NEWS
LIFESTYLE
FUNNY
WHOLESOME
INSPIRING
ANIMALS
RELATIONSHIPS
PARENTING
WORK
SCIENCE AND NATURE
About Us Contact Us Privacy Policy
© GOOD Worldwide Inc. All Rights Reserved.

Woman explains why middle-class home ownership is becoming a distant dream and she has a point

Rose mentioned that private equity firms buying homes is directly connected to the housing problem that middle-class people are facing.

Woman explains why middle-class home ownership is becoming a distant dream and she has a point
Cover Image Source: TikTok | @travelingnurse

One of the major problems with the rising inflation and the current status of the economy is housing. People are unable to manage renting good homes, let alone buying one. Unfortunately, this problem has led to another issue of highly-priced houses, which makes it impossible for middle and working-class families to afford the same at any cost. Alexis Rose–who goes by @travelingnurse on TikTok–highlighted the reason behind the shortage and the increasing prices and she hit the nail on the head with accuracy. Rose mentioned that in a video she came across, there was a discussion on how private equity firms are buying homes and how it is connected to the housing problem middle-class people are having. 

Image Source: TikTok|@travelingnurse
Image Source: TikTok|@travelingnurse

"Up until recent times, we've had no study to tell us just how many homes they are buying up," Rose said. There were estimates she mentioned should have had private equity firms with a 60% share of housing structures after a few years in 2030. However, the woman added that the study revealed a more shocking find. "We just got the numbers. In 2023, private equity firms purchased 44% of homes in America, which means death for our middle class," Rose revealed. With the significant difference in calculations on the high percentage at which private firms are purchasing homes, Rose mentioned the horror of the current generation never being able to become homeowners. "They will have us permanently renting homes," she said. 

Image Source: TikTok|@travelingnurse
Image Source: TikTok|@travelingnurse

Rose further mentioned that the companies plan on increasing the purchase rate in the coming years. "Unless we have a major reform, all of the single-family homes will be purchased by these private equity firms," she added. In a follow-up video, she explained why private equity firms are keen on purchasing home structures and it wasn't just for investment. Rose revealed that these purchases are linked to drastically changing the lives of middle-class employees. "Anywhere that has a large amount of tech companies employing workers, they're going to be using a business model much like this one," Rose said. 


@travelingnurse Say goodbye to whatever crumb of a middle class is left @TiffanyCianci #middleclass #homeownership ♬ original sound - lex RN BSN

 

Sharing the example of her area, Rose explained that Microsoft was heading a project in her neighborhood. "So you had to work for Microsoft to live in the neighborhood," she said. Elaborating further, Rose said, "You and your entire family's well-being is now tied to your job." She pointed out that employees may indirectly be under companies' control if their entire lives are held by their jobs. "Good luck with a labor movement when your entire working base and their family's quality of life, including housing, education, health insurance, is reliant on the job," Rose shared.

Image Source: TikTok| @NvMe54
Image Source: TikTok| @NvMe54
Image Source: TikTok|@baamnbamn
Image Source: TikTok|@baamnbamn

She pointed out that creating such a housing model is the top reason why companies are buying out homes. People resonated with the message after observing the state in their areas. @rjbarrett2 said, "All I want to do is live in Redmond next to my family, but I can't because of Microsoft. A studio costs $2000 per month for 300 square feet." @comradecritter said, "I'm afraid that's going to happen in the Raleigh/Durham NC area because there's already a housing shortage and tech boom."

You can follow Alexis Rose, a.k.a. Lex (@travelingnurse) on TikTok and Instagram for more content on lifestyle.

More Stories on Scoop