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Things ifallalot and I Agree On
- Thread starter afoaf
- Start date
I think the point is they are not *just* places to live anymore. If they were only that, we'd not be having this discussion.
one thing is certain - Elon's solar roof tech and batteries will save homeowners thousands of dollars per year.
Capitalist slumlord says what?
afoaf’s post went right over your head. He is clearly saying that you and your ilk are bad people. You fixated on my post with no comment about his.
ps, I’m not your granddaddy so your post is a lie.
I will give you that one, I am sure if i actually researched the issue I could pee on your parade, but superficially he deserves some credit. You should check out the Behind the Bastards podcast on your hero.
Alzheimers, pain pills or just the mind of petty nasty child?
....sort of
Ban on Chinese citizens, others owning property in Texas gets initial approval in Senate | Texarkana Gazette
AUSTIN -- Many citizens of China couldn't own large properties in Texas under a bill the state Senate gave its initial approval to Tuesday.www.texarkanagazette.com
ban all foreigners from owning residential property in the united state or at least require extremely steep costs to purchase
(I think there should be tax penalties for people who own multiple properties as well.....I'm looking at you Grape Trump!)
the US housing market has become a store of wealth for the rest of the planet, inflating prices at the expense of Americans who just want to buy a goddamned house
Extremely steep costs shouldn't even be an option. No citizenship, no ownership
Hardcore libertarians and Ancaps definitely disagree on this, because they are stupid
There is no reason to pay taxes and be part of a sovereign nation if non-citizens are allowed to own parts of it
Point taken if you’re talking about farmland. Otherwise, lol. Saudi Arabia owns our largest oil refinery but how dare they buy a house!
Texas tried a law like this and excluded the Saudis, money is everything to Republicans.
It strikes me that most of the people who want to ban foreign owners so it’ll be easier for some people to buy a home were crying about Biden changing the loan fee structure in an attempt to make houses more affordable for some people.
I am not against someone foreign owning a home they live in while on their visa. No problem at all. I am more concerned with foreign investments in homes as income producing/growth assets, speculation is the problem. Homes are no longer just homes, they've become financial products.
They’ve always been financial products.
Apartments, duplexes, condos, time shares. All investments too. someone has always owned that place you rent in Mammoth. Someone has always owned the vrbo you love in Maui. The condo in Palm Springs. The only difference now is that investors have figured out what mom and pop owners have always known - cash flow is king.
and to be clear it’s not speculation. Speculation caused the bubble in 2008. Investment firms have clear financial requirements and purchase homes that support their return requirements. They underwrite purchases far more thoroughly than most standard buyers.
Only since vrbo (and AirBNB, et. al.) have existed, which isn't very long. Before the internet you had to know someone who knew someone, I am old enough to remember this. It was different.
Investment firms had "clear financial requirements and purchase homes that support their return requirements" and underwrote "far more thoroughly" before the 2008 crash, and yet it still happened.
Cash flow being seen as king is a major difference though, right? Houses weren't always seen as cash flow opportunities by the financial industry. They are now. That's a big change. Yes banks made loans, but that was it. There's a difference between a bank and a financial institution. Seems that line is becoming more blurred lately though.
Too bad so sad
at the cost of other Americans. That’s the distinction here
how does it feel to always be on the wrong side of every argument?
REITs have been around for a long time. They are basically stocks based on large management companies buying up homes and renting them. The cash flow is what pays the dividend.