Trump to ban corporations from purchasing homes. This is a huge deal IMO and will secure the future of the matrimonial home that leads to families

[LordBrownTrout]

OMG something I could support Trump on.

Id support him on that. I wouldn't bet the farm that it happens.

 

[OldFlame]

Not withing his power and they don't get those loans anyway!

They don't need loans, that's the point. In 2022, you had to place an offer that was guaranteed regardless of appraisal value, meaning you had to have access to a lot of cash. Homes were going left and right with no contingencies, most normal Americans can't afford to do that.

 

[OldFlame]

Whether I support it or not is irrelevant to what I said.

True, you never actually have an opinion on any topic, you just like to sit on the sidelines and throw stones at those on the right who do.

 

[Zincwarrior]

They don't need loans, that's the point. In 2022, you had to place an offer that was guaranteed regardless of appraisal value, meaning you had to have access to a lot of cash. Homes were going left and right with no contingencies, most normal Americans can't afford to do that.

Probably funded at the corporate level.

If you're referring to the "commerce clause" that refers to interstate commerce. I don't see how that can stop a corporation from buying a specific building.

The ICC has been stretched substantially by the courts for decades, but you have an argument.

 

[TNHarley]

If you're referring to the "commerce clause" that refers to interstate commerce. I don't see how that can stop a corporation from buying a specific building.

Thats true. Arent corporations themselves interstate actors, though?
Maybe a better way to go about it would be zoning laws or something like that.

 

[Crepitus]

Just announced.

He is also going to educate the self-serving, global elite in Davos. I will be tuning in for sure.

Is MAGA back stronger than ever?

View attachment 1202667

Betcha this never happens.,

 

[shockedcanadian]

Betcha this never happens.,

Well, all of the GOP, including people no longer in their position such as MTG have been complaining about Trump not dealing with costs, in particular housing for their constituents. So, who is going to publicly vote against this? The GOP or Dems? That's political suicide.

Matrimonial homes encourage people to build a family, dig their roots in their community and defend their nation. Citizens with nothing are easily recruited by the enemy or leave for other nations to help them succeed.

 

[dblack]

Betcha this never happens.,

Hopefully not.

 

[toobfreak]

What Constitutional right does the president have to decide who can and cannot buy a home?

Where does the constitution say he cannot do it? Trump is doing the smart thing of stopping companies like Blackrock from buying up all of the homes then jacking up their price getting filthy rich as americans are priced out of owning a home. If that isn't already illegal then the real question is why hasn't congress stopped it?

 

[Crepitus]

Well, all of the GOP, including people no longer in their position such as MTG have been complaining about Trump not dealing with costs, in particular housing for their constituents. So, who is going to publicly vote against this? The GOP or Dems? That's political suicide.

Matrimonial homes encourage people to build a family, dig their roots in their community and defend their nation. Citizens with nothing are easily recruited by the enemy or leave for other nations to help them succeed.

Too Many people masking too much money off of this for it to go without one hell of a fight.

 

[shockedcanadian]

Too Many people masking too much money off of this for it to go without one hell of a fight.

Then let them be swiftly removed from office at the earliest opportunity.

Trump is not an ideologue, he's a problem solver. You have a housing problem. If you dont want to become like Toronto or Vancouver, you deal with it now, nip it in the bud as early as possible.

 

[pknopp]

True, you never actually have an opinion on any topic, you just like to sit on the sidelines and throw stones at those on the right who do.

Simply stating facts.

 

[Oddball]

Where does the constitution say he cannot do it? Trump is doing the smart thing of stopping companies like Blackrock from buying up all of the homes then jacking up their price getting filthy rich as americans are priced out of owning a home. If that isn't already illegal then the real question is why hasn't congress stopped it?

Literal rent seeking.

 

[Crepitus]

Then let them be swiftly removed from office at the earliest opportunity.

Trump is not an ideologue, he's a problem solver. You have a housing problem. If you dont want to become like Toronto or Vancouver, you deal with it now, nip it in the bud as early as possible.

Not in office, running the companies that are buying up all the property and turning it into rentals.

Real estate types.

You know, tRump's kinda people.

 

[gtopa1]

What Constitutional right does the president have to decide who can and cannot buy a home?

Manipulating markets by BIG Corporations (including banks and GOVERNMENTS) has been going on for years. It's LEGAL but immoral. A simple example: Banks lend money based on INCOME and maximise the loan so the more expensive the home the more the repayments though the effect is to make like homes more expensive. This cuts out single income families at the lower end of the income brackets.

Greg

 

[Dont Taz Me Bro]

Manipulating markets by BIG Corporations (including banks and GOVERNMENTS) has been going on for years. It's LEGAL but immoral. A simple example: Banks lend money based on INCOME and maximise the loan so the more expensive the home the more the repayments though the effect is to make like homes more expensive. This cuts out single income families at the lower end of the income brackets.

Greg

Homes sell at the market rate. If there are no buyers the price drops. Simple supply and demand

 

[toobfreak]

Homes sell at the market rate. If there are no buyers the price drops. Simple supply and demand

Unless you are a multi-billion $ company like Blackrock who buys up all of the homes then sets the market rate until you either deal with them or you can't find a home. ITMT, until they sell, they just sit on them, they are in no need to sell fast.

 

[Dont Taz Me Bro]

Unless you are a multi-billion $ company like Blackrock who buys up all of the homes then sets the market rate until you either deal with them or you can't find a home. ITMT, until they sell, they just sit on them, they are in no need to sell fast.

As someone who has owned multiple investment properties allow me to assure you that it doesn’t work that way

 

[gtopa1]

Homes sell at the market rate. If there are no buyers the price drops. Simple supply and demand

Supply restrictions can be manipulated, eg, land being released/rezoned as population increases. That's why I mentioned Gov. I'm seeing land selling off the charts based on a restricted supply. GREAT for developers; not for a small family trying for a home. You really don't know that?

Greg

 

[OldFlame]

Simply stating facts.

Not hardly.