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US will ban Wall Street investors from buying single-family homes

reuters.com

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Re: US will ban Wall Street investors from buying single-family homes

#7
Seems reasonable to me, a very anti Trump individual. Now deliver.

And which of his buddies does this benefit?

I'm trying to think if there will be ramifications to this...

- Obviously forced divestment of all Wall St owned single family homes could impact housing prices which is both the point, but of course... also hurts many families borrowing power and net worth

- I guess that crash could potentially have people paying lots of money for homes that aren't worth that much anymore, which sounds pretty negative

- Of course... wow, would it be nice to be able to afford something in the city I love (which I doubt will be impacted by this)

Of course, no clear plan here. Just Trump saying something, why wasn't the "Trump says" part kept in the headline here?

Re: US will ban Wall Street investors from buying single-family homes

#9
post #8

[flagged]

So what should be done instead?

Until congress actually does something all of this is simply hot air. I do not see how this could be implemented (other than some kind of tax) and pass muster with a conservative SCOTUS.
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