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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 on 4/29/24 at 10:07 am to ragincajun03
People gonna love seeing their “equity” go poof.
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.
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.
Posted on 4/29/24 at 5:01 pm to Dawgfanman
quote:
People gonna love seeing their “equity” go poof.
frick your overvalued equity.
Normal, productive, young people can't enter the market and start families.
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