Posted on 02/16/2024 9:04:18 PM PST by RandFan
@LeadingReport
BREAKING: Nebraska senator has introduced a bill that could make Nebraska the first in the country to forbid out-of-state hedge funds and other corporate entities from buying up single-family properties.
(Excerpt) Read more at twitter.com ...
Great idea! As well, someone should propose legislation that would disallow corporations from donating to political campaigns whether they be individual politicians or to any legislation. Can’t vote, can’t donate!
Blackrock is pure evil.
They are a foreign belligerent unto themselves.
Yes a good thing. Given the abuses and collecting of power and wealth via the manipulation of capitalism, it is really no longer capitalism we practice imo.
I see the need to prevent a single business entity from buying up land, stealing the American dream of home ownership from individuals.
Or is it ?
It takes big money to build big numbers ...
Who will be carrying the cost of all the development hurdles?
How will the housing “crises” be solved?
Final sales costs are determined by product cost... higher volumes means possible lower margins.
So what is the down side of corporate ownership.
How else does affordable housing get built?
Right to private property. long gone. what is a republic?
Anti monopolistic laws are already on the books....Current laws are not followed (immigration) so how will more ink on paper and theatrics change a thing? This is a spiritual war that will be messy . Our Republic is under attack from the Godless...no other way to describe it.
And the same thing. States and corps aren’t people. that ends it. As long as gov and courts assign human rights to corps states, etc. you will have this problem. Same solution solves Trump new york lawsuit.
“Good idea, Freepers?”
What are “other corporate entities? Would this stop a company from buying a foreclosed property and renovating it for sale to a family?
Good idea
A state senator or U. S. Senator?
Good, the fact there hasn’t been a national law on thr is shows just how much the Uniparty iis owned by Wall Street
As a free marketeer my instinct is to say ‘no good’. But there is a part of me that says it is good. It’s really not a totally free market. There is a lot of interference and influence peddling. There is a tendency take the path of least resistance and the guy with $50 billion+ is an easy path for regulators and tax collectors and inspectors etc. The deck is stacked in these and many other ways . So a part of me agrees that industrial ownership of single property housing is a bad idea. They will never selll, and reap windfalls from rental income in perpetuity and inhibit individual ownership and probably negatively influence new development via lobbying. So while it shouldn’t prohibited per se, then perhaps it should be incrementally more heavily taxed. The more homes you own the more tax you should pay, to the point that it becomes prohibitive. 1 home shouldn’t be no tax. Two homes some tax. 200 homes heavily taxed. 2000 homes (not developed for sale) 100% tax. Something along those lines. We need policies that encourage home ownership and discourages conglomeration of single family dwellings - and maybe this should apply to other properties like multi tenant and commercial properties. Individual should be encouraged but monopolistic tendencies discouraged.
^ correction: one home, no tax is what I meant. Typo. In principle I oppose taxes on basic human nature and necessities. A home for a family should not be taxed because everyone needs shelter. Wages should not be taxed because everyone needs to work to provide for their families. Food and medicine should not be taxed because everyone needs these items to live. Investments can be taxed. That’s how I see it.
Yes, a damn good idea. And the existing “investments” should be subject to eminent domain to the benefit of private residency.
In reality, the “free market” is Main Street and Small Business.
Terrible idea. They are stealing from the current owners. Reducing the value of their property by preventing willing buyers from bidding on it.
All property values will fall, property taxes will fall. Since property costs less in the state, poor people move to Nebraska.
A great plan, they make current residents poor, and they attract more poor people to the state. A real formula for success.
There’s not enough information to make a decision, as “…and other corporate entities...” is too vague.
Hawaii tried this. It’s unconstitutional.
It’s also bad economics.
Correct
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