@lynnettepebbles35
Great insight 👍🏽 I am a landlord and purchased investment property during the 2008 housing bubble. I get hundreds of calls a month from the institutional investors trying to encourage me to sell. I wasn't looking to sell but questioned why I was getting so many calls. Last year I had to evict a tenant and put a house on the market. I received some calls from other investors stating I needed to go up on the rent by about 45%. That's a huge increase and makes even renting unaffordable for most. I think ita ridiculous how they trying to play monopoly with people's lives.
@dfrank2044
“Own nothing and be happy”. Great show.
@DeepDiveNFT
The crazy thing is I have a friend that is working a temp job earning close to 10k a month from The Carlye Group. J. Powell has 53 million of his personal wealth in this private equity firm. They bought rent controlled buildings in Brooklyn and now have temp workers calling and emailing tenants, increasing their rent in excess of 40%. The temps get paid performance bonuses based on the number of tenants they can “convert” into new lease. So sad
@teliciabenson7935
This is the best video. Thank you.
@eshadiva6600
Love your channel. Thanks for addressing this issue and yes where there is a will there is a way. Totally agree.
@nonenone1534
Travis, you have a great attitude. Thank you !!
@seanyu3163
there used to be a 14 day grace period that institutional investors had to wait before putting in a bid on a home. trump got rid of it. thats why there are so many investors that are scooping up houses without recourse. i hope all of them go bankrupt
@seanneiberger4199
Keep teaching, keep preaching and share your personal experiences because we all learn.
@cynthiaf.2329
Thank you very much for all information. Completely agree with you. We need new laws. I am priced out of housing market, renting is hard and heavy as well . Just waiting, believing in better situation for first time buyers. Love your channel. Thank you very much. 😊💕
@Zhuzhup
I subscribed! Thanks for the great video:)
@RapticGaming
I also just bought a duplex and closing this Friday. Did a joint loan and gonna live in one while my brother lives in the other. Bid 650k used a VA Loan and it appraised at 650k.
@marygrant9817
It is predatory purchasing, creating a monopoly on purchasing Homes.
@DeepDiveNFT
I’d have to humbly disagree. The average family will never be able to compete with Hedge Funds and private equity. Even if you’re top 1% credit worthiness does not make you a better buyer then a cash offer. This unfortunately needs to be addressed by congress or local governments. I hate to say that because I am very anti big gov. We have to organize a to stop these criminals
@matthewphillips5483
I had made an offer on a starter home for $250k (listing price) of the seller. They rejected the offer and listed their property as "cash only" and, a couple of days later, went under contract. They ended up selling to all cash buyer for $220k. Nothing I could have done in prep could have changed the outcome (aside from saving $220k cash which is beyond my scope for at least a decade.)
@PROLKR
Corporate greed is definitely an issue in the housing market.
@aone2476
In 2015 more like the tail of 2014 i was looking to by my first house. I was looking for a good deal, like everyone but i was looking at homes in pre-foreclosure and the main reason is i didnt make enough to buy a good house in areas i wanted to live. I found a house for 245,000 but i didn’t get it. Because a consortium purchased a group of realtors who pulled their money together and paid cash with that said. It was an inside job. In the same office a different realtor who was in the same office of my realtor never pushed my offer to the bank. One moth later went to auction and was purchased for 118,000. I reported it and nothing happened. The problem like most here in the United States we allow a lot of shady practices and protect those practices in the effort to sustain capitalism but in reality they have nothing to do with that other then fair ethics. Because why would a bank not want and overall investment return of 400,000 or more with my purchase rather then 118,000? Many will say greed or cash now, but really its just normal Buisness. I definitely disagree. Even if i am in the top 1% credit score there are many factors working against me. For one I’m borrowing not paying cash, the biggest is resources of people on the inside and not one network multiple networks assisting them and lastly the financial system is set up for them to succeed more than for me tiny entity.
@rafaelflamenco7902
The real problem is that institutional investors don't lose. The people who invest with these institutions lose. They make management fees on the portfolio they manage so their incentive is to grow as much as they can. If the market ranks, they sell in bulk only at a loss to another institution. These houses never come back on the market and that is the real problem. The small 3 bedroom house is becoming extinct and they just can't build them anymore.
@henrytran4782
Don’t allow these corporate greedy to buy houses.
@afgdoncorleone4010
Happy 4th and thank you for taking the time..
@stephanieturner6441