Strategic purchases
Companies such as Invitation Homes, Pretium, Blackstone, and Altisource (aka “Corporate Landlords”) are not just buying any homes. Instead, they select properties with surgical-like precision. This means targeting areas with growing markets and the potential for high rates of returns. In other words, the most desirable properties.
This equates to systematic rent increases, rigid rental qualifications, and aggressive evictions. Essentially, owning tens of thousands of properties means these companies can set the pace and trends for market rates with such extensive portfolios.
Beyond Physical Residences
Oddly enough, one cannot find respite from real estate and housing woes in virtual reality either. In October 2021, Facebook debuted and changed its name to Metaverse. On platforms such as this, users can purchase virtual real estate. The popularity has grown such that the market has increased by over 700 percent in 2021 equating to what can be referred to as a massive “Digital Land Grab” wherein people can purchase “plots” of “premium land.” The average investment nearly tripled in 2021 alone with the average sale being around $5,300 in January and $15,000 by December. This means hopeful buyers are outpaced and outbid even in the land of make-believe. Affluent people and corporations are buying up virtual land just like many hedge funds are buying up farmland in the Midwest.
If current trends continue, what will be left for the average person to purchase in their pursuit of happiness?
https://worldpopulationreview.com/state-rankings/median-home-price-by-state
https://www.census.gov/data/tables/time-series/dec/coh-values.html
Jillian Hishaw, is a MacArthur Award recipient, Attorney and Author of “Systematic Land Theft,” “Don’t Bet the Farm on Medicaid” and Founder of Family Agriculture Resource Management Services (F.A.R.M.S.) an international non-profit that provides legal and technical services to small farmers located in rural communities in the U.S., Africa, India and Caribbean nations. Hishaw has helped numerous farmers save their land from foreclosure over the past 20 years of her profession. To learn more about Hishaw’s experience and to purchase her products and services please visit the products page. Hishaw offers various service packages that can fit any budget.
To learn more about Jillian Hishaw please visit
https://www.youtube.com/channel/UCEqI62mMxl3kCP54f5cltLg
Any and all information provided on this website is not legal advice but educational purposes only.
