Rental prices are increasing by more than 30% in major cities across the U.S. with the national monthly average for a one-bedroom costing $1,701. NBC News’ Zinhle Essamuah reports on how private equity firms play a major role in fueling the rise in housing costs nationwide.
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#Rent #Equity #housing
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They’re controlling n push to reset the rental market price multiple times already. They understand they can’t keep people trap and profit off it . Money talks
Bidens America pick a CRISIS.
What a BS piece. They buy property and fix it up , increasing its value. For this they get a good rental price. No one forces anyone to pay.
Its funny when NBC doesnt talk about blackrock. These other guys are peanuts. Oh wait, blackrock controls nbc’s narrative.
Squeeze that lemon
You will own nothing and u will be HAPPY!
BOY COT DON'T RENT !!!
MOVE IN WITH FRIENDS AND FAMILY IF YOU CAN.
THIS IS GREED
Trump rolling back Dodd Frank (gutted it) this fueled private equity & Wall St to buy up our housing which is also the largest driver of inflation – ur welcome – Donny Trump says
Unemployment keeps surging and bills wait for no one that’s why we have to figure new ways to make an income, I came here to learn how to trade after listening to a guy on radio talk about the importance of investing and how he made $210,000 in 4 months from $35k. Somehow this video has helped shed light on some things, but I'm confused, I'm a newbie and I'm open to ideas
This is a crime. But white collar crimes are OK to commit
Why is this legal?
Corporations are buying all the homes, squeezing renters into homelessness, then they will squeeze mortgage debtors into more home equity loans into foreclosure, then title home owners will get squeezed via insane insurance rates and property taxes until Wall Street and private equity owns it all. Renters are already screwed. You're next home 'owners'.
Im not gonna play their game anymore..
#VANLIFE
*We use to build sh*t in this country. Now, we just stick our hand in the other person's pocket" Frank Sobatka- The Wire.
Private Equity Funds can borrow money with super cheap interest rates. With the massive amount of money, they keep buying houses and controlling rent
So 1,6M families out of 120M households. Yeah sure blame the roughly 1 % owned.
They should not be able to do this period…and after 15 months of none renting…there going to ask for tax payer to bail them out…
Why the fu€k is this even legal? It’s always about money in America fu€k.
More reasons to live with your family, it saves you money and you still get to spend time with them ❤️❤️ and home cooked meals 🔥
Also this should be considered inhumane it’s hurting the lower and middle class ! It’s definitely a deliberate decision. They think people won’t notice they are ripping people off, all in the name of profit and capitalism. Makes me sick 🤮 disgusting humans.
Government needs to set a rent cap
Thanks for this great video, i must say it's really helpful. I was leaving on average financial income until i invested with a professional broker (Stella Louis) Life have been better afterwards.
Jesus Christ is the only way to salvation
John 3:16 For God so loved the world that He gave His only begotten Son that whosoever believeth in Him shall not perish but have an everlasting life $$$$$$
This is absolutely not sustainable. Instead of Biden worrying about this stupid "Inflation Reduction Act" which we all know is bs, how about he focus on shutting these greedy private equity firms down. Absolutely no reason a 2 bedroom 1100 sq ft apartment should be $1700 dollars in IL. How is this sustainable? 3 years ago rent for a 2 bed 2 bath was $1300 at the most. Rent can raise but salaries cannot? Losing faith in the American economy
The FBI is the wrong target.
God bless A̷m̷e̷r̷i̷c̷a̷ billionaires.
Rich people love making people suffer all for money. I could never imagine being that evil.
Remember the game Monopoly? You buy houses and when a player lands on one of your properties with houses you charge him rent.
The only reason I can afford to live on my own is because I don't have kids. I also don't live in the most desirable of neighborhoods
Raise the rates. Making more homeless.
Pure greed. Plain and simple.
California is $2800 for two bedrooms besides the bills
Freddie Mac only cares to make their friends make money
@2:43… screenshot this and boycott
Absolutely disgusting!!!
This is criminal activity and this should not ALLOWED
American capitalism…
There are many ways to cut the head off a snake folks
My advice to you:
Invest in a prefab home like Boxabl
Buy some Bitcoin
Don't worry, cars will drive themselves soon enough
You what you cant do without a bank? Get a loan, that's what
The power is in your hands people. Take the initiative, or continue to get pushed aside by the wealthy elite
Stop overeating, stay home, stop traveling so you don't buy fuel. Easy.
Trying to move to Richmond Hill in Queens NYC!!! It's difficult finding any place at all that's even remotely affordable!!!
There has to be a law how they buy up apts houses and raised rent government?going to have to step in it's ridiculous wrong?greed
S2 capital is one of them buying up apt units and raising rents
These corporations greed are ruining families
We need to camp on the politicians front yard until they fix this sht
Rents are fair in most places. Reflects inflation. If inflation is close to 10% a year expect a 10% increase in rent. Some local areas are introducing a per person flat tax starting at $500 a year and addtional city income tax to pay for schools. Renters will start paying this
This is one reason for the decline in birth rate. So many can’t afford to have a kid. A lot of Americans are turning to alternative ways of living to include mobile homes.
Rent is up news outlets are talking about it but nobody won’t do anything about it smfh just sad
I saw a sign a woman was holding in this video that said the following " Housing is a human right" Now i am not sure how she came to this result. But in my opinion housing is NOT a right rather a privilege for people who work for a living, it is the same for respecting another person, Respect has to be earned not just given out. Anyway thanks for taking the time to read my post good luck to all.
They forgot to mention the artificial scarcity of housing and apartments .
But in many states this has become a problem and is causing the homeless population to explode at a rate not seen before. And these major banks and equity companies are the problem and really they are there to make money nothing else and if they can cut corners they will do it. And they cut costs in repair and maintenance which Is the cause of damage due to a outdated electrical system,or a outdated sewage system that has not seen repair or any kind of upkeep to have it in working condition. I don't see these equity firms being held accountable for the neglect and disrepair of these houses or apartments anytime soon.
If they keep going on with this rent hiking prices well they going to go and you might as well just put everybody in the streets
Where do you think these people will live cuz the country everywhere rent is bad where do you think these people are going to move why don't they just put everybody in the streets well they're going to put these people tell me what where are these people going to go that's it's the end of the line that's the end of the line when you're in the streets