Private Equity’s Ruthless Takeover Of The Last Affordable Housing In America

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  • Опубліковано 9 лис 2024

КОМЕНТАРІ • 12 тис.

  • @viserie9345
    @viserie9345 Місяць тому +7773

    Corporations should not be allowed to purchase residential land

    • @charlesrhinesmith4585
      @charlesrhinesmith4585 Місяць тому +373

      I've been saying that same thing for the past few years. Stop corporations and investors from purchasing single family homes. Housing has gotten so expensive because of these investors that even basic started homes are now unaffordable for many people.

    • @dkchen
      @dkchen Місяць тому +80

      It’s easier to say that large $1B PE firms can’t purchase single family homes.

    • @suehowie152
      @suehowie152 Місяць тому +121

      You might want to check out the Hedge Fund Control of American Homes Act...Some people are working on it..

    • @emilyfeagin2673
      @emilyfeagin2673 Місяць тому +164

      Or to make huge profits from basic human necessities like food , water, and healthcare

    • @AdamLeite
      @AdamLeite Місяць тому +66

      I think you hit the nail in the head. That would be a great start if we want to avoid general homelessness.

  • @laurawalker4042
    @laurawalker4042 Місяць тому +6712

    The greed in this country is obscene. The inhumanity is cruel.

    • @LouiseBrooks-g3t
      @LouiseBrooks-g3t Місяць тому

      That's why we have been dumped world wide. Never thought I would live to see America turn into a pariah to the entire time world. Disgraceful.

    • @zyansheep
      @zyansheep Місяць тому +82

      Greed is human nature. Our modern economy is founded on human greed and it's an incredible motivator. The issue is that for finite resources like land, unlike any other thing you can accumulate (like money or material goods) you can't make more of it and thus it's ripe for the situation where people buy the land and then charge people for its use despite doing nothing except being there first to buy the land. To fix this we need the government to impose a land value tax so that they actually use land for useful things instead of collecting rents from people who actually need it.

    • @esotericheric8659
      @esotericheric8659 Місяць тому +134

      @@zyansheep it’s the lowest part..
      The animalistic part of our nature…. Though soo many people are narcissists…. And narcissists have no real sense of self.

    • @fredstrehlow511
      @fredstrehlow511 Місяць тому +11

      This is the exact reason I never bought a mobile home.

    • @waltergrace565
      @waltergrace565 Місяць тому +62

      @@zyansheep Nah, greed is not human nature. And the last thing we need is more tax. What we need is a real currency and sound monetary policy. It's the only way to restore the value of labor.

  • @CameronFussner
    @CameronFussner 15 днів тому +761

    Something they dont talk about is how over 25% of new home were actually bought by investors, not people looking to live there. Even if boomers sell all the houses or more home become available, the problem wont go away, as wealthy investors will still buy up those supply of houses. This will keep the houses prices up.

    • @AlfredWilliams-ki6ri
      @AlfredWilliams-ki6ri 15 днів тому +11

      Not a word about banks, equity firms, Blackrock, buying up houses after the 2008 cruises as assets. You cannot discuss the housing cruises without discussing this.nOr discussing that largest luxury houses generate more profit than smaller non-luxury. Developers build for profit.

    • @williamDonaldson432
      @williamDonaldson432 15 днів тому +7

      Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

    • @foreverlaura-fq4eu
      @foreverlaura-fq4eu 15 днів тому

      @@williamDonaldson432 Please how can I connect to your advisor? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.

    • @foreverlaura-fq4eu
      @foreverlaura-fq4eu 15 днів тому +3

      Please how can I connect to your advisor? My funds are being murdered by inflation, and I'm looking for a more profitable investing strategy to put them to work.

    • @williamDonaldson432
      @williamDonaldson432 15 днів тому +5

      There are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with Annette Marie Holt for about 3 years now, and her performance has been consistently impressive. She’s quite known in her field, look-her up.

  • @Mexican00b
    @Mexican00b Місяць тому +4691

    Companies owning 100,000+ homes should be illegal

    • @DavidMartins
      @DavidMartins Місяць тому

      ANYONE owning more than 3 houses should be illegal. It's legal feudalism

    • @williamtiffee3799
      @williamtiffee3799 Місяць тому

      @@ghostferatu6241 Noone buys into that b.s. anymore. (Newsflasher: Babylonian Talmud thumper Khasarians, are not of "Semitic" origin... They ARE, however gradually marring- into the Canaanite Set/ en anic gene pool.)

    • @bullseye2255
      @bullseye2255 Місяць тому +57

      ​@@ghostferatu6241that's a witty response Bateman, let's see Paul Allen's remark.

    • @Fawn-hv7mx
      @Fawn-hv7mx Місяць тому +45

      They make the laws.

    • @yankeedrifter81
      @yankeedrifter81 Місяць тому +77

      I might place that number muuuch lower...let's say illegal to own more than 20-30 homes, supermarkets, restaurants, cafes, shoe stores, hardware stores etc etc.

  • @theundone777
    @theundone777 Місяць тому +5369

    Private equity is destroying every market in America. Every single one.

    • @07wrxtr1
      @07wrxtr1 Місяць тому +168

      Because they paid off daddy government and women don’t care how they make their money:
      “Oh he drives a bmw!!”

    • @shacktime
      @shacktime Місяць тому

      @@07wrxtr1 This is the inevitable result of a citizenry that envies the wealthy for wealth’s sake.

    • @BuildNewTowns
      @BuildNewTowns Місяць тому +94

      Consequences when they just print off Trillions of dollars and give to their corrupt friends :/

    • @07wrxtr1
      @07wrxtr1 Місяць тому

      @@BuildNewTowns And: Don't forget - Women don't ask whether or not the money you earn came from a moral place, or if people were hurt... They only care about what year your BMW is, how many sq' your house is, and if they can worm their way in to owning half or more of it.
      Everywhere everyone was saying 20-30 years ago: "just" go to college... and look at what these colleges have taught everyone - not to value family, morals, god, ethics.... instead: "it's all about me dude bro/bruh!"
      How many articles have you read where they say "the stakeholders..." yet - never mention WHO they are?
      Last thought: The "guys" working for private equity - in my mind - are the same guys that struggled with women in high school - they sold out - so they can run off and buy women with the money. At the end of all of it - the money ends up in the hands of women who could care less - so as long as they can have that instabrag life "style"
      Ontological and existential crisis - where everyone uses eachother - and the primary beneficiaries are: Corporations, NGO's, and your personal fave: DADDY Gov't (and the beta males that work for it).

    • @RabidDisposition
      @RabidDisposition Місяць тому +117

      @@theundone777 you shouldn't be able to own any more than 5 rental properties in any given city or maybe even state. 5 is more than enough to live comfortably.

  • @Yormsane
    @Yormsane Місяць тому +4568

    "There is no American dream any more, all it is is survival..." I really felt that.

    • @vgstb
      @vgstb Місяць тому +142

      Time to wake up and get an interest in politics, because politics has an "interest" in you.

    • @1utube01
      @1utube01 Місяць тому +87

      The 60s had a higher purchasing power for an hour of labor. Since then, minimum wage has been frozen several times despite exploding costs of living and inflation (thanks, Reagan). Also, over this time, social benefits have been cut and attacked while top marginal taxes have been slashed from over 70% to under 40%.

    • @Yormsane
      @Yormsane Місяць тому +22

      @@vgstb ... is literally why I follow this channel. 🙄

    • @shanerogers9386
      @shanerogers9386 Місяць тому +17

      @@Yormsane light a match EVERY time a flippers buys a home and every time a investor buys a home

    • @frances4797
      @frances4797 Місяць тому +16

      That is my daily experience 😣

  • @ryanwilliams989
    @ryanwilliams989 19 днів тому +1063

    In my opinion, a housing market crash is imminent due to the high number of individuals who purchased homes above the asking price despite the low interest rates. These buyers find themselves in precarious situations as housing prices decline, leaving them without any equity. If they become unable to afford their homes, foreclosure becomes a likely outcome. Even attempting to sell would not yield any profits. This scenario is expected to impact a significant number of people, particularly in light of the anticipated surge in layoffs and the rapid increase in the cost of living.

    • @hunter-bourke21
      @hunter-bourke21 19 днів тому +3

      I suggest you offset your real estate and get into stocks, A recession as bad it can be, provides good buying opportunities in the markets if you’re careful and it can also create volatility giving great short time buy and sell opportunities too. This is not financial advise but get buying, cash isn’t king at all in this time!

    • @maryHenokNft
      @maryHenokNft 19 днів тому +2

      You are right! I’ve diversified my 450K portfolio across various market with the aid of an investment coach, I have been able to generate a little bit above $830k in net profit across high dividend yield stocks, ETF and bonds.

    • @maggysterling33254
      @maggysterling33254 19 днів тому +1

      @@maryHenokNftDo you mind sharing info on the adviser who assisted you?

    • @hunter-bourke21
      @hunter-bourke21 19 днів тому +2

      Definitely! All of this happened in less than a year after *Izella Annette Anderson* told me what to do. I started with less than $100,000, and now I'm about 17,000 short of having a quarter million dollars.

    • @BiancaSherly-qt6sb
      @BiancaSherly-qt6sb 18 днів тому +1

      oh! i never take this advises online seriously, but i checked Izella up out of curiosity and i must say i am impressed by her Credentials. i emailed her already, waiting on her response

  • @johnathansilva2823
    @johnathansilva2823 Місяць тому +1678

    Rent:
    2018: $750
    2020: $850
    2022: $1,200
    2024: $1,500
    RENT SHOULD NOT DOUBLE IN 6 YEARS!

    • @ArmyVet79
      @ArmyVet79 Місяць тому +51

      80% property taxes 20% for landlords trying to keep up with they neighbors

    • @silasakron4692
      @silasakron4692 Місяць тому +134

      I'm from Denver. You could once rent a decent single bedroom apartment in an acceptable neighborhood for $400/mo. Those same apartments with no real added value (and worse mold) now rent for $1400+/mo less than 15 years later. It's absurd. Even if you can afford that, why would you WANT to? What a waste of money.

    • @johnathansilva2823
      @johnathansilva2823 Місяць тому +42

      @silasakron4692 It's crazy. NO utilities included, and Massachusetts has the 2nd highest electric rates.

    • @RunninUpThatHillh
      @RunninUpThatHillh Місяць тому +40

      I bedroom apartments in rural NY...1300/month. I have a mortgage...only 550/month...3 bedroom farmhouse on 4 acres. Isn't that WILD? It's 980/month if you include my house insurance and school/land taxes (which are 80% bullshit).

    • @hhjhj393
      @hhjhj393 Місяць тому +69

      @@silasakron4692 I had to leave Denver for this very reason......... Even though I was Born in Colorado and lived there for 29 years. I think that in the coming years I will probably end up in a van. I have savings and retirement, but I am just so angry at the world and society that I am kinda just giving up, I really hate this country, the people, everything down to my core. I don't want to be a part of this. So I don't even want to own a home and mow grass and try and keep up with the joneses. If I bought a house honestly I would probably let a bunch of homeless people live there just to piss off society.
      I am done.

  • @TheLexikitty
    @TheLexikitty Місяць тому +2585

    Its wild that we constantly have to force businesses to do the right thing when the government is the one that allows them to operate in the first place.

    • @christophersmith2470
      @christophersmith2470 Місяць тому +187

      These private equity firms own the government.

    • @lampstax
      @lampstax Місяць тому +5

      What's the right thing ? Pay the contract rate that the union negotiated ?

    • @jujubesification
      @jujubesification Місяць тому +80

      ​@@lampstaxnot do legal extortion of people? It shouldn't be legal to do this.

    • @stevestone76
      @stevestone76 Місяць тому +72

      The big mistake most people make is thinking the government and big corporations/private equity firms are separate entities.

    • @JJ-qo7th
      @JJ-qo7th Місяць тому +45

      @@stevestone76 The big mistake most people make is thinking the government is a driver rather than a vehicle.

  • @DarthFather_
    @DarthFather_ Місяць тому +2262

    The United States is completely unsustainable at this point

    • @stevenbilodeau6697
      @stevenbilodeau6697 Місяць тому

      You will fall yeah.Not from an invasion but from within. You are broke and once you can't afford all those social programs or to subsidize the cost of food for your people they will turn on the elites and we will have a new 'French Revolution' on our hands. Teh authorities can't even stop a bunch of Black Teenagers from rioting and looting. They can't stop you at all. Which is why they keep you focused on race based issues instead of the whole rich VS Poor that is actually taking place.

    • @zenboy1612
      @zenboy1612 Місяць тому

      That’s why it invaded everywhere to steal their resources

    • @karllieck9064
      @karllieck9064 Місяць тому +52

      Another reason for the country to continue with balkanization.

    • @pursedelighted
      @pursedelighted Місяць тому +165

      They need to change the name to UNITED SNAKES OF AMERICA. sad what is happening

    • @peachesrambo4037
      @peachesrambo4037 Місяць тому +19

      Don't worry, in a few months there will be plenty of free homes to pick from.

  • @dr.j1355
    @dr.j1355 20 днів тому +129

    When injustice becomes law, rebellion becomes duty!

    • @alphajackal6648
      @alphajackal6648 18 днів тому

      Laws are always demands made by the ruling class upon their subjects. The only difference is that nowadays those who rule us have been able to cast a wider and wider net with fewer and fewer concessions.
      So you're right - it's just that law is inherently unjust because of the power disparities that underpin it, so rebellion against it as a system never ceases to be a duty.

    • @ЯрославКривич-ч4э
      @ЯрославКривич-ч4э 7 днів тому +2

      When people agree with injustice, they become slaves. And slaves have rebellion never.

    • @justinwoodall461
      @justinwoodall461 4 дні тому

      ​@@ЯрославКривич-ч4эin the western world it's likely only a matter of time before a few ultra wealthy individuals heads end up in pikes. After that changes will happen.

  • @shekharmoona544
    @shekharmoona544 Місяць тому +4712

    This is why I get angry at politicians and billionaires that call themselves patriots all while screwing over the same elderly veterans and civilians that supported this country.

    • @hollyp4579
      @hollyp4579 Місяць тому +186

      It’s infuriating the level of greed! They have plenty of money, they should remember that the elderly worked very hard all of their life and should NOT be treated in this manner.

    • @mistermoo7602
      @mistermoo7602 Місяць тому

      The elderly voted to give them the power to do so. Now they're trying to hand over the future of the next two generations for more time.

    • @l.c.3150
      @l.c.3150 Місяць тому +163

      It’s the rich against everyone else. The politicians are rich!

    • @CraftEccentricity
      @CraftEccentricity Місяць тому

      Yet not a single journalist mentions the fact that the entire BlackRock family is employed within the current White House. BlackRock is responsible for buying up all the properties.

    • @zumaanandrade3961
      @zumaanandrade3961 Місяць тому +110

      @@l.c.3150 Yep! Give them 1yr in politics and they are millionaires. HOW! I think you know the answer.

  • @monkeyjshow
    @monkeyjshow Місяць тому +1786

    My wife died unexpectedly two years ago. I fell apart and fell behind on the lot rent which was increased twice after she passed. I ended up homeless for a few months, and trying to buy something on back taxes in Michigan this year was not even remotely possible as the corporations threw tons of money at the auctions. Corporations should not be allowed to own residences

    • @nikkijubilant
      @nikkijubilant Місяць тому +140

      Sorry for your loss and all your hardships

    • @monkeyjshow
      @monkeyjshow Місяць тому +1

      @@nikkijubilant My cats and I have been renting a room for almost a year now. I got a camper while I was displaced and I've started to rent that to vacationers. It has provided a little extra income. If the world doesn't end, I may be doing okay next summer

    • @monkeyjshow
      @monkeyjshow Місяць тому +130

      If I had land, I would be buying campers and doing my best to provide some sort of housing for people at a good price. I don't want to be a landlord, but being displaced sucks

    • @foremanhaste5464
      @foremanhaste5464 Місяць тому +47

      I would actually be all for business entities being prohibited from own residences and property management companies the exception, but with extreme limitations on how they operate and that they are not themselves owned by a larger corporation. Property Management companies being required to operate as cooperatives would likely be best. This video shows some of the first warning signs that lead to dystopian corporatocracy.

    • @monkeyjshow
      @monkeyjshow Місяць тому +49

      @@foremanhaste5464 I would be all for housing being recognized as an innate right. I would also like to see the rest of our innate rights recognized and honored for humanity across the board. I'm way way way over capitalism

  • @fionasmom6254
    @fionasmom6254 29 днів тому +683

    That scene where people are attending a workshop and then touring like they are on a field trip to LEARN how to exploit the poor souls who live in the trailer park. It's beyond disgusting.

    • @nilu1121
      @nilu1121 26 днів тому +13

      It’s disgusting for sure.

    • @dlullrich6803
      @dlullrich6803 25 днів тому +22

      They are predators and have a sickness called greed. Intern makes us all sick to our stomach.

    • @FarewellAphrodite
      @FarewellAphrodite 24 дні тому +7

      Agreed 💯

    • @MrDlt123
      @MrDlt123 24 дні тому

      Almost like they were visiting a poor people zoo. 😠

    • @ashtonstout7375
      @ashtonstout7375 23 дні тому +4

      I fully agree.

  • @ryant6548
    @ryant6548 15 днів тому +55

    This is just the tip of the iceberg. Regular home ownership is becoming unattainable as well due to corporate home purchases. They then charge rent high enough to keep people from saving anything towards owning a home in the future. It's clear the system isn't working.

    • @ericburkett6349
      @ericburkett6349 8 днів тому

      Oh, the system's working alright, but it's working only for those who control it and it isn't the government.

    • @ЯрославКривич-ч4э
      @ЯрославКривич-ч4э 7 днів тому

      I'm sorry, but you said a bullshit, dude. If a person wants to buy a house, he will find money and buy it.

    • @ryant6548
      @ryant6548 3 дні тому

      @@ЯрославКривич-ч4э Where do I find this tree that money grows on?

    • @ЯрославКривич-ч4э
      @ЯрославКривич-ч4э 3 дні тому

      @@ryant6548 You need to find a job, not a tree.

  • @jeffbroders9781
    @jeffbroders9781 Місяць тому +1511

    Another example of corporate greed ruining the country.

    • @sootuckchoong7077
      @sootuckchoong7077 Місяць тому +27

      Govt allowed this to happy. Maybe happily too.

    • @user-lt1jd1ye3v
      @user-lt1jd1ye3v Місяць тому +25

      It’s true our “government” helps with nothing

    • @moviesforrandy
      @moviesforrandy Місяць тому +12

      it is shameful.

    • @Matt-e2j
      @Matt-e2j Місяць тому +24

      And corrupt politicians don't care.

    • @MsDsGarden
      @MsDsGarden Місяць тому

      Folks voted for NO gov't oversight and donated $$$$ to billionaires, now complain that you can't afford housing???

  • @jer1776
    @jer1776 Місяць тому +2454

    Sounds like straight up extortion.. These private equity heads should be thrown in prison.

    • @janedoe1229
      @janedoe1229 Місяць тому

      Why aren't they? Why are elected officials allowed to take brides? Why do you continue to vote crooks back in

    • @shanerogers9386
      @shanerogers9386 Місяць тому

      @@jer1776 publish their home addresses

    • @nickmagrick7702
      @nickmagrick7702 Місяць тому +63

      At the least

    • @amzarnacht6710
      @amzarnacht6710 Місяць тому +85

      Should be straight up illegal. Period.

    • @_gungrave_6802
      @_gungrave_6802 Місяць тому +22

      Except its not extorsion nor is what they're doing illegal. As much as we hate what they're doing they know how to push and bend the law without breaking it.

  • @davidhutchinson5233
    @davidhutchinson5233 Місяць тому +1661

    Private Equity should be BANNED from buying into the public trust. Housing, hospitals, et al. BANNED!!!! And citizens should come together to purchase and have 1st right of refusal when trying to put together financing for the purchase of their park.

    • @comkver
      @comkver Місяць тому +38

      This would be awesome! I just hope that residents actually get together. We tried to do that when they're owner of the park sold, here told me us to get together but I no one was ready to on such shirt notice. It was a sad day when the new landlord came and immediately talked about charging for water and raising the rent.

    • @charlzcofflin4199
      @charlzcofflin4199 Місяць тому +12

      Dude, just...stop it with the antisemitic remarks.

    • @vickijohnson9367
      @vickijohnson9367 Місяць тому +7

      Absolutely BANNED!

    • @milycome
      @milycome Місяць тому

      People will say, private equity firms are very Predatory.
      HELLO !!!! To the Dummies out there : All Capitalism is PREDATORY !! Wake up Dummies !!

    • @karenandpaulwilson9128
      @karenandpaulwilson9128 Місяць тому +9

      Severly Limit the amonth of wealth gainef thru private equity.

  • @SonnyFrisco
    @SonnyFrisco 19 днів тому +20

    I just voted for rent control in California. I hope more states do the same. Private Equity firms have ruined housing.

  • @MeiMitokai
    @MeiMitokai Місяць тому +455

    "They can tolerate rent increases because they can't afford to leave" is just psychotic. I can't believe there are people out there who can say that out loud with no guilt.

    • @nathanielovaughn2145
      @nathanielovaughn2145 Місяць тому +25

      Special bowls in Hell....

    • @jaclowho7958
      @jaclowho7958 Місяць тому +17

      And the would be investors think it would be a good investment. Don’t these people see how certain people lives are being destroyed because of greed. ?

    • @brianniegemann4788
      @brianniegemann4788 Місяць тому +59

      They're not psychotic, they're sociopathic. Businessmen like this were born without a conscience. They believe that other people exist to be their victims.

    • @Grisbane
      @Grisbane 27 днів тому

      @@brianniegemann4788 born without empathy is psychopathic. Sociopath requires a traumatic event or series of events to come into existence.

    • @pwp8737
      @pwp8737 26 днів тому +20

      this is America, a country built on slavery, why does this shock you?

  • @Kyla94934
    @Kyla94934 Місяць тому +523

    Private equity is doing this everywhere. Corporations should not be allowed to own residential housing

    • @thornyback
      @thornyback Місяць тому

      The USA is a plutocracy. It is just a big money-making machine for capitalists. When are people going to wake up and do something about it?

    • @ishisarten7640
      @ishisarten7640 Місяць тому +5

      Housing is a human righteous

    • @thothheartmaat2833
      @thothheartmaat2833 Місяць тому +1

      If they want to be legal persons they should be put in prison..

    • @drunkensailor112
      @drunkensailor112 Місяць тому +3

      Not everywhere in my country renting out houses is taxed so high that companies are not interested in buying houses for that reason.

    • @zerozero2020
      @zerozero2020 Місяць тому +1

      And politicians

  • @AttackHak
    @AttackHak Місяць тому +2095

    Private equity is literally destroying our country…. Who knew greed could cause so much harm… 😒

    • @vg7985
      @vg7985 Місяць тому +23

      lol. Don’t like capitalism, do you?

    • @HiSodiumContent
      @HiSodiumContent Місяць тому +191

      @@vg7985 *claps* What a strong rebuttal! So many good points! Such a clever and nuanced argument!

    • @idrathernot_2
      @idrathernot_2 Місяць тому +76

      ​@@vg7985what point are you even trying to make?

    • @notabannedaccount8362
      @notabannedaccount8362 Місяць тому

      @@vg7985Go to Venezuela, Communist!

    • @akiranara6404
      @akiranara6404 Місяць тому +82

      It's not just greed; it's the lack of responsibility. Thanks to convoluted legal loopholes, private equity firms have *no liability* when things go wrong with stuff they manage. As such, they have no inclination to treat anyone humanely or with any form of decency, because they won't be held responsible even when people _die_ as a result of their horrible policies. (One of them literally got out of a wrongful death lawsuit by claiming this.) And they've bought all the politicians so thoroughly that this situation isn't changing any time soon.

  • @Ym-oi2we
    @Ym-oi2we 15 днів тому +24

    These predators need to be held accountable

  • @PaulKatrina.
    @PaulKatrina. Місяць тому +2008

    To my own research In USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

    • @ChristianKelv
      @ChristianKelv Місяць тому +5

      Considering the present situation, diversifying by shifting investments from real estate to financial markets or gold is recommended, despite potential future home price drops. Given prevailing mortgage rates and economic uncertainty, this move is prudent, particularly due to stricter mortgage regulations. Seeking advice from a knowledgeable independent financial advisor is advisable for those seeking guidance.

    • @HectorWhitney
      @HectorWhitney Місяць тому +2

      I've remained in touch with a financial analyst since the start of my business. Amid today's dynamic market, the key difficulty is pinpointing the right time to buy or sell when dealing with trending stocks - a seemingly simple task but challenging in reality. My portfolio has grown by more than 5 figures within just a year, and i have entrusted my advisor with the task of determining entry and exit points.

    • @BellamyGriffin19
      @BellamyGriffin19 Місяць тому +1

      Could you guide me on how to get in touch with your advisor? My funds are being eroded by inflation, and I'm seeking a more lucrative investment strategy to effectively utilize them.

    • @HectorWhitney
      @HectorWhitney Місяць тому

      'Melissa Terri Swayne is the coach that guides me, you probably might have come across her before I found her through a Newsweek report. She's quite known in her field, look-her up.

    • @dawnwaka9082
      @dawnwaka9082 Місяць тому +5

      America the beautiful...😢

  • @Elanasinterlude
    @Elanasinterlude Місяць тому +892

    This is evil. People are already struggling.

    • @icespeaker81
      @icespeaker81 Місяць тому +1

      cry harder poor...

    • @raee1265
      @raee1265 Місяць тому +101

      @@icespeaker81Someday you’ll go through something difficult in your own life. Hopefully it will help you develop some empathy for the suffering of others.

    • @icespeaker81
      @icespeaker81 Місяць тому

      @@raee1265 i wont. my dad has a networth of 20 something mill lmao

    • @bigbeefjoedaddy
      @bigbeefjoedaddy Місяць тому

      Stop voting democrat

    • @MarcIverson
      @MarcIverson Місяць тому

      @@icespeaker81 Thank you for pointing out how awful your soul is. Now we know.

  • @carenburmeister5002
    @carenburmeister5002 Місяць тому +640

    Private equity groups did this to the apartment complex I used to live in. It’s criminal really. The level of greed and exploitation is criminal.

    • @TexMarque
      @TexMarque Місяць тому +5

      It's obvious that you don't understand Econ 101.

    • @Blackspidy619
      @Blackspidy619 Місяць тому

      There's no housing shortage, there's a greed surplus.

    • @Doc5thMech
      @Doc5thMech Місяць тому

      @@TexMarque. It’s obvious you support putting Americans out on the street. Malicious gouging is not a pillar of economics principles in any economics course including graduate seminars.

    • @zenboy1612
      @zenboy1612 Місяць тому +28

      They want a new class of slaves

    • @Blackspidy619
      @Blackspidy619 Місяць тому +40

      @@carenburmeister5002 there is no housing shortage. Just a corporate greed surplus

  • @tr7b410
    @tr7b410 21 день тому +17

    I watched my rent space go up from 450$ per month in 2002 to 1200$ in 2011.
    This family owned property of 350 spaces in Southern California was sold to 1 of these Wall street investors & they have no interest in keeping it AFFORDABLE.

  • @JannyLuits
    @JannyLuits Місяць тому +627

    I’m in Ohio and the housing market here over the last 7-8 years is unlike anything I’ve ever seen. Homes that were bought for $130K in 2015 are now being sold for $590k. I’m talking about tiny, disgusting, poorly built 950 square foot shit boxes in quiet mediocre neighbourhoods. Then you’ve got Better, average sized homes in nicer neighbourhoods that were $300K+ 10 years ago selling for $750k+ now. Wild times.

    • @brucemichelle5689.
      @brucemichelle5689. Місяць тому +21

      Home prices will come down eventually, but for now; get your money (as much as you can) out of the housing market and get into the financial markets or gold. The new mortgage rates are crazy, add to that the recession and the fact that mortgage guidelines are getting more difficult. Home prices will need to fall by a minimum of 40% (more like 50%) before the market normalizes.If you are in cross roads or need sincere advise on the best moves to take now its best you seek an independent advisor who knows about the financial markets.

    • @carssimplified2195
      @carssimplified2195 Місяць тому +2

      Personally, I can connect to that. When I began working with a fiduciary financial counsellor, my advantages were certain. I got into the market early 2019 and the constant downtrends and losses discouraged me so I sold off, got back in Dec 2021 this time with guidance, Long story short, its been 2years now and I’ve gained over a million dollars following guidance from my investment adviser.

    • @foden700
      @foden700 Місяць тому +2

      This is huge! think you can point me towards the direction of your advisor? been looking at advisory management myself.. seeking ways to invest and make more money with the uncertainty in the economy.

    • @carssimplified2195
      @carssimplified2195 Місяць тому +2

      Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Aileen Gertrude Tippy” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

    • @foden700
      @foden700 Місяць тому

      Thanks a lot for this suggestion. I needed this myself, I looked her up, and I have sent her an email. I hope she gets back to me soon.

  • @kepik4714
    @kepik4714 Місяць тому +1450

    I've lived in my mobile home for 25 years. The rent has gone up EVERY YEAR! It started at $525 a month, now its almost $1800. Once I'm retired I will no longer be able to afford the rent, even tho my house is paid off. It is disgusting what corporations are doing to people.

    • @LizNeptune
      @LizNeptune Місяць тому +96

      Sickening to read!!

    • @thebombu
      @thebombu Місяць тому +39

      So sick!!!

    • @t.h.8475
      @t.h.8475 Місяць тому +44

      Wow, that is terrible.

    • @homelessmillionaire1
      @homelessmillionaire1 Місяць тому +33

      So you saw the future and did nothing to prepare for it.

    • @Michael-j4l3d
      @Michael-j4l3d Місяць тому +25

      The hell don't you move it? it's a *MOBILE* home

  • @afterhourscinema782
    @afterhourscinema782 Місяць тому +962

    Corporations truly ruin EVERYTHING, don't they???

    • @cdevidal
      @cdevidal Місяць тому +3

      Especially when they collude with government to craft regulations to crush the little guy. Ugh

    • @TheSmark666
      @TheSmark666 Місяць тому +19

      Perhaps the answer is for individuals being screwed over by corporatism to fight back with corporatism. You have the absolute right to create, erect, found, and incorporate your own corporation. Use the private statutes they lobby legislatures to pass against them.

    • @Your_mom736
      @Your_mom736 Місяць тому

      Spoken from a corporate device, on a corporate platform on the channel supporting corporate unions.
      You all are the corporate problem. Corporate doesn’t exist without your unwavering support. ❤

    • @vgstb
      @vgstb Місяць тому +100

      @@TheSmark666 Poor people can't do that.

    • @cbdevidaljk1
      @cbdevidaljk1 Місяць тому +52

      Especially when they collude with the gvt to pass regulations that crush the little guy. Ugh

  • @nthabilu
    @nthabilu 13 днів тому +8

    What these corporations are doing is absolute wickedness.😡

  • @ChristineK0819
    @ChristineK0819 Місяць тому +415

    This is sad, housing market is wrecked, renting a home is high, apartments are high and they now are taking over the last affordable option for trailer parks. Insane!!

    • @allover4309
      @allover4309 Місяць тому +9

      Who do Americans think they are competing with for homes and food?
      Hint:20+Million new comers have to live somewhere and suddenly prices go up. But ok, blame the investors that raise prices because of the increased competition. Millennials blame the Boomers and everyone keeps voting the same way. The standard of living has gone down because of uncontrolled amounts of new competition. 🤷‍♂️

    • @davidhollenshead4892
      @davidhollenshead4892 Місяць тому +12

      @@allover4309 You are a Liar!!!

    • @allover4309
      @allover4309 Місяць тому

      @@davidhollenshead4892 !
      you are anAss!!! Lol
      🤪

    • @whatchatalkinboutwillis6131
      @whatchatalkinboutwillis6131 Місяць тому

      @@davidhollenshead4892 The liar are people like you, you think that allowing over millions of illegals to walk right in are not hurting the citizens here? Get your head out of your ( , ) !

    • @whatchatalkinboutwillis6131
      @whatchatalkinboutwillis6131 Місяць тому +3

      @@allover4309 Well said.

  • @erichodge567
    @erichodge567 Місяць тому +344

    This is the biggest economic story in America, and the corporate media won't touch it.

    • @c.k.b6840
      @c.k.b6840 29 днів тому +16

      But they report stock market gains every day.

    • @jessicadubois9945
      @jessicadubois9945 29 днів тому +6

      💯

    • @arostwocents
      @arostwocents 29 днів тому +1

      It's repulsive how corrupt the western media is

    • @pchab1966
      @pchab1966 28 днів тому

      The financialization of almost any industry in the USA has destroyed the fabric of society.

    • @汤圆-y7f
      @汤圆-y7f 27 днів тому

      Hmmm, let's see how we can pin this one on "communist" China as well - US politicians

  • @jimmccandless4307
    @jimmccandless4307 Місяць тому +479

    Flipping and price gouging affordable housing while our working class poor and our veterans live on the street is criminal .

    • @itsablessingbeinganamerica1401
      @itsablessingbeinganamerica1401 Місяць тому

      Yet illegals given everything.

    • @sootuckchoong7077
      @sootuckchoong7077 Місяць тому +17

      Govt happily allows those billionaires to make big profits.

    • @newsongsung1147
      @newsongsung1147 Місяць тому +10

      Now in Florida it is illegal to be homeless!

    • @jimmccandless4307
      @jimmccandless4307 Місяць тому +4

      @@newsongsung1147 sick

    • @Flintlock1776
      @Flintlock1776 Місяць тому +3

      I am a veteran.
      I live in a 3500sq ft house on 5 acres that's paid for.
      Being a veteran does not condemn one to poverty. Bad decisions do.

  • @endtimeslastdays7777
    @endtimeslastdays7777 7 днів тому +4

    These corporations are straight evil

  • @thetinysideoftiny7625
    @thetinysideoftiny7625 Місяць тому +246

    I live in a mobile home community in AZ. Encore bought it in 2016 from private owners. Since that time, my rent has SKYROCKETED over 220%! It has significantly impacted my quality of life. When all of your income goes directly to housing, there’s nothing left over to have a life. They raised the yearly rent another $1,000+ for 2025 and now residents have to pay for garbage, internet, and basic cable which was included in prior years. Also, we are now required to our own yard work, which again was included in prior years. Upsetting to see an 80 year old neighbor on her hands and knees pulling weeds. Corporate rent gouging and greed in its most disgusting form.

    • @customcalendars4u2
      @customcalendars4u2 Місяць тому

      All those things you mentioned rent & contractional agreements assure that people won't be able to keep up with being priced out in the future and in conjunction to not being able to physically maintain your property grounds therefore; making the tenant non-compliant which assures corporations/they're partners in crime "Governments" that the land will soon be abandoned so that they can forge ahead with whatever the plan is for it, like is happening around the world. At the end of the day it's about getting better control over the people who soon won't be able to make any decisions for themselves; the writings on the wall and has been for a long time. Blue states, Red states, Black, white, brown, yellow (with the exception of those who travel light years to help out earth) Christian or Muslim are in the same sinking boat; the plan is complete total dominance over humanity. They're professional instigating of turning people against each other with wars, racism and poverty the powers that be have caused us to be so distracted that now even if your eyes are starting to open it's TOO LATE to stop the plan! The good news is nothing last forever, not even your pain and suffering it is only for a short while. Spiritual battles cannot be defeated by man....

    • @TheFailingHumanExperieme-ge4ov
      @TheFailingHumanExperieme-ge4ov Місяць тому

      Ismerica was a good growth story for many decades because Jooish and WHTE executives only sought to exploit cheap labor overseas, like Nike. However, Ismerica is no longer growing, it's in decline. Stock market highs are artificial, and if AI works as well as everyone wants it to, 10,000s of jobs will be lost. The final nail in the coffin is this video: wealthly whtes and joos are turning and exploiting their own for profits.
      Renounce your USA citizenship before they take that right away from you. BlackRock, Goldman, etc. are coming for you next.

    • @SonnyCrocket-p6h
      @SonnyCrocket-p6h Місяць тому +1

      boohoo. Move into a van, as I posted above, ZERO cost for housing, utilities, food or commuting. Presto, problem fixed. $3000, at most, from a private seller on Craigslist or FaceBook.

    • @Navs126
      @Navs126 Місяць тому +47

      @@SonnyCrocket-p6hWTF! You are the problem. Move into a van?! What is your deal. I don’t want my grandparents living in a van. What a senseless thing to say.

    • @truthreigns3465
      @truthreigns3465 Місяць тому

      Lay off the meth

  • @terrinewlon3258
    @terrinewlon3258 Місяць тому +433

    I live full-time in an RV park in Quartzsite, Arizona. We have investors buying up parks. They hire 'managers' who harass the tenants to force them to leave. Many cannot afford to move their rig to another park. Once it is abandoned, the park owns it and rents it out. It's disgusting. We have 2 state laws for protection, but no one enforces the law. Please visit us in Q. We have over 65 RV parks and several low-income residents. We need you!

    • @katiebice3905
      @katiebice3905 Місяць тому +47

      I live on SS. When I moved in 7 yrs ago my rent in a 55 & older mobile home park was $740 a month here in North Phoenix. 2 yrs after I moved in, the private owner sold it to a corporation. Since, my rent has gone up every year. This year I just got a notice my base rent will go up $98 a month. PLUS they are now making me pay an EXTRA $25 pet fee per dog. So starting Nov 1, my rent will be $1375 a month. I LIVE ON $1500 A MONTH SS. I have less than 2 months to try to find something affordable. Since I have 2 dogs, I need a home or mobile home. I AM SO DAMN ANGRY. I started looking online and the prices are out of bounds. What is worse, is at least 1/3 of the spots are empty or the home has been for rent or sale for THE ENTIRE YEAR in the park.

    • @TomSarelas
      @TomSarelas Місяць тому +12

      Need a non-urban form of rent control. Might help? They're multi-family communities, without any vertical facet. I'm no liberal, but clear abuse is clear abuse - regardless the political stripes. TFS

    • @Novastar.SaberCombat
      @Novastar.SaberCombat Місяць тому +17

      The wealthiest always win. No exceptions.

    • @IndigoStarrAz
      @IndigoStarrAz Місяць тому +8

      I get out to Quartzite once a year. I just went to that yuuuge RV show in February. Nice people out there.

    • @suzanlund999
      @suzanlund999 Місяць тому

      Don't vote for anyone with a background in real estate.

  • @omniopen
    @omniopen Місяць тому +326

    My mom lives in a manufactured home community and I lived with her in it for a few years when I was a kid. It was sold to a large company a few years ago and they raised rents and I remember her telling me about some of her elderly neighbors who were on social security and Medicare that were forced out, absolutely despicable.

    • @Novastar.SaberCombat
      @Novastar.SaberCombat Місяць тому

      That's existence on Earth for ya. Only the wealthy can win. No exceptions.

    • @terrinewlon3258
      @terrinewlon3258 Місяць тому +1

      Despicable and criminal.

    • @PhillipFelix-kw3zi
      @PhillipFelix-kw3zi Місяць тому +22

      It's just mean. Borderline cruel and unreasonable to treat people this way.

    • @doriandeutsch6060
      @doriandeutsch6060 Місяць тому +1

      @@omniopen The same is now happening to us at Royalwood Estates Manufactured Home Park in Lynnwood WA! We have formed a new alliance group called, "Royalwood Residents Alliance" and are seeking legislation to help protect these parks and the 55+ seniors, the disabled and veterans who live here from a use and Economic Eviction! Please pray for us. We Need Help! 💜

    • @MsDsGarden
      @MsDsGarden Місяць тому +6

      Same elderly folks who were despicably cruel and hateful to others? What goes around, comes around.

  • @lforbici
    @lforbici 4 дні тому +2

    I am Brazilian and seeing this kind of video makes me fell very sad. By today there is only greed around the world, and the poor people are the most affected. What kind of society we become? Man this is terrible!

    • @tonyprice2256
      @tonyprice2256 3 дні тому +1

      Hola mi hermano de Brazil! Hi there. I just wanted to say hello from the USA!

  • @ImahSillyGirl
    @ImahSillyGirl Місяць тому +608

    These protections should be ACROSS THE BOARD, in EVERY state.

    • @tw8464
      @tw8464 Місяць тому +8

      You're absolutely right

    • @boristheamerican2938
      @boristheamerican2938 Місяць тому

      Some states vote republican so thats not going to happen is it?

    • @ONYX-365
      @ONYX-365 Місяць тому +5

      Every Country 🌍

    • @feydrautha80
      @feydrautha80 Місяць тому

      these protections with no effect?

    • @boristheamerican2938
      @boristheamerican2938 Місяць тому +2

      you vote republican so no way

  • @bobbyfartz5591
    @bobbyfartz5591 Місяць тому +361

    This should be an hour long documentary and should be talked about on every news station and tv channel. It should be trending on Netflix, discovery, and every politician should be forced to watch it before they go vote on that bill

    • @cormaro13
      @cormaro13 Місяць тому +6

      Cause someone forgets there’s a high power at hand and it’s called the government 😂 they’re getting paid out so I doubt they care

    • @christophersmith2470
      @christophersmith2470 Місяць тому

      Dude, politicians are almost all sociopaths with 0 empathy. While they're watching that video, all they
      will be thinking about is the large sums of $$$ donated to their PAC's to keep them in power receiving
      those fat paychecks, killer benefits and eventual life long pensions. The politicians are immune to empathy
      or human suffering. Municipal workers, firefighters, EMS and a very small police force with a small mayoral
      office and city planning commission that people have to vote on first before implementation is all the government
      modern society needs to day. Instead, we get 1/3 of our total workforce working in some type of tax payer funded
      position. America cannot possibly continue on for much longer.

    • @Inquisitor2024
      @Inquisitor2024 Місяць тому +6

      Like they give a damn

    • @d1p70
      @d1p70 Місяць тому

      It was the GOP that killed the bill. Usual suspects... Yet poor white folks love their orange jesus😂

    • @occamsshavecream4541
      @occamsshavecream4541 Місяць тому +2

      Yes, and too bad it couldn't be broadcast before the presidential election,

  • @daviddobarganes9115
    @daviddobarganes9115 Місяць тому +423

    Evicting the elderly is violence

    • @MRkriegs
      @MRkriegs Місяць тому +4

      ??? 😂😂😂

    • @raymondhardie3880
      @raymondhardie3880 Місяць тому

      Also, think about this; The supreme court just recently ruled that it is legal for government entities ( cities, townships, counties,and states ) to make homelessness illegal activity. What the hell is the mindset of our government that allows a system to make people homeless and then make them criminal for that condition ? Our leaders are all insane and psychopathic fools driving this nation into oblivion.

    • @thinkandrepent3175
      @thinkandrepent3175 Місяць тому +13

      100 💯 agreed

    • @apprentice661
      @apprentice661 Місяць тому

      @@MRkriegsit’s fairly simple. Evicting a demographic who will struggle to find work and affordable housing leads to an inability to keep up with healthcare, mental health issues that can eventually affect physical health, and ultimately leading to quicker mortality rates. That is violence

    • @animaladvocate8938
      @animaladvocate8938 Місяць тому +18

      It's inhumane

  • @classicgamernl
    @classicgamernl 5 днів тому +2

    This happens worldwide! Big problem in the Netherlands as well!

  • @gratefulagoraphobe
    @gratefulagoraphobe Місяць тому +194

    Politicians, governments allowed this to happen. In Ireland, they buy entire housing estates and rent back to Irish at huge cost. These are foreign, US and Canadian, pension funds. Ordinary people are priced out of the market, and have to pay colossal rents meaning they can't save. All allowed by our government. It's disgusting

    • @ofAwxen
      @ofAwxen Місяць тому +26

      That's feudalism

    • @gratefulagoraphobe
      @gratefulagoraphobe Місяць тому +22

      @ofAwxen we live in the neo feudalism age. I live in a tiny house, I don't buy crap I don't need and I'm grateful for what I do have. The only power we have over these oligarchs is consumer. Don't believe you need more to be happy, don't buy their crap

    • @zyansheep
      @zyansheep Місяць тому +4

      There is an easy solution to fix all of this. The government just needs to tax land.

    • @gratefulagoraphobe
      @gratefulagoraphobe Місяць тому +3

      @@zyansheep in Ireland, more than a quarter of government ministers are private landlords... so that will never happen

    • @waltergrace565
      @waltergrace565 Місяць тому

      @@ofAwxen It's called the ponzi scheme of bureaucracy. It has to eventually engulf everything to survive.

  • @henryjustin1049
    @henryjustin1049 26 днів тому +81

    Sold our 2nd home back in 2023 because being on a fixed income…we could not afford the insurance, taxes and upkeep on two places anymore.
    We had several big companies contacting us about buying it. We ignored them completely and sold it to regular people!

    • @bellasue02
      @bellasue02 21 день тому +12

      Thats what we need to do but most people will take the money.

    • @juneyshu6197
      @juneyshu6197 16 днів тому +2

      thank you

    • @Вася-ш3щ
      @Вася-ш3щ 15 днів тому +1

      One can only hope that these ordinary people are real and do not work for those companies.

  • @winterwonderland1154
    @winterwonderland1154 Місяць тому +216

    Oh yeah, the “American dream”. You mean, the “American dream for the 1% oligarchy”

    • @healingsoul13
      @healingsoul13 27 днів тому +5

      Coming soon : American Hunger Games!

    • @winterwonderland1154
      @winterwonderland1154 27 днів тому +5

      @@healingsoul13 the author talked about how she based it on television of seeing poverty and war on one channel and then a glamorous fashion show on the next channel. She based it on real life. Ain’t no coming up next, we are already living it.

    • @candlestyx8517
      @candlestyx8517 22 дні тому +7

      Socialism for the rich, rugged individuality for everyone else

    • @generaleerelativity9524
      @generaleerelativity9524 17 днів тому

      Yeah, cause you gotta be asleep to believe it.
      ~ George Carlin

    • @juneyshu6197
      @juneyshu6197 16 днів тому

      And subsidized immigrants.

  • @scorpionqueen66
    @scorpionqueen66 4 дні тому +2

    As a Black woman who's worked for over 20 years as a EKG tech until 2020, and I'm still struggling to live and pay my bills, the American dream has NEVER EXISTED for me and most Black people!!! If I could afford to leave America, I would leave without any hesitation!!! But I can't afford to leave, so I'm stuck here until I die in poverty and debt!!! Death is preferable now for me personally, and I'm not ashamed to say it!!!!

  • @tropicalbreeze-hh3sh
    @tropicalbreeze-hh3sh Місяць тому +178

    This is DEPRESSING NO DOUBT. And a lot of us are heading straight down that path and it’s terrifying. It feels like no matter how much you try and save or invest something happens at the convenience of the government and boom your 2 steps forward takes a 3 steps back direction. Take care everyone, God bless you all. Aloha!

    • @rasunsoter
      @rasunsoter Місяць тому

      The only G.O.D. that is blessing ANYONE, is GOLD, OIL and DRUGS!

    • @froggy0162
      @froggy0162 Місяць тому

      You watched this and you think the government is the problem…? Wow, Americans really are not that bright

    • @djdrews
      @djdrews Місяць тому +1

      This isn't government.This is private equity investment firms. The average person needs to make sure their elected representatives know that private equity should be stopped. This is where PEOPLE become the government. "We, the People of the United States of America..."

    • @djdrews
      @djdrews Місяць тому +2

      There are more of us than them. We must organize.

  • @slowpainful
    @slowpainful Місяць тому +139

    Canadian here. We also suffer similar abuses due to the increasing financialization of housing (treating housing as an investment, rather than a human right). How many times have we been assured that "the market will provide affordable housing" (!) when the most cursory glance at conditions reveals this to be a blatant lie. In Toronto, the ending of any kind of rent control has meant that the average rent for a one bedroom apartment is now $2400 per month. Our provincial government thinks building single family homes in the suburbs is "affordable housing". It is all about greed, urban sprawl and profits over people.

    • @wisesaint2
      @wisesaint2 Місяць тому +1

      You need to vote Turdo out of office. I'm sorry. I mispelled the name. It's Trudeau

    • @PeterGeci
      @PeterGeci Місяць тому +6

      Tents in parks are the new affordable housing sad but reality. I am also Canadian in Ontario

    • @angelainamarie9656
      @angelainamarie9656 Місяць тому

      What these people have proven to me is that the market can't do ANYTHING right or fairly and we should abolish capitalism.

    • @donaldjamesderrick
      @donaldjamesderrick Місяць тому +4

      Canada is an unsurvivable hellhole for many people today. I'm glad I escaped, and can send remittances to help the people I care about who are still trapped in Canada.

    • @FrothingFanboy
      @FrothingFanboy Місяць тому +1

      ​@@donaldjamesderrick If you don't mind my asking, what country are you in now? Why would it be any better than Canada, when the problem is to be found in every part of the western world? People are going to have to double up instead of living alone, that is the reality.

  • @Vanderearden
    @Vanderearden Місяць тому +547

    Yet another example that America isn't a democracy, and absolutely everything is a commodity that can be purchased, including people.

    • @alexsmith-ob3lu
      @alexsmith-ob3lu Місяць тому +21

      America is a vast corporation, not a sprawling empire. Everything is incorporated.
      Building a high society is an infinite game, not a “depreciating asset.”

    • @johnnychipello919
      @johnnychipello919 Місяць тому +9

      A dictatorship

    • @c.l.montoya2972
      @c.l.montoya2972 Місяць тому

      @@Vanderearden
      As long as you have the right to vote, it is still a Democracy. The problem is GREED and STUPID and/or GULLIBLE PEOPLE. Vote while you can, this may be your last chance. Then you’ll really have something to b!tch about.

    • @Vanderearden
      @Vanderearden Місяць тому +21

      @@alexsmith-ob3lu: No doubt that America is a corporation, but I'd argue its also an empire. Over 800 admitted military bases globally. American corporations headquartered around the globe. At least 28 nations are client states of the U.S... That sounds like the definition of empire to me.

    • @Vanderearden
      @Vanderearden Місяць тому +25

      @@johnnychipello919: Actually, America is a fascist, plutocratic police state.
      A dictatorship means an individual runs the show. Like a monarchy. America isn't like that. Multiple entities run America, but for the same end and means.

  • @priyankaa3426
    @priyankaa3426 22 дні тому +14

    US should stop interfering in other countries and take care of their own people

  • @kmw8775
    @kmw8775 Місяць тому +449

    My 90-year-old mother lives in a manufactured home that she bought 10 years ago. My sister lives with her, and between the two of them they manage well. They have a very nice house. The park they are in is run by a young man who has taken it over from his parents, who ran it for years. The lot rent has gone up over the years, but only in proportion to actual costs rising. The park is very well maintained, they enforce standards to keep it looking good, and she is very happy there. It will be a disaster if one of these private equity firms buys out the lot owner and raises her rent significantly.

    • @homelessmillionaire1
      @homelessmillionaire1 Місяць тому +28

      It's going to happen, prepare and look to move as though it has already happened

    • @kmw8775
      @kmw8775 Місяць тому +41

      @@homelessmillionaire1 It might not. The young man who's running it now it takes his parents' experience very much to heart. The family is well regarded and they make a decent living. Sometimes people realize they don't need more than that. Especially when they are not anonymous to their customers, but interact with them regularly. At any rate, they will stay there as long as they can, and hopefully that will be the rest of their lives.

    • @mikew466
      @mikew466 Місяць тому +19

      Probably not an if but a when. Your mom will probably not face this crisis, but your sister likely will.

    • @cosmicllama6910
      @cosmicllama6910 Місяць тому +14

      @@homelessmillionaire1 Where is there to go when this is literally country wide and all housing? They won't stop until we say enough

    • @markfreeman4727
      @markfreeman4727 Місяць тому

      @@kmw8775 problem is they may force him to sell, i know one crazed money mogul thats suing farmers who wont sell him their land

  • @kellyfeger
    @kellyfeger Місяць тому +143

    They are preying on the poor. And shocker - they get the highest revenue off it in the real estate industry. Goes to show that just like Bernie said, "it's expensive being poor."

    • @kingjoseph5901
      @kingjoseph5901 23 дні тому

      They will come after the middle class next, then the upper class. Its all orchestrated. You will own nothing and be happy.

  • @rjc7289
    @rjc7289 Місяць тому +149

    The way these corporations are preying upon and putting the squeeze on the poorest of the poor is beyond obscene! If I had to pay through the nose for a dilapidated trailer house, dirty tap water, non-functioning pool and deserted community center, I'd be royally pissed too! Any guy who can buy and sell dozens of mansions like it's no bid deal while his tenants are facing eviction deserves a special place in hell!

  • @loufur4502
    @loufur4502 23 години тому +1

    Same as Australia. Over 1 million people in nsw homeless living in cars.

  • @AlexMorgan4live
    @AlexMorgan4live Місяць тому +1552

    Its been three years since I retired, and while inflation has made it challenging to maintain my lifestyle and even worse when I lived in the city, relocating to the countryside has helped to manage better, its lonely, as most of my friends and family are still in their routines but It's been easier to stretch my savings and hopefully, I won't outlive it.

    • @GLADIATOR-tz7yt
      @GLADIATOR-tz7yt Місяць тому +5

      I’m nearing retirement myself, and I had similar concerns. I started investing much later than most, and just relying on ETF compounding wasn’t cutting it for me. After working with a financial advisor, I managed to restructure my investments and am now on track to retire with around $4 million. If I hadn’t sought advice, I doubt I’d be as confident in my plan right now

    • @AlexMorgan4live
      @AlexMorgan4live Місяць тому +2

      I’m trying to figure out the best approach for my portfolio. How did you find your advisor? I feel like I need that kind of guidance

    • @GLADIATOR-tz7yt
      @GLADIATOR-tz7yt Місяць тому +1

      I usually steer clear of recommending specific people because financial needs are so personal. But I can say that working with Emily Ava Milligan has made a world of difference for me. I noticed her strategies are tailored to fit personal goals and make sense for different needs. It might be worth exploring to see if her approach resonates with you.

    • @AlexMorgan4live
      @AlexMorgan4live Місяць тому

      Thanks for that. I did a quick search and found her page. I was able to email so I sent over a few questions to get more info. Appreciate you sharing

    • @croswellianprincess3590
      @croswellianprincess3590 Місяць тому +8

      Good luck with that plan. I found living out in the sticks to be more expensive. Food costs, gas, propane. Have to drive at least a half an hour to get anywhere. And trying to find capable medical care that is more knowledgeable than the local vet can be a challenge.

  • @Mitzi73
    @Mitzi73 Місяць тому +310

    Only families and citizens should own homes. Corporations as well as investors from other nations should not legally be considered individuals or citizens. Our courts NEED to rule on this.

    • @newlife8318
      @newlife8318 Місяць тому +10

      What proportion of homes do Blackrock and Vanguard own in America?

    • @emilyfeagin2673
      @emilyfeagin2673 Місяць тому +18

      Good idea but we need to pass laws. In light of the Supreme Court criminalizing homelessness. I don’t have much faith in the courts

    • @AdamLeite
      @AdamLeite Місяць тому +13

      I disagree with "families and citizens". Many people do not have families but are citizens who worked for their homes. What I strongly disagree with is the government giving border crossers that benefit at the cost of letting US citizens go homeless.

    • @takethesquid
      @takethesquid Місяць тому +5

      ​@@AdamLeite that's a silly disagreement, citizens with or without families is just fine. I'm not sure about the foreigner bashing you speak of, but if you have any evidence instead of unproven hearsay I'm all ears

    • @AdamLeite
      @AdamLeite Місяць тому +3

      @@takethesquid Sorry, it was the person I responded to who said that "only families and citizens" should own homes. That is what I disagreed with. Kamala Harris has been promoting and more recently, Nancy Pelosi has endorse that $25K should be given to the recently arriving migrants so they can purchase their homes.

  • @PJWestfield
    @PJWestfield Місяць тому +238

    Those groups doing their "investor tours" were truly dispicable. Something must be done about private equity companies in this nation.

    • @TheVitamin421
      @TheVitamin421 Місяць тому +29

      right, they were all posing for a picture in front of the mobile homes they are gonna price people out of! they are disgusting.

    • @nettewilson5926
      @nettewilson5926 Місяць тому

      Nothing will be done except to make it easier for private equity to exploit people

    • @boristheamerican2938
      @boristheamerican2938 Місяць тому

      It wont be because you will vote for Trump.

    • @paulzammataro7185
      @paulzammataro7185 Місяць тому +7

      Ghouls!!!

    • @boristheamerican2938
      @boristheamerican2938 Місяць тому +3

      @@TheVitamin421 I dont understand the long term value of doing this except for putting numbers on a piece of paper and extrapolating them out. If you price people out your going to wind up with empty lots, enough of those and your losing money.

  • @cy9105
    @cy9105 5 днів тому +2

    John Oliver did a great story a few years back. These leaches literally on poor people.

  • @roxiewatters1161
    @roxiewatters1161 Місяць тому +402

    I absolutely hate greed! With every fiber of my being!
    Just think about how beautiful life could be if we treated each other with kindness, dignity and compassion

    • @addictcar69
      @addictcar69 Місяць тому

      Can send me money and don't be greedy 😅😅😅😅

    • @whiteingale
      @whiteingale Місяць тому +2

      😂

    • @happyappy19931
      @happyappy19931 Місяць тому

      Do you mean like the Democrats do? No thanks.

    • @habbadabbado5765
      @habbadabbado5765 Місяць тому

      Blame millennials for the greed then, as they own more homes than private equity firms.

    • @Jimraynor45
      @Jimraynor45 Місяць тому +3

      Greed is a part of life and it's necessary for existence. Keep in mind, there is a lot more at play here than just greed.

  • @TellTruthWV
    @TellTruthWV Місяць тому +128

    This is outrageous!. I pray that all of these communities win, and that this highway robbery and abuse will be stopped.🔥

    • @guydaley
      @guydaley Місяць тому +2

      Praying isn't going to cut it. You should see the lot rents in Phoenix, AZ for mobile home owners. And of course the lot rent makes their mobile home worthless. The lot rent precludes them from ever selling their home. Lot rent is commonly in the $800-$900 range. And of course, its worse in CA, OR, WA

    • @janetalvarez7600
      @janetalvarez7600 Місяць тому

      Amen 🙏🏻

    • @cstuartdc
      @cstuartdc Місяць тому

      You have to THREATEN legislators unfortunately. I don't mean with violence. . .but paint a picture of homeless people all milling about in their hi falootin' business districts, panhandling people on the way to work. Appealing to their sense of right and wrong won't work. Never does.

  • @annerison-g2w
    @annerison-g2w Місяць тому +310

    This is why we have homelessness. And of course, the corporate press is not covering any of it. And the government has been complicit since Ronald Reagan

    • @christophersmith2470
      @christophersmith2470 Місяць тому

      Ummm, no. When I was in my 20's in the 1990's almost all apartment complexes and mobile home parks
      were individually or locally owned. This all started under W Bush in the early 2000's and Obama did NOTHING
      to stop it when he took the reins.

    • @5thdimension954
      @5thdimension954 Місяць тому +9

      It goes way back before that. Obviously you didn’t read 1984

    • @imilliemedina666
      @imilliemedina666 Місяць тому +12

      Way before Reagan

    • @Professor__S
      @Professor__S Місяць тому +7

      In the future tiny homes and pod buildings like they have in Japan will be the standard of housing.

    • @OldHeathen1963
      @OldHeathen1963 Місяць тому

      ​@@Professor__S
      Reagan ruined everything.

  • @MsMoneyonMyMind
    @MsMoneyonMyMind 4 дні тому +1

    This is sick! I’m so disgusted

  • @jamesrusselleriii8284
    @jamesrusselleriii8284 Місяць тому +618

    The worst is when investors buy up mobile home parks and proceed to kick them out, demolish the park, and build luxury apartment buildings on the site. It's happened time and time again in the Salt Lake City area.

    • @willclayborn1220
      @willclayborn1220 Місяць тому +22

      It's happening right where I live in metro Atlanta too

    • @DallaS.88
      @DallaS.88 Місяць тому +28

      Shoot, and in Las Vegas, developers aren't building homes to buy. They are building new homes in large developments specifically to be rented.

    • @ThatsJustPeechy
      @ThatsJustPeechy Місяць тому +50

      And people wonder why the homeless crisis is so bad

    • @shanerogers9386
      @shanerogers9386 Місяць тому +27

      Why is the leadership of these companies still breathing air!?
      Publish their names and addresses

    • @homelessmillionaire1
      @homelessmillionaire1 Місяць тому

      ​@@willclayborn1220where, of Fulton industrial?

  • @JeomaCk
    @JeomaCk Місяць тому +249

    🌹I think the retirement crisis will get even worse. A lot of people can't save because of low paying jobs, inflation, and insane rental rates. And now that home ownership is out of reach for middle class Americans, they won't have a house to retire with either

    • @Quinaline
      @Quinaline Місяць тому

      I completely agree; I am 60 years old, recently retired, I have approximately $1,250,000 in external retirement funds. I am debt free and have very little money in retirement funds compared to the total value of my portfolio over the past three years. To be honest, having a portfolio-advisor for investing is GENIUS! (Alvarez Harry Flectcher) is a Blessing to Me

    • @EthanDavis-c5q
      @EthanDavis-c5q Місяць тому

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    • @Draish-l2b
      @Draish-l2b Місяць тому

      Talking of been successful I think I'm blessed if not I wouldn't have met someone who is as spectacular Mr Alvarez

    • @CharlieLavoie-hu9dr
      @CharlieLavoie-hu9dr Місяць тому

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    • @Brielle77-p4h
      @Brielle77-p4h Місяць тому

      Having a perfect manager like Mr Alvarez has save me alot it's high time I do what's is right and recommend him to vervonel

  • @admhad
    @admhad Місяць тому +181

    This is happening with my mother's community. 1 month after she downsizes into a manufactured home in a 55 plus community north of Pittsburgh, private equity buys the community, raises lot rent by over 40% and starts passing previously covered utilities like water and trash to the tenants.

    • @tw8464
      @tw8464 Місяць тому

      Exactly. That's what the "trickle down" criminals are doing to many Americans. Many elderly are in these parks and are being ruthlessly exploited by the filthy rich and at a time it's hardest where they are on fixed incomes and can't do anything like they could when younger. It's crazy the government is allowing this

    • @eksbocks9438
      @eksbocks9438 Місяць тому +18

      They know that Pittsburgh is inexpensive too.
      Anything to make life difficult for people who are already struggling.

    • @BuildNewTowns
      @BuildNewTowns Місяць тому +9

      Its a messed up world :/

    • @admhad
      @admhad Місяць тому +12

      Yeah, we find a solution to handle her tightening budget, I buy a modular home in a nice community and have it remodeled for her. I was happy to do it so she could maintain her independence and self sufficieny. She moves from her high rent apartment, expecting a $450ish monthly fixed cost and bam, price increase most of the way back to her old rent and I have thousands invested in the building so now we're committed long term. It's like the video said, it's hard to get out of these places without a significant cost.

  • @NYRM1974
    @NYRM1974 3 дні тому +1

    That's why you never put a manufacturer or mobile home in a park situation because things can change with the property ownership and put you in a serious dilemma. That's why as a real estate investor for many years I always tell my friends if you're going to get into something like that put it on private property and you just pay your taxes and try to stay out of a HOA situation

  • @solesticia
    @solesticia Місяць тому +280

    Housing is like eating, it's a basic need.
    What kind of society treats human beings this way?

    • @emmaandersson9015
      @emmaandersson9015 Місяць тому +34

      Your precious United States of America, The land of The free.

    • @SquidCena
      @SquidCena Місяць тому +20

      Corporations and western society treats human beings this way.

    • @KyleEvra-15
      @KyleEvra-15 Місяць тому

      Wage Slaves are nothing but Wage Slaves to them.

    • @priscillawilson2634
      @priscillawilson2634 Місяць тому

      capitalist = literally money before people

    • @alexxx4434
      @alexxx4434 Місяць тому +13

      Capitalistic society, duh!

  • @eksbocks9438
    @eksbocks9438 Місяць тому +190

    Imagine doing everything right for 50 years. And it somehow isn't good enough.
    Always trying to gentrify the entire country. And our country's neighbors too.

    • @MrDCMiami
      @MrDCMiami Місяць тому +20

      "If the American people ever allow private banks to control the issue of their currency first by inflation then by deflation the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered." - Tommy Jefferson

    • @newlife8318
      @newlife8318 Місяць тому +3

      Brilliant stuff! Got any more to post explaining this please?

    • @MsDsGarden
      @MsDsGarden Місяць тому +3

      Imagine doing that for 400+ years w/o pay and still told to just get a job!

    • @JenniferLloyd-h9g
      @JenniferLloyd-h9g Місяць тому

      This isn't gentrification; this is destruction of the poor. These slumlords don't even keep the parks in repair.

  • @arrowhead455
    @arrowhead455 Місяць тому +186

    Storage facilities are the next target. The storage companies are going up $50/unit with only 30 days notice and no reason. Just greed.

    • @cybervigilante
      @cybervigilante Місяць тому +17

      That's because a lot of people are living in storage units. That's not a fiction. I knew a guy who lived in them.

    • @Tipperary757
      @Tipperary757 Місяць тому +9

      Yes, agree totally. People get trapped + storage fees double in 4-6 months.

    • @BlueToronto
      @BlueToronto Місяць тому +5

      Yeah, the greed is insane. I started renting a place in Canada in September of 2021 for about $145 a month. By this year it had gone up to $211. I ended up having to downsize. I just can't stand greed like that.

    • @jeromebreeding3302
      @jeromebreeding3302 Місяць тому +5

      I feel you're pain. Storage facilities raise rent every year, just like apartments. I call paying the rent"paying the ransome" for my possessions.

    • @AlphaJ369
      @AlphaJ369 Місяць тому

      There is a giant one being built right now by Sacramento. They are confirming the housing crash and subsequent foreclosures and need for storage.

  • @MesoJevlar
    @MesoJevlar 3 дні тому +2

    This is called capitalism, and they need less of it to protect its citizens from corporate greed.

  • @tadroid3858
    @tadroid3858 Місяць тому +228

    I managed the manufactured housing stock for a county auditor for 6 years. It won't take much of an increase to push people out of these parks. It's horrible. They are displaced at the absolute worst time in their lives.

    • @thebombu
      @thebombu Місяць тому +22

      Sickening.

    • @Praisethesunson
      @Praisethesunson Місяць тому +14

      Kicking people when they are most vulnerable is monstrous behavior for flash and blood humans. It's also a guaranteed to be financed business model for the corporate persons the courts care about.

    • @rosesmith6208
      @rosesmith6208 Місяць тому +5

      what is sad my hubby worked for almost 60 years paid into the system and they are talking of decreasing social security, I want a refund.

    • @emilyfeagin2673
      @emilyfeagin2673 Місяць тому +5

      And those vultures know that
      And they most likely find it amusing

    • @thebombu
      @thebombu Місяць тому

      @@emilyfeagin2673 They consider themselves superior
      And they fully believe only they're deserving

  • @N2MyGroove
    @N2MyGroove Місяць тому +132

    As a native Floridian, I’ve lived & witnessed this experience, as a renter. What a gut punch after a Pandemic. “Freedoms” my ass

    • @kudanavadmont1242
      @kudanavadmont1242 Місяць тому +9

      Freedoms for the Rich.
      Socialism is a rich tool. They open banks, we put our money in. Banks use our money to loan to other people. Protecting the rich persons money and then lending us our money when we need it. But if there is any sort of error or whatever, depending on the bank you could lose all your money. But the rich person who backs the bank, is fine.
      Rich people get so much for free. They spend a week at burning man, leaving money behind and relying on trade and socialism.

    • @r.paulcooper5195
      @r.paulcooper5195 Місяць тому +8

      @@kudanavadmont1242 Capitalism is the tool of the rich, fool. Capital is wealth.

    • @chihirostargazer6573
      @chihirostargazer6573 Місяць тому +3

      ​@@kudanavadmont1242 Socialism? Really? Socialism is out there saving people from the effects of capitalism. Food banks are socialism....money banks are absolutely not.

    • @kudanavadmont1242
      @kudanavadmont1242 Місяць тому +4

      @@chihirostargazer6573 Banks are not socialism for us. Rich people use them to protect their money with our money.
      "Socialism for the rich and capitalism for the poor" is a classical political-economic argument asserting that, in advanced capitalist societies, state policies assure that more resources flow to the rich than to the poor, for example in the form of transfer payments.

    • @Fishflorida59
      @Fishflorida59 Місяць тому

      @@chihirostargazer6573No it isn’t, socialism makes the elites richer and screws the poor even more. Example: Bernie Sanders, millions in wealth and many mansions all while screaming socialism is the answer! Please 🙄

  • @travist.7279
    @travist.7279 Місяць тому +62

    Corporations and foreign investors should not be allowed to own residential property. Eliminating that, along with "mortgage-backed securities" would go a long way to solving the housing-price problem.

  • @windrider23
    @windrider23 5 днів тому +2

    Don't forget that many pensions are invested in private equity firms. So the very pension check these people receive could be from the firm owning the trailer park.

  • @terrihartbarger
    @terrihartbarger Місяць тому +369

    This is why America has a homeless issue. Corporate greed is out of control!👿

    • @zyansheep
      @zyansheep Місяць тому +5

      Greed is not the problem! Corporations are not the problem, individuals can do this too! The problem the fact that anyone with money can buy land and hold on to it while extracting rent from anyone who wants to use their land. *We need a land value tax to fix this!*

    • @MHolt-t6y
      @MHolt-t6y Місяць тому +13

      Yet we keep reelecting the politicians that serve the corporate lobby money.

    • @SVmathfarmer
      @SVmathfarmer Місяць тому +1

      That’s the foundation of USA ❤❤❤❤. Wealth is created by transferring it from large groups to smaller groups. Socialism is the antidote - but not in USA❤

    • @chucksucks8640
      @chucksucks8640 Місяць тому

      I support corporate greed

    • @nes96
      @nes96 Місяць тому +4

      ​@@SVmathfarmer why are you using heart emojis for this topic ?

  • @Eldoradoredd
    @Eldoradoredd Місяць тому +193

    Did that frank Rolfe guy walk people around that park like they were visiting a zoo??? Bro!!! That's diabolical 😢

    • @eksbocks9438
      @eksbocks9438 Місяць тому +11

      It's just how they are. They don't look like much. But on the inside, they're always upset with the whole world.
      Like a supervillain. If he wasn't able to talk.

    • @lisabrickner6004
      @lisabrickner6004 Місяць тому +5

      I hope Abba Father deals with him soon...

    • @brendalanddeck2
      @brendalanddeck2 Місяць тому

      @@lisabrickner6004 Amen, he owns the park I live in, bought it 4 years ago. Been praying for his soul but it hasn't worked so far, did for a little bit three years ago... Had to pay an extra $654 bill to keep my dog for Christmas last year. I had to buy a $100,000 dog bite insurance for an 8 year old dog that goes outside in a fenced yard under my supervision to go potty for maybe a total of an hour a day. Got her accepted as an emotional support animal (she really is) and had forgotten her vaccines being the 1st anniversary of my fiance's death. So it was suddenly required to have or be fined and charged new pet deposits and monthly pet rent? Was 25 days late on her vaccinations so I think they knew I had a dog and didn't suddenly notice I did like they claimed. I've lived here 15 years with a dog and never had the lot rent double like it has in the last three years. Did write him a letter the 1st year he owned the park and he rescinded the lot rent increase that year. God heard my prayers and had mercy on me and my neighbors. Really had hope he would turn his ways around and stop destroying innocent people financially being greedy. Still reeling over the pay up or kill your pets for Christmas game last year. What a way to say Merry Christmas, pay up or kill your dog in a crowded shelter or be fined to death until you comply. We have window covering fines, parking on sidewalk fines, speeding fines, using the dumpster fines, weed fines, skirting of trailer fines, registration of vehicle fines, parking no more than 2 vehicles fines, yards not tidy, dog running at large fines, and can't remember what else.. oh yes, the new dog fines for vaccines and $100,000 dog bite insurance an inside dog doesn't need, to add an extra Christmas financial burden to the backs of the working poor. Oh my Jesus, forgive us our sins, save us from the fires of hell, lead all souls to heaven, especially those most in need of your mercy. Amen. God have mercy on all the residents of trailer parks that got greedy new corporate owners. God please have mercy on us! Amen.

    • @ianover6838
      @ianover6838 17 днів тому +2

      @@eksbocks9438 I hope someone makes him not able to talk anymore

    • @UwOtt
      @UwOtt 6 днів тому

      @@ianover6838or walk

  • @randykrus9562
    @randykrus9562 Місяць тому +126

    Corporations should not be able to buy homes. Period.

    • @rosesmith6208
      @rosesmith6208 Місяць тому

      well corp are owned by people and people are allowed to buy homes, they will just do so in a different way, the problem is not private equity the problem is with the people who are greedy dont love God or neighbor or Gods standards of right and wrong. who forget we are in the last days of this wicked world. their money will be thrown into the streets when Gods day arrives. people think you face judgement after you die, nope we are in a judgement period right now, judgement is based on peoples response to the Good news being preached and taught right now. people just have not paid attention, matthew 24:14 God evaluates peoples response to this goodnews of his kingdom (government)

    • @robertfrye-kk2qy
      @robertfrye-kk2qy Місяць тому +4

      That would be anti-Semitic; not happening.

    • @danielc6106
      @danielc6106 Місяць тому +6

      ​@@robertfrye-kk2qyWhat are you on? 🙄

  • @Jajamichala-r4y
    @Jajamichala-r4y 5 днів тому +10

    *I lost my job, no family wanted to take me in. Got angry, moved to another city became homeless, got a job as security officer, I was able to invest in forex making $278k.Bought my first house last week. I pray anyone reading this will be successful*

    • @DebraPerkins-r7i
      @DebraPerkins-r7i 5 днів тому

      you're really doing well my finance are in rally in mess right now and great tip will really go along way in shaping my life im open for idea

    • @Michael-x1y1w
      @Michael-x1y1w 5 днів тому

      What a testimony!!! 🙏🙏🙏I'm genuinely curious to know how you earn that much I have a lot of debt to clear

    • @TheresaPearson-x4j
      @TheresaPearson-x4j 5 днів тому

      I work at a restaurant here in Houston Texas. Things have been really difficult as I'm a single mom and trying my best to pay bills and take care of my daughters.

    • @Jajamichala-r4y
      @Jajamichala-r4y 5 днів тому

      I started pretty low investing in forex though with $5k thereabouts. The returns came massive. can't be more proud that I'm right now, and I have move in to my new home (ALVAREZ HARRY FLECTCHER) is a Blessing to my life

    • @_Michel477
      @_Michel477 5 днів тому

      Wow 😲I know this Man mentioned here . Alvarez Harry is really good with and on his job. He has helped a couple of families and individuals' finances, I'm huge beneficiary of his platform too

  • @nicolasbenson009
    @nicolasbenson009 Місяць тому +1339

    The housing market is inflated and oversaturated with homes being on the market with astronomical price tags just stagnant for months. It is very clear that our generation will be likely one of the most devastating bubble pops in modern history. Seeking best possible ways to grow 250k into $1m+ and get a good house for retirement, I'm 54.

    • @ChristianKelv
      @ChristianKelv Місяць тому +3

      I don't think here is the place for personalized investment guidance. However, I suggest consulting with a reliable advisor like Azul to ensure appropriate retirement planning.

    • @ClarkeGriffiny7
      @ClarkeGriffiny7 Місяць тому +2

      I’m closing in on retirement, and I have benefitted much from using a financial advisor. I didn’t really start early, so I knew the compound interest of index fund investing would not work for me. Funny how I pulled in over 80% profit than some of my peers who have been investing for many years. Maybe you should consider this too

    • @ScottKindle-bk3hx
      @ScottKindle-bk3hx Місяць тому +3

      I've been considering getting one, but haven't been proactive about it. Can you recommend your advisor? I could really use some assistance.

    • @ClarkeGriffiny7
      @ClarkeGriffiny7 Місяць тому +2

      Certainly, there are a handful of experts in the field. I've experimented with a few over the past years, but I've stuck with ‘’Sophia Maurine Lanting” for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look-her up.

    • @JohnSmith060
      @JohnSmith060 Місяць тому +2

      Thank you for this tip. It was easy to find your coach on web. Did my due diligence on her before scheduling a phone call with her. She seems proficient considering her resume.

  • @lonelylad9818
    @lonelylad9818 Місяць тому +191

    The problem with this country is that it pretends to fight poverty but actually just fights poor people. It takes away all options for the poor and leaves luxury as the only choice, and nobody can afford it. We tear down cheap "ugly" apartments and build fancy ones.

    • @epursimuove1633
      @epursimuove1633 Місяць тому +4

      I feel like they’re pretty honest about not giving af. Politicians will say anything anywhere but how many people do you know that actually cares enough to do something?

    • @lonelylad9818
      @lonelylad9818 Місяць тому +2

      @@epursimuove1633 They're all villains.

    • @rosethorne9155
      @rosethorne9155 Місяць тому

      And those fancy apartments--excuse me, "luxury condominiums"...they sit empty for years before a few of them get bought up. But the building is NEVER full to capacity...
      (I really think a lot of those building projects are just money laundering schemes, and that city governments are in on it...)

    • @CK-hu8vz
      @CK-hu8vz Місяць тому +7

      Agree. Plus, these so-called "fancy" ones look pretty and shiny but are built with cheaper materials and will deteriorate earlier.

    • @rosethorne9155
      @rosethorne9155 Місяць тому

      @@cygnusaurus They've been doing that over the last 10 years, in the city I live in. 😞

  • @stacyhochstein6145
    @stacyhochstein6145 Місяць тому +91

    This is happening where I live. Manufactured homes were suppose to be affordable housing. Now seniors disablled or retired are facing rent increases that price them out of their homes. Rents so high slow private sales basically trapping us. Seniors are the highest percentage of homelessness and suicides. No one in the U.S. should allow seniors to come to a choice of homeless or suicide. Stop the corporate takeover of affordable housing and give the seniors the dignity to retire without financial ruin.

    • @Ercan-cy3we
      @Ercan-cy3we Місяць тому +6

      Parasites will always look for new opportunities

    • @trudybarnhart2423
      @trudybarnhart2423 Місяць тому +3

      They lease they made me sign says I need to give them 3 months notice before I sell. And pay them 1000.00 if I'm on lease. Which they make you sign.
      Lot rent was 330.00
      Now its 550.00.

    • @stacyhochstein6145
      @stacyhochstein6145 Місяць тому +3

      @@trudybarnhart2423 Thats sad. Greed is the new norm at the expense of those who can't afford. Our lot rent went to 850 and they no longer do yard maintenance or tree work leaving on elder residents who are financially strapped. The street lights in here light for about 60 seconds before turning back off and we have a Cayote problem killing the park cats. They also wont allow residents to go to clubhouse during violent storms here on west coast Florida. New resident pay 1050. in lot rent. It's a sin.

    • @stevrgrs
      @stevrgrs Місяць тому

      @@stacyhochstein61451050 for a mobile home park is insanity

    • @YeshuaKingMessiah
      @YeshuaKingMessiah 20 днів тому +1

      Why do seniors get dignity when poor young ppl don’t?
      Or middle age ppl?
      Old ppl don’t get anything for being old.
      Except here they get subsidized income 🙄 just because they’re old. My aunt got SS and had hundreds of thousands. And she got Medicare! But poor families can’t get any income or Medicaid unless they literally have nothing.

  • @JackieFrame-cy5wi
    @JackieFrame-cy5wi 6 днів тому +3

    Affordable housing?? Lot rent is 600 to 1,400 a month.........

  • @burnindownthehouse
    @burnindownthehouse Місяць тому +126

    I live in a massive manufactured home community. It's a city of manufactured homes. It's an actual city with streets and a sewer system and a government. They're not like old school trailers, they are manufactured homes. There is no lot rent. The lot and home are both owned as one. There are many home owners here, but there are also many renters here, too. So anyway, the rents for these places were like $500 per month about a dozen years ago. But what has been happening is when a homeowner sells their home or they pass away, the home ends up getting bought by a corporation who intends to rent the home out, and the corporation is often a corporation from another state. Then they go into the home and do repairs. Sometimes they do good repairs, but often they just put a new coat of paint on it. They don't fix the roof or put in a new AC or put in new floors or put in new plumbing. Sometimes they might put in new appliances. Then they put it up for rent at $2000. Then a family usually moves in quickly because that family is in a tough spot and can't afford to rent a concrete block home for $3500 per month. So they end up paying $2000 per month just for an older manufactured home which needs repairs. The wages around here are low and definitely don't support that price, so the family sometimes gets evicted after just one year. It's really sad. That situation is common here, too.

    • @one4blondes
      @one4blondes Місяць тому +3

      What state is this?

    • @duckens2001
      @duckens2001 Місяць тому +6

      Who is running the community? Who determines snow removal and community buildings? Do you have a group like an HOA, but for your manufactured home community?
      This "HOA" needs to make rules of no renting. The owner must live on site. (You can rent out a room in your trailer, but you must be present as the owner).

    • @artofgloom
      @artofgloom Місяць тому +14

      Black Rock is in this business. They say by 2030 you won't own anything and you'll be happy. I don't know about the happy part but they aren't fooling around us not owning anything.

    • @justinesorel6325
      @justinesorel6325 Місяць тому +10

      We will soon become generations of refugees in our own countries. It would be better to invest in a campervan than a "mobile home". I can't afford to retire. If I'm lucky, I'll work till I drop. I have this constant feeling of dread and an urge to sell most of my possessions, in order to lighten the load (the way a pilot jettisons fuel when there's the chance of a crash).

    • @JenniferLloyd-h9g
      @JenniferLloyd-h9g Місяць тому +1

      ​@@justinesorel6325 Everything you wrote is exactly how I feel 100%. I have this urge to drop all the balls I'm trying to juggle in the air. This feeling of dread is overwhelming and I sometimes wake up at night choking. It's fast becoming impossible to even exist anymore. I've begun letting go of thoughts of things I believed I needed. My life has whittled itself down to food and shelter and medicine. When something like shoes wears out, I'll buy a cheap pair. I'm learning Depression Era cooking. Waiting for the bottom to fall out though.

  • @EcoFarmFL
    @EcoFarmFL Місяць тому +232

    They profit off of people's pain and still manage to eat and sleep well..hmmm..sounds like demons to me.

    • @GeorgeJefferson-h7w
      @GeorgeJefferson-h7w Місяць тому

      That's why you see all these ads on tv for sleep medications. They can't sleep. Some are addicted to making money and can't take a break to sleep. Other's can't deal with what they've done but can't stop. The love of money is the root of all evil.

    • @PhantomCookie87
      @PhantomCookie87 Місяць тому +11

      You got that right.

    • @Fancysymbol
      @Fancysymbol Місяць тому +10

      certainly not human

    • @PhantomCookie87
      @PhantomCookie87 Місяць тому +8

      @@Fancysymbol certainly pure evil

    • @emilyfeagin2673
      @emilyfeagin2673 Місяць тому +13

      They congratulate themselves for being smart and hard working instead

  • @TheCrimsonRanger
    @TheCrimsonRanger Місяць тому +307

    A company like this had my grandmas bank account on auto-pay. They charged her rent this month, after she had already passed. The private equity firm that owns the park took extra time processing the title so they could charge a dead woman who survived off social security and food stamps.

    • @christophersmith2470
      @christophersmith2470 Місяць тому +47

      That's pure psychopathy

    • @pm8617
      @pm8617 Місяць тому +31

      That's criminal. Go get the greedy b's

    • @Resultsnottalk
      @Resultsnottalk Місяць тому +30

      The lowest form of life.

    • @privateAcc0unt
      @privateAcc0unt Місяць тому +21

      That is disgusting pure evil. I am sorry for your loss.

    • @justinesorel6325
      @justinesorel6325 Місяць тому +22

      I'd say they are vultures but that would be an insult to vultures who perform a valuable and necessary role in this world. Perhaps parasites? The world has become so atomised and transactional.

  • @pha2623
    @pha2623 14 днів тому +1

    Here in the Uk we have an equivalent, it’s called Leasehold. It could be a caravan or a house or a flat but the land it’s on is privately owned and ‘leased’ to the owners of the property.
    Exactly what is happening to you is also happening to us!
    If you can afford it don’t buy a leasehold property.

  • @Nick-fi1mc
    @Nick-fi1mc 27 днів тому +97

    "there is no American dream anymore, it's just survival"
    Wow, she hit the nail on the head

    • @meganann3876
      @meganann3876 18 днів тому +2

      That hit me hard too.
      Have you ever seen ‘Requiem for the American Dream’?

    • @Nick-fi1mc
      @Nick-fi1mc 18 днів тому

      @@meganann3876 I have not

    • @meganann3876
      @meganann3876 18 днів тому

      @@Nick-fi1mc I can’t share a link but you can watch the trailer. Noam Chomsky can be controversial but ‘Requiem …’ and ‘Manufacturing Consent’ are unbiased topics.

  • @BestoftheBest-oz4ei
    @BestoftheBest-oz4ei Місяць тому +98

    Not just for housing...look what Private Equity Firms have done to once beloved companies like Sears, Toys R Us, etc. The come in, saddle the company with debt that they can never repay and then pick apart it's carcass bit by bit!

    • @beachdweller3378
      @beachdweller3378 Місяць тому +11

      Right on. And the bankers give them the money to do it as well.

    • @lazerrhino
      @lazerrhino Місяць тому

      ​@beachdweller3378 and our govement bailed out all of these shitty companies during the pandemic. Not even the govement cares.

    • @lainiwakura1776
      @lainiwakura1776 Місяць тому

      No, K-Mart killed Sears through mismanagement, that wasn't private equity.

  • @lynnjr457
    @lynnjr457 Місяць тому +63

    I have been saying it for 2 years, the single biggest thing we can do to free up affordable housing and get a handle on a rental prices is to push private equity out of owning single family homes. I'm not a huge fan of government regulation, but this is one place I would have no problem setting a boundary that only private individuals can own single family homes, and even then there should be a reasonable number of homes you can own.

    • @christinek2182
      @christinek2182 Місяць тому +7

      I agree- large corporations should not be allowed to purchase single family homes and small investors should be restricted to the number of homes they are allowed to own- we had a man in my town owned 450 homes and they were all shitholes- there needs to be some regulating with this

    • @Nachoeverywhere_
      @Nachoeverywhere_ Місяць тому

      Funny to see “freedom fighters” talk about socialist measures. Capitalism is not perfect. It only leads to greed and rich accumulation.

    • @mavic2175
      @mavic2175 Місяць тому +4

      Same thing with healthcare.

    • @biner01
      @biner01 Місяць тому

      But then GDP would go down... and apparently GDP going up means our economy is doing well.

    • @adeeperlook5866
      @adeeperlook5866 Місяць тому

      Agreed. Agreed. Agreed.

  • @replicant_7774
    @replicant_7774 Місяць тому +83

    Evidently my comment got deleted. My park in Tampa was purchased a year ago. They doubled my rent from $580 to $1300. The owners never fixed anything, and neither do they. And now we can’t move because the cost of living here is so high, we can’t save money to.

    • @missdesireindependance5194
      @missdesireindependance5194 Місяць тому

      You may have to sell and get an apartment.

    • @JenniferLloyd-h9g
      @JenniferLloyd-h9g Місяць тому +1

      They're slumlords. Isn't withholding rent legal until repairs are addressed? This is really sickening. Also, if you can move, it's possible the same thing will happen someplace else. It seems like they're buying up all the mobile home parks.

    • @dees900
      @dees900 28 днів тому

      S1300 as per Canadian standards is suddenly considered cheap. Imagine how horrible canada is...

    • @rogergardner7740
      @rogergardner7740 22 дні тому +1

      Apartments are just Prisons with a Pool

  • @herbert6611
    @herbert6611 Місяць тому +49

    I’m 43 and disabled, I draw $943.00 a month. I can’t afford a rent, I’m sleeping on someone’s couch. I’m terrified of being homeless yet I’m heading that way. The cheapest rent in my area is $1,200.00 for a trailer, I can’t afford that! “ There’s no America dream anymore, all it is survival. “ she nailed it!

    • @Kattakam
      @Kattakam 28 днів тому +4

      Does your brain still function? Are you creative or smart enough to do more with your life than watch tv or sleep 12 hours a day. Can you support your community to gain new friends and skills? I lived in a rented room for $400 in the military because my family was in a different state. I had to pay all the taxes and rent for that area and pay for my small bedroom just to support our government to keep everyone safe. I had no car and barely enough to eat on - luckily the base had a food court which I lived off $10 a day on food. I did this for a year because I had to. Today I have pain pump and spinal stimulators and still have to provide. How I did this and continue is I don’t watch TV, I don’t go out, I just work and come home in extreme pain, work using my brain on projects. What happened in the past sucks but it had to be done. Today I know what I did helped countless others to live in a free nation. So take the money you get for free, and work to better yourself.

  • @marilyntaylor223
    @marilyntaylor223 Місяць тому +42

    Greed and Freedom are opposite each other in life. People can't even live in America right now. This era of US narcissism must come to an end.

  • @JoshuaArnold-ic9jg
    @JoshuaArnold-ic9jg 25 днів тому +1052

    Housing crisis, health crisis, financial crisis, cost of living crisis, debt crisis, inflation crisis, Middle East crisis. How many crises can we endure? As I approach retirement with a solid financial cushion, I'm anxious about a potential banking crisis. Is private equity a good option to grow my money securely? Any guidance in this regard would be much valued.

    • @williamJohnsonq8f
      @williamJohnsonq8f 25 днів тому +2

      I would advise the counsel of a seasoned financial pro. It may seem expensive, but as the old saying goes - "you get what you pay for" "Expert solutions require Expert providers" - my mantra

    • @AaronTilt
      @AaronTilt 25 днів тому +4

      Agreed, investing with the help of an advisor set me up for life. Retired with about $1.6m in stock portfolio only. I worked hard everyday as a teacher for 32 years, and my salary was over 100k annually. Supplementing my income with stocks and alternative investments helped me by far beat the retirement age before 65.

    • @camille_ann3
      @camille_ann3 25 днів тому

      I've worked in real estate for over 25 years and have neglected a major stock portfolio. This served me well when I was flipping and renting houses, however I need a different plan now.. mind if I look up the professional guiding you please?

    • @AaronTilt
      @AaronTilt 18 днів тому +1

      The advisor am currently working with is Judith Lynn Staufer. I came across her in a Bloomberg interview for about five years now, and her performance has been consistently impressive.She’s quite known in her field, look her up.

    • @Joeknowsball247
      @Joeknowsball247 18 днів тому

      excellent share, Just looked up her name and spotted her consulting page ranked top. after reviewing her credentials i reached out to her.

  • @leslieannvanhumbeck7630
    @leslieannvanhumbeck7630 Місяць тому +107

    I'm Canadian, but I hate this world. It's so cruel and greedy. I want to get off.

    • @Jtpokeymon
      @Jtpokeymon Місяць тому +8

      A men brother it's absolutely terrible

    • @Funlady8890
      @Funlady8890 Місяць тому +6

      I agree
      too bad it is not like before in the 1900
      Where people helped each other and where everything was safer

    • @cg4646
      @cg4646 Місяць тому +6

      this has happened in Canada as well..most rent in almost every "city" has doubled in less than 10 years .homeless issues in canada is a major issue and government is paying lip servise to fixing it..this Private equity stratagy is happing in most western countrys now.

    • @BurleyBob0010
      @BurleyBob0010 Місяць тому +4

      A world changing event is coming!

    • @Halfpastlife
      @Halfpastlife Місяць тому

      @@BurleyBob0010+1

  • @maritzadillingham4008
    @maritzadillingham4008 Місяць тому +102

    This is horrible ! It needs to stop ! Greedy corporations! Shame on these private equity firms! Shame on you!

    • @Fat12219
      @Fat12219 Місяць тому +3

      Maga money 💰

    • @marvelouslife1309
      @marvelouslife1309 Місяць тому

      I don't know if you've noticed, but Republicans today, they don't know that word. Or ethics. Or morals. And the Republican voters don't know the word decency as well

    • @hello-im
      @hello-im Місяць тому

      Its not surprising since most of the CEO/share/investor holder either jew or chinese.

  • @dianas1252
    @dianas1252 20 днів тому +1

    The people causing this are not human

  • @DavidMoore987
    @DavidMoore987 Місяць тому +104

    I'm 54 and my wife and I are VERY worried about our future, gas and food prices rising daily. We have had our savings dwindle with the cost of living into the stratosphere, and we are finding it impossible to replace them. We can get by, but can't seem to get ahead. My condolences to anyone retiring in this crisis, 30 years nonstop just for a crooked system to take all you worked for.

    • @GottaStenberg
      @GottaStenberg Місяць тому +1

      I feel your pain mate, as a fellow retiree, I'd suggest you look into passive index fund investing and learn some more. For me, I had my share of ups and downs when I first started looking for a consistent passive income so I hired an expert advisor for aid, and following her advice, I poured $30k in value stocks and digital assets, Up to 200k so far and pretty sure I'm ready for whatever comes.

    • @BobVienckowski
      @BobVienckowski Місяць тому +5

      In the 80's my Dad worked a modest job, Mom stayed at home and raised the kids, and they lived a nice middle class lifestyle including owning a home. Nowadays both I and my partner works and can barely afford to make ends meet. Soon the kids and family dog will need to work to keep this household going. It's the destruction of the American dream right before our eyes.

    • @ChrisOBrien1171
      @ChrisOBrien1171 Місяць тому +1

      If you are not in the financial market space right now, you are making a huge mistake. I understand that it could be due to ignorance, but if you want to make your money work for you...prevent inflation

    • @NorwoodGuernsey
      @NorwoodGuernsey Місяць тому +3

      I was a late bloomer, but Tracy Britt Cool Consulting, my financial advisor helped me bring it all together and got me into crypto. Now retired for 6 years at 72, my managed portfolio with Tracy generates about 9k a month on average more than my RMD on my retirement accounts. Not real big, but together with SS we're able to live reasonably with 160k a year. While being mortgage free.

    • @NorwoodGuernsey
      @NorwoodGuernsey Місяць тому

      She is really a good investment advisor. Was privileged to attend some of her seminars.that's how I started my own crypto investment

  • @briaf3370
    @briaf3370 Місяць тому +55

    Despair and homelessness running rampant throughout America

  • @dpatton924
    @dpatton924 Місяць тому +141

    More Perfect Union... Please do a story on this situation: I live in a rent restricted 55+ apartment complex in Stafford, VA. Bought by Blackstone and now the rents are going up crazy every year. Many people have already had to move. Idk who has ended up on the streets. No end in sight. 😢 We don't even know how to check to see if they are raising rents above the restrictions. Most of us live on SS and/or are disabled.

    • @07wrxtr1
      @07wrxtr1 Місяць тому

      Yet - women will happily marry these private equity losers….
      Nothing has changed since Adam & Eve

    • @IMeMineWho
      @IMeMineWho Місяць тому +7

      Call your city government. Vote. Attend your city council meetings. A lot of times, companies if they are checked by the city, can be in big trouble if they evict seniors or the disabled.

    • @dpatton924
      @dpatton924 Місяць тому +3

      They aren't evicting. People are just leaving because they can't pay the rent anymore. As l said, many are disabled, including myself. Idk if I have the mental, physical, or emotional wherewithal to pursue meetings or to be an advocate for all of us. That's why I was asking them to do a story on our situation.