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re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.
Posted on 4/29/24 at 11:39 am to ragincajun03
Posted on 4/29/24 at 11:39 am to ragincajun03
I don't even have a problem with these companies buying houses. What I have a huge problem with is they are allowed to do it with zero risks. If the bottom falls out of the market, you know who the politicians are going to rush to save from default? The corporations. They won't have to let go of inventory at a 30% discount to relieve their obligations. Joe American on the other hand...
2
Posted on 4/29/24 at 11:42 am to Boss13
quote:
I don't even have a problem with these companies buying houses. What I have a huge problem with is they are allowed to do it with zero risks. If the bottom falls out of the market, you know who the politicians are going to rush to save from default? The corporations.
Some of these firms are technically buying these houses with your retirement money. I bet your 401K has money tied up in a few REITs
Posted on 4/29/24 at 5:01 pm to Boss13
quote:
I don't even have a problem with these companies buying houses. What I have a huge problem with is they are allowed to do it with zero risks. If the bottom falls out of the market, you know who the politicians are going to rush to save from default? The corporations. They won't have to let go of inventory at a 30% discount to relieve their obligations. Joe American on the other hand...
Completely agree, sir....or ma'am.
This post was edited on 4/29/24 at 5:02 pm
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