New Legislation Proposes to Take Wall Street Out of the Housing Market
New Legislation Proposes to Take Wall Street Out of the Housing Market
A bill introduced in the House and Senate would prevent hedge funds from owning single-family houses in the United States.
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Now what’s the chance of this actually passing?
Via referendum? I say 80% chance of a majority.
Congress? 5% is generous
Eh maybe, I can see the attack ads now though.
Special interests in Washington want to destroy the value of your home by placing strict regulations on home ownership! Government beurocrat fat cats wants to put themselves in charge of who can and can't buy a home! Don't let the big wigs in Washington destroy your homes value and strangle your children's future and their inheritance! Vote no on proposition 1! This ad paid for by free homes for all real Americans (a Koch industries subsidiary).
Never underestimate peoples ability to vote against their own interest when partisanship get involved.
With a divided Congress, the bills are unlikely to pass into law this session. But Mr. Smith said legislators needed to start a conversation.
:|
How exactly does Mr. Smith propose a conversation begin with a bunch of seditious asswipes???
It's probably not intended for them, it's another issue they want in the media to bring people to the polls next year
First he has to go to Washington...
Dad joke extraordinaire.
Lol
Well, yeah. That's how politics work. Or should.
Get the issue in front of the people, get them talking. Like we are now. Give one side a chance to say, "See what we tried and got shot down!" You gotta start somewhere.
This is the first I've heard of such an initiative and I'm all in.
I wonder which side doesn’t want it to pass /s
Fun fact: there is always a divided congress because the ruling class just adjusts its spending on elections to ensure nothing ever gets done in our favor.
As soon as we start voting more/for better candidates, they start spending more. They haven't even scratched the surface of how much they can spend to control the government; they don't need to yet.
As the disparity in wealth continues to grow, they'll just have even more money to ensure their grip for generations.