60 Minutes segment of rising rent

greenvale

Superstar
Supporter
Joined
Aug 1, 2017
Messages
6,608
Reputation
2,051
Daps
25,915
Reppin
Delaware
I think in urban areas there should be some sort of large scale modern co-op/condo construction that is backed by the federal government.

I don't think private equity of any stripe should be able to own single family homes and probably even smaller commercial and multi-family buildings.

The problem is that so much damage has already been done I'm not sure how you can unwind it.
We need a vacancy tax. I think that would help a lot
 

dora_da_destroyer

Master Baker
Joined
May 1, 2012
Messages
66,249
Reputation
17,064
Daps
273,039
Reppin
Oakland
These outside investors are actually driving up the price when they come in with all cash offers sight unseen.
This is a problem too. Government needs to make a tax incentive for people selling residential property to sell to real buyers, not just takes the easy cash deal large investors could offer. If I can pay fewer taxes on my gains, that’s enough incentive to pass up the faster close
 

ORDER_66

I am The Wrench in all your plans....
Joined
Feb 2, 2014
Messages
151,450
Reputation
17,165
Daps
597,850
Reppin
Queens,NY
These outside investors are actually driving up the price when they come in with all cash offers sight unseen.

And no one be asking them where they got all this cash on hand...:mjpls: unless they are black then they start getting too nosy... Thinking you did something uncouth for it...
 
Top