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Except that institutional investors can be counter-cyclical. They know that the capital will be there and that housing prices will go back up. So they can buy
by light_hue_1 4y ago
Except that institutional investors can be counter-cyclical.
They know that the capital will be there and that housing prices will go back up. So they can buy houses when the economy is bad and Millennials can't.
We should bad institutional investors from owning homes.
- dont__panic 4y agoWhat we really need is a huge tax writeoff for primary homes. Own a second home? Owe massive taxes on it. Company owns thousands of homes? Massive taxes on every single one of them. There's a massive homelessness problem in the USA right now. Lots of people are struggling to buy their first homes. I suspect it would take a long time (and involve lots of loopholes) to completely ban investor-owned properties... but I would support that as well.