News for hackers. Stuff that matters.

A comment on House Democrats to propose ban on lawmaker stock trading – report. Parent comment

Re:House Democrats to propose ban on lawmaker stock trading ... by mfer on Thursday July 28, 2022 @01:03PM (#32267128)
> they don't get to own stocks or real estate

So, they can't own a home in a location they represent? I don't see that going over well. Your primary home is real estate. So is that little family cottage.

Also, congressional reps need to have a home is Washington. So, they have to rent there?

[ Parent | on HN ]
Re:House Democrats to propose ban on lawmaker stock trading ... by paulryanrogers on Thursday July 28, 2022 @01:14PM (#32267336)
Renting may be a new experience for them. And with such a huge bump in salary I think they can take the hit.

After all it is positioning real estate as investments that contribute to its unaffordability.

[ Parent | on HN ]
Re:House Democrats to propose ban on lawmaker stock trading ... by rococode on Thursday July 28, 2022 @01:23PM (#32267495)
That's pretty trivial to work around... you can own one primary residence, and one additional residence in DC. You can't own 10 buildings.

That said, I don't think real estate is as easily abused as stocks. Much harder to influence the value.

[ Parent | on HN ]
Re:House Democrats to propose ban on lawmaker stock trading ... by vkou on Thursday July 28, 2022 @01:37PM (#32267688)
> So, they can't own a home in a location they represent?

They could always try renting. A lot of people manage to get by doing just that.

[ Parent | on HN ]
Re:House Democrats to propose ban on lawmaker stock trading ... by dhritzkiv on Thursday July 28, 2022 @01:13PM (#32267295)
Many reps do rent in DC, sometimes in frat-house-like conditions with other reps.[1]

[1] https://www.cnn.com/2013/12/04/politics/real-alpha-house/ind...

[ Parent | on HN ]
Re:House Democrats to propose ban on lawmaker stock trading ... by wyre on Thursday July 28, 2022 @03:12PM (#32268875)
Why isn’t this the basis for a tv show?
[ Parent | on HN ]
Re:House Democrats to propose ban on lawmaker stock trading ... by AftHurrahWinch on Thursday July 28, 2022 @05:17PM (#32270226)
It was, the cartoonist behind Doonesbury did it for 2 years.

https://en.wikipedia.org/wiki/Alpha_House

[ Parent | on HN ]