President Trump said "people live in homes, not corporations," in announcing plans to bar big investors from home purchases.
  • Carmakazi@piefed.socialEnglish
    98·
    5 months ago

    Trump says he will seek to ban institutional investors from buying single-family homes shake down institutional investors for protection money and then let them keep buying property in bulk

    • John@lemmy.mlEnglish
      271·
      5 months ago

      …and it will conveniently fail spectacularly in Congress while trump claims that he’s helping the working class.

  • gravitas_deficiency@sh.itjust.worksEnglish
    34·
    5 months ago

    While this is ostensibly a sorely needed change, I’m also certain he’ll find a way to do it in a way that hurts people, doesn’t actually solve the problem or do what he’s saying it will do, and also makes himself a shitload of money.

      • pivot_root@lemmy.world
        5·
        5 months ago

        Clearly, one family won’t be able to fit in a 1-bed, 1-bath shack. With 3 kids, they’ll need at least 4 bedrooms and 2 baths. Include the grandparents on both sides, and that’s 6 bedrooms, 4 baths. And for good measure, add a guest room with its own bathroom.

        It makes perfect sense to reclassify a “single family home” as a 7-bed, 5-bath McMansion. Anything less is just a rental suite, obviously /s

        • NotMyOldRedditName@lemmy.world
          2·
          5 months ago

          It makes perfect sense to reclassify a “single family home” as a 7-bed, 5-bath McMansion. Anything less is just a rental suite, obviously /s

          You could fit an extra couple in there though if needed, so that’s not a single family home either.

          Might be 0 SFH in the USA

  • harmsy@lemmy.world
    10·
    5 months ago

    It’s something actually good, so he won’t do it. That, or he’ll find a way to make it horrible.

  • atzanteol@sh.itjust.worksEnglish
    51·
    5 months ago

    Through actual legislation? Or through a backroom deal with companies that he thinks means they were going to do what he wanted but really they’re just getting him off their back?