Investment firms are buying a substantial amount of U.S. starter homes
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- Опубликовано: 20 сен 2024
- Investment firms, like Tricon Residential, are quietly buying a substantial number of homes for sale in high-migration areas of the U.S. These firms are receiving financing from big Wall Street banks and are most active in the Sun Belt. cbsn.ws/3N4q3ml
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There needs to be a law against this. Single family homes should be bought and owned by just that… families.
Exactly. Contact the people who you voted for and tell them to do something about it.
They're just going to keep buying.. they don't care.. as long as their pockets are getting filled. They're greedy.. money corrupts. Even if they don't want to admit it.
Exactly!
Why, this is a business I'm in this business and im not a multi millioner, is realty is being in our culture for thousands of years
Exactly, this guy makes the argument that people don’t want to own homes. No, we can’t afford to buy homes because of stagnating wages, unchecked crazy increases in rent prices, and companies like this buying up all the affordable housing to rent for a profit.
This thievery should be illegal. People can’t afford to live anymore.
We need to address these schemes federally. It needs to be made illegal. This is massive reason first time homebuyers like my peers are being out bid by $100k for what are already $550k “starter” homes.
You’re so right! I’m seeing here by the lack of comments that people really don’t care…
Why not just build more houses?
@@lmay1466 They buy all the homes in good school districts, near urban centers, where people need to live. They aren't buying homes in rural Nebraska. So they aren't buying all the homes, just all of the most important homes.
Stay away from crypto! The economy is collapsing, and it won't be any good.
Exactly
He seems so proud in what he is doing. Wow.
No conscience. Justifying what he does actually saying he is helping people. Total self-serving greed.
He is making a living.
He is just a crook, with no conscience!
@@schawnettarobinson8584 no he is not
Why wouldn't he be proud though.?? He is doing nothing illegal or immoral. No matter how unfair we think his company is, I don't blame him for what's happening or for how he chooses to make a living. He didn't design the system, he is just taking advantage of it and reaping the benefits.
May not be illegal, but it’s damn sure immoral.
Immoral is the American New Normal.
It should be illegal.
Corporate Fascist
Greed is good
@@12time12 I wrote to my Senators and Congressmen to make this illegal. This was five years ago. Haven't gotten a reply.
Disgusting. Should be illegal. What are elected officials doing about this?! Most likely getting kickbacks. Ugh!
Yes, Hunter Biden has gotten very rich off of you....Now, work harder...
Yep, they have taken over my charlotte nc neighborhood. I stopped counting when they hit over 30+ corporate rentals. They pick the no HOA community so they have no rules. 18 wheelers, no yard upkeep, no pride in the neighborhood.
If you want this to change then vote for people that will change it! And convince others that this matters. The general population as a whole doesn't give AF or they'd be doing something about it. Sorry the world doesn't cater to the wants and needs of a small group of people - first time home buyers
@@paulbrungardt9823 Why don’t you tell me where Trump’s charity money went to again? Why was it being investigated again??? Hmmmmmm….. also, Hunter isn’t the president
@@CyFi6 it's also about doing what's right
This is why house prices have SKYROCKETED, and there is no available units left. These people are disgusting.
#RFKJr2024 is the only candidate with a plan for this........
@RiotBot well I like your enthusiasm. But VOTING may be a better more peaceful route. Ppl need to get engaged in electoral process. Vote for ppl who pledge to take on big investment firms, ban them from single family homes market
People like him are the reason why a lot of people can't become homeowners.
These hedgefunds are the reason there are high prices. They want Americans to rent forever. It’s not good buddy.
All institutional investors combined own only about 400k single family homes. There are over $128 million single family homes in the US. They don’t even own .03% of the single family homes. They are not stopping people from buying homes. They actually will not pay as much as a homeowner will, but they do pay cash.
@@jesse_- Not sure where you’re pulling your numbers but my numbers are from Redfin. It’s 18.2 percent of the real estate market.
@@KylerTony45 That's real estate market (all properties including commercial properties, apartment complexes, etc.), not single family homes.
@@brocklanders6969 Do more research. I think you’ll be shocked
This ought to be banned or drastically limited! Corporations have no right to steal the American dream from ordinary Americans!! Regulate and tax heavily these pirates!!
BAN THE PRACTICE.
The american dream and freeodm is for those with means to exploit the working class in any way possible. This nation was founded by snd for rich parasites
@@divisionoflabor3070 don't be surprised if many politicians on both sides have interests tied to these investment companies.
What do you think the outcome of increasing thier taxes will be? They will pass the expense onto their consumers which in turn will perpetuate the "problem"
It's a business.
Don't hate the player, hate the game or learn to play.
I'm not supporting this activity, just understand that there were once all these homes available for sale; ie, available inventory. Meaning, people couldn't afford to buy so it's inventory just sitting there. What happens when inventory just "sits on the shelf"?
They saw an opportunity and took it. The banks don't want to own these homes, so they sold them off.
Other than implementing a tax increase, what other solutions can you think of?
They will eventually face serious revenue strategies if no one can afford to live in their homes.
AND they are FOREIGN!
The problem is that the very same people that can pass laws against this are benefiting from it. Don’t hold your breath. I bet it gets way worse.
He says, “corporate landlords represent only 2% in the US.” For the ENTIRE US even counting the places no one wants to live in sure. BUT if just look at his “target cities” in the sun belt, corporate investor home ownership is probably closer to 40%!!
Good point. They're very slick at lying with statistics.
The point is that they are not responsible for the massive price appreciation seen in real estate over the span of the US. Their impact isn't big enough to drive the entire real estate market enough. A lot of people like to say they are why homes are so expensive
@@CyFi6 No one said they're the ONLY ones to blame for the current status of the US housing market. However, are they helping it? Not at all.
2% is still 6.59 million. That's a lot!!
Nearly two thirds of Americans already own their own homes which already makes that number impossible. Secondly, if they buy up housing and rent it instead, that increases the supply in the rental market. The reason that housing is expensive has nothing to do with these corporations. It has to do with the fact that for the past 50 years state and local governments have basically made it illegal to build more housing. When housing supply goes down relative to demand than the price goes up.
I'm a homeowner and I constantly get letters from people like this guy who want to buy my house and turn it into a rental property. These people won't be satisfied until they own every house in the world.
#RFKJr2024 is the only candidate with a plan for this........ Look it up
Then they'll build more and buy those too.
Since when has any capitalist been satisfied with the profits he's made? The world is not enough.
These guys are the reason it's so hard to buy a house right now also. The number is larger than 2%
It’s 2% of all houses, they are including all the areas that people are leaving. There are plenty of rural areas that houses are abandoned, due to lack of good jobs.
We must do something NOW. Let’s get United no matter what political party you are into. Let’s create something in every estate and ask our government.
@@reginadeandrade9718 Divide and conquer. The elite are great at this and these bootlicking Republicans and Democrats are easy prey. So easy to control.
Yeah, and I wonder what the number will be even 5 years from now
It's 1 out of 5 homes they own in many big cities. That's 20%. The WEF (that the US has joined itself to over the last 3 years) said it was going to be this way. No ownership except by corps. and gov. by the year 2030. It's on their website.
If you can't afford the American dream, He will rent you the American dream.
He’ll take it back if you don’t comply too🤬
"You Will Own Nothing and Be Happy" - Klaus Schwab
I bought my home from zillow
@@skylar6818 Did u get a good deal🤔
#RFKJr2024 is the only candidate with a plan for this........ Look it up
Tricon says only 2% of rental homes are owned by big companies like theirs. But, clearly, big companies own a MUCH higher percentage of available "starter" homes, which are in short supply already and which they deprive families of the opportunity to buy.
@@craigbonin3249 Yes. And considering how publicized the problem is, it seems fair to conclude that these companies know fully well that they are destroying the futures of young Americans--but they're doing it anyway. That's immoral and deeply destructive to the national interest, but ostensibly legal thanks to government's capitulation to big donors. And farmland availability is another emerging crisis but has received less attention.
26 year Tampa Realtor here. This guy is using nationwide numbers. Companies like his are going after specific counties in the sunbelt. A nationwide stat is meaningless and a Deception.
So you admit the problem is short supply? Let's fix that instead of getting mad at these guys
It doesn't matter, it's going to grow. Nip it in the bud and make it ILLEGAL!!!!!!!
@@CyFi6 why are you boot licking so much in the comments?
Corporate landlords give slum lords a whole new meaning!
This should be illegal.
Unfortunately it never will be as politicians have these companies as their donors.
@@jacobperez8921 Very True
There will be a physical conflict against the elites
International Investment firms such as these are pure evil!
Yep....
#RFKJr2024 is the only candidate with a plan for this........ Look it up
Trying to buy our first house, keep getting outbid by 100-200k! They're buying all-cash, while we get worried about what the mortgage rate is going to be.
its so depressing....
Keep trying! It's not going to get any easier sadly.
Which city are you in or trying to buy in?
“You will own nothing and you will be happy.” - World Economic Forum
But yet guys like him want to make that a reality in the name of the free market
There needs to be a law against this.
#RFKJr2024 is the only candidate with a plan for this........ Look it up
I believe that cities need to make it a requirement that if you are going to buy a home you, or someone related to you, has to live in it. Turning housing into an investment is just going to keep making the problem worse and worse in this country. Investors and investment firms just suck. So does AirBNB.
Do you realize what would happen to rent prices if you did that?
Small landlords are not the problem... we need more of them.
@@musictosoothe People want communities that aren't transitory. They want neighbors who are going to stay there and want to keep their own homes in good condition. When the investors move in, and too much of a community is converted to rental properties, it isn't a good thing for the community. Sure some landlords live close by and do care about the properties they buy. But many do not - both corporate and individual investors. The individual investors many times just want the rental income and will keep things up as little as possible. This might give you some insight into how people feel: ruclips.net/video/VinaKevZuQc/видео.html
In Finland you have to live in a property personally for 2 years before selling or you pay the 30% capital gains tax on any profit you make. This should be the norm everywhere and even stricter rules to stop companies like this. Accommodation like food is a basic human need and should be protected from opportunists like this guy and his company.
This is too restrictive but there's plenty of solutions in between that are reasonable, especially much better than what's being allowed right now.
She should have asked him: "Do you own your house or are you renting it?"
He will answer "mind your own business. I don't share my personal information."
Oh he is extremely smart!!! Im sure he owns in Toronto
He might be renting it!
Houses
Exactly!!!
Should be regulated. This is driving people out of home ownership, affordable rentals.
#RFKJr2024 is the only candidate with a plan for this........ Look it up
Yup - like my mom living in Phoenix. She used to not live pay check to pay check. Now she does as a renter
I was driving around yesterday and saw a sign with new construction that said "starting at $900k".... this is straight up foolishness. It was in a very rural area and none of the houses around it could be more than $300k in my estimation. I will never understand wanting something so bad you're willing to do everything to afford it. This is not a good thing happening here at all. Leave 'em empty
I decided to relocate to a small town in SC, 1 traffic light, everyone know you wherever you go. Love it, now all around me homes are going up. They talk about a housing shortage and I have to wonder where is the shortage. DOWNTOWN Nashville, TN apartments are going up like crazy. I have to ask where is the shortage or is it just a ruse and actually the price to rent or buy is not affordable. Check your area are they building?
Let the "Investors" buy those houses, at those prices, and see what happens to their "investment" when the market crashes, or comes down substantially.
@@starmc26 exactly! That's the other part.
DO NOT RENT single homes owned by these companies! Greedy investors like him have destroyed the housing market in California and everywhere else.. Hope one day this will be illegal and they will have to sell those same properties that many families couldn’t buy because of selfish people. Money rots the soul..
Money is a tool.
It is neither good nor evil; the conscience of the holder of the money demonstrates the power for good or evil.
Agreed, but I wanted to add that California destroyed itself long before this guy came along. Being vigilant and keeping watch before predators like this come along is critical. California being in disarray for as long as it has allowed this guy to come in and take advantage.
greed rots the soul!
#RFKJr2024 is the only candidate with a plan for this........ Look it up
I'm ashamed our representatives have not already created consumer protection laws surrounding these practices. This will heavily sway my vote in the future - our politicians need to act NOW.
Where do you think you live? Your representative couldn't gave a care less about what you think when it comes to their vote, their only concern is what their donors think.
This is capitalism...the government is owned by these worms
They work and get paid from them.
Right what have people in government been doing ? Sick
Gina. Lining their pockets with lobbying money.
This should absolutely be illegal. Their greed is singlehandedly driving up the housing/renting prices.
#RFKJr2024 is the only candidate with a plan for this........ Look it up
This guy is gross, and he thinks he’s doing good work. Agh. Build dense living complexes and give people an ability to live without cars. That’s what will solve so many economic, environmental and mental health issues.
So True!!
F that!
@@truthseeker4298 yes let’s live in unwalkable, alienated, and expensive communities forever!
Amen
AFFORDABLE LIVING COMPLEXES!!! Homes were meant for buyers and families.
This should be illegal
And it’s ruining the housing market and any chance younger generations have of actually being able to afford a home. It’s unacceptable.
#RFKJr2024 is the only candidate with a plan for this........ Look it up
The crazy thing is how much they control the real estate market. If the value of homes are going down and instead of allowing their investment to decline they will just continue to purchase more homes to keep the demand up.
So if the stock market starts going down and you start losing money, you just buy more of the stock to drive the price of your own investment up? That is the most ridiculous thing I've ever heard.
They buy 100k houses for 150k in CASH, so why wouldn’t they also buy 100k houses when they can get them for 80k? They are in it for the long run, not for what they can sell the house for next year.
@@CyFi6 That's called dollar cost averaging down. So if Apple or Google drop 40% during a market crash, you wouldn't sell (only if you're desperate to or panicking). But you're buying more of the stock on bargain prices as you would've if the stocks kept going up over time. You hold long, and you recoup your cost basis much sooner, and profit much faster.
Many people think that even if housing crashes, these companies will treat it the same way. A few toxic firms may go belly up, but many others will still be cash flowing these rentals (which they bought at basement interest rates), and will easily still continue buying more RE during a crash.
If prices go up, it's nice for them. If they go down? They'll just buy cheaper, adjust the rent, and continue collecting cash flow......other than staunch legislation, I don't see this being fixed now. It's become bigger than anyone thinks. Pensions are now tied to these companies, so even people that think they want to see them get hurt? May end up losing a ton of their retirement.
Brave man to show his face.
Brave company for advertising their name I was thinking about this this morning how they're making an American dream a mockery in the face of so much misery
Yea, it's just a mirage. He's not that guy...
Guillotines were always an effective prescription for issues like this.
The difference is they knew who to grab..
absolute vampires.
They have been a disaster in our neighborhood. Multiple cars totally block the sidewalk and keep people in wheelchairs, walking with canes or pushing a stroller from use of the public sidewalk. The driveway is covered in grease and four trashcans litter the yard. Multiple contact with the corporate office only ends in frustration! Do whatever your can to keep these people OUT! The rents are so high that the tenants are sub leasing rooms to others to pay the rent. They have no idea who is actually living in these properties! Call your Congressman NOW and demand legislation to stop this. I wish I could post a picture so you could see that the home once rented does NOT look like the before picture.
Because as a Renter, I don’t care about home
Create a block club..you can be president
And I bet you are the person that says you would never live in a HOA neighborhood. Changed your mind now huh?
Yep. This is going to backfire on them. These rentals are going to look like crap in a few years. People can’t pay rent and they will have no problem breaking leases. Also, they are no invested in the community so the upkeep is going to show. Not all renters, but some
Foreign & international investment firms can easily launder money for investors via real estate investments. This Canadian company, has immediate access to a lot of money to buy up thousands of homes in US.
and he will increase profits (read as rip off his customers further) 60% during a very hard time for the avererage person.
Seems criminal.
Yes the politicians write the laws that makes these manipulations of all of our systems legal. Then they all buy stocks and get kickbacks. The richer the rich get the higher cost of living, and the poorer working people get.
@@Barry101er seems,...
In a perfect world it would be.
About 40k people will own EVERYTHING from the sneakers and clothes u wear to the oil fields, utility poles , sewer systems , it took them about 40 years but they have systematically taken everything while the masses refinanced , partied and shopped. Grinding poverty ahead for the former middle class
#RFKJr2024 is the only candidate with a plan for this........ Look it up
These comment 💥
The house two doors down from me is owned by Tricon It's been sitting empty since they bought it because the price is way too much for our area, AZ
I hope they never rent it and end up selling.
This is impacting rental property as well. Had a friend wanting to move to Atlanta but couldn't find a place under $1700 for 1 bed and 2300 for 2 bedroom. The place they did find changed the rate during the application process to 2k for 1bd
In Anchorage it's 1750.00 to $2000+ for a two bedroom, insane.
Dude those are LA prices
in a sane society this would be ILLEGAL and punishably greatly
I watched and recorded the episode of 60 mins, they omitted the couple who said they would love to buy a home. Unfortunately, big corporations are buying up these homes and renting them out at astronomical prices. Tricon, at least 1 person in particular seem to think Millennials are not interested in owning a home.
The media is all owned by the CFR members. 60 minutes isn't going to say your side of the story, just a fabricated lie about your side of the story
Will, the NWO, oh I mean WEF, aka the great reset, aka build back better, says "by 2030, you will own nothing and be happy about it"! Which means they will own you, you and your family will have no wealth!!!!! No wealth equals no power, no say, nothing..............
Why isn’t she harder on him he is destroying affordable housing
Exactly I don’t get why she’s laughing and not asking why a single family home rental company saw a 67% increase in revenue during a pandemic in which many lost jobs and income? Why didn’t she ask the implications of the company practices on achieving the American Dream through home ownership?
The American people are being told “own nothing and you’ll be happy” but I’m watching a CEO who is clearly ECSTATIC about owning and buying more single family homes? 🤔
So many homes in my neighborhood were bought by companies and then a month later listed as “for lease”. It’s disgusting since you have to essentially have two incomes to afford anything.
Looked at a home listed for 235k. I felt it was overpriced but would probably go for 250k. Nope. An investor paid 290k in cash and it was listed for lease a day later.
@@supaman321123 Buying a property with cash is often a BIG, red flag. Money laundering the proceeds of crime, or from corrupt business entities, is channelled through property purchases in every single Western country. And, as many commenters note, a substantial percentage of those homes remain empty. Whether it's Russian owned mansions in London or Chinese owned penthouses in NYC - the same game plays out around the world. Realtors acquire great personal wealth by looking the other way, and not making robust inquiries or reporting their buyers. In many cases the realtors are found to be complicit - by helping foreign nationals to buy luxury properties through shelf companies. The government controls and investigations of suspicious property purchases are poorly funded - not enough feet on the ground to do their job effectively.
#RFKJr2024 is the only candidate with a plan for this........ Look it up
There should be legislation against this. Housing is fundamental.
#RFKJr2024 is the only candidate with a plan for this........ Look it up
Gross. I have so many friends with good paying jobs looking to buy their first homes, but can't because of guys and companies like this snatching up the market.
#RFKJr2024 is the only candidate with a plan for this........ Look it up
This dude gets out of bed, every morning and lies to himself.
Should change the title to “why you can’t afford a home anymore”
“You will own nothing and be happy” Klaus Schwab - founder and chairman of the World Economic Forum.
This is how it starts
Yup!
Just like the World Economic Forum says "By 2030 you'll own nothing & be happy!" Open your eyes people.
This is one of the reasons Homes cost so much money they're in it for the money only ,
not your living pleasure
First problem: allowing foreigners to buy up property.
Bigot
Horrible!
It’s not right those homes should be for Americans
I'm a landlord this is evil
Please lets stop homes being bought by businesses. I'm almost against a home being bought by someone who will never live in it.
#RFKJr2024 is the only candidate with a plan for this........ Look it up
American and foreign companies have been doing that in Ireland for years. Helping to drive up prices while there are less and less homes on the market
He must be out of his mind. He’s literally raising home prices across America. Now, middle class families or millennials, gen-x, or z… abc we cannot afford now to buy our first home and it’s sickening because all he is seeing is money that he’s making and not thinking of others. This is going to cause a lot of Americans to become homeless cause if home prices are rising rent is rising due to this also!
That’s there plan to throw everybody out in the street
How do you expect to build communities when families can't even compete in the house market ?
#RFKJr2024 is the only candidate with a plan for this........ Look it up
It’s a shame that we would allow a foreign corporation to do this in our own backyard. I’m a single mother trying to find an affordable home to purchase and don’t even make it past the initial offer when the affordable homes I qualify for are snapped up by a cash offer (presumably investors). What chance do normal mid-level salaried employees have these days?
U.S. corporations have been buying foreign properties and doing the exact same thing to other countries include Canada for a long time. If you want communism in your life, please move to North Korea for God's sake.
#RFKJr2024 is the only candidate with a plan for this........ Look it up
so nobody can own a house or leave anything to their children i really am disgusted with this mans lack of shame
This was one of the many issues Rome was dealing with towards the end. It is why so few can afford to have children...
The sad part is that home ownership might go away because of these companies
It will. Average home prices will likely be $3M in 30 years. Good luck paying 30k in property taxes a year to own your home. Global elitists want us to go back to the feudal age.
#RFKJr2024 is the only candidate with a plan for this........ Look it up
This is unethical and is the reason we have a housing shortage and why buying a house now is out of the reach of many Americans. They are price gouging and I am sure working under the table with other companies and banks to raise rental prices in every state they work in.
#RFKJr2024 is the only candidate with a plan for this........ Look it up
This is the same thing corporate is done GN in Minnesota. That why we can’t buy a single family homes. This should be illegal to Americans.
SMH. The family unit is literally being destroyed by every angle.
This is disgusting and ruining home ownership for the average citizen
owning a couple homes are fine but hundreds of homes? 800 a month?? NO. this is the leading cause of homelessness
The biggest problem is once a home is owned by an investment company, that home will never be put back on the market again.
These companies CEO should go to jail, what they are doing is decreasing the supply so the prices goes up and up which is basically artificially inflating the prices.
Canada just made a law against foreigners buying homes in Canada. America needs to follow.
i'll laugh when the market takes a turn. these greedy investment firms needs wiped out. Zillow did the same thing and loss money last year, and got out of it.
They'll dump all the homes at once and make money. The ones left holding the bag will be people that stretched their budget to compete on pricing but actually live and work in community.
Guess who picked up all the properties Zillow couldn’t flip.
Really criminal, keeping these homes out of the hands of families.
This is creating urban decay and destroying our schools. In Denver alone enrollment is down by 3000 year to year. Biggest problem is the single family homes are either out of reach for families to buy or rent. Or they are short term rentals.
Disgusting
There's NOT a housing shortage. There IS a housing hoarding problem.
One day in the future you too might be able to rent you very own home. Turning the suburbs into apartment style rentals by controlling the housing market in and around densely populated ares. Access to housing needs to be a constitutional right protected by government if guns are.
guns were probably made a constitutional right for this very scenario, actually.
@@Retrofire-47 ah yes, guns are the answer to our problems... maybe a little government regulation to avoid Americans having to subcribbe to a home like hulu?
@@jaymag9350 the corporations make the laws, dawg. have you not figured this out yet? there is zero evidence that the American population is represented anymore, and bountiful evidence they are not (ex. Gilens & Page).
anyway, i was not suggesting guns were an answer, just pointing out why the 2nd amendment was devised in the first place. guns are useless now. DoD are pouring money into autonomous drones, neurobiological weapons, smart dust, nanotechnology, an AR-15 might as well be a paperweight. but the intention was there, for it to protect us from this very situation.
@@jaymag9350 *_"A LITTLE GOVERNMENT REGULATION"_*
*_MAKES AS MUCH SENSE AS A DRUG ADDICT "INJECTING JUST A LITTLE BIT OF DRUGS"._*
Guns are not protected. Have you been to California or NY? Or NJ?
Amazing how I work 50+ hours a week, and have a part time, and still can't afford a home in my homeland according to lenders.
Greedy people are destroying economies, and everyone is just sitting back watching it happen.
this is where the large number of "cash" offers are coming from. 800 of them a week.
Owner occupancy laws would end the practice of foreign and corporate investors inflating the market for starter homes.
It makes me uncomfortable just watching this. My fiancé and I have worked so hard to get the jobs we have, and we can’t afford to live in Florida with our families. We’re looking at moving out of the state, or even out of the country, because we just can’t see this country’s government stepping in to protect its citizens. This country is suffering and its people are suffering. No one can live amongst this greed and thrive. I think it’s time to leave.
It’s happened all over not just Florida the whole United States and the Caribbean too
1:00 I remember 25 years ago thinking that the aging Boomers would flood the market with homes. Well, here we are and they’re just as greedy as ever. Competing with new homebuyers driving up rent and prices. Wow.
Here is hoping Gen X doesn't get S.S. so that a collapse happens and young folks can buy housing.
The government needs to stop this company. It’s ridiculous!
There goes your American dream bcuz it only happens when you’re asleep
Let's increase the tariffs on Canada on imports, there should be a law against this massive buying.
No wonder home prices and rent are going up so fast!
This is why rent is so damn high; home prices are far too expensive for the average person and people are struggling to survive because housing costs comes very close to or exceeds the average income. This needs to come to an end. DO NOT SELL TO INVESTORS
#RFKJr2024 is the only candidate with a plan for this........ Look it up
Tricon Residential: "Single-mindedly determined to keep the "American Dream" from ever becoming a reality (for Americans)"🥴
They should have to pay a high property tax on single family starter homes...America is being sold out
JUST WAIT UNTIL THE RENTERS CAN'T AFFORD TO RENT ANYMORE, AND START
MOVING IN RELATIVES OR, BEING LATE ON THE RENT. GOOD LUCK GETTING THEM OUT.
March on Washington needs to happen over this. Keep corporations out of our homes!
Seriously though, I think we should
“Ten thousand leasing inquiries a week”
Just one “inquiry” is charged a $45 application fee. Sometimes multiple inquiries at once. Do the math. Sickening.
There should be a law to ban Investment firms from purchasing starter homes because they are destroying middle and lower middle class families.
These investment firms will make it impossible to own...unbelievable
Sick world we live in... this is legal- but morally it’s wrong. People have lost all morals. How sad.
Build your homes, everyone. It's cheaper in most cases and it's yours. There's a wait, but it's worth it
I'll forever be thankful to you you've changed my whole life continue to preach about your name for the world to hear you've saved me from a huge financial debt with just little investment, thanks so much Mrs. Ashlyn Primm
I’m surprised you know her too. I’ve been making a lot of profits investing with her for a few months now.
Mrs Ashlyn changed my life because of the huge profts I got from invsting with her.
@Sam D. Hogan you can communicate with her on telegram with the user name below
"investwithAshlyn"💯
Greed is ruining this country. Laws should prevent these schemes.
First off, there needs to be more of a movement for tiny and shed houses. Cheap basic affordable housing for homeless and poor. Small single-family homes three bedroom two bath should have limits for rental.
Large corporations and real estate investment firms are raising the prices of rents and driving up the values.
Sick society
I’m glad on a smaller level that our local HOA has banned rental properties for nonresident and corporate entities. You don’t have to be the federal government to make a small difference.
Where do you live?
I will never sell my house to a corporate investor.
You bought for let us say $200,000 and they offer you $420,000 which is way way more than surrounding properties. What would you do? Resist the temptation or give-in?
This should not be permitted. Ban foreign acquisition of US real estate unless it is owner occupied. This is absolutely outrageous. There should also be significant restrictions on RE ownership by large leveraged companies.
Not gonna happen. U.S. corporations already owns many foreign real estates. This is free market not communist country smfh
while we are at it make buying laws that eliminate these leeches for single family homes. there is a place for rental and it is in higher density apartments. breaking up any landlord corperation that have anything near 50% market share in a single city as well, there is a reason our grand parents broke up monopolies and we seem to have forgotten this lesson.
#RFKJr2024 is the only candidate with a plan for this........ Look it up
Don’t forget Mr. Schwab said “you will own nothing and be happy” 🤷🏾
This is why I want to live in a more rural area. Hopefully buy an empty lot (doesn't need to be huge) and build my own small house... At this rate it might end up being cheaper in the long run than being forced to outbid corporations or pay extreme rents.
We moved from the city to a semi rural area about 4 years ago. There were some vacant lots around our house. Now all the lots had been sold, and new houses were built by investors. Looks like we are in a subdivision now, and the taxes just skyrocketed from last year. Our house is no match for the new surrounding houses but we are taxed the same.
Very hard to find a small piece of land here in rural Texas.