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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They should never have been allowed to buy them to begin with.
The second best time is now.
People require housing. Corporations are people. /s
I'll believe that when one is executed.
Or charged with a crime. All the protections of a person with none of the liability. Seriously it’s beyond stupid. If someone said that to you you would laugh awkwardly and get out of the convo asap and depending who it was talk to their family about possible treatment from psychiatric providers. Yet here we are, having to all pretend like the psycho is right because they bribed a politician into making it the law.
Exactly. I couldn't have put it better.
Yeah, but you can squeeze 285,000 corporations in one office building!
I mean it's a free market, it's not reasonable nor desirable to proactively prohibit all possible bad scenarios
edit: to anyone downvoting, read carefully
I read your comment carefully and still downvoted because its an incredibly dumb thing to say.
why is that?
why is it a dumb thing to say? in a free market, it is wise to take all that you can for your shareholders. Maybe a free market isn't what you desire?
It's greedy and antisocial. You're a moron. Capitalism is a stain on world history.
well, that's kind of exactly what we're saying. we are stating what laissez faire capitalism is. i agree that it is antisocial, greedy, immoral and a bane of our existence...and really the major thing holding modern society back. i never said i support a free market (hint: i don't)....just stating what it is. your reply might come off as antisocial (ie morons)
So the way to counteract that would be passing laws preventing it? The thing being proposed?
This is like me saying "my house is on fire! Put water on it!" And someone replying "you shouldn't do that because the purpose of fire is to burn things" and thinking they're clever. Nobody here is pro-fire.
That's a really good point. I should be able to buy some people since it's a free market and it's just impossible to curb exploitation.
I don't wanna get exploited! You better be willing to buy me for a fair price...
"Best I can do is minimum wage and some cheap pizza on labor day." -somebody
Hmmm... Can you tell me how to use my paid leave? I like it when medical leave gets denied because I wasn't sick enough. Beat me with those loopholes, daddy!
“You get paid leave? Shit. Who fucked that up?”
that is not what I said at all
Looks like people think that's what you said. Maybe you should consider clarifying instead of just saying "I didn't say that" or "read it again".
If the majority of people are "misunderstanding" you, maybe you should consider the possibility that the problem is with what you said, not with the people reading it.
I've looked over it, it's one very simple sentence.
There's not much I can do at this point, my comment is caught up in the circlejerk train. That's just the
redditlemmy experienceIf everyone is misunderstanding you, and you can't figure out how to reword or explain your intention, that's not a circle jerk. That's just you expressing yourself incredibly poorly.
Reword it, delete it, or walk away. Insisting people "read it again" isn't doing anything.
You must not be very familiar with the internet
No u
You must not be very familiar with the internet
Sure I am. You just need to read my post again.
I was just saying that as I was about to send my 6-year old out to the corner store to go buy some cigarettes for me, since our free market hasn’t imposed any restrictions on that transaction.
Or if you look at the housing market specifically, in my area at least, I can’t buy a second home in the same area as an individual. I can buy investment properties that I’d need to rent out, but I’m forbidden from owning a second residence for myself.
State, Local, and Federal lawmakers are constantly proactively prohibiting bad scenarios. And in this case, it wouldn’t even be proactive, it’s literally something that’s going on right now that needs corrected.
Homes are for people.
A true Libertarian utopia.
If allowing ordinary people to be priced out of owning homes is your idea of a free market, then fuck the free market.
People are priced out of homes specifically because the market has been kneecapped by bad zoning policy.
Homeowners got theirs and then pulled up the ladder
Gods yes. We can't predict every sort of bad behavior in the market, only react. Bunch of arm-chair quarterbacks in here, "We should have seen this coming!" Watch 10 people tell me exactly how we could have.
And on this issue, it's high time to react. Doubt it will happen. :(
It's not a free market... that's not an actual thing that can ever exist. It's a state where the markets are in a perfect, frictionless state, where barriers of entry are non-existent and everyone has equal access to trade on the market... Ignoring petty things like needing to actually source things
It is, in fact, both reasonable and desirable for the government to proactively watch and interfere in the markets before they enter a failure scenario, that's their job in the market.
It's often willfully misunderstood, but what you're describing is a half step from lasse faire capitalism. Which is the idea that a "free market" is a stable state, and we just need to let it settle long enough without interference. But that's literally psuedoscience...