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Trump says U.S. to ban large investors from buying homes

I have a neighborhood about 200 cookie cutter homes. There were at the time only 2 or three owner occupied' . All the others were owned by two corporations. These corporations our buying them for Investment Value.
 
J Grant said:
first good idea he has for the American people !
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It seem like that prescription drug price cap might show some promise as well but I haven't heard how that's shaping up yet.
 
These actually are examples of growing govt reach. Same with rent controls and seizing properties for govt ownership and operation.

The motivations for such might appeal to a lot of people but it doesn't alter the point that more govt control is more govt control.
 
George Hatch said:
These actually are examples of growing govt reach. Same with rent controls and seizing properties for govt ownership and operation.

The motivations for such might appeal to a lot of people but it doesn't alter the point that more govt control is more govt control.
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Sometimes "govt control" is for the greater good ! The government is controlled by We the People - it works both ways.

The reality is our nation has policies and laws and regulations, but most of them now favor big businesses and corporations and the 1%. THEY are not screamign govt control since it benefits them! So if the government makes some regulations, policies, or tax code that favors workers and the middle class instead, why shouldn't the people who work and pay taxes have their voices heard? Consider who benefits from the fear-mongering about government control - just because Reagan warned about it decades ago - his idea of America was trickle-down a few crumbs for the workers and middle class.
 
George Hatch said:
These actually are examples of growing govt reach. Same with rent controls and seizing properties for govt ownership and operation.

The motivations for such might appeal to a lot of people but it doesn't alter the point that more govt control is more govt control.
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I'm pretty libertarian, but I think the issue here is that the corporate owned single family housing rental portfolios are not happening under true "market economy" conditions. This phenomenon only really started happening when funny money was in full swing, and really kicked off during covid (started in 2008ish).
 
cashcatz said:
I'm pretty libertarian, but I think the issue here is that the corporate owned single family housing rental portfolios are not happening under true "market economy" conditions. This phenomenon only really started happening when funny money was in full swing, and really kicked off during covid.
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I may be way off base on this but IMO

My read on that is that the govt play of injecting more cash and favorable terms into the economy built what amounts to a financing bubble. Perhaps time to stop digging. I also think doubling the minimum wage has contributed significantly to housing increases. I think most of the additional cash not already being consumed by CPI inflation is going straight into the pockets of the housing HAVES at the expense of the HAVE-NOTS. Those have-nots are not seeing significant increases in their economic leverage.
 
cashcatz said:
I'm pretty libertarian, but I think the issue here is that the corporate owned single family housing rental portfolios are not happening under true "market economy" conditions. This phenomenon only really started happening when funny money was in full swing, and really kicked off during covid (started in 2008ish).
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That's a fact. I've been watching a vacant town home on my mother's block that is been sitting there with no tenants for over over two years now. They keep the lawn mowed but it's gradually going downhill because nobody cares that the garage door is broken and the trim is falling off of it. Owned by a corporation out of Chicago and apparently It's just another entry in some big spreadsheet that nobody is monitoring. A locally owned piece of real estate would not be handled in such sloppy manner. "Real estate is always working", either for you, or against you. That piece of real estate is currently working "against" its absentee landlord.
 
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