740
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
this post was submitted on 24 Aug 2023
740 points (88.5% liked)
Personal Finance
3748 readers
3 users here now
Learn about budgeting, saving, getting out of debt, credit, investing, and retirement planning. Join our community, read the PF Wiki, and get on top of your finances!
Note: This community is not region centric, so if you are posting anything specific to a certain region, kindly specify that in the title (something like [USA], [EU], [AUS] etc.)
founded 1 year ago
MODERATORS
But then the almighty homeowners home value might collapse too!
But for real landlords wohld start destroying their own housing stock to take some tax write off or insurance fraud.
Most landlords are like massive corporations, if all the property your corporation owned suddenly exploded it may rise a few eyebrows. Someone's rich aunt renting their second summer home isn't having that much of a detrimental effect on the housing market as corpos buying up all available housing.
My point is they would find some way to legally dispose of their stock to artificially decrease supply and raise prices again. Its particularly the big corporations who would do this.
Maybe but then like stop whatever loophole they are using. Doing nothing is quite a lot worse.
Thankfully the housing market is still fine in my country so I don't have a dog in the race but people in the US should take some pointers from the French and fucking riot at this point. All of yall have like 5 guns per person yet you are like the most demure country when it comes to politicians and corpos just exploiting the fuck out of you.
Careful, that kind of talk gets you labeled a tankie
Really shows the propaganda power.