How Wall Street Priced You Out of a Home | Robert Reich

Rent is skyrocketing and home buying is out of reach for millions. One big reason why? Wall Street. Let me explain.

[Susanhartman.]

Keep in mind that during the 80’s people were encouraged to save due to the interest rates. Right now there’s very little incentive to save because those who are saving are watching those who are reckless taking it in. I’ve been trying to save for a home and it’s been discouraging to watch prices continue to not budge because there’s people willing to get into a mortgage where they’re paying 40% of their income. It’s insane.

[Riggsnic_co]

I believe the retirement crisis will get even worse. Many struggle to save due to low wages, rising prices, and exorbitant rents. With homeownership becoming unattainable for middle-class Americans, they may not have a home to rely on for retirement either.

[forgotn]

It should be illegal for corporations, hedge funds, investment firms, etc to own homes. Single family homes should be owned by people who can actually live there.

[austinbar]

In the USA, individuals living in cars due to partial homelessness result from a complex interplay of factors. High housing costs relative to income, stagnant wages, and income inequality drive this issue. Job loss, weak social support, medical expenses, evictions, and lack of affordable housing also contribute, while systemic problems and inadequate policies further perpetuate the phenomenon.

[mkst]

PE is also buying up trailer parks, finding elderly owners eager to sell, doing minimal upgrades and jacking up lot rents. This is truly a sign of the ragged edge of peak capitalism.

[hegyak]

Corporate Greed will not be stopped.

Because Corporations pay for laws that protect them.

[jackcarraway]

Another huge problem is Airbnb. If corporations aren't buying houses to rent them out, rich individuals will.

[josephg]

No wonder rent prices have soared in Colorado, especially for one-bedroom. The cheapest for a one bedroom might be 1300-1500, and that's too expensive. We need to get Wall Street out of the housing

[Jupiterfunk]

Robert is a warrior for the common man. We need more like him.

[tonysilke]

Prices are too high. With rates not subsidised in ’24 and mortgage still high, currently seeking alternatives to maximize savings without an RV move or taking a loan. I’m seriously contemplating the latter.

[tckoppang]

This makes me so furious. We really, really need to start protecting actual, physical human beings ahead of corporations and investors. And not just in housing.

[LagoLhn]

The US government must intervene. This is obvious and it is leading to a dystopian hellscape for individual buyers. Certain asset classes must be shielded from these unethical hedge funds.

[UtubeAW]

No Hedge funds, no foreign investors in single family home mkt

[SeanTalkoff]

It is difficult to make exact projections for the housing market as it is still unclear how quickly or to what degree the Federal Reserve will reduce inflation and borrowing costs without having a substantial negative impact on demand from consumers for anything from houses to cars.

[heatherdunham]

What’s also so disheartening is that in our area even locally owned properties are being rented for outrageous amounts “to keep up with the market.” A one bedroom that is only 700 sq feet total shouldn’t be $1700 per month.

[tenossos]

I get bombarded with mail ads from investors wanting to buy my home, plus endless ads on TV from investors saying "we'll buy your home".

[Kritiker]

One detail that gets left out of this video is that nobody who buys a home wants to be surrounded by homes that are rental properties.

[CesarAnton]

It's not fair, regular people cant compete with a corporation when buying a house, corporations will almost always have better credit options and cash reserves.

Corporations should not be allowed to rent properties and even private citizens should have a limit on how many homes can be owned for renting otherwise this will keep happening.

[embeddedude]

We need more people like Robert Reich. He is a righteous voice in the wilderness right now. Nobody else seems to care about what's happening to our country today.

[siobahnhurley]

Take personhood away from corporations as well.