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re: Bernie is a legitimate insane person
Posted on 1/23/20 at 4:58 pm to Lsuhoohoo
Posted on 1/23/20 at 4:58 pm to Lsuhoohoo
I don't like to acknowledge him as a serious person but had to chip in here.
All of these things would essentially create an illiquid housing market and zero out demand for low cost housing. The only investable properties right now with decent cap rates would become univestable
Anyways don't pay too much attention to the platforms of the crazies they can't implement any of it.
quote:
On Housing for All
National rent control
Prohibit landlords from refusing section 8 tenants
Restrict evictions to "just cause"
Place a 25 percent House Flipping tax on speculators who sell a non-owner-occupied property, if sold for more than it was purchased within 5 years of purchase.
All of these things would essentially create an illiquid housing market and zero out demand for low cost housing. The only investable properties right now with decent cap rates would become univestable
Anyways don't pay too much attention to the platforms of the crazies they can't implement any of it.
1
Posted on 1/23/20 at 5:08 pm to wutangfinancial
quote:
Won't this lead to banks and cc companies being more restrictive on who they do business with
Fortunately, Comrade Bernard anticipated this. The US Post Office will offer banking services. They're great at handling finances right?
quote:
All of these things would essentially create an illiquid housing market and zero out demand for low cost housing. The only investable properties right now with decent cap rates would become univestable
That's the idea. Disincentivize private investment in the housing market because private investment is motivated by profit and not the greater good. At that point, the government intervenes in the housing crisis with affordable housing subsidized by the collective. Housing is a "human right". Therefore how can it be left held as a private commodity?
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