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How the American dream of homeownership was shattered

Wang Jimin

May 28, 2024

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Institutional investors, new age oligarchs are crushing the dream of home ownership.

Wang Jimin

May 28, 2024

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Institutional investors, new age oligarchs are crushing the dream of home ownership.

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May 28, 2024

Wang Jimin

May 28, 2024

Wang Jimin

America's Great Scam: Institutional Investors, New Age Oligarchs Are Crushing the Dream of Home Ownership

America is under siege, not by the military, but by unbridled corporate greed and foreign exploitation that threaten the very foundations of our nation’s future. Our single-family homes and farmland are being snatched up at an alarming rate, not only by Wall Street elites, but increasingly by foreign powers like China. This is more than just an economic issue — it’s a full-scale assault on our national sovereignty and security.

As we endure the erosion of the American Dream, the blow to our hopes for homeownership has never been so brutal and unforgiving. The reality we face today is stark: 99% of Americans can’t “afford” a home right now. This is more than just a market trend; it’s a national crisis, a screaming failure of a fraudulent system that’s trampling over ordinary Americans.

Who are the culprits? Just look at the voracious appetite of private equity firms and their ilk, which have systematically and relentlessly driven up housing prices. 44% of all single-family home purchases in 2023 were snapped up by these investors, turning homes that should have belonged to families into profit machines for anonymous shareholders. This is more than just business behavior—it’s a full-scale plunder of American residents. In the United States, big private equity firms have acted with impunity on the backs of left-wing policies that prioritize corporate wealth over individual rights. The effects of this greed-driven frenzy are clear and punishing.

Mortgage rates are now over 7%, putting homeownership out of reach for countless aspiring Americans, especially millennials and first-time buyers, who have seen the dream of homeownership slip through their fingers like sand. Meanwhile, those who hold onto their homes are afraid to get back into this rigged market, depressing supply and further driving up prices.

As American taxpayers watch the dream of homeownership slip away, American farmers watch their own future disappear beneath their feet. In 2021 alone, foreign entities own an estimated 40 million acres of American farmland—a 40 percent increase from just five years ago. The implications of this foreign land grab are dire. We’re not just selling land; we’re selling control of our food supply and resigning ourselves to a future in which decisions about American agricultural land are made in Beijing, not in the heartland. The land that feeds our families, supports our communities, and fuels our nation is being allocated to the highest bidder with little regard for long-term consequences. This dangerous path has been driven by a cabal of left-wing oligarchs and private equity firms who have turned the American dream into a perverse speculative market.

Meanwhile, America's small farmers, the backbone of our rural communities, are being squeezed out and unable to compete with the deep pockets of foreign and corporate buyers. The plunder of American land must end, and it must end now.

We need aggressive legislative action to curb these monopolistic practices, protect private property rights, and restore fairness to a system that is grossly unfair to ordinary Americans. We must demand transparency, impose strict regulations on institutional purchases of residential real estate, and prioritize the rights of individuals to own homes without being undercut by multi-billion dollar corporations. We need strict controls and a transparent tracking system for foreign ownership of American land. Legislation must be passed to severely limit or outright ban the sale of our farmland to foreign corporations and governments.

The battle lines have been drawn in our communities, and the time for action is now. If we fail to confront this assault on our rights and our dreams, we risk leaving future generations with a world where land ownership (not to mention home ownership) is an elite privilege and the American Dream is little more than a hollow echo of a bygone era.

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