Longtime homeowners are fighting back a troubling new trend: corporations buying up single-family homes and converting them into rental properties. Once serene neighborhoods are now seeing poor upkeep and criminal activity. And with high demand and low inventory, first-time homebuyers are being priced out by the investor invasion backed by Wall Street. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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#HOA #RealEstate #Housing
Home Owners Associations Are Pushing Back Against The Investors Buying Up Houses
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Urgent Alert !! Supreme Court and DOJ are compromised!
since January 6 2021 not one single Republican lawmaker has been held accountable for their insurrection actions. they will win re-election if not arrested and they will cause more chaos. Put an end to the Trumpist Republicans
The world has greater peril from those who tolerate evil, like the DOJ, than from Trump and his fellow insurrectionist! DOJ Garland is ending democracy by not prosecuting Trumpist.
Civil Contempt For Trump, But Trump Has Not Been Indicted
1. the DOJ really wants to let Trump go
2. DOJ Garland is afraid of what might happen to himself
3. DOJ Garland is afraid to do his job and wants others to Pursue Trump in Civil Court
DOJ Garland
promised to hold Trump insurrectionists accountable, but he has not done so for the insurrection leaders and he is not cooperating with all other justice departments.
Garlands plan is to wait out the clock so he can say, oh we just couldn't get to it in time.
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…
We have a invasion of short term Airbnb rentals in our neighborhood it’s really destroying our neighborhood sometimes they’ll have 11 cars on the weekends at these houses, it’s terrible
What are we going to do for most who don’t live in a homeowners association?? I never liked the idea of them telling you what you can and cannot do or have on your property but this one aspect might be helpful for those involved in one
Sew the hoa
Contact thier liability insurance
Fake fears get $500k
The hoa members are the real estate agents
It's how Berkshire Hathaway grew so fast
Who doesn't love the American Nightmare of trying to own a home nowadays 🤣
so face this facts first , blacks are their own worse enemy.
Home owners association crying foul when they aren't the one f@$%king the poor guy.
Fighting the same in our hoa. Our rules however require 80% of the community to vote. Tough but doable. Trying to require that rentals have landscaping management.
Not a fan of HOA's because rules are usually petty but I like to give credit where credit is due. These HOA's are on the ball & good on them for standing against these deep-pocketed fatcats who have no concern for the community & just care about the almighty greenback. It's about time we fight back!
Lol these “Wall Street” guys are Democrats…….makes me sick that people vote for this!
Add one more to the list of how millennials are getting screwed.
That expert is not that knowledgeable. I lived in Condo Association in Bradenton FL from 2002 to 2012 when I owned a condo there. The Association there had a 10% rental cap on the 89 units in that condo Association.
Non sense from Investors, HOA should do that.
Time someone grows a spine and stands up
These initiatives aren't Fair?
… but allowing indiscriminate Investors to buy up houses and driving up rental prices is fair?
Ridiculous.
As one of the many Americans priced out I like seeing this! I think allowing up to 47% of rentals (noted in the report) is still too high though, more like 10% and only if the owner has 3 properties or less would be better. That may seem drastic but unless we seriously flip the narrative from renting to buying there simply won't be enough inventory even when the market opens back up. There is a real housing crisis and it's not just an affordability crisis, it also has to do with inventory. There's too much greed in the market and not enough other motives helping to stabilize and sustain real estate in a way where the value of homes are not over or under inflated. Just my opinion, but a home should not be treated as a stock investment.
They are concerned about their community.
Say no to HOA
Finally people are talking about this.
2:15 His lips are moving but I'm not believing it. Lol
Omg…. It’s the same!! Someone telling them who to rent to and someone telling me what I can do with MY body!!
Oh, poor Wall Street investors, being discriminated against by the little guy. My heart is breaking for them. Good for you guys!
This is a easy problems with all increase inventory. Wait a minute that would mean we need to build more homes if only we had known this a decade ago oh wait we did I wonder why we didn’t build more homes than. If only we had known this 20 years ago wait a minute we did. So why didn’t we Bill Mahomes again?
The problem is we’re trying to have our cake and eat it too. We want to see those super high gargantuan increases in equity from owning a home and there’s a sure fire way to do that. Limit supply. Are we doing limited supply boosted equity like crazy but it created another problem we don’t have enough homes for everyone oh and the other problem of prices people can’t afford. What happens when you build more homes supply goes up demand comes down prices come down oh nobody wants to see home prices go down no that’s a negative economic indicator. We have one of those issues like we created in 2008 all over again we juiced our real estate market on techniques we should’ve never gotten into we should’ve allowed things to occur naturally instead we chose to force certain conditions on the market now and it looks spring back into something more natural we don’t want to allow it to do so.
Can you blame investors for jumping into this market you aren’t going to build more homes and we can buy them will make our money back in 10 years plus extra why would you not get into this. What equity company wouldn’t want this. It makes total sense unless of course we do the unthinkable and actually build homes but again what homeowner is going to say I’ll take the hint Biltmore homes I don’t want to see the property value go up as fast.
Wow. Good for them.
Good for the HoA. Help bring sanity back to the housing market.
HOA are a scurge in a community, so are the big corporate investors buying up houses. They don't leave much opportunity on the table for the little guy to buy a home for rental property.
When I pay the HOA and they take a year to fix the neighborhood pool, they need to be fired. That anti investor rule is anti American
Yeah they're ripping the people off big time should be a law against it. Cap the rent.