https://creditnews.com/policy/stay-out-of-the-markets-kevin-oleary-urges-policymakers-to-drop-bill-that-would-ban-wall-street-from-buying-homes
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Only US citizens should be allowed to buy homes in the US.
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Unironically agree 100%.
Isn't it that way in many other countries too? It's not like the US would be treading new ground lol.
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it should be reciprocal.
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US citizens should be forced to buy houses?
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Homes should be forced to buy US citizens.
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One of my coworkers was talking about this yesterday. He seemed to think a full 25% of all SFH purchases in the last year were institutional investors. I told him I straight up didn't believe that, it's an absurd number.
What does this even fricking mean? Like what do they mean by "demand for affordable rental units"? People who just think their rent is too high? lmao
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Affordable rental units basically means no housing.
It means people want cheap rental units that white trash and
s don't live near.
The issue being that all those units are expensive.
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All else equal, everyone wants everything to cost less. This is an utterly r-slurred goal to pursue through government policy.
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It's a stupid populist bill that undoubtedly relies on some sort of argument that would embarrass an econ 101 student.
Usually there's hand-waving implicit theory of how institutional investors create vacancies. Or alternatively they identify some weird behavior that is the result of some other policy (eg. expectations of bailouts if investments go south) and rather than address the root cause of the weird behavior they just try to legislate it away.
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Kevin oleary is a massive cute twink r-slur who made all his money off of a shitty scam company during the dotcom bubble
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He's a “professional” butthole.
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Snapshots:
ghostarchive.org
archive.org
archive.ph (click to archive)
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Very nice.
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Today I will ban these suppliers from building or buying housing.
Consequently, we will also prohibit owners from selling to these buyers with an immense amount of money.
This will increase the supply of housing, thereby lowering prices.
This is a lot like rent control, which seems great in the short-run, but r-slurs are oblivious to long-term problems (which they will blame on the market, because again they are r-slurred).
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