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Started By
Message
re: The average 30-year fixed mortgage rate jumps to 7.50%
Posted on 4/16/24 at 1:51 pm to DarthRebel
Posted on 4/16/24 at 1:51 pm to DarthRebel
quote:
Of course they should also ban/limit corporations from buying homes as well.
Why?
I don’t have a strong opinion either way. I’m just interested in the thought process.
6
Posted on 4/16/24 at 1:53 pm to Ag Zwin
quote:Because it’s unfair to regular citizens to try and buy a house with a loan only to have a corporation come in and pay $50,000 over asking price and in cash.
Why?
Anyone that says this isn’t common enough to be an issue is a moron. There are 3 houses in my neighborhood alone that situation happened on. And two buddies that sold their houses sold to corporations that offered cash and well above asking price
Posted on 4/16/24 at 1:55 pm to Ag Zwin
quote:
Why?
I don’t have a strong opinion either way
Destroys the housing market for average folks who cant compete. with those deep pockets.
Posted on 4/16/24 at 2:15 pm to Ag Zwin
quote:
Why?
I don’t have a strong opinion either way. I’m just interested in the thought process
The other two have answered pretty much spot on. I would even expand it to not allow foreign nationals to purchase a home, or at least have some extremely strict rules around it.
Owning your home is part of the American dream and we are allowing that to not become feasible for too many people. This is a situation standard free capitalism cannot correct, there are too many foreign forces driving the prices up.
Posted on 4/16/24 at 2:25 pm to Ag Zwin
quote:
I don’t have a strong opinion either way. I’m just interested in the thought process.
i'm a libertarian and a capitalist, but not an idiot libertarian or capitalist at all cost to where i think it's better for a corporation/government to create a permanent renting class than encouraging home ownership.
like most things, i want as little government involvement as possible, but it's ok to say "hey, you're hurting more people than you're helping."
Posted on 4/16/24 at 3:22 pm to Ag Zwin
quote:
Why?
I don’t have a strong opinion either way. I’m just interested in the thought process.
People need homes more than these corps need more profits. If someone could show some sort of logical proof that corps buying these homes leads to more jobs and more money for your average american maybe then I'll change my opinion. Until then, the renter class will only grow.
Posted on 4/16/24 at 6:41 pm to Ag Zwin
quote:
Why?
I don’t have a strong opinion either way. I’m just interested in the thought process.
Damn. Wasn’t expecting an express ticket to Downvotesville.
I guess the libertarians are watching midweek baseball and left the place to Democratic Underground.
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