Comment by mc32
3 days ago
Not sure. But I’ve been hearing of this being an issue from both progressives, leftists as well as conservatives and rightists. Maybe they’re all misinformed by their bubbles, but there seems to be some smoke…
3 days ago
Not sure. But I’ve been hearing of this being an issue from both progressives, leftists as well as conservatives and rightists. Maybe they’re all misinformed by their bubbles, but there seems to be some smoke…
It's a populist issue because it sounds vaguely correct and being angry at Wall Street is ever popular. That's also why this idea is being floated before the mid terms.
That doesn't make it correct.
Left-populists and right-populists like to frame issues as being a conflict between the elites and the common man. Banning big banks from owning homes is a perfect example of this.
It's fine to ban big banks from buying homes and wont do damage to the nation, but don't expect it to solve the problem.
High housing prices are due to zoning-based supply restrictions. These are entrenched due to politically active NIMBY voters.
Actually fixing the housing crisis means addressing zoning, but that doesn't fit the elite vs common man narrative so gets ignored by the populists.
> It's fine to ban big banks from buying homes and wont do damage to the nation
It makes things slightly worse for people who want a non-apartment house but think they might move soon.
It's because of emotionally charged response. Leftists largely don't want corporations owning houses, because it's "impure" and capitalist. Rightists largely don't want renters to live in homes that used to be exclusionary on the basis of being able to buy a home. Though there's crossover on the reasons, of course.
Honestly, the argument on the other side seems like emotionally charged arguments due to TDS and not wanting to give Trump any credit.
It seems obvious to most people that institutional investors should not be allowed near single family homes and you would need quite a strong argument to persuade otherwise.
Which side is TDS and why? I've heard both of these opinions expressed quite freely over the past few years, without any association with Trump. However, most instances of TDS seem to not "derangement" but "normal human emotion to me."
> It seems obvious to most people that institutional investors should not be allowed near single family homes
What is obvious about this? They have always invested in single family homes. Can you provide a priniciple or rationale? If it's something other than renters or "corporations bad but I won't explain further" then I'd love to hear it!
2 replies →