Limit private equity firms from buying up millions of houses for rental

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Jul 25, 2024
1:06:39pm

Bluedomination All-American

Properties and curb the billions of dollars the government gave away during the pandemic.

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Bluedomination

Previous username: (Private)
Bio page: Bluedomination
Joined: Jun 1, 2010
Last login: Nov 4, 2024
Total posts: 13,023 (200 FO)

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Messages

Author

Time

If you were given a magic wand, what would you do to alleviate housing cost

shoganai

Jul 25, 12:36pm

#1 Enforce immigration laws. #2 reduce the cost of energy.

AFewThoughts

Jul 25, 12:37pm

Pretty sure #1 would only make it worse.

Lifer

Jul 25, 12:38pm

I'd be interested in understanding your reasoning. I figure there has to be a

AFewThoughts

Jul 25, 12:43pm

Who supplies a lot of the labor to build houses?

SuperTank

Jul 25, 12:44pm

I can definitely see that side of the equation, but let's say there are currentl

AFewThoughts

Jul 25, 12:46pm

I'm surprised immigration is rarely brought up, assuming 2.8 M/year

Rhubarb

Jul 25, 1:11pm

You must not have many immigrants in your area. They tend to live together with 3 or more families/generations in 1 home

BlooGeek

Jul 25, 4:05pm

Yes, before I bought my first house, I kept getting outbid by illegal immigrants

RealTaysomHill

Jul 25, 12:53pm

I guess when you're a hammer, everything looks like a nail. Neither of those

macdizzle

Jul 25, 12:54pm

I see some people like making assumptions about others. Feel free to search

AFewThoughts

Jul 25, 1:07pm

They have been changing zoning laws every year at the state level allow

bbhammer

Jul 25, 1:46pm

Make all the Californians go back to California.

scall

Jul 25, 12:37pm

Maybe that border wall should be around California instead of Mexico

JimmyZ

Jul 25, 12:49pm

Now you are talking good policy.

scall

Jul 25, 12:50pm

🤣

MightyFreakingCougar

Jul 25, 12:53pm

Should California deport all the Utahns and make them go back to Utah too? It

Japan Coug

Jul 25, 3:07pm

Yes for sure.

scall

Jul 25, 3:09pm

As long as Utahns are no longer allowed to go to Disney or the beach, that makes

macdizzle

Jul 25, 4:14pm

Happy to make that concession.

scall

Jul 25, 4:28pm

Visitors spend lots of money then leave, which is a beautiful thing for locals.

Big Daddy D

Jul 26, 8:42pm

Use it to pay off my house and get myself a really nice cabin.

Ojiisan

Jul 25, 12:37pm

Perhaps limit the number of single family homes that can be owned by investment corporations. Not sure if that is

zonacougar

Jul 25, 12:38pm

That was the case prior to 2012. Investment firms being allowed to buy up

Kajdin

Jul 25, 12:40pm

Seems to have "worked".

zonacougar

Jul 25, 12:42pm

Increase tax liability on income from each house over three

compcoug

Jul 25, 12:44pm

That's actually great idea. Didn't straight up prohibit and allows small

Kajdin

Jul 25, 12:46pm

The answer is build housing, and reduce regulations not making existing housing

johnnybyu

Jul 25, 12:47pm

This isn’t really how it works in most of the country

Stopper6700

Jul 25, 1:05pm

This is how economics works

johnnybyu

Jul 25, 6:54pm

<< Deleted >>

StumptownCoug

Jul 25, 1:09pm

Does anybody know the % of homes owned by a big corp like Blackrock? I believe

BYUfan92

Jul 25, 12:55pm

It's highly dependent on market. Many they own 0. A few they own entire

Kajdin

Jul 25, 12:59pm

There is no evidence this will help. It's not like these funds take the unit off the market, the unit still preforms

HarlemCoug

Jul 25, 12:56pm

Couldn't disagree more. If Utah were to add 10,000 single family homes currently

YbeatsU

Jul 25, 2:06pm

Jay Parsons is the leading thinker in the country on this. He's written plenty of articles and papers on the issue.

HarlemCoug

Jul 25, 3:26pm

RE: If you were given a magic wand, what would you do to alleviate housing cost

Odysseus

Jul 25, 12:42pm

Make cheaper high density more desirable with green space requirements, transit

runnincoug

Jul 25, 12:44pm

Continue the push towards major cities and building lots of condos and townhomes instead of standalone houses.

TCuz

Jul 25, 12:44pm

TAX LAND at a much higher rate than buildings. Prohibit foreign purchase of

toadie

Jul 25, 12:45pm

You think getting rid of the mortgage interest deduction is going to help our housing shortage?

HarlemCoug

Jul 25, 1:00pm

i think his argument is theres a lot of people with multiple mortgages/rentals

CrashMcLarson

Jul 25, 1:18pm

ah, yes. The standard deduction makes most middle class homeowners unable to

toadie

Jul 25, 3:03pm

If you make housing more expensive, you'll get less housing.

HarlemCoug

Jul 25, 3:27pm

Gpvernment shoudn't subsidize expensive homes for rich people.

toadie

Jul 26, 4:13pm

A Legends Tower on every block

Gustav

Jul 25, 12:50pm

Eliminate the notion that you need to move to a bigger/newer house

tyler durden

Jul 25, 12:52pm

Strike down most zoning regs, “environmental reviews” two weeks max, permits

valleus

Jul 25, 12:55pm

Simplify local entitlement process; incentivize building density/starter homes;

Still Blue

Jul 25, 12:57pm

You have to reduce the risk to builders. Make it safer and cheaper to build and they will build more. One of

HarlemCoug

Jul 25, 12:58pm

I agree to some extent but how do cities provide all new roads, infastructure

bbhammer

Jul 25, 2:20pm

Tax the general populous. Politicians who charge impact fees can't honestly say they support affordable

HarlemCoug

Jul 25, 3:30pm

Tough to tax everyone with another tax

bbhammer

Jul 25, 4:38pm

If we want capitalism to survive then we need to figure out a way for capitalism to work for 20 somethingd, otherwise

HarlemCoug

Jul 25, 4:46pm

Limit private equity firms from buying up millions of houses for rental

Bluedomination

Jul 25, 1:06pm

REITS are a serious issue that have swallowed up a lot of homes.

AFewThoughts

Jul 25, 1:08pm

Am I a bad person if the cost of housing doesn't seem like a major problem to me

Tricky

Jul 25, 1:14pm

The wand you've been given only has power within the housing market.

shoganai

Jul 25, 1:17pm

Not gonna be a popular response on suburb-happy CB, but build more high-density

cougarmeister

Jul 25, 1:17pm

Often the problem that gets these kinds of projected rejected are the "where are we going to put all of the cars"

HarlemCoug

Jul 25, 3:37pm

Americans have built cities around their cars for 100 years

cougarmeister

Jul 25, 3:54pm

For sure - I think homes without garages will be a minority of new housing built for decades... but in downtown areas

HarlemCoug

Jul 25, 4:01pm

No (chinese) foreign investment

Avery

Jul 25, 1:28pm

Depends on the market/area. But the only real solution is to either increase

JWin

Jul 25, 1:29pm

get a big glove with some pretty colored rocks, snap my fingers and suddenly there'd be a lot of empty houses

byujag

Jul 25, 2:29pm

To increase supply right now, allow people to “port” their current mortgage and

MacsKid

Jul 25, 4:27pm

Have a huge recession

johnnybyu

Jul 25, 7:58pm

The magic wand is capitalism. Remove regulation and down goes the price.

cdr88

Jul 26, 2:56pm

Covid gov policies created the housing cost skyrocketing price increase

Coug Dude

Jul 26, 10:25pm

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