Lesley Stahl reports on how lack of construction in the 2010s has created a nationwide housing crisis, and opportunistic Wall Street firms have stepped in.
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Times are changing. Homes owners are just targeted by government for a steady stream of taxes. My last home I owned, there were parcel taxes, bond measures every year jumping my property taxes. Idiot voters believe slogans like “ Save our children” so government can build new schools because they have not invested enough over the years! Instead the government throw billions at black holes like homelessness non profits and pension obligations for their employees.
Stop immigration! Millions are coming adding to the demand!
This was two years ago and nothing has changed? Wait it has gotten worse 😳
I hate this…
Imagine now. 2 years later. Marker is gonna crash
Sell all rental units for primary resident market price.
Building is not the answer if the values of those built are still out of reach for those who 20 years ago could qualify for a mortgage.
Someone needs to petition the government to make this illegal.
This is so wrong smh taking homes away from people is disgusting
This is needs to be illegal!!! 😡
You can rent the American dream 🤮🤮🤮🤮
These corporations buying swaths of homes then charging ridiculous rents should be criminal. Keep eyes on your townships and make sure they know not to approve deals like that..keep them out of housing rentals
So we have this and China buying up our farm land. What’s wrong with this country! Pull up your big boy pants and fight this.
Something must be done. We need REGULATIONS to avoid Wall Street from speculating with the American Dream
Women's are on your own prideful women's self entitled and their own actions
Yes amen to that brother s
Captain obviously doesn't have any better idea of a tiny little brain of something like most people like pooky servant's servant's see ds
USA–GREEDY, GREEDY, GREEDY
His eyes tells it all, 😢
When capitalism starts to eat it's own tail, they come after what's left. I guess the rest of Corporate America will have to get in line for what ever is left after we pay the rent.
The bottom line here is how capitalism as an economic system works. Those who are rich are fanatical about becoming richer, and the very rich want to become billionaires. They do not care about the misery they inflict on others. This is why every few centuries revolutions happen, like it or not.
I don't think that guy has a conscience.
Regulations…this is when we need it. Stop corp from buying up homes and instead invest in building new homes, condos, and apartments
And this is why young Americans have a very different feeling about the economy today.
Make it illegal for corporations to own homes unless they built the home.
Thankfully, many of us millennials have decided not to have children. We'll need to hope that Gen Z and Gen Alpha do the same so that future generations can live more comfortably.
You cannot build your way out when of the crisis when you allow corporate to buy all of the sizes glen family homes including new builds.
Man. I lucked out in 2020. I got to buy a home with a VA LOAN. Now in 2024, I realize I was stupid lucky.
The young don't want to work and save to buy a home, they think it should be given to them😂😂😂😂
CROOKS!
This makes me so angry that I couldn't even finish the whole video…. EVERYONE involved in this just openly admits to it. Because when it comes to actually fixing a problem like this, it'll take years and years… All while they make enough money for their children's children's children to go to college and retire comfortably…
It's time to make laws which limit corporate and foreign ownership of US real prpoerty.
So mad i want to run for president lol
This guy has NO idea what people want! Why don't you go use this strategy in Canada, eh?
That's more than any mortgage payment I've ever had!
8:33 your renovations don’t justify 35% increase in rent. You people are laughable.
They're doing this elsewhere, not just the sun belt. My son and his fiance put an offer in on a house and someone came in with a cash offer the next day, so they lost the house. They are younger Millennials and WANT a house.
And now Blackstone just bought out Tricon for $3.5 billion. We’re doomed
These are truly opportunitists.
What are their profit margins?
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