Let me know when it actually gets accepted and has an official bill number that I can track. I can't wait to see the votes on this one.
In the meanwhile I'll put a watch search on the title of the bill in my Congress app.
this post was submitted on 08 Dec 2023
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I’m not sure this will bring prices down
I assume if they had to all sell their single family properties it would cause prices to fall or they would scrape the houses lol to redevelop
That should drop prices, but of course there’s the Gen Xers like me who’d lose home value. Before you say we’re entitled, don’t forget our only savings at this point is our home.
Still, it’s such a stupid situation, and America is a fucking hard place. Someone’s always getting fucked over. Might as well be me (again)
Before you say we’re entitled, don’t forget our only savings at this point is our home.
Small price to pay.
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Millennial here: what's a "savings"?
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Its a good thing. But kind of weirdly specific to only appy to hedge funds. The problem is homes being hoarded as investment vehicles instead of places to live, thats gonna apply to any kind of investment firm.
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I don't feel much optimism that there is enough political will to pass something like this.
We are slowly sliding into a dystopian corporate hellhole and there doesn't seem to be any meaningful way to avert it.
I thought truthout was Trump's platform?
Why would they be reporting positive stories like this?
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The lawmakers say that the only purpose for hedge funds to own homes is to make profits and that such investing has only made it more difficult for working class Americans to afford to buy a home.
These people have such a real talent for going right up to the line of understanding but never crossing it.
WHAT'S THE PROBLEM WITH PRIVATE OWNERSHIP OF CAPITAL, ADAM? TELL ME WHAT THE PROBLEM IS