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re: Executive Order banning Big Wall Street from buying up single-family homes

Posted on 5/12/26 at 6:02 pm to
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
139022 posts
Posted on 5/12/26 at 6:02 pm to
quote:

Voters are lazy
Compare that "laziness" IYO vs Congressional criminality or treasonous excepting of oaths
Posted by RogerTheShrubber
Juneau, AK
Member since Jan 2009
299716 posts
Posted on 5/12/26 at 6:04 pm to
quote:


Compare that "laziness" IYO vs Congressional criminality or treasonous excepting of oaths


Sounds like the Republican party needs better leadership.
Posted by NC_Tigah
Make Orwell Fiction Again
Member since Sep 2003
139022 posts
Posted on 5/12/26 at 6:25 pm to
quote:

Sounds like the Republican party needs....
and...?
Posted by RobbBobb
Member since Feb 2007
34286 posts
Posted on 5/12/26 at 7:58 pm to
quote:

Not doing inspections puts the buyer at risk. Not sure what point you’re trying to make here

That the big firms are buying these houses and not having them inspected (to save on costs). Then turning around and renting them out to unsuspecting clients

And the sellers are assisting with that. So they can turn huge amounts of homes in a fraction of the time

Thats a pretty big point as to why it doesnt need to be allowed
Posted by Plx1776
Member since Oct 2017
18634 posts
Posted on 5/12/26 at 8:26 pm to
It is what it is. I pity those trying to get housing these days. I don't blame the small mom and pop businesses who own several houses and are just renting them at market rates. They didn't set the market rates... they are just piggybacking off some of the corporations who own hundreds, thousands of houses who did set the new rental rates.

People are renting these places. So there's no lack of demand. But it's normally wealthier transplants from other areas renting them, or a group of 4 or 5 people pooling their money together to rent them. Rare to see a small family working two shite jobs able to afford to rent even the shittiest of houses.

Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
37071 posts
Posted on 5/13/26 at 8:21 am to
I've said it here before, but my take on it is this "housing crisis" has been driven by two things:

1) Pretty much the largest migration at one time on our countries history, driven by covid

2) The inflation and workforce dropouts driven by the policies related to #1

3) Letting in 20,000,000 or so additional people over the course of 4 years

The market has and is still adjusting, but indicators are that it's catching up, as it always does. It just doesn't happen overnight.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
37071 posts
Posted on 5/13/26 at 8:25 am to
quote:

That the big firms are buying these houses and not having them inspected (to save on costs). Then turning around and renting them out to unsuspecting clients


This is a retarded take.

1) Home inspections cost a few hundred bucks, so a fraction of a fraction of a fraction of the homes cost

2) The owner, in this case the corporation, is still on the hook for any repairs or maintenance

3) Whomever they eventually sell to WILL get an inspection and anything that's found they would have to pay for or make concessions on before selling

This is an example of someone using a talking point multiple times and the masses adopting is at truth without even thinking about it.
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
37071 posts
Posted on 5/13/26 at 8:27 am to
quote:

People are renting these places. So there's no lack of demand.


quote:

The intense, post-pandemic demand for rentals has eased as of early 2026, driven by a significant influx of new apartment supply and improved affordability. While the market is not "easy" or cheap, it is normalizing, with rent growth slowing to its weakest pace since 2020.


As I said, the market is catching up, demand is easing, rents are coming down.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
477219 posts
Posted on 5/13/26 at 8:29 am to
quote:

to prevent monopolies,


Why do y'all keep referencing monopolies in this discussion?
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
477219 posts
Posted on 5/13/26 at 8:36 am to
quote:

That the big firms are buying these houses and not having them inspected (to save on costs). Then turning around and renting them out to unsuspecting clients

And the sellers are assisting with that. So they can turn huge amounts of homes in a fraction of the time

Thats a pretty big point as to why it doesnt need to be allowed


This post makes no sense.

It would make some sense if they were flipping it to another homeowner, but a renter in the property will have lessor rights/protections and if the home isn't in proper order, the landlord will 100% be mandated to fix it.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
477219 posts
Posted on 5/13/26 at 8:37 am to
quote:

I've said it here before, but my take on it is this "housing crisis" has been driven by two things:

1) Pretty much the largest migration at one time on our countries history, driven by covid

2) The inflation and workforce dropouts driven by the policies related to #1

3) Letting in 20,000,000 or so additional people over the course of 4 years



You left out the biggest related to federal policies post-2009 that have done everything they could to prop up/inflate housing values, like ZIRP (which returned under Covid and basically broke the system) and QE.
Posted by BTROleMisser
Murica'
Member since Nov 2017
13847 posts
Posted on 5/13/26 at 9:47 am to
Good. This is long overdue.
Posted by BTROleMisser
Murica'
Member since Nov 2017
13847 posts
Posted on 5/13/26 at 9:48 am to
quote:


quote:
Liberals about to be defending billionaires again


Just like MAGA will be defending government manipulation of free markets

With populists, expect populism.


With TDS nerds, expect TDS skyscreaming and obsessive crying about OMB and MAGA. You are a prime example of it every day here.
Posted by beaux duke
Member since Oct 2023
4911 posts
Posted on 5/13/26 at 9:50 am to
jared kushner owns something like 25,000 apartments
how is that different?
Posted by Chucktown_Badger
The banks of the Ashley River
Member since May 2013
37071 posts
Posted on 5/13/26 at 9:55 am to
quote:

jared kushner owns something like 25,000 apartments
how is that different?


I assume the difference that would be pointed out is that single families aren't buying big apartment buildings. Those are almost exclusively bought/developed by large corporations.

ETA: For the first time in my time on this board I'm agreeing with SFP on something
This post was edited on 5/13/26 at 9:55 am
Posted by stout
Porte du Lafitte
Member since Sep 2006
182512 posts
Posted on 5/13/26 at 9:56 am to
quote:


jared kushner owns something like 25,000 apartments
how is that different?



You are such a retard

You literally answered your own question. Apartments aren't SFH

Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
477219 posts
Posted on 5/13/26 at 10:00 am to
quote:

With TDS nerds, expect TDS skyscreaming


It's a good thing none of these words apply to me.
Posted by SlowFlowPro
With populists, expect populism
Member since Jan 2004
477219 posts
Posted on 5/13/26 at 10:02 am to
quote:

Apartments aren't SFH


They're buildings containing single family units. I think he's asking what's the philosophical/theoretical difference in the two, especially within the context of this discussion about big businesses impacting living units of families.
Posted by beaux duke
Member since Oct 2023
4911 posts
Posted on 5/13/26 at 10:02 am to
quote:

You literally answered your own question. Apartments aren't SFH

families don't live in apartments?
have you ever been to a city?
Posted by stout
Porte du Lafitte
Member since Sep 2006
182512 posts
Posted on 5/13/26 at 10:04 am to
It is about being able to purchase SFHs. That's it.

Apartments are a completely different category in every sense possible.

Your gotcha attempt is stupid.
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