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Posted on 1/7/26 at 12:46 pm to AUCom96
Unfortunately the libertarian leaning "conservatives" in this country love getting buttfricked by the liberals and will stand in the way of any pragmatic solutions that aren't pure 100% free market capitalism. These people love to be ruled over by far left leaning corporations in the name of standing up to government intervention.
Posted on 1/7/26 at 12:46 pm to Big Scrub TX
Sure, the devil is in the details and almost functions as a form of rent control.....but don't force proto socialists to actually think this out.
Posted on 1/7/26 at 12:48 pm to boogiewoogie1978
quote:As you should know, the entire point of corporations is they are treated as "legal persons" before the law - including the ability to own property. Just ask any group of friends who ever put together an LLC for the sole reason of buying property.
Why ban what? Corporations buying single homes that are intended for individual property?
"Intended for individual property"? What does that even mean? Intended by whom?
How many is too many for one corporation?
What do you think this is even doing? I can tell you after the financial crisis, investment firms buying properties en masse, fixing them up and them renting them out greatly improved the net utility of the country.
This post was edited on 1/7/26 at 1:25 pm
Posted on 1/7/26 at 12:48 pm to The Egg
This is the shite I voted for. Passing this and kicking illegals out will make home ownership way more affordable for the average working man
Posted on 1/7/26 at 12:48 pm to The Egg
Now this will help the mid terms! 
Posted on 1/7/26 at 12:50 pm to CAD703X
quote:What does this even mean?
over market price
quote:And you blame this on...corporations? Have you looked at aggregate inflation since then? I would guess a car you bought in 1997 would now cost you at least 2-3X more today. Is that the fault of companies buying homes also?
eta i bought a starter home in nashville for $134k in 1997.
in 2017 it was worth about $200k.
today its valued at $440k on zillow and i guarantee if it hit the market it would go for 500+.
Posted on 1/7/26 at 12:51 pm to The Egg
Posted on 1/7/26 at 12:51 pm to sgallo3
The current housing problem is not caused by capitalism. It’s caused by government interference.
Even with this new policy, the housing problem will persist. It’s a bubble that has been preserved by government policies in mortgage underwriting and interest rate policies.
Owners (rationally) don’t want to accept lower prices for their homes. So unless the government stops subsidizing home loans/ artificially lowering rates, the problem will never resolve. Even if they do fix policies, it will be a generation before the housing market will recover.
Even with this new policy, the housing problem will persist. It’s a bubble that has been preserved by government policies in mortgage underwriting and interest rate policies.
Owners (rationally) don’t want to accept lower prices for their homes. So unless the government stops subsidizing home loans/ artificially lowering rates, the problem will never resolve. Even if they do fix policies, it will be a generation before the housing market will recover.
Posted on 1/7/26 at 12:51 pm to BuckeyeGoon
quote:
Unfortunately the libertarian leaning "conservatives" in this country
Libertarianism sounds good, but it's full of shite. One big reason for civilization is to keep the biggest, meanest fricker from just killing you and your kids and running off with your wife and everything you own. That's law. But when it comes to money, no... we can't have rules. That's un-American! Meanwhile, those biggest meanest frickers in the money world buy the rulemakers and the rules and game the board so few can play. Hardly the more romantic notion of libertarian. Keep the wealth concentrated, though.
Posted on 1/7/26 at 12:52 pm to MrLSU
quote:
This impacts less than 20 companies across the US with the largest being Progress Residential which owned around 94k single family homes but has been disposing of these assets for the last couple of years given the real estate downturn.
Now they won’t be able to reload during the next major correction. Less competition for homebuyers.
Posted on 1/7/26 at 12:55 pm to Henry Jones Jr
Your prices are not going down. You can kick out every single illegal and you will not move the needle.
People like Black Stone started buying this because there was a glut and largely, many "buyers" did not see the advantage in outright home ownership....there's no shortage of people looking to rent vs trying to save 30K in order to just qualify.
People like Black Stone started buying this because there was a glut and largely, many "buyers" did not see the advantage in outright home ownership....there's no shortage of people looking to rent vs trying to save 30K in order to just qualify.
Posted on 1/7/26 at 12:55 pm to AllbyMyRelf
quote:
The current housing problem is not caused by capitalism. It’s caused by government interference.
Even with this new policy, the housing problem will persist. It’s a bubble that has been preserved by government policies in mortgage underwriting and interest rate policies.
Owners (rationally) don’t want to accept lower prices for their homes. So unless the government stops subsidizing home loans/ artificially lowering rates, the problem will never resolve. Even if they do fix policies, it will be a generation before the housing market will recover.
Agree with a lot of your points. Let’s remember Trump is a real estate genius. Give him a chance to cook.
Posted on 1/7/26 at 12:56 pm to AUCom96
The libertarian argument against government intervention in the market isn’t that it’s somehow immoral, it’s that government intervention doesn’t work and usually exacerbates the perceived problem (usually caused by some other government intervention) it’s trying to fix.
Editing to add: that I’m not a libertarian (read anarchist) and do think there should be some intervention, like the protection of property rights, punishment for fraud, punishment for usury. These are laws tailored to the common good. But if a policy/ law isn’t achieving its stated end, then it’s not tailored to the common good, and shouldn’t be law.
Editing to add: that I’m not a libertarian (read anarchist) and do think there should be some intervention, like the protection of property rights, punishment for fraud, punishment for usury. These are laws tailored to the common good. But if a policy/ law isn’t achieving its stated end, then it’s not tailored to the common good, and shouldn’t be law.
This post was edited on 1/7/26 at 12:59 pm
Posted on 1/7/26 at 12:56 pm to Big Scrub TX
quote:
Dumb. Will result in lower rental stock.
They’ll just build more duplexes and apartment buildings.
As far as being able to rent a house, yeah. That’s exactly what will happen.
Posted on 1/7/26 at 12:57 pm to The Egg
I hope he does the same for veterinary clinics as they are being bought up, not changing the name and service charges are astronomical.
https://www.economicliberties.us/our-work/the-save-our-pets-act-stopping-the-corporate-takeover-of-veterinary-practices/
https://www.economicliberties.us/our-work/the-save-our-pets-act-stopping-the-corporate-takeover-of-veterinary-practices/
Posted on 1/7/26 at 12:59 pm to Big Scrub TX
quote:you might want to do some research on whats been going on in the nashville housing market the last 8 years or so before pretending you know something.
And you blame this on...corporations? Have you looked at aggregate inflation since then? I would guess a car you bought in 1997 would now cost you at least 2-3X more today. Is that the fault of companies buying homes also?
Posted on 1/7/26 at 1:00 pm to The Egg
quote:
For a very long time, buying and owning a home was considered the pinnacle of the American Dream. It was the reward for working hard, and doing the right thing, but now, because of the Record High Inflation caused by Joe Biden and the Democrats in Congress, that American Dream is increasingly out of reach for far too many people, especially younger Americans. It is for that reason, and much more, that I am immediately taking steps to ban large institutional investors from buying more single-family homes, and I will be calling on Congress to codify it. People live in homes, not corporations. I will discuss this topic, including further Housing and Affordability proposals, and more, at my speech in Davos in two weeks.
This should have been done concurrent with the 2008-2009 Financial Meltdown. I wonder on occasion how many hundreds of thousands if not millions of homes were bought by institutional real estate investors with ZIRP money in the aftermath of the Financial Meltdown of 2008-2009? Many were bought at a 40-50% discount.
Posted on 1/7/26 at 1:04 pm to TigerFanatic99
quote:
The pragmatic side of me can't help but think, "oh yeah, regulate me harder, daddy!"
Yeah. This is very socialist/communist. Anyone who values private property rights has to be worried that this is where the (purported) right is going.
With populists, expect populism.
Posted on 1/7/26 at 1:04 pm to The Egg
Am I the only one who sees the irony in a guy that owns $2 billion worth of real estate wanting to ban the excess buying of real estate?
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