Day 2 of 30-Day 1M $ Investor Challenge
Hey everyone, Vaughn Bethell here from REI Junkies. Grab a seat, because I've got a story that's going to blow your mind.
Picture this: It's a quiet Tuesday morning in 2012. The steps of the Gwinnett County courthouse in Georgia are buzzing with activity. But this isn't your average day at the courthouse. This is what real estate investors now call 'Super Tuesday.'… and it changed the game of American homeownership forever.
On that day, 900 homes were up for auction. Yeah, you heard that right - 900 homes in one day. But here's the kicker: mixed in with the usual crowd of local buyers were guys in fancy suits, representing big Wall Street firms like Colony Capital and Blackstone (BlackRock split off from Blackstone).
These Wall Street types weren't there to buy one or two houses. No, they were there to buy in bulk. In fact, over the next 15 months…
… Blackstone alone would go on to buy a whopping 40,000 homes. Let that sink in for a minute.
This wasn't just a one-off event. It marked the birth of a whole new asset class for investors. Suddenly, single-family homes weren't just places for families to live - for the first time historically, single family homes (like yours) became commodities for Wall Street to trade.Most people aren’t even aware it happened.
Fast forward to today, and in some cities, nearly 30% of single-family home purchases are being made by these corporate giants. They're not looking to sell these homes to families - they're looking to rent them out and make a profit.Builders are building whole blocks of them.
Now, folks, this is Day 2 of our 30 Day Challenge to raise $1 million for first-time homebuyers. Yesterday, we talked about recognizing these Corporate Giants in our midst.
Today, I wanted to give you the backstory, to show you how we got here.Think about how this dovetails into the global narrative of the great reset “You will own nothing and be happy.” that I mentioned yesterday.
At REI Junkies, we're taking a different approach. We believe in community-focused investing. We're not here to turn neighborhoods into corporate rental markets. We're here to help families achieve the American Dream of homeownership.
Just last week, we helped the Lopez family get in their first home. They'd been renting for years, watching as home prices kept rising out of reach. But with our help, they're now proud homeowners……, building equity and stability and generational wealth for their future.
This is what it's all about, folks. It's not just about making a return on investment - though we do that too. It's about being a good steward of our wealth–… making a difference in our communities.
So, if you're an investor looking to make a real impact while also earning solid returns, we want to hear from you. Head over to REIJunkies.com or TEXT “PURPOSE” to 864.477.7770 to learn more about how you can be part of the solution.
Remember, together we can fight back against the corporate takeover of our neighborhoods. One home, one family at a time.
Thanks for tuning in today. Contact me directly if you want to learn how exactly REI Junkies is structuring deals to make homeownership accessible again. And stay tune for Day 3 post and “live” video.
See you then!"
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