This is objectively good regardless of political stance. The devil will be in the details though, I.e what counts as an “investor” and how easy it will be for large investment firms to abuse loop holes while mom and pop landowners get screwed
VonDukez on
Calls for it but won’t do it. He’s gonna get some crypto money from blackrock and we won’t hear about this again. This is just about clips for something people want but won’t get.
“Well at least he wants to do something positive why can’t you support him?”
My health insurance jumped 200 a month after all the drama about the ACA funding and he hasn’t presented his alternative to the ACA in 8 years since promising it in 2 weeks.
TentacleHockey on
Call me when the legislation is actually written. I’m guessing large investors can bypass this by paying a large fee straight to the Trump admin.
myexpensivehobby on
Because it’s trump this will probably be executed terribly and harm the everyday American. What it doesn’t fix is the current inventory being sucked up by investors. It’s one of the few things I actually support of his. But per usual it’s all talk and no action, typical republican behavior
unlmtdLoL on
If he does it you can guarantee it’s because he has a loophole where he or his family can do it but others cannot. It’s almost always a grift with this administration.
Meet_James_Ensor on
Will be interesting to see if he actually follows through in a meaningful way or simply posts on social media, and then writes an executive order directing HUD or whoever to “look into it.”
moreesq on
It’s ironic that he says “people live in homes, not corporations“ while corporations are deemed people for purposes of donating unlimited amounts to political campaigns.
lnth1 on
Lol things he wants he gets it done with EOs, bypassing democracy and everyone. Things he doesn’t really want he’ll suddenly call on congress to do their job
piggydancer on
*except for the ones who kiss his ass.
We saw the same thing with the tariffs. He makes headline announcements to gain support and then behind all his distractions does back room deals and carve outs to whoever kisses the ring.
EternalAngst23 on
Blackrock will have a quiet word in his ear, and tomorrow he’ll pretend like he never said it. He’ll call you stupid and a liar for even suggesting that he said it.
hankeroni on
There is close to zero chance this ever goes beyond a social media post.
That said, the way to improve the housing situation is not to mess around with who can own housing or what rent is or whatever … it’s to streamline the processes of building more houses and selling/improving the existing housing.
ImaginaryHospital306 on
Institutional investors a la Blackstone have been net sellers for years as the math just no longer makes sense at current interest rates. I smell a bailout.
Regardless, a ban on future purchases would be great.
flat-waffles on
“While large institutional investors continue to get most of the headlines in the single-family rental space, small investors account for more than 90% of the market. These are individuals owning 10 properties or less. The largest investors, those with 1,000 or more properties, make up just 2% of all investor-owned homes.”
This will surely drive down home prices.
volanger on
I’m all for this, but that doesn’t change the fact that epstien’s best friend, the war criminal dementia patient needs to be impeached for his crimes.
14 Comments
This is objectively good regardless of political stance. The devil will be in the details though, I.e what counts as an “investor” and how easy it will be for large investment firms to abuse loop holes while mom and pop landowners get screwed
Calls for it but won’t do it. He’s gonna get some crypto money from blackrock and we won’t hear about this again. This is just about clips for something people want but won’t get.
“Well at least he wants to do something positive why can’t you support him?”
My health insurance jumped 200 a month after all the drama about the ACA funding and he hasn’t presented his alternative to the ACA in 8 years since promising it in 2 weeks.
Call me when the legislation is actually written. I’m guessing large investors can bypass this by paying a large fee straight to the Trump admin.
Because it’s trump this will probably be executed terribly and harm the everyday American. What it doesn’t fix is the current inventory being sucked up by investors. It’s one of the few things I actually support of his. But per usual it’s all talk and no action, typical republican behavior
If he does it you can guarantee it’s because he has a loophole where he or his family can do it but others cannot. It’s almost always a grift with this administration.
Will be interesting to see if he actually follows through in a meaningful way or simply posts on social media, and then writes an executive order directing HUD or whoever to “look into it.”
It’s ironic that he says “people live in homes, not corporations“ while corporations are deemed people for purposes of donating unlimited amounts to political campaigns.
Lol things he wants he gets it done with EOs, bypassing democracy and everyone. Things he doesn’t really want he’ll suddenly call on congress to do their job
*except for the ones who kiss his ass.
We saw the same thing with the tariffs. He makes headline announcements to gain support and then behind all his distractions does back room deals and carve outs to whoever kisses the ring.
Blackrock will have a quiet word in his ear, and tomorrow he’ll pretend like he never said it. He’ll call you stupid and a liar for even suggesting that he said it.
There is close to zero chance this ever goes beyond a social media post.
That said, the way to improve the housing situation is not to mess around with who can own housing or what rent is or whatever … it’s to streamline the processes of building more houses and selling/improving the existing housing.
Institutional investors a la Blackstone have been net sellers for years as the math just no longer makes sense at current interest rates. I smell a bailout.
Regardless, a ban on future purchases would be great.
“While large institutional investors continue to get most of the headlines in the single-family rental space, small investors account for more than 90% of the market. These are individuals owning 10 properties or less. The largest investors, those with 1,000 or more properties, make up just 2% of all investor-owned homes.”
This will surely drive down home prices.
I’m all for this, but that doesn’t change the fact that epstien’s best friend, the war criminal dementia patient needs to be impeached for his crimes.