This is forcing people to rent homes instead of buying homes.
'You will own nothing and you will be happy'
If the price is out of reach for more people, wouldn’t that naturally depress prices? Maybe not
Blackrock is your landlord.
Happened in 2008, as a consequences of Clinton regulating banks as well.
“You will own nothing. And you will be happy.”
In a HEALTHY housing construction market, they can only price people of owning when there’s no more room to build.
Cars are next.
Again.
We have here a GOP issue that will reach nearly every middle to low income voter.
You are over the target... Leslie Stahl is projecting the great reset...and likely getting paid very well to project it.
I wonder how the world look like if you don’t own anything. Everything is rented. People may feel less secure. Would it make more people lean to the left politically?
The road to serfdom is paved with evil intentions.
I can tell you for fact that's happening here in HELLINOIS.
I make over $200k/year and at 60 years old I'm effectively priced out of the small to mid-sized home market. Everything that's 1500SF, 3BR, 1.5ba ranch home is approaching $400k. It's ridiculous.
I'm making the decision to stay in the townhome I purchased just over 4 years ago for $220k that's actually LARGER than what I'm looking to buy. Physical issues are pushing me towards single level living which my townhome is not. I'm going to have to find a way to make this work until prices come down and interest rates go up so I can be a cash buyer again.
65.5% of Americans own their home. That is a high level, though not the highest. The highest happens right before crashes.
I owned 8 rentals, and I sold every one of them. Who says those corporations are going to just own those homes forever? They are going to sell them it fits their plan.
They are affecting no one but bloggers whop write fear-porn daily.
Note to self: don't even THINK about trying to buy a home in any of these areas.
Losertarians: “If you don’t like it, then start your own trillion-dollar hedge fund with sweetheart tax breaks from state and Federal governments!”
With the price of rent sky-rocketing, most people aren’t going to be able to rent a home either. Just a small apartment living on top of another small apartment. You will own nothing and you WILL NOT be happy.
If the economy continues on it’s current path, you will soon see families combining into one household. Not just single older adults moving in with their parents, but entire extended families having to share a home. Then, they will just have to hope they can manage to maintain and pay the taxes on THAT one residence. Homelessness is about to rise and it is not going to be due to drug-addled dead-beats.
(Maybe their models assume home price appreciation, indefinitely. I'm skeptical of this happening, if the Fed raises interest rates because of inflation.)
If it's cheaper to buy something, buy it. If it's cheaper to rent something, rent it.
If only there was a government program to make houses cheaper, with a slogan like “we make the American dream affordable” or something. Then housing would be inexpensive and we wouldn’t be having this conversation.
This idea that mean corporations are ruining the housing market is lefty clatrap.
The idea that word “corporate” is bad comes straight out of anti-capitalist lefty playbooks.
Stop listening to idiots and creating boogie men. We have enough real ones! Those corporations are going to sell those houses just like everyone else. And they won’t hold them as long as the average homeowner.
*rolls eyes* renting is ALWAYS more expensive than owning, always has been always will be!
Because the landlords don’t OWN the homes, they have mortgages, and thus to make a profit they have to charge more than that + expenses.
So as the price of homes goes up, rents go up. Not the other way around.