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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Surely when people are mega rich, they'll buy stuff and the gains will trickle down! /s
Instead they literally seek rent.
I don't really wish ill on anyone but I would love for the housing market to just tank.
The problem is someone would want to bail them out.
I am against corporate bailouts excluding true emergencies like COVID.
Otherwise, let them fail. The job of the ELT is run the company and prepare for bad times and good times. If they didn't prepare, fuck them.
A house is not a standard investment. It is where you live. I don't mind investment apartments or "condos" or even a few rental homes. My issue is the large amount of money PE can summon to destroy things.
It is why I couldn't vote for Romney. He made his fortune by destroying things and not creating things. I am not a huge fan of Musk as a person but I respect he has created well paying jobs. For that, I salute him. We need less Romney's in the world and more people like Musk.
I wouldn't even bail out for COVID. I'm paying out the ass for insurance and still end up thousands in medical debt.
A gray area exists for small businesses, but fuck corporate welfare.
The government shut them down. The money was to pay salaries to the employees. That is the only reason I support it.
@wintermute_oregon @Mango #COVID19 wasn't an emergency.
I do declare it was. I was activated back to active duty due to the emergency. We also shut down the United States for several months.
We can debate if it was the right course of action, but it was an emergency even if it was inflicted.
@wintermute_oregon ehhhhhhhh a 1% death rate doesn't equal an emergency in my book. I get that people were scared, but still, cooler heads should prevail when it comes to government leadership
It's easy to decide these things from the other side of history. At the time, when very little was known about survivability, transmissivity, etc, it was absolutely an emergency.