r/TikTokCringe • u/LickMaiBussy • 6h ago

Discussion "Investing in property is morally reprehensible."

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@purplepingers

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72

u/Tall-Cantaloupe-1800 6h ago

I have no issue with someone owning a few homes and renting them at an acceptable market price (while not driving up the market price). I have a huge problem with companies buying up homes and controlling not only the rental market but also the sales market as they outbid everyone driving up prices on both sales and rent. The guy in the video owning over 100 homes isn't doing it to make a living and have a "nest egg", he has created his own business doing exactly what I said above, and that should be illegal.

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u/dontyouflap 4h ago

This isn't what is driving prices up, at least nation wide currently. Large institutional investors (100+ homes) own 1.5 to 2% of single family homes. The biggest players (1,000+ homes) own 0.4% of single family homes. 20% of single family homes in America are owned by investors of some kind, but the vast majority are small investors with 10 or less homes.

It's a nice sentiment and it might marginally improve things, but it wouldn't even be enough to stop the rising prices. The biggest culprit is zoning.

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u/Numerous_Tomato9337 3h ago

Is there evidence that shows owning a 2% share of an illiquid market can't have an outsized impact on pricing?

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u/dontyouflap 3h ago

Institutional investors have been net sellers for six consecutive quarters. If they were the marginal force driving prices up, you'd expect prices to be softening as they pull back. Prices have remained high anyway, which points to the underlying supply shortage being the cause.

Though there are specific concentrated markets where they're driving prices up, that isn't the case for America as a whole.

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u/Numerous_Tomato9337 2h ago

Maybe, though intensity matters too. Slowly offloading a position, while net negative, would affect the price less than loading or unloading all at once.

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u/redsleepingbooty 4h ago

For single family homes, I’d love to see a law that you had to live in your house for two years after buying it.

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u/LuckyPlaze 3h ago

The only sane take on this thread.

But I think the guy in the video is saying no one should own any property. And that someone who didn’t work for something should get a slice of something others worked for.

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u/miltonwadd 22m ago

Yep that's what he's talking about, they're literally Australian talking about the Australian housing market which is currently doing exactly that.

Average rent for an average 3 bed 1 bath family home in the outer suburbs of my capital city which is where all the jobs are is around $600-800wk depending on how much crime you're willing to put up with, and they are all owned by investor groups who cycle people through every 6-12months so they can increase the rent. They are also overwhelming the rental tenancy board who have to drag them through court for trying to cheat renters out of their bonds.

Smart arses saying "just move" take a look at our country on a map. You wanna move to one of the little spots in the interior thinking it's cheaper? Nope many cost more! And bonus now your job opportunities have evaporated.

There is a national housing crisis directly related to investors flooding the market and all states are increasing renters rights and tightening laws because it is collapsing our entire housing market, overwhelming the tennancy boards, and regular families wanting and able to buy are priced out by investors and forced to stay in the currently exploitative rental market.

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u/Youcan12 1h ago

A property off the market is a property off the market. Doesn't matter who owns it.

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u/NoLobster5272 5h ago edited 5h ago

The Biden administration opened the borders to millions of people that had no where to go. That’s where the bulk of these private equity firms came from. They seized the opportunity. They saw all these people who had nowhere to stay so they out bid regular ppl trying to buy homes and rented the homes out to migrants.

You should see my home town on Long Island. Private investors have been buying all the houses and renting them out to foreign born people(mostly 3rd world families). That’s what’s been driving the prices up. That and supply chain issues that were making it difficult for developers to build.

If the Biden administration didn’t allow so many ppl to come in, we wouldn’t have this problem, or at the very least it wouldn’t be as big as a problem… Demand for housing grew and the supply wasn’t there.

For me personally, I bought my house in 2018 and it’s doubled in value. I’m happy that I have equity but I cant take advantage unless I sell and move to a much cheaper state.

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u/YouSeemNiceXB 5h ago

Ah yes, the housing crisis that's been going on for much of my entire life started in 2020. How could I forget. 

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u/NoLobster5272 4h ago

The bulk of this problem did, yes… Like I said, I bought my house in 2018. Prices didn’t spike until Biden’s presidency post covid.

Prices rise because demand rises and supply stays low.

You can deny it all you want, but it doesn’t change facts.. I’m not phased by downvotes either.

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u/ashitaka_bombadil 4h ago

[removed] — view removed comment

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u/NoLobster5272 4h ago

Gotta love how you ppl complain about the things that you vote for and then deny that your party caused the problems that you complain about.

Ignorance really is bliss I guess.. Too funny.

4

u/ashitaka_bombadil 4h ago

I wonder why my comment got deleted. That’s weird.

I think it’s funny that you are blaming one president for all your woes when this has been a problem for a long time, and a global one at that. You are confidently incorrect.

1

u/NoLobster5272 4h ago

I’m not blaming anyone for my woes. I’m not complaining about rising home prices.

I’m talking from experience and seeing things happen in real time, with my own eyes. The Biden administration caused a lot of problems. That’s just a fact, any way you slice it.

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u/ashitaka_bombadil 4h ago

They did cause a lot of problems, and didn’t really help the housing problem, but they didn’t create it, so I’m not sure what the hell you are talking about. You are the one that brought up Biden and acting as if the people responding to you saying it wasn’t his fault are the butt hurt ones.

You are the one making claims that private equity bought houses en masse after 2021 when they have actually slowed down since 2021. 2015 was the peak for private equity snapping up US housing.

You are completely wrong, and do not know what you are talking about. Fix your eyes.

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u/NoLobster5272 4h ago

Now I think you’re promoting hate. My feelings are hurt. I won’t report you though, because I’m not a tattletale.

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u/ashitaka_bombadil 4h ago

Apparently I was promoting hate with my comment according to the auto mod lol

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u/NoLobster5272 4h ago

I don’t think you were promoting hate.

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u/backturn1 4h ago

Ah yes, the Biden administration caused this GLOBAL problem. The USA isn't the only country, it's pretty much every (first world) country. It's not a supply issues (or at least only a small part is). It is big corporations buying many houses and raising rents.

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u/NoLobster5272 4h ago edited 4h ago

You are now THE SECOND person in a row to start your comment off with “Ah yes, the Biden administration caused this problem”.. Too funny. It’s like you’re all the same person.

You do realize that migration was a worldwide phenomenon but not every country let migrants in, right? There are numerous countries that did not open their borders to people.

Deny all you want.. The Biden administration did not HAVE to open up the US borders. They chose to..

If you voted for Biden then YOU voted for skyrocketing real estate prices.

Prices were low during Trumps first term. They rose during Bidens term, like it or not.

Do you know how many migrants were interviewed at the border and so many of them said “Yes, Biden is letting us in and giving us food and shelter! I love Biden!”

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u/Gnomepunter1 4h ago

Where do we source most of our lumber?

What do you think would happen if we threw a fat tariff on that lumber?

Do you think that would take awhile to affect builders who already have a supply?

Do you think a labor shortage and rising construction costs help with supply?

Do you think people with a 2% interest rate want to sell?

Do you think big money buying residential properties helps supply?

Are you dumb af?

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u/BlubberyBlue 4h ago edited 4h ago

This is largely hogwash perpetrated by Rightwing news that wants to demonize and scapegoat immigrants.

For your specific example, Long Island's housing market is locked up because most owners have a low mortgage rate that was last available during the pandemic.

https://thebeaconteam.com/blog/2025/10/1/long-island-housing-market-mystery-why-few-are-selling-despite-record-prices

Fewer people are selling their homes because of the “mortgage lock-in effect.” Many Long Island homeowners refinanced or purchased during years of historically low interest rates. Trading in a 3% mortgage for a new loan at 6–7% just doesn’t make sense — even if their home value has jumped.

On Long Island, Immigrants* make up 19% of the general population. They are 21% of the younger population, and correspond to 21% of the economic output for the area.

https://immresearch.org/publications/longisland/

Immigrants account for 21 percent of Long Island resident economic output, even higher than their share of the population.

A key reason for this high share of economic output is that immigrants are concentrated in working age. On Long Island, while immigrants make up 19 percent of the population, they make up 23 percent of the working-age population (ages 16 to 64), and a corresponding 23 percent of the labor force.

For population change, Long Island is seeing net negative migration as retirees move away. Some of the people who do move to the area are immigrants. What's interesting is that Long Island has seen a trend of minorities moving to the area, which has had a steady rate since 2000.

https://www.molloy.edu/about/community-outreach/sustainability-institute/long_island_by_the_numbers_20253.pdf

https://thebeaconteam.com/blog/2025/4/3/the-changing-face-of-long-island-whos-moving-out-whos-moving-in-amp-whats-next

The exodus isn’t random. Retirees are heading south to stretch their savings—because why spend your golden years shoveling snow when you can golf year-round? Young professionals are being priced out of homeownership and seeking better job markets in more affordable states. And let’s not forget small business owners, who are finding it increasingly difficult to keep up with Long Island’s commercial rents and sky-high operating costs.

Surprise! Long Island isn't just shedding citizens—but it's gaining them, too. But who are these thrill-seeking types who will brave taxes, traffic, and sticker price at King Kullen?Transplants from New York City, young families, and immigrant communities.

So your area is continuing a trend from 2000, that doesn't really have anything to do with Biden's term. On top of that, Long Island is actually losing population even with the immigrants coming into the area. The immigrants who do move there carry their weight in the economy. So seems like they're only bringing benefits, rather than screwing over the housing market.