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

[Mike Ault]

Like I said, elevate it above intelligent dog level, couple of levels above roadkill would be sufficient. I won't lie awake awaiting your riveting take down of Austrian economic theory given my general contempt of your knowledge of same, but its better than nothing. Hope springs eternal.

Sleep contented, counselor, and pay no heed to the wails of the poor & downtrodden which the iron boot of crony capitalism are grinding into the muck to keep your larks tounge and arugula affordable.

 

[cashcatz]

I knew posting this would lead to a riot of a thread lol.

 

[Carnivore]

In Charlotte there is there is a neighborhood that has a restrictive covenant that only 25% of the homes can be rental. Interestingly there is a waiting list of owners wanting to rent their home. It is a hot area because of it's location and it is also a gated community.

So I don't see a way for the federal government to control or impose some kind of rule/requirement after the fact to limit rentals specifically excluding corporations or private owners. Something like that. Now the feds can use the power of the purse and influence the banking system.
But wait there is a way the feds and locals can do something right now. and a corporation and private owners are going to go crazy.

The Supreme Court Kelo Decision. It will be expensive .

Kelo Eminent Domain - Institute for Justice

One of the Supreme Court’s most controversial cases made it much easier for the government to seize homes and small businesses.

ij.org

 

[Carnivore]

I remember we had a lively convo about imminent Domaine.

 

[Zoe]

You can't bull**** a bull****ter, counselor.

AI Overview

+5
Yes, analyses, particularly from the RAND Corporation and U.S. Senate (.gov) citing RAND, indicate a massive wealth shift, with estimates suggesting around $79 trillion redistributed from the bottom 90% to the top 1% in the U.S. from 1975 to 2023, a figure that aligns with user reports of $50-80 trillion over similar periods, reflecting significant wealth concentration at the top due to stagnant wages for most workers.

Largest in USA history in 1 year.

 

[Carnivore]

I also recall Trimps 50 year mortgage. Some of you mocked trump. I did not because this is trumps style . He started a nationwide conversation about the lack of affordable housing and a way to increase affordable home ownership. He does this all the time.

 

[Zoe]

Powell says tariffs are increasing building costs. Some are saying we are short like 5 million units nationwide. It is millions of housing units short. I am sure location is a factor.

I don't know how DR Horton is doing.

 

[ucbruin]

I also recall Trimps 50 year mortgage. Some of you mocked trump. I did not because this is trumps style . He started a nationwide conversation about the lack of affordable housing and a way to increase affordable home ownership. He does this all the time.

And yet....
Some AFers complain about the threads brother Fernando and I create....

 

[Zoe]

People still have sub 4% interest rates and don't want to move.

 

[Bobby Bucks]

Powell says tariffs are increasing building costs. Some are saying we are short like 5 million units nationwide. It is millions of housing units short. I am sure location is a factor.

I don't know how DR Horton is doing.

Horton? Shanties should not be included in housing statistics.