In other news, grass is green. Water is wet

@Omar_Zazzle

20 күн бұрын

And your love letters to Dylan Mulvaney have lipstick stains on them.

@DisposableEgo

20 күн бұрын

...and guess where your lipstick stains are

@23calvken

20 күн бұрын

@@Omar_Zazzlesounds like someone has too much interest Mulvaney

@silentmajority8365

13 күн бұрын

Uranus smells

What you expect when corporations and investors now own around 30% of all homes.

@martyhen

19 күн бұрын

I think you mean 2% haha

@martyhen

19 күн бұрын

Corporations own 2%.

@jesse_-

19 күн бұрын

That’s because there is demand in the rental market. The shortage stems from policy that address the 2008 financial crisis. Wall Street reform and consumer protection act of 2010 really messed this up long term, as it made it more difficult to procure home and building loans, with resulted in about a half million less homes being built annually. After about a decade of that, we are about 4-5 million homes shorts as the largest generation hit their prime home buying years. There are other factors in evolved with high prices, but this is the biggy. You vote for the political party that did this, you have absolutely no right to complain about the high cost of housing.

@nickcalderone75

19 күн бұрын

You are correct! In our area, many many many single family homes were bought up by corporate companies and real estate rental companies. They have raised the rental prices to unaffordable levels and home prices for sale have literally almost doubled. This has priced out the vast majority of family buyers.

@dianethompson3483

19 күн бұрын

THIS IS the biggest driving force. Foreign buyers (AND our government who allows the loopholes which they benefit from) who usually buy housing they turn into profitable slums. During the pandemic they realized they had a slew of inventory they could slum/profit convert! Our laws allow domestic housing abuse, foreigners are just taking advantage of those same lax laws. I dislike Desantis, but applauded his decision to restrict foreign land purchases! AND funny thing is, Americans can't do this in other countries! AND I'd bet there's a US govt official or two profitting from keeping THESE lax foreign housing and land purchase laws alive!!!

Tax the poor. Give breaks to the rich. Enforce strictor zoning. Hike inflation. Dont build affordable homes. Im amazed we have this problem.

@DoctorWonka

6 күн бұрын

More like, taxing the middle class.

Back in the day, when I purchased my first home to live-in; that was Miami in the early 1990s, first mortgages with rates of 8 to 9% and 9% to 10% were typical. People will have to accept the possibility that we won't ever return to 3%. If sellers must sell, home prices will have to decline, and lower evaluations will follow. Pretty sure I'm not alone in my chain of thoughts.

@valeriepierre9778

14 күн бұрын

If anything, it'll get worse. Very soon, affordable housing will no longer be affordable. So anything anyone want to do, I will advise they do it now because the prices today will look like dips tomorrow. Until the Fed clamps down even further, I think we're going to see hysteria due to rampant inflation. You can't halfway rip the band-aid off.

@edelineguillet2121

14 күн бұрын

Anticipate rising home prices due to inflation, potential economic fluctuations, and Federal Reserve actions, emphasizing the need for expert financial advice amid uncertainties.

@bernisejedeon5888

14 күн бұрын

I need a guide so i can salvage my port-folio due to the massive dips and come up with better strategies. How can one reach this advisor?

@edelineguillet2121

14 күн бұрын

Her name is “Sharon Marissa Wolfe’” can't divulge much. Most likely, the internet should have her basic info, you can research if you like

@yolanderiche7476

14 күн бұрын

I just googled her and I'm really impressed with her credentials; I reached out to her since I need all the assistance I can get. I just scheduled a caII.

We are being priced out by large corporations that are buying houses.

@debrariat6884

11 күн бұрын

they wouldn't buy the houses if population were stable. corporate house buying is speculative. close the border. the US population is stable without illegal immigration. housing cost would become stable. no profit for corporations

We didn’t need a study to know this

@DoctorWonka

6 күн бұрын

Exactly!

Really? We needed another “study” to come to this conclusion? How about fewer studies…and more solutions.

@ShayKMBR

20 күн бұрын

The only solutions are laws. We need laws enacted that stop corporations from buying single family homes and no person or entity owning more than 10 single family units. We need greed caps. Rising minimum wage that matches inflation. Etc.

@jesse_-

19 күн бұрын

@@ShayKMBRwhenever the gov meddles, costs go up for the average person. That is a fact! If you look back not too long ago, the Wall Street and consumer protection active 2010 was put together, which caused about a half million homes to not be built every single year. That is the major reason we have a shortage of houses which intern caused housing crises to spike when the largest generation ever, came into their prime homebuying years. of course there are things like inflation, but the demand due to the shortage is the main reason for the housing prices spiking. If you vote for the party regulation, you lost every single right that you have to complain about high housing costs.

@tbd6963

19 күн бұрын

Why would they fix it? Would hurt their home values

Thanks for the international corporations that can still afford to buy with cash.

@OGamputee

20 күн бұрын

China buying mass sections of land doesn’t help.

@P2B_JC

20 күн бұрын

The bigger thanks is to the thousands of homeowners that belong to the boomer/X generations that sold out their kids' and grandkids' futures to make an extra buck by selling to investment firms.

@TorukMaktoDracarys

20 күн бұрын

Interesting because they've been buying for Decades, but yet Donkeys giving 10 Trillion to top1 %donors who are now worth fifty% more gets a pass from y'all even though groceries &$helter are now30 %more. Go figure

@TorukMaktoDracarys

20 күн бұрын

Yet they've been buying for decades without issues, yet a pass for DonkeyDonors worth50 percent more, interesting 🤔

@silentmajority8365

13 күн бұрын

millions entering to compete for homes close the border

There are numerous studies that show there are 14 MILLION homes vacant due to institutional investors as well as speculators asking too much for rent or selling price. We don't need to create more multi-family housing or drastically change zoning laws because those new homes will end up being vacant due to the same institutional investors asking too much for rent. Leave our neighborhoods alone.

@ct6852

19 күн бұрын

How do they let them just sit empty like that? And why?

@buzzard1013

4 күн бұрын

@ct6852 they were able to afford to sit on it and hope for a good return on their investment but due to the economy slow and high interest rates that hope has turned to pessimism. Now prices are starting to be cut but it’s a little too late. The economy is only worsening and interest rates are only rising.

Don't need to do a study to know this........

I lost my housing twice during the pandemic, and then couldn't afford the skyrocketing rents anymore, so I ended up buying an old Toyota Sienna minivan to live in.

@jesse_-

19 күн бұрын

Nice! Congrats on your first home purchase!

@johnnybgood3909

18 күн бұрын

You showed em whos boss

@ladyinquisiteur92

16 күн бұрын

I stay in my car too! By myself and I have no help. I have a son in foster care now. It's a Ford Taurus and me being big a big girl don't help. Would love to know the things you do to get by.

@silentmajority8365

13 күн бұрын

Pandemic caused by open borders millions of home taken by those crossing open borders

@Neppy1414

11 күн бұрын

i bought a van too, because i know as an older single American woman... homelessness is imminent.

Can’t even afford apartments

@user-sc9lr6kz8t

19 күн бұрын

It's a sad state of affairs when people that are renting are unable to save for a down payment due to high rents. I lucked out and bought my first home 5 years ago before rents skyrocketed.

Companies buying real estate

@jesse_-

19 күн бұрын

Wall Street reform and consumer protection act 2010 was the start of a major housing shortage due to those regulations. Now, if you vote for the party that is responsible for that, you have lost all rights to complain high housing costs.

@enochbrooks633

19 күн бұрын

The company that owns our home is American based and owns thousands of homes across the country. Eat the rich.

We live in a plutocracy... there, I answered it for you. It has nothing to do with the pandemic. Housing prices have been ridiculous for the past 40 years.

You needed a study to come to this conclusion?

Corporations buying up entire neighborhoods doesn’t help. Loosening codes does very little if corporations or investors just buy them up do add to their asset collection. Maybe reserve homes for owners who actually live in them. What a concept.

@buckeyedav1

6 күн бұрын

I was just thinking that, homes can not be sold unless the homeowners agree to live in them. In recent years every house in my neighborhood has been bought by Rehabbers or investment companies from out of state who then sell or rent them for crazy high prices. Maybe build single family homes for First Time Home Buyers and homes must be sold back to the state and sold again to another First Time Home Buyer or Senior Citizen that way we can keep a tighter leash on the market, it could be done. Anna In Ohio

1. End foreign ownership of all homes and land in the US. 2. End corporate ownership of homes. 3. Try to fix the insurance industry. 4. Build smaller homes. 5. Build more land efficient, dense, row homes and condos near downtowns. Our path to home ownership was a bit brutal. We bought and lived in and fixed up really distressed homes. And we did the remodeling while working full time jobs. We weren’t flippers as we lived in the homes for years. But each time, we came away with significant equity. We worked a lot of 70 hour weeks. Buy actual books on carpentry, cabinetry, plumbing, electric. KZread helps. Some pro’s actually respect do it yourselfers, and will help you plan your wiring project if you respect them in turn and pay them well for their expertise!

@sandman.38

20 күн бұрын

+Respect

@nickcalderone75

19 күн бұрын

Very well said!!! ❤

@heyaisdabomb

12 күн бұрын

Here in San Francisco, the solution from every mayoral candidate right now is BUILD BUILD BUILD, but at the same time, it's estimated by our own city government that 1/3rd of homes are vacant foreign owned. The biggest problem is unlike most other countries, we have let houses be speculative assets for foreigners to invest in. The problem is those in charge, own houses in this city, and the last thing they want is their house price to plummet.

@buckeyedav1

6 күн бұрын

Nailed it 100%. Anna In Ohio

@1:52 laughed out loud when hearing the guy said homes have higher quality now than in the past

@eddenoy321

21 күн бұрын

Fer real ....what a load of BS

@jayce8001

21 күн бұрын

A full container ship full of BS for sure. Watch Cy the home inspector. It is like a plague from all builders in all states they are in.

@jul.escobar

20 күн бұрын

that's hilarious

@paulsanchez214

20 күн бұрын

Most homes built before the 1960s didn't have central A/C, they had one electrical outlet per room rather than 5-6, they had 1-2 bathrooms rather than 3-4, and homes tended to be smaller, etc. Things that were luxuries for homes a couple of generations ago are now standard, which means costs to build go up.

@DarkRider1768

20 күн бұрын

​@@paulsanchez214Standards bring prices down. Don't buy the BS.

Now buying a house turned American dream to American nightmare.

Give corporations billions in free dollars and price of living goes up. Corporations take and take.

@heyaisdabomb

12 күн бұрын

But whose going to create the JERBS?!?! MERICA!

It’s amazing these news stations don’t discuss the fact Wall Street now owns 25%+ of all real estate. Not the only reason for housing prices to skyrocket but a main factor.

No one looks at Havard as experts anymore.

@ryanr5182

20 күн бұрын

Yeah its all about those You Tube experts for you folks now a days. Pseudo intellectuals who grift you and then set your localized stupidity on the rest of the country.

But we need to focus more on Israel, Palestine, & the Ukraine. Thats more important than the housing crisis in our own country.

Breaking news the sky is blue

@ebonynerd

21 күн бұрын

🎯 facts, where have they been?

Yet nothing is being done about it..

@TruFilmProductions

19 күн бұрын

Absolutely nothing by the government to fix this.

Many are starting to be priced out of housing period.

@michelledelfrate1014

20 күн бұрын

Not just housing - life in general! Many of us can not afford medical or dental care anymore and mostly just do without until an emergency arises!

So Harvard had to do a study to confirm what we already know

Thanks for catching up on what everyone already knows

In today’s news: Dogs bark & water is wet.

I have ZERO confidence in any lawmakers making any positive changes. Period. It’s just going to get worse from here. 😢

CBS, 4 years behind reality.

WHAT TF ARE WE DOING?? We made all these incredible strides in technology and innovation FOR WHAT??? The Earth had enough for everyone's needs!

@Tourian

18 күн бұрын

profit for shareholders

Not sure we needed a study to prove that.

Since the 60s?? Stop talking and start doing! Damn!

I'm hearing so many people my age (30-40s) who have been in the workforce for awhile but still have to rent unless we're with a partner and have dual income and even then its not a guarantee. A lot of people have basically become resigned to the fact that we're unlikely to every be able to own a home. We'll be renting until we're dead.

Almost like car-dependent urban sprawl and zoning regulations that create only low density single family homes lead a situation where we don’t have enough supply and an increase in traffic. WE NEED HOUSING DENSITY AND MORE MODES OF GETTING FROM POINT A TO B.

It's the same in Europe

I live in a smallish city in central TX. Population is about ~20K, median income is less than 40k a year. We had a California real estate firm buy up homes and now renting them for $1800k a month..what's funny is those house are just sitting because no one can afford them. The homeless population has increased and my town has no shelter or resources to help. Pretty sad world we live in.

@SunflowerSunset

18 күн бұрын

If no one is in them, shouldn’t the price decrease soon? 😢

@chriscastillo4634

7 күн бұрын

@@SunflowerSunset one would hope. I keep an eye on it and it's been vacant now for 6 months. Rent is still 1800 last I checked a few weeks ago

@JS-vj6rm

5 күн бұрын

It is very sad and evil what is taking place throughout our country. I live near Wichita, KS and rents have increased a lot here too after COVID.

In my neighborhood in Chicago foreign companies are buying up all the apartment buildings and charging stupid high unaffordable rents. Then the money we give foreign landlords goes offshore to their own countries. Dubai is one of the biggest offenders.

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@Philip0128

20 күн бұрын

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@JohnsonAlima

20 күн бұрын

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@Georgesam385

20 күн бұрын

trading under proper guidance remains the best way to succeed in today's crypto market

@shayelynne

20 күн бұрын

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@GeorgeDickey-rw4hj

20 күн бұрын

Yeah, $50k from Robert Marion, looking up to acquire a new house, blessings 🙌

Then who is being priced in….foreigners?

oh we have been. its just affecting higher incomes so now other levels are being affected. Like its new or something. Ha - its just higher income brackets turn to fall. Welcome - we've been here.

Feel bad Americans are now going through this as well :(

Blah, blah, blah.... let's create a study to hide the obvious fact that price fixing by corporate private equity in the rental market is responsible for the outrageous prices.

While I feel fortunate to have been able to have bought a house, I feel for my kids and their generation. It's truly a steeper climb to get into the "American dream." I've already told my adult son that I'll help him with the down payment, and I should start planning for my daughter when she gets older.

Who else thinks that the only fix for housing prices is to prohibit “Blackrocks” from buying single family houses?

This is one of the biggest issues facing Americans and will continue to be so for many years.

Ohh, it took a study to figure this out?? 🤣🤣

I've lost about $5,000 this year, so far because of hour cuts. Then everything is still getting more and more expensive. Very bad economy.

Never would have guessed

What are the politicians and the builders doing about this emerging tragedy - young people cannot afford homes?

High Speed Rail for commuting could solve the problem by developing affordable housing within a 30 min train ride from high paying jobs.

@Showyouaroundme

20 күн бұрын

Everything else but the real issue...you qualify for congress! Congrats.

Make it illegal to own more than 3 properties.

It's definitely alarming to hear about a default cycle, especially in the context of the housing market. Defaults can lead to foreclosures, and that has a cascading effect on the overall real estate landscape.

@ryan_dylan6650

20 күн бұрын

While it's concerning, it's important to look at the broader economic context. A default cycle doesn't necessarily mean the housing market is completely finished; it might signal challenges, but markets are dynamic, and they can recover.

@danialwiren2403

20 күн бұрын

But if more people are defaulting on their mortgages, doesn't that mean home values could plummet?

@luigijohson6732

20 күн бұрын

Yes, that's a possibility. An increase in foreclosures can lead to an oversupply of homes in the market, putting downward pressure on prices. It's the basic principle of supply and demand.

@patricia_nura3378

20 күн бұрын

How can people address concerns about their property values?❤❤❤

@luigijohson6732

20 күн бұрын

Now might be an ideal moment to reevaluate your financial status. If you're worried about your home's value, consulting a real estate professional or financial advisor could be beneficial.

solution: move to an area that has cheaper homes like Oneida County New York median home price $192,000 payment $1,200 a month. A beautiful upstate New York area where I grew up. These homes are out there, just do some research.

Really, this is news to me., Good job in finding something nobody knew so far.

Your title explains why it's a mess. It shouldn't be a MARKET.

And of course the competition for housing by immigrants... Not to be overlooked, when there is such a huge influx of economic immigrants to the US (and all other developed countries).

You know I love to see these reports confirm what is already known. Report on something we don't know I😂😂😂

@DebbieOnTheSpot

20 күн бұрын

Ep. stien island

4:20 That's a bigger factor than some people realize. Americans have fairly large homes compared to most other developed countries. Sure there's plenty of land still, but is it near enough to the city for people to want to live there? The opposite is happening in China now with their focus on highrise apartments, now there are way too many of them.

Corporate greed and Government delusion....best economy ever Joe!

Block corporations from buying up single-family homes. Also Force the sale of single family homes that they own.

They had to do a study to realize that?

Stop wanting to buy a home. It’ll go back down once ppl stop playing the game. They are taking advantage of future home buyers. All these homes are wayyyyy over priced rn. Not worth it. Move back in with friends or parents

Corporations should not be allowed to own so much of the housing stock. Real estate should be geared toward individual ownership.

@Grandcathedral

14 күн бұрын

Ok buy plenty of rich people 10 or 20 homes. You can't tell them what to do with their money it's very unamerican

Always another crisis to worry about 🙄

Outlaw companies from being able to buy single-family homes. Outlaw anyone from owning more than 4 homes for ANY reason. If they want an investment they can buy stock!

Solution, 1st time home buyers get rates at 3%

It’s incredibly depressing that the dream is truly dead… it’s like it was never alive in the first place

Shocking. Never thought of that. 🙄

How do you create and insert graphics into a video like this?

But Biden said everything is great and looking up. 😂

See what happens when you let business and foreign investment groups to invest in housing

Why are they acting like this is something new? Been like this for years now. Greed!

Nobody needed a damn study to know this. Little timmy up the street could tell you this

Inflation = devaluation of the dollar. Thanks, Joe!

Thank you Black rock you treat us so well

Added regulations that are unnecessary.

Guy is smoking the good stuff.. it's simple, housing has become a speculative commodity by investors

lotta rentals are owned by immigrants and foreigners who charge maximum level just because they can- its also a way of gentrifying certain areas and taking back the country as well as making sure the country clubs dont get overcrowded

How is this news. Its been reality for a long time

Hmmm… I would argue that homes built today are higher quality. Many construction defects. Especially in fast growing spots like Arizona.

Soooo….. people want the one thing in low supply that everyone else wants, and nobody wants to sell

@jacobnapkins1155

20 күн бұрын

Actually sales have dropped to great recession numbers and inventory has been increasing

@SlavTiger

20 күн бұрын

@@jacobnapkins1155 simply put all prices are inflated to unreasonability, and the investors dont want to sell at a loss, so we have all this real estate rotting on market

What a revelation!

The boomers noticed!

New homes are not near the quality as the old ones

no shet, we didn't need a fancy new study to figure it out

I wonder what role deregulation and tax cuts may have played in all of this?

@GotoHere

20 күн бұрын

Tax cuts make homes more affordable. Deregulation makes homes more affordable. Record inflation and high interest rates make homes unaffordable. IE Biden is a complete failure.

Wow, the news is so late to what everyone on the internet and social media have known for years…

Blackrock is the biggest donar of the Democrat party

you should tell them the truth, before they find themselves living in it

Rents are outrageous. Affordable in the most undesirable of places! DON'T WANT TO LIVE IN TRUMP STATES.🖕

Ya'll complaining about the news reporting on this because it's obvious to the public... But how do you think the issue is ever going to get solved if the problem isn't discussed? Ya'll just gripe about stuff without understanding the bigger picture. The news reporting on this issue and studies demonstrating the problem is better than it not being discussed.

Cancel all of the debts, public and private; put $20,000 in every American adult over 18's pocket, and I can guarantee you the economy will boom and there will be an increase of people who will be finally able to afford rent and a security deposit. It's a pipe dream though.

This is not breaking news

Probably best not to let people walk into the U.S. from other countries. It's going to increase the demand for housing thus increase the cost of housing... Amongst other things.

A NEW study? This has been going on for years already. Some of us who can't afford rent in the US left the country years ago to avoid living in our cars. Thousands of Americans are trying to stay abroad and more will leave after the next election. This story is a waste of time and they should have reported on something else

Thanks for spending the time to study this experts. Now we know water is wet

Everyone stop buying houses! Price will plummet in months.

@claireconover

20 күн бұрын

thats unrealistic. there are new families out there who need a home… and rent is so expensive, a few might be wise to just buy a home instead.

I have 110k for a downpayment and I remember the sacrifices to make it there so I'm not ready to throw it at a crap house that the owner paid for 200k less just 5 years ago. I'm limited to condos and towmhomes in ATL and the HOAs sometimes make the mortage higher than a house. Its ridiculous how the government hasnt stepped in to address this after they have fumbled the bag with housing since 2000.