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Wall Street has spent billions buying homes. A crackdown is looming.
(www.foxbusiness.com)
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this post was submitted on 30 Apr 2024
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I would say that it aligns with a broad view of conservatives but not so much the conservative tradition in America, which has historically been fairly libertarian in their approach to the market. Regardless your reply makes sense, so I appreciate it. Sounds like one of those rare items of alignment between our political factions!
Most conservative I know and many are extreme far right don’t support PE buying sfh homes. This seems to be a topic that most people agree on. The American dream is owning a home, among other things but a core concept is home ownership. PE steals that dream from many Americans.
Yep. In the name of profit.
This is why qualitative things (housing, food, education, healthcare, etc.) have no place in a free market. It becomes about the money more than the thing itself which benefits society. Therefore with the expectation of unlimited short term growth the benefit to society is minimized to maximize growth.
This housing situation you’ve caught on to is just one aspect of this out of many.
Now you hold onto your biscuits, mister. Are you suggesting that basic human necessities, things that some might consider human rights, shouldn't be turned into commodities?