Ex-Manager of a Holiday Inn now used as a shelter

Looks like your title was posted wrong... It should say:
Ex-Migrant Shelter Director Blows Whistle on Fraud

 

housing shortage for all in the us can easily be solved by restricting ownership

 

Home ownership is already fairly restricted....

 

not to large corporations and foreign entities

 

Yep... Private Equity Firms buying thousands of houses a month are taking the houses out of the market where people who actually live in the home they buy will never be able to buy those homes again. Those houses get gobbled up into portfolios worth billions of dollars that are sold amongst private equity as cash transactions, never to benefit humanity again. And had the democrats not got their arse handed to them in the election and had won, draft legislation written in 2024 would of already been passed into law to take the profitability out of private equity owning housing portfolios and we would of seen them braking up those portfolios and putting them back into the market for people of more modest means to own.

 

A company that buys a house and never uses it assumes a tremendous liability with no profit-
They must pay:
insurance,
upkeep,
property taxes,
landscaping care,
utilities
etc. etc etc...
all with no income from the property.
That is nonsense

If they rent it or sublet it - then of course people get use out of it.

In most areas of our country that are properly run - abandoned houses stand out like a sore thumb and the properly functioning municipality will condemn them and take them away from the owner to be demolish or repurposed.

In areas of the country that are improperly run abandoned houses may be possible but they produce no income for the owner and are a tremendous potential liability to them.

Real Estate Ownership is not political it is driven by pride, dignity and hard work in most areas of our country.

A confirmation of this would be the many millions of immigrant who would like come to our country and enjoy its many potential advantages.

Looking around most people we know who own homes have spent a lifetime of hard work and scrimping/saving to afford their home and maintain it.

Why More Americans Are Choosing to Rent in 2025 | Realbricks
"Beyond affordability, many are choosing to rent due to lifestyle preferences. Renting provides unparalleled flexibility, allowing individuals to move for career opportunities, be closer to urban centers, or avoid the burdens of home maintenance. Without the worries of property taxes, repairs, or unexpected housing market downturns, renting has become an attractive option, not just for those who cannot afford to buy but also for those who prefer convenience and freedom.

Institutional investors have also played a pivotal role in shaping the rental market. Companies like Blackstone and Invitation Homes have aggressively expanded their portfolios, purchasing thousands of single-family homes and converting them into rental properties (Wall Street Journal). This trend has given rise to build-to-rent communities, entire neighborhoods designed specifically for renters. With 31% of all rented homes now being single-family properties (Baselane), the demand for suburban rentals is at an all-time high, presenting investors with a lucrative opportunity."

 

Some corrections, likely because Kentucky is way different than megalopolis regions on the west coast and east coast.

-- Private Equity not only acts like slum lords, but they're directly responsible for conspiring to cause massive inflation in rental rates (avg. 30% in just past 4 years) to the point that there's 12 vacant houses for every homeless person in the country because too many people with full time jobs at minimum wage can't afford the rent.

-- If you're planning on eventually financing tens of millions into giant condo & apartment complexes the cost of buying the lots to build on and keeping existing sing-family homes on those lots vacant for years or even decades is a drop in the bucket compered to how big your profits are going to be if you get tens of millions in financing.

--The lowest priced homes in Seattle currently require you make at least $163K per year to secure a loan to buy a house.

-- Pride, dignity and hard work is not why millionaires and billionaires have so much money, they get it from taking more than their fair share from other people's who work hard to generat revenue that rich guy's always steal. The only people who say otherwise are shills to help further the racket that keeps accelerating greater and greater disparity of wealth.

 

Your source seems to agree that institutional investors are playing a pivotal role in shaping markets so that the "ownership/pride/digity" experience is enjoyed by fewer than before, while the "try to get my landlord conglomerate to fix the blocked drain" experience is enjoyed by more.

 

As @bisco says, we need to limit who can own homes... A home is to shelter you and your family, but given the explosive rise in real estate values our current economic system would rather make you and your family live in your Prius so they can use your home for sheltering and growing their wealth / eating up most all of the paychecks of higher income earners who can still afford outrageous rents.

 

Yes very restrictive to hard working people who still can't make rent despite working two jobs, and NO! Absolutely not restrictive enough at all when it comes to ultra wealthy players unfairly corrupting the entire system to their advantage in ways that makes way to many hardworking people homeless:

"There’s another view, however, in which one underappreciated cause of runaway housing costs is the market power of developers and landlords — and more recently, software that allows them to leverage this power in unfair ways. The prime example of this is the recent Department of Justice lawsuit, joined by eight states, against the property management software company RealPage. The DOJ’s suit follows Arizona and the District of Columbia and class-action lawyers filing complaints against the platform. According to the lawsuits, RealPage coordinated with landlords in cities such as Atlanta, Boston, Phoenix, Seattle, and Washington, D.C. to prioritize higher rents and accept lower occupancy rates, with the understanding that their overall profits will be higher under this strategy." The Market Alone Can’t Fix the U.S. Housing Crisis

 

and air bnb etc need to be outlawed