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

[cashcatz]

I also think doubling the minimum wage has contributed significantly to housing increases.

It's not the hourly workers pushing housing prices up, it's the money printer go brrrrr and looking for places to go:

 

[Fernando]

Higher minimum wagers can't afford to buy a home but they can help pay for higher rents.

 

[Carnivore]

I recall Trump negotiated a lower price for 15 or so common prescriptions that are fairly exspensive I don't have list

I do now because I used AI see below and it is long
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️ What this refers to​

You’re talking about the Medicare drug price negotiations carried out under the Inflation Reduction Act, which gave the federal government the authority to negotiate prices on some of the most expensive and commonly used prescription drugs for seniors.


The second round of negotiations — the one with 15 drugs — was announced on January 17, 2025 Centers for Medicare & Medicaid Services GovInfo CNBC NBC News.


This was done by the U.S. Department of Health and Human Services (HHS) and the Centers for Medicare & Medicaid Services (CMS).

The 15 drugs selected (announced Jan. 17, 2025)​

Different sources list them as a group, but the most widely reported list includes medications treating diabetes, cancer, heart disease, and autoimmune conditions. According to reporting from CNBC and NBC News, the list includes:

Drugs containing semaglutide​

• Ozempic – diabetes
• Wegovy – weight loss
• Rybelsus – diabetes
  These are grouped together because they share the same active ingredient, semaglutide CNBC.

Other drugs on the list​

NBC News and CMS reporting indicate the remaining drugs include treatments for:

• Diabetes
• Cancer
• Heart failure
• Autoimmune diseases
• Blood clots
• Other chronic conditions Centers for Medicare & Medicaid Services NBC News

(Each outlet summarized the list slightly differently, but all confirm the semaglutide family plus 14 additional high‑cost drugs.)


If you want, I can pull the full detailed list drug‑by‑drug — just say the word.

When will the lower prices take effect?​

The negotiated prices from this second round are scheduled to take effect in 2027 AARP.

Why this matters​

These 15 drugs accounted for about $41 billion in Medicare Part D spending in a single year NBC News. Negotiating their prices is expected to save seniors billions and reduce out‑of‑pocket costs.

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If you’d like, I can also show you:

• The first round of 10 drugs negotiated earlier
• The full list of all 15 drugs
• How much each drug cost Medicare
• How the negotiation process works

 

[djd09]

it would make sense if these corporations are the ones getting waivers...

 

[Bobby Bucks]

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).

Well said. What's happening isn't individual savvy investors acquiring rental properties, it's another area where equity funds are digitizing everything they can. If there is a bubble, they won't have skin in the game, they'll be capitalists if they make a profit, but they'll have the option of socializing their loss. When I hear the podcast pukes defending Blackstone, it's clear who is subsidizing the pseudo conservative podcasters. Blackstone and gang are evil. It is not capitalism, it's corporatism. Hopefully Trump will make the playing field more level and make it easier for first time home buyers.

 

[Fernando]

Large corporations do not buy lots of homes here. Too expensive, too much regulations, and too low cap rates.
Maybe other cheaper parts of US are more profitable to own and rent. They must fill a market as provider to renters.

 

[Charles West]

The real stimulus would be to index capital gain taxes to inflation. There would be a nearly instantaneous increase in housing supply because retirees could sell without their brains being caved in.

 

[Mike Ault]

The real stimulus would be to index capital gain taxes to inflation. There would be a nearly instantaneous increase in housing supply because retirees could sell without their brains being caved in.

Buffett says deficit spending "is" stimulus spending. Not sure if we need any more of that, are you?

 

[Charles West]

Buffett says deficit spending "is" stimulus spending. Not sure if we need any more of that, are you?

Why would it be deficit spending to index capital gains to inflation? I suppose you are assuming that the average citizen should be required to fund government spending, regardless of how many good intentions, waste, fraud, and abuse the government chooses to fund, or how it impacts that citizen's family. If you had studied supply-side economics, you would realize that a whole lot of something stimulates more tax revenue than very little of something does, which is where we are now with the housing shortage. The classic example is a wealth tax, a really dumb idea that generates very little revenue, much less than marginally correct rates do, or another example is the left's insistence that the current tax code generates less tax revenues because the rates are lower, when the opposite is true, the lower rates stimulate more activity than the higher rates, thus producing more revenue to the Treasury than otherwise would be possible.

 

[Mike Ault]

Why would it be deficit spending to index capital gains to inflation? I suppose you are assuming that the average citizen should be required to fund government spending, regardless of how many good intentions, waste, fraud, and abuse the government chooses to fund, or how it impacts that citizen's family. If you had studied supply-side economics, you would realize that a whole lot of something stimulates more tax revenue than very little of something does, which is where we are now with the housing shortage. The classic example is a wealth tax, a really dumb idea that generates very little revenue, much less than marginally correct rates do, or another example is the left's insistence that the current tax code generates less tax revenues because the rates are lower, when the opposite is true, the lower rates stimulate more activity than the higher rates, thus producing more revenue to the Treasury than otherwise would be possible.

Remember what David Stockman (former OMB director) said during an interview shortly after he left the Reagan administration? He said "the main problem with my party is that they always think everyday is a great day for a tax cut".