RE: Breaking News: Democrats want to ban hedge funds from owning single-family homes.

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I think out of everyone I know, you'd have to be the biggest liberal with the strongest anti-Democrat bias. I know lots of lefties who had Biden specifically, but I can't really recall you not sticking the boot in to the Democrat party whenever you have the chance.

I don't think Blackrock, etc own enough to collapse the economy, I think combined they own less than 2% of the total housing market, although they do concentrate in specific areas... but given that supply of housing is so low, I imagine those houses they'd sell would be snapped up pretty quickly.. and it'd probably stimulate those economies as people renovate and spend a lower percentage of their wage on housing.

Personally, since people need a place to live, I really don't think housing should actually be an investment... essentials shouldn't be investment vehicles.



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I think out of everyone I know, you'd have to be the biggest liberal with the strongest anti-Democrat bias.

Damn it's weird when it gets said out loud.

You know what they say: once you go far enough left you get your guns back.
Then again I've never owned a gun so hmmm!

While Blackrock can't crash the housing market "investors" in general certainly can.
It's very bad optics when over a quarter of all housing is speculative.

Just like a traffic jam can be created by adding 10% more cars:
so too can the housing market collapse by adding 10% more houses.
But if I'm being honest the demographics issue might dwarf this one.

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Hahaha, that's the best part about having commenters, you get to hear all sorts of things about yourself.

Agreed, investors could certainly crash the housing market, but I do think there are so many people, particularly Gen Y & Gen Z that are totally priced out of the housing market, that might finally get an opportunity to own their own home... so, crash away I say. If anyone gets too worried about housing being too cheap, you just increase immigration and the problem gets solved real quick.

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Yeah I mean when empty houses are x10 more common than homelessness something has got to give.

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