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I thought Republicans believed in at least some semblance of a free market?
I do. However, what we have seen is a multinational company that has trillions in assets able to deploy those assets to be able to outbid everyone its not a fair fight at all. Its a slippery slope allowing them to do because it only makes people further dependent on corporations for even their housing. This isnt like buying an apartment building or even building the house those all are set and designed for individuals to by them at the end of the chain.
So do you believe in rent control? If not, why not?
I think because they want to.
LOL,
I was thinking... there is artificial scarcity in the market. Its a very good place to park money since it is insane to do so in many other assets. Banning them seems to me to be a pretty blunt approach and those types of approached tend to have bad consequences.
And plenty of home owners LIKE the cost of housing being high because of how they view their house. As a savings account. That is the deeper problem.
In fact I'm sure that's why Blackstone started this post 2008. Single family homes are a store of value. Whether that is as it should be is another question. It is an entity acting in its own self interest.
Exactly. I really think Trump makes things worse with these proclamations. Most people consider him a Republican, whatever that means anymore anyway, so these soviet like centrally planned proclamations become associated with the right.
Big businsesses can outbid consumers on almost everything.
One thing that has traditionally held that back is diseconomies of scale. Supposedly, a big business wouldn't be able to manage this big portfolio of real estate that easily, since the markets are highly localized and physical presence is required to monitor the condition and status of the property.
But it's possible that technology is making these diseconomies of scale go away, making it easier and easier for big businesses to manage a huge, diverse portfolio of varied assets.
See #1404356 for an interesting discussion.
They don't understand many principles in economics and therefore are tossed by the waves of the fiat money printer which is the root issue. That and housing regulations.
People live in homes, not corporations
People use real-estate as a savings vehicle. Normal people start and own corporations too. There's a double edged sword here that many are ignoring.
If housing prices crator but we don't have sound money where do people put their savings? The stock market? Maybe that needs more regulation too?
Maybe we need 10% higher taxes. Maybe a wealth tax. Republicans are all over the place. I was one for decades. It was untenable for me. The backflips they do.
They aren't leftists at least but they don't have a solid anchor so they drift with the left. And Trump really isn't even much of a traditional Republican.
Indeed. At least he's entertaining to watch and I do enjoy the triggering. If anyone ever had a doubt about the wall of opposition someone that wanted to radically change anything would face they should no longer.
I think back to Ron Paul's campaign and what he said he wanted to do. He would have been killed before he could have shut down the federal agencies that were on his list. Trump's goals are a pale comparison and you would think he was absolutely insane. DOGE was nothing compared to what a real liberty based leader would attempt.
Not speaking of the two as on the same side but both sought to be change agents. Paul is ideological, Trump is not. He's practical and works on instinct. Sometimes they are good but more often they are not.
no dude, are you even Republican?? lol
Thank God this is something LONG overdue and could really help slow down housing prices increasing