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

George Hatch said:
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.
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No wonder Fernando is taking so many freaking vacations…
 
At the same time, and in the same bill from Congress, the practice of preventing foreclosure/collection of any loans backed by taxpayers should be banned, without exception. Loan terms should control each individual contract, and Congress and the President should be barred from interfering with those contracts for any reason (and from using taxpayer funds to pay individual mortgages) as a means of buying votes with others' money. There are about 87 million mortgaged homes in the US, and over 70% of those are backed by taxpayers, so about 60 million homes are subject to artificially being out of the market. Meanwhile, only about 2 million homes are owned by entities owning more than 5 homes. Institutional investors (defined as owning more than 100 units) only own about 615,000 units. But, from vote buying perspective, the most efficient target has been named. When all is said and done, those institutional investors will likely get remuneration several times their loss, but behind the scenes and under the table so that no one hears of it.
 
TerryRohrer said:
At the same time, and in the same bill from Congress, the practice of preventing foreclosure/collection of any loans backed by taxpayers should be banned, without exception. Loan terms should control each individual contract, and Congress and the President should be barred from interfering with those contracts for any reason (and from using taxpayer funds to pay individual mortgages) as a means of buying votes with others' money. There are about 87 million mortgaged homes in the US, and over 70% of those are backed by taxpayers, so about 60 million homes are subject to artificially being out of the market. Meanwhile, only about 2 million homes are owned by entities owning more than 5 homes. Institutional investors (defined as owning more than 100 units) only own about 615,000 units. But, from vote buying perspective, the most efficient target has been named. When all is said and done, those institutional investors will likely get remuneration several times their loss, but behind the scenes and under the table so that no one hears of it.
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Kamala Harris said during her AG period in CA, she had helped homeowners under foreclosures. I don't know exactly what she did but it sounded politically correct to the public but interfering in bank business.
 
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