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

[OldFlame]

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

You show your ignorance of the real estate market with that comment.

 

[gtopa1]

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

So what have you observed?

Greg

 

[Admiral Rockwell Tory]

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.

I was correcting the Sink Worrier's claim that get those type of loans. They don't need loans.

 

[Admiral Rockwell Tory]

You show your ignorance of the real estate market with that comment.

I think it you who are showing your ignorance. I reduced the price on my home I sold 3 years ago twice to get someone interested.

 

[OldFlame]

I think it you who are showing your ignorance. I reduced the price on my home I sold 3 years ago twice to get someone interested.

'It you' - aren't you the one always going around and jumping on everyone's grammar mistakes? lol

Then it must have sucked, or located in a bad area.

 

[pknopp]

Not hardly.

Trumpers would be stomping their feet with name calling to no end if Mamdani had done this.

 

[jknowgood]

Odds are he does nothing but if it was a Democrat arguing that MAGA would be yelling "Socialism, socialism".

(if this is even real)

Not really big corporations buying up homes and renting them out isn't a good thing.

 

[toobfreak]

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

At least not for you so far. ITMT, that is just how it is working in many other cities, I've seen it reported on time and time again.

 

[justoffal]

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.

Easily done by requiring the occupancy of a private citizen listed as primary residence. That simple.

 

[Toddsterpatriot]

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

I'd be interested to see how the legislation would be written.

 

[pknopp]

Not really big corporations buying up homes and renting them out isn't a good thing.

Again, irrelevant to what I said.

 

[Admiral Rockwell Tory]

'It you' - aren't you the one always going around and jumping on everyone's grammar mistakes? lol

Then it must have sucked, or located in a bad area.

Nothing wrong with that statement. You are wrong, yet again.

It was located in a very nice neighborhood and had the biggest corner lot in the development. The entire housing market crashed when the fed raised interest rates. You do know that is how it works, right?

 

[Admiral Rockwell Tory]

Easily done by requiring the occupancy of a private citizen listed as primary residence. That simple.

For a mortgage, you can do that. Not if they are buying the property outright.

 

[Synthaholic]

Because Republicans have no ideas for America. So now they just steal the ideas from the Democrats. Theft is a pattern with them.

 

[pknopp]

You can't steal something if the Democrats would actually follow up on their ideas.

 

[Dont Taz Me Bro]

At least not for you so far. ITMT, that is just how it is working in many other cities, I've seen it reported on time and time again.

The only I ever "sat" on a property is when we sold our prior house to buy this one. We were not in a hurry to move, but when I say we sat on it, I mean like two months instead of accepting an offer in two weeks. These investors aren't buying up homes and letting them sit there for months or years. They lose money doing that. Even if there is no loan involved, they're paying property taxes, insurance, property management, etc. They longer they do that with a vacancy the less profit they are going to make.

 

[scruffy]

Freakin hilarious.

Democrat policies like open borders?

 

[OldFlame]

Trumpers would be stomping their feet with name calling to no end if Mamdani had done this.

And you would be praising it, or have 'no comment', because you won't say a negative word against your side. People who live in glass houses shouldn't throw rocks.

 

[OldFlame]

Nothing wrong with that statement. You are wrong, yet again.

It was located in a very nice neighborhood and had the biggest corner lot in the development. The entire housing market crashed when the fed raised interest rates. You do know that is how it works, right?

Nothing wrong with 'I think it you that should blah blah blah'? Okay.,, lol

In 2022?

 

[BrokeLoser]

Because Republicans have no ideas for America. So now they just steal the ideas from the Democrats. Theft is a pattern with them.

Democrat Ideas:
Make America Mexico Again
Make men women
Make people government dependent
Make white people bow to dark people