America's Looming Housing Crisis

[Dzali OG]

It's about to get spooky for people in poverty.

 

[CouldntBeMeTho]

Currently trying to buy a new house in Florida. Prices are double to triple what they were.

I'm bidding against zillow, open door, and a bunch of people moving here from other States.

I'm talking houses being snatched off the market in one day, two days max. Everyone is paying way over the asking price.

The thrifty in me, is telling me this is temporary. But something is telling me this is bigger than we think. This is a wealth transfer!

If you're not making at least 30-40 per hour type money...you're not going qualify for a home loan! You will be a permanent renter.

These HF and investors are buying all these houses, and they're not renting them for $800 anymore like you were able to find just last year. $1200 minimum.

It's going down!

I suspect something big is going down as well. Now with what Zillow Is doing is going to forever change the game. American property is going to be bought up by the wealthy and corporations exclusively.

 

[concise]

They should have dedicated more time to this in the video.

 

[Oldschooler]

Biggest scam are HOA fees. At the end of the day the number one thing people look at is how much can i afford to pay per month with my lifestyle. HOA takes a huge chunk out of affordability and they don't bring much to the table. I don't think it's wealth transfer i think it's inflation from all the debt we are in. Housing is one issue where I'm for more government controls such as not allowing foreign buyers, higher taxation for multiple properties, etc. Housing shouldn't be looked at as an asset to speculate on.

 

[Dzali OG]

Biggest scam are HOA fees. At the end of the day the number one thing people look at is how much can i afford to pay per month with my lifestyle. HOA takes a huge chunk out of affordability and they don't bring much to the table. I don't think it's wealth transfer i think it's inflation from all the debt we are in. Housing is one issue where I'm for more government controls such as not allowing foreign buyers, higher taxation for multiple properties, etc. Housing shouldn't be looked at as an asset to speculate on.

Naw, this isn't inflation as far as the housing market goes. This is point blank investors buying every house they can.

I had a house that was only worth 80k last year, I just sold for 180k. And I can honestly say it was only worth 80k lol. It needs complete rehab, roof and all. Them buying it for 180k let's me know they plan on selling it for 250k minimum. They didn't even do a good inspection on the house.

This is something else breh...I feel it.

 

[EffYou]

It's about to get spooky for people in poverty.

About to? When have poor nikkas ever been comfortable...lol

 

[EffYou]

Naw, this isn't inflation as far as the housing market goes. This is point blank investors buying every house they can.

I had a house that was only worth 80k last year, I just sold for 180k. And I can honestly say it was only worth 80k lol. It needs complete rehab, roof and all. Them buying it for 180k let's me know they plan on selling it for 250k minimum. They didn't even do a good inspection on the house.

This is something else breh...I feel it.

Damn....

 

[Uitomy]

If the government don’t step in and regulate these corps and criminals then most people only hope is a revolution and a messy one at that.

 

[Oldschooler]

Naw, this isn't inflation as far as the housing market goes. This is point blank investors buying every house they can.

I had a house that was only worth 80k last year, I just sold for 180k. And I can honestly say it was only worth 80k lol. It needs complete rehab, roof and all. Them buying it for 180k let's me know they plan on selling it for 250k minimum. They didn't even do a good inspection on the house.

This is something else breh...I feel it.

I get it an investor group buying everything up colluding to sell for more is definitely real. But the number has to work from the next buyers perspective too. Let me give you a real example... I can't just go to Detroit buy up the whole block throw a bunch of money in it to renovate and then find me a seller who will pay my price because there's not many people that can afford it to make the numbers work from my perspective. Why can't they afford it? Because there's not enough good jobs there to sustain it.

 

[NinoBrown]

Not my problem...sleeping comfy with my certs...

 

[MyApps]

I suspect something big is going down as well. Now with what Zillow Is doing is going to forever change the game. American property is going to be bought up by the wealthy and corporations exclusively.

What is Zillow doing?

 

[DaddyFresh]

What is Zillow doing?

Using their data to buy homes and price gauge

 

[Wild self]

Charles Koch is scum of the earth.

None of those right wing posters will go after him

They worship him and all the slumlords. TLR stay gassing up wealthy people.

 

[Wild self]

If the government don’t step in and regulate these corps and criminals then most people only hope is a revolution and a messy one at that.

Nah, the landlords gotta get beheaded

 

[UpAndComing]

Land and Real Estate is cheap in the Midwest, Great Plains, and Mountain West


But everyone wants to move to the coast and drive up the prices