Say Goodbye To Affordable Housing

6 Pri 2021
127 086 Shikime

A new report has exposed how affordable low and middle-income housing has been destroyed by investors, not real people. Ryan Grim and Ana Kasparian discuss on The Young Turks. Watch LIVE weekdays 6-8 pm ET. alworld.infolive
Read more HERE: www.wsj.com/articles/if-you-sell-a-house-these-days-the-buyer-might-be-a-pension-fund-11617544801?st=u4f8vuwzkbt9ezk&reflink=article_copyURL_share
"A bidding war broke out this winter at a new subdivision north of Houston. But the prize this time was the entire subdivision, not just a single suburban house, illustrating the rise of big investors as a potent new force in the U.S. housing market."
Hosts: Ryan Grim, Ana Kasparian
Cast: Ryan Grim, Ana Kasparian
***
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210406__TA03_Evil_Plan

Komente
  • This is part of the plan to wipe out the middle class.

    arnibah vanstarnibah vanst28 minuta më parë
  • This is worse than anyone thinks it could be. I've been monitoring the entire state of GA for the last four years... and over the last year (speeding up rapidly this year in 2021)... almost every home under $100,00 is snapped up, put under contract w/i a few days, and closed/sold at ridiculous prices that don't reflect the actual value of those homes. It is outrageous. And every single home under $80,000 gets snapped up almost the day it posts online. They have converted ALL homes for low income folks into rental property, no matter how rural those homes are. There is no escaping this conspiratorial monopoly in the state of GA.

    AsSeenOnTV-CH7AsSeenOnTV-CH736 minuta më parë
  • Realtors, real estate agencies, lawyers & brokers are manipulating the market prices thru "shadow bidding" which increases their commissions in terms of dollars. When the market bubble blows they will walk away with bulging pockets & mortgage holders left holding the debt.

    George BelleroseGeorge Bellerose46 minuta më parë
  • The best way to launder dirty money, & wealthy individuals to buy out & rent out at high rates. Total greed !!

    George BelleroseGeorge Bellerose55 minuta më parë
  • Get rid of the Depreciation deduction for rental property and that will get alot of investors out of the market.

    Paul ConnerPaul ConnerOrë më parë
  • "it's kinda like the american dream that people are told about"🤣🤣🤣🤣

    lee garcialee garciaOrë më parë
  • Am I wrong to want the collapse to happen. I'm waiting and I hope it happens so I can buy. Also, I'm invested in cryptocurrency.

    Lynnette PLynnette P2 orë më parë
  • I took on a mortgage for my house 6 years ago in a new development right before this investor trend became hot, but I knew it had already started then because of how many homes I was shown in established neighborhoods that had been bought by investors to rent out, and were being rented out by the room. Since then, I've seen at least half the newly built houses here snapped up by investment companies and the houses being sold by former owner-occupants bought by individual investors. I sincerely agree that there should be laws about how many homes a single investor can own as rentals, and laws forcing investment companies to sell to owner-occupants after a short period. And I think there should be laws against absentee homeowners renting rooms out individually in SR neighborhoods. That trend will force owner-occupants to sell as well as discourage renting to families at reasonable prices. So, for this newish home-owner, the problems of renters are my problems as well. I want a quiet, stable, neighborhood where I know my neighbors want the same and corporations don't have votes in the HOA.

    letshavepieletshavepie2 orë më parë
  • To me anyone who even thinks about buying a house seems rich.

    natanulsirefnatanulsiref4 orë më parë
  • Been doing my due diligence all along and been priced out of the market repeatedly over the past decade. Finally gave up on the dream this past year as prices and demand had both risen dramatically and suddenly, just as I was about to make another attempt at it. I just don't get it. We were pushed to do this, and are now mocked for being unable to, albeit through no fault of our own. Do they think we don't see what they're doing? They clearly don't care about consequences, to us or to themselves. They don't even seem to see the big picture. After them, the deluge, I suppose. And so it goes, in these endless cycles...

    AerynAeryn4 orë më parë
  • Capitalism: A Love Story

    Jon WillJon Will4 orë më parë
  • Its all because of fed reserve market intervention to suppress mortgage rates. Government created "accomodative" policy = low risk investment in real estate

    Rahzel WashingtonRahzel Washington4 orë më parë
  • I remember reading articles in 2010 about the Fed and government basically trying to re-inflate the housing bubble and how it would end the same way.

    sjbrooksy45sjbrooksy455 orë më parë
  • "The Federal Reserve System is not Federal; it has no reserves, and is not even a system at all, but rather an international criminal syndicate."- Eustace Mullins. 💰

    Jeffrey ChengJeffrey Cheng5 orë më parë
  • Blackrock.

    Jeffrey ChengJeffrey Cheng5 orë më parë
  • Guillotine

    Wayne BradyWayne Brady6 orë më parë
  • Forgein companies and countries should be banned from owning property in the USA and investing corporations should be banned from owning single family homes. Otherwise it's never going the other way.

    Javier OrtizJavier Ortiz6 orë më parë
  • they are not even letting you rent the whole house, they break them into into studio apartments, or you have to pay per room, and the average price is usually 2k a month

    Corn PopCorn Pop7 orë më parë
  • just sold my townhouse for 150k over asking around 998k ... Then used that and some hundred thousand to buy a 3 million dollar home near Vancouver as my primary residence. And no banks won't lend here in Canada for high end homes unless you qualify got up to a potential 4 percent rate increase... No risk for a 2008 situation. Government won't do much they love the extra property tax rates they can collect... Most won't loan unless you have significant down much more than 20 percent (I put down around 50 percent cash) and high steady income...

    n Cn C8 orë më parë
    • @n C cosplaying a rich person is a weird kink but hey, no shame. Whatever you can crank your lil red hog to

      Kyle Lee HufnagelKyle Lee Hufnagel3 orë më parë
    • @Kyle Lee Hufnagel haha u poors are hilarious 😂🤣

      n Cn C7 orë më parë
    • This is meaningless, no one cares.

      Kyle Lee HufnagelKyle Lee Hufnagel7 orë më parë
  • I pretty much gave up on buying a home at this point. Sadly my kids and I will be in apartments our whole life.

    Dustin SDustin S8 orë më parë
  • The video was good until you put that racist looking politician looking guy on there. Miss me with him!🖕🏽

    Philly Guy178Philly Guy1789 orë më parë
  • American greed.

    Cecelia NelsonCecelia Nelson9 orë më parë
  • Less than a 1% vacancy rate in Asheville, NC - nothing affordable. The artists and musicians who brought the tourism there to begin with are having to leave town. There is PLENTY of AirB&B properties - but absolutely nothing to rent or buy at all under 250K.

    Abby the Spoon LadyAbby the Spoon Lady9 orë më parë
    • Air B&B has a lot more influence than the "vacation rental" market did back in the previous bubble in 2008 or 2000. More than half of the houses around here are empty much of the time and full on holiday weekends. That must be pushing the price up for everyone, making things much more expensive.

      fogcat5fogcat52 orë më parë
  • A corrupt system has allowed racism and greed ( by politicians bowing down to their corporate masters, who hold their leashes) to destroy America.

    CIMACIMA10 orë më parë
    • 💯 correct

      Examine Your ThoughtsExamine Your Thoughts8 orë më parë
  • No one should be so rich as to buy a whole neighborhood. The world for sale, to the highest bidder.

    S J MullenS J Mullen10 orë më parë
  • I noticed this in the 70s as a kid when I saw the price of houses in London. If I'd been smart I would have taken advantage of it. Wages for general population have not kept pace with house prices and this is one of the biggest crises in capitalism. Residential properties has become an item for speculation rather than mainly residential purposes. Housing used to be 10% of a household budget now it's over 50% for most people. Add in rising costs of utilities and that is why so many cannot save any money whatsoever. Never mind put together a deposit for a house. The funny thing is young people are actually being mocked for not leaving home after they are 18 by people who have the privelige of doing so. The individual is blamed rather than the system.

    Sukhbir SekhonSukhbir Sekhon11 orë më parë
    • So true

      Cheri MerchantCheri Merchant10 orë më parë
  • Don't worry....when the Fed loses control of the dollar, bond yields and CPI....they will be forced to raise rates.....then all of the greedy corporations buying up all these houses will run for the exits and start dumping their portfolios. Too bad you bought that 250k house for 350k with a 3% interest rate. It'll be back to 250k real quick....but not to worry...you "bought" the payment!

    Pirate91Pirate9112 orë më parë
    • 💯 correct

      Examine Your ThoughtsExamine Your Thoughts8 orë më parë
  • It is simple, people should not rent the stupid homes, leave it empty. Down scale living arrangement/plan to pull resource together with people around you find a parcel of land to build on. The reality is that average people actually have more power than these greedy corporation. If people come together and fight towards a common goal of defeating those greedy humans. There is power in collective endeavor.

    Blade25Q MayBlade25Q May14 orë më parë
    • True. Someone needs to write a book detailing that strategy. There are many active cases.

      Examine Your ThoughtsExamine Your Thoughts8 orë më parë
  • Are you sure Climate Change is a problem now? End of the world or End of the Month.

    Somting Wong WaiSomting Wong Wai14 orë më parë
    • lots of tornadoes ripping up the south today -- intense storms are more frequent and severe because of climate change and it's just going to get worse

      fogcat5fogcat52 orë më parë
  • its called asset inflation from printing shitloads of money coupled with the biggest google told you so rental generations, GenZ in their 20's + progressive millennials.

    Somting Wong WaiSomting Wong Wai14 orë më parë
    • ​@Kyle Lee Hufnagel Yep, all i need is t go up the local coffee shop and get 40-50 rental applicants all in those generation. Google told you renting is better than buying remember.

      Somting Wong WaiSomting Wong WaiOrë më parë
    • this is your brain on libertarianism

      Kyle Lee HufnagelKyle Lee Hufnagel7 orë më parë
    • Asset Inflation. I like that economic term. So true.

      Examine Your ThoughtsExamine Your Thoughts8 orë më parë
  • 1,000s of homes in the hands of the few. Should someone be able to be a land baron and essential own a town?

    Mark MastersMark Masters15 orë më parë
  • Yes!!!!!! What the hell they expect???? From American citizens (middle class). What ???? , Its gentrification

    King Harp Royalty TVKing Harp Royalty TV15 orë më parë
  • Greedy human beings never cease to amaze me. All while whining and complaining when people go after the rich

    James PattersonJames Patterson15 orë më parë
  • Also, to get into these type of investments, REITs(Real Estate Invest Trusts) you have to have so much in liquid assets you'd be able to buy a house with cash anyway, so you're priced out of the investments as well. Also, they don't hold them for 30 years, it's typically 6-10 years when they will liquidate all assets and move on. Concentrated wealth will be one of the things that destroys the world.

    withonorwithonor15 orë më parë
    • It creates slavery.

      Mark MastersMark Masters15 orë më parë
  • Neighbor *Herdz*

    Harry BeezHarry Beez16 orë më parë
  • Yep. This has been the trend since 2008.

    Cynthia MontgomeryCynthia Montgomery16 orë më parë
  • Not been alive long enough to know what affordable looks like. Scum boomers and billionaires take more than they need. Can’t wait for the day boomers die off and billionaires are tossed off a ledge.

    Kaley HeppKaley Hepp17 orë më parë
    • Real tolerant of you. Still begging the scum boomers to pay off your student loans for your worthless degree?

      IPOIPO4 orë më parë
  • It's the 2008 collapse 2.0 all because our government will not and refuses to pass laws that actually protect its citizens from predatory companies.

    Glen WhatleyGlen Whatley17 orë më parë
    • States need to initiate action even if the Federal lags. States can pass laws to freeze and control rents even control housing investors reach.

      Examine Your ThoughtsExamine Your Thoughts7 orë më parë
    • That's the root of the problem

      Cheri MerchantCheri Merchant10 orë më parë
  • I bought a house about 4 years ago in suburbs to send my kids to a good school system. $185k back then. We put 20% down and all. Today this house is probably worth $240,00. Yay for me but not really because it’s not like I could sell it and get a bigger house for my 2 kids, everything would be out of our price range now. Especially with the 2 kiddos in daycare. Not to mention COVID has put my career on shaky ground for the foreseeable future. The only thing that makes sense going forward is that if COVID ends up costing me my career and a global depression , I might be better off cashing in my IRA/401k accounts and paying off the mortgage. It’s not like I could afford to rent anything for the $900 a month mortgage I have right now. At least we would continue to own something worth money and my kids would have a house to live in.

    Justin OwensJustin Owens17 orë më parë
  • Property is theft after all.

    D RD R19 orë më parë
  • Yikes 😱 the Rich doing rich things!

    ZacharyZachary19 orë më parë
  • I live in a holiday destination where people from other states buy, and rent, so they can have a weekender to escape to, luckily i am back living with my elderly dad, but will have no way to afford to stay anywhere when he eventually passes.

    D RD R19 orë më parë
  • The Rich is greedy and will destroy the world!

    Konnie It's RealKonnie It's Real20 orë më parë
  • This is where the government should have stepped in but they don't care at all!

    Konnie It's RealKonnie It's Real20 orë më parë
  • During my pre-licensing class in November 2020, the Asian instructor laughed as she told the class that folks in other countries, own more property in America, than Americans do.

    Crystal RogersCrystal Rogers20 orë më parë
  • My former employer from Iran committed crimes to buy homes all cash.

    Crystal RogersCrystal Rogers20 orë më parë
    • Yes true

      Cheri MerchantCheri Merchant10 orë më parë
  • Typical, this is what happens when you vote in Republicans driven by greed. You'll have to wait till they crash the market, and they will, they always do. Study history and you'll be able to see it coming.

    dbc105dbc10520 orë më parë
    • Lol. Zero to do with voting Republican or Democrat. In fact, most of the problems are occurring in blue/liberals markets.

      Dirk DigglerDirk Diggler11 orë më parë
    • When the market crashes again you can be sure there are greedy people who have ways of making that work for them.

      D RD R19 orë më parë
  • Capital, acting like a tumor, is hoarding the base of our life sustaining systems.

    Derek FullerDerek Fuller20 orë më parë
    • Capitalism is a tumor

      Cheri MerchantCheri Merchant10 orë më parë
  • Housing market goes up and down All the time nothing new this woman is lame

    Steve GuardSteve Guard21 orë më parë
  • This is exactly my current struggle I'm pre-qualified for a loan but the housing market has skyrocketed and I'm now priced out of the market even with my down payment

    andrea wheelerandrea wheeler21 orë më parë
  • Tried to buy a house back in 2016 and I was constantly getting rejected due to stuff like all cash offers and no one wanting to pay some of closing costs.

    baltimorefilmmakerbaltimorefilmmaker21 orë më parë
  • I won't buy a home becuase I just know i'll end up selling it once I get old plus apartment are much safer and cheaper

    MidKnight 17MidKnight 1721 orë më parë
  • This ia false. The housing market is booming in Florida. Even for the middle class.

    Patrick 19kiloPatrick 19kilo21 orë më parë
    • @Patrick 19kilo : Parts of your comments has merit while other parts lack credence. Categorically, any American, irrespective of academic prowess who works hard and is responsible in their decisions can be deemed a Success. Greed and manipulative control does not equate success. Many mega rich either dropped out of college or never attended. A democratic society requires checks and balances to avoid those who have from demoralizing those who don't. Unmotivated individuals bare the brunt of their choices or lack of.

      Examine Your ThoughtsExamine Your Thoughts7 orë më parë
    • @Cheri Merchant i was born and raised in poverty, went to the military, got a college education (two degrees), started a business and now would be considered upper-middle class /lower upper-class and put all faith in Jesus Christ. I have little tolerance for those who refuse to succeed then blame others for their lack of success. In what free market economy is everyone equal? Name one.

      Patrick 19kiloPatrick 19kilo9 orë më parë
    • And the middle class and up are indifferant, sold their souls to the devil,and he will come to collect from them all they love

      Cheri MerchantCheri Merchant9 orë më parë
    • @Patrick 19kilo never ,we're just another exploited group the rich destroy,

      Cheri MerchantCheri Merchant9 orë më parë
    • @Cheri Merchant when has the housing market ever boomed for the poor?

      Patrick 19kiloPatrick 19kilo10 orë më parë
  • They didn't even come up for air when the bubble burst during W. Bush Admin. Greed and sucking every last dime is the name of the game.

    jinglejuggs69jinglejuggs6921 orë më parë
  • I'm looking to buy a house in NC, every house I've found and liked has been snatched up by someone else... And these houses are on the market for only 2-3 days. It's crazy....

    Andrea HaAndrea Ha22 orë më parë
  • This is why California is unaffordable

    LynetteLynette22 orë më parë
  • I call it doomsday 1998, 2008, now 2020. 11.5 years. History will repeat itself again and again. People are fleeting to other countries now.

    Steven PhelpsSteven Phelps23 orë më parë
  • Not going to lie, I was lucky to buy a foreclosure in 2009, got it for $115k cash. 12 years later it's valued around $700k. The family next door sold for close to a million.

    Fuck YoutubeFuck Youtube23 orë më parë
  • Where's government when families need desperate help. Both parties made money off the housing crisis in 2008. Who's doing it now? And why is it happening again?

    Steven PhelpsSteven Phelps23 orë më parë
  • Very good news

    Steven PhelpsSteven Phelps23 orë më parë
  • Even if you are able to buy a house, property tax will get you. $10,000 per year is now the norm. They got to pay many cops up to $100K/year in pension.

    The VikingThe Viking23 orë më parë
  • This was a really good discussion 👍 Anna made some great points. I love TYT when they stick to the subject!

    Aim WilliamsonAim WilliamsonDitë më parë
  • It could be three or four people putting on a home to flip it I’ve seen it in

    Vincent ReyesVincent ReyesDitë më parë
  • I've bought a condo back in 1984, paid the 30 year loan off early in a nice area. However, I'm constantly getting calls & letters from investors to buy my unit. Problem is that I never put it up for sale or place any ads. I tell them all, I don't make the money I use to like when I was young & can't afford to pay high rent at my age.

    Timelessmusic FamilymusicTimelessmusic FamilymusicDitë më parë
    • @Examine Your Thoughts it's been over 10 year's since my loan was paid off. The first year & half, I was able to pay off my credit cards & car payments, DEBT FREE👍!!. Then I started investing most of my money💸 for my retirement😀. If I rented all this time, most of my income would be on paying high rent & endless debt💳.😥

      Timelessmusic FamilymusicTimelessmusic Familymusic7 orë më parë
    • I bought my home 28 years ago and sadly have years yet to pay for it. I made good financing choices, albeit, job wise there were nick's in my path. My monthly fixed mortgage note is only $335. I pay insurance separate $88 monthly. Like you - I receive letters, texts and calls to buy my home. I would not be crazy as to transition from my present $335 to excess of $900 for a one bedroom. Keep your home unless they offer full value plus some.

      Examine Your ThoughtsExamine Your Thoughts7 orë më parë
  • If you limit the amount of housing a business can buy, unfortunately that won't stop people from owning as many properties as they want by creating multiple businesses to own them. People are already doing it, because it helps protect their assets in the event of getting sued. A car dealership who screwed me over did it. They changed the name of their business multiple times, and wiped their slate clean of any bad history. It's disgusting how slimebags can get away with shit like this! There's loopholes everywhere that most people aren't aware of.... and it's not information that's given freely. This is the stuff they don't teach you in schools, that only the wealthy know about.

    Angela ReussAngela ReussDitë më parë
  • I know in my area when we were looking to buy, every seller we looked at in our price range (fairly low, I'm on Social Security) was looking for cash offers only and appealing to investors. The seller agents didn't even want to talk to us or our agent because they were hoping to get cash investors involved, not just some regular people looking to buy a home to raise a family in. Now everything is out of our price range (even though buying would have lowered our monthly costs) and we're stuck in a rental where the rent just keeps going up year after year. My social security went up $20 this year and my rent went up $30. I don't know what we're going to do if it keeps going like this.

    Linear EqualistLinear EqualistDitë më parë
  • China spread virus, now it's time for them to buy your neighborhood.

    Michael LittlewoodMichael LittlewoodDitë më parë
    • @F. Alfredo Cabral Don't like facts? It is the China Virus, aka Kung Flu. China is 100% responsible for every single death world wide.

      Dirk DigglerDirk Diggler11 orë më parë
    • give me a break of your nonsense

      F. Alfredo CabralF. Alfredo Cabral22 orë më parë
  • You wanted Democrats in charge, this is what you get.

    Mark LewisMark LewisDitë më parë
    • @Mark Lewis : There most certainly is a correlation with income ( Trump plan enhanced the wealthy ) security and ability to purchase and maintain property investment.

      Examine Your ThoughtsExamine Your Thoughts5 orë më parë
    • @Examine Your Thoughts has nothing to do with housing

      Mark LewisMark Lewis6 orë më parë
    • I recall, Trump's tax plan enriched the wealthy and the middle to low class tax refunds were decreased from prior Trump. Who benefited?

      Examine Your ThoughtsExamine Your Thoughts7 orë më parë
    • @Abigail WC and clinton the time before.

      Mark LewisMark Lewis22 orë më parë
    • the old blaming card once again when the capitalists are the ones who keep stealing your money and freedom.

      F. Alfredo CabralF. Alfredo Cabral22 orë më parë
  • I wish the housing market would just crash and burn.

    M. C.M. C.Ditë më parë
    • I'm saving up for just that. Once house prices plummet, I'll finally buy one

      locutus94locutus9412 orë më parë
  • Thank you, Thank you for this ALworld ! Cape Cod Massachusetts is swarmed with this "AFFORDABLE HOUSING " LIE . Some are named Homes for working People. No industry at all on Cape Cod ! Investors can buy and charge high Vacation Rentals. Original Cape Coders are being forced out of there homes and cannot afford "AFFORDABLE HOMES". Simply not affordable. People voted in to politics love using AFFORDABLE HOMES as a buzz word. They don't have a clue. The restrictions are ridiculous. There is a guy I have seen on ALworld Telling People use your cash to buy real Estate. Seems that is what is going. Some one should Raise themselves up. to may Affordable Housing Affordable and stop this scam.

    Deborah ConnollyDeborah ConnollyDitë më parë
  • and that's how greed ultimately eat''s itself

    Sebastian WillimSebastian WillimDitë më parë
  • It's all fun 'n' games until the housing market collapses... and history says it will collapse. Just when everyone is getting in the game the bottom will fall out, I promise.

    seymore glassseymore glassDitë më parë
    • I see what you see

      Angela ReussAngela ReussDitë më parë
  • I thought we said goodbye to this like 10 years ago!

    Erik BallewErik BallewDitë më parë
    • Oh never! Both parties have been bought and paid for long before then. The owners of this country are beholden to no one, so they'll just continue to do bullshit like this over and over until they destroy the economy again and again. Don't worry, though. They'll be ok. When shit hits the fan, the government will bail them out with OUR money while leaving US out to dry, like they always do.

      locutus94locutus9412 orë më parë
  • They figured out how to make big $$ off foreclosures , defaults!! The biggest short Since they report to credit agencies they can ruin your life !! Liar loans?? NinA and predatory lending They got away with it , profited off it They're invested in this cycle , rinse n repeat All we needed was a pandemic wich will make thousands, millions homeless soon

    trichometrist1trichometrist1Ditë më parë
  • Its because there are no restrictionson real estate agents who strip communities of affordable homes and rebuild TWO homes on same property 5 times more expensive. Cary NC had a historic downtown area until Keith Bliss a local hated agent made sure he stripped out every home that was affordable. Check out Bliss Realty in NC if you want an example that will make your stomach turn. He replaces a 175k multi family home with two 750k homes on same property.

    Justin Porter Reviews StuffJustin Porter Reviews StuffDitë më parë
  • These is a tactic of class Warfare. Rich get richer while stepping on the throats of the poor that built everything for him.

    David KohnDavid KohnDitë më parë
    • Yup

      Cheri MerchantCheri Merchant10 orë më parë
  • The vicious cycle will be complete once corporations start owning prisons, then they'll have everything locked down. This has to be stopped, but without the use of violence otherwise it will be spun into whatever scenario makes the protesters look guilty.

    Lucky J. FergusonLucky J. FergusonDitë më parë
  • Lobbyists need to be outlawed. Period.

    Lucky J. FergusonLucky J. FergusonDitë më parë
  • That's what happens when you tell people to sleep, shower, cook, eat and have sex In someone's house without paying rents.

    jean lenorjean lenorDitë më parë
    • And if you keep raising the rent till they can no longer afford it, you deserve to have squarters

      Cheri MerchantCheri Merchant10 orë më parë
  • Come on guys it's so obvious all the properties going to be under Section 8 so the government which means tax players are going to be paying for these properties for the poor

    Ann BAnn BDitë më parë
  • Many countries including Germany and Japan confiscate 100% of real estate profits. 100%. That's how you build an industrial economy. By making it unprofitable to speculate in real estate. Problem solved.

    Cr HuCr HuDitë më parë
    • Really?

      A Hope FiendA Hope FiendDitë më parë
  • The sad part is they also insured thier money so if A housing collapse happened the cash investors wouldn't feel a thing. Just everyone else. You can lose your house but the bank still gets paid. Twice technically. They get the insurances mortgage and then the house to sell. There is incentive in a grey area for you to lose your home so big bank can make more

    1stfloorguy1stfloorguyDitë më parë
    • @1stfloorguy : Well, if history repeats itself, a few of the founding fathers and for sure many legislators through the years embellished and enriched themselves. It's a given some who acquire wealth could care less for those they legally steal from.

      Examine Your ThoughtsExamine Your Thoughts4 orë më parë
    • @Examine Your Thoughts yeah. I wonder if the founding fathers would agree with yearly rent

      1stfloorguy1stfloorguy4 orë më parë
    • Albeit, you can also lose your home for failure to pay local taxes.

      Examine Your ThoughtsExamine Your Thoughts7 orë më parë
  • 10:30 right.

    LJ. WumbologyLJ. WumbologyDitë më parë
  • I say no. I say look forward to a better future with an Egalitarian Economic system that benefits the people from affordable housing, accessible health care, live able wages to replace Capitalism *IF* we are willing to start discussing it on a national level. We can choose the start of something much better OR: cling on to Capitalism's trajectory, stages and conclusions. It may sound impossible, but everything starts with some good ideas and discussion. What have the people got to lose?

    Duane LocsinDuane LocsinDitë më parë
  • What affordable housing? We haven't had it since I've been old enough to supposedly be able to afford it

    Ibuddy66Ibuddy66Ditë më parë
    • We had reasonably affordable housing in most cities (not CA, or NY but most other places) until the first round of the housing investment scandals hit in 2006-08. Hundreds of thousands of homeowners with predatory sub-prime loans lost their homes and with it their life savings that had either been used for their down payment or used up in an attempt to keep their homes. The investors who caused the problem in the first place then swooped in and bought up all of those foreclosed homes. Rents went through the roof because all of those foreclosed homeowners now needed to rent homes. Essentially the investors were rewarded three times for destroying the core stability of the nation, and they are practically salivating at the chance to do it again as soon as the moratorium on evictions and foreclosures is lifted.

      Mercedes HolmesMercedes HolmesOrë më parë
  • Capitalism always leads to collapse and bankruptcy, our "best" system guys!

    MastervitroMastervitroDitë më parë
    • So true, capitalism leads to the dictatorship that people say they don't want,

      Cheri MerchantCheri Merchant10 orë më parë
  • I've been looking for a house for a year now. Everything is grossly overpriced, only thing affordable are fixer-upers.

    dmears238dmears238Ditë më parë
    • @EarthquakeStar : You made many valid points. Albeit, states and the federal will still need to ensure no historic collapse of the housing market for the middle class down to the poor.

      Examine Your ThoughtsExamine Your Thoughts7 orë më parë
    • Right, and that's why investors are buying them up and running the old fix and flip. People watch it on TV every day but act like it's new or sinister. It's investing 101, buy low & sell high. And not every investor is replacing old properties with new properties that no one can afford. There are investors who aim to provide affordable housing even though it eats into their profits a little. More and more former military people are getting into investing because they want to help AND make money. Me, I'm learning how to do what they're doing because I believe that when more people have more money we really can help more people. But it's naive to think there's ever gain without loss and wrong to villify anyone buying a foreclosed home; it's available and there to be bought, just like something you get at a pawn shop. Some poor soul sold something valuable because they needed the money and that's sad, but it's not theirs anymore and you're not evil for buying it. Some investors are scumbags, but not all of them are. Fundrise has one of the most affordable entry rates at $500 for virtual real estate investors, because they're buying properties like she mentioned. So to anyone who wants to grow their money to afford a better home one day, there's an option worth looking at. Anyone can do it, but they'd rather do nothing and complain "the man" is keeping them down. We grow our money, we grow our possibilities. 😎 Love this show, but I'm not 100% with them on this one.

      EarthquakeStarEarthquakeStarDitë më parë
  • You think this is bad on the continent? Try taking a look at the housing market in Hawaii... $920,000 as the MEDIAN PRICE for a single-family home, anyone??! Hawaii natives are literally being priced out of not only potential homes, but their island as well. With the already insane high cost-of-living, it really is looking hopeless for long-time locals to stay here...

    BrockBrockDitë më parë
    • Asians took over Hawaii and California

      LynetteLynette22 orë më parë
  • This was the daily case when house hunting in western Washington state, even using my VA loan there was scarce competing against cash heavy investors and flippers, and ultimately I secured a small cottage type near family back east which, following the numbers, I both feel bad and am thankful for. Per the previously mentioned grouped and to quote The Grinch, "The avarice.. the avarice NEVER ends.."

    Ryv MutsuRyv MutsuDitë më parë
    • I totally understand, my house value has jumped so high and would sale in 48 hours..but looking for a new place is crazy

      Jay MyersJay MyersDitë më parë
  • There is no inflation? Well, just look at the stock market and housing prices. There you see it.

    Joe Van AkenJoe Van AkenDitë më parë
    • Top % needs to eliminate debt somehow. Only poor pay it.

      V GV GDitë më parë
  • Land Value Tax should replace property taxes. Property law should stipulate that a home resided in carries one level of tax, and those that are not occupied 4 months or so a year and in increasing numbers are given tax multiples since unoccupied homes destroy the economic activity a resident provides. The law would make the most sense at the federal level. Own one or two apt complexes or houses. Fine. But more than that, is increasingly and prohibitively expensive.

    GhostOnTheHalfShellGhostOnTheHalfShellDitë më parë
    • @confused cynic right, yet extremely wealthy people are buying up homes, apparently in lots and entire blocks in REITs or as individuals essentially gaming the market on a naturally limited resource. i think they are also able to list these properties in some other category than vacation

      GhostOnTheHalfShellGhostOnTheHalfShell9 orë më parë
    • That's how it is where we live, our vacation home is taxed more than are primary residence.

      confused cynicconfused cynic11 orë më parë
    • That's honestly brilliant. But it'd never pass. Too many people with too much power and money at risk would have to sign off on it.

      Linear EqualistLinear EqualistDitë më parë
  • AZ suburb prices are out of control! Regular people can’t buy homes.

    meisha lasleymeisha lasleyDitë më parë
    • I have lived in Mesa my whole life. My husband and I sold our home several years back to move to Tucson, but ended up coming back a year later to care for elderly parents. We have watched as we have been slowly priced out of the market just over the past 5 years. I was just talking to my Mom yesterday about her health improvements since her stroke a couple years ago and her feeling guilty about my husband and I having to live in the small guest house on their property when we were used to having acreage of our own. She was trying to convince me that she and my father with advanced Parkinsons Disease would be fine if we bought our own place again as long as it was somewhere nearby. I had to try to explain that there was no buying a place nearby anymore. We are completely priced out of anything in the Phoenix Metro area now, and Tucson prices have nearly doubled in the past couple years now too. Buying another home will now mean moving at least 3 hours away to the outskirts of Tucson at best and I think even that window is closing quickly. It is very scary, but I try to put it out of my head most days because there is not a single decision I could go back and change. Family is family.

      Mercedes HolmesMercedes HolmesOrë më parë
    • @locutus94 The market doesn't crash in AZ because of our proximity to CA. In the last crash in 2008, all the people pushed out of the CA housing market moved into AZ and drove our prices up so high that AZ citizens were priced out of our own state. PHX is only 5 hours from San Diego by car, even shorter by commuter jet. Californians learned they could buy houses in AZ and commute to San Diego therefore keeping their CA income while buying up affordable AZ assets that Arizona residents can no longer afford because the average pay in Arizona is nowhere near what the average pay is in California.

      Mercedes HolmesMercedes HolmesOrë më parë
    • Just stash your money away and bide your time until the market inevitably collapses. That's what I'm doing

      locutus94locutus9412 orë më parë
  • All, cash investor buyers.. a good chunk are not even residents of the US or in the US. It’s international wealth stashing cash in US property, and since housing rent is solid “interest” income an easy pick for extreme wealth to live off “the fat of the land”. Welcome to the new landed gentry and vassal estates. This has been going on for years.

    GhostOnTheHalfShellGhostOnTheHalfShellDitë më parë
  • The real estate and credit markets crashed occurred under George W Bush's tenure.. But when Democrats had an opportunity to put an end to this wild real estate speculation, they failed to. During Obama, failing banks and brokerages were given treasury backed credit facilities to shore up their balance sheets. Banks and brokerage firms were never made to pay for their financial mischief of 2006-2009. No one went to jail for the financial collapse of 2006 to 2009. In 2021, we see deja vu. A financial meltdown in the real estate and credit markets is soon to come.

    Pharoah MonkPharoah MonkDitë më parë
  • Love TYT but here's the reality. Left and right caused what's happening and it's here to stay. Left messed up big time in pandemic with seeking rent relief without seeking mortgage/tax/insurance relief for mom-and-pop landlords who will now sell to pension funds and REITs -- who are cash buyers. Interest rate rise - no problem. Dip in the housing market - again, no problem. In a particular neighborhood, pension funds and REITs can keep 20% of rental units empty, raise rents 20%, cut maintenance costs 20%, and make more money with fewer headaches. Already too much legislation has made the supply so expensive that housing is built mainly for the upper-middle class and rich -- the top 10%. Your 401k also funds REITs that compete with you to buy a home. Two trends to watch are shared homeownership and rent always. With shared homeownership, one owns 1/8th share in a home. Own 8 shares. It will work like a timeshare allowing one to stay 6 weeks at one place at a time. With remote work, it is a favorable option for those willing to explore the country. For high earners, just rent and invest in REITs. You have residential assets without the headache of maintaining your own home or being a landlord. Yes, the rich/poor divide grows wider and no political party has an answer or is even looking for any answers.

    Fernando GuilloryFernando GuilloryDitë më parë
  • What's that rumble I can hear in the distance? It is capitalism starting to collapse just like Mt.St.Helens. First you get the groan of expansion then all hell breaks loose. The U.S. government should not bail out these greedy people like they did with 'share buying back' corporations.

    Matthew StudhamMatthew StudhamDitë më parë
  • We need Trump back plain and simple

    Game ON CaseGame ON CaseDitë më parë
    • @GhostOnTheHalfShell no argument here friend; perhaps you've mixed me up for the tRump cheer-leader that thinks #45 halted the building crisis while Biden has magically set all the gears in motion within 2 months? I also agree that TYT, like most media outlets, fail to report on this regularly as if the issues disappear. But the bubble will burst, it always does...

      seymore glassseymore glass20 orë më parë
    • @Lynette Yeh.. and Russians (read oligarchs of all sorts). Asians prize property, and a lot of successful people in China who understandably want to safe guard their money (on the positive side) but the US is probably the only nation with little to no restrictions on foreign ownership of property. We had that freak out when Japan was spanking US business, but we forgot about it when Japan waned as a concern. Now is much different, because wealth has concentrated so much more, the world is more volatile and investment opportunities are thin.

      GhostOnTheHalfShellGhostOnTheHalfShell22 orë më parë
    • @GhostOnTheHalfShell this has been going on long before Trump got into office but his tax cuts for the rich made things worse, Asians are buying up the country 🤷🏽‍♀️

      LynetteLynette22 orë më parë
    • @seymore glass Rich foreigners stashing cash in US property has been reported on for well over a decade. Trump’s indulgence of wealth didn’t start this and only accentuates it. Perhaps you are upset that I’m saying TYT didn’t catch a new problem? Even then I’d disagree because the situation is disgusting and needs to be addressed. It’s much like reforming voting to ranked choice. TYT will mumble about it being important then fail to say anything on the topic for months on end. Ranked choice has been filed several years in a row, but signature campaigns never materialize. TYT is blind to it. So they report on the property crisis and will forget about it too.

      GhostOnTheHalfShellGhostOnTheHalfShellDitë më parë
    • @Game ON Case Well, I don’t know what aspect of what I said is a shit show. I was born in the state have lived here all my life which spanned the advent of prop 13. Foreign buyers with cash have been snapping up property for a good decade or more with an acquaintance in LA stating that realtors see about 30% of buyers being foreigners paying cash. This is in my mind a shit show. He made the observation midway through Trump’s term. Extreme wealth seeks ways to stash it safely. Property is a traditional stash. Frankly Trump in the WH has no effect on the issue and didn’t when he was in office.

      GhostOnTheHalfShellGhostOnTheHalfShellDitë më parë
  • Thanks democrats we need trump back not corporate Joe

    Game ON CaseGame ON CaseDitë më parë
    • This was happening under Trump, too. If anything, he sped it up and made it more common. I mean, what do you expect? He's a real estate grifter himself. I'll never understand who people who aren't real estate grifters vote for them. They are the shadiest people alive.

      letshavepieletshavepie2 orë më parë
  • Ya investors set the rent based on their returns.. and other metrics. So basically make more money to pay rent, move in with filthy roommates, or move to mexico. The choice is always yours 😀 Again Blame cash investor types like Meet Kevin and Graham Stephen on ALworld promoting this crap.

    Jessi OJessi ODitë më parë
  • We are watching, and letting, the wealthy use the market to reimpose feudalism. Unless the working class unites as a powerful block, the interests of the wealthy will enslave the majority of the people, in the name of profits and freedom. Recognize this is organized class warfare against us by capital, and they are purposely impoverishing the masses to become their serfs, bound to serve the tiny owner class just to live. If we arent similarly well organized, and strategic, they will perform it to the full; they are Orwell's 1984, not the communists.

    Eliyahu BenYsraelEliyahu BenYsraelDitë më parë
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