if you actually listened to her arguments its more that corps used the excuse of inflation to price gouge...they bragged about it on their earnings calls. shes definitely not saying corps have only been greedy the last few years. Maybe listen to her actual arguments instead of ignoring most of it becuase youre biased against her so you dont stay a simpleton and actually have a nuanced opinion on the issue
@Deathlordalmighty A vacant home does not prove there is not a shortage. A shortage is a low supply of homes available to purchase... there were 300k fewer homes listed in 2023 compared to 2019, plus our population has grown from birth and immigration.
@@Deathlordalmighty The home vacancy rate is at an all time low. There are always and will always been vacant units and houses for a variety of reasons- they're for sale, people moved out at the end of their lease, whatever. That's normal, it's not like we would ever see every single house and apartment occupied. And "tens of thousands" is not that many in a nation of 330 million people. Again, the housing vacancy rate is at historic low levels now. Absolutely and inarguably we have a housing shortage.
Are we all acting like there wasn’t just a huge bust of these corporations who were doing exactly the thing of rigging the prices everywhere and keeping apartments empty. Like it’s been two months tops. Yes supply but you gotta fix the corruption that is blatant.
Robby needs to read up on the housing issue. He will find out about how investors are buying out homes in neighborhoods and renting them out at high prices
The idea of corporations willingly leaving residential properties vacant long term on purpose is preposterous and incorrect. So, either collect thousands monthly, have your tenant pay for insurance, and have a net gain, -OR- Leave is vacant invite squatters/vandals/destroyers, pay the taxes and mortgage, and most insurance companies require occupancy, so it'd go uninsured. A for-profit venture would rather not own the property than own it long term vacant. No amount of logical hopeful property value gain can offset the risk. Make money everywhere possible. Save money everywhere possible.
Jessica, I have heard a similar argument from you when it comes to food. Are you really arguing that there is a straight-up conspiracy from every single Corporation in America to price gouge?!
"Kamala Harris didn't directly and single handedly cause global inflation before even taking office, did she?" almost starting to get Vance's analogy..
Same happening here in Idaho - ex-urbanites are the single biggest reason housing costs have gotten so bad. It isn't "corporations." But that's Jessica's favorite punching bag, of course.
Bobby needs to stop giving the top 1% sloppy toppy and worry about the issues effecting the lower and middle class. I don't understand why he supports an oil company's right to charge us $5 a gallon or a grocery store right to charge us more for groceries even if there are no supply chain issues, they raise the price of these in the name of profit... for the 1%.
@@davidwong5197 hints the phrase “half right” is she right on investors holding houses? Yes. But it’s not nearly enough to acct for the failure in policy for the last 4 years as she tries to excuse
@@CityGamer1337 This started in 2008 when Obama was president. Lobbyist owned the congress. Neither Harris or Trump will do anything about it. Trump's famous answer was Drill baby drill. Knoqing the root cause anf fixing it are two different things
There was a pandemic in 2020. Don’t use those numbers in comparison to 2024. It’s a bad argument. Jessica’s entire argument is very flawed There IS a supply problem in most of the USA and the supply being limited allows the costs to skyrocket, combined with high interest rates that cause the mortgage monthly bill to be SUPER HIGH. In order to make back the mortgage payment, investors (even home owners that need to rent out their home) have to increase the monthly rental costs. There may be vacancies in some areas but those are likely in areas where jobs have disappeared due to COVID shutdowns that caused businesses to crumble. Empty homes deteriorate and lose their value. They need to be lived in with climate control etc. No one wanting to invest in a home property is going to “hold it vacant “. Not if they are even a little competent at “investment “.
@@theBear89451 Blackrock has NOTHING to do with 401K's I suggest you look it up as well and see what they are doing. Blackrock goes into an area and buys everything they can mostly foreclosures and then drives the prices up in the rental market. I WOULD like to ban large corporations from buying all the housing and screwing the little guy because they don't sell the houses they rent them and if you don't like the rent you can go try and find a rental somewhere else
But never flew to Epstein Island. He also banned Epstein from his properties because he was hitting on a members daughter. Bill Clinton went to the island. He was accused of SA 8 times before he was elected President and settled a case out of court for $850,000 ($1.6 million adjusted today)
This is not how Cap Rate works. All buyers are still going to ask for a P&L when purchasing a property. Simply saying this is what units rent for here don't mind the 80% vacancy rate would not work. This is not a means to artificially raise the value of a property. Jessica has a tilt to every story about Boogeyman corporate greed. It's so tiresome.
Sorry Jessica, that's what roommates are for. Remember the old movies where women struck out on their own? They always had at least one roommate. Used to ve we graduated from college, got a job, moved in with roommates until we could afford a place of our own. People are too spoiled today, wanting the government to fix all. I'm not saying housing prices are not too high, they are, but it is not for the government to fix.
They do this all the time in NYC - holding units off the market until they get the price they want. Falsely inflating the market and getting tax breaks for it. That's NOT how the market is supposed to work.
Honestly Jessica killed it in this video. I'm conservative since 2022 and tend to agree with Robby. But this is exactly the content I'm here for that I can't find in many other places - discourse, debate, people being wrong, people being right. Or maybe there's not even a right or a wrong answer at all because life is far more complex than that and is filled with nuance in different shades of gray. But discussion like this gives people the opportunity to change or alter their perspective based on new evidence, or at least grants the opportunity to consider something new. And that is definitely what we need more of. Great content. I look forward to more. :)
Birdbrains squawk and hide under one wing or the other, while the falcon attacks the eagle. He is swift, sharp, sees much farther and, soars much higher. RFK Jr. He's not a wasted vote. He's the real vote.
I've only seen a couple of videos with her in it, but I definitely don't see her argumentative or combative. If anything this is peak discourse and debate. 👌💯
Ha, Jessica really schooled Robby on the housing issue. Usually she drives me bonkers with her DNC talking points. If we could only get her to sever her allegiance and ben an independent she might turn out alright.
If housing prices are too high, then "the fix" for that would be to introduce legislation to curtail investor participation in the housing market. Handing out millions of dollars to buyers only increases demand. I like some of the younger generations' thoughts and ideas, but this is not one of them. I feel like our public and higher education systems are pumping out economically illiterate grads. Pro tip to the democrats out there, you are not only competing for housing against investors, but also 25 million people that are in this country illegally.
Freddie Mac estimates there is a shortage of 1.5 million houses, townhouses and condos in the U.S. Because of the shortage in housing the price of houses has been driven up making it unaffordable for those on the lower end of the economic scale.
WOW - a day I agree with Jessica! This is the housing market in NYC, landlords withhold properties from the market to drive up rent prices. They do this for DECADES sometimes with retail properties. They absolutely do it with apartments. Her point is - 1) they are artificially controlling the market - so the market has been hijacked and doesn't work in a normal way. 2) If they build more they'll just keep doing the same thing. In NYC these landlords get tax breaks on empty units and storefronts! No incentive to allow the market to reflect what would be, the actual market.
Its both corporations buying buildings to keep prices up on your existing properties. Lower the supply and you can charge more. But its also zoning regulations especially in california and new york where people dont want to lose their value of their property, so they try and stop all new buildings.
Jessica is right on this one. Robby needs to do some research on it. This is like what Bill Gates is doing but with land purchasing. Hes buying out tons of land which makes land more scarce and more costly for smaller investers who want to build homes. And I'm talking about individuals who wamt to build a house.
still havent gotten a good answer as to why prices rose so much during the pandemic supposedly due to money printing but when trump printed twice as much as biden, prices didnt skyrocket...if it wasnt price gouging and the global supply problems, what was it??
Unsurprisingly, Jessica will not acknowledging basic economics. If you want want to be free from rent hikes, then you should own your home, and preferably the land too. Owning with a mortgage is always cheaper than renting, but you will have other expenses and will have to plan for them. If you have bad credit, you probably aren't a planner, so you can't get the mortgage. Even if you did, you probably wouldn't plan far enough ahead for repairs, maintenance, and disasters. There's a reason landlords and renters exist. Landlords provide a service that renters don't or can't deal with. Yes, there are fantastically terrible landlords, and, by the numbers, far far more terrible tenants. The threat of terrible tenants increases risk for landlords, so they set their rent higher to mitigate that risk, because they are planners. Involuntary government will always make the problems worse, not better.
Hmm, I dunno, but visiting my CDN mom in Canada who loves watching MSNBC & enjoyed tonight's convention in Chicago. Once I heard it termed greed-flation, then too there was talk of holding corporation's accountable for their greed. This has been my take on inflation since I heard Bernie Sanders say oil companies are making more money than ever. I then realized every thing has to be delivered at least twice, once to wholesalers, then on to retailers, OFC using gasoline, so translating into a top-down gouge-fest. So whatever complicated economic mechanism is responsible for creating inflation, this dynamic surely adds to it, no?
In 2020-21 with the pandemic it’s very obvious investors panicked and bought real estate thinking that all the money we were printing and handing out was gonna have a negative impact on the economy. Then people moved to different parts of the country that weren’t locked down I.E. Florida/Tenn. Well you can’t just build in Florida because of protected wet lands,swamps,beaches and regulations regarding weather. Obviously that drives up the prices on what’s available. People were buying from out of state sight-unseen in cash thousands of dollars over asking. Driving property values through the roof. It’s really not that hard to understand. Then you have “vacant” homes with squatters.
Jess has absolutely no idea what she’s saying about cap rate. Rental income is part of the valuation of real estate however leaving units empty bc they aren’t paying a higher rent negatively impacts the value of the property. Investors don’t buy on potential gross income, they buy on actual income so having less income by leaving vacant units only hurts the valuation. Sounds like Jess heard something and googled it without actually talking to someone who uses cap rates in real life.
She’s talking about long term hold, so the current cap rate doesn’t matter - it’s the cap rate at time of selling the property. While holding vacant property the investor can write off lost income and expenses.
@@larrybgood3923 They do this all the time in NYC - holding units off the market until they get the price they want. Falsely inflating the market and getting tax breaks for it.
Cap rate is based on comparison of the near by area where the rent, not potential gross income. Housing is different from commercial. investor will always buy an empty home based on rent in the neighborhood even the house is empty.
Listening to Jessica talk about cap rates is so humorous, she found a term she doesn’t understand and goes forth to believe that zero rent = higher value… it works nothing like that. She needs to stay in her lane
As a Kentuckian, Beshear is the definition of government over reach. Wont forget him sending police to take license plate numbers of those attending church during Covid.
So,shes saying they're leaving these properties vacant...unused and being degraded, chance of squatters, decay just to try to charge more rent. Then hold on to a vacant property so they could sell it for more in 10 years??????? Meanwhile paying propery taxes, mortgages.......... Im not sure about this...
not always completely vacant, quite a few end up just converted into air bnb properties. its not the only cause though. we need to build more affordable housing too, but that isn't what builders want to build because its less profitable.
YES. They do this all the time in NYC - holding units off the market until they get the price they want. Falsely inflating the market and getting tax breaks for it. We've been dealing with this since the early 90s. HUGE problem.
I don't typically agree with Jessica white, but I will agree with her on this, Having been in construction For residential and commercial for the last 25 year The big investors control everything even the cost of living.
It’s the price point of the available housing that’s creating available housing. If builders are permitted or incentivized to build more modest homes or apartments then the housing crisis is reduced with more affordable housing.
Let's see. What has changed since two years ago? We're in 2 wars. Inflation is making it diffcult to make ends meet. She does bring a jocular attitude to difficulties. Open bordets has made life more dulifficult and less safe for everyone. Life is more djfficult period, while our debt has sky- rocketed.
Robbie, Portland is building big buildings with condos and apartments above street-level retail all through out the city and housing prices are not coming down.
Investors have been buying properties and renting them for as long as there's been housing. I do it myself. Most investors aren't large evil corporations.. they're normal people who have learned a great way to build up passive income streams. We also don't overcharge rent. We charge market prices. We don't want that property sitting vacant, because it loses money. However, almost all of us have learned that renting property for below market value results in the lowest quality of renters who will not respect your property. I know I've learned that the hard way. Robby is right.. the only thing that will bring down housing prices, including rent, is more supply.
Sor you are so wrong, for right now. For here on Jamaica Queens occupied residential homes investors are harassing and pushing home owners to sell or if not get out. They state the Metro Rail want to develop the area. This can be seen in Archer - Suthphen Blvd area of Jamaica, Queens New York. Over 16 high rise apartments and hotels were built up within a 1 1/2 year.
That isn’t what cap rate is: cap rate is basically a calculation of income / market value. If you refuse to rent out a place, your cap rate is LOWER. It’s basic math.
Robbie you don't need to build more housed if there are already enough. Jessica is right, there is plenty of supply already therefore there is not a supply problem. It's just common sense. Building more would be wasteful when we already have plenty. Increasing supply would only drive down costs if lack of supply was the problem, but it clearly isn't. If we built more (without price controls) the market has no incentive to offer them any more cheaply than the ones that are already sitting empty. We either want to sell them more cheaply or they don't. If they did, they'd be cutting the cost of thee surplus we already have.
A simple Google would tell you there is a real shortage. Just because vacant homes exist does not mean there is not a shortage..... 300k less houses listed in 2023 compared to 2019...... that's a shortage.... This is a cop out to say it's not our extensive regulations/government causing this it's the corporations.
Umm there is still a supply issue. If people want to buy homes and have them unoccupied for long periods of time they are losing money. If they hope to sell them years down the line it’s a risky investment.
Sure, big corporations do cartel and stuff, but You can't sit on a house for infinity, and hope that a fool will buy it from you at an inflated price. It costs money to maintain it, and it is also a financial loss, if you keep your money in depreciating assets.
To Jessicas point on inflation was high in many other countries the past 4 years also, isnt there a correlation? In the 70s & 80s I remember economists say when the USA economy catches a cold the entire world economy gets the flu or something like that I don't know, is that not still true today?
Not every home is owned by a private investor not even a majority of the percent, and they are not fond of keeping the units empty, thats a gigantic loss in revenue. She is only looking at this issue from a smaller lens. The problem is that its not a free market. If it was these investors would compete with new homes being built. Can Robby please do a bit more research before talking about these issues with Jessica.
Jessica had some really good points for how these corporations work. I think she’s right. And that should get fixed. Robbie is right too. Supply would certainly help. However if the people providing the supply are the same corp., then nothing changes.
JD Vance is really bad for the Trump campaign. He has no charisma or the communication skills to deliver a compelling vision for the future. Vivek with his brilliant communication would have helped Trump. JD is problablt a ni e guy but he shpuld stop giving Biden/ Harris so muc publicity. JD you are SO BORING. Resign and Reps need to chooce a better more compelling VP
While there is some truth peppered in Jessica's seeming soliloquy (despite being recorded in a studio), it sure is difficult and frustrating to listen to her speak about anything economic. If I wanted to hear from Karl Marx, I'd grab a book...
Dont like JD vance but thats a burn
So jessica is saying corporations just got greedy in the last 3 years 😂 Ha what a simpleton. 😂
No they’ve been greedy. They’ve been buying up homes since the 08 crisis. Court gave housing has been rising ever since
ya.. and the oil companies chose to sell oil for -$30 in 2020... because they were just being charitable.
So POTUS sets prices at private companies?
if you actually listened to her arguments its more that corps used the excuse of inflation to price gouge...they bragged about it on their earnings calls. shes definitely not saying corps have only been greedy the last few years. Maybe listen to her actual arguments instead of ignoring most of it becuase youre biased against her so you dont stay a simpleton and actually have a nuanced opinion on the issue
You are not very bright, are you?
I love the show! On Rising you allow each other to speak without brow beating or a lot of interruptions.
Jessica is such a fool, we have a supply issue
🤡👈
There are literally tens of thousands of vacant units. How do we have a supply issue if there's plenty of supply?
@Deathlordalmighty A vacant home does not prove there is not a shortage. A shortage is a low supply of homes available to purchase... there were 300k fewer homes listed in 2023 compared to 2019, plus our population has grown from birth and immigration.
@@Deathlordalmighty The home vacancy rate is at an all time low. There are always and will always been vacant units and houses for a variety of reasons- they're for sale, people moved out at the end of their lease, whatever. That's normal, it's not like we would ever see every single house and apartment occupied. And "tens of thousands" is not that many in a nation of 330 million people.
Again, the housing vacancy rate is at historic low levels now. Absolutely and inarguably we have a housing shortage.
Are we all acting like there wasn’t just a huge bust of these corporations who were doing exactly the thing of rigging the prices everywhere and keeping apartments empty. Like it’s been two months tops. Yes supply but you gotta fix the corruption that is blatant.
Yes, Jessica, please continue protecting Que Mala from the media.
Que Mala!! 🤣😂🤣
Robby needs to read up on the housing issue. He will find out about how investors are buying out homes in neighborhoods and renting them out at high prices
He knows. He just can't comment because his libertarian philosophy excuses and encouragers this type of economy.
@@morganghetti Robby is a Corporate Libertarian which when put in full context makes no sense cause Companies are just creations of the state
And how would that realistically be addressed by what Harris is proposing? I fail to see the connection.
@@morganghetti At the end of the day, though, he's right. There's a supply issue.
The idea of corporations willingly leaving residential properties vacant long term on purpose is preposterous and incorrect.
So, either collect thousands monthly, have your tenant pay for insurance, and have a net gain,
-OR-
Leave is vacant invite squatters/vandals/destroyers, pay the taxes and mortgage, and most insurance companies require occupancy, so it'd go uninsured.
A for-profit venture would rather not own the property than own it long term vacant.
No amount of logical hopeful property value gain can offset the risk. Make money everywhere possible. Save money everywhere possible.
The deflecting by Robbie is MAGA gold!! 😂😂😂
I don’t know how Robby keeps sane week after week. 😂
Listening to Jessica talk about a cap rate is like listening to my 4th grader explain what a mathematical proof is
Jessica, I have heard a similar argument from you when it comes to food. Are you really arguing that there is a straight-up conspiracy from every single Corporation in America to price gouge?!
I like that Robby had to explain to Jessica that the jet can't commit crimes lol
"Kamala Harris didn't directly and single handedly cause global inflation before even taking office, did she?"
almost starting to get Vance's analogy..
Talking to a socialist is like talking to a rock. They will never understand how bad their ideas are.
Part of the reason for the rising cost of housing and food costs in Texas is all the people relocating here from Blue states.
Same happening here in Idaho - ex-urbanites are the single biggest reason housing costs have gotten so bad. It isn't "corporations." But that's Jessica's favorite punching bag, of course.
The flee the crime, high taxes, high housing costs they voted for, and then vote for the same thing in the places they relocate to.🤣🤣
Miami here, totally agree.
Texas housing will come back down because construction there is not a crime. They criminalize things like shoplifting instead.
Bobby needs to stop giving the top 1% sloppy toppy and worry about the issues effecting the lower and middle class. I don't understand why he supports an oil company's right to charge us $5 a gallon or a grocery store right to charge us more for groceries even if there are no supply chain issues, they raise the price of these in the name of profit... for the 1%.
Robby's laissez-faire stance is nearly the sole thing that bothers me about him. But it's a big one. Hopefully as he matures that will change.
Do not let Jessica run anything that requires basic economic understanding.
Jessica is always like half right in her assessments… the other half not so much
Actually they are both right. Investers are holding on to vacant house and there is a shortage of AFFordable housing
@@davidwong5197 hints the phrase “half right” is she right on investors holding houses? Yes. But it’s not nearly enough to acct for the failure in policy for the last 4 years as she tries to excuse
@@CityGamer1337 This started in 2008 when Obama was president. Lobbyist owned the congress. Neither Harris or Trump will do anything about it. Trump's famous answer was Drill baby drill.
Knoqing the root cause anf fixing it are two different things
There was a pandemic in 2020. Don’t use those numbers in comparison to 2024. It’s a bad argument.
Jessica’s entire argument is very flawed
There IS a supply problem in most of the USA and the supply being limited allows the costs to skyrocket, combined with high interest rates that cause the mortgage monthly bill to be SUPER HIGH. In order to make back the mortgage payment, investors (even home owners that need to rent out their home) have to increase the monthly rental costs. There may be vacancies in some areas but those are likely in areas where jobs have disappeared due to COVID shutdowns that caused businesses to crumble.
Empty homes deteriorate and lose their value. They need to be lived in with climate control etc. No one wanting to invest in a home property is going to “hold it vacant “. Not if they are even a little competent at “investment “.
Robbie Google Blackrock who buys everything they can to jack up rents
Do you want to ban 401Ks too because that is similar case of people buying up everything?
@@theBear89451 Blackrock has NOTHING to do with 401K's I suggest you look it up as well and see what they are doing. Blackrock goes into an area and buys everything they can mostly foreclosures and then drives the prices up in the rental market. I WOULD like to ban large corporations from buying all the housing and screwing the little guy because they don't sell the houses they rent them and if you don't like the rent you can go try and find a rental somewhere else
We have a problem because we have unemployed people wanting equity.
Not a good move when the top of the ticket was on Epstein's plane 7 times.
But never flew to Epstein Island. He also banned Epstein from his properties because he was hitting on a members daughter. Bill Clinton went to the island. He was accused of SA 8 times before he was elected President and settled a case out of court for $850,000 ($1.6 million adjusted today)
This is not how Cap Rate works. All buyers are still going to ask for a P&L when purchasing a property. Simply saying this is what units rent for here don't mind the 80% vacancy rate would not work. This is not a means to artificially raise the value of a property. Jessica has a tilt to every story about Boogeyman corporate greed. It's so tiresome.
Sorry Jessica, that's what roommates are for. Remember the old movies where women struck out on their own? They always had at least one roommate. Used to ve we graduated from college, got a job, moved in with roommates until we could afford a place of our own. People are too spoiled today, wanting the government to fix all. I'm not saying housing prices are not too high, they are, but it is not for the government to fix.
They do this all the time in NYC - holding units off the market until they get the price they want. Falsely inflating the market and getting tax breaks for it. That's NOT how the market is supposed to work.
Robby's "meanwhile" reminds me of the old Justice League cartoons.
Honestly Jessica killed it in this video. I'm conservative since 2022 and tend to agree with Robby. But this is exactly the content I'm here for that I can't find in many other places - discourse, debate, people being wrong, people being right.
Or maybe there's not even a right or a wrong answer at all because life is far more complex than that and is filled with nuance in different shades of gray.
But discussion like this gives people the opportunity to change or alter their perspective based on new evidence, or at least grants the opportunity to consider something new. And that is definitely what we need more of.
Great content. I look forward to more. :)
It's not like there's children still on that plane, Jessica. Come on
Birdbrains squawk and hide under one wing or the other, while the falcon attacks the eagle. He is swift, sharp, sees much farther and, soars much higher.
RFK Jr. He's not a wasted vote. He's the real vote.
I don't support Vance but that was a good metaphor 😂. Yeah it's weird like BlackRock writing Harris economic policy.
Trump and Vance are best for the U.S.!!!
I, I , I ....., Robby is having a lot of problem with Jessica
She is oversimplifying because she is has a deificit of comprehension
We have the fewest house per person since the 1940's. We desperately need more housing.
Jessica is encouraged to be argumentative as she is.
It’s a bit of a performance on these shows.
"A bit."
I've only seen a couple of videos with her in it, but I definitely don't see her argumentative or combative. If anything this is peak discourse and debate. 👌💯
Ha, Jessica really schooled Robby on the housing issue. Usually she drives me bonkers with her DNC talking points. If we could only get her to sever her allegiance and ben an independent she might turn out alright.
If housing prices are too high, then "the fix" for that would be to introduce legislation to curtail investor participation in the housing market. Handing out millions of dollars to buyers only increases demand. I like some of the younger generations' thoughts and ideas, but this is not one of them. I feel like our public and higher education systems are pumping out economically illiterate grads. Pro tip to the democrats out there, you are not only competing for housing against investors, but also 25 million people that are in this country illegally.
JD is as bad for the campaign as Waltz. The biggest mistake JD
Freddie Mac estimates there is a shortage of 1.5 million houses, townhouses and condos in the U.S. Because of the shortage in housing the price of houses has been driven up making it unaffordable for those on the lower end of the economic scale.
WOW - a day I agree with Jessica! This is the housing market in NYC, landlords withhold properties from the market to drive up rent prices. They do this for DECADES sometimes with retail properties. They absolutely do it with apartments. Her point is - 1) they are artificially controlling the market - so the market has been hijacked and doesn't work in a normal way. 2) If they build more they'll just keep doing the same thing. In NYC these landlords get tax breaks on empty units and storefronts! No incentive to allow the market to reflect what would be, the actual market.
Its both corporations buying buildings to keep prices up on your existing properties. Lower the supply and you can charge more.
But its also zoning regulations especially in california and new york where people dont want to lose their value of their property, so they try and stop all new buildings.
Jessica is right on this one. Robby needs to do some research on it. This is like what Bill Gates is doing but with land purchasing. Hes buying out tons of land which makes land more scarce and more costly for smaller investers who want to build homes. And I'm talking about individuals who wamt to build a house.
Homeless in SanFrancisco may not be able to afford any homes if they have either drug dependency issues or mental issues.
He is not wrong
still havent gotten a good answer as to why prices rose so much during the pandemic supposedly due to money printing but when trump printed twice as much as biden, prices didnt skyrocket...if it wasnt price gouging and the global supply problems, what was it??
People need to get a job to be able to pay their own bills. We can't cover for the unemployed.
Unsurprisingly, Jessica will not acknowledging basic economics. If you want want to be free from rent hikes, then you should own your home, and preferably the land too. Owning with a mortgage is always cheaper than renting, but you will have other expenses and will have to plan for them. If you have bad credit, you probably aren't a planner, so you can't get the mortgage. Even if you did, you probably wouldn't plan far enough ahead for repairs, maintenance, and disasters. There's a reason landlords and renters exist. Landlords provide a service that renters don't or can't deal with. Yes, there are fantastically terrible landlords, and, by the numbers, far far more terrible tenants. The threat of terrible tenants increases risk for landlords, so they set their rent higher to mitigate that risk, because they are planners. Involuntary government will always make the problems worse, not better.
SF is rent controlled
He'd know. Vance is Peter Theils boy. Like Epstein was 😂😂😂
Business keeps the economy running. This lady does not understand this.
Hmm, I dunno, but visiting my CDN mom in Canada who loves watching MSNBC & enjoyed tonight's convention in Chicago. Once I heard it termed greed-flation, then too there was talk of holding corporation's accountable for their greed. This has been my take on inflation since I heard Bernie Sanders say oil companies are making more money than ever. I then realized every thing has to be delivered at least twice, once to wholesalers, then on to retailers, OFC using gasoline, so translating into a top-down gouge-fest. So whatever complicated economic mechanism is responsible for creating inflation, this dynamic surely adds to it, no?
We already have a Teddy Roosevelt in the race, it's the Bull Moose himself RFK not the establishment peon Harris.
Uhhh ok buddy.
The "cap" is still allowing investors...it is just a tax to keep what they are doing.
In 2020-21 with the pandemic it’s very obvious investors panicked and bought real estate thinking that all the money we were printing and handing out was gonna have a negative impact on the economy. Then people moved to different parts of the country that weren’t locked down I.E. Florida/Tenn. Well you can’t just build in Florida because of protected wet lands,swamps,beaches and regulations regarding weather. Obviously that drives up the prices on what’s available. People were buying from out of state sight-unseen in cash thousands of dollars over asking. Driving property values through the roof.
It’s really not that hard to understand. Then you have “vacant” homes with squatters.
Jessica is similar to Trump. Neither are anywhere near as smart nor insightful as they believe themselves to be.
Jess has absolutely no idea what she’s saying about cap rate. Rental income is part of the valuation of real estate however leaving units empty bc they aren’t paying a higher rent negatively impacts the value of the property. Investors don’t buy on potential gross income, they buy on actual income so having less income by leaving vacant units only hurts the valuation. Sounds like Jess heard something and googled it without actually talking to someone who uses cap rates in real life.
Completely agree. She needs to actually talk to a real investor and learn about these topics before trying to use them in a sentence.
She’s talking about long term hold, so the current cap rate doesn’t matter - it’s the cap rate at time of selling the property. While holding vacant property the investor can write off lost income and expenses.
@@larrybgood3923 They do this all the time in NYC - holding units off the market until they get the price they want. Falsely inflating the market and getting tax breaks for it.
Cap rate is based on comparison of the near by area where the rent, not potential gross income. Housing is different from commercial. investor will always buy an empty home based on rent in the neighborhood even the house is empty.
Robbie’s always a bit grumpy, but he seems way more grumpy and defensive the past few weeks. Jeesh man. Relax.
She is correct. Happens in many states. Office buildings also.
Listening to Jessica talk about cap rates is so humorous, she found a term she doesn’t understand and goes forth to believe that zero rent = higher value… it works nothing like that. She needs to stay in her lane
Robbie is so detached from what is actually going on
So …Vance is talking smack about Trump’s good ole buddy Jeffery Epstein?
They can't make any money by selling the house if there are a lot of other houses on the market.
White Saager makes a lot of good points
As a Kentuckian, Beshear is the definition of government over reach. Wont forget him sending police to take license plate numbers of those attending church during Covid.
So,shes saying they're leaving these properties vacant...unused and being degraded, chance of squatters, decay just to try to charge more rent. Then hold on to a vacant property so they could sell it for more in 10 years??????? Meanwhile paying propery taxes, mortgages..........
Im not sure about this...
Idk if it’s every case but many of these corporations get politicians in their pocket and get special tax exemptions ect.
not always completely vacant, quite a few end up just converted into air bnb properties. its not the only cause though. we need to build more affordable housing too, but that isn't what builders want to build because its less profitable.
YES. They do this all the time in NYC - holding units off the market until they get the price they want. Falsely inflating the market and getting tax breaks for it. We've been dealing with this since the early 90s. HUGE problem.
I don't typically agree with Jessica white, but I will agree with her on this, Having been in construction For residential and commercial for the last 25 year The big investors control everything even the cost of living.
It’s the price point of the available housing that’s creating available housing. If builders are permitted or incentivized to build more modest homes or apartments then the housing crisis is reduced with more affordable housing.
Exactly.
I could swear I just saw Jessica praising Kamala's economic pick, Brian Deese...of BlackRock
Jessica talking about people being smarter then ...
She would be well advised to worry about her own.
Both are true, especially in California with the population being so high. There is not enough houses and what's here is priced to high
Let's see. What has changed since two years ago? We're in 2 wars. Inflation is making it diffcult to make ends meet. She does bring a jocular attitude to difficulties. Open bordets has made life more dulifficult and less safe for everyone. Life is more djfficult period, while our debt has sky- rocketed.
Jess trying to talk about cap rates 🤣
Kamala in Spanish has a ring similar to “Que Mala” or “How Bad” she is.
He did compare her to Epstein.
The quality of the Hosts (both of them) has really gone downhill. Both Jessica and Robby are completely predictable!
Robbie, Portland is building big buildings with condos and apartments above street-level retail all through out the city and housing prices are not coming down.
Same in NYC
Where would we be without the intellectual of Jessica imparting her wisdom.
How did Robby get his job?
Is she still trying to push for taxes on unrealized capital gains?
Investors have been buying properties and renting them for as long as there's been housing. I do it myself. Most investors aren't large evil corporations.. they're normal people who have learned a great way to build up passive income streams. We also don't overcharge rent. We charge market prices. We don't want that property sitting vacant, because it loses money. However, almost all of us have learned that renting property for below market value results in the lowest quality of renters who will not respect your property. I know I've learned that the hard way. Robby is right.. the only thing that will bring down housing prices, including rent, is more supply.
They’re both right….
Girl are you getting paid to hype her up to keep her away from her boarder control ill never watch you again enjoy your money
Sor you are so wrong, for right now. For here on Jamaica Queens occupied residential homes investors are harassing and pushing home owners to sell or if not get out. They state the Metro Rail want to develop the area. This can be seen in Archer - Suthphen Blvd area of Jamaica, Queens New York. Over 16 high rise apartments and hotels were built up within a 1 1/2 year.
That isn’t what cap rate is: cap rate is basically a calculation of income / market value. If you refuse to rent out a place, your cap rate is LOWER. It’s basic math.
Robbie you don't need to build more housed if there are already enough. Jessica is right, there is plenty of supply already therefore there is not a supply problem. It's just common sense. Building more would be wasteful when we already have plenty.
Increasing supply would only drive down costs if lack of supply was the problem, but it clearly isn't. If we built more (without price controls) the market has no incentive to offer them any more cheaply than the ones that are already sitting empty. We either want to sell them more cheaply or they don't. If they did, they'd be cutting the cost of thee surplus we already have.
I work in real estate. There’s a supply issue.
A simple Google would tell you there is a real shortage. Just because vacant homes exist does not mean there is not a shortage..... 300k less houses listed in 2023 compared to 2019...... that's a shortage....
This is a cop out to say it's not our extensive regulations/government causing this it's the corporations.
@@Hgcfdghjjvvcyou talk as if they still build starter homes
Look up the home vacancy rate, and see where it is now versus where it's been in the past 50 years.
Umm there is still a supply issue. If people want to buy homes and have them unoccupied for long periods of time they are losing money. If they hope to sell them years down the line it’s a risky investment.
Sure, big corporations do cartel and stuff, but You can't sit on a house for infinity, and hope that a fool will buy it from you at an inflated price. It costs money to maintain it, and it is also a financial loss, if you keep your money in depreciating assets.
To Jessicas point on inflation was high in many other countries the past 4 years also, isnt there a correlation?
In the 70s & 80s I remember economists say when the USA economy catches a cold the entire world economy gets the flu or something like that
I don't know, is that not still true today?
Where Kamala was the deci
ding vote.Thats the issue . How did your co host get this job .
Jessica needs help
Stop with the lying we heard what JD said so this is BS and fake.
Not every home is owned by a private investor not even a majority of the percent, and they are not fond of keeping the units empty, thats a gigantic loss in revenue.
She is only looking at this issue from a smaller lens. The problem is that its not a free market. If it was these investors would compete with new homes being built. Can Robby please do a bit more research before talking about these issues with Jessica.
Yeah, she is more proposing a thing that would / could cause a problem under a certain scenario as opposed to reality.
I can't listen to her anymore
Does she know she's spouting communist economics or is she really that clueless?
Jessica had some really good points for how these corporations work. I think she’s right. And that should get fixed. Robbie is right too. Supply would certainly help. However if the people providing the supply are the same corp., then nothing changes.
JD Vance is really bad for the Trump campaign. He has no charisma or the communication skills to deliver a compelling vision for the future. Vivek with his brilliant communication would have helped Trump. JD is problablt a ni e guy but he shpuld stop giving Biden/ Harris so muc publicity. JD you are SO BORING. Resign and Reps need to chooce a better more compelling VP
Robbie is dense 🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡🤡
Miss Burbank is incredibly lame
Jess how many teacher pensions are invested in those same hedge funds
He'd know, Trump was epsteins buddy.
That chick needs to wake up and speak like an adult
While there is some truth peppered in Jessica's seeming soliloquy (despite being recorded in a studio), it sure is difficult and frustrating to listen to her speak about anything economic. If I wanted to hear from Karl Marx, I'd grab a book...
Robbie can't understand what she's saying so he flails to create an argument but he's just less informed