Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt
by mattnewton on Tuesday November 02, 2021 @03:15PM
(#29086084)
Then renters can afford the larger rents, and after the dust settles all you've done is take money from one of the state's pockets and put it in another, no?
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Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt
by pkulak on Tuesday November 02, 2021 @03:27PM
(#29086274)
Yes. Seems like I typed before I really thought about it. :/
I guess what you'd want is to tax the hell out of rental properties, then put that money to first-time mortgage assistance.
Re:Zillow seeks to sell 7k homes for $2.8B after flipping halt
by banannaise on Wednesday November 03, 2021 @11:51AM
(#29096347)
The problem is the financialization of housing in the first place. You have to figure out a way to reverse that. Making speculation illegal probably isn't feasible, but could you require that renters earn equity offsetting some portion of rental profits?