Harris endorses S.2224 - Stop Predatory Investing Act

[WuWei]

@Jezcoe

@DMK

@Jezcoe

We should give them tax breaks and they will pass those savings on to the tenants.

No, what she proposes is to take away tax breaks. That will increase the costs to the tenants. Those who own 50 or less will be able to increase their prices. Anyone with half a brain would do so.

So we should decrease their taxes and the rents will go down.

It’s possible.

[DMK]

@RTchoke

Don’t worry, rent control is next. That will keep those nasty greedy landlords in their place right along with those greedy grocers. Between price controls on food and rent control…Utopia!!!

Except that is a recipe for disaster. Ever notice the democrats proposing things like this are so arrogant that they don’t realize if it didn’t work somewhere else, it won’t work here?

Housing Supply Booms in Argentina Since Javier Milei Cut Rent Control Law

[WuWei]

Don’t move to Atlanta.

[PurpnGold]

@Gaius

@PurpnGold

These poor, uneducated illegal immigrants are now buying homes?

Or landlords are buying houses to rent to them. (ooof)

Without verifiable income? No credit score? Aren’t they poor and uneducated? If so, how are they affording high rents?

[WuWei]

@FreeAndClear

May not be the best comparison but what happened to private farms once corporate farms started taking over?

Which one can afford the costs of complying with the regulatory state?

[Auto129]

I’m completely serious. If we’re going through all the effort of using federal land to build affordable housing, then put it in ink. Nobody can buy more than one.

[Jezcoe]

@PurpnGold

@Gaius

@PurpnGold

These poor, uneducated illegal immigrants are now buying homes?

Or landlords are buying houses to rent to them. (ooof)

Without verifiable income? No credit score? Aren’t they poor and uneducated? If so, how are they affording high rents?

We currently have a system that someone with a $2000 a month rent can’t get a mortgage with $1200 a month payments.

[WuWei]

@PurpnGold

@WuWei

@PurpnGold

@Ben_Natuf

They aren’t building? What world are you living in?

The world where there is still a housing shortage which is driving up home prices and rent.

Stop adding demand.

Birth rates are falling… so maybe the problem will fix itself

Illegal immigration isn’t falling.

[Gaius]

@PurpnGold

@Gaius

@PurpnGold

These poor, uneducated illegal immigrants are now buying homes?

Or landlords are buying houses to rent to them. (ooof)

Without verifiable income? No credit score? Aren’t they poor and uneducated? If so, how are they affording high rents?

Where do you think they are living
a.) Manhattan penthouses
b.) trees
c.) in rental housing owned by an landlord

[DMK]

@Jezcoe

How can the playing field be level when on one side you have individual owners and on the other there is institutional investors with access to Millions in Capital?

If an institutional investor demands 5K for a rental and individual owners in the same location are demanding 3K for the same, how long do you think it will take for that 5K rental to be occupied?

[WuWei]

@FreeAndClear

@Gaius

Taxing landlords at higher rated raises the cost of rent

That is most likely true. Did the tax breaks reduce rent?

It’s possible.

[WuWei]

Bad loans to bad borrowers.

[WuWei]

[Ben_Natuf]

how many of those securities would have been worthless had the deadbeats not defaulted?

[DMK]

@PurpnGold

Without verifiable income? No credit score? Aren’t they poor and uneducated? If so, how are they affording high rents?

When you have a high occupancy rate per home with the bills being split between them?

[WuWei]

@Gaius

@WuWei

imported 20 million demanders.

wait . . . what?

Illegals needs casa too!

[PurpnGold]

@WuWei

@PurpnGold

@WuWei

@PurpnGold

@Ben_Natuf

They aren’t building? What world are you living in?

The world where there is still a housing shortage which is driving up home prices and rent.

Stop adding demand.

Birth rates are falling… so maybe the problem will fix itself

Illegal immigration isn’t falling.

Net zero

[WuWei]

@PurpnGold

@WuWei

Stop adding demand.

“Experts” estimate a shortage of 4-7 million homes. Yaboi imported 20 million demanders.

If that is true… where are they now? How are these poor uneducated illegals afford high rents and home prices?

How are they renting without verified income? How are they purchasing without a social security number?

Pooling.

Using cut outs.

Where do you feel they are living?

[Jezcoe]

@DMK

@Jezcoe

How can the playing field be level when on one side you have individual owners and on the other there is institutional investors with access to Millions in Capital?

If an institutional investor demands 5K for a rental and individual owners in the same location are demanding 3K for the same, how long do you think it will take for that 5K rental to be occupied?

When it is a quarter of the housing market… that is a distortion on the market.

With the apartment building that I own, I fight with my property manager to keep the prices down because there is a huge housing shortage in the area and i want what I have to be rented to people who work for a living.

A large corporation will have no such relationships or care because it is run by a sentient spreadsheet whose main objective is to maximize shareholder value.

[Auto129]

They can’t afford a house, but they can afford mortgage, property taxes, insurance, maintenance costs and profits that pass through into that rent. Three times over.