Wall Street Firms Are Now Buying Up Family Homes

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Producer: Dagogo Altraide

[acorgiwithacrown]

Take a look at Ireland, companies buy up dozens or hundreds of houses at once then rent them out, its creating a housing crisis.

[flywingguy]

I put out 12 offers before I got a call back and the lady who sold us the house only chose us because she was aware of this issue, she actually had a cash offer from faceless Corp but decided to choose us anyway! So thankful but it is ridiculous out there

[cosmicgamernews]

Denmark have been battling Blackrock buying RE in Copenhagen for years.

[PershingOfficial]

They talk about a struggling middle class and yet they allow these companies to outbid people who need these places. Really sick and tired of companies outdoing even cash offers. It’s not normal and shouldn’t be considered a new normal.

[briancorbie]

"It's a big club and you ain't in it."
George Carlin

[mcwolfpne]

When you are bailed out for every failure, you have money to burn of course

[strky]

In Munich, Germany, Realestate prices are so out of control, that only huge companies can even to buy even small apartments.
As a result rent has exploded to levels where people are unable to move out of old, long lasting contracts. even if they get kids.
An easy example: i rented my place 5 years ago. Since then the exact same apartment next door has become available. The rent they are asking is about 4x as much as I pay.
The issue is that existing apartments are now "renovated" by force so contracts get invalidated.
All in all every property in a 1 hour car or train ride has exploded in "value" and rents in completely unrelated rural areas are skyrocketing.
One can see the same scheme starting in other german cities right now.

[gregorycross]

When the market crashes they will expect the government to bail them out ...

[Codex-Ast]

The only thing necessary for evil to triumph is for good men to say, "it's just business".

Sweden prime minister just lost his job today, becorse he suggested that there should be no limit for rent increasing in new common rent out apartments/houses.

[UnflappedAcorn]

Can't wait to rent my Amazon Home with a free included Prime Membership.

[DillonLoomis]

Centralized power is a problem. Banking, politics, big tech. This is headed for a disastrous ending. The world needs power to be given back to the individuals, ASAP.

[shashanktripathi]

This scared me more than all the new covid variants

[realBeltalowda]

Saw this coming after your how money is created video that discussed how central banks owned some 80%+ of Japan’s stock market.

[tmorrison]

Shit is about to hit the fan. We are headed for a depression that will make 2008 look like child's play.

[benjamin]

I bought a house in a mid-sized City in the Midwest (Ohio). This was all pre-pandemic so things might have changed. We looked at houses everyday for almost a year. Every morning I would find a house I wanted to look at, I would tell my agent, agent would get back to me at the end of the day saying that someone had paid cash, and well over asking price. This was a regular occurrence. Any house that we did actually get to see, was swiftly bought up in the next day or so, before I could even get an offer in. My agent tells me it was outside investment firms in NYC, California and other places who are purchasing these homes. We simply could not compete and it was INCREDIBLY draining. We finally found a house that was flipped by a local company who did not want to sell to a big firm. Basically we only got our house because one person decided not to make as much money as they possibly could. Its a pretty shitty time to be in the market.

[ComradeMeow]

"You will own nothing, there will be no privacy, you will have no rights and you'll be happy about it"

[mattvalon]

Same in the Netherlands. It's getting way out of hand. We always get outbid between €25.000 and 100.000.

[woodbrettm]

Dagogo: "How far will this go?"
World Economic Forum Agenda 2030: "You will own nothing, and you will be happy."

[akali]

Yes, this has been happening in the UK, more specifically London for over a decade.