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Message
re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.
Posted on 4/29/24 at 10:21 am to baldona
Posted on 4/29/24 at 10:21 am to baldona
quote:
What about the guy that owns 10,20, or 30 rentals? Where does an institutional buyer start and stop?
I doubt he is a C corp.
IMO, the only rentals that should be allowed (besides vacation rentals) are owner occupied rentals. It would prevent slums from spreading.
1
Posted on 4/29/24 at 12:47 pm to PrecedentedTimes
quote:
IMO, the only rentals that should be allowed (besides vacation rentals) are owner occupied rentals. It would prevent slums from spreading.
I’m going to need you to elaborate on this because it seems completely unviable from my point of view.
Are you insinuating that long term rentals simply should not exist for single family homes? Presumably you feel as though section 8 housing should be congregated into apartments?
Who, then, is purchasing these homes? There will always be a portion of the population that can’t afford a down payment on a home, and would prefer rent either until they can afford it, or just rent perpetually.
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