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THIS THREAD POST IS WRITTEN FOR CRITICAL THINKERS
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It's time for RENT CONTROLS and Other Category of PRICE CONTROLS
Domestic and Foreign Investor are buying up property all across America and 'GOUGING" American Citizens on Rents. These firms who have expanded their outreach to buy up properties not only drive up the cost to acquire property, they follow that up with extremely high "Rent Increases".
quote
“It was a big sticker shock,” added Espinoza. “I couldn’t believe it. When I saw the letter, I couldn’t believe it.”
Espinoza’s rent jumped from $1,700 to $3,500 under the new landlords – a 106% increase.
end quote
It's going to take "young people" to fix this problem and create ways to impose price controls.
quote
To Valerie Hamilton, then president of the Potters Glen Homeowners Association, it didn’t sit right. Already, more than 20 homeowners in her Charlotte neighborhood had sold out to investors and their houses had been quickly converted to rentals.
“We were being bombarded,” Hamilton said.
Like hundreds of communities across the United States, Hamilton’s neighborhood had become the target of large companies amassing empires of suburban homes for rent. Since the Great Recession, when millions of Americans lost their homes to foreclosure, these companies have been expanding their portfolios of tens of thousands of single-family houses, a disproportionate number of them located in majority-Black neighborhoods like Potters Glen.
The rise of investor purchases has spawned complaints that the companies, flush with Wall Street money, are pricing out first-time home buyers and renting to tenants who have not been properly screened. In Potters Glen, one house owned by Invitation Homes, a $24 billion company created by a Wall Street firm, drew several reports of illegal drugs and gunfire, according to police reports and neighbors.
Facing the influx, Hamilton started asking: “Can’t we stop them?”
The answer, it turns out, appears to be yes.
end quote
Many people who don't read... result to be caught in the middle of madness, before they become aware of what it taking place. Then they want to blame someone else, because they did not pay attention and understand what was taking place.
Wall Street Investors DON'T CARE ABOUT PEOPLE OR SOCIETY they only care about "profit by any means".
Young people know that there are many things in life that is more important than "chasing money by any means with regard for nothing". They've shown their knowledgable awarness of the importance of life is far greater than chasing money by any means; by walking away from jobs that don't respect employees and don't respect compensating their work to a level to meet basic living standards.
1946 - 1964, consider yourself a Baby Boomer
1965 - 1980, consider yourself Generation X
1981 - 1996 consider yourself Millenial
1997 -2010 consider yourself Generation Z
2011 -2025 consider this as Generation Alpha
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It's time for RENT CONTROLS and Other Category of PRICE CONTROLS
Domestic and Foreign Investor are buying up property all across America and 'GOUGING" American Citizens on Rents. These firms who have expanded their outreach to buy up properties not only drive up the cost to acquire property, they follow that up with extremely high "Rent Increases".
quote
Coral Gables Woman Hit With 106%Rent Increase After Property Sold To New Landlord: ‘I Couldn’t Believe It
She never dreamt of leaving on LeJeune Road in Coral Gables. But last month, on March 24, a letter from her new landlord changed everything.“It was a big sticker shock,” added Espinoza. “I couldn’t believe it. When I saw the letter, I couldn’t believe it.”
Espinoza’s rent jumped from $1,700 to $3,500 under the new landlords – a 106% increase.
end quote
It's going to take "young people" to fix this problem and create ways to impose price controls.
*Older Republican white people complain about inflation but still "worship the wealthy gouging the public"
Young people are much smarter and much more aware of the abuses that is created by "worshiping the wealthy" and "supporting corporate gouging".*Older people are not even aware that there are foreign and domestic investors involved in "rent gouging" as their new means to fleece the public.
quote
Corporate landlords are gobbling up U.S. suburbs. These homeowners are fighting back.
Her 3-bedroom 2-bath house with vinyl siding had never attracted so many admirers. Every week, the mail brought more postcard offers: Sell now! Will buy as is! Everyone in the neighborhood was getting them.To Valerie Hamilton, then president of the Potters Glen Homeowners Association, it didn’t sit right. Already, more than 20 homeowners in her Charlotte neighborhood had sold out to investors and their houses had been quickly converted to rentals.
“We were being bombarded,” Hamilton said.
Like hundreds of communities across the United States, Hamilton’s neighborhood had become the target of large companies amassing empires of suburban homes for rent. Since the Great Recession, when millions of Americans lost their homes to foreclosure, these companies have been expanding their portfolios of tens of thousands of single-family houses, a disproportionate number of them located in majority-Black neighborhoods like Potters Glen.
The rise of investor purchases has spawned complaints that the companies, flush with Wall Street money, are pricing out first-time home buyers and renting to tenants who have not been properly screened. In Potters Glen, one house owned by Invitation Homes, a $24 billion company created by a Wall Street firm, drew several reports of illegal drugs and gunfire, according to police reports and neighbors.
Facing the influx, Hamilton started asking: “Can’t we stop them?”
The answer, it turns out, appears to be yes.
end quote
Many people who don't read... result to be caught in the middle of madness, before they become aware of what it taking place. Then they want to blame someone else, because they did not pay attention and understand what was taking place.
Wall Street Investors DON'T CARE ABOUT PEOPLE OR SOCIETY they only care about "profit by any means".
Young people know that there are many things in life that is more important than "chasing money by any means with regard for nothing". They've shown their knowledgable awarness of the importance of life is far greater than chasing money by any means; by walking away from jobs that don't respect employees and don't respect compensating their work to a level to meet basic living standards.
- Young people simply don't have a "worship the wealthy mentality" that the baby boomer and the baby boomers first generation of offsprings were groomed to worship.
1946 - 1964, consider yourself a Baby Boomer
1965 - 1980, consider yourself Generation X
1981 - 1996 consider yourself Millenial
1997 -2010 consider yourself Generation Z
2011 -2025 consider this as Generation Alpha
