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The core issue is real estate as investment regardless of where it's coming from. Right now the most visible are overseas Chinese people with money buying prope
by et-al 9y ago
The core issue is real estate as investment regardless of where it's coming from. Right now the most visible are overseas Chinese people with money buying property, but REITs have been picking up rental property for ages, and there are also PEREs (private equity real estate firms).
If governments are to serve their people, then they should curtail this speculation. Of course in America, corporations are people.
- kevin_thibedeau 9y agoIn English common law corporations are people, hence the name. They are a synthetic "body" for business purposes. This isn't a new concept created by Citizens United.
- jacques_chester 9y agoIt's usually better to say that they have "legal personality". They're not people, but like people, or charities, incorporated associations etc, they have an attribute that gives them legal existence a court will recognise. What Citizens United established was that free speech applied to legal personality generally, not humans in particular. Folk forget that this includes organisations they like, as well as the many they don't. It's easy to dislike the situation (as I do), but trickier to explain how to define a way out of it.