(Article by M Winger republished from WTLReport.com)

“You vill own nothing and you vill be happy.” – Klaus Schwab

It seems there are many in power that share the same beliefs as Schwab.

What if their plan was to make it so you couldn’t buy a house at all, only rent forever?

The end of homeownership is their goal.

Sounds like Mr. Potter from It’s A Wonderful Life has taken over the real estate market.

Today we see many young couples struggling to be first time owners.

Why?

Do they just need to work harder and pull themselves up by their bootstraps?

Well, lets just take a look at the difference between mortgages and income of the average American, now and then:

"You will own nothing and be happy" - World Economic Forum, Agenda 2030 pic.twitter.com/mQ0kRJpJOS

— End Wokeness (@EndWokeness) March 21, 2024

It would seem the wages aren’t keeping up with the rise of mortgages.

(“Mort” in mortgages, by the way, means “death”. So mortgages literally means “death note”)

And if that wasn’t bad enough, we have companies swooping in to buy up the houses.

This is what a modern day slave owner looks like. Smh. pic.twitter.com/RDbpLPJ2vE

— CJ ? (@APopularNobody) March 26, 2022

Someone made a comment that makes you wonder if this is truly their goal:

Company buys all the house.

Blackrock buys company.

Not your house, not your rules.

They Replace keys with a pass/card/chip.

New law introduced ; lockdowns is the new norm.

Your under surveillance, police alerted as soon as you’re opening your door when curfew.

Forbes reports:

There is a new asset class I’ve seen in several different alternative investment “wrappers”. Besides using DST’s alternative investment, companies are also putting this new asset class in 3-5 year programs to build, lease up and sell. This new asset class is single-family build to rent. As millennials reach an age where many start families, they’re encountering a challenging housing market. A lack of available homes, skyrocketing prices, and affordability issues make homeownership difficult for many. This has led to a surge in the popularity of single-family build-to-rent homes, offering spacious living solutions without the burden of a mortgage.

The median age of millennials was 33 at the end of 2021. Today, that median age is 36 years old. According to Harvard’s “The State of The Nation’s Housing 2023” report, “growth in households headed by people ages 35–44 more than doubled from 210,000 per year in 2017–2019 to 560,000 per year in 2019–2022.” As these younger Americans age, their housing preferences are likely to transition from prioritizing walkable amenities over space and security to larger homes in suburban locations more traditionally attractive to family households.

This need is satisfied by investor demand for high-quality single-family rental communities. There are finite assets available for investment, creating an attractive supply/demand dynamic for property valuations. Blackstone has already invested more than $9.5 billion cash into single-family rentals in the last 30 months.

Cushman & Wakefield’s CWK -2.3% December 2023 “The State of Build-to-Rent” notes build-to-rent communities are averaging substantially more absorption. Sources: (3) Green Street market forecasts; (4) NewStar estimates; (5) U.S. Census than traditional multifamily measured as a percentage of total inventory: “Since 2020, BTR product has averaged about 3% absorption, topping out at nearly 5% earlier this year, whereas (traditional multifamily) product has averaged 0.6% of its inventory and topped out at less than 2% at the peak in 2021.” Cushman & Wakefield estimates it would take just a year and a half to absorb all of the new BTR construction, compared to approximately four years to absorb new multifamily construction.

Two years ago, the average cost of a house in this country was $215,000. Today it’s $400,000. Our kids don't have a chance to own a home. I’m going to change that. pic.twitter.com/jPFvsz3lAThttps://t.co/LNww83irzR

— Robert F. Kennedy Jr (@RobertKennedyJr) March 21, 2024

StudyFinds adds:

In the wake of the Great Recession, a new breed of landlords has emerged: corporate investors. These Wall Street-backed entities have been quietly amassing vast portfolios of single-family homes, particularly in economically distressed neighborhoods. Now, a team of researchers led by Carol Camp Yeakey, the Marshall S. Snow Professor of Arts & Sciences at Washington University is launching a two-year national study to examine the implications of this trend, especially for marginalized communities of color.

The study builds upon Camp Yeakey’s recent paper, “Corporate investors and the housing affordability crisis: Having Wall Street as your landlord,” published in January in the American Journal of Economics and Sociology. The paper details how the foreclosure crisis of the late 2000s created a perfect storm for corporate investors to snap up thousands of homes at bargain prices. “Our research details how corporate investors ‘buy low and rent high’ to populations who can least afford it,” Camp Yeakey says in a university release. “As wages have stagnated and the cost of housing has risen, an increasing number of Americans are now being priced out of the housing market entirely.”

To grasp the scale of this phenomenon, consider this: As recently as 2011, no single corporate entity owned more than 1,000 single-family rental (SFR) units nationwide. Fast forward to 2021, and the five largest SFR operators collectively owned approximately 300,000 homes, out of 350,000 overall acquired by corporate landlords across the country. This rapid consolidation has been particularly pronounced in the Midwest and Sunbelt regions, where Camp Yeakey’s preliminary research shows corporate investor-owned SFRs predominate.

But it’s not just the speed and scale of acquisition that’s concerning – it’s also the tactics employed by these corporate landlords. Camp Yeakey’s research found that they often maximize profits at the expense of tenant safety and well-being, including massive rent increases, eviction filings, dangerous lack of maintenance, steep fines, and more. Some have even likened this targeting of low-income, Latino, and Black homeowners to a form of modern-day redlining.

Greed and control.

We are watching this monster grow in real time.

This Is The Final Nail In The Coffin For The Middle Class & American Dream

Build To Rent Communities are the new development projects taking off all over the country “In a Build To Rent Community, they never sell it. All of the houses go for rent.”

“If you wanna kill middle… pic.twitter.com/X2lnNaB9SN

— Wall Street Apes (@WallStreetApes) March 19, 2024

But there is always hope.

We will win and get our freedoms back.

Read more at: WTLReport.com