#homesales #realestate #realestatemarket #YahooFinance
Yahoo Finance’s Alexis Keenan details how homeowner groups are taking action toward blocking investor home sales.
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@joebiden @potus should block foreign investors from buying US homes, for a few years at least, just like Canada has.
THESE INVESTORS ARE USIND FED MONEY AT NEAR ZERO RATES
Its pretty messed up that investors can outbid families who are trying to find shelter for their families. I understand small time investors buying a few homes here and there but hedge funds who have corporate strategies to make money off of your shelter is messed up. corporations cannot buy up all the food and sell it back to you for more because its a need and they own it all. that’s price gouging. I’m surprised housing and shelter does not fall under those same laws.
It should
you are not entitled to a house…
If you have a 401k there is a good chance you are one of the investors you complain about
@Joy Austin yep, all these companies like vanguard and others directly invest in REITS to diversify. How do people think they can the money? it doesnt just come out of their ass
Time for legislation to stop corporations from buying residential real estate
Time for legislation that prevents homeowners from
Stopping housing construction.
@tkhemjinda the people need to rise up and change the laws to our benefit, that what a democracy is all about
Every American should only be allowed to buy one house and only if they are single married couples only allowed to buy one house problem solved
A better solution would be a vacancy tax. They’ve done this in Spain to keep people from acquiring a lot of property and then just letting it sit unused.
We have 16 MILLION vacant houses in the US (12% of all houses), being deliberately kept off the market to artificially inflate rental and sales prices.
A vacancy tax of 5% of the assessed value of the property would push the owners of this vacant properties to rent or sell them.
What investors buys HOA properties?
City government is enough HOA for this investor
@CensorshipAgainstThe MiddlePath hoa can actually make it a safer investment because the neighborhood is likely to be better kept nicer by HOA so better chance of higher appreciation . You can always right off HOA as predictable expense.
@alfeo cayabyab still eats margins and I’m antgovernance.
@CensorshipAgainstThe MiddlePath true. Part of running a business
They tend to maintain their value.
Y’all are about 2 years too late…they’ve bought all the homes
True
They own well under 1% of all single family homes. They owned only about 300k single family homes as of last summer. On the other hand, small time investors own over 16 million homes, which is fair enough, as folks need homes to rent. Where do you people get your information from?!
@Jesse They will keep buying, it’s money making machine for them. The buy, the rent, they also package as MBS, and the Fed buy unlimited amount. It’s just a sweet machine for them.
Can’t co-sign on this. Next thing you know they’ll write some language about the “type of people” they allow to buy into the HOA.
You can’t discriminate when it’s a corporation, they’re not people.
@Niya_gb Island This is a form of discrimination. Plain and simple. Investors are made up of individuals too, not just corporations.
Great move from HOA for long term prosperity in the community.
The refinance scheme of last 25 years is ending, anyone who has paid off their house will be fine. Those that have been refinancing are screwed , they will lose everything next 5 years and be future renters. About 40k people will own EVERYTHING in the end including the sewers bridges and roads
What do you mean by those who have been refinancing are screwed? Even those with a fixed rate?
He’s assuming everyone will lose their job in the recession.
Isnt this against capitalism? no one should be able to stop corporations from buying things from the free market. I hate how the people of america are greedy that they want wages, and salary for their work from corporations, yet when corporations wants profits and to invest in houses, they complaint. People of america is really greedy, and reminds me of the people who want politicians to work for charty and wages much much lower than CEO’s of public listed corporations, despite steering a large ship larger than corporations. I think houses are for those who have worked hard and can buy houses from corporations, not a right. freedom is a right, houses is not. if you have no money, rent.
I disagree they should not be allowed to buy food water shelter
Housing is not a free market. I can’t build where ever I want, there are zoning restrictions, water rights limitations, urban planning departments, etc., that greatly restrict the amount of homes that can be built in any given area, and what types of homes as well. So, priority needs to be given to people, not corporations, to buy something so restricted.
My dude, we arent in a free market and haven’t been since before you And your great grandparents and their grand parents were born.
The local county govt luv the appriasal & also the realtors, they are top lobbyists -meaning they bribe congress to keep Fannie running. I doubt there would be any changed unless there is some form of big riots.
HOA’s are parasites.
What happens when renters dry up tho lol
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I will never sell to an investor ; only real families … investors have deep pockets and access to plenty of cash , they should be building new condos instead of buying single family homes .
Exactlyyyyy. That should literally be a law institutional investors should only be allowed to invest in new builds because that’s what’s needed
Yes, this is amazing..
this is a symptom of wealth inequality
Symptom of fiat currency
@Hows yamotha keep speaking truth, idiots will pick up on it one day
HOA has it’s own problems
With what’s going on now in the states investing in homes instead of apartments should not be allowed! Every family should be allowed to buy only one house problem solved
Nah.
I wish media would stop attributing this to the pandemic. A pandemic would not cause a huge surge in the stock market. Only government putting its thumb on the scale for the rich can do that.
If investors keep on buying, 100 % more and more homeless and income inequality will get worst and worst. It will be unfixable. Need some kind of new legislations TODAY , not tomorrow or next year
hoa lock up period never works
“But look”
Bias to low income people that can’t afford to buy a home
Good! Sick greedy bastards need stopped!
how about whites only rules…..
The norm was to build new and not buying resale. If the government don’t ban extreme house hoardering then the people will take action