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re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.

Posted on 4/29/24 at 12:47 pm to
Posted by cas4t
Member since Jan 2010
70972 posts
Posted on 4/29/24 at 12:47 pm to
quote:

IMO, the only rentals that should be allowed (besides vacation rentals) are owner occupied rentals. It would prevent slums from spreading.


I’m going to need you to elaborate on this because it seems completely unviable from my point of view.

Are you insinuating that long term rentals simply should not exist for single family homes? Presumably you feel as though section 8 housing should be congregated into apartments?

Who, then, is purchasing these homes? There will always be a portion of the population that can’t afford a down payment on a home, and would prefer rent either until they can afford it, or just rent perpetually.
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