https://revolver.news/2024/03/the-american-dream-is-dead-owning-a-us-home-has-now-reached-extreme-risk-levels/
NEWS
The American Dream is dead: owning a US home has now reached EXTREME RISK levels…
(3 days ago)
What exactly is the American Dream? To get a grasp on this, we have to rewind to the 1950s. Back in those days, the American Dream was all about optimism and opportunity. It represented a tangible reality where dedication and hard work led to a cozy house with a white picket fence, a dependable job that could support a family comfortably, and the hope for an even brighter future for your kids.
This dream, however, wasn’t without its costs—it was fueled by a thriving post-war economy. But that led to accessible housing and a strong sense of community and belonging.
Now, fast forward to the present landscape in the USA, and you’ll see how most of that good old-fashioned stuff from the 1950s has disappeared. The dream that once felt within reach for many now seems like a distant relic of the past. It’s like hearing about a dinosaur; you’re aware of its existence, and you’ve seen the skeletons in museums, but beyond that, it doesn’t feel real. Why do you think so many Americans are packing up and leaving the United States?
Living costs have skyrocketed, and housing prices have soared to levels unattainable for the average Joe. Secure jobs with decent benefits—a must-have for supporting a family—have become scarce, largely thanks to globalism. They’ve been edged out by “gig” jobs and temporary work, which hardly offer the kind of stability or growth we once took for granted. And that promise of a brighter future for the next generation? That’s been tossed out the window too. The wealth gap continues to widen, and the middle class—once again, a victim of globalism—is on the brink of extinction, like the dinosaurs. Community ties that once defined the American way have also rotted away to nothing, thanks to leftist “individualism,” digital isolation, and, you guessed it, more globalism.
The stark reality is that the 1950s “American Dream” has been decimated by global economic forces, dangerous (and creepy) societal shifts, and anti-American political policies. Let’s face it, for a lot of Americans today, that dream isn’t just out of reach; it’s completely unattainable. The prospect of owning a home, supporting a family, and ensuring a prosperous future for your kids has turned into a pipe dream. Homeownership is on the decline, with “extreme risk levels” now characterizing the US housing market. It’s a really sad reminder of how far we’ve fallen from that once-beautiful and attainable dream.
Popular X account Wall Street Apes had this to say about the video clip he shared:
Private Home Ownership Is At EXTREME RISK In America
New Reports Show Economists Have Been Lying To All Of Us About The Rate Financial Firms Have Been Buying Up Single Family Homes
They said only 18-23% of homes were being purchased & by 2030 they would own 60%
That was a lie, in 2023, private equity firms purchased 44% of all of the single family homes in America, which means death for our middle class
Estimates for 2024 private equity firms are again predicted to purchase another 44% of single family homes.
“Now America has a lot of problems, but this should be a unifying problem that every single person who is not part of one of those private equity firms cares about, including current homeowners.”
“Private equity firms have been buying up all the single family homes. So up until very recently, we didn’t actually have the numbers to say just how many homes they’ve been buying up.
And most politicians across the f***** board, Democrat, Republican, whatever, have been saying, well, they’re really only buying, like, 18% of single family homes. And then economists chimed in and said that if private equity firms are buying up anywhere from 18 to 20 to 23% of single family homes in this country.
That by 2030, they would own 60% of all of the homes in America. Well, we just got the final numbers.
Um, in 2023, private equity firms purchased 44% of all of the single family homes in America, which means death for our middle class.
Our generation will not be homeowners. They will have us permanently renting from, like, 2 or 3 companies. Now America has a lot of problems, but this should be a unifying problem that every single person who is not part of one of those private equity firms cares about, including current homeowners.
They bought 44% of all of the single family homes in America last year, and they are set up to purchase an even higher percentage of them this year. Unless we have major reform, almost all of the single family homes in this country will be owned by these private equity firms in a very, very short amount of time.”
Here’s the harsh and frightening reality: we’re slowly becoming a nation of “BlackRock” renters, and it’s not because it’s our choice; soon, it’ll be all we have. Homeownership is becoming a privilege reserved for the elites, while the rest of us “peasants” are left to make do with whatever scraps are tossed our way. Don’t believe us? Well, Business Insider revealed that 44% of flips were sold to investors in Q3. When combining closings between both larger, private equity and smaller, independent operations, investors accounted for 44% of the purchases of flips during the third quarter, the data reveals. And there’s no sign of it slowing down.
What’s truly alarming about this shift is how the “American Dream” once defined us and distinguished the United States from the rest of the world. Now, with that dream fading into the background, it begs the question: What does this say about who we are as a nation and the path we’re on?
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Categories: Contributors