Overpriced, Overwhelmed, Over It! Ep. 1 'Cash Is King'
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- Опубликовано: 23 май 2022
- www.nbcbayarea.com/overpriced
A New Streaming Series on the Golden State's Housing Crisis.
The Bay Area’s and California’s housing crisis is crazy. Shacks are selling for millions. Investors are paying all cash for homes that could go to family buyers. And generations of communities are getting priced out. Through a series of steaming reports, NBC Bay Area’s Investigative Unit reveals its year-long investigation into The Golden State’s overpriced housing market that is leaving so many Californians overwhelmed and over it.
Episode 1 'Cash Is King': Investors & Our Housing Crisis.
Are real estate investors to blame for the housing crisis? While many investors say they add value to neighborhoods, neighbors, and tenants impacted by the developments say they expedite gentrification. The Investigative Unit uncovers a growing members-only club consisting of investors with exclusive access to below-market housing listings the average homebuyer can’t easily see.
Learn more about this series at: www.nbcbayarea.com/overpriced
Do you have a housing story or issue you’d like us to investigate next? Email theunit@nbcbayarea.com.
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I own a few properties in Iowa and one in Pensacola FL. Never raised rent on a tenant or charged for application fees or late fees. Always gave the full deposit back. I try to not stress people financially especially if they are college students or have kids. In return the leave my property in better shape than I gave it to them. I could have made a few thousands more squeezing every penny out of them, but the sense of reward I get by treating them like humans is priceless to me.
And you Sir, are of the only 1% of the types of LL and investors in this country. Your a rare find!
@@usaisnojoke and lucky. I rented to a family , when they moved in the house was perfect, new flooring, appliancces etc. no rent raise in 8 years. last year before evicted a daughter had her violent boyfriend move in and destroyed the house. 40,000k damage 3 months to repair. no more mr nice guy. raise rent every year 5% plus cpi. it will take years to make up for the loss. like they say no good deed ever goes unpunished.
I did the same thing as you did, never even raised the rent for 7 years....what i get in return.?? they are now 7 months behind with rent....so....!!!
@@bogdan78pop when will we learn? I like the saying : no good deed goes unpunished!
@@bogdan78pop Same with me. I haven’t raise rents on tenants and the girl move and her boyfriend don’t pay rent and the moratorium stuck me with $14,000 in back rent with no recourse. These people don’t understand states like New Jersey the policies in Taxes is driving rents up but they blame landlords. Now these corporate companies are buying the multi family homes in the area and let’s see what happens then.
At least the investor did the interview . He stood on all ten .
In other words, he stood on all tens bent over waiting to take it in the butt!
Tenants don’t have rights to anything! If you don’t like it, buy your own home. That’s like asking someone to borrow their car and turn around and say I need to keep this car now because I can’t get around without it… what kind of psycho would think that’s ok? 🤦🏻♂️
Home owners don’t have as many rights as you think either
@@rissaheads6091 no one asked?
Liberals
If people did research you'd realize that regulations are the reason prices are so high.
That's something we investigate in the next two episodes - in regards to small landlords and building new housing. Ep 2 drops tomorrow (Wednesday) and Ep 3 drops the following day. Interested in hearing your thoughts on those episodes.
@@CandiceNguyenTV me too. I'm just hoping this encompasses all aspects of why housing is so costly and doesn't blame greedy owners as the sole problem.
Greedy landlords is the sole problems but it is one of the problem to the high housing cost. Just like not all investments banks are bad but Wall Street was always to be blamed. I am not saying Wall Street is the hero but when money is cheap it creates all kind of speculations. My previous landlord Jack up my rent 7% every 6 months and recent sold the property to a family owned property investment company for $4mil plus. It is a 8 units all one bedrooms my rent is now $2420/month after the renovation is done I m not sure how much it will go up. The property is in San Carlos.
@@CandiceNguyenTV Fair enough but some may not want to see high rises in single family home neighborhoods.
@@dkh4487 Sold for 4 million. Yikes your rent is going way up . Moratorium scared a lot of landlords to sell now you are stuck paying for the moratorium. You are going to miss that old landlord.
Reality check. If you don't have cash then you aren't buying. If I have 12+ offers with 10 of them for ALL CASH then I am not going to be wasting my time with someone that needs a mortgage.
Renters act as if they own the property. They just borrow for a term. They do not own it
How can you be upset that a guy is buying dilapidated homes and renovating them? That increases the value of the neighborhood and it does decrease crimes as it improves the quality of ownership.
It’s true.
I have to agree. I am seeing that with many California cities that investors are fixing up home the the neighborhoods that once were dumps are now hot areas the people want to move to.... I am all for him doing this. Apologize for many that are left but that is life. I have learned many hard lessons in that manner.
@@bernsfindsandmore7636 you see it out east as well. The property or even whole area will be basically abandoned for years. Then someone buys the whole area to make apartments and mixed use buildings and the locals who are used to crime and poverty start screaming gentrification! That’s not gentrification. That’s fixing up and using once unusable land. Doesn’t make sense to me.
He's increasing his pockets. He's not doing volunteer work!
Reduce crime? Hahaha… San Francisco is filled with crime and homeless people. He hasn’t done nothing to better the neighborhood other than drive up prices.
Move away from the coasts and housing prices drop dramatically
Yuppp. That's what I did
Those entitled old geezers living there paying a subsidized rate for decades need to be kicked out. They're acting as if they own the property themselves. Everyone else is busting their ass to make it in the city, why are they entitled to their rate from decades ago?
The problem is San Francisco is anti-development with their overly strict laws. Have to get permission to do anything, hard to get permits, zoning issues, height restrictions! If they allow SF to be denser this housing problem would be solved pronto
That's the problem with rent control
Victim mentality shoulda bought something ages ago when properties were CHEAP. Omg 😵💫
You have a valid point sir
They are living on social security you are soulless
You all are to young to realize the San Fran area is one of many areas that highly encouraged socialistic style renting and they are still doing so. It's hard to take something away when it was so highly encouraged for decades!
It’s the owner’s right to do whatever they want with their property.
Exactly
It’s insane that this needs to be said.
I guess it becomes a problem when the wealthy property owners no longer have enough people to do the jobs they don't want to do - make their coffee, clean their homes, tend their gardens.
@@mittens4kittens435 well if they sell up their investment properties to developers, where will the Cafe/restaurant workers retail store workers, cleaners, etc live? No one will commute over 20 miles to earn $10-$12 per hour, travelling 1hr or more each way for work. Unless the rich eant to pay $8 for coffee, $20 for lunch and so on..You see how inflation works now?
Ahhh shut up with that. Y’all just greedy as hell. FOH! Lol
It costs about 100K to construct a small house. For 1 Trillion, at least 10 million homes can be constructed to house over 40 million people. This will solve the homelessness problem, save all the section 8 money, make owning more affordable, and stimulate the economy: if you don't have to pay rent you will have extra money to spend on other things.
The government can sell those homes to people interest free over a 10 year period (at about $900/month). However, this probably won't happen.
Message for young people. If you aren't in tech then economically you don't belong in the SF Bay Area.
Get some good job skills and a job then MOVE out of the bay area and BUY a single family home in another part of the country.
You don't want to end up 70 years old renting a studio apartment. Far better to have an all paid off single family home by the time you are 40.
Where is this place people in their 40s have a paid off mortgage? Lol doesn't exist is the answer.
@@Campzzyzx It exists because I know people in their 30s (mind you not in their 40s) having paid off houses in rural Indiana and Illinois. They work remotely and started small businesses.
The infrastructure is there as well being water and utilities so it isn't out in the middle of nowhere. Talk about $100K for a nice house. Actually they got the houses for about $40K and either built a brand new one or fixed the one up. Either way total cost $100K. Let's say that it was $120K to $150K
Easy to pay off in a couple of years when you are making $60K to $80K.
You asked. So I gave you an answer.
Great advice 👍
@@Campzzyzx Saved and 🤚purchased a cheap but great foreclosure at 21 in 2013. I’m mortgage and rent free. It’s possible...prioritize.
@@greenearthblueskies8556 yeah great advice. Get in a time machine go back to 2013 buy a foreclosure in rural Indiana instead of the Bay Area. Let's not mention Stagflation historically high interest rates 2 years of crippling debt from maxing out credit cards during C19 an eviction moratorium that will collapse small landlords removing affordable housing from the market but sure good advice. You guys obviously are not in Real Estate or Economics. Keep telling those youngsters your war stories
Investors are buying at the top...it's a bubble. And it will pop
Younger generation, learn a trade. It is worth much more than a liberal arts education.
Depends what trade
I am going to take a LOT of flack for saying the following.
I know someone who is a great teacher with 3 kids. I tell him that he needs to MOVE to a part of the country that will give him the opportunity to buy a house. This teacher doesn't need to look for work and has multiple offers outside of the SF Bay Area.
Now, If he can come up with a rational such that his particular job offers him better career opportunities over the long run then that is one thing but the teacher is NOT in tech with other parts of the country having better long range career prospects. (That is his assessment and not mine.)
I told him that he was a complete IDIOT to hang around in the Bay Area. Now using the word IDIOT sounds harsh and it is but when a teacher only makes $60K in the SF Bay Area and he has offers greater than that in the Midwest for $70K a year. It is called MOVING.
As I pointed out, You aren't single anymore. You got 3 kids to support and living in a 2BR apt. isn't fair to the kids when you can buy a 4 BR house somewhere else.
Easy for you to say, my dad lives in Montana and as beautiful and affordable it is, it still sucks! Not to mention jobs for the most part suck too. I mean the amount of activities you can do in San Francisco are endless. It wouldn't be fair to the kids if all their friends are here, go to place less diverse, especially if they love San Francisco. The Midwest might be ok but it sucks a fat one compared to the West coast.
Easier said than done.
@@Deebo277 What really wouldn’t be fair...is to end up homeless , while trying to live ABOVE your means. Kids adapt 🙄
It's really funny to watch you try and logic through this person's decision to live in the place that they want to live. LMAO. Do they ask you why you want to live in a boring ass suburb in the middle of nowhere for the sake of owning a giant house you don't need? No....they don't. They respect your decision to live where you like living and where you feel the most comfortable.
I can relate to your school teacher friend and hope I don't have to spend the rest of my life in a boring ass suburb.
I'm the kind person that doesn't care if I have a gigantic living space. I really only ever use two rooms; the kitchen and the bedroom. I guess having a living room is nice, but I don't really spend a lot of time lounging and sitting on my ass. I like to be out and about and moving around constantly. Unfortunately, the suburbs is the opposite. It's extremely difficult to find any time to move around at all during the day. You have to drive yourself to the gym....for christ's sake...
I am happy to live in a shoebox providing that I am in an interesting area, which happens to be Boston. That's because I am an extroverted person. I need to have the freedom to walk around to many different restaurants, stores, neighborhoods, etc...I don't care how much it costs or how much I have to sacrifice to achieve this. It's worth it to me in the long run because my personal well being and happiness are being taken care of. If my partner doesn't like it, then they can go find someone more compatible. If my kids don't like living in the city in an apartment/condo, then they can move to the suburbs when they grow up. That's totally fine, I will not judge others for doing what they want to do. In fact, I want them to be happy.
I also need access to public transit as I have a seizure disorder and cannot drive. I will be honest with you though, if I could still drive, I wouldn't do it. It's the most miserable, soul sucking experience ever from what I recall. Siting in gridlock traffic, driving through strip mall parking lots (even just walking through them)=soul sucking misery. No thank you.
You can take your drive in fast food restaurants, your strip malls, your boring ass suburban neighborhoods with constant lawn mowing sounds and dogs barking/shitting everywhere and do what you like with them.
Because that's what freedom of choice is.
@@Deebo277 Your Dad likely provided you with a family home versus someone in the SF Bay area providing his son with a room in a 1BR apartment.
Sounds like an easy choice to me.
If you can't afford to live here then move.
I think it is absolutely outrageous that the owners of these properties that they rightfully purchased have to PAY tenants to leave. How is that law even constitutional? Sorry when you're a residential tenant, you get usually a 1 year fixed term lease. THAT is the contract. 1 year period. These tenants are delusiousal to think they automatically get a lifetime lease on a property they are renting. If these tenants want more security and long term housing, they need to buy their own property. Renting is meant to be a temporary thing in your 20s until you save up enough to buy.
Your solution is just throw people on the street? Lol wake the phuck up dude
You realize you NEED other people for your investments to succeed correct? So worried about money you dont realize how duumb you sound.
That’s what rent control does. It adds to the shortage of available units because tenants never leave to make way for new tenant starting out in life and now that prices out the new tenants.
Renting isn't supposed to be a temporary thing for your 20's. That's the stupidest comment I've seen under this video. There's no law that says once you turn 30 you must purchase a home. Besides there is no such thing as truly owning a home anyway due to property taxes and mortgages, so we're always renting until we die.
Idiotic comment.
Even Henry Ford didn't like landlords and speculators and often saw them as scum.
Your side of the story, kick out the poor! Make money for yourself period. Flip it to get a higher profit. While others struggle to find housing.......GREED
The tenants think that they are entitled to live in a below-market price rentals also...... GREED
@@Al_D they should have been saving, saving ,saving and buy now have a wheelbarrow full of money so they could buy elsewhere,
The guy you're interviewing is small time middle man. He is not the problem. Corporations are the problem.
The tenants need to move to the Midwest if they want a cheap place to live
No jobs in the midwest and all of the cities are dying. That's why it's so cheap.
@@Guomond1 sadly, yes, true for some parts of the MidWest. Plus, paying $30-40,000 to relocate and making less money overall.
@@Guomond1 get in medical field, learn a skill that is needed. if unskilled you could move anywhere and get a job washing dishes and get affordable rent. Check out Youngstown, Ohio,
We don't have a housing crises in America. We have people that complain that they can't afford to buy in the most expensive part of the United States.
I have a solution to that. It's called MOVING.
We don't have a homeless problem either. If you think that we have a homeless problem then YOU need to visit a third world country to get a real idea of what poverty is really like. Sure we have people that are homeless but at least in America you don't starve.
That’s not a solution
@@babyzorilla Sure it is. It's called MOVING to a place you can afford.
@@hoapres Yeah are the jobs going to be there too?
@@babyzorilla It's called REMOTE work. Otherwise make your money here and then keep your costs down to a bare minimum and in a couple of years you will be able to buy a house for ALL CASH somewhere else.
So then everybody moves there and the prices go up there
There are numerous stories about tenents take the advantages of eviction moratorium and don't pay rent for more than a year. I think the government/regulation is a major factor. They restrict the zoning and let landloards take part of its responsibility.
I agree. The landlords get blamed, but if they would actually build enough housing, the landlords wouldn't be able to charge what they do.
Landlords have to absorb deadbeat tenet's rising cost of taxes maintenance those things aren't free to the landlord
You can always move to another state=🤷🤷🤷
It's called owning the American dream. Oops this is the SF Bay Area. It's called renting the SF Bay Area dream.
My neighbor visited SF and their rental car was broken into 3 times in 2 days! The hotel clerk told them to leave the car unlocked and the back hatch up to avoid further vandalism. 😂😂
Your production quality is fantastic!! Great job on this series. You should be promoting and updating these videos, NBC. Cost of living is probably the biggest worry of just about everyone living in California. Great job on these videos, and thank you for creating them!
To me it’s hard to want to do business in that state it’s easier to invest in landlord friendly states
California needs to build more housing. Period. It has underbuilt for 40 years now. The people with the political clout want to keep it that way.
Really good series. well done. In depth reporting on a very important issue
the gentrification part 😆😆🤣
Candace is amazing! Great journalism.
Thank you. I worked with a wonderful producer, Kevin Nious.
This is a great content! Very recommended channel.
Thank you! We hope as many eyes as possible watch this series!
House flippers only make money if they sell the house in way better condition then they found it in for someone else to live. This isnt a bad thing.
You send a army of fix and flippers into the slums and after some time that neighborhood will make a list of americas best neighborhoods to live in.
You can tell he is big boss man with the Air Pods on during an interview.
*ALWAYS BE CLOSING*
This is happening all over the US 🧐
It’s unique to California and had always been strange to me that these ppl rented for 30 years (AND IT WAS SUBSIDIZED) and think they have a right to the area and unit, really weird, no one gave them the memo that they needed to grow up and think for the future.
it is called liberal entitlement.
So rent control is the exact reason this IS a problem. Not the answer to the problem.
Make sure you watch Ep 2. We touch on that.
"Three days a week, I sweep..." And that justifies a $1500 rent reduction?
Where do I sign up?
Rent control is the source of all problems. Unlike residents owners who enjoy the protection of proposition 13, commercial owners, i.e. investors do not. So as property value goes up, taxes go up, other effected costs go up, but landlord cannot raise revenue. That's why an owner of s small apartment building would gladly get rid of it, cause he/she loses money and consequently cannot make any improvement. Cash investors cease on the opportunity and get the property at a discount. If you can no longer afford where you live, move to where you can. No one ever promised you, that you'll forever have the right to live in a prime area for rent equivalent to the 1980s!!
It's too late, the damage is done.
The best way for people who can’t afford the Bay Area is to move to somewhere else. Doesn’t it make sense?
Ideally, it does. But it actually costs about 10-15,000 to relocate somewhere. Not everyone has that cash ready.
The best way to riches is by buying a home.
nope
great one. the one about taxing foreign investments should be done in the city. why should there be such a big international profit while theres people living on the streets and others who would like to buy that actually live in the area.
So what are these websites that investors are looking at and can a regular non-realtor sign up? Cuz I'm having no luck with zillow and red fin and I really need to buy a home and have a low budget. I don't mind a fixer upper or out really rural.
Leave CA. Move elsewhere in the US
To be honest, if someone purchases a property; it's their property. That doesn't mean the tenant has a right to live there beyond their lease. If you don't want to pay high rent move out of California OR find an alternative solution: purchase a home, get a van...but you are not entitled to live there forever. I used to have a home here and I sold it. I rent but I refuse to pay how high it is, and I refuse to pay high rent EVER again in this damn State. So, I'm purchasing a van and converting it. So, if you don't like something, find something else.
It's called supply and demand. Don't spin it into something else. If you see the bus coming and you don't want to get hit by it get out of the way! People are still stubborn. So entitled. Time for people to get a reality check personally! Yes San Francisco and California probably do suck. But you have chosen them to live in and have done nothing to change it for the better!
It's not supply and demand when companies like Blackrock artificially cause demand and inflate prices by buying up all of the available housing.
Is that what’s it called. Thanks for clarifying that for all of us
@@PM_2066 You're welcome. I speak from experience because I had to recently do that myself. Best decision of my life.
there can be a combination of the two sides. the guy remodelling the house can do it at an affordable rate and the tenents can get help with the loan from the city to buy it. the money they used on rent is now paying the mortgage for them.
They are too greedy.
How much is the rent control? How much was the property bought for? Numbers would be nice.
The greedy house flipper couldn't take his airpods off for the interview?
$3k a room .....😐
In his delusional dreams with the massive layoffs
Does anyone know the investor website she was using???
So this is where California's homeless problem comes from.
Can someone please tell me how to reach the producer of this series? I want to knownhow to sign up for the housing list she talks about. As a bay area born and raised native. Someone who has rented and paid taxes here for almost 54 years.. as someone married to a military and now disabled veteran (he served 18 years and is know 67 years old and suffered a massive stroke 13 years ago and is truly disabled) and we as a family together have almost 26 years of absolute perfect credit and rental history) how the hell can we not even afford to live in the counties we pay so much for? How are we still worried about next month and not having a home? Where is the justice?
How is this OK? This is supposed to be the greatest country in the world and I can't even buy a home to leave our kids.
He could give a fk about contributing to the crisis lol
Of course fixer uppers need CASH. Why? They need to be fixed up which takes CASH. If you need a mortgage then you probably don't have extra cash to fix up the house.
Real estate investors are not a bad thing if they fix up a house. Better that than to have a beat up house as your neighbor.
I admire Martinez's hustle. Whiners should take a page out of his book.
Wtf is that the richer you are the less you pay. That leaves no hope for working Americans, I keep losing my battle against cash owners.
Private/foreign investors and developers are ruining the market. That’s why rents are so high. Americans are out priced and cannot afford modest single family homes
Depends where in US
I rent out 1st floor in my house for $800. Includes utilities. I helped our alot of people who needed cheap housing.
Housing has always been used to segregate… but when it hits those that used to be the main supporters of segregation now they want something done?
Flippers are ruining historical homes with no charm left interior wise, changing windows, doors, hardware etc. i am looking to buy but when I see the inside I pass with the modern shit.
This is all about to change. Prices will be dropping this year. The bubble will burst.
I don't see it in the SF Bay Area.
No dropping prices in the Bay Area. People pay cash here, so “high interest” rates mean nothing..
😂 Iowa, Nebraska, maybe even Fresno sure they’ll see a drop in pricing.
They buy the house at a discount because its usually a huge junk heap that a "normal" person can't buy with regular financing bc of the condition, it would be deemed unfinanceable. This investigative piece is really lame bc it's not the fault of people buying a junker from someone that "chooses" to sell it to them. What are you proposing that an owner can't sell and a buyer can't buy? So ridiculous.
@Robertson King I’m doing great today!!! Worked hard, had fun 🤩 and staying in tonight to work on some projects!!! Bed early an maybe a lil Netflix :)
Entire area better then walk around a block to see a cracked out homeless person dead... Area Better
If you want to buy your own home and put your money down, I would say god bless. But if you want to restrict what others can do with their property while not taking on any of the costs or obligations of ownership, then what you are saying is I want the perks of ownership but not the burdens.
shame on the entitles renters, you rent the space you did not buy it. price and property tax values rise every year causing the rents to go up as well.
these renters are paying below market value for years and play victim when the owner/new owners start charging market rent. To all the abusive renters that say "it is our home" go buy one and see what it takes to be a owner
The Berkeley state senator's law, did it work? No.
The senator needs to undo it.
Amen. It is a poor written bill, she should pay a visit to the neighborhood of these people her bill helped.. She will be amazed how her bill implanted such unvetted household can screwed up and devalued a neighborhood in such big way and in such a short time. Guarantee Nancy would not be happy to be in the same hood with them. People should be vetted first before throwing taxpayers $$ at them. If it’s not fixed, this bill will comes back and bites her.
welcome to Bidenomics !
Those investors are leaving the market now which will create a lot of inventory and thusprices wull go down. They are leaving because interest rates have gone up and we are at the top of a the market
Disgusting
What's disgusting?
@@middleguy1776 they have their own network to purchase before the public gets a chance
@@hou5eheadjason yes those are called credited investors and to be one you have to have well over a million dollars in capital to become one. And the reason is they have the guaranteed money needed without financing or loans.
1:07 Is he wearing apple airpods for a face to face interview?
Let's assume that an investor buys a house for $2M. That doesn't mean the house is going to be vacant. Someone at some point most likely a renter is going to be living in it.
It’s not secret. It is common business practice. Wholesaler would advertise/market to look for home owner who want to sale without remodeling “as it”. Then, investor would offer to buy those home and pay a feed for the wholesaler. Not saying it is good practice, but they do put effort, take risks, and money into the process.
The love of money is the root of all evil.
So sad that at their age didn’t they ever think in buying a house 😳Instead of renting.
Why should they, when they can stay in a rent control unit. Worst case scenario, they get a few 100k to move out. Ironically, they call the owners greedy.
"Our building was sold, to a group of speculators" LOL, is that a bad thing? Sounds like why this country is the greatest country on earth. What is the answer? No investment properties? This is so ridiculous it's beyond the pale.
Everything is better in moderation
FHA isn't going to lend on a fixer-upper anyways so its not like low income are being kept out of those homes
Blame the speculators instead of the banks. Classic nonsense.
NEES: When you looking for your next project, what do you look for?
Contractor: Migrants, CHEAP LABOR, better returns for my INVESTORS!!!!!!!!!!
Investors and landlord are surely pestering me about buying my house and it is not for sale they are calling texting emailing letters in the mail wanting to make me a cash offer since I have payed off my mortgage in 2019 I have found a bunch of money money to save
Ugh what a tragedy in that Victorian SF home. That developer has terrible taste
Completely agree. He ruined it
Did these people just say they’re being gentrified???? I’m from Harlem. They look like the perpetrators
Disgusting... Greedy individuals.
2:03 $2000 to $3000. A room.
#NoMoreOwners. Housing shouldn't be an investment. #NoMoreProfit
with the way the gov backs tenants rights, all landlords need to raise rent 5% plus cpi EVERY YEAR, to make up for future possible government mandates like the current (California ) eviction moratorium
Cash is trash. If your in cash your losing big time.
I would not live in San Francisco unless I was making over 10K dollars a month.
Think higher
$120k and under in the Bay js technically under poverty line. Need a lot lot lot more than that to be in SF specifically.
Move to another state...
Is anybody complaining about prices of fast food going up or other commodity?
Yes everyone is complaining about food, Gas, utilities, & medical going up
"MONEY IS KING!" 😢
Those renters can go find another job and stop creating barriers to humans looking to rent a home
This is America. If you want to restrict property rights then go to a country like Cuba or North Korea. We all know how well that works.
I don’t agree with investors buying up all the properties but I don’t see how it is constitutional to stop anyone from buying foreclosed properties. I think this is just someone pretending to fix problems without looking at the underlying issues (lack of supply)
It's Profiteering to taking advantage of unusual or exceptional circumstances to make excessive profits.
0:20 that is such a cheap 'gotcha' question. Please act more professional, Candace.
With that level of logic, you should go demonize Lowe's, Ace, Kelly Moore, and other outfits for being in the business of improving the quality and attractiveness of homes.
She’s creating drama so we keep watching the video. 😆
Awards!
Everything is just content for these “reporters” They don’t help at all
what a dumb documentary. people complain about investors fixing up property are the same ones who are to lazy to fix them up
Yes - let’s make it harder for Latinos and other POC’s from being investors and owners of property even though we continually champion them to do so 🤦🏻♀️. But I guess it’s only ok if they do it and don’t make a career of it or become a dreaded “property owner” . A large portion of property owners in CA are POC’s, leave them alone and allow them to do what everyone else has to build generational wealth.