Law Trump says something everyone can agree with - ban investment firms from buying single-family homes.

Islam Imamate said:
It's not a good idea, it's just more populist brain rot that happens to appease left wing populists because it vilified investors.

Institutional investors are not the cause of high housing costs, it's due to low supply caused by NIMBYism. I'd normally link an article but thankfully someone else already did.
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I would say there are a multitude of issues but saying organized investment firms buying up large numbers of houses to rent them at ludicrous prices has no affect on housing prices is ridiculous.

These firms use realpage software to determine rental prices and basically just charge insane rates and this drives prices of both renting and purchasing of homes.
 
Striderxdj said:
I would say there are a multitude of issues but saying organized investment firms buying up large numbers of houses to rent them at ludicrous prices has no affect on housing prices is ridiculous.
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How is it ridiculous when they represent a small minority of the investors in real estate? In fact some studies suggest that they offer lower rents than so called mom and pop investors and reduce class/racial segregation.


If this were true would it change your mind?
Striderxdj said:
These firms use realpage software to determine rental prices and basically just charge insane rates and this drives prices of both renting and purchasing of homes.
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That's illegal and is being tried in courts last I checked.

If you're saying that price-fixing by institutional investors needs to be police I don't disagree but we have existing laws for that.
 
nostradumbass said:
The investment firms aren't buying the houses directly, they're buying companies that build, renovate, rent and manage housing rentals, so the investment firms are more the parent company of the ones actu

I'm all for banning corporate ownership of homes, but I think people will be disappointed by the impact it has on prices. Large institutional investors only own like 0.1% of single family homes, and the other "institutional investors" are mom and pop local management companies that own 1-5 properties, and even that only brings it up to like 2-3% of single family homes. Developers and investors generally get more bang for their buck with apartment complexes.
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Where I live the modus operandi is to buy up homes and replace them with skyscraper condos. They might not hold homes in the long run, but they buy them.
 
Kassitus said:
Where I live the modus operandi is to buy up homes and replace them with skyscraper condos. They might not hold homes in the long run, but they buy them.
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Wouldn't that add to the supply of housing and thus bring costs down?
 
Islam Imamate said:
Wouldn't that add to the supply of housing and thus bring costs down?
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In a vacuum yes, but it never manages to keep pace with supply. It also comes with a whole host of problems. We all live in shoebox in the sky, spend hours waiting in the hospital, gridlock traffic everywhere all day, etc.
 
Leftists heads are going to explode if Trump does this and they have to twist themselves into a pretzel defending those poor billionaire corporations left homeless on the streets by the evil orange fascist.
 
Idea is very good but most likely xxxxxx loopholes will be inserted for bottlemates and vancerump friends.
Like yelling how important is Greenland for vancerump where they have 0 limits to insert soldiers. 0 limits and rump had increased them by 0 despite was POTUS 4 years and now a bit more than 1 year de facto.
How senile clown will manage security in Greenland? With yelling in social media?
He didn't had increased guys stationed in Greenland number despite is POTUS 5 years and U.S does have permit to install unlimited number of perssonel and also doesn't have limit about weapons they might install.
Since WW2 nothing here had changed. 0.

Yelling money hungry populist barking for electorate about security had installed in Greenlad 0 more soldiers despite he is POTUS 5 years .....

4 plus 1.
 
Only one POTUS who seriously increased number of guys stationed in Greenland was Reagan.
When he wasn't in office anymore, financing for this declined quickly.
Guys too lesser ofc cos this.
 
ricc505 said:
Blackrock and their ilk have donated profusely to both parties. Chances of this getting through Congress is slim to none. I would like to see it
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This is the best thing Trump has attempted to do in his entire life.

If this does get past I will give him some major credit. Fucking worthless scumbag Democrats probably wouldn’t have the balls to do it, so if he does, good for him.

I will still hate him for lots of other reasons, but, will always give him credit for this. If it passes.

 
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Islam Imamate said:
How is it ridiculous when they represent a small minority of the investors in real estate? In fact some studies suggest that they offer lower rents than so called mom and pop investors and reduce class/racial segregation.
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<WellThere>
 
Aegon Spengler said:
This is the best thing Trump has attempted to do in his entire life.

If this does get past I will give him some major credit. Fucking worthless scumbag Democrats probably wouldn’t have the balls to do it, so if he does, good for him.

I will still hate him for lots of other reasons, but, will always give him credit for this. If it passes.

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Lets just hope Blackrock doesn't buy up a million Trump Tokens to make it all go away.
 
Yoricks Wisdom said:
There's a local billionaire named Tom Steyer or something running for governor on this premise/promise.

Wants to build a million new homes in Cali.
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LOL, that guy is still trying to claw his way into government, eh'?

What a dork. He tried running for President in 2020 as some TDS candidate, spent millions on ads, and even Bernie Sanders just laughed at him. Don't think he even cracked 1% in the primaries.
 
Nothing is going to fucking change, he's part of the problem.

All the mega firms and privileged rich people of society are buying up as much property as possible for "passive income", because hundreds of millions and billions of dollars aren't enough, just completely fuck over the poor people of the country.
 
I'm still waiting for that universal single payer healthcare he talked about five times.

It would be so fucking funny for Trump/the GOP to do shit that is further left than the Democrats.

OWN THE LIBS BROS
 
Sounds good but this guy gives compelling reasons on why it can have the reverse effect if not none at all.



Maybe the solution is just to create more homes with better materials and more innovative solutions?

 
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