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Should corporations and foreigners be able to buy houses?
Posted on 9/14/22 at 9:55 am
Posted on 9/14/22 at 9:55 am
I saw an article saying large blocks of housing is purchased by black rock etc. which makes residential housing expensive due to lack of inventory. Same for Chinese nationals buying houses. Can we go Americans first and make these illegal?
23
Posted on 9/14/22 at 9:56 am to fareplay
i have a bigger problem with chinese corporations and chinese shell companies buying our farmlands.
Posted on 9/14/22 at 9:56 am to fareplay
If I want to own land abroad it would be hypocritical to not allow someone to own land here.
Posted on 9/14/22 at 9:59 am to fareplay
The greatest threat to U.S. national security is the Chinese, yet we allow them to buy large sums of U.S. real estate 
Posted on 9/14/22 at 10:09 am to fareplay
Nope. Corporations and foreign money buying up American homes and thus making it harder for US citizens to secure their futures is something that should be talked about a lot more. Idk what legislation can be passed but something needs to be done
Posted on 9/14/22 at 10:11 am to fareplay
No, particularly foreign owned.
Posted on 9/14/22 at 10:14 am to fareplay
quote:no
corporations
quote:absolutely not
foreigners
Posted on 9/14/22 at 10:16 am to fareplay
1 in 4 houses purchased in the past 3 years have been by corporations.
You will own nothing and be happy.
You will own nothing and be happy.
This post was edited on 9/14/22 at 4:28 pm
Posted on 9/14/22 at 10:18 am to fareplay
I'd heavily, heavily restrict the ability of foreigners to purchase property.
As far as corporations, and I do mean ALL corporations (including the family investing LLC or S), I would impose an exponentially increasing property tax for multiple homes, and something similar but less severe for land.
As far as corporations, and I do mean ALL corporations (including the family investing LLC or S), I would impose an exponentially increasing property tax for multiple homes, and something similar but less severe for land.
Posted on 9/14/22 at 10:22 am to fareplay
Heavily restrict foreign real estate investment.
Levy a substantial tax or fee for multiple residential property ownership.
Restrict corporate ownership of individual residential houses
Levy a substantial tax or fee for multiple residential property ownership.
Restrict corporate ownership of individual residential houses
This post was edited on 9/14/22 at 10:24 am
Posted on 9/14/22 at 10:25 am to fareplay
should do a temporary moratorium until we can figure things out, kind of like what canada did
Posted on 9/14/22 at 10:39 am to fareplay
The builder of our home in our cookie cutter neighborhood said they were restricting foreign owned entities and corporations from buying up any of the properties in the neighborhood. They didn't want it to be bought up and immediately turned into a bunch of rentals.
Posted on 9/14/22 at 10:40 am to fareplay
No
Posted on 9/14/22 at 10:44 am to fareplay
People in here owning REITs and wanting to frick themselves.
Posted on 9/14/22 at 10:44 am to fareplay
How about we rephrase the question this way:
Say I own a home, and I want to sell it to a willing buyer who is a foreigner. But the government swoops in and says no.
Looks a little different in this light, don't it?
Say I own a home, and I want to sell it to a willing buyer who is a foreigner. But the government swoops in and says no.
Looks a little different in this light, don't it?
Posted on 9/14/22 at 11:04 am to fareplay
Our Supreme Court has already ruled that corporations are people too.
Posted on 9/14/22 at 11:07 am to fareplay
American companies cannot even operate in China without the Chinese government having majority interest. There are few exceptions to this. (Tesla)
I think we should severely limit it because it can be an economic weapon.
I think we should severely limit it because it can be an economic weapon.
Posted on 9/14/22 at 11:19 am to fareplay
I’ve thought this for a long time. None citizens should be required to rent. Corporations and companies on the stock exchange also.
Posted on 9/14/22 at 12:27 pm to fareplay
What do the corporations do with the housing? Are they renting it out? Flipping it for a profit?
Posted on 9/14/22 at 12:34 pm to fareplay
I'm as libertarian as it gets, but we have bent over backwards to consider corporations as people for far too long. Businesses are not people, and businesses that suck at the teet of the state and federal governments are basically a branch of government at this point to me.
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