Wall Street has spent billions buying homes. A crackdown is looming.
Wall Street has spent billions buying homes. A crackdown is looming.
Wall Street went on a home-buying spree. Now, more lawmakers want to stop it from ever happening again by regulating investors' appetite for single-family homes.
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I guess my question to the OP and any other conservatives here (which I am not, to be up front) is: why is this something you want to solve? I don't see how regulating this would be in line with conservative principles at all. Wouldn't the conservative approach to be trusting the free market to eventually right any wrongs brought about?
don’t see how regulating this would be in line with conservative principles at all
Then you don’t understand conservatives well.
Libertarians are all about the free market. Conservatives are about a fair market with light regulations. Also the family is a core concept of conservatism. People owning homes is good for the family. It’s a solid way to build generational wealth.
I would say that it aligns with a broad view of conservatives but not so much the conservative tradition in America, which has historically been fairly libertarian in their approach to the market. Regardless your reply makes sense, so I appreciate it. Sounds like one of those rare items of alignment between our political factions!