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Started By
Message
re: Almost 30% of 2021 homes sold in Texas went to corporations
Posted on 6/22/23 at 12:43 pm to Giantkiller
Posted on 6/22/23 at 12:43 pm to Giantkiller
quote:
You should call your reps or senators. I'm sure they'll give a shite.
Actually the best way to win this is at the local level via zoning.
2
Posted on 6/22/23 at 12:44 pm to PeteRose
Your 401ks at work.
Posted on 6/22/23 at 12:44 pm to PeteRose
quote:
How can average American compete with this?
a nation of renters, with 90% of farmland owned by Gates and Chyna
Posted on 6/22/23 at 12:44 pm to Zappas Stache
quote:
They've really taken off the last few years and that 30% figure is probably much higher for the big metro areas of Houston, Austin and DFW.
Wouldn't surprise me. I've had my house in Plano for about 5 years now and I would guess that least 2/3rds of the home sales in my neighborhood in that time were to these investment companies. Half of them just rent the place out and the other half do fixup work before selling them for 100K more than they bought em for.
Posted on 6/22/23 at 12:45 pm to PeteRose
That is some bullshite. I’m all for businesses making money but buying up homes with cash, driving up prices and keeping regular Americans out of homes is where I draw the line.
Posted on 6/22/23 at 12:46 pm to messyjesse
quote:
Wouldn't surprise me. I've had my house in Plano for about 5 years now and I would guess that least 2/3rds of the home sales in my neighborhood in that time were to these investment companies. Half of them just rent the place out and the other half do fixup work before selling them for 100K more than they bought em for.
What kinda homes we talking? Like small homes in east plano or 4,000 square foot homes in west plano?
Posted on 6/22/23 at 12:47 pm to Giantkiller
quote:
You should call your reps or senators. I'm sure they'll give a shite.
They wont because they profit, and the current trend is to protect institutional investors, not your residential buyer.
Posted on 6/22/23 at 12:47 pm to GeauxTigers123
Damn tOT really a few inches away from declaring housing a human right lol
Posted on 6/22/23 at 12:48 pm to JohnnyKilroy
quote:
Damn tOT really a few inches away from declaring housing a human right lol
We just don't want to see our communities turn to shite.
Posted on 6/22/23 at 12:49 pm to PeteRose
quote:
How can average American compete with this?
You can't
In North DFW (I'm sure it's the same all over Texas) a small 3/2 in a decent neighborhood is $450,000.00
Posted on 6/22/23 at 12:50 pm to GetCocky11
quote:
We just don't want to see our communities turn to shite
The government will save you comrade
Posted on 6/22/23 at 12:51 pm to JohnnyKilroy
quote:
Damn tOT really a few inches away from declaring housing a human right lol
with Communists, expect Communism
Posted on 6/22/23 at 12:53 pm to PeteRose
I'd like to see property taxes rise according to number of homes
tax rate + 10% for 2nd home
+ 15% for 3rd home
+ 25% for 4th home
+ 33% for 5th home, etc..
tax rate + 10% for 2nd home
+ 15% for 3rd home
+ 25% for 4th home
+ 33% for 5th home, etc..
Posted on 6/22/23 at 12:53 pm to GetCocky11
quote:
We just don't want to see our communities turn to shite.
Your only hope is zoning, and the commercial guys will outpay you. They can buy more officials than an individual
This post was edited on 6/22/23 at 12:54 pm
Posted on 6/22/23 at 12:54 pm to LordSaintly
quote:
Shouldn't be allowed
A company could be an LLC that is one dude who owns five rentals.
Posted on 6/22/23 at 12:55 pm to LordSaintly
quote:
Shouldn't be allowed
One of the problems with limiting this is SCOTUS has had a long problem with defining what is a person with protectable rights, to wit in Dred Scott they mistook a person was property, and in Citizens United they confused property with a person.
The other confounding issue is quite a few single-family homes are owned by LLCs etc which are sole proprietorships of the occupier of the property or duplexes etc that are occupied in part by someone where the corporation is just an alter ego.
This is one of those places HOAs can be useful. Our home is governed by an HOA that prevents renting sort or long term a house that can't be rented isn't much use for Blackrock et al.
Posted on 6/22/23 at 12:55 pm to SlowFlowPro
quote:our hoa is currently working on banning corporate ownership in our community
Actually the best way to win this is at the local level via zoning.
Posted on 6/22/23 at 12:55 pm to junior
quote:
I'd like to see property taxes rise according to number of homes
tax rate + 10% for 2nd home
+ 15% for 3rd home
+ 25% for 4th home
+ 33% for 5th home, etc..
Progressive taxation. Things are getting weird politically!
Posted on 6/22/23 at 12:56 pm to PeteRose
You need a place for all those voters that come in for the election.
Posted on 6/22/23 at 12:57 pm to GeauxTigers123
quote:
What kinda homes we talking? Like small homes in east plano or 4,000 square foot homes in west plano?
2000-3000 sqft in central-west Plano. Mostly built in the late 70s/early 80s.
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