I own 3 homes and LITERALLY EVERY DAY I'm solicited at least 6 times to sell to private equity firms. Normally 4 times at work and 2-3 times after work.. with calls coming in as late as 9pm. Pass an obscenely high tax on single family home properties that are not resided in by the owner! A tax like that would make housing available for my kids as well. But until then, I'm not selling my homes. I buy our homes and refuse to sell bc I'm keeping them for my girls, renting them out in the meantime. How else are they going to own a place to call home?
Wow you need to get your number on the do not call list or maybe your info is out on the web for sales schmucks to buy. I own property and I occasionally get a letter in the mail offering to buy my house but I promptly throw it in the trash. Also alot of those we buy homes schmucks are just house flippers. They offer you a lowball price and then do some shoddy renovations and sell for profit. So they windup back on the market but at inflated prices.
The corrupt politicians will never do that, they will in fact go the other route and make it impossible for you to hold on to your properties and force you to sell them to favor big business.
Partially, yes... but arguably the bigger problem is all the people that vote against their best interests. They don't want regulations, because regulations are bad, because... well they just are.
@@cyberinsecuregaming2890 NO THEY PAYING A PREMIUM TO RENT SO THAT IF ANYTHING BREAKS IN THE RENTAL THE LANDLORD FIXES IT! AS I SAID 99 PERCENT OF PEOPLE ARE LAZY!
I'm so sick of this country. It's like at every turn, some prick is trying to run a scheme on me to pry away every last penny I'm worth. I mean everywhere - housing, movers, groceries, restaurants, the gym, insurance companies, Uncle Sam, employers... it's endless and exhausting. Of course people are pissed - our nerves are shot from the stress. We really elevate greed to unprecented heights here, like no country in history. It will be our downfall.
My wife and I bought our starter home 10 years ago, we've outgrown it at this point and really want to buy somewhere else, but there is no way we would ever leave our super low interest rate at this point. Housing prices are too high and interest rates are too high
Look, I don't want to hear "build wealth" come out of Ana's mouth again. I don't give a shit about building wealth. I want a yard for my kids. I want a HOME. At 46, I need a house that hits it out of the park on the first try because it'll likely be the home we have for the rest of our lives. At my age, my parents were on their 2nd home already. I'm done with this weak af soft touch approach. Make the developers and the bankers fall in line. Bring our government to heel. If someone wants to keep pushing us down and moving the goal posts back so they can keep getting richer off our backs then it's time to stop talking and being soft touch about and its time to start putting people in their place. Full stop.
It appears that way but I think they're all in it together at the top.
18 часов назад
@beeforeal5497 Weird my comment is gone. It looks that way because most of the top is part of the wef leaders program... Which has been run by Schwab for like 50 years. They've failed 2x already.
In so many ways, young adults in their 20s and 30s have it worse off economically than their parents. Moving to a different country to attain a higher standard of living and better future is becoming more and more attractive.
That was my solution 50 years ago. Not a lot has changed since other than perhaps there's more or easily obtained information about such moves. Expectations are so much more difficult to manage than reality. I believe that's what has changed - people are now expecting more than previous generations.Expectations are growing faster than economic reality.
@@ianburton9223 Nope. That is complete and utter hyperbole. The baby boom generation could raise a family and live a comfortable middle class life on one average salary.
Corporations and banks should not be allowed to own houses at all. Foreign investors shouldn't be allowed to either. There are no circumstances where "build to rent" should be legal.
You've just cut off all social housing. So no waiters, refuse collection, seasonal agricultural workers and a whole host of low paying jobs for which people need low rents and mobility.
Why can't we pass a tax on single family homes that are not occupied by the primary owner at a rate which discourages private equity from owning single family homes? Ah, bought and paid for politicians.. nmd.
That would kill the rental market by pushing rents above what people can pay. In France there are many people that rent out their second homes as a form of generator of pension revenue. Yet one more simple idea that has consequences for greater than the original problem.
@@PatamaGomutbutra The GOP hyperbole machine lies being parroted ianburton9223 is one reason such bills never become law. These corporate terrorists have AI propaganda bots spreading their lies and many people believe them. The GOP is against any new taxes and they will never pass.
Average price for a house in my area is $685k for a two bedroom and $750k to $900k for a three bedroom, with interests rates at where they are at it has made buying something hard. But that hasn’t stopped investors in the area from purchasing a ton of property and building “luxury” apartment buildings (there are like 13 being built in the area right now) and driving rent prices up from $2k for a two bedroom a year or so ago to around $2400 to $2700 now. A one bedroom bow rents for $2000 to $2100. I don’t understand why people think this is sustainable. Prices are not reflective of what people are making. And a system that is unsustainable will crash. I will sit by and save and see what happens.
Those same corporations control the material cost for an individual to build his own house on his own property, just look at how much a single 8' 2x4 has gone up in the past 20yrs. or a sheet of plywood.
The federal government could put a property tax on the owners of more than 4 or 5 dwellings that is high enough that they are no longer profitable own as landlords. This would force them to divest their properties that would force the prices downward.
With peoples' money being hoovered up in rent or mortgage payments, this hugely impacts their disposable income. It is a massive handbrake on the economy. A successful economy is one where everyone pays their fair share of tax to provide infrastructure and public services for all, and the middle and lower classes have lots of disposable income to spend on goods and services. The downward spiral we are now in will lead to a feudal society, and when it does, the pitchforks will come out.
To be fair, people have given up on the idea of a starter home. Theyve gotta have their 5 bedroom 4 bathroom house in a gated community in a major metro area even though theyre a DINK couple. Dont forget the BMW and Audi in the garage. If you are one of the very few that can afford that (like my brother and sister in law) more power to you. The rest of us need to realize where our lane is and stay in it. Smaller homes appreciate too.
Its hard to believe you will never own your HOME.. Okay rent does go up so does property TAXES every year and also Home Innsurance every damn year.. I live in FL and taxes and insurance have gone through the roof not counting maintaining the house..
Few people consider the cost of owning a home and make a simplistic comparison between monthly rent and loan repayments. Nobody buys a house and then has zero housing costs for the rest of their lives.
@@JebusHypocristosX I agree with you. That's the current status. But, how did this happen, and how can this imbalance be adjusted. Confiscating the wealth and distributing it to the rest of the population will hardly work. If all of Musk's wealth was given to the rest of the American population that would be only $1000 per person.hardly enough to make a change for a month. So really the issue should be how to change what created the imbalance. Perhaps that America could moderate the image of accumulation of wealth, the exaggerated payments to stars of sport, and business. Not long ago (2001) the US had a net profit in trade and spending. Now (2023) the annual deficit is in the trillions of dollars. And for this the people are paying 13% of the government income just to pay the interest on the debt. Clearly there's not a simple fix to this, but a start could be made if people bought less and produced more. Difficult, but not impossible. It's really just a change in the nations attitudes.
@@ianburton9223 It can be done the easy way (How FDR did it) or it can be done the hard way (see various violent revolutions French, Russian etc...) The 1% have been clawing back the things FDR, when Eisenhower (A republican) left office the top tax rate was 92% on the wealthiest people. Since Ronnie Ray-Gun the rate at which the GOP has destroyed FDR's legacy has been at a record pace, keeping in mind they are eyeing Social Security next. When people have nothing left to eat they will #EatTheRich probably with BBQ so they don't taste so bitter.
Hey Ana, this is what happens every time. It happened with the build-up to the 2008 crash as well. Pulte, Toll Brothers, and similar companies were overbuilding. This provided a path for banks to take advantage of subprime mortgages, overlending because "it was cheap and affordable." When the crash happened, those same contractors wound up with a stockpile of garbage cookie-cutter houses worth a fraction of what they were selling them for. Housing is a human right. Stop trying to make it a goddamn investment. A house is not a stock. Nothing needed to survive in modern society (like housing, food, water, and healthcare) should be for profit. Gaining profit should be restricted to toys that are not needed but are nice. For example, we need access to phones and the internet just to be able to apply for jobs nowadays. But that doesn't mean you deserve to be given the latest smartphone and laptop. A basic clamshell (flip phone) and an off-brand computer are all you need. You want more? Earn it. The same goes for housing. You don't need a mansion, but an individual should be able to live comfortably in a one-bedroom apartment. Want the mansion? Earn it. Stop gauging your neighbors because you want an extra penny (which is a made-up concept. Money is fake). This is remedial shit. Why are we making it so complicated?
Why is Government allowing big corporations to buy up family homes, I no longer want a house, I sold my house, it was time for new family have a home, crazy what's going on today with housing
But rents include maintenance, property taxes, and maybe insurance, which your mortgage payment does not. Maybe it's still the same answer if you do the arithmetic, but at least you would be making an equitable comparison.
… what can anyone expect from Wall Street?… but to make more money… buy up all real estate… and control the rental prices?…when any person rents a house… the monthly rents become another EXPENSE… but when he purchases a house… that is ASSET… that will eventually grow in value… because LAND IS SCARCE… and when land and property is scarce PRICES GO UP… UP…UP!
@@Winstonrodney6989imma be honest 7 percent is kinda crazy in an already overblown market. The market is just like the diamond and gold industry, restrict acsess thus hiking prices. An example of that would be black rock buying whole suburbs, leaving them vacant. Thus dumping local prices and making others flee through isolation and then buying it up cheap. Building cheap and renting high.
No, go and try. Be surprised! Get a # qualification and shop. These new home builders are buying down interest rates which makes you qualify for higher priced homes. All about the monthly payment the family qualifies for.
Ban build to rent, they are terrible quality house that’s build with the cheapest crap designed to fall apart after extracting all the money from us peasants
Always amazes me that people keep pointing out that the gap between the rich and everyone else keeps getting bigger, but are okay to allow rhe rich to own all the property and rent it out. Basically forcing others to give them their money to have a home and to not be able to build capital wealth that is spread out more evenly amongst everyone. 🤦🏼♀️
National and local builders are buying down interest rates on new homes. Makes you qualify for more home. Olden days we did private by owner sales, rent to own, etc. Today ARMs are still a available if you think rates will drop dramatically in 3 or so years. Buyers market...you call the shots.
lol watching this from my new build to rent rental. It's cheaper than what I paid to live in lesser quality than NY and I still can't afford to buy an equivalent house with a mortgage.
Renting/ leasing sucks and they can throw you out if you don't pay their high cost. they will get your foot in the door, for a simple fair price but that will change. The system is designed that way to take over property. SCUMBAGERY!
@@adeptgopnikExactly, and It all stems from the banks and the high property tax to take over land. Land is what the wealthy want so we the common people are at their mercy. This is the new form of American slavery... and also the downfall of this country.
In CT we have 1 big apartment builder. the units are "luxury" because they have central air. My parents have had their oven/stove not work for 2 weeks and they haven't fixed it. My sister who pays 2800 doesnt have a dishwasher for 2 months. My friend in Boston his apartment has mold but cost 3k a month. They are built badly and then dont do regular upkeep. I hate to see what non "luxury" apartments are like. Almost all rent is 2k regardless of where you look. They bought a few 100-150k houses in a cheap neighborhood tore the houses down and then built half ass buildings that they rent for double market rates because hey no other options out there.
I happen to home a own bought back in 2004, went thru some lean times during the 2008 crash, but since then value has gone up and up and up. I can't even believe what it's worth way overpriced. And it was basically a starter home. Definitely not worth what they say it is. The price they put it at i would say is what I used to think of as a upper middle-class home and I'm definitely not upper middle class
It's the initial down payment amount, paired with the inflated overall cost due to low inventory, paired with sky high interest rates....you get screwed in every possible hole they can slide into.
Here in PA, just to fix up a home, is way too expensive for building materials, & inspection cost even if you do your own work. Home DEPot and Lowe have the control over the market and they know it.
Its called rent control and Vienna Austria has had that in place for well over 100 years, even during two world wars. GOP will tell you its impossible to do that because they are a bunch of corporate tools.
The act ending hedge fund influence American home is essentially be law. They create artificially shortage and raise profit from suffer of others and society.
There is also NIMBY though: people blocking social housing projects in their neighborhood. And the ridiculously strict zoning laws, which are rooted in segregation.
That's one of the reasons why US cities are drowning in debts. Roads and streets need maintenance, and it should be obvious that in a city with dense population, there will be more taxpayers per miles of tarmac than in a suburb, let alone in Backcountry. That's why cities have always been the engines of economy.
I guess you wouldn't fair well in a Japanese appartement with littéral cardboard walls, to be fair me neither. But come on, do a young couple with apparently no kids yet need a barn size 2 story house with Greek roofing for some reason and of course a big 4X4 to commute (probably no roads to downtown). And that's the solution to save money???
I have never seen a trader as open and transparent as Coach Hilder with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
Why are houses always monopolized by the private sector? A certain number of homes should be built in every state by the government to level the playing field.
@@tuyinc It would actually be the government paying contractors to build the homes, then also backing some loans for lower income buyers who've been recently priced-out of the market. Building 3-5 million new homes over a couple years, would drastically lower prices quickly, and spark a buying boom. It would be good all around.
I'm 36, been working full time for my entire adult life and I can't afford to save for a house. I will finally have a house once my parents pass and I inherit their house. I never wanted that house, but it's my only option at this point because saving for my own house is impossible now. Rent takes almost 60% of my income.
A higher price with a lower rate is much better than the other way around. Higher rate mean more of a percentage goes to interest instead of principle.
Davos...They are the ones who said you will no longer own things...your car your house belongs to them...and that your clothes will be limited to basically a jumpsuit.
These are not affordable. They are building these up the road. In an old factory town where the rent before it exploded was. 590-1500 these houses rent for 2500-2700
That is actually kind of nice. When i was in the Navy and moved around often I rented places to live. Apartments dominated the rental market while single homes were hard to find, it's nice to have more options.
Dem here who is and was livid for Biden et al doing nothing to help families like this. I’m older and have money. We bought a house in 2022 and came in guns blazing to beat out 12 other offers. If this was us 30 years ago we would not have had a chance. It’s not fair but more importantly it’s awful for prosperity and the strength of our middle class.
Well the Right is CERTAINLY NOT going to do a damn thing about this !!! That’s their jam. They can’t have any regs on big business. And that’s who is buying up homes now.
BlackRock, Redfin and Zillow are doing this as well. They hoarded homes for the last 10 years. Outbidding first time home buyers, to rent or make a buck after a few months. Inflating the prices artificially.
Hedge funds shouldn't be allowed to buy homes, period, full stop. I guess my big follow-on question is if you're renting these houses, is someone gonna fix something if it breaks? (maybe?) or is the onus on renters? sounds like a problem a HOME OWNER should figure out.
If the hedge fund hadn’t bought up those houses and then rented them out, that guy wouldn’t be living in that nice home. He couldn’t afford to buy it and he’d be in some cruddy apartment.
I wish these people would stop complaining about interest rates it's the price of the house that is stopping most people. In the 70s and 80s interest rates were between 9 1/2 and 20 percent.
Oh, bullshit. If you're trying to tell me you have $200,000 in cash and you can't get into a house, you're either full of shit, have the worst credit on the planet, or you're shopping in the wrong neighborhood.
@jeremyrangel8138 oh, you are so smart. But no, that is with 6% interest and would put my mortgage at 2k per month. After taxes and deductions I bring home 4k per month. What exactly does the neighborhood have to do with loans genius?
Privatized prisons lease out prisoners to be used by others for labor. The Supreme Court recently approved making sleeping in public & unapproved tent camping on public land illegal (trespassing on private property was already able to be outlawed). Increasingly, Corporate landlords won't rent to tenants with low FICO credit scores. Medical debt lowers credit scores. So ... yes, we have slavery in the U.S.. 😶
You also have the whole RTO as places like Boston is offering grants to companies to convert the office buildings to apartments for affordable housing. Then suddenly there is the push to get people back into the commercial space when really, there is no need to be.
I own a construction company that generates over a million a year in revenue, i work 12 hour days... And here in California, I still cant buy a home for my family of 4.
$1,000,000 in revenue? What are you building? Dog houses? Seriously you are a tiny construction company. On $1 million of revenue you should be clearing $200,000 a year. Yeah that’s not much in California.
This gets even WORSE when you take in to account how CREDIT AND INSURANCE COMPANIES are going to exploit people with bad credit scores with HIGHER rent PRICES.
The middle class deserves home ownership! To accomplish this, it has to take it to the street and stay there until the corrupt entities stop what they are doing and simplify home ownership for the middle class! Cowardice will perpetuate the problem, therefore, hey middle class, roll up your sleeves and fight for your right !!!!
I live in the suburbs outside Phoenix. I slpit the rent with 4 other full time employed adults to pay the RENT on a 4 bedroom 2 bath house. FIVE FULL TIME EMPLOYED ADULTS! And none of is can afford to buy. Or even rent on our own.
It's a damn shame. My own child is still waiting for the opportunity to BUY a home! It's terrible.
Close the borders...they have too many kids....takes up all the housing 🏠...
A new mobile home or Modular home isn’t even cheap today.
I own 3 homes and LITERALLY EVERY DAY I'm solicited at least 6 times to sell to private equity firms. Normally 4 times at work and 2-3 times after work.. with calls coming in as late as 9pm.
Pass an obscenely high tax on single family home properties that are not resided in by the owner!
A tax like that would make housing available for my kids as well. But until then, I'm not selling my homes. I buy our homes and refuse to sell bc I'm keeping them for my girls, renting them out in the meantime. How else are they going to own a place to call home?
They are blessed to have you. As a single mom, most of my life, I was only able to buy the home they grew up in.
Wow you need to get your number on the do not call list or maybe your info is out on the web for sales schmucks to buy. I own property and I occasionally get a letter in the mail offering to buy my house but I promptly throw it in the trash. Also alot of those we buy homes schmucks are just house flippers. They offer you a lowball price and then do some shoddy renovations and sell for profit. So they windup back on the market but at inflated prices.
The corrupt politicians will never do that, they will in fact go the other route and make it impossible for you to hold on to your properties and force you to sell them to favor big business.
Looks like we need more Luigis
Wow the renter doesn't realize the more that they do this the higher rents will be and the harder it will be for him ever getting to step 2. wake up!
Its unfair but you don't see our government doing anything about it do you? Because the government is sleeping with private equity.
Partially, yes... but arguably the bigger problem is all the people that vote against their best interests. They don't want regulations, because regulations are bad, because... well they just are.
@@MrMezmerizedGov + Private equity = the US being a renter nation
@@WillandShawna Citizens United gives corporations the freedom to buy politicians and most of them sell out.
@@WillandShawna And as long as people keep voting for politicians that make it worse, rather than better, nothing changes.
I bet the rent is higher than what a mortgage payment would be on that home. We're paying a premium for renting.
@@cyberinsecuregaming2890 NO THEY PAYING A PREMIUM TO RENT SO THAT IF ANYTHING BREAKS IN THE RENTAL THE LANDLORD FIXES IT! AS I SAID 99 PERCENT OF PEOPLE ARE LAZY!
I'm so sick of this country. It's like at every turn, some prick is trying to run a scheme on me to pry away every last penny I'm worth. I mean everywhere - housing, movers, groceries, restaurants, the gym, insurance companies, Uncle Sam, employers... it's endless and exhausting. Of course people are pissed - our nerves are shot from the stress. We really elevate greed to unprecented heights here, like no country in history. It will be our downfall.
Wait until Musk gets going - mass replacement of US workers with cheaper imported ones is just the beginning.
Close the borders...they have too many kids....takes up all the housing 🏠...
High Property taxes and insurance is another kind of renting a house.
This has been going on for a few years now while we worry about what restrooms people are using
And the green M&m shoes
Close the borders...they have too many kids....takes up all the housing 🏠...
My wife and I bought our starter home 10 years ago, we've outgrown it at this point and really want to buy somewhere else, but there is no way we would ever leave our super low interest rate at this point. Housing prices are too high and interest rates are too high
Wall Street should not be allowed to buy houses and rent them out. It's a horrible idea.
Mom and Pop landlords and apartments. That should be it.
If we're not facing a housing crisis Before we are now Eventually we won't be able to afford any of them.
lol corporations can keep doing this shit they just creating more Luigi’s by the day putting their ceos at risk
Look, I don't want to hear "build wealth" come out of Ana's mouth again. I don't give a shit about building wealth. I want a yard for my kids. I want a HOME. At 46, I need a house that hits it out of the park on the first try because it'll likely be the home we have for the rest of our lives.
At my age, my parents were on their 2nd home already. I'm done with this weak af soft touch approach. Make the developers and the bankers fall in line.
Bring our government to heel.
If someone wants to keep pushing us down and moving the goal posts back so they can keep getting richer off our backs then it's time to stop talking and being soft touch about and its time to start putting people in their place. Full stop.
Klaus Schwab says people will "own nothing and be happy" and most people just think he's joking.
Ironic that dems have been the ones pushing his agenda forward so hard.
It appears that way but I think they're all in it together at the top.
@beeforeal5497 Weird my comment is gone. It looks that way because most of the top is part of the wef leaders program... Which has been run by Schwab for like 50 years. They've failed 2x already.
@@beeforeal5497 That is what makes Luigi so popular. FREE Luigi
The property tax solution would require a government who perceives its role as serving the public interest. Can you imagine such a government?
In so many ways, young adults in their 20s and 30s have it worse off economically than their parents. Moving to a different country to attain a higher standard of living and better future is becoming more and more attractive.
That is the new american dream
That was my solution 50 years ago. Not a lot has changed since other than perhaps there's more or easily obtained information about such moves.
Expectations are so much more difficult to manage than reality. I believe that's what has changed - people are now expecting more than previous generations.Expectations are growing faster than economic reality.
@@ianburton9223 Nope. That is complete and utter hyperbole. The baby boom generation could raise a family and live a comfortable middle class life on one average salary.
Corporations and banks should not be allowed to own houses at all. Foreign investors shouldn't be allowed to either. There are no circumstances where "build to rent" should be legal.
Build-to-rent has been a thing forever, look at all the triple-deckers built a century ago. The new problem is scale -- now it's all the subdivisions.
Brilliant, let's just reduce the housing supply so we can all fight over the already-dwindling housing inventory.
You've just cut off all social housing. So no waiters, refuse collection, seasonal agricultural workers and a whole host of low paying jobs for which people need low rents and mobility.
@@jeremyrangel8138 Don't forget the trolls and corporate propaganda parrots like ianburton9223 here spouting endless corporate propaganda and lies.
United Corporations of America
Yeah, it was already terrible, and then we got hit with “Citizens United “ with the help of Ginni Thomas. Which gave corporations even more power.
Why can't we pass a tax on single family homes that are not occupied by the primary owner at a rate which discourages private equity from owning single family homes? Ah, bought and paid for politicians.. nmd.
The law ending hedge fund influence American home is already proposed on Dec 2023
That would kill the rental market by pushing rents above what people can pay. In France there are many people that rent out their second homes as a form of generator of pension revenue. Yet one more simple idea that has consequences for greater than the original problem.
@@PatamaGomutbutra The GOP hyperbole machine lies being parroted ianburton9223 is one reason such bills never become law.
These corporate terrorists have AI propaganda bots spreading their lies and many people believe them. The GOP is against any new taxes and they will never pass.
Average price for a house in my area is $685k for a two bedroom and $750k to $900k for a three bedroom, with interests rates at where they are at it has made buying something hard. But that hasn’t stopped investors in the area from purchasing a ton of property and building “luxury” apartment buildings (there are like 13 being built in the area right now) and driving rent prices up from $2k for a two bedroom a year or so ago to around $2400 to $2700 now. A one bedroom bow rents for $2000 to $2100.
I don’t understand why people think this is sustainable. Prices are not reflective of what people are making. And a system that is unsustainable will crash.
I will sit by and save and see what happens.
Those same corporations control the material cost for an individual to build his own house on his own property, just look at how much a single 8' 2x4 has gone up in the past 20yrs. or a sheet of plywood.
Greedy Wall Street CEOS should be careful.
There may be a Luigi type lurking around the corner. lulz
The federal government could put a property tax on the owners of more than 4 or 5 dwellings that is high enough that they are no longer profitable own as landlords. This would force them to divest their properties that would force the prices downward.
Working hard in the US is like running in place and going backwards.
Corporate entities should not be allowed to buy single family homes.
This is terrible and so sad for young people trying to start families
With peoples' money being hoovered up in rent or mortgage payments, this hugely impacts their disposable income. It is a massive handbrake on the economy. A successful economy is one where everyone pays their fair share of tax to provide infrastructure and public services for all, and the middle and lower classes have lots of disposable income to spend on goods and services. The downward spiral we are now in will lead to a feudal society, and when it does, the pitchforks will come out.
I agree, your point of view is one of the few in this thread that looks at the wider implications of this issue. Thank you for this.
To be fair, people have given up on the idea of a starter home. Theyve gotta have their 5 bedroom 4 bathroom house in a gated community in a major metro area even though theyre a DINK couple. Dont forget the BMW and Audi in the garage. If you are one of the very few that can afford that (like my brother and sister in law) more power to you. The rest of us need to realize where our lane is and stay in it. Smaller homes appreciate too.
“You will own nothing, and you will be happy”.
Klause Schwab
Its hard to believe you will never own your HOME.. Okay rent does go up so does property TAXES every year and also Home Innsurance every damn year.. I live in FL and taxes and insurance have gone through the roof not counting maintaining the house..
Thank Meatball Ron.
Few people consider the cost of owning a home and make a simplistic comparison between monthly rent and loan repayments. Nobody buys a house and then has zero housing costs for the rest of their lives.
@@ianburton9223 Most people are broke because the 1% have all the wealth #EatTheRich "most people" idiotic hyperbole.
@@JebusHypocristosX I agree with you. That's the current status. But, how did this happen, and how can this imbalance be adjusted. Confiscating the wealth and distributing it to the rest of the population will hardly work. If all of Musk's wealth was given to the rest of the American population that would be only $1000 per person.hardly enough to make a change for a month.
So really the issue should be how to change what created the imbalance. Perhaps that America could moderate the image of accumulation of wealth, the exaggerated payments to stars of sport, and business. Not long ago (2001) the US had a net profit in trade and spending. Now (2023) the annual deficit is in the trillions of dollars. And for this the people are paying 13% of the government income just to pay the interest on the debt.
Clearly there's not a simple fix to this, but a start could be made if people bought less and produced more. Difficult, but not impossible. It's really just a change in the nations attitudes.
@@ianburton9223 It can be done the easy way (How FDR did it) or it can be done the hard way (see various violent revolutions French, Russian etc...)
The 1% have been clawing back the things FDR, when Eisenhower (A republican) left office the top tax rate was 92% on the wealthiest people. Since Ronnie Ray-Gun the rate at which the GOP has destroyed FDR's legacy has been at a record pace, keeping in mind they are eyeing Social Security next.
When people have nothing left to eat they will #EatTheRich probably with BBQ so they don't taste so bitter.
You'll never hear this on CNN, MSNBC or FOX.
Hey Ana, this is what happens every time. It happened with the build-up to the 2008 crash as well. Pulte, Toll Brothers, and similar companies were overbuilding. This provided a path for banks to take advantage of subprime mortgages, overlending because "it was cheap and affordable." When the crash happened, those same contractors wound up with a stockpile of garbage cookie-cutter houses worth a fraction of what they were selling them for.
Housing is a human right. Stop trying to make it a goddamn investment. A house is not a stock. Nothing needed to survive in modern society (like housing, food, water, and healthcare) should be for profit. Gaining profit should be restricted to toys that are not needed but are nice. For example, we need access to phones and the internet just to be able to apply for jobs nowadays. But that doesn't mean you deserve to be given the latest smartphone and laptop. A basic clamshell (flip phone) and an off-brand computer are all you need. You want more? Earn it.
The same goes for housing. You don't need a mansion, but an individual should be able to live comfortably in a one-bedroom apartment. Want the mansion? Earn it.
Stop gauging your neighbors because you want an extra penny (which is a made-up concept. Money is fake).
This is remedial shit. Why are we making it so complicated?
God...I hate the site of track houses....
It's like a place to go and have your soul
crushed.
when your lease is up, expect an increase in rent....EVERY....SINGLE....YEAR...
Why is Government allowing big corporations to buy up family homes, I no longer want a house, I sold my house, it was time for new family have a home, crazy what's going on today with housing
Because it's a capitalist country
@@thejuicerr Have you ever played the game monopoly? How does it end? When one person owns everything? #EatTheRich
@@JebusHypocristosX Don't be do dramatic. That is why we have anti trust laws.
No wonder it’s called the American “Dream”. You have to be asleep to believe it
😴
Instructions unclear, sleeping inside house
@classicclassi6146 Good night 🥱😴
Proof that we live in a sick society
DO NOT RENT THEM❗ BOYCOTT THEM❗LET THOSE PROPERTIES SIT ABANDONED❗
They have made being homeless illegal. They will be the new corporate slaves when they are in camps for being homeless.
My mortgage monthly payment is less than monthly rental rate. I got lucky I bought before this happened
But rents include maintenance, property taxes, and maybe insurance, which your mortgage payment does not. Maybe it's still the same answer if you do the arithmetic, but at least you would be making an equitable comparison.
… what can anyone expect from Wall Street?… but to make more money… buy up all real estate… and control the rental prices?…when any person rents a house… the monthly rents become another EXPENSE… but when he purchases a house… that is ASSET… that will eventually grow in value… because LAND IS SCARCE… and when land and property is scarce PRICES GO UP… UP…UP!
This is the thing that needs to be regulated. Things that help the working class over the corporate elite
Consumer Regulations are a good thing, at least in the past. That Department (Elizabeth Warren) guessing will be gone next year.
Top ten to go. 😢
@@jannichi6431 Vienna Austria has had rent control for well over 100 years and even during two world wars.
BTR is old news. This story is more than 2 years old. Building a house is sometimes cheaper than buying an old one.
This is a super popular topic that both left and right can agree, were all getting screwed in the housing market
We can agree we’re getting screwed, but the Right will NEVER enforce regs on big business. Thats un patriotic !!! 😂
Part of the problem is people aren’t willing to live in a home they can afford. They think it’s beneath them.
@@Winstonrodney6989imma be honest 7 percent is kinda crazy in an already overblown market.
The market is just like the diamond and gold industry, restrict acsess thus hiking prices.
An example of that would be black rock buying whole suburbs, leaving them vacant. Thus dumping local prices and making others flee through isolation and then buying it up cheap.
Building cheap and renting high.
@buckcampbell4292 So explain why "Tiny homes" are such a massive growth industry and show your work. Your idiotic hyperbole is pathetic.
Sounds like something that should be illegal.
Thanks for talking about housing.
At this rate, anyone who isn't a billionaire will end up jobless and homeless. The poverty rate will be way worse than the current Argentinian one.
Just imagine billionaires having to clean their own yard and cook their own meals because the working classes have all emigrated elsewhere.
Well
R.I.P homeownership
No, go and try. Be surprised!
Get a # qualification and shop. These new home builders are buying down interest rates which makes you qualify for higher priced homes.
All about the monthly payment the family qualifies for.
Ban build to rent, they are terrible quality house that’s build with the cheapest crap designed to fall apart after extracting all the money from us peasants
Always amazes me that people keep pointing out that the gap between the rich and everyone else keeps getting bigger, but are okay to allow rhe rich to own all the property and rent it out. Basically forcing others to give them their money to have a home and to not be able to build capital wealth that is spread out more evenly amongst everyone. 🤦🏼♀️
Greed has no end or morals.
Capitalism and morality are incompatible.
If you can pay rent you can afford a mortgage. This is ridiculous
Depends on home prices, and interest. Also, you may need money to put down.
National and local builders are buying down interest rates on new homes. Makes you qualify for more home.
Olden days we did private by owner sales, rent to own, etc.
Today ARMs are still a available if you think rates will drop dramatically in 3 or so years.
Buyers market...you call the shots.
lol watching this from my new build to rent rental.
It's cheaper than what I paid to live in lesser quality than NY and I still can't afford to buy an equivalent house with a mortgage.
Renting/ leasing sucks and they can throw you out if you don't pay their high cost. they will get your foot in the door, for a simple fair price but that will change. The system is designed that way to take over property. SCUMBAGERY!
banks will throw you out if you dont pay high mortgages also
@@adeptgopnikExactly, and It all stems from the banks and the high property tax to take over land. Land is what the wealthy want so we the common people are at their mercy. This is the new form of American slavery... and also the downfall of this country.
Thankyou for doing this
We're not messing with your ability to obtain eggs we're just buying up all the chickens 😂.
Good one😂🤣
In CT we have 1 big apartment builder. the units are "luxury" because they have central air. My parents have had their oven/stove not work for 2 weeks and they haven't fixed it. My sister who pays 2800 doesnt have a dishwasher for 2 months. My friend in Boston his apartment has mold but cost 3k a month. They are built badly and then dont do regular upkeep. I hate to see what non "luxury" apartments are like. Almost all rent is 2k regardless of where you look. They bought a few 100-150k houses in a cheap neighborhood tore the houses down and then built half ass buildings that they rent for double market rates because hey no other options out there.
You will own nothing, eat bugs, and be happy. 😊
I happen to home a own bought back in 2004, went thru some lean times during the 2008 crash, but since then value has gone up and up and up. I can't even believe what it's worth way overpriced. And it was basically a starter home. Definitely not worth what they say it is. The price they put it at i would say is what I used to think of as a upper middle-class home and I'm definitely not upper middle class
So i guess "You will own nothing and be happy" is not a conspiracy theory anymore
No, they just projected onto the government when it was the corporate terrorists causing it.
It's the initial down payment amount, paired with the inflated overall cost due to low inventory, paired with sky high interest rates....you get screwed in every possible hole they can slide into.
Here in PA, just to fix up a home, is way too expensive for building materials, & inspection cost even if you do your own work. Home DEPot and Lowe have the control over the market and they know it.
STOP RENTING HOUSES
They will sell them if they can't rent them
Stay with with parents. And parents stop being part of the problem.
I hate to even say this, but local govt needs to cap the rents under some formula that makes this a losing proposition to be a landlord.
Its called rent control and Vienna Austria has had that in place for well over 100 years, even during two world wars. GOP will tell you its impossible to do that because they are a bunch of corporate tools.
The act ending hedge fund influence American home is essentially be law. They create artificially shortage and raise profit from suffer of others and society.
There is also NIMBY though: people blocking social housing projects in their neighborhood. And the ridiculously strict zoning laws, which are rooted in segregation.
This country boy' doesn't believe houses should be stacked so close' your neighbor can hear you cough crap and complain..
Yeah...they can hear you roping that cattle in the bed room ...and the misses shouting
Don't use the spurs!....noooooo.
That's one of the reasons why US cities are drowning in debts.
Roads and streets need maintenance, and it should be obvious that in a city with dense population, there will be more taxpayers per miles of tarmac than in a suburb, let alone in Backcountry.
That's why cities have always been the engines of economy.
I guess you wouldn't fair well in a Japanese appartement with littéral cardboard walls, to be fair me neither. But come on, do a young couple with apparently no kids yet need a barn size 2 story house with Greek roofing for some reason and of course a big 4X4 to commute (probably no roads to downtown). And that's the solution to save money???
i would live in my car before I rent out a family sized home. People need to stand for something
I have never seen a trader as open and transparent as Coach Hilder with her clients. The way she decides to make a profit for her clients. she allows you to express your fears and she still rests your fears and that is my respect. I don't normally comment on videos, but this word should be included. she is really cool.
Coach Hilder is definitely the best so far. she always surprises me with amazing results.. We also plan to surprise her. You must have heard of it.
I just looked up her name online. She is licensed with credible certificates and has an amazing track record.
And she is always active on
T E
L E
Why are houses always monopolized by the private sector? A certain number of homes should be built in every state by the government to level the playing field.
Trust me. You do not want the government building houses.
Kamala announced detailed plans to do that very thing. Oh well.
@@tuyinc
It would actually be the government paying contractors to build the homes, then also backing some loans for lower income buyers who've been recently priced-out of the market. Building 3-5 million new homes over a couple years, would drastically lower prices quickly, and spark a buying boom. It would be good all around.
The government has proven it can't even maintain the properties it owns. Why would we want that?
@@tuyinc Let me guess, the government can't do anything correctly, is that it?
I'm 36, been working full time for my entire adult life and I can't afford to save for a house. I will finally have a house once my parents pass and I inherit their house. I never wanted that house, but it's my only option at this point because saving for my own house is impossible now. Rent takes almost 60% of my income.
I thought it was just me!
And our governments has sold out We The People
Yes when rates go down price go up
A higher price with a lower rate is much better than the other way around. Higher rate mean more of a percentage goes to interest instead of principle.
You can always refinance rate but you’re locked into an overpriced house.
As Wall Street always does for decades... .. No wonder we have homelessness and less home ownership
Davos...They are the ones who said you will no longer own things...your car your house belongs to them...and that your clothes will be limited to basically a jumpsuit.
Something about the stacked identical houses makes me uncomfortable. I hate it tbh
These are not affordable. They are building these up the road. In an old factory town where the rent before it exploded was. 590-1500 these houses rent for 2500-2700
If I ever have to rent, I'll be homeless.
That is actually kind of nice. When i was in the Navy and moved around often I rented places to live. Apartments dominated the rental market while single homes were hard to find, it's nice to have more options.
Dem here who is and was livid for Biden et al doing nothing to help families like this. I’m older and have money. We bought a house in 2022 and came in guns blazing to beat out 12 other offers. If this was us 30 years ago we would not have had a chance. It’s not fair but more importantly it’s awful for prosperity and the strength of our middle class.
Well the Right is CERTAINLY NOT going to do a damn thing about this !!! That’s their jam. They can’t have any regs on big business. And that’s who is buying up homes now.
The irony is that this is rampant in red states.
Its not Biden, its Manchin, Sinema and GOP... They voted it down.
Many purchase homes out of their own Retirement Accounts acting as the financier. Trusts are active entities also.
Tax benefits.
BlackRock, Redfin and Zillow are doing this as well. They hoarded homes for the last 10 years. Outbidding first time home buyers, to rent or make a buck after a few months. Inflating the prices artificially.
Hedge funds shouldn't be allowed to buy homes, period, full stop. I guess my big follow-on question is if you're renting these houses, is someone gonna fix something if it breaks? (maybe?) or is the onus on renters? sounds like a problem a HOME OWNER should figure out.
If the hedge fund hadn’t bought up those houses and then rented them out, that guy wouldn’t be living in that nice home. He couldn’t afford to buy it and he’d be in some cruddy apartment.
I wish these people would stop complaining about interest rates it's the price of the house that is stopping most people. In the 70s and 80s interest rates were between 9 1/2 and 20 percent.
Gosh, 40 to 50 years ago. Lemme guess, you love to say garbage like "kids these days" and "back in my day".
Also recessions.
Normal would be about 4-5%.
I live in a built to rent home. Our rent went from $2000 to $3000 in the last 6 years.
Exactly
I call it the timeshare myth😂
Yup. I make 75k a year and have money for 50% down payment in 400k home and still can't afford a house
Oh, bullshit. If you're trying to tell me you have $200,000 in cash and you can't get into a house, you're either full of shit, have the worst credit on the planet, or you're shopping in the wrong neighborhood.
@@jeremyrangel8138 The payment plus the insurance plus the home owners tax yea - cant afford it
@jeremyrangel8138 oh, you are so smart. But no, that is with 6% interest and would put my mortgage at 2k per month. After taxes and deductions I bring home 4k per month. What exactly does the neighborhood have to do with loans genius?
@@jacoblittle3209 I don't know. I'm too busy hanging out in the house that I own to think about it. Enjoy your rental, peasant.
Privatized prisons lease out prisoners to be used by others for labor.
The Supreme Court recently approved making sleeping in public & unapproved tent camping on public land illegal (trespassing on private property was already able to be outlawed).
Increasingly, Corporate landlords won't rent to tenants with low FICO credit scores. Medical debt lowers credit scores.
So ... yes, we have slavery in the U.S.. 😶
And they wonder why the smart ones of us are no longer having children.
Rosemarie gets it. 100% correct.
Real Estate in this country is the worst in the world. Foreigners, even enemy nations, can buy and own??? Where else is this done.
Foreign entities should not be allowed to purchase more then 1 residential property
It's done in Canada much to our chagrin!
@@tinkerbell1120Canada is crazy…..1/4 Canadians were born in a different country…
You also have the whole RTO as places like Boston is offering grants to companies to convert the office buildings to apartments for affordable housing. Then suddenly there is the push to get people back into the commercial space when really, there is no need to be.
The President of the leading "Build-to-Rent" corporation is named B-rent. That's a little too on the nose. Are we living in SimCity?
I own a construction company that generates over a million a year in revenue, i work 12 hour days... And here in California, I still cant buy a home for my family of 4.
What part of California? City?
$1,000,000 in revenue? What are you building? Dog houses? Seriously you are a tiny construction company. On $1 million of revenue you should be clearing $200,000 a year. Yeah that’s not much in California.
I'm sure there are some affordable homes, just not in neighborhoods you want to live in
This gets even WORSE when you take in to account how CREDIT AND INSURANCE COMPANIES are going to exploit people with bad credit scores with HIGHER rent PRICES.
Property taxes are going up a lot for owners too.
The middle class deserves home ownership! To accomplish this, it has to take it to the street and stay there until the corrupt entities stop what they are doing and simplify home ownership for the middle class! Cowardice will perpetuate the problem, therefore, hey middle class, roll up your sleeves and fight for your right !!!!
nobody cares and nobody is willing to fight.
@@russellburnup1939 I sort of agree! It appears that this generation has been systematically wussified !!
Interesting he says interest rate is too high but not the actual price of homes.
You feel priced out now think about when you retire
Time to DIY home building. Open your RUclips home building guides videos
Yes 💯
I live in the suburbs outside Phoenix. I slpit the rent with 4 other full time employed adults to pay the RENT on a 4 bedroom 2 bath house.
FIVE FULL TIME EMPLOYED ADULTS! And none of is can afford to buy. Or even rent on our own.