Homes are being dumped on the market right now here in Tampa/St.Pete and prices are falling fast as even the corporations are selling off their holdings, insurance on some homes is almost as high as the mortgage payment on the home.
Y’all need to read the room. Employers aren’t hiring and some companies have gone almost entirely automated, like Klarna. No workers=no proof of income for banks to approve home loans. And even those who are still employed can’t afford the listing prices and are petrified of being eliminated at any moment. What faith does that engender to take up a 30-year mortgage? News flash: It doesn’t. Billionaires/millionaires are poised to snatch up your homes at rock-bottom prices and then, when they’ve gotten their fill, rehire workers to drive demand for housing. It sounds cruel… but this is exactly what happened in our last Depression. This is just the way things are. Buying a home is an investment. *NOT* a guarantee.
Shows how efficiently/effective our government is in dealing with one of the utmost problems impacting youngs peoples future. Privite equity and/or corporate ownership of single family homes and apartments. Heck the billionaires, trying to become trillionaires want all the Farmable land too.
Here's an idea: corporations can invest in properties, but only if they build. Keep them out of the existing home market. That way they grow the much-needed supply while also keeping existing neighborhoods intact. If you can afford to make a cash-only offer, you can spend 9 months permitting and building a property.
What measures can be taken to balance the influence of corporate investors on the housing market while ensuring affordability and accessibility for individual buyers?
Put a tax on having so many houses. Imo if you own more than 4 single family homes then you should pay 10% tax based on the value of the house per year. Then put the tax revenue on first time buyers.
Corporations that own single family homes should not be able to get tax deductions no matter what.
Homes are being dumped on the market right now here in Tampa/St.Pete and prices are falling fast as even the corporations are selling off their holdings, insurance on some homes is almost as high as the mortgage payment on the home.
I know this is a garbage fake new to artificially prop up the falling market.
It doesn't take crystal ball for insurance companies to predict how much covering hurricanes will cost. (spoiler alert: a lot)
Not news, been going on since 2008 financial crisis
Y’all need to read the room. Employers aren’t hiring and some companies have gone almost entirely automated, like Klarna. No workers=no proof of income for banks to approve home loans. And even those who are still employed can’t afford the listing prices and are petrified of being eliminated at any moment. What faith does that engender to take up a 30-year mortgage? News flash: It doesn’t.
Billionaires/millionaires are poised to snatch up your homes at rock-bottom prices and then, when they’ve gotten their fill, rehire workers to drive demand for housing. It sounds cruel… but this is exactly what happened in our last Depression. This is just the way things are.
Buying a home is an investment. *NOT* a guarantee.
Shows how efficiently/effective our government is in dealing with one of the utmost problems impacting youngs peoples future.
Privite equity and/or corporate ownership of single family homes and apartments.
Heck the billionaires, trying to become trillionaires want all the Farmable land too.
Here's an idea: corporations can invest in properties, but only if they build. Keep them out of the existing home market. That way they grow the much-needed supply while also keeping existing neighborhoods intact. If you can afford to make a cash-only offer, you can spend 9 months permitting and building a property.
Raising prices
Raising rent
You mean mortgage fraudsters
What measures can be taken to balance the influence of corporate investors on the housing market while ensuring affordability and accessibility for individual buyers?
Put a tax on having so many houses. Imo if you own more than 4 single family homes then you should pay 10% tax based on the value of the house per year. Then put the tax revenue on first time buyers.
@@johnc7532 Rich capitalists who pay lobbyists who control government mostly conservatives would never go for that
FLORIDA HOMELESS POPULATION HAS GROWN WITH EVERYTHING
Ban this practice!!!
Get out of my country commie.
No. I want plenty of buyers for my home 🏡
That would mean banning capitalism
What a great way to further funnel money out of communities.
More tracking and support regulation please.
Higher prices