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