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re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.

Posted on 4/29/24 at 10:07 am to ragincajun03

Posted by Dawgfanman

Member since Jun 2015

22690 posts

Posted on 4/29/24 at 10:07 am to ragincajun03

People gonna love seeing their “equity” go poof.

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Posted by stout

Smoking Crack with Hunter Biden

Member since Sep 2006

167647 posts

Posted on 4/29/24 at 10:12 am to Dawgfanman

quote:

People gonna love seeing their “equity” go poof.

That's gonna happen anyway if we no longer have an affordable market and everyone turns to the mindset of being OK to just be renters.

I own rentals so I will wait and see how they structure any bill. Merely taxing it will only hurt the consumers and do nothing to slow it down. Rental rates will just increase.

I am never for regulation but I am pro middle class. I still think home ownership is the greatest wealth-building tool for the middle class but institutional buying is OOC and killing that dream for many.

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Posted by msutiger

Shreveport

Member since Jul 2008

69686 posts

Posted on 4/29/24 at 10:15 am to Dawgfanman

quote:
People gonna love seeing their “equity” go poof.

If the only thing that drove up equity was Wall Street buying up inventory that is artificial equity.

Tough pill to swallow, but you aren’t taking peoples houses away, you are only making it more difficult to move. You also open up inventory to a lot of people who are completely boxed out in the current market.

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Posted by The Baker

This is fine.

Member since Dec 2011

16191 posts

Posted on 4/29/24 at 5:01 pm to Dawgfanman