Yeah, it’s real nice and all to say you want to combat chinese business interests threatening to swallow american ones whole, but then I can’t buy a house, and my rent is going up because these same business interests are buying houses in every major city by the thousands.
Then, they either renovate them, or let them sit vacant. The renovated ones get rented out at exorbant rates. And since they own such a significant number of these homes, the rents EVERYWHERE rise dramatically. And then you see all these vacant houses. Never rented. Never sold. They become drug havens for the cities homeless. But it doesn’t lower property values, because it’s all artificially high.
So now you’re paying higher city taxes, and living near a house that has regular gunshots out onto the streets. The cops won’t address it, because they know how dangerous those houses are. But you still have to rent an apartment near one.
But it’s ok guys. The government is banning tiktok, and drones.
Those are all legitimate concerns, but I’m not sure the effort required to fix real estate prices, crime, and income equality is comparable to the amount of effort required to ban a social media site and some drones from a country that might not have our best interests in mind.
I’m trying to be optimistic about the ban, I’d love to see the drone industry take off in the us and I’d love to see what we could accomplish. It’s not a huge industry and I honestly can’t name a single US drone manufacturer, but I really hope that won’t be the case in a year or two.
I don’t know about the other states/cities, but in my city it would be real simple. Just ban companies from buying real estate. Maybe an individual can own 6 houses. I’m not saying that people can’t own and rent out houses. I’m saying ban it so that company can’t buy entire neighborhoods, and then monopolize the prices.
I’m specifically talking about houses. Although you do raise a good point that companies shouldn’t be allowed to own out of market apartment buildings. Meaning if your company is based in Chicago (for example) you can only buy apartment buildings in your area. And there should probably also be a limit on what percentage of your market you should be allowed to own. But either way they couldn’t also own buildings in NYC, L.A, Miami, ect.
I’m viewing it more as “We have problem, and other related problem. We’re only going to do surface level solutions to be able to say at least we tried when elections come up”.
Yeah, it’s real nice and all to say you want to combat chinese business interests threatening to swallow american ones whole, but then I can’t buy a house, and my rent is going up because these same business interests are buying houses in every major city by the thousands.
Then, they either renovate them, or let them sit vacant. The renovated ones get rented out at exorbant rates. And since they own such a significant number of these homes, the rents EVERYWHERE rise dramatically. And then you see all these vacant houses. Never rented. Never sold. They become drug havens for the cities homeless. But it doesn’t lower property values, because it’s all artificially high.
So now you’re paying higher city taxes, and living near a house that has regular gunshots out onto the streets. The cops won’t address it, because they know how dangerous those houses are. But you still have to rent an apartment near one.
But it’s ok guys. The government is banning tiktok, and drones.
Those are all legitimate concerns, but I’m not sure the effort required to fix real estate prices, crime, and income equality is comparable to the amount of effort required to ban a social media site and some drones from a country that might not have our best interests in mind.
I’m trying to be optimistic about the ban, I’d love to see the drone industry take off in the us and I’d love to see what we could accomplish. It’s not a huge industry and I honestly can’t name a single US drone manufacturer, but I really hope that won’t be the case in a year or two.
I don’t know about the other states/cities, but in my city it would be real simple. Just ban companies from buying real estate. Maybe an individual can own 6 houses. I’m not saying that people can’t own and rent out houses. I’m saying ban it so that company can’t buy entire neighborhoods, and then monopolize the prices.
How would that work for, say, apartment complexes? Allow co-ops (which are typically corporations)?
I’m specifically talking about houses. Although you do raise a good point that companies shouldn’t be allowed to own out of market apartment buildings. Meaning if your company is based in Chicago (for example) you can only buy apartment buildings in your area. And there should probably also be a limit on what percentage of your market you should be allowed to own. But either way they couldn’t also own buildings in NYC, L.A, Miami, ect.
Passing a law? Yeah it’s pretty much the same workload.
“We can’t work on problem because something unrelated is worse and broken”, then? We can only talk about that when discussing any problem?
I’m viewing it more as “We have problem, and other related problem. We’re only going to do surface level solutions to be able to say at least we tried when elections come up”.