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I get hammered for this, but the the United States should require all foreigners who buy realestate be citizens first. There should be no straw buyers. I would
by marincounty 11y ago
I get hammered for this, but the the United States should require all foreigners who buy realestate be citizens first.
There should be no straw buyers.
I would like to see severe limits put on Real Estate Investment trusts. I would like to see them regulated out of existence.
I would like to see mandatory rental of properties after the third purchase. Example--A person buys a home and a vacation property. The third residential, or commercial property bought should be rented out if the particular county needs more rental property.
Personally, I don't like Realestate speculation if it involves renters. I always felt it was a slimy way to make money. That goes for mini-storages too. Yes, it's legal; I just don't respect Investors who make money off renters. If you are going to rent at a reasonable rate, and not nickel and dime the renter--fine, but I have never met a landlord who didn't get greedy with a good market.
I do understand buying a home to live in. I know a lot of you will say it's the same thing as buying rental property. I see nuances which make the two transactions different.
While, I'm at it, why are we still relying on realestate agents and brokers? It's 8 courses, a simple test, dubious experience, and a cheezy smile--and they have the nerve to ask for 3%? I have never quite figured out the full commission game. It just seems like a profession that should be extinct by now? Sorry Realtors--just don't understand your role in most transactions these days, other than your errors and omissions policy, which I can go after if things don't go smoothly?
Just venting people. I have seen long term residents being forced to move from the county they raised their kids in because of escalating rents. These are just regular people. They don't have fancy credentials. They don't have jobs that transfer. Many are on a fixed income. These are people who just want to be near their family, and friends, but are being kicked out of their county because of this crazy market.
- _delirium 11y agoCopenhagen does something like that in most of the city, but rather than a citizenship requirement, there is just an owner-occupancy requirement. Apartments with an owner-occupancy requirement have to be purchased by a natural person who registers it as their legal residence, so investors aren't able to compete for these kinds of properties.