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re: 3 corporations now own 19,000 metro Atlanta homes

Posted on 3/11/24 at 11:25 am to
Posted by AUFANATL
Member since Dec 2007
3946 posts
Posted on 3/11/24 at 11:25 am to
quote:

What is the board’s take on this? Is this too much capitalism? Do yall advocate government intervention?


There's a limit to everything and that limit frequently pops up at the threshold of a residential doorstep. The Supreme Court has frequently set common sense boundaries by citing to the notion that "the home is different". You can stand on the sidewalk in Washington DC chanting "abortion is murder" all day under the First Amendment but you can't stand outside someone's bedroom window at 3:00 AM doing the same thing because "the home is different". Police can perform all types of searches and seizures incident to arrest but they need a detailed warrant for your house because "the home is different". You can't just shoot someone in a bar when they threaten you, but it's a different ballgame when they break into your house in the middle of the night because "the home is different".

More regulation here is needed and appropriate because "the home is different". Now I would draw that line much further than things like home related commodities - for example building materials used to construct a home. If conglomerate homebuilders and their financiers want to negotiate sweetheart supply agreements for lumber, steel, concrete, fixtures, etc then that's fair capitalism. But monopolizing the land and stock is bad for society and against the very founding principles of this country.
Posted by Motownsix
Boise
Member since Oct 2022
1982 posts
Posted on 3/11/24 at 12:00 pm to
quote:

More regulation here is needed and appropriate because "the home is different". Now I would draw that line much further than things like home related commodities - for example building materials used to construct a home. If conglomerate homebuilders and their financiers want to negotiate sweetheart supply agreements for lumber, steel, concrete, fixtures, etc then that's fair capitalism. But monopolizing the land and stock is bad for society and against the very founding principles of this country.


The rate of homeownership in the USA is roughly north of 60% and hasn’t really changed since the 1960’s.
I agree that corporate domination of the residential housing market is bad, but I don’t see how that is limited or curtailed.
What about individuals that own 10, 20, or 30 houses? Lots of those properties are in some sort of LLC.
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