JPMorgan to spend $1B on rental homes in the US to become a megalandlord

Re:JPMorgan to spend $1B on rental homes in the US to become... by rcpt on Saturday December 31, 2022 @05:36PM (#34201469)

65% of California voted to overturn the 1963 Rumford Fair Housing Act, thereby allowing property sellers, landlords and their agents to openly discriminate on ethnic grounds when selling or letting accommodations.

https://en.wikipedia.org/wiki/1964_California_Proposition_14...

The supreme court had to overturn the law.

Direct democracy is an objectively horrible way to govern. The US realized this hundreds of years ago and The Federalist Papers explicitly called out the "problem of faction" which is why we have a representative democracy instead of US citizens voting on federal law directly.

Children, immigrants, future transplants and prisoners can't vote. Should we be okay to grind them into dirt if it'll enrich voting demographics?

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Re:JPMorgan to spend $1B on rental homes in the US to become... by IG_Semmelweiss on Saturday December 31, 2022 @05:56PM (#34201602)

Yet switzerland has the oldest continuing government in the world.

Meanwhile, we had at least 1 close brush with failure (civil war). And counting.

You need to take care of factions and you need big, heated arguments at the local level. So they dont end up scaled up at the federal level.

Otherwise those scaled up "solutions" ends up massive problems, such as the sudden reversal of abortion, foreign interventions, and housing/ credit meltdowns due to federal subsidies of mortgage insurance.

[ Parent | on HN ]