The REAL Reason You Can't Afford a House

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Published 2024-08-01
Wall Street is buying up neighborhoods and communities across the U.S. In 2022, big investors bought more than one in every four single family homes sold nationwide. It’s wrecking the housing market, driving up rents, and making it nearly impossible for working people to afford to buy a home.
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All Comments (21)
  • @dvdv8197
    “This country has socialism for the rich, rugged individualism for the poor." -Martin Luther King, Jr. Still as true as ever today.
  • @imbabymolly
    "worse product at higher prices" is the private equity slogan
  • @CaraMarie13
    We need to push for legislation to address this. This is a bipartisan issue. We can get this done.
  • @stevec404
    This is where government should have stepped in a long time ago: single family homes are for single families ONLY - NO "investors"!
  • @CaliNic30
    Wall Street should not be allowed to do this. I get calls at least once a month from companies asking if I want to sell my house.
  • @starojunes
    And then they wonder why people aren't having kids. If you can't afford a home near a school or just a home in general then why even raise a kid? People associate owning a home and making a family as things that go hand in hand. Lots of people will refuse to start a family unless they have a stable home.
  • I make 80k a year. I pay around 1/4 of that on debt. The median cost of a home in my area is 500k. Median rent is $2500 for a two bedroom. Forget buying, I can't even afford to live alone.
  • @dvdv8197
    Greed is not the desire for more, it's the desire for more at the expense of others.
  • Single FAMILY homes should only be available to FAMILIES. Not corporations that seek infinite profit off of the suffering of people. Once a corporation owns more than a few houses, raise the taxes on them drastically. How is it allowed for a corporation to own thousands of single family homes?
  • This is horrific. Thank you for bringing attention to this crushing issue. The failure to regulate capitalism will cause its collapse.
  • Property taxes should be escalating based on number of properties owned. Once you get over 2-3, the taxes should be so high that it's not worth buying more
  • How are they not liable? Having to do repairs is nuts. This is basically an Anthem of why the gov should have bailed out the homeowners and not the banks.
  • @APATHTC
    This only gets worse. If you dont own a home now, you will never own a home unless you are given one via inheritance. Greed IS America.
  • @savage.4.24
    I have said this. That apartments and houses are not rented homes but more like a storage unit for humans with limitations on how many guests you can have and when if you can have pets or kids. Even how many guests you may have and how often. That's not a home. It's a storage unit for humans
  • @chrisc8686
    It needs to be illegal for businesses to buy or own homes.
  • Hey now, isn’t it lovely knowing that Wall Street always wins. That makes me feel better to know that I have to pay more for everything from housing, gas, prescriptions, meat, internet, cable, streaming services, credit card rates and healthcare. So happy that I can sacrifice for a couple dozen billionaires. Camel fits through the eye of the needle eventually.
  • @Jinchuricki27
    We have to organize ourselves because our government representatives could give a damn. We are out here fighting massive corporations while simultaneously being told to pull ourselves up by our boot straps. This is a bunch of BS.
  • @2011blueman
    Corporations shouldn't be allowed to own single family homes in the first place.