America s Looming Housing Crisis
Working Americans are being priced out of the housing market, rent is skyrocketing, and investment firms are snatching up all the homes to turn into rental properties. What s going on here? Why is all this happening, and is there anything we can do to stop it? In this episode, we ll discuss some of the factors that are contributing to this perfect storm of looming economic disaster, and consider what actions normal Americans can take to ease the suffering of their neighbors and fight back against the predatory status quo. Citations and Further Reading: True unemployment rate: https://www.lisep.org Charles Koch real estate: https://www.wsj.com/articles/a-koch-brother-is-betting-big-on-distressed-real-estate-11614690003 Daily Poster coverage of Koch investments: https://www.dailyposter.com/koch-funded-eviction-push-while-buying-real-estate-stakes/ SmartRent: https://www.bostonglobe.com/2020/02/11/business/smart-apartments-is-tenants-privacy-rent/ Bloomberg on renting: https://www.bloomberg.com/opinion/articles/2021-06-17/america-should-become-a-nation-of-renters Wall Street Journal on renting suburbs: https://www.wsj.com/articles/built-to-rent-suburbs-are-poised-to-spread-across-the-u-s-11623075610?mod=e2tw Vox on Blackrock not being bad guys: https://www.vox.com/22524829/wall-street-housing-market-blackrock-bubble Wall Street Journal on institutional home buyers: https://www.wsj.com/articles/if-you-sell-a-house-these-days-the-buyer-might-be-a-pension-fund-11617544801 Housing shortage: https://www.businessinsider.com/housing-market-short-millions-homes-homebuilding-real-estate-nar-report-2021-6 https://www.nar.realtor/political-advocacy/housing-is-critical-infrastructure America s Looming Housing Crisis – Second Thought SUBSCRIBE HERE: http://bit.ly/2nFsvTS music by Sam Kužel - https://samkuzel.com/ New video every Friday! Follow and Support Second Thought! Twitter: https://twitter.com/_SecondThought Patreon: https://patreon.com/secondthought BuyMeACoffee: https://www.buymeacoffee.com/secondthought CashApp: $JTChapman Watch More Second Thought: Latest Uploads: https://www.youtube.com/playlist?list=PL6SJktA-ecJR_Fq2hhYVEFS11cf1YzG27 Spaaaaaace!: https://www.youtube.com/playlist?list=PL6SJktA-ecJQRpqT-hMTTFx8A6VVH3m6v What If...: https://www.youtube.com/playlist?list=PL6SJktA-ecJRI7VrWf_-mT0z6lrN--Cvi Popular Videos: https://www.youtube.com/playlist?list=PL6SJktA-ecJRx7ZaO9J04Kbob_u5baHxN About Second Thought: Second Thought is a channel devoted to education and analysis of current events from a Leftist perspective. Welcome! Business Email: secondthoughtchannel@gmail.com
