0:00 how do you have time to study about the government when you're too busy trying to ████ feed your family so it's like you're too busy being your family [Music] all right so the San Francisco Chronicle they used a machine learning to sort through 2.3 million property records in the area of SF and the results showed that majority of the Bay Area is owned by 12 Mega landlords I wouldn't be surprised because a lot of properties what people don't know is owned by like big companies like ████ BlackRock Blackstone is that something that's super common it is now you know because they got the money to buy up everything you remember that one period where like even Zilla was buying up homes yeah so it would be like oh your realtor can't sell it I'll buy it for you it seemed like oh ████ is
0:51 Zillow moving into a market where they're just gonna start buying up all the real estate too um I was just gonna say the gov is the government in on that too but do they have like government uh specific shells that are like Kickbacks or subsidies is that just at like the mortgage-backed Securities whole thing with like the fed and whatnot I think the the politicians who have control over uh you know zoning they get they're the ones getting all the Kickbacks because I think about certain zones couldn't happen unless they made it happen they're getting that nickel off the vending machine man vehicle off the vending machine that ████ hockey coach dude corrupt principles everywhere the the government if you consider like the military and all these things they own a lot of land like they're they're if you if you add them in the list they're one of the biggest land owners of private land or not private but like let's say there's a Zone like there's a military base that would technically be government owned so
1:43 so you said something that kind of sparked a little bit in my my curiosity right now uh Brian looked at you and said is that comment you're like it is now so that means like not long ago most homeowners were really home owners like individuals right maybe like two generations ago a generation ago definitely like I'm guessing in like the 50s and before that if you bought a home you probably bought at home like you own the home whatever right um what does that mean moving forward like obviously in the near future these these 12 Mega landlords or or even like you know 100 years from now even less own more like what is that actually going to do to our Society yeah what does that mean uh we're gonna turn into a renter renting Nation you will own nothing and rent everything and be okay with it in the Sun Belt not even American companies they allow
2:33 two Canadian hedge funds to buy up pretty much the Sun Belt so they're buying up these homes where's the Sun Belt at it's like Georgia that that East Coast Area that Georgia I think the Caroline is right there so you know when Millennials graduate that's where they're migrating because it's close to the beach close to you know closer to the coast but it's affordable so before they even get there these hedge funds are coming in buying up all these new properties and properties and renting it out to them making it almost impossible for them to buy a house so they'd rather just rent these nice or newer homes in on in the Sun Belt so think about this it's the government that allowed it so you gotta think about anytime something happens there's got to be a shot caller she's been to jail before there's always a shock hauler and things don't happen in the yard unless the shot car lets it happen so you think and it's so funny when they just blame corporations you're greedy corporations
3:23 but who's allowing the corporations to come in right so is the move to just buy something as quickly as possible before it becomes a rendered Nation or yeah I think so you think about so Home Building just picked up speed but not on single family homes on apartments or multi-units because it's too expensive to build a home and sell it to a consumer right now because interest rates are so high so they're still building but they're building more Apartments it's pretty much this country is becoming a subscription country so they want you to be tied to the T and keep you know are there any countries that are already like that and we can see what America is turning into not that I know of off top of my head you know I think Canada is probably the worst because Canada's you know things are so expensive in Canada you can only rent and that's why Canada like think about they start off with um free health insurance right everyone gets health insurance now you're used to
4:14 that and then they're going to create another layer and then another layer so like okay it's too expensive at least we'll make sure they're all housing but you have to pay x amount well you can't afford health insurance here's free health insurance for everybody you know so we're a netflix-ass country overall dude yeah yeah it's turned that way I'm going to tell you guys about some of those uh companies that own the properties and they all have like these interesting little characteristics like ████ Oscar Meyer ████ ████ own like 30 homes but they also create they they do like genocide in another name there's no there's like one strange feature about all of them one of them is called Veritas Investments and um so like when they look up the names of like who's operating these apartments Veritas Investments doesn't even appear yet they do run it and in a weird way it's like they uh they they say they work with investors to buy rentals and manage tenants but it won't save Veritas
5:05 Investments however they'll be llc's that have invested with Veritas to own these apartments and those LLCs are registered under the name of the CEO of veritas so it's not actually I don't know what that workaround achieves uh not a shell but like a way to protect legally yeah and it's and it's the CEO and his family members that are registered to those llc's each uh it's pretty much they're diluting the taxes because if you have you know money comes in if you make x amount of money instead of you paying taxes on let's say 100 million bucks all right they spread it out so everyone's tax brackets lower so you pay less taxes so that's one thing reason why they do it and the second reason is for uh if someone gets hurt you're suing the corporation which it's just a shell and then yeah so you can still sue the individual but it won't attack like the parent company Veritas or something like that because they're separate why they make llc's is for each thing
5:58 that you own like a complex or a home they own it's owned by one LLC and that gets that's protecting the the you're assuming the LLC you're not suing the person in general so let's say you know you fall in this building you're suing the person who owns this building only and the building's under an LLC because you can't sue that person directly because you fell into this building because BlackRock owns this place now oh wow so there's another guy named Michael Marr and this dude is Infamous he's one of the East Bay's largest private landlords and then this dude's had this dude has had some problems with the FBI because he has office rated in 2011. um he conspired with a bunch of other bidders to not go into a bidding war when uh properties were up for auction so him and a whole network of people would just one guy would bid for it and no one would fight him so everyone got cheap ass land so that's just called
6:49 friendship in my opinion yeah he was found guilty of friendship homies that's called taking turns remember I paid for dim sum last time guys I kind of agree that does sound kind of cool it's like it's like if all of us were like hey today um it's your turn to get the apartment okay yeah I mean that's unionizing in a way right like a Clifford the Big Red Dog book could be based on that you know that's teamwork dude it's like now you buy a home for cheaper now you buy homes cheap everyone's happy man yeah the thing is they all kept their word and and they no one fought against each other so I'm like that's really friendly yeah is that illegal I think that's illegal I think uh you know it depends how you Corner the
7:39 market I think um you know business is business I see like you know like my buddies they would buy the sensors back then and they would buy the building and they would just you know make things so expensive to force out the other dispensaries and they would do to force them out of the whole area you know Garden Grove and then they would take ownership of it and then it got it so cheap they just forced people out wow they would buy their buildings increase the rent or they would make their products so cheap that the you know the the shops there can't compete and then they'd Force then they'd sell buy the product back from those guys and then kick them out and then end up owning that corner they would own more corners that way so they would like buy that person's business as they move out so they would keep the business in that spot but it's under new ownership they were just like slowly monopolize the entire thing yeah and their clients were still there because think about if you go there to buy your you know your your marijuana still there like it's not like it it
8:29 went anywhere yeah it's part of your route yeah like you're just gonna keep going right so you they buy the building they would uh make their stuff as cheap as possible dirt cheap and they would race start raising rent slowly and then think about you can't sell weed but your rent keeps going up you eventually have to bounce all right okay we'll help you out whatever you have in there we'll buy that 50 off so you can at least walk away yeah when you liquidate they just like consume like take all but when these guys do it it's not against yeah when these guys do it's not Babble and you know yeah yeah right oh dang so the third one they talk about is called Greystar real estate Partners oh we know great stuff you know Greystar okay start owns my building oh wow yeah well they uh they they've been sued by the feds over 200 times in the past 26 years yeah great great Stars International so they're all over the world they own
9:19 almost um in the US 750 000 multi-family units wow and uh seven what the ████ that's 750 000 Apartments the residents dude that's crazy they have a whole country worth of residence and they're known like as the coldest group like they're the like the they're Savage the like the slum Lords of the world well not slumlords but they'll do moves that are like pretty ████ ballsy like they uh they became famous when they demolished a 216 unit rent controlled complex in Silicon Valley yeah yeah to build one bedroom units starting at 32.99 per month well I mean it is Silicon Valley and that's kind of what the whole like uh that brings us back to like these 12 Mega landlords in the Bay Area is that people foresaw the Silicon Valley thing
10:10 and capitalized on it so you know when you're a group with a lot of money and privileged information you can afford to make a move this big yeah sure so it sounds like what um I guess what's like not under scrutiny but what makes it look bad is that for the sake of business they're crushing the affordability of common folks right because they're technically not doing anything wrong by buying like a big ass unit tearing it all down but then now the the demographic here didn't really change and all of a sudden they're all luxury apartments yeah yeah yeah and that's kind of the I think the gripe is a historically SF used to be anti-establishment needs to be more Progressive yeah and now like that thinking is sort of gone because it's being replaced and and that identity is now like forgotten last because the stupid ass ████ workers that are
11:01 at these protests right they're ████ like ████ protesting with their posters The Whole World's changing behind them and they don't know you're like ████ you need to go change ████ back there but like change the laws change in the literally an entire ████ housing project gets crushed gets ████ erected now it's luxury homes and to like change the laws and turn around they're like what the ████ happened my duh dude that's honestly that's the best way you can put it yeah same speed time lapse dude I think uh what Joe said earlier I think the the power of unity even though it's either evil or good if you you have a group of people that can agree on something that the meeting room with same like mine all right same like people meet in the room they agree on something they can do anything that's why I feel like really bad about um you know people out there protesting
11:52 because like they don't know how to fight effectively they think let's March and spread awareness that's gonna reduce prices or whatever that's not like you gotta fight effectively through government through being business savvy through Finance through hitting businesses that you don't agree with or whatever like and then it's just kind of sad because like they'll they'll they'll post ████ on Twitter or whatever thinking that that's doing something or like they'll go out play a ████ they'll hit their back drums and ████ in a drum circle and it's like dude like yeah I see the intensity and the feeling but that ain't doing ████ what you know the ████ that they were doing on ████ um Wall Street bets are like trying to take down hedge funds and things like that like now that's effective or that's hurting certain things because it's
12:42 hurting their money hurting the money that's all you got to do and something's about financials that's all you got to do is gonna hurt the money if you if these companies are coming in and trying to ████ up your neighborhood ████ those companies up figure out how to hurt their money that's all not their feelings don't ████ with their field that doesn't do anything companies don't have feelings yeah they're called I'm gonna disagree dude bongo drums are very effective you just gotta tune them that's all we're gonna fight the man hear that what's that Rhythm it's like I am now aware all these business people are like oh no not the ████ bongo drums there's hippies no but you're right man yeah it's definitely going after the money for sure is the way to go get the money and but they're not educated on how to
13:33 attack how to fight like in business so then they do the best that they can which is go out into the streets and show their anger but like that really does absolutely do nothing they need leaders out there I don't want to lead man well you know what if we could just give this information somehow but then at the end of the day like the people that need to hear and do something about it um I don't even think they're effectively thinking they don't have internet well I think the people uh but you know I think societies kept them in the grind where your head is down just like trying to make it through the next day even though you're hearing it you're not hearing it because you're just trying to make it to the next day and get the next check that's kind of like I think that's exactly right because it's like how do you have time to study about the government when you're too busy trying to ████ feed your family so it's like you're too busy
14:24 being your family that's true that's true quit being a lazy ████ can you make that just a clip on Instagram stop feeding your family [Music]
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