Yield-chasing investors are snapping up single-family homes, driving up prices

NiftyNiblick said:
An underregulated private sector will engage in activities that are not in the best interest of the community.

This is what the right calls "freedom."
If they wish to live in a civilized society, however, they can simply not be afforded that level of freedom.
If they further resist, more Draconian restrictions on their freedom is what comes next.
Prison comes to mind.
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Should we eliminate private property and have the state own all housing to avoid this? Or prevent anyone from owning more than a single property?
 
cawacko said:
You're the one saying these entrepreneurs should be thrown in prison. I was just curious what you had in mind for property rights.
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Carefully thought out regulations that will preclude exerting undue influence on property prices would be helpful.
The level of my personal interest wouldn't suggest participation on my part, but maybe a few congress members--
I'd suggest Katie Porter, Alexandria Ocasio-Cortez, Ilhan Omar, Ayanna Pressley, Rashida Tlaib, Jamaal Bowman, and Cori Bush--
could set up a committee and come up with a plan. They're all among our best and brightest legislators. I'd trust them.
 
Jack said:
(sigh) Well, one of the First Rules is, if you see Burglar Bars on doors and windows, that's NOT the place to buy!
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But real estate holds it's value Jack, I just read that. Guess who posted that?

If you bought a house on the westside of Detroit in the mid 1980's did it hold it's value? And btw I'm not just talking about the city, the suburbs ebb and flow too and some of those suburbs aren't holding their value either.
 
Guille said:
But real estate holds it's value Jack, I just read that. Guess who posted that?

If you bought a house on the westside of Detroit in the mid 1980's did it hold it's value? And btw I'm not just talking about the city, the suburbs ebb and flow too and some of those suburbs aren't holding their value either.
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Guille, I want you to remember the 3 Rules of Real Estate: Location, Location, and Location.
 
anonymoose said:
I see. You can’t explain.
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When someone makes an absurd and ridiculous claim, such as Poopeye claiming to be a sea captain with a fleet of ships, anyone with normal intelligence can see through it, and will laugh at Poopeye's BS, but apparently, you're seriously deficient when it come to intelligence, and you're just not smart enough to understand that; the mere fact that you're asking such foolish questions, proves that. Hopefully I have cleared this matter for you.
 
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