Trump: “We Can’t Let This Happen to Housing”
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Top Comments (10)
Corporations shouldn't own residential property.
I too want Blackstone to stop buying houses
It’s about damn time
now I've hit $170,590. I was having this exact conversation with my son the other night-generational wealth isn't just about getting money. It's about teaching everyone not only how to make it, but also how to maintain it. It does no good for me to provide for my family if they don't understand how to manage and sustain it
Congress should have been looking at this twenty years and stop investing in REITs. Congress represents their own interests not the people.
Companies like Blackstone pays 1.5x the asking price for a family home. They then sell it to their subsidiary for 2x. This is then the basis price for everyone's taxes. So not only do these corporations increase the cost of housing, they increase property tax on that housing. In comes the state. Those who can't pay their property tax lose their homes. A tax foreclosure takes the full sale price of the home, not just the tax due... the state keeps everything and the owner (previous owner) loses all equity built in the house. Guess who is there to pay the state full price plus for the house based on the market they created? Yup! You got it, companies like Blackstone. So, the partners in crime are the state and companies like Blackstone and they are stealing the equity (see John Stossel) from Americans who worked years to pay off their homes... This is what Scott Bessent meant when he talked about freeing up home owner liquidity.
This actually sounds like a sensible policy. Incredible that a US govt would do anything but kowtow to a corporation though. There'll be a catch.
In North Las Vegas, institutions own 23-24% of single family homes.
Forget buying corporations who priced out families need to be held accountable and forced to sell prices at 50% lower price. People are blaming immigrants for rent and housing inflation, its Blackstone and Blackrock causing 90% of the pain
"Register for my free masterclass & get Market Briefs as a bonus: https://link2.briefs.co/3f6957?utm_campaign=TOF_Content&utm_medium=organic&utm_content=MXz6ju_wknU&utm_term=minority_mindset&utm_source=youtube&utm_placement=youtubepinned WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!"
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Top Comments (10)
Corporations shouldn't own residential property.
I too want Blackstone to stop buying houses
It’s about damn time
now I've hit $170,590. I was having this exact conversation with my son the other night-generational wealth isn't just about getting money. It's about teaching everyone not only how to make it, but also how to maintain it. It does no good for me to provide for my family if they don't understand how to manage and sustain it
Congress should have been looking at this twenty years and stop investing in REITs. Congress represents their own interests not the people.
Companies like Blackstone pays 1.5x the asking price for a family home. They then sell it to their subsidiary for 2x. This is then the basis price for everyone's taxes. So not only do these corporations increase the cost of housing, they increase property tax on that housing. In comes the state. Those who can't pay their property tax lose their homes. A tax foreclosure takes the full sale price of the home, not just the tax due... the state keeps everything and the owner (previous owner) loses all equity built in the house. Guess who is there to pay the state full price plus for the house based on the market they created? Yup! You got it, companies like Blackstone. So, the partners in crime are the state and companies like Blackstone and they are stealing the equity (see John Stossel) from Americans who worked years to pay off their homes... This is what Scott Bessent meant when he talked about freeing up home owner liquidity.
This actually sounds like a sensible policy. Incredible that a US govt would do anything but kowtow to a corporation though. There'll be a catch.
In North Las Vegas, institutions own 23-24% of single family homes.
Forget buying corporations who priced out families need to be held accountable and forced to sell prices at 50% lower price. People are blaming immigrants for rent and housing inflation, its Blackstone and Blackrock causing 90% of the pain
"Register for my free masterclass & get Market Briefs as a bonus: https://link2.briefs.co/3f6957?utm_campaign=TOF_Content&utm_medium=organic&utm_content=MXz6ju_wknU&utm_term=minority_mindset&utm_source=youtube&utm_placement=youtubepinned WARNING: LOOKOUT FOR SCAMS IN THE COMMENTS! There are many fake accounts impersonating me, and there are many bots promoting fake/scam investments. I will NEVER ask you to contact me through YouTube comments, telegram, or WhatsApp. I have a checkmark next to my name and my comment will be highlighted. Fake accounts do not have that. Please be aware of fake accounts trying to scam you using my name and picture!"