Can restrict the high # of long term rentals while we're at it

Jul 18, 2021
1:25:20pm

WorfoSAUR All-American

Insane what I'm paying to rent a townhouse compared to what I'd have to pay for a mortgage. That drives up the cost of home ownership and prevents people from actually purchasing a home themselves.

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WorfoSAUR

Bio page: WorfoSAUR
Joined: Nov 25, 2006
Last login: Apr 28, 2024
Total posts: 11,311 (1,188 FO)

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Messages

Author

Time

We need legislation limiting single family homes to purchasers who are

CarolinaCoug

7/18/21 1:16pm

No. We just need to build more houses

YIsForBrigham

7/18/21 1:17pm

Pretty sure a lot of areas are running out of space to do that.

RockyTopCougar

7/18/21 1:23pm

Great. Let’s build more houses in the other areas that can support them and move jobs there

YIsForBrigham

7/18/21 1:26pm

Allow for greater density.

ReyOso

7/18/21 2:06pm

That's the only feasible fix.

Belboz

7/18/21 1:29pm

No i just gave ano5her.

CarolinaCoug

7/18/21 1:36pm

No we don’t.

CrimWalCoug

7/18/21 1:17pm

It cant

CarolinaCoug

7/18/21 1:31pm

The problem is the federal government and federal reserve. Once again idiots in

Backcountry

7/18/21 1:38pm

I'm happy to hate the investors as well.

Shore10

7/18/21 3:12pm

Why?

Backcountry

7/18/21 3:15pm

Because they borrow from the FED at lower interest rates, then...

Shore10

7/18/21 3:19pm

They arent scumbags. They are trying to earn a living like you and I.

Backcountry

7/18/21 4:39pm

Don't hate them. Hate the Fed and the Government for bailing them out.

crack

7/18/21 6:33pm

You are happy to hate single income mom and pop investors? Very weird

YIsForBrigham

7/18/21 6:27pm

Oh man yeah. That's who I'm hating. Great assessment.

Shore10

7/18/21 7:54pm

We could have prevented most of the last two bubbles if the government hadn't

crack

7/18/21 1:18pm

Who broke the law?

Tokolosh

7/18/21 1:51pm

There was plenty of fraud going on with the MBSs that were being packaged and

crack

7/18/21 1:57pm

A fair proposal in all of this is municipalities requiring new developments

BlackBart

7/18/21 1:20pm

Or let the market work. More government is not the answer here.

Backcountry

7/18/21 1:39pm

The markets cant work because its rigged/weighted unevenly already

CarolinaCoug

7/18/21 1:44pm

Agree. So the answer is more manipulation? Insane.

Backcountry

7/18/21 1:47pm

A 100% “free” market allows people to sell their kidneys or themselves into

valleus

7/18/21 1:51pm

What in the world are you talking about, Tex? Selling kidneys? I think you are

Backcountry

7/18/21 1:52pm

You’re promoting a free unregulated market. Completely free, unregulated markets

valleus

7/18/21 1:55pm

Lol. You are claiming im advocating for an open organ market? Dude, are you ok?

Backcountry

7/18/21 1:56pm

Lol… maybe one of the most emotionally driven irrational posts on CB in a while.

kotacoug

7/18/21 3:14pm

Im assuming hes doing some day drinking.

Backcountry

7/18/21 3:16pm

Ever heard of the Fair Housing Act?

ugo1st

7/18/21 1:59pm

I'd be in favor of enforcing existing rules like residential zoning being for

wabluecoug

7/18/21 1:21pm

Can restrict the high # of long term rentals while we're at it

WorfoSAUR

7/18/21 1:25pm

You really want a housing shortage? A good way to do that is to disincentivize

Backcountry

7/18/21 1:40pm

From what I understand it was changes made by the Obama administration in 2012

Charles Darwin

7/18/21 1:21pm

Companies couldn’t own real estate before that?

bruincoug

7/18/21 1:40pm

Incentivized it

Charles Darwin

7/18/21 1:56pm

But aren’t you glad you got your stimmy and low interest rates? Free money isn’t

CougieMcCougFace

7/18/21 1:23pm

Exactly

kotacoug

7/18/21 1:24pm

Bingo. And dont about these idiotic interest rates.

Backcountry

7/18/21 1:41pm

We just need a free market without stupid

kotacoug

7/18/21 1:24pm

I thought this was going to end with "stupid government intervention" which I

crack

7/18/21 1:26pm

We don't have a free market that why large corporations can do that

CarolinaCoug

7/18/21 1:39pm

So your answer to not having a free market is to make it less free with more

crack

7/18/21 1:42pm

Large corps can do that PRECISELY BECAUSE it is a free market.

All-American

7/18/21 1:55pm

Incorrect, sir

Backcountry

7/18/21 1:59pm

You want to restrict voluntary transactions. That’s less free.

All-American

7/18/21 2:09pm

No, I want the fed to allow the market to work, which will disincentivize

Backcountry

7/18/21 2:18pm

So you want to make it easier for borrowers by making debt more expensive.

All-American

7/18/21 2:24pm

Are you saying you want to make it easier for big investors by keep rates

Backcountry

7/18/21 2:33pm

No, I want to make it easier for little investors by keeping rates low.

All-American

7/18/21 2:43pm

Thats part of it, absolutely.

Backcountry

7/18/21 2:46pm

The inventory is not accurate.

Shore10

7/18/21 3:23pm

Of course it’s accurate.

All-American

7/18/21 3:42pm

Exactly.

kotacoug

7/18/21 2:30pm

Pretty sure if you support free market it doesn’t necessarily mean….

RockyTopCougar

7/18/21 2:02pm

Pretty sure that is a non sequitur.

All-American

7/18/21 2:04pm

Amen. The fed reserve and the chimps in DC are the enemy here.

Backcountry

7/18/21 1:41pm

That’s a reaction to a problem that’d go away if we cured some different issues that come earlier in the chronology

JollyGreenGiant

7/18/21 1:25pm

Qhat? What came that is allowing large rental compani2s to

CarolinaCoug

7/18/21 1:34pm

Nobody is overpaying. They are capitalizing on artificially low interest

Backcountry

7/18/21 1:44pm

Where should individuals who are also trying to hedge against inflation invest?

Shore10

7/18/21 3:16pm

Build your own investment company? Compete with other investment companies?

kotacoug

7/18/21 4:25pm

No, we dont comrade. That is dangerous and nonsensical.

Backcountry

7/18/21 1:36pm

This is what I hate.

Shore10

7/18/21 3:33pm

This is chrony capitalism. The answer is a true free market. Your blame is

Backcountry

7/18/21 4:41pm

Agreed that the FED is causing this.

Shore10

7/18/21 4:49pm

#endthefed

Backcountry

7/18/21 5:22pm

I'll PODT this tomorrow. I already used mine up for the day.

Shore10

7/18/21 5:27pm

Disagree, strongly. What we need is to build more homes.

All-American

7/18/21 1:42pm

Here’s the thing. I don’t trust any govt to do anything well.

maxpowers

7/18/21 1:43pm

This one is on the constituents not the pols. The pols are simply giving the people what they demand.

HarlemCoug

7/18/21 1:46pm

RE: Here’s the thing. I don’t trust any govt to do anything well.

(Private)

7/18/21 3:17pm

You've identified a problem but misunderstand the cause. Corps aren't the problem, people who get in the way of building

HarlemCoug

7/18/21 1:45pm

By the way, corporations are not offering above market value.

All-American

7/18/21 1:46pm

The fed needs to taper, now. Not in 22 or 23, but now. And DC needs to stop

Backcountry

7/18/21 1:47pm

I sometimes wonder if there has been any business advancement since the

crack

7/18/21 1:49pm

Did you type this on an iPhone?

All-American

7/18/21 1:53pm

Huh? No.

crack

7/18/21 1:56pm

I think this is why 1/4 of conpanies are considered "zombies" right now

Backcountry

7/18/21 1:54pm

And then what happens is we get worried about “low growth”…. so we keep interest rates low….

JollyGreenGiant

7/18/21 1:57pm

This is the big key, IMO. They need to taper now and normalize rates and policy.

Spindash

7/18/21 2:01pm

Amen

Backcountry

7/18/21 2:03pm

100% agree. But they always get the bailout & govt always spends for votes.

Shore10

7/18/21 4:54pm

I agree with you 100% there

Backcountry

7/18/21 5:22pm

Severely limit foreign buyers as well.

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