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The Government Tries to Stop Hedge Funds From Buying Single Family Homes · Earn Your Leisure

• 0:00
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 0:03
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 0:07
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 0:11
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 0:15
  Speaker 1: some of the heinous migrant criminals caught because of President
• 0:19
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 0:23
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 0:28
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 0:31
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 0:35
  Speaker 1: are here illegally, your next you will be fined nearly
• 0:39
  Speaker 1: one thousand dollars a day, imprisoned, and deported. You will
• 0:43
  Speaker 1: never return. But if you register using our CBP home
• 0:46
  Speaker 1: app and leave now, you could be allowed to return legally.
• 0:50
  Speaker 1: Do what's right, leave now. Under President Trump, America's laws,
• 0:55
  Speaker 1: border and families will be protected.
• 0:57
  Speaker 2: Sponsored by the United States Department of Homeland Security.
• 1:00
  Speaker 3: So a bill has been introduced that would prevent hedge
• 1:02
  Speaker 3: funds from owning single family homes in the United States.
• 1:06
  Speaker 3: Do you think this will pass?
• 1:08
  Speaker 4: Absolutely not, But I love it. The idea there's no
• 1:11
  Speaker 4: way in hell. So doctor ross Mack, who was just
• 1:13
  Speaker 4: with Ken Griffin the other night, Ken probably is going
• 1:17
  Speaker 4: to build the biggest mega mansion in Miami. From what
• 1:19
  Speaker 4: I'm hearing, I think real estate, investment space and binding
• 1:26
  Speaker 4: these are personally are not good for the average citizen.
• 1:29
  Speaker 4: It's not going to be good for our that'tsch GDP ratio,
• 1:32
  Speaker 4: it's not going to do good for like any consumer sentiment.
• 1:36
  Speaker 4: But I kept saying, like, if the games are magnificent seven,
• 1:42
  Speaker 4: there's not enough money for every hendge fund to deploy
• 1:46
  Speaker 4: capital there. And if you're going to like like Russell
• 1:48
  Speaker 4: two thousand stocks to outperform the market, your client may
• 1:52
  Speaker 4: not like them. Fun go into real estate, as a
• 1:55
  Speaker 4: hedge talked about that at the event with JP Morgan.
• 1:59
  Speaker 4: But people don't know Berkshire owns fourteen thousand doors quietly,
• 2:03
  Speaker 4: so even if their portfolio in stocks goes down, people
• 2:07
  Speaker 4: are going to have to still pay rent regardless. I
• 2:10
  Speaker 4: understand why the hedge funds and fund of funds have
• 2:13
  Speaker 4: went to the space, but they've driven the price up
• 2:15
  Speaker 4: for the average consumer too much. I don't think the
• 2:17
  Speaker 4: bill will be passed, but I think there does need
• 2:19
  Speaker 4: to be a provision to stop some of this from
• 2:22
  Speaker 4: happening for sure, Like we should not be competing against
• 2:25
  Speaker 4: black Rock, Blackstone and Vanguard shot the Vanguard my family.
• 2:30
  Speaker 2: I love y'all.
• 2:33
  Speaker 4: If you're in a real estate business, they should not
• 2:35
  Speaker 4: be your primary competitors. But it drives me back to
• 2:37
  Speaker 4: my point, everyone on earth, to your competitor, you just
• 2:40
  Speaker 4: don't know what yet.
• 2:43
  Speaker 2: The answer is.
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  Speaker 5: No, like you said, and it's a it's a democratic initiative,
• 2:50
  Speaker 5: and we already know how this works. When it's democratic,
• 2:53
  Speaker 5: it's republic I mean, it's just a mess.
• 2:55
  Speaker 2: Right.
• 2:55
  Speaker 5: So the bill's aim is to not only ban hedge
• 2:57
  Speaker 5: funds for massing large portfolios single family homes, but also
• 3:01
  Speaker 5: to force them to sell off their portfolio. That's the
• 3:04
  Speaker 5: other part of it. Yeah, the bill will require hedge
• 3:07
  Speaker 5: funds to sell at least ten percent of the total
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  Speaker 5: number of single family homes they currently own to families
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  Speaker 5: per year over a ten year period. After the ten
• 3:15
  Speaker 5: year full phase is out, all hedge funds will be
• 3:18
  Speaker 5: completely banned from owning any single family homes, even them
• 3:21
  Speaker 5: selling ten percent. I mean, what what market price do
• 3:25
  Speaker 5: they have to set for it? Does it make it
• 3:26
  Speaker 5: more affordable now that they can sell them. Probably probably not.
• 3:31
  Speaker 5: And so again this is something on the premise, the
• 3:35
  Speaker 5: idea of it. Yeah, that makes sense, right, Like for
• 3:37
  Speaker 5: somebody that's trying to get their first home or somebody
• 3:39
  Speaker 5: who's trying to get investment property, the average person to
• 3:43
  Speaker 5: compete with financial financial institutions that have billions, it's not
• 3:47
  Speaker 5: a it's not a fair playing ground. So yeah, maybe
• 3:50
  Speaker 5: some legislation, but this band I can't see it happening.
• 3:54
  Speaker 2: Going back to there's no democracy.
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  Speaker 4: If we were living living in a truth good democratic state,
• 3:59
  Speaker 4: we would now ever have monarchs of the United States
• 4:02
  Speaker 4: be able to do.
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  Speaker 5: This, right, Like you're trying to buy a home and
• 4:04
  Speaker 5: they're trying to buy your neighborhood.
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  Speaker 2: This is a totally different playing field.
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  Speaker 3: Yes, well, and that's one of the reasons why the
• 4:10
  Speaker 3: real estate market has not really you know, crashed, and
• 4:13
  Speaker 3: and that's one of the reasons why you know, housing
• 4:15
  Speaker 3: is becoming more and more unaffordable. Rents are going up,
• 4:18
  Speaker 3: and it's going to be an interesting stay. I think
• 4:20
  Speaker 3: at some point in time you have to have some
• 4:21
  Speaker 3: legislation that's put in place, because if not, then every
• 4:25
  Speaker 3: single home in America be owned by a hedge funnel
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  Speaker 3: or you know, a major financial institution, and everybody's gonna
• 4:31
  Speaker 3: be forced to be a renter.
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  Speaker 2: Anyway.
• 4:32
  Speaker 3: There's a shortage of homes on the market in a
• 4:36
  Speaker 3: variety of different places in America, which is also causing
• 4:39
  Speaker 3: home prices to go up. So being that there's not
• 4:42
  Speaker 3: there's not enough homes actually on the market, this there's
• 4:46
  Speaker 3: a housing crisis currently. There's already a housing crisis. People saying,
• 4:51
  Speaker 3: like the House that this is going to be a
• 4:52
  Speaker 3: housing crisis coming. But there's already a housing crisis, and
• 4:55
  Speaker 3: there's there's you know, if you graduated college twenty five old,
• 5:00
  Speaker 3: like where you're gonna live, if you live in any
• 5:02
  Speaker 3: metropolitan area, like, how you're gonna live.
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  Speaker 5: So here's the question, because I'm glad you said that,
• 5:07
  Speaker 5: that's an an excellent point. I was just doing the
• 5:09
  Speaker 5: research on this. There is a housing crisis, and there
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  Speaker 5: potentially could be. People are actually finding out that the
• 5:18
  Speaker 5: government of the United States and a lot of financial
• 5:21
  Speaker 5: institutions are encouraging underbuilding. Right, so if you underbuild, that
• 5:25
  Speaker 5: means there would be less homes, which means that now
• 5:28
  Speaker 5: those homes that are existence, I can now raise a
• 5:30
  Speaker 5: price on. So if a hedge fund is owning let's say,
• 5:33
  Speaker 5: fourteen thousand homes and it's underbuilding happening, those fourteen thousand
• 5:37
  Speaker 5: homes are gonna increase earners.
• 5:40
  Speaker 2: What's up?
• 5:40
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• 7:30
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 7:33
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 7:37
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 7:42
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 7:46
  Speaker 1: some of the heinous migrant criminals caught because of President
• 7:49
  Speaker 1: Donald J. Trump's leadership. I'm Christy nom the United States
• 7:53
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 7:58
  Speaker 1: crossings are at the lowest lefe ever recorded, and over
• 8:02
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 8:05
  Speaker 1: were here illegally, your next you will be fine nearly
• 8:09
  Speaker 1: one thousand dollars a day. Imprisoned and deported, you will
• 8:13
  Speaker 1: never return. But if you register using our CBP home
• 8:16
  Speaker 1: app and leave now, you could be allowed to return legally.
• 8:20
  Speaker 1: Do what's right, leave now. Under President Trump, America's laws,
• 8:25
  Speaker 1: border and families will be protected.
• 8:28
  Speaker 5: Sponsored by the United States Department at Homeland Security, Peace
• 8:30
  Speaker 5: over time fifteen two years. Right, So this is like
• 8:33
  Speaker 5: a real thing that people are not paying attention to.
• 8:36
  Speaker 4: Y'all better go to grave diga mountain with young NBA,
• 8:38
  Speaker 4: young boy, Oyoming, Ohio, Iowa, nebrask You're gonna have to
• 8:45
  Speaker 4: hit some of these places that are not as popular,
• 8:47
  Speaker 4: like even the finding locations for what's next. So like
• 8:50
  Speaker 4: in twenty fourteen when I made the decision moved to Houston,
• 8:54
  Speaker 4: most state income tax businesses booming. Now Mexico, Now you guys,
• 9:00
  Speaker 4: then u AE, you gotta make a way the like,
• 9:01
  Speaker 4: you are always gonna have to find what's the next
• 9:04
  Speaker 4: point to skate to and keep investing. This is another
• 9:09
  Speaker 4: reason I say, So, you're not gonna buy a house,
• 9:10
  Speaker 4: You're not gonna buy crypto, you're not gonna buy stocks,
• 9:13
  Speaker 4: you're not gonna buy business. You're gonna make a podcast,
• 9:16
  Speaker 4: and your podcasts gonna fail. Man invest in what's working?
• 9:20
  Speaker 4: Put everybody? Put it in chat Man Investing is so simple.
• 9:22
  Speaker 4: It's the easiest thing on earth to do. If the
• 9:26
  Speaker 4: rent market like, the reason the housing prices will never
• 9:28
  Speaker 4: drop is because so many businesses and hedge funds are
• 9:31
  Speaker 4: in it. They have to set a level for a
• 9:34
  Speaker 4: true support level for institutional buy in. And even if
• 9:37
  Speaker 4: those hedgehunds sell off ten percent, they aren't gonna do
• 9:40
  Speaker 4: anything but make another company that's not tied to them
• 9:43
  Speaker 4: to buy the properties back and sell them that profit,
• 9:48
  Speaker 4: or Blackstone to sell the black rock. Okay, so wiki game,
• 9:55
  Speaker 4: But what.
• 9:55
  Speaker 2: Can you do.
• 9:58
  Speaker 5: Right they hit If the mandated they have percent it
• 10:00
  Speaker 5: at least ten percent, what happens to the other ninety.
• 10:03
  Speaker 2: Oh well, that's where the lobbying power comes in. Okay,
• 10:07
  Speaker 2: I'll send you Okay.
• 10:10
  Speaker 4: Yeah, money to get power, power to protect the money.
• 10:14
  Speaker 2: The Medici family rule.
• 10:17
  Speaker 3: Money, money makes the world go around.
• 10:18
  Speaker 2: That's absolutely okay.
• 10:21
  Speaker 3: So one last thing before we bring our guests on,
• 10:24
  Speaker 3: Let's talk about regulators court Wells Fargo and other banks
• 10:29
  Speaker 3: in a probe over mortgage pricing discrimination. Staying in line
• 10:33
  Speaker 3: with the real estate conversation, what are your thoughts and
• 10:37
  Speaker 3: what changes will come as a result of this.
• 10:42
  Speaker 4: I want to ask you on this question. How's willis
• 10:44
  Speaker 4: Fargo's seiling business? But they are operating like Omar from
• 10:47
  Speaker 4: the wire for the last fifteen years at shout out
• 10:50
  Speaker 4: to Wells Fargo. I want any drama YadA yadaists and
• 10:54
  Speaker 4: put on my cape, But how are they sealing business?
• 10:57
  Speaker 2: Now?
• 10:57
  Speaker 4: If you go look at the origin of Wells Fargo.
• 10:59
  Speaker 2: How they again?
• 11:00
  Speaker 4: Go google who is their founder and how did the
• 11:03
  Speaker 4: company come about? They've had a nefarious history since the
• 11:07
  Speaker 4: founder of the company. But do I think changes will
• 11:11
  Speaker 4: be brought about? No, every bank discriminates, but they seem
• 11:15
  Speaker 4: to be a little bit more egregious in their discrimination
• 11:18
  Speaker 4: and opening accounts and opening up credit cards. And I'm
• 11:21
  Speaker 4: even hearing stories of home equity lines of credit being
• 11:24
  Speaker 4: opened up allegedly for people that have passed. So this
• 11:28
  Speaker 4: is one of the reasons I've never liked the stock.
• 11:30
  Speaker 4: Don't like the way the company's been ran. Those of
• 11:34
  Speaker 4: you who work there, I know these issues were forced
• 11:36
  Speaker 4: upon you. So I'm not casting any expersions about your
• 11:39
  Speaker 4: character if you work there, But I have no clue
• 11:42
  Speaker 4: how Wells Fargo is still in existence after all the
• 11:44
  Speaker 4: bullshit they've done in the last fifteen twenty years that
• 11:47
  Speaker 4: is public Like, if this is known about publicly, what
• 11:51
  Speaker 4: is happening that we don't know about?
• 11:54
  Speaker 2: A whole lot? Like?
• 11:56
  Speaker 4: Could you imagine how much trouble we would get in
• 11:58
  Speaker 4: if we just everybody on YouTube we open up a
• 12:00
  Speaker 4: red Panda and the u L account and charge them
• 12:03
  Speaker 4: for it.
• 12:07
  Speaker 2: We would have been screaming up the fact your thing.
• 12:08
  Speaker 5: Please don't please don't don't, please don't, please don't what
• 12:15
  Speaker 5: how are you getting away with this for this long?
• 12:17
  Speaker 2: Please don't shout out to Joe Crack great rebrand too.
• 12:23
  Speaker 4: That's when you know the money coming in when you
• 12:25
  Speaker 4: take away the hotels Like, no, those.
• 12:27
  Speaker 2: Are all those weren't true? Those were not true at all.
• 12:31
  Speaker 5: Yeah, very I mean the stories of Wells Swago have
• 12:39
  Speaker 5: been well documented, especially over the past two years. I mean,
• 12:42
  Speaker 5: this is national news man, national news that we've we've
• 12:46
  Speaker 5: spoken about it. We've had Matt and he came on
• 12:48
  Speaker 5: and he spoke about it. From that standpoint, I mean,
• 12:50
  Speaker 5: what do we expect change do? I mean that would
• 12:53
  Speaker 5: be the real question. Do we expect change?
• 12:55
  Speaker 2: No?
• 12:56
  Speaker 5: Right, Like, there'll be a racial and uh lesion division
• 13:00
  Speaker 5: that will be added. There'll be some programs that are
• 13:03
  Speaker 5: allocated for people of.
• 13:07
  Speaker 2: That'll be the change.
• 13:08
  Speaker 1: An illegal alien from Guatemala charged with raping a child
• 13:12
  Speaker 1: in Massachusetts. An MS thirteen gang member from Al Salvador
• 13:16
  Speaker 1: accused of murdering a Texas man of Venezuelan charged with
• 13:20
  Speaker 1: filming and selling child pornography in Michigan. These are just
• 13:24
  Speaker 1: some of the heinous migrant criminals caught because of President
• 13:28
  Speaker 1: Donald J. Trump's leadership. I'm Christy Noman, the United States
• 13:32
  Speaker 1: Secretary of Homeland Security. Under President Trump, attempted illegal border
• 13:36
  Speaker 1: crossings are at the lowest levels ever recorded, and over
• 13:40
  Speaker 1: one hundred thousand illegal aliens have been arrested. If you
• 13:43
  Speaker 1: are here illegally, your next you will be fined nearly
• 13:47
  Speaker 1: one thousand dollars a day. Imprisoned and deported, you will
• 13:51
  Speaker 1: never return. But if you register using our CBP home
• 13:55
  Speaker 1: app and leave now, you could be allowed to return legally.
• 13:59
  Speaker 1: Do what's right. Leave now. Under President Trump America's laws,
• 14:04
  Speaker 1: border and families will be protected.
• 14:06
  Speaker 2: Sponsored by the United States Department of Homeland Security,