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re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.
Posted on 4/29/24 at 5:08 pm to dewster
Posted on 4/29/24 at 5:08 pm to dewster
quote:
These institutional buyers are a real threat to the American way of life. But I can't think of a way to combat this that doesn't also hit individuals and smaller companies who are trying to buy or build their own small group of rental homes.
Agree. That's the problem.
Reagan said something to the effect of being wary of someone saying "I'm from the government and here to help".
Just don't know the answer, or if this can even be properly legislated, but these firms just going out and buying 50 to 100 new build homes in the same hood, as Stout mentioned, absolutely does little but drive the asking prices of those homes way up.
Posted on 4/29/24 at 5:19 pm to ragincajun03
Novel idea: Let's disallow members of congress and their families from owning individual stocks.
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