rights and power in DC, handed it over to greedy corporations.
Voters, all Americans need to stop putting any Rethuglicon in power and get rid of pro-corporate Democrats--starting in local governments throughout our nation. Then push through laws on the local level to outlaw or atleast severely limit Private Equity and foreigner investors from more of this greedy depravity.
Unless and until The People organize within their communities to end this, nothing will get better.
Change FOR The People throughout our history has NEVER come from the top; it starts with all of us at the base.
There’s no future at all for the average young-er Americans
Makes you wonder why home insurance has doubled! I guess so we can’t afford to compete!
Thanks for info. And keeping us informed on the situation
Tax the daylights out of institutional investors!
Jerry’s videos encouraged us to sell our home in Clearwater and move to South Carolina.
Big mistake!
GREAT video!!!!!
Jerry, I have been on a soap box for 2 years screaming about this, and how it is BS to family and friends.
You need to please spearhead an initiative to stop corporations from doing this. Laws need to be passed banning this practice from happening. Also foreign investors need to stop this practice too!
You have a 150k subs, and you can get some things moving!
It will also help Real Estate professionals like yourself.
Please do this for the young people, the young families, the 1st time home buyers. They really need someone to step up and try and help them out.
Thanks in advance!
007
Empty house tax helps to solve this problem with 100% of the the money collected going toward building lower income housing.
Is this your idea or are some progressive cities, towns actually doing this?
@@andreah6379 My idea
"The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all. But rather an international criminal syndicate."- Eustace Mullins.
Where can I find unlisted properties, anyone know a way? Home flippers or "wholesalers" are also gobbling up affordable properties 😔
Sad. Florida is so bad for this
Great video 👍
In Snohomish County and maybe further on, for several weeks - men and women ran ads saying WE WILL BUY YOUR HOME IN ANY CONDITION,
YOU DON'T HAVE TO DO ANYTHING, just sell to us and leave. I haven't seen the ad lately, perhaps that offer is over.
Thank you
Interesting- is there some data (% of new builds) that are being purchased? Maybe some states are seeing a much bigger impact. We are thinking of moving to SC and see a lot of new build neighborhoods going up. Is Lenner and the other big builders selling these homes to investors?
Very helpful
🔥 video Jerry
Congress needs to legislate this practice into non-existence
I'm mostly in favor of the free market, but in this case I agree with you. At a minimum, the prices/taxes they pay need to go up for each property they purchase.
@@kevinmach730 A "Corporatocracy" is the furthest thing from a "free market", it's not a level playing field.
Congress is bought and paid for. Mega corps run everything
How many in congress do you think own income properties? Probably most, if not all. They have no interest in changing the game when it’s already rigged in their favor.
@@singleproppilot it's not the fact that some if not all members of CONGRESS possibly engage in the activity, it's that the LOBBYISTS for the CORPORATIONS actively involved in this real-estate heist have said CONGRESS in their back pockets with financial kick-backs allowing it to continue
Just want to vomit today....CA 1BR home now has offers of $2M for ~350SF, no heat and no appliances. That's over $5000/SF. Even if purchased for the near 8K lot, who will be left to do the service jobs?
Good video, Jerry.
Fervent capitalist me thinks ..... that this practise needs banning. State governors need to get on the case, ASAP.
So, what's the answer? Maybe past law(s) to prohibit corporations from buying homes, rather new or used? That would solve the problem. I like the way you tell it as it actually is,
ABNB, technology that has allowed people to work from home anywhere on the country or world for that matter, plus corps. I own two vacation(1 retirement for me) properties that I bought in 2009 in South Carolina. They didn’t go up a dollar until 2020 when they tripled. I live in NYC and most of my friends now work from home…which means they now live in DR, Columbia, Florida, Texas and the Carolina’s. It makes sense, why would you rent a 1BR for $5K a month when you can buy a house for $150K(now $350K) living near a beach, with a pool, tennis courts and golf courses. If we didn’t have the technology to allow people to work from home this would never have happened. The ability to do short term rentals through an AirBNB is the other biggest factor. I wanted to buy two more places in Florida and will be lucky to afford one now.
You are part of the problem.
@@mgintrouble1499 took the words right out of my mouth!
007
I am a small mom and pop real estate landlord. You wouldn’t believe the amount of hate I get sometimes for owning real estate. People assume we are them people buying up all the properties, but we aren’t. We can’t afford to, just like anyone else right now. We can’t afford to pay $300,000 for a 3 bed 2 bath house to rent out. Between high interest rates, high insurance and taxes, we cannot even pay the payment with the rent. Therefore, I haven’t bought a rental property in 4 years. Corporations are shoving us out too. Also, let me say, mom and pop investors aren’t rich and we are just barely making it like anyone else. This is my job and there is no one handing me investment money. I have loans at the bank like anyone else.
Get a real job.
@@s99614 jealous much? If you think it’s not a real job, then go buy yourself a rental, walk in my shoes for a while.
From a practicality standpoint seems like owning dozens of houses is not exactly a low-maintenance endeavor, careless low-class tenants with no vested interest in the place, and being corporate-owned everything about each given house will be a cheap as possible, property values in any of these neighborhoods will likely go down after these corporations move in. I personally wouldn't want to buy a home, to live in, in a neighborhood that's basically a glorified apartment complex.
It’s like Porterville in it’s a wonderful life
It’s literally monopoly, so what are lawmakers waiting for?
Bribes.
Lawmakers represent their campaign contributors not the people.
@@jeni719 This rabbit hole comes up in Washington D.C on January 6th doesn’t it?
I'm very glad I built my first house in 2021 at 29 years old before things got crazy
Dont forget about Biden. Everything cost so much now we can't even build a new home!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!! I hate this county now.
Dimentia Joe.
Jerry do you know a tent city in a nice neighborhood ?
I didn't catch, how the things which MUST have every family for normal life can be a dream? It's nonsense.
It's because everyone wants a million $ brand new home in a sunny swanky state then cries when they can't live beyond their means. Plenty of cheaper homes in fly over states that are older and not in HOA.
Isn’t this slowing down now in 2024? The institutional investors were buying more from 2020-2023 but are slowing down in 2024?
Anger inducing!
Bingo
Let them have it
Just don’t buy or rent. Businesses opening businesses in area better realize the rents and landlords of area will be an infrastructure issue for them limiting their employee pool.
Thus going to a different area to open business is required eg google Amazon apple tesla etc. things to consider.
Hence businesses should not be opening factories near these bad locations owned by corps. I would encourage businesses to leave corporate owned neighborhoods
Who are these corporations specifically?
Facebook, Microsoft, etc.
You will own nothing and be happy. And we may let you rent from us, (dependent on your DEI Score).
This should be made illegal and companies forced to return homes to the pool available for sale to actual humans. Renting is nothing short of modernized economic slavery...especially when you have no choice but to rent. I own a home but trying to find a reasonable replacement in a less murdery state is near impossible.
Not going to happen.
Invitation Homes is a net seller of homes. If the goal is to own it all, investors wouldn’t be selling their inventory.
BS. Data does not agree.
Plus will make the value of the neighborhood go down.
If by that you mean because of the renters, not really. The prices are so high, even a renter needs a good job to afford one.
Pricless. You are speaking off What I think .Bit lo gerente video please.
Investors hoping 10 migrants live in a house paid for by the Brandon administration.
Dimentia Joe.
Your a emotional vampire playing on people's fear
Abusively printed dollars finally are flooding into big corporations which have to purchase houses, only investment with low risk to catch up inflations. Even big tech companies started to buy back stock shares since last year. Never happened before. First time feel pocket cash is being depreciated so fast when we buy grocery. Take look at house price in CA Bay Area, annual income under $200K are poor people. A senior MIT student who will graduate soon, just took a job with 500K income package. A doctor need to learn 12 years to get a license ! American dream is based on high tech.
F Airbnb!
Lol, you obviously didn't understand the video.
If you would talk real numbers you would see corporations buying homes it’s not really a problem
People own 70% homes in US, 30% are rentals mostly owned by moms and pops businesses , maybe 10% by corp
Also 40% homes in US are paid off or no mortgage , it’s not that bad as you think it is . Open your mind .
False, corps are buying cheap homes and newly constructed entire subdivisions. They need to be stopped asap
Free country. People are free to build wealth. This is just one avenue to do that.
You get what you voted for (Democrats), "corporations" have nothing to do with it. Housing prices are the result of public policy (inflation, overpopulation through illegal immigration, climate scams, etc.). Corporations single house buying is a drop in the bucket as compared with much larger trends and causes.
A drop compared to the total amount of homes. But a small amount done very precisely in terms of where, how many, how much to over pay has a significant impact since homes since they are priced on the margin. and it’s not small if you look at the activity just very recently. It is sinister.
Lol your delusional if you don’t think Republicans do t have a hand in this also.
@@shanerogers9386 I posted a reply in public.
Corporations provide jobs. I worked for a top 10 corporation for 35 years. I think corporations help our country work and help people.
The solution is very easy. Enact a federal law banning individuals or corporations, directly or indirectly, from owning more than two single family homes. Investment into real estate is cornered into only multi family units. Owners must actively live in their house for at least 5 years.
Why are there so many people here on RUclips saying that people can’t buy houses ? People are buying homes every second
Not true. Only the top 20% of population are. That is a rigged housing market.
Laws can be passed to stop corporations but poor people keep voting for the GOP.
Comment of the day. Spot on. I cannot make sense of it.
You like high inflation, low wages and unsafe neighborhoods huh. Just so you know, Blackrock backs the Democrat party, because the Democrat party supports their interests.
You can't blame Republicans for this. Democrats are just as, or more guilty. Who do think runs these banks and investment companies? News flash, it's not the country club Republicans from the 1970's and 80's who are politically irrelevant in the 21st century. Liberal coporate executives and politicians are responsible for the ridiculous runaway inflation that is destroying our country. Too many people buy into their B.S. that they care about people when they fund some "progressive" program (with your money) or throw a couple of dollars at you on your tax return. They are robbing all of us blind with inflation and interest rates and getting rich in the process. All of them only care about their own wealth and power. Certainly not you or the country.
Oh ok🤣🤣😂🤣
Ever been to California? Talk about a place nobody can afford anything. 🤣 Apply your logic there or NY or many other places not run by Republicans. It's both parties anyway as they're both getting kick backs.
It’s America and a free capitalist markets. Choose wisely
In 4 years, Biden / Harris have screwed us Big Time--Imagine what will happen if re-elected.
They are fully aware of what is happening and likely in on it via lobbyists and through their own investments. This is the greatest threat to American prosperity that we have ever faced. Premeditated market manipulation and extortion by the government.
You're joking right? The corporations screwing us over are Trump's buddies. And now that it's clear Trump is in debt up to his eyeballs, who do you think he's going to serve?
It was Trump who cut corporate taxes, not Biden. Analysts agree that if Trump is reelected, it will be bad news for working homeowners and a sweepstakes win for rental companies.
re-installed you mean....
@@billwalsh388 except they all donate to The Dems....
I think it's sad y'all just sitting around feeling sorry for yourself rather than go out and make money. You have 6-8 hrs of sleep the rest, work smart.
Ultimately, these companies are making housing market more liquid, more efficient. Yes, it may hurt some local people some of the time, but in the capitalist law based society you can't intervene to try help one group of people to the long term detriment of all. And that is what the author of this video advocating, he is a populist in the bad meaning of this word. And the title is a typical populist clickbait.
Supply and Demand. When Big Corporations buy it decreases supply raising prices. A natural course without big money involved would be a housing crash aka price reset. Making it affordable again.
@@SteveDowning-xv4un See: "long term" in my post.
Doom and gloom channel, stop creating negative material and help people how to figure out home ownership if you care more for that then RUclips money .
Everybody can own a home in us if they really want to
Sounds like you’re new to the channel? There are 1300 super helpful videos here.
Good info in this vid!
Subscribed. 🫡