I'm all for most laissez faire philosophy, but housing is a different animal.
I think most peeps would consider it a basic human need, since y'all consider smart phones and internet to be.
And there are arguments to be made that home ownership promotes a sense of community, of ownership of a neighborhood, you are just passing through. So making it tougher to own houses could conceivably make society worse than it already is.
No home owner will fill his own toilet with concrete and pull copper on the way out. A renter may.
Might compare it to corporations buying up all the fresh water and running the price and scarcity up (Nestle, and Arabian alfalfa growers in Arizona doing exactly this).
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"Be bold, and mighty forces will come to your aid."
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Banks don't own enough houses for it to matter (assuming we're talking about mortgage holders/defaults). If you mean investment banks, that's a different horse.Leisher wrote: Mon Apr 01, 2024 1:30 pm Banks are excluded from rules for obvious reasons, but they should have some limit on how long they can keep a house off the market (Maybe? Catt, would that be unfair to them? Would they care?)
OK, there we go.Leisher wrote: Mon Apr 01, 2024 1:30 pm -Houses should be off the market as investment assets, ala what Blackrock has been doing.
NYC recently took a bunch of AirBnbs off market. I don't know if it has changed housing/rental market much, but hotels are more expensive. Seems logically, that housing would fall a little.Leisher wrote: Mon Apr 01, 2024 1:30 pm -AirBnB and their ilk should be limited to a certain number of houses. I have no idea how that would look, but I'm thinking it would need to be controlled on a city by city basis. Resort cities should probably allow a higher percentage than say, Detroit.
Blackrock owns homes to rent them out, not to sit on them.Leisher wrote: Mon Apr 01, 2024 1:30 pm Related question: We see lots of stories on the news about stupid squatter laws hurting the average citizen, but Blackrock owns a shitton of houses. If they're vacant, why aren't people moving into them?
It's not me, it's someone else.
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Damn shame. It would have been hilarious to organize a massive squatter movement against them.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
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This reminds me of my "I don't buy candy bars any more because I'm not paying $1.79 for something I used to pay $.50 for". Conditions right now are not that different from when I bought my previous house. Prices were up (beginning of the balloon), and our interest rate was around 7%.Leisher wrote: Mon Apr 01, 2024 12:44 pmListen, I'm on your side with the whole "earn your way there" thing, but you lose me if you think houses are priced correctly. Especially with interest rates being where they are compared to where they had been recently.Cakedaddy wrote: Mon Apr 01, 2024 12:33 pm Another article about how people just starting out can't afford their dream home because they want to skip the starter home phase?
I will give you that houses and loans are up from their record lows, but I don't think things are broken right now.
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Well all the real estate experts think you're wrong, so...Cakedaddy wrote: Mon Apr 01, 2024 3:50 pm I will give you that houses and loans are up from their record lows, but I don't think things are broken right now.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
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I chuckled.
To be fair to them, they know more than us.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
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"Expert" says the US will become a "renter nation".
Makes sense. Most people can't afford a house now. The long term plan is probably to push everyone out of home ownership. No more pesky people owning their own homes and contributing nothing to a corporation's bottom line! How do we feed the insatiable Wall St machine unless we're constantly squeezing people for every cent?
HaaS (Homes as a Service)
Makes sense. Most people can't afford a house now. The long term plan is probably to push everyone out of home ownership. No more pesky people owning their own homes and contributing nothing to a corporation's bottom line! How do we feed the insatiable Wall St machine unless we're constantly squeezing people for every cent?
HaaS (Homes as a Service)
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Post-Corona Economy
The Native Americans will finally get their way.... "You can't OWN land, or a tree."
You can only pay someone to borrow it for a while.
You can only pay someone to borrow it for a while.
"Be bold, and mighty forces will come to your aid."
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I would correct that to "YOU can't own land, or a tree."GORDON wrote: Tue Apr 02, 2024 10:40 am The Native Americans will finally get their way.... "You can't OWN land, or a tree."
Someone's going to own it, just not us slaves.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Post-Corona Economy
Want more housing? Get rid of rent control https://www.wsj.com/articles/albany-dem ... yURL_share
It's not me, it's someone else.
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Econ prof in 1996 used NYC rent control as an example of artificial scarcity.
"Be bold, and mighty forces will come to your aid."
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That's a really good article.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Post-Corona Economy
It's not me, it's someone else.
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wow.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
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Plenty of room for growth in Poland.
Surprised at Canada though, tf?
Surprised at Canada though, tf?
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I was more surprised about Poland. Good for them.
I guess I would have thought France would be lower too.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell
Post-Corona Economy
TheCatt wrote: Tue Apr 02, 2024 12:14 pm Want more housing? Get rid of rent control https://www.wsj.com/articles/albany-dem ... yURL_share
This is bullshit. Her lottery win is just displacing other people, raising their rents.
It's not me, it's someone else.
Post-Corona Economy
I like the comment in that thread saying she's essentially a squatter. It's true.
“Activism is a way for useless people to feel important, even if the consequences of their activism are counterproductive for those they claim to be helping and damaging to the fabric of society as a whole.” - Dr Thomas Sowell