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re: What would you think of a bill that cancelled corporations buying homes, and 1 home limit?
Posted on 7/12/25 at 8:35 pm to Saunson69
Posted on 7/12/25 at 8:35 pm to Saunson69
Investors are able to obtain financing as owner occupied homes while they are fully aware they will lease the home. They are able to qualify for residential mortgage rates and a 30 year amortization on the loan. Such situations should clearly be commercial loans as they are used for investment -business purposes. The only homes that should qualify for secondary market residential mortgage loans are those which are owner occupied. Period! That would clear up a great deal of the problem.
0
Posted on 7/12/25 at 8:36 pm to Saunson69
Usually the guys who own 5 homes or so are locals.
The corps buy much more than 5.
The corps buy much more than 5.
Posted on 7/12/25 at 8:40 pm to Saunson69
quote:
and limit to 1 home per individual.
Uh, no.
Posted on 7/12/25 at 9:01 pm to oklahogjr
quote:
I absolutely believe some people will be life long renters. And I believe it's the right financial fit for a lot of folks who would struggle to pay for maintenance and upkeep on their home anyways.
Well put.
quote:
I also support creating more reasonable and affordable housing, I don't think a 1 home limit and preventing of companies from owning housing is the answer though. As I stated earlier we should be reducing the NIMBY Bs and zoning in order to create more housing to lower costs
Very well put.
Posted on 7/12/25 at 9:08 pm to Saunson69
Trump needs to ask these hedge funds to chill the frick out. Maybe reduce some regulations in another sector in return for them getting out of the market. Home ownership is the single greatest form of wealth Americans have, it’s the pillar of the American dream, and these hedge funds are creating a shortage.
Posted on 7/12/25 at 9:13 pm to Narax
quote:
nothing wrong with home ownership being permanently out of reach?
How is it out of reach? Answer it is not.
You can easily buy a house with hard work and changing lifestyle. Work hard, save up and you can buy a house. Pretty simple
Posted on 7/12/25 at 9:19 pm to Saunson69
quote:I don’t think anyone needs more than one toilet.
I don't think anyone needs to own more than 1 home
Posted on 7/12/25 at 9:19 pm to Saunson69
why didn't you say that tough guy? my cousin who did the100k to the studs restoration on my house own's 4 rental houses, your problem is a lack of ambition and horrendous life choices.
in the future do better!
in the future do better!
Posted on 7/12/25 at 9:29 pm to AubieinNC2009
quote:
How is it out of reach? Answer it is not.
Just need a good woman alongside you. And be a touch flexible with your requirements on your first home.
“I can’t afford a $1M luxury condo in downtown ______.”
Yeah. Welcome to Earf.
Posted on 7/12/25 at 9:34 pm to Saunson69
quote:Who f*cking made you king? Tyrant.
I don't think anyone needs to own more than 1 home
Posted on 7/12/25 at 9:43 pm to AubieinNC2009
quote:
or maybe needs sweat equity
Last week I bought a 4/2 1800 living on a double lot by McNeese for $45K. The comps for it remolded come in around $180K. I can fix it up cheaper than most people because that's what I do but a couple starting out could have bought that house and made it nice over time and had a ton of equity for their first house to build off of but as you said too many think they have to buy the new builder spec house because all of their friends on Facebook did too.
The truth is, there isn't really a housing shortage. There's a shortage of houses that people want to buy.
This post was edited on 7/12/25 at 9:44 pm
Posted on 7/12/25 at 9:46 pm to Saunson69
quote:
I don't think anyone needs
There's the problem with this line of thinking.
Posted on 7/12/25 at 9:47 pm to AubieinNC2009
quote:
How is it out of reach? Answer it is not.
You can easily buy a house with hard work and changing lifestyle. Work hard, save up and you can buy a house. Pretty simple
There will always be people who won't be able to get a house.
Beyond that there are people who shouldn't get a house.
2008 destroyed a lot of people who entered home ownership unwisely.
Its like saying people can easily get thin quickly.
Sure theoretically.
But there will be fat people.
Home ownership is tough.
My first home was foreclosed with water damage, I bought it from the bank knowing it was going to take months of nights and weekends to fix.
A single mom on welfare with 6 kids isn't going to fix that place.
No matter how much girl power she thinks she has.
Sure at 18 and single, most people could work hard and save up to own a house.
But people don't need to own their own home.
But to some others point, it should be available to those who work for it.
Posted on 7/12/25 at 9:49 pm to Gee Grenouille
quote:
Trump needs to ask these hedge funds to chill the frick out. Maybe reduce some regulations in another sector in return for them getting out of the market. Home ownership is the single greatest form of wealth Americans have, it’s the pillar of the American dream, and these hedge funds are creating a shortage.
Wouldn’t surprise me if it’s intentional for the hedge funds to gobble up as many houses they can get their hands on. We’re speed running to rent everything, own nothing ever era.
Posted on 7/12/25 at 10:04 pm to stout
that's what my cousin does because he can do the work himself.
Posted on 7/12/25 at 10:06 pm to Saunson69
quote:
I don't think anyone needs to own more than 1 home
Posted on 7/12/25 at 10:14 pm to MrLSU
You do that.
Posted on 7/12/25 at 10:15 pm to Saunson69
The OP is displaying a shocking lack of critical thinking on how this idea would actually play out.
The government should never be able to tell you the limit of something you can own.
The government should never be able to tell you the limit of something you can own.
Posted on 7/12/25 at 10:29 pm to Saunson69
You didn’t think this out
Posted on 7/13/25 at 12:09 am to the808bass
I live very comfortably in a nice house in a vacation area on one salary. I worked hard and my family sacrificed to make it happen
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