Trump says he will seek to ban institutional investors from buying single-family homes
https://www.cbsnews.com/news/trump-ban-institutional-investors-single-family-homes/
https://www.cbsnews.com/news/trump-ban-institutional-investors-single-family-homes/
26 Comments
Carmakazi@piefed.social · 98 pts · 234d
Trump says he will
seek to ban institutional investors from buying single-family homesshake down institutional investors for protection money and then let them keep buying property in bulksilentjohn@lemmy.ml · 26 pts · 234d
...and it will conveniently fail spectacularly in Congress while trump claims that he's helping the working class.
Hayduke@lemmy.world · 12 pts · 234d
That’s the prestige.
gravitas_deficiency@sh.itjust.works · 34 pts · 234d
While this is ostensibly a sorely needed change, I’m also certain he’ll find a way to do it in a way that hurts people, doesn’t actually solve the problem or do what he’s saying it will do, and also makes himself a shitload of money.
lemmyng@piefed.ca · 12 pts · 234d
Simple: They'll reclassify as to what counts as a single family home.
pivot_root@lemmy.world · 5 pts · 234d
Clearly, one family won't be able to fit in a 1-bed, 1-bath shack. With 3 kids, they'll need at least 4 bedrooms and 2 baths. Include the grandparents on both sides, and that's 6 bedrooms, 4 baths. And for good measure, add a guest room with its own bathroom.
It makes perfect sense to reclassify a "single family home" as a 7-bed, 5-bath McMansion. Anything less is just a rental suite, obviously /s
NotMyOldRedditName@lemmy.world · 2 pts · 234d
You could fit an extra couple in there though if needed, so that's not a single family home either.
Might be 0 SFH in the USA
circuitfarmer@lemmy.world · 23 pts · 234d
BarbedDentalFloss@lemmy.dbzer0.com · 18 pts · 234d
ceenote@lemmy.world · 10 pts · 234d
Yeah, Trump also said he'd end the US's regime change habit.
CarnivorousCouch@lemmy.world · 3 pts · 234d
At least he ended the war in Ukraine in a day!
harmsy@lemmy.world · 10 pts · 234d
It's something actually good, so he won't do it. That, or he'll find a way to make it horrible.
BrianTheeBiscuiteer@lemmy.world · 8 pts · 234d
"Two weeks" away from his new healthcare plan.
RagingRobot@lemmy.world · 7 pts · 234d
I'm sure one or two of the largest companies will get exemptions
hume_lemmy@lemmy.ca · 4 pts · 234d
That'll depend on their donations to the "presidential library"...
HellsBelle@sh.itjust.works · 6 pts · 234d
I'll believe it when I see it.
socsa@piefed.social · 5 pts · 234d
Lmao if this happens I will cut off my mother's dick
thisorthatorwhatever@lemmy.world · 5 pts · 234d
No he won't. If he was, he would have already done it.
mrmaplebar@fedia.io · 4 pts · 234d
Trump says a lot of things...
atzanteol@sh.itjust.works · 4 pts · 234d
Through actual legislation? Or through a backroom deal with companies that he thinks means they were going to do what he wanted but really they're just getting him off their back?
tal@lemmy.today · 3 pts · 234d
Huh. IIRC Blackstone had someone involved with Trump.
goes looking
Ah. The CEO.
https://en.wikipedia.org/wiki/Stephen_A._Schwarzman
CIA_chatbot@lemmy.world · 6 pts · 234d
Watch for them to start snapping up their own stocks at a discount, the nothing will happen and stocks go up
lolola@lemmy.blahaj.zone · 3 pts · 234d
CBS News reporting something promising from the Trump administration, eh
aesthelete@lemmy.world · 3 pts · 234d
I guess he's looking for a contribution from big housing investors.
ImgurRefugee114@reddthat.com · 3 pts · 234d
Keep talking about the Epstein files and we'll have Trump quoting Das Kapital and invading Pluto by next Christmas
ohulancutash@feddit.uk · 2 pts · 234d
Sooo, thats the end of mortgages then? Enjoy your cardboard boxes, poors.
Maeve@kbin.earth · 0 pts · 234d
🧐