alt Hacker NewsI just watched a video from Dave Ramsey title "What the Government Should Do to Fix the Housing Problem" He specifically calls out Institutional Investors and Foreign Corporations that have been purchasing single family housing and converting them into rental properties. I think he makes some good point in his video: https://youtu.be/_CrgniwSLLM
Replies
Thanks for sharing the DR link — hadn't listened to him in many years, but he definitely helped me start my debt-free journey (although his long-term investment opinions aren't aligned with my own planning / re$ult$). I am not religious I just started listening.
>"If you're 25 or 26 years old right now YOU ARE GETTING SCREWED RIGHT NOW (by large banks) like has never happened ever before... record debt debt debt" —Dave Ramsey [0]
I am definitely doing "better than I deserve."
[0] He actually says this at 6m in above-comment's link
Why do you think that renters don't deserve to live in single-family homes?
Why would someone listen to Dave Ramsey of all people? He is neither an economist, nor a Christian, he has nothing to contribute to the subject!
His shtick is real estate investment, of course he wants to see Joe Public buy a starter home. The trouble is: real estate as a government-guaranteed investment vehicle is what brought us the housing affordability crisis.
We just had a research report on HN a few weeks ago showing that the median number of properties "corporations" in California rented out is 1.