Comment by kelipso
3 days ago
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!
Homes are for people to live in, not asset classes for investors to play with.
There, you have the apparently obscure principle that no one has ever heard of. I’d love to hear whatever economist inspired argument against it lol.
I have no argument really in favor of corporate ownership, but I don't find the arguments against convincing in terms of helping normal people.
Rental housing is an important part of housing, and giving access to the schools in suburbs through rental opportunities seems good to me. The people I know who have rented a SFH in my area have had better experiences with corporate landlords than home-owning landlords because the home-owning landlords frequently evict their tenants so that a relative can move in, which is super disruptive. California allows homeowners to evict people with very little warning that way, without cause. Corporations can't do that and also follow the law better.
As far as investing: Every home owner treats it as their primary asset. Which is the only reason that corporations are getting in on the game: people living in their own homes have changed regulatory structures so much that it's rigged in favor of owners.
Single family homes owed by corporations are rented out to people to live in them, giving access to neighborhoods that were not accessible before.
If you think that's "economist inspired" well it's no more inspired than your statements!