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If you sell a house these days, the buyer might be a pension fund

wsj.com

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Re: If you sell a house these days, the buyer might be a pension fund

#171

Post by fighterpilot »

cosmojg wrote: post #32

If only so many people didn't treat land and houses like investments, there wouldn't be such a disastrous hoarding problem. Henry George's Land Value Tax [1][2] seems like an obvious economic fix that would require a large fraction of the population to change how they think about land and natural resources, but most of them are invested in such a way (i.e. owning multiple houses on multiple parcels of land, often wit…

If it's marketed as a revenue neutral tax, where all the savings are passed on to middle-income earners through income-tax cuts, you might have some success.

Re: If you sell a house these days, the buyer might be a pension fund

#172

Post by tachyonbeam »

whoisburbansky wrote: post #132
tachyonbeam wrote: post #77

Earlier quoted context omitted.

I agree that we need to stop treating houses as investments, because they're a basic fundamental need everyone has. IMO, the problem could be fixed by having stricter laws prohibiting people who aren't residents from owning homes in another country. The requirement to become a resident is only to live in a country for over 6 months out of the year. Before that, you can just rent. We could also do things like limit th…

Something like this would effectively bar any person born in India who tried to immigrate to the U.S. in the last ~5 years from ever buying a house, unless they got married to a citizen. Broad strokes, I agree that residency requirements might help with reducing speculative investment, but maybe phrased in terms of how long you're in the country, not literally permanent residency as a legal threshold.

Yes I agree, I meant residency requirement, requiring that people live in a country for at least 6 months before buying a house, which could be done on a work or student visa.

Re: If you sell a house these days, the buyer might be a pension fund

#173

Post by tootie »

yabones wrote: post #102

Things went off the rails at the end... > Well, the banks are controlled by and in bed with the same cabal buying everything up. You think this will be corrected by market forces when it is a financial and political pincher movement pushed by the same cabal that stole the 2020 election & hid COVID Truth? You are fucked. https://twitter.com/APhilosophae/status/1402449561864577024 IMO, weakens the entire 'thread' and m…

It went off the rails at the beginning. After the WSJ article about how pension fund managers are buying homes as investment vehicles, he immediately veered into fantasyland citing only blogs or his imagination. The Great Reset has a homepage and it has nothing to do with anything he's ranting about.

https://www.weforum.org/great-reset/

Re: If you sell a house these days, the buyer might be a pension fund

#174

Post by JKCalhoun »

beervirus wrote: post #164
nathan11 wrote: post #29

Probably worth pointing out this twitter account is promoting the idea that the 2020 election was stolen. To me that casts suspicion on their other assertions.

Do you cast aspersions like this on people who think the 2016 election was stolen? They tend to be a lot more respected, but they’re just as incorrect.

I haven't heard that one.

2000 election stolen? Absolutely.

Re: If you sell a house these days, the buyer might be a pension fund

#175

Post by jakub_g »

davidw wrote: post #125

Here's why investors buy up houses: they know your neighbors will do the dirty work of artificially constraining the housing supply, which makes it a good investment. Here's one who comes right out and explains this: > Meanwhile, local opposition to building is so commonplace and the approval process so cumbersome, time consuming, and expensive, even when a proposed project complies entirely with requirements, approv…

Love CAVE and BANANA acronyms! Very good summary of world in 2021 (sadly).

Re: If you sell a house these days, the buyer might be a pension fund

#177

Post by mrzimmerman »

president wrote: post #150
nathan11 wrote: post #29

Probably worth pointing out this twitter account is promoting the idea that the 2020 election was stolen. To me that casts suspicion on their other assertions.

Dismissing someone because they hold a viewpoint you disagree with is childish and dangerous to our society. By that logic we should all be dismissing CNN reporting because they were peddling Covington kids and russian collusion among other things proven to be false. We should all be striving to take in all sources of information and use our best judgement to judge and interpret them.

There is a host of terms used in that thread that point to the person as a conspiracy theorist. "The Cabal", "The Great Reset". These are terms used in the Qanon community constantly.

It has to do with the person lacking credibility based on their own statements than them holding an opposing viewpoint.

Re: If you sell a house these days, the buyer might be a pension fund

#178

Post by sremani »

xapata wrote: post #113
adflux wrote: post #98

Earlier quoted context omitted.

Some people say "Well, you're paying more but you can also sell it for more afterwards". But non-homeowners are still paying more for less. That's the argument I am trying to make (poorly)

My rent doesn't change with interest rates.

So does my mortgage that is why it is called 15 year FIXED.

Re: If you sell a house these days, the buyer might be a pension fund

#180

Post by beervirus »

JKCalhoun wrote: post #174
beervirus wrote: post #164

Earlier quoted context omitted.

Do you cast aspersions like this on people who think the 2016 election was stolen? They tend to be a lot more respected, but they’re just as incorrect.

I haven't heard that one. 2000 election stolen? Absolutely.

That seems unlikely. Here’s one high-profile example: https://www.washingtonpost.com/politics/hillary-clinton-trum...
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