Real estate investment groups are buying up an increasing share of houses and renting them out – in some cases to families who had dreamed of owning their own homes. According to one report, in January, 33 percent of all homes purchased in the U.S. were bought by investors. One family tells NBC News’ Antonia Hylton that the situation makes it challenging to save up and “get out of the renting game.” Proponents say rental companies are giving those who can’t afford to buy a home the option of living in a traditional house. » Subscribe to NBC News: http://nbcnews.to/SubscribeToNBC
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#wallstreet #homes #realestate
Wall Street-Backed Companies Buying Up Single Family Homes
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i often get letters in the mail from investors looking to buy my home, i think it's mainly the land that they want, my property value has literally doubled in the past 10-15 years
So what happens if all Americans stop renting from Wall Street and every American homeowner opened their doors to renting out extra rooms to these families? We need a financial revolution against corporations and investors who are destroying our American dreams.
every one had it tough in life
This is what happens when you create a quasi-religion centered on worshipping CEOs and cutting all their taxes, which started with Reagan.
“You’ll own nothing and be happy”. That’s the motto they’re pushing for the future. They don’t want you owning anything in the future. No car, no home, etc. Just want you to be working 24/7 and renting. It’s happening…
Rent an apartment and not a house. Just let all these houses that these investment companies are buying up remain empty. As long as they get profits, they will keep buying up all the houses and renting them out. It’s disheartening that these real estate investment companies are allowed to buy up all the homes and then rent them out.
Say good buy to home ownerships.
Sorry, that house is no longer for sale, but you can rent at 5,000 per month for one year only and things can change later on and will have to move out.
No regulations, corporations pay top dollars on campaign contributions 😉 😜
Sick everyone should stop looking and let those folks lose money
That's what happens when people sellout the neighborhood to investors
You will own nothing and be happy.
This is why. All of our stock going down everyday.
Should be a law against this 🐂💩
My 28 yr old son is trying to buy his first home. To know what he’s had to overcome to even get to this point is a story in itself. But now he’s been outbid (and/or lost out to cash offer) THREE times in the last 10 days——all corporate investors. Lubbock, Texas. [single family homes; $200K range]
AMERICA…LAND OF GREED!
Keep corporations out of purchasing single family homes and condos. Families can’t compete and the drive for profit will make normal people suffer. CEOs of these companies should be prosecuted and thrown in jail.
Never understood why people work backwards. You're supposed to get the house and then have the kids.
Ok if you rent from these A O don’t pay them and trash the place.
American Dream seems more like Corporate America to me.
The solution is simple, increase property tax for every property owned that is greater than 1. I just checked home prices in "fishers indiana" and those homes are way overvalued. They should just move somewhere else. No way a home is worth 400k+ in a place like that lmao.
This system is just one big plantation
I've tried 5 times to get a home and each time I was out bid by $50k in full cash payments by corporations. I wont even bother trying again, will just stay in my cheap ghetto apartment an use that money to go on vacations or such.
This is a major problem for the USA. Wall Street companies (and foreigners) should not be able to buy family homes. Period.
Raise property taxes and give a discount to owner occupied.
America needs better laws
My American dream is keeping a job I absolutely love. Screw getting in debt for a house someone can build half the price the professionals charge.
Oh well it's the American way deal with it.
Not good.
"NRHC member companies own just a fraction of the homes…"
Interesting way of putting it. Not giving an exact percentage, "just a fraction."
Well, 99/100 is also a fraction, and that's almost all of them.
"To all homeowners with any decency left do not sell to investors sell it to a family that can make memories in a home you gave em!"
Is this some kind of new form of indentured servitude?
This has to stop. It is ruining the US. Owner occupied homes and no foreign investors. Guess Biden is busy with more important things to pay attention to where people will live.
dont buy it from them. they lose business.