pull down to refresh

Wiping out flippers and corporate buyers could be a big game-changer, both in dropping price as well as cooling of markets for real homebuyers.

The cost of single-family homes is a huge issue, but focusing solely on "large institutional investors" misses the deeper issue. Real estate investment in general is driven by a lack of a superior store of value.

When money was created in response to the pandemic, a large amount of it ended up in better stores of value, like real estate. Removing Blackstone might lower competition at the top, but smaller investors and individuals will still be forced to treat housing as a long-term store of wealth until they feel like there is a better alternative.

reply
69 sats \ 1 reply \ @Wumbo 7 Jan
Trump did not provide details on how such a ban would be implemented. Trump said he plans to outline additional housing and affordability proposals during a speech at the World Economic Forum in Davos in two weeks. Sen. Bernie Moreno, R-Ohio said Wednesday he will introduce a bill to make it harder for larger investors to buy single family homes.

Now they will need to create a national registry to be able to determine who is and who is a not a "Large Investor"

reply

Don't be silly. They just need to implement a national property tax and (trust me bro) they'll permanently exempt primary residences.

reply

Typical. Trying to fix a problem at the symptom level.

reply