2,387 videos 1,376,944,188 views US Joined Aug 30, 2018
Charlie Kirk is the Founder and President of Turning Point USA, the largest and fastest growing conservative youth activist organization in the country with over 250,000 student members, over 150 full-time staff, and a presence on over 2,000 high school and college campuses nationwide. Charlie is also the Chairman of Students for Trump, which aims to activate one million new college voters on campuses in battleground states in the lead up to the 2020 presidential election. His social media reaches over 100 million people per month and according to Axios, he is one of the "top 10 most engaged" Twitter handles in the world. He is also the host of “The Charlie Kirk Show,” which regularly ranks among the top news shows on Apple podcast charts.
Charlie Kirk on Why Young Americans Cannot Afford Homes and What Black Rock Is Doing
A young American asks Charlie Kirk about the future of home ownership for his generation. Kirk reveals that the income required to buy a home has skyrocketed from $59,000 to $106,000 in just four years. He addresses the role of corporations like Black Rock purchasing homes and renting them back to Americans, the impact of Federal Reserve interest rate decisions on housing prices, and why he believes the political class has robbed young people of their ability to achieve what previous generations took for granted. Kirk outlines his vision for restoring a basic social contract that includes marriage, children, and home ownership for Generation Z.
A young adult attending a Charlie Kirk event asked a question that resonates with millions of Americans his age: Will he ever be able to afford a home like his parents did? The statistics Kirk shared in response reveal the depth of the crisis facing Generation Z.
Four years ago, the average income required to buy a home in America was $59,000 per year. That figure has now jumped to $106,000 annually—and Kirk notes that in cities like Las Vegas, the requirement is likely even higher. This dramatic increase represents a fundamental shift in the accessibility of home ownership for young Americans.
Black Rock and Corporate Home Ownership
Kirk did not mince words about who he believes is responsible for this crisis. He stated directly that young Americans "have been robbed by the DC political class" and pointed to corporations like Black Rock that purchase homes and then rent them back to Americans.
Kirk expressed his personal support for preventing multi-trillion dollar corporations like Black Rock from buying up residential properties and converting them into rental units. He sees this practice as fundamentally undermining the American dream of home ownership.
The Trump Years Versus the Biden Era
Kirk contrasted the current situation with conditions during the Trump presidency. He argued that home ownership was within reach for young people during that period, with wages increasing and young people seeing their economic prospects improve. According to Kirk, the Biden administration has "destroyed all of that" and "obliterated the ability for you to be able to own a home."
Kirk emphasized that these are not political talking points but verifiable facts that can be confirmed by examining the economic data from the past four years.
A Basic Social Contract for Generation Z
Kirk articulated what he considers a fundamental vision for young Americans, regardless of their political beliefs. He wants three basic things for every member of Generation Z: the ability to get married, have children, and own a home.
These three elements, Kirk argued, should form the "very basic social contract" for this generation. His message centers on restoring these possibilities that previous generations could take for granted.
Federal Reserve Interest Rates and Election Politics
When asked about potential changes in the housing market, Kirk addressed the Federal Reserve's recent announcement about cutting interest rates three times before the election. He warned that this decision could actually make the situation worse for young potential homebuyers.
Kirk suggested that young people might actually benefit from interest rates going up, as this could lead to a collapse in housing prices that would allow them to "swoop in" and purchase homes at more affordable prices.
The Political Timing of Rate Cuts
Kirk offered a controversial opinion about the Federal Reserve's motivation for lowering interest rates. While acknowledging he has no direct evidence beyond speculation, he suggested that the Fed is lowering rates specifically to help get Joe Biden reelected. He noted that the market went up following the rate cut announcement.
Kirk predicted that the interest rate cuts would trigger a flood of buyers entering the housing market, which would likely drive home prices up another 5 to 10 percent before the end of the year—making the situation even more difficult for young Americans trying to break into home ownership.
