Loading ...Thanks for the news. It’s about time they did something. It is a Marxist move. WEF YOU WILL OWN NOTHING. Not the same as a individual even with that amount. Also foreign buying outbidding locals. Even with private buying when it comes to that doctor can cause a problem when they sell. A wealthy Japanese man bought up about 100 homes in one city and then sold them before the crash of 08. Perhaps he knew something.The problem was all of a sudden all these people at once had to find another place to live. The court mandated he give them more time since so many were going to be looking within one city. One difference was he was very affordable and one single mother renting a house said it would be hard for her to find a house that affordable.
As far as cars if they didn’t start losing value soon as you drove them off the lot you can bet the greedy would look to buy them up Also business have had to answer to Congress for monopolizing and hurting other businesses including Gates. That’s what they’re doing with housing.
It’s not just blackstone.
- Cash Offers: These companies often use cash to buy homes quickly, outbidding individual buyers, as seen in markets like Atlanta, Phoenix, and Dallas.
- Market Impact: By removing homes from the owner-occupied market, they decrease supply, contributing to record-high home prices and rising rents, making homeownership less accessible.
- Community Changes: The influx of corporate landlords can change neighborhood stability, as renters move more frequently than owners, affecting local businesses and schools.
- Market Share: While some reports claim these firms could own a significant portion (e.g., 40-60%) of single-family rentals by 2030, others note their current market share is smaller (around 5% of all single-family rentals), but growing rapidly.
- Political Response: This trend has led to calls for government action, with figures like Donald Trump proposing bans on institutional investors buying single-family homes to make housing more affordable.
- Vanguard’s Role: Vanguard, along with BlackRock and State Street, is frequently cited as a major player in this trend, though they also invest in other real estate through vehicles like Real Estate Investment Trusts (REITs).