They won’t be sellable… AT A PROFIT. They might have to sell them to PEOPLE so they can LIVE IN THEM instead of as a perpetual resource squatting investment.
You get to escape from this exploitation with the ill-gotten rent-profits you’ve already got and your heads still attached to your bodies… this is already the compromise. Take the win.
The fundamental issue is that people and corporations are buying himes for the sole purpose of profiting off them
It’ll suck for some people, but it’s a necessary part of making housing affordable again. Housing needs to be a place for someone to live, not an investment that always gets more expensive
They might not be sellable at “break even”. A lot of people bought places to short-term rent on places like Airbnb. The prices might be extra inflated because of that revenue generation. Remove the ability to make a profit and the value crashes. Suddenly they cannot sell it for what they owe and it doesn’t make enough to cover the mortgage.
My guess is that a lot of these mom and pop landlords will lose or sell their properties and investment funds will gobble them up for cheap… Never lose faith in the system’s incomparable ability to fuck over the common people.
Gotta read between the lines.
They won’t be sellable… AT A PROFIT. They might have to sell them to PEOPLE so they can LIVE IN THEM instead of as a perpetual resource squatting investment.
You get to escape from this exploitation with the ill-gotten rent-profits you’ve already got and your heads still attached to your bodies… this is already the compromise. Take the win.
The fundamental issue is that people and corporations are buying himes for the sole purpose of profiting off them
It’ll suck for some people, but it’s a necessary part of making housing affordable again. Housing needs to be a place for someone to live, not an investment that always gets more expensive
They might not be sellable at “break even”. A lot of people bought places to short-term rent on places like Airbnb. The prices might be extra inflated because of that revenue generation. Remove the ability to make a profit and the value crashes. Suddenly they cannot sell it for what they owe and it doesn’t make enough to cover the mortgage.
My guess is that a lot of these mom and pop landlords will lose or sell their properties and investment funds will gobble them up for cheap… Never lose faith in the system’s incomparable ability to fuck over the common people.
People who wanted to literally abuse the system (and the people in it) will get fucked up by a new system. So sad.