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.

I think everyone can agree on this article

  • Lookin4GoodArgs@lemm.ee
    15·
    2 years ago

    Companies that buy single-family homes say their businesses provide renters the opportunity to live in desirable neighborhoods where they otherwise couldn’t afford to buy.

    That’s true, because companies buying SFHs make it unaffordable to buy homes in desirable neighborhoods. They are the solution to the problem they created.

  • nxdefiant
    13·
    2 years ago

    Abbot has the ability to call the legislation into session whenever he wants to make them address special needs, he doesn’t need to wait for the next once-every-two-years session. Instead he tweets about it.

    Nothing will get done to address this until someone greases his palm about it, and given the signaling here, he’s angling for that grease to come from the corps that own all the houses.

  • a lil bee 🐝@lemmy.world
    10·
    2 years ago

    I guess my question to the OP and any other conservatives here (which I am not, to be up front) is: why is this something you want to solve? I don’t see how regulating this would be in line with conservative principles at all. Wouldn’t the conservative approach to be trusting the free market to eventually right any wrongs brought about?

      • a lil bee 🐝@lemmy.world
        41·
        2 years ago

        I would say that it aligns with a broad view of conservatives but not so much the conservative tradition in America, which has historically been fairly libertarian in their approach to the market. Regardless your reply makes sense, so I appreciate it. Sounds like one of those rare items of alignment between our political factions!

  • Mango@lemmy.world
    8·
    2 years ago

    Surely when people are mega rich, they’ll buy stuff and the gains will trickle down! /s

    Instead they literally seek rent.