From 2011 to 2014 we have seen a massive increase in the cost of living for the next generation of first time home buyers driven by investment banks and individual investors trying to make a quick dollar. By purchasing and subsequently securitising bundles of homes, banks have destroyed the dream of home ownership for hundreds of thousands of Millennials and normal Americans alike. Virtual monopolies have been able to outbid normal American families causes home prices to skyrocket at over 30% a year. According to a report, large investors alone own over 13,000 homes in Phoenix! Regular citizens ask President Obama, Senate and Congress to pass legislation limiting the amount of speculating organizations are allowed to do. Let regular Americans realize their dream of home ownership!
This is historical material “frozen in time”. The website is no longer updated and links to external websites and some internal pages may not work.
