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re: Blackrock is buying every single-family house they can & paying 20-50% above asking price
Posted on 6/10/21 at 11:10 am to stout
Posted on 6/10/21 at 11:10 am to stout
I had seen a video recently, can't remember where, that some of the proposed new tax codes cap the value of developers who own and build apartment complexes. The guy was saying that since it caps it expect to see developers start to buy single family homes and use them for rentals so they can keep their tax breaks. It seems to me that anything the US government tries to do to help the everyday American somehow ends up hurting them instead and creating more corporate money. If I can find the video again, I will link it.
2
Posted on 6/10/21 at 11:12 am to chris911guy
quote:
It seems to me that anything the US government tries to do to help the everyday American somehow ends up hurting them instead and creating more corporate money.
That tends to happen when your government is full of idiots. Bought and paid for idiots at that.
Posted on 6/10/21 at 11:18 am to chris911guy
quote:
had seen a video recently, can't remember where, that some of the proposed new tax codes cap the value of developers who own and build apartment complexes. The guy was saying that since it caps it expect to see developers start to buy single family homes and use them for rentals so they can keep their tax breaks. It seems to me that anything the US government tries to do to help the everyday American somehow ends up hurting them instead and creating more corporate money.
Yup. EVERYTHING the government does, outside basic military protection, gets screwed up.
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