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Let's start a grassroots movement against Corporate Housing [1]

['This Content Is Not Subject To Review Daily Kos Staff Prior To Publication.']

Date: 2023-09-11

As I wrote ten months ago, Corporate America is buying up homes at an alarming rate, changing those houses into rentals. Now, in September 2023, corporate investment ownership has surpassed twenty-five percent of single-family homes (Google search: https://bit.ly/464mmWI ). Corporate investment in single-family housing is all due to greed. The price of home ownership and renting is skyrocketing faster than inflation, which adds to homelessness and changes the landscape of America. Home sale prices have risen twenty-six percent since 2020. There are several factors determining the cost of housing, but corporate investments in buying single-family housing and renting them out is an outlying factor that is disrupting individuals as well as the GDP of our nation.

I propose a grassroots movement to stop corporate America from destroying our American dream (Google Search: https://bit.ly/3EwPUk0).

Mothers Against Drunk Driving (MADD) changed how our society thinks about drinking and driving. I want to remove housing from the covetous culture of investments.

That one-quarter of the home listings are now off the market. Investor's new deviation of homeownership in our housing sector must be remodeled before the floor crashes under us.

Investors are doing what they are supposed to do. They give us small investors a five to seven percent return on our dollar. You do the math: How long will it take for a young couple's investment to grow so they can purchase their own home? This past decade, housing prices have been rising about twelve percent.

Not many people see that the dream of home ownership is being wiped from the landscape. Renting a corporate home for twenty-five years will get you a new lease at exceptionally inflated prices. Home rental prices will not be affordable in retirement. Corporations will not choose to return those homes to the market.

We must stop corporate-owned housing purchases before it becomes a monopoly. If we keep rolling the dice, the game will end with one winner owning all the homes.

What will we tell our grandchildren when they ask questions about home ownership?

We must not accept the tradeoff of a couple of percent growth in investment to equal the elimination of the American dream.

· Personally, I want to contact every politician in my life and ask them if they understand the consequences of the unbridled consumption of homes by giant corporate investors.

· I want to know if my retirement fund is investing in this pyramid scheme.

· I want to Email Warren Buffet and ask his opinion of a corporate-owned society.

· I want everyone who reads this to comment, relaying your opinion.

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[1] Url: https://www.dailykos.com/stories/2023/9/11/2192711/-Let-s-start-a-grassroots-movement-against-Corporate-Housing

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