American Dream Stolen By Corporations

MetLife Investment Management predicts that institutional investors could control 40% of U.S. single-family rental homes by 2030, a significant increase from the roughly 5% they held in early 2022. This surge in institutional ownership follows the single-family rental industry's expansion, which began with government backing after the 2008 financial crisis. Lawmakers, including Rep. Ro Khanna, have criticized the role of private equity and Wall Street in this market, emphasizing concerns over housing affordability and the transformation of potential homeowners into perpetual renters. The industry's defenders argue their market share isn't large enough to influence rental prices significantly, despite notable rent increases in Sun Belt states. However, with rising housing inflation and the potential for a market correction, some companies might reconsider their real estate investments, indicating a complex future landscape for single-family rentals in the U.S.

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[kburkes]

Here's how I know it's investors buying up homes: When I was thinking of selling my home last year, the realtor flat out told me that if I didn't want to go through the process of putting it on the market, they had investors who would buy it. So corporate investors can gobble up houses before they even hit the market! I've already decided if I do sell, it won't be to an investor, even if I have to sell at a discount. I want a young family have the American dream ❤

[Aud_the_Odd]

Private equity is basically ruining everything at this point. Nursing homes. Dental care. Hospitals. Etc.

[jefferykeeper]

The US government is not going too stop this because they are getting a kick back from the cooperation

[Joey-fsro]

And this country slides a little farther down the cliff into total slavery by the corporations... And this is only the beginning. There is no end to the greed. 😒

[PlasmaBurns]

I was thinking of buying a tool shed from Home Depot for a few hundred dollars and selling it in Florida for 350k.

[kanenomoja]

“You will own nothing and be happy.” And, by “happy” we mean destitute and miserable.

[justliss]

Corporate America always ruins the American dream.

[princessmarlena]

This is why many young people have given up. No home, no livable wage jobs, no marriage, and no families.

[red_hobbit]

I keep flashing back to a 60 minutes episode of a hedge fund manager saying, "You can RENT the American Dream" 🤦‍♀️😤

[rbnallen]

I live in Ohio and I own my own home. I keep getting letters in the mail saying so and so would be more than willing to buy my home. Nope. I refuse to sell to them. I knew they were private investors.

[kathyslage]

Private equity is THE PROBLEM. what are we going to do? Our politicians won't help. I am so down about the future.

[Shoibyrd]

I was the highest bidder on a home. I was so excited to have my first house! But a "business investor" came along and offered 30k less, but was paying out cash. They won the bid. I am devastated as this keeps happening in my area. The worst part, the home sat empty for 2 years before they put any work on it then sold it for a 200k profit.

[markbrzezinski]

The problem is that "parties" running for government accept donations!!!!

[Jenjenn]

It’s about time someone is talking about the real issue. How else can inventory be low, prices rising, but no one can afford a home? Who else is buying these homes? It’s sickening!

[ninaninabonita]

This should be required viewing for every American citizen today.

[easybeautybyniccolebordino]

It is TRUE! It’s unfair - it’s a big problem. They will if our gov. doe not step in and stop them.
Dream home finders built a small subdivision of town homes in my community, they never hit the market. The developers sold THE ENTIRE subdivision to an investor. The investors will rent all those new homes small families like mine were hoping to buy. The rent $2100-$2500 a month in a community hat hit by the recession and full of unhoused people. I rent an apartment in a building across the street from the community homeless shelter
. Our government is allowing corporations to steam roll citizens into poverty and homelessness. America is a disgrace. A 3rd world county in a Gucci belt. Our government taxes us to death and does nothing to provide for our basic needs. I don’t think I’ll be able to retire here.

[uk]

just live out of your car and eat $7 boxes of shrinkflated Kellogs cereal. The New American Dream.

[Hectorszenshopedc]

it is called MONOPOLY for whoever finished schooling

[davidknightx]

I've LONG given up on home ownership. My plan is to save 20yrs and buy a small patch of land (homelessness is starting to become illegal). Then put up a very nice tent (at worst) or manufactured home on it (at best). If I can't afford to pay it in full, then just getting the tent.

Time to wake up people. The dream is dead and we need to start preparing yourself for the fact the civil oligarchy is in complete control at this point. It's not about prospering; it's about surviving.

[frankisawesomee]

I don’t know how they think this is right. You cannot have someone always rent forever because then they won’t be able to afford rent when they are older. If you’re 70 and still paying rent on a fixed benefit amount you simply cannot do that.