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Posted: 5/2/2024 12:44:07 PM EDT
[#1]
Quote HistoryQuoted: Good....I am all for free markets until Big Mega Corps turn free markets into private markets by buying up all the inventory. I've sold several homes. None were bought by megacorps. |
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Posted: 5/2/2024 12:47:55 PM EDT
[#2]
This law will be used against regular people who own two houses, living in one and renting the other, and won't be used against all of the companies you hate because they are exempted on page 420 section 69
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Posted: 5/2/2024 12:55:55 PM EDT
[#3]
Quote HistoryQuoted: I don't like mega corporations monopolizing and controlling an entire sector of the free market. I don't like the government or anything they do. I'm at a loss with this one. One solution would be to let builders build the shit out of new homes. Lift the red tape, remove regulations and hurdles, provide tax incentives, and let builders flood the market with new homes. Make the single family home market an unattractive investment for wall street. |
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Posted: 5/2/2024 1:00:30 PM EDT
[#4]
Quote HistoryQuoted: One solution would be to let builders build the shit out of new homes. Lift the red tape, remove regulations and hurdles, provide tax incentives, and let builders flood the market with new homes. Make the single family home market an unattractive investment for wall street. This guy gets it. |
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Posted: 5/2/2024 1:07:01 PM EDT
[#5]
It doesn’t matter. The corps will find a way around it, the fiscal conservatives will cry for the same deregulation that they’ve been screaming about for decades (it’ll never happen), and nothing will change.
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Posted: 5/2/2024 1:09:03 PM EDT
[#6]
Quote HistoryQuoted: This guy gets it. Quote HistoryQuoted: Quoted: One solution would be to let builders build the shit out of new homes. Lift the red tape, remove regulations and hurdles, provide tax incentives, and let builders flood the market with new homes. Make the single family home market an unattractive investment for wall street. This guy gets it. It's a win-win. More homes and less government. |
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Posted: 5/2/2024 1:22:03 PM EDT
[#7]
Quote HistoryQuoted: Good....I am all for free markets until Big Mega Corps turn free markets into private markets by buying up all the inventory. Pretty much how I see it. |
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Posted: 5/2/2024 1:27:04 PM EDT
[#8]
Quote HistoryQuoted: mixed. I am opposed to foreign entities owning residential, farm land, etc. though. Corporations buying up all the homes and creating the "you'll own nothing and like it" lifestyle is pretty fuckin gay and definitely a problem But man, the government could fuck up getting a blowjob, and I don't want them to be the ones to "solve" the problem |
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Posted: 5/2/2024 1:28:23 PM EDT
[#9]
This is becoming a big thing in Florida and it is not helping the problems we already have with housing.
I detest government intrusion. This if left unchecked will be intrusion by Black Rock and other mega corps controlling us through real estate. It reminds me of Robocop and the corporation buying the city out. |
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Posted: 5/2/2024 1:32:59 PM EDT
[#10]
Quote HistoryQuoted: Yeah I'm pretty mixed on this as well. Corporations buying up all the homes and creating the "you'll own nothing and like it" lifestyle is pretty fuckin gay and definitely a problem But man, the government could fuck up getting a blowjob, and I don't want them to be the ones to "solve" the problem Quote HistoryQuoted: Quoted: mixed. I am opposed to foreign entities owning residential, farm land, etc. though. Corporations buying up all the homes and creating the "you'll own nothing and like it" lifestyle is pretty fuckin gay and definitely a problem But man, the government could fuck up getting a blowjob, and I don't want them to be the ones to "solve" the problem The government only needs to get out of the way. Wall Street is using the government regulations and restrictions in place today, to easily maintain and control the value of their investments. Homebuilders could easily fix the entire problem if the government would get out of their way. |
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Posted: 5/2/2024 1:38:38 PM EDT
[#11]
Quote HistoryQuoted: Do you have a definition of patriot that's different from what's in the dictionary? Quote HistoryQuoted: Quoted: Quoted: I love how some of the most ardent self-proclaimed super patriots in here are proclaiming their support for the government to tell people who they can buy from or who they can sell to. I can't wait for the many explanations of "Oh, but this is different". Don't forget to keep calling others "commies" at every opportunity though. Pathetic... I’m glad I’m not the only one seeing it in this thread. Do you have a definition of patriot that's different from what's in the dictionary? My definition of patriotism doesn’t include having the government dictate who I can and can’t sell to. |
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Posted: 5/2/2024 1:41:11 PM EDT
[#12]
Quote HistoryQuoted: It's amazing to see the faith in government so many people still have even post COVID. Absolutely amazing. Anyone who thinks this legislative crackdown will not consiste of laws written by Blackrock and other Wall Street entities to advantage them and squeeze out competition while doing next to nothing to help the average American is living in an imagination land world. Remember the Affordable Care Act (aka. "Obamacare")? Did that help people or was it just in the end a big handout to insurance companies and the medical industry? Nothing in D.C. is done to your benefit, not a single thing unless you're a member of the Donor class. You don't want the government to have more power no matter what they promise you it is for. Well said. |
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Posted: 5/2/2024 2:15:10 PM EDT
[#13]
Quote HistoryQuoted: Government prints trillions of dollars Dollar is devalued rendering the "cost" of real assets 20+% Investors see this and run to real assets, further increasing the asset cost Government steps in and says investors will be punished for fleeing to safe harbors Got it. At least someone here gets it. Create a crisis. Solve the crisis you created. Meanwhile the root of the problem, government, continues to grow. Alleged conservatives cheer this. |
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Posted: 5/2/2024 2:22:49 PM EDT
[#14]
Quote HistoryQuoted: My definition of patriotism doesn’t include having the government dictate who I can and can’t sell to. I dont think any definition of patriot has that in it. |
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Posted: 5/2/2024 2:25:17 PM EDT
[#15]
Quote HistoryQuoted: Good....I am all for free markets until Big Mega Corps turn free markets into private markets by buying up all the inventory. |
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Posted: 5/2/2024 2:34:23 PM EDT
[#16]
This legislation can't happen fast enough. These PE clowns are buying and renting which is killing neighborhoods and inventory for homeowners who want to buy.
There is also some sinister ass shit I sat through a presentation on that was about Blackrock, Vanguard and large foreign investors tied to the WEF are trying to take the USA to a "home rental" model and away from private home ownership. This is a very Euro model and that the WEF wants government ability to limit where and when people can rent homes, so it's a communist control mechanism to go with ESG/social credit scoring. Supposedly, private home ownership in the USA is way higher than anywhere in the world, and it pisses the WEF off. -ZA |
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Posted: 5/2/2024 2:37:40 PM EDT
[#17]
Quote HistoryQuoted: One solution would be to let builders build the shit out of new homes. Lift the red tape, remove regulations and hurdles, provide tax incentives, and let builders flood the market with new homes. Make the single family home market an unattractive investment for wall street. Quote HistoryQuoted: Quoted: I don't like mega corporations monopolizing and controlling an entire sector of the free market. I don't like the government or anything they do. I'm at a loss with this one. One solution would be to let builders build the shit out of new homes. Lift the red tape, remove regulations and hurdles, provide tax incentives, and let builders flood the market with new homes. Make the single family home market an unattractive investment for wall street. Except the builders aren't some altruistic entity either. There's plenty of examples of the shitty conduct they've had with breaking contracts with people building homes so they could relist a property at a much higher price. Why build 100 homes and profit 10k on each, when you could build 20 and make 100k on each? |
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Posted: 5/2/2024 2:39:31 PM EDT
[#18]
Quote HistoryQuoted: Investors buying up neighborhoods for profit should be taxed at a rate double the average mortgage rate. Well, well, well. One of the most strident advocates of "Everyone I don't like is a commie" is advocating for punitive tax rates for things he doesn't like. Shameful. 
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Posted: 5/2/2024 2:39:48 PM EDT
[#19]
Quote HistoryQuoted: This guy gets it. |
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Posted: 5/2/2024 2:42:07 PM EDT
[#20]
In before the .gov seizures and conversion to section 8; illegals gotta’ live somewhere.
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Posted: 5/2/2024 2:42:10 PM EDT
[#21]
Quote HistoryQuoted: Nothing like clear-cutting tracts of pristine forest and fields for more and more shitty cookie cutter homes and apartments to house an ever-increasing amount of migrants 
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Posted: 5/2/2024 2:43:13 PM EDT
[#22]
All this talk of monopolies. I'm not seeing numbers in those articles that are anywhere close to monopoly numbers.
Now it's "Pristine forests". Oh buoy. |
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Posted: 5/2/2024 2:44:51 PM EDT
[#23]
Quote History |
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Posted: 5/2/2024 2:45:04 PM EDT
[#24]
Quote HistoryQuoted: Good. Yes. Houses are priced artificially high because of these assholes. |
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Posted: 5/2/2024 2:48:10 PM EDT
[#25]
I really hate to advocate for any kind of legislation but the housing market is kinda fucked and it certainly seems like investors snatching up homes is driving it. It also seems to run afoul of anti trust laws, there are a lot of things in the US that seem to though.
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Posted: 5/2/2024 2:49:35 PM EDT
[#26]
Quote HistoryQuoted: Yes. Houses are priced artificially high because of these assholes. Ok what's a fair price? |
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Posted: 5/2/2024 2:49:44 PM EDT
[#27]
Zero faith the feds will get it right to fix the problem and target the problem but rather end up fucking up stuff for citizens as usual.
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Posted: 5/2/2024 2:49:47 PM EDT
[#28]
Quote HistoryQuoted: I really hate to advocate for any kind of legislation but the housing market is kinda fucked and it certainly seems like investors snatching up homes is driving it. It also seems to run afoul of anti trust laws, there are a lot of things in the US that seem to though. Not zoning? |
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Posted: 5/2/2024 2:53:11 PM EDT
[#29]
Quote HistoryQuoted: As a private homeowner. Don't try to control the sale of my land. Simple. I can't think of a single thing the government has gotten involved with that has been successful or done anything for the average citizen. Quote HistoryQuoted: Quoted: In this case, the big investment banks and other entities have been manipulating the market. They also have been colluding and price setting the rental market also. Plenty of evidence behind this If you own land in Hawaii, you can sell it, you aren't a giant corp As a private homeowner. Don't try to control the sale of my land. Simple. I can't think of a single thing the government has gotten involved with that has been successful or done anything for the average citizen. He’s right, you know.jpg |
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Posted: 5/2/2024 2:54:27 PM EDT
[#30]
Quote HistoryQuoted: As a private homeowner. Don't try to control the sale of my land. Simple. I can't think of a single thing the government has gotten involved with that has been successful or done anything for the average citizen Antitrust laws hasn’t been good for the average citizen? |
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Posted: 5/2/2024 2:55:23 PM EDT
[#31]
Crackdown is overdue
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Posted: 5/2/2024 2:56:55 PM EDT
[#32]
Quote HistoryQuoted: Unfortunately they are going to figure out how to fuck it up Quote HistoryQuoted: Quoted: There hearts are in the right place but it's government so they will fuck us. Unfortunately they are going to figure out how to fuck it up |
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Posted: 5/2/2024 2:58:22 PM EDT
[#33]
Quote HistoryQuoted: Anything that empowers an individual to own their home and assets is a good thing in a liberty loving free country. Quote HistoryQuoted: Anything that empowers an individual to own their home and assets is a good thing in a liberty loving free country. Says the guy who claims that he's going to protect my ownership of my property by deciding how I can and can't dispose of it. Is there any subject under God's blue sky that you're not wrong about? Quoted: Then you screw over your neighbors and neighborhood I've been offered a few thousand more by a big firm from out west on my house. I will much rather sell my house to a local for a little less. I'm not hurting for money and wouldn't want to open the door to those shitbags Greed will eventually sink everything, instead of something being good enough My neighbors would also say that I screwed them over by tearing out a tree on my property that gave them shade, because it was one good blizzard away from taking out my garage. Operative words: ON MY PROPERTY. I didn't say you could or couldn't select the buyer for your house who fully meet the criteria of your value system. What I said was that neither you nor any of the other socialists in this thread had any business making that decision for me Quoted: I don't imagine that it would. They'll just sell or auction them off. Only if there are buyers. In 2008 there weren't. |
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Posted: 5/2/2024 2:58:29 PM EDT
[#34]
Quote HistoryQuoted: Ok what's a fair price? Currently median home prices are 7x household income. Median home prices would need to fall about $200k to be back in line with their long term historic avg.  |
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Posted: 5/2/2024 2:58:30 PM EDT
[#35]
Quote HistoryQuoted: mixed. I am opposed to foreign entities owning residential, farm land, etc. though. I have mixed feelings on it. I absolutely think foreign entities shouldn't be allowed to own homes or farmland in the US. As for domestic companies.... I understand they outbid individual buyers and drive up prices, which is bad... but I also like free market capitalism. So I'm a bit torn on what to do. I'll have to read the article and reflect a bit. I wouldn't outright ban anything, but I wouldn't be opposed to increased taxation on big corporations to disincentivize them from buying up or owning single-family homes. |
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Posted: 5/2/2024 2:59:29 PM EDT
[#36]
Quote HistoryQuoted: Historically home prices have remained steady at around 3-4x median household income. And this is with sqft of homes rising steadily throughout that period. Currently median home prices are 7x household income. Median home prices would need to fall about $200k to be back in line with their long term historic avg. https://i.postimg.cc/MGrGt8Fg/IMG-5086.jpg Why is that? |
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Posted: 5/2/2024 2:59:33 PM EDT
[#37]
Quote HistoryQuoted: I'm not a fan of gov involvement. They fuck everything up. I also don't like my home's value plummeting. What relevance does your homes value have if the entire market adjusts? You have to live somewhere, if your home drops 100k in value but the place you were gonna buy drops 100k as well it's a wash. Guess it would suck ass pretty hard if you bought in like the last 2 years but the prices have sort of outpaced inflation |
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Posted: 5/2/2024 3:00:55 PM EDT
[#38]
Quote HistoryQuote HistoryQuoted: Quoted: Nothing like clear-cutting tracts of pristine forest and fields for more and more shitty cookie cutter homes and apartments to house an ever-increasing amount of migrants https://www.ar15.com/media/mediaFiles/219476/7u18wj-2900534.gif lol, lmao even. Your children will hate that you didn't give them a real country. |
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Posted: 5/2/2024 3:02:27 PM EDT
[#39]
Quote HistoryQuoted: lol, lmao even. Your children will hate that you didn't give them a real country. Ok. |
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Posted: 5/2/2024 3:03:31 PM EDT
[#40]
Quote HistoryQuoted: Why is that?  |
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Posted: 5/2/2024 3:05:15 PM EDT
[#41]
Quote HistoryQuoted: One solution would be to let builders build the shit out of new homes. Lift the red tape, remove regulations and hurdles, provide tax incentives, and let builders flood the market with new homes. Make the single family home market an unattractive investment for wall street. You mean no infrastructure improvements to cover the increased traffic, water, sewer, schools, etc? Those kinds of hurdles and red tape? |
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Posted: 5/2/2024 3:05:55 PM EDT
[#42]
Quote HistoryQuoted: Because the Fed bought $2.8 trillion in mortgage backed securities to create a housing frenzy, and artificially suppressed rates which encouraged people and businesses to make investment decisions that would have otherwise been unprofitable in a free market. https://i.postimg.cc/63mG7ZK2/IMG-5087.jpg Ok. Now check this out.  It goes way deeper than just 2008. Look at how many housing starts we had. What happened? |
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Posted: 5/2/2024 3:08:49 PM EDT
[#43]
Probably .gov approved since no one wants a section 8 dwelling forced into their neighborhood. This line in the OP...
"Companies that buy single-family homes say their businesses provide renters the opportunity to live in desirable neighborhoods where they otherwise couldn’t afford to buy" Unless this is just lip service. |
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Posted: 5/2/2024 3:12:34 PM EDT
[#44]
Quote HistoryQuoted: Good....I am all for free markets until Big Mega Corps turn free markets into private markets by buying up all the inventory. Exactly. F*ck mega corps and investments groups in housing and farms. |
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Posted: 5/2/2024 3:20:41 PM EDT
[#45]
I don't think any foreign companies should be able to own US land.
Where do you draw the line between a little LLC for a a couple AirBNBs vs. a big business buying up houses? |
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Posted: 5/2/2024 3:20:41 PM EDT
[#46]
Quote HistoryQuoted: Not zoning? Could certainly be a contributing factor in a lot of places. I do like a lot of the deregulation suggestions in this thread. On the other hand I don't want foreign investors buying up farmland, housing and other business space and jacking the prices up. I really don't know enough about any of those markets to be able to say what would help. |
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Posted: 5/2/2024 3:23:48 PM EDT
[#47]
Quote HistoryQuoted: Could certainly be a contributing factor in a lot of places. I do like a lot of the deregulation suggestions in this thread. On the other hand I don't want foreign investors buying up farmland, housing and other business space and jacking the prices up. I really don't know enough about any of those markets to be able to say what would help. Deregulation and banning foreign investment are 2 huge steps. Something as simply as eliminating rent control would pay off quickly. |
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Posted: 5/2/2024 3:29:22 PM EDT
[#48]
Quote HistoryQuoted: I love how some of the most ardent self-proclaimed super patriots in here are proclaiming their support for the government to tell people who they can buy from or who they can sell to. I can't wait for the many explanations of "Oh, but this is different". Don't forget to keep calling others "commies" at every opportunity though. Pathetic... Exactly. It's not like government actions didn't contribute to the situation. The solution, of course is more government actions. Honk. |
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Posted: 5/2/2024 3:29:39 PM EDT
[#49]
Quote HistoryQuoted: Yet lawmakers turn their heads when Joey and Hunter steal millions from taxpayers. They are doing the same thing… |
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Posted: 5/2/2024 3:32:02 PM EDT
[#50]
Quote HistoryQuoted: lol, lmao even. Your children will hate that you didn't give them a real country.    And more like this so we can efficiently pack in as many migrants as possible     |
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