The Housing Price Monopoly
HTML-код
- Опубликовано: 12 сен 2024
- I'd like some gold bars with my house please
Twitch | / atrioc
Twitter | / atrioc
RUclips | / atrioc
VOD Channel | / @atriocvods
Reddit | / atrioc
Edited by ædish :) | linktr.ee/aedish
Outro music | @CMT8
#atrioc #clips #twitch
this is my news source
Fuck..... Same
Yep
Big A for economic news, MAGA mail for RUclipsr drama, asmingold for my reactionary conservative slop. 🙏🙏🙏
I don't know why but this glizzy guy seems more trustworthy than 99% of those newscasters
Agreed
Texan here. I got a call from a real estate agent I haven't talked to in years a couple months ago asking if I was looking to buy a house and that's when I knew something is wrong.
There's a bubble. Short it. 😂
Realtors desperately want to get me to buy a bigger house "for my future kids!" so they can sell my 1800 sq ft 3bd/2ba 1 story perfect aging boomer house for a massive upcharge to some retiree looking to move to the desert.
@@Zardif Lots of people aren't even having kids BECAUSE of the housing market. Those realtors seem out of touch.
@@esmeecampbell7396I don't think anyone is going to let me borrow, sell and then buy back and return the house to them
Monopoly is gonna release a new edition called “The Housing Price Edition” so we can’t find this video, trust 🙏
naaah😂 But works
additional rule: Every colored property can be rented out. you have to have a lease for a property that's not your own when you pass GO, if you don't you go to jail, since monopoly city doesn't tolerate homelessness. if you have been to jail, your credit rating is crap, so you gotta pay more on mortgages.
kinda like the realisstic monopoly video of valefisk
Every property will cost 400 like boardwalk lmao
I know the chatter saying everyone should pay only 1k in taxes a year was joking, but I had a serious conversation with my dad who genuinely believes this💀
reverse univeral basic income. instead of the government paying everyone 1000 buckerinos, YOU paid them instead
reverse universal basic income, instead of the govt paying you $1000, you're the one paying the govt 1000$
Where I live in Florida, you absolutely can NOT find a cheap deal on rent. You either pay $1800 to live in a shithole down town, or you pay $1800 to live in a nicer place a 30 minute commute from the city, hour and a half commute when there’s bad traffic.
This is what Atrioc is missing. Nobody can find that one desperate landlord cutting prices 😂
Im in Washington state so 1800 a month sounds like an insane deal to me. Even studios anywhere close to the Seattle metro area are easily above 2 grand all the way to 3 grand a month
i’m in st. john’s, newfoundland (smaller province in canada) and it’s similar here (~$2000 CAD on avg)
Its because its people like Gates using shell corporations who are buying all the properties, they got massive funds from Covid bailouts, and no regulation and they have no pressure, when you basically have infinite money. Its like a monopoly board when everyone's broke.
I can be your reporter on the ground in Hawai'i. Housing here has been tough since I was born but after the pandemic it got much worse. It is caused because property here is treated as an investment by most which leads to local families out on the street while investors let the houses sit vacant half of the time.
I can concur with that statement, heck pretty covid it was still possible to get a house for a good price on the main non capitol island (O'ahu) but since covid, it has more or less been the same.
I was looking at houses there and man I have up quick. I think foreign buyers buy lots there.
Real Page is what you call a CARTEL
And it's not even a fun one. no snow, no bangs, no dwarven miner role play.
Basically the housing market is: Everyone at every step in the process is incentivized to increase the prices of homes to sell them for higher, including when they are buying a house if they already own a house that they are selling. The only inbuilt mechanism for prices to be pressured lower is a market crash. Builders, bankers, sellers, appraisers, property taxes etc. all want to keep prices high artificially.
Yeah and don’t forget the local government, voted in by nimbys to raise their own home values
its like 2008 housing bubble crash but somehow worse
Appraisers aren't incentivized in direct profit. They have a flat fee and they have a middle company in between real estate agents and appraisers to stop collusion. However real estate agents can file a revision request which is bad for appraisers if it doesn't meet their standard, so the easiest thing for appraisers is to just go with the requested price (if within extremes of reason)
I made beef stroganoff for dinner tonight does anyone want some?
she strogan me off til i beef fr
Yes I want some
Nah I'm good, I already ate
Only if you can sell it to me for below market price at $1,600.
Hey do you have any leftovers?
A monopoly game where every property in game is so expensive you cant really buy any and there’s one player that just has a bunch of money and can afford to buy the properties and makes the other players pay a lot in rent and the others players just make enough money to get by and instead of jail there’s a homeless square and you just can’t get out of it you just have to beg for money to the other players would be pretty fun
I was going to my apt’s portal, and the second it loaded I saw the real page logo at the top LMAO
Already talking about having an "empty land/house" tax like we have it here in germany could start the snowball rolling
I seen a short or tik tok from a younger woman probably mid 20’s who lived in San Francisco… she had an apartment and the rent had went up to something outrageous. I believe around 5 k or so… they were Luxury apartments or condos. She lived in her car right outside the complex … along with a bunch of people in campers. All old tenants just living right outside the condos or apartments.
Coming from someone in a Florida Covid boomtown that went from 150,000 pop in 2018 to 500,000 2022 the prices are OUT OF CONTROL!!
So the landlords are trying to HODL
They are going to HODL for longer than most people think. That sub 3% interest rate is a ball and chain.
the thing about florida is so true. i moved back to miami from houston and literally all these new luxury apartment complex’s are offering. 2 months free, no deposit or deposits up to $500 and no minimum credit requirement
i live in a town in new hampshire and we are a rural small town that has almost nothing to offer aside from from tax free clothes shopping, a few restaurants and the white mountains and the tourism is actually insane, there’s very few listings for apartments in town and they’re 2,000 or more, and it’s not because tourists are staying in apartments it’s because the locals have no choice because every house is owned by someone that lives in ass-of-2-shits (massachusetts). which btw if any of y’all are from mass learn how to drive????
The problem with vacancy taxes is that they are often not higher than the cost of refurbishing the house. This means landlords still just hold on to the property with the hope of selling so refurnishing incentives increase supply, At least with places with historically high housing prices like the DMV.
Atrioc looks like Tek Knight
Bruh
aedish you don’t get enough credit, thanks to you, me and thousands others can watch extremely interesting Big A banter
Last building i was in got bought by a real estate group, the jacked up everyones rent 35%, on top of last years previous 19% and are now in a panic as literally no one is renewing their contracts because there's better places for cheaper all around it. They bought it at like a 10% vacancy rate and now it's gotta be hovering close to 60% TThere were a lot of long-term tenants there and I presume they figured they'd renew and stay.
Can't wait for my tax dollars to bail them out when they suffer the consequences of their dumbassery.
I follow Scuffed Realtor / Nick Rochefort's Show and the amount of greedy boomers that buy a house for a reasonable-ish price in 2015-2019 pre-covid that are now asking for x2 or x3 without the improvements to back it up is something. You'll have houses in tertiary markets that are bought in 2016 for $250K, filled with Ikea furniture, and Home Depot floors and tiles and generic white paint and the owner will be asking for $650K.
What if instead of The Housing Price Monopoly it was The Glizzy Goblopoly and the market was starved of a proper supply of Glizzys
🥱🥱🥱🥱😴😴😴😴
Now that's Glarketing
This is the reason atrioc talks shit about the RUclips comments section
You aren't funny
@@williamtafttGod forbid ppl have some whimsy. No silliness allowed!😊
glizzy glizzy
As a Floridian who's been watching apartments pop up like cardboard stands, trust me to say thats EXACTLY what they are. Housing companies are charging house rates for 1-2 bedroom apartments that took maybe half of the month to build, to which usually have 4 or 5 stories. Many natives in my area call them Matchbox Apartments.
Serious question, Is a econ not a required class in a lot of states? In California when I was in hs at least it was 1 year with a semester of poly sci and a semester of economics, it feels like a lot of concepts Atrioc explains were covered for me in public school. Sucks if its just a Californian thing because those were probably 2 of the most important classes I had in highshcool imo
I took both classes in Texas back in mid 2000s. I know we had honors and non honors versions, but not sure exactly what the difference between the 2 would be
Only halfish of the states do. And how many people actually paid attention?
@@YesHumphreyAppleby that second part is the kicker. So many folks say "hey this wasn't taught in school", and it was just they didn't pay attention.
Also in this day in age so many things you can learn on your own. School is more for learning how to learn, and you don't just stop once high school ends.
@YesHumphreyAppleby in ohio there is not a required economics class, there was an optional "financial literacy" (economics) class I could've taken though
@@YesHumphreyAppleby True, a lot of those people who didn't learn econ could probably school me in literary knowledge lol
Wow what a Great example :O The Housing Market in some areas are like *Fast Food*
I know that this sounds like a joke, but I recently thought to myself "man, I wish I could win the lottery so that I could buy my very own house." And I just reflected for a minute. How has it become THAT hard for me to own even a small home. I gotta win the LOTTERY for that to be anywhere near my level of affordability. I work 40 hours a week. Why are we even doing this then?
First-time home buyer tax credit hasn't been a thing since 2010
Price controls sometimes help a bit. They do EHhh in Vienna. The catch, is that you kind of need a large stock of high quality social housing to keep most rents competitively low regardless. So that what I think is the ACTUAL solution is here, to unaffordable housing, to homelessness, to gentrification - is building *social housing*.
You essentially tip the scales in the housing market toward lowering rents, and actually get the fix the problem house by house. Which at the end of day, considering that being housed is a basic human need, the government should provide everyone a place to live.
Interest rates are a huge factor in why no one can afford a house. A 6% APR loan of 400k is $2k a month in interest alone. That's rent prices for what a lot of people would need to pay without factoring in insurance or principal.
Am a little disappointed with Big A's instant dismissal of rent control policy. It's an outdated opinion (though not an uncommon one) based in econ 101 and not in modern findings on the topic. When the policy was tried in Berlin and new properties were exempted from the rent caps, it resulted in a rise in developments, improvements, a rise in home ownership over rent living, and, of course, a fall in people's rent. That isn't to say there aren't other studies which show some negative effects, but the overall literature is mixed to put it lightly.
It's a bit disillusionning to see Big A putting his faith in yet another boom bust housing cycle to fix the misery currently caused by the housing crisis, and not in policy solutions which could actually help people who need it. Do you think there won't be more cartels? Do you think this will be the last boom bust?
He also kind of misses the major problem: The houses are being bought... by investors. As long as houses are a good investment tool investors will pour money into it therefore raising the price artificially beyond what a normal person can afford. The only way to lower prices is for investors to lose faith in the housing market. However housing is a fundamental need so as soon as prices start falling other investors start pouring into the market since they can be confident that prices will rise again eventually. We went through all that already in 2008 ~ housing market crashed massivly but normal people still couldn´t afford houses. Instead investors picked right off where they left as soon as the crash was over. Banking on "supply&demand will fix it" is major cope - the past couple of decades have already shown that it won´t.
Love when atrioc said that supply isnt the issue but then immediately after admitted that the places that have been building supply are coming down in price. It's almost like supply IS the issue.
Creating more supply will srive prices down normally but he is saying that prices have gotten much higher without much changes to supply or demand due to collusion or collective orice gouging (disproportionate)
watching this high makes me feel smart
I Love Klarna
English please
I, Love; Klarna.
How is it not supply? Doesn't it have to be either increasing demand or decreasing supply?
While the aggregate number of houses is large in some areas, they are being purchased by speculators who are colliding to keep prices high by making sure that they are the only people who own property in a certain area. The monopoly creates the opportunity to keep prices high, even though quite a few properties they own might be totally vacant.
Colluding to*
There are a large number of houses for sale (in the areas im talking about) but they are too expensive.
The people selling don't want to admit they've made a bad investment and sell for less than they wanted to make.
Because they are still paying mortgage / taxes / maintaince on these houses they will quickly be forced to start lowering prices to get these houses to sell.
Lots of people competing to do that at the same time leads to real price drops / crashes, at least in an area.
In detroit, there are hundreds of houses that are being price dropped by 10s of thousands of dollars recently. They're not back to pre-covid prices but its getting there
So you're saying I'll be able to get a $5 meal deal on a house soon?
As someone who lives in Florida, yea supply has never been higher, but it’s also not for sale. Recently there were 400 homes built by a corporation, but NONE of them were for sale. Rent only. So that’s also a big problem
You also need zoning reform. There should be more variety in housing. I shouldnt have 10 apartments that look exactly the same.
the atriarchy studios ad in the middle of the video was goated
Austin is the outlyer in terms of how much housing is being built
"Did you tip them?" Whyyy did you do that to them 😂
GLIZZY
I live in the boonies outside of Toronto (30min drive through farm fields to get to a highway), , there are no good jobs here but townhouses with tiny lots are still 1m.
👏 SOCIAL 👏 HOUSING 👏
Nobody can even fathom that housing can be not for profit
We're gonna need John Wayne smoking a McChicken to get the youngun's back into the burger eating habit after the price drops
So glad we bought in 2017 in the Houston area. Mortgage+insurance+taxes+expenses is still less then alot of places to rent now. Should hopefully have it paid off in less than 5 years, so if we want to one of us can quit our job to do homeschooling (if we go that route and be able to do co-op stuff)
blessed be thou when atrioc uploads
As a life long south Floridian and a big fan I have to disagree. People are still paying absurd prices for homes, because no more family homes are being built so they supply is low, and the people who are buying these homes aren't even from here. A house in my neighborhood which was just sold for over 2 million ( it was constructed and sold for 15 years ago for 400k) and they are from NY.
Same thing when the house market boomed a couple of years ago. It was already starting to get out of reach pre- pandemic and now its long gone.
All these small town homes in my area (5-6 in a 5 mile radius) are being sold out at a 700k+ price point. In the end it baffles me because I truly don't know who's buying these homes but the ones who I have spoke to area next level rich that they can truly justify purchasing a house at that price point, because it does't break their bank. It's been shitty for us Floridians out here.
mama guevazo soy tu fan, papi
The thumbnail of this video looked so professional I almost skipped the video and had to double check the channels name. big a needs to start lower his quality I'm not used to it.
this isn't marketing monday...
I am still seeing houses sell in weeks in florida
gonna use bnpl to pay my taxes
Idk if its healthy for a 4% interest rate to be the "problem" (even though yes lower interest rates means more middle class can get into those deep debts to reach the current prices). As @garyseconomics would point out, rich people fighting eachother for diminishing returns for their wealth pushes up prices of everything :D
Make rental collusion illegal and stop publicly traded companies from owning properties for living.
them people said they seen atrioc glizzy hands eating a coffee cow
remarkably bad take on rent controls, had them in the UK from post-war period til 1980s, only since the 80s has rents gone up stratospherically in places like london. To say they have never worked is just an un-researched opinion.
Got a Zillow ad on this LMAO
Places like FL and TX...but then I would have to live in FL or TX
Coping mechanism here.
I'm sure there are markets across the country that are speculative and due for a correction.
But plenty, especially in WA (one of the top 3 states most affected by current housing inflation), are seeing sales. The properties are being bought by plenty of people. It's just not what the average person can afford.
What about Blackrock buying all the houses? Isnt that an issue?
Corporate ownership of rental properties in the US is around 3%. Blackrock is much less than that. The twin problem of housing supply is local landlords who buy and sit on properties & local NIMBYs who fight tooth & nail against me housing.
I actually bought a house with my sister in downtown Louisville KY, we are splitting all the utilities and the mortgage
georgism rise up
The UK is a supply issue when it comes to our housing
I wonder if you could set up an LLC to buy your own debt at a fraction of the cost, forgive it, and then write it off as a loss, while using the LLC to own traditionally personal assets.
Glizzy
I still touch myself to your comments🤗🤗🤗
Big A can you run for president pls
glizzy?
If your job pays for any Ubers you have to take, surely you could be your own Uber and get paid to drive to work
I live in Florida in my friend's parent's house
Big A please get on Tim Dillion! You guys basically talk about the same thing, Fake Business!
Step 1: Federal ban on speculative real estate investment firms.
Step 2: Progressive tax on any entity/person who owns multiple single family homes.
Step 3: Progressive tax breaks on high volume housing.
Step 4: Use that new tax revenue to fund effective low/no interest loans that are easy to get for first time home owner individuals. (No, the current system isnt working).
not a bad plan too bad the goverment is too busy shouing at each other to do anyting
Housing prices are only going up still in Calgary lol
Calgary isn't a real place.
Ever since fast food start having ridiculous prices, I've never eaten better. Now that it's basically the same price to just eat at a real restaurant, why would I go to fast food
I put this video on afterpay
Thank god I moved in with my girlfriend who graduated early with a master’s degree and that both of us work 40+ hours a week so that we can afford a generic copy-and-paste 1 bed 1 bath apartment in a bad city in south Florida, far from downtown or beaches for $2400 a month. Five years ago it would’ve gone for $1300 at most
The editing is so choppy so many cuts idk I don’t like multiple cuts per sentence
i live with my parents at 22 making 90k a year. getting your own place is propaganda
Did he launch failed Co.s?
I’m confused, in the US is it legal to buy a house for 200K, and also get gifted by the Real Estate company 50K back in gold? They did it in China, but I assumed there’s some law against it in the US?
Can we get a pink Klarna hat?
YIPPEE
damn it really sounds like the economy used to be better when there was lots of land being bought and sold around the world, why can’t we just go back to doing that what happen???
Lol I was watching an atrioc video and it seems somehow I'm seeing all the comments from that video on this one instead... I wonder which comment section this comment will go to
I think a lot of people overlook that ever city has landlord meetings and they try to avoid bad landlord practices to stop slum lords. Not saying some aren’t bad but the majority try to be reasonable. Also small landlords typically won’t raise rent if you’re a good tenant because it’s beneficial for both of you. Point being once housing homes corporate they try to maximize profits.
I will say on the point about trying to tax empty houses and apartments. It's a dogshit idea. My town has a huge number of second home owners and vacation rentals. There is currently a city ordinance that is going to be on the ballot in november and it is wildly unpopular in a town that is struggling to meet the housing needs for regular citizens. The housing market here is awful and there are things that should be done to fix it but creating a tax for having a vacant home is just unreasonable to enforce and very punishing for people that may have a legitimate reason not to be in their house full time.
Same issue with taxs applys to landlords. There’s so many incentives and little things you need to know just to get the cost affordable to rent a property that it’s exhausting meaning you and the Tennant tend to get taken advantage off a bit by the state/gov.
Not first
So why did Joe Biden bring Blackrock to the G7 summit?
I didn’t like this video glizzy man
1st lul
Christ, you're on the braindead real page monopoly situation. Why is Austin rent going down? Does realpage not exist there? It's all supply
If you genuinely use terms like "braindead" when discussing actual issues and not internet bs, you will not be taken seriously.
Thanks for using a different background song for a change
Nevermind
Glad I got this banger Big A for my birthday, thanks Brandon G.H Ewing 🫡