The Republicans are in favor of this. Just saying.
So are democrats and that’s what rent control is all about. I’m sorry democrats want the government to own the property and I’m not sure what’s worse. I’m not arguing with you or the fact that republicans only suck less because I agree with their ideologies on a lot of stuff. Both parties suck and something needs to change quickly.
Wrong.
You apparently only read the headline and the story, You did not read all of this legislationWrong.
New Legislation Proposes to Take Wall Street Out of the Housing Market (Published 2023)
A bill introduced in the House and Senate would prevent hedge funds from owning single-family houses in the United States.www.nytimes.com
The Republicans shot it down.
New Legislation Proposes to Take Wall Street Out of the Housing Market
A bill introduced in the House and Senate would prevent hedge funds from owning single-family houses in the United States.
We were all sold out. this is globalism . If the government wanted to protect the people it would break up these giant corporations like they are supposed to.
You're not wrong there. Just pointing out that the dems want to do something about it, and the repubs think it's just fine in this particular case. Also, for once in a blue moon the democrats main solution isn't a "free shit" giveaway... it's just preventing giant corporations from using their size to buy everything and turn everyone into permanent renters, forces them to not own them and nothing else.
I agree there is extra garbage. Particularly on the second bill. The first bill (preventing hedge funds from buying single family homes) is pretty clear of pork. The second one as you mentioned is BS taxes and full of pork.
For those who dont know, the laws were rewritten for the banks after the 2008 collapse. Before the investment banks money and the private citizens money were seperate . the banks couldnt touch it The goverment picked up the tab to bail the bankers out. But the laws have been restructured to allow the banks to take or use all assets in thier possession. Ie: Your bank account. They call it a bail in .
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So, they'll spin up some companies that aren't hedge funds that are specific "real estate management corporations" and then sell to them.
For those who dont know, the laws were rewritten for the banks after the 2008 collapse. Before the investment banks money and the private citizens money were seperate . the banks couldnt touch it The goverment picked up the tab to bail the bankers out. But the laws have been restructured to allow the banks to take or use all assets in thier possession. Ie: Your bank account. They call it a bail in .
Bank Bail-In vs. Bank Bailout
Bail-ins and bailouts are designed to prevent the complete collapse of a failing bank. The difference between the two lies primarily in who bears the financial burden of rescuing the bank. (You or the government)
In a bailout, the government injects capital into banks, enabling them to continue their operations. During the financial crisis of 2007-2008, the government injected $700 billion into companies like Bank of America (BAC), Citigroup (C), and American International Group (AIG) using taxpayer dollars.2
Bail-ins provide immediate relief when banks use money from their unsecured creditors, including depositors and bondholders, to restructure their capital. ( Your bank account)
Why Bank Bail-Ins Are the New Bailouts
Public outcry over rescuing banks with taxpayer money in 2008 forced a switch in governmental tactics, making bail-ins the new bank bailouts.www.investopedia.com
It will be a true come as you are party when the market crashes Safety deposit boxes will be taken by the banks , what ever you have in your pocket or house is where you start off from. Have a nice day.
