US will ban Wall Street investors from buying single-family homes

Re:US will ban Wall Street investors from buying single-fami... by jjav on Thursday January 08, 2026 @09:36AM (#46541472)

That feels like wishfull thinking. What I see around me in practice is government doing all they can to sell off public lots (like parks) to developers to tear down the park and build another luxury condo. More tax revenue, more money in the government pocket, some bribes under the table, another loss of quality of life in the neighborhood.

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Re:US will ban Wall Street investors from buying single-fami... by estearum on Thursday January 08, 2026 @09:45AM (#46541591)

Right, because selling it is a better revenue opportunity. Under the tax scheme described, the reverse is true.

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Re:US will ban Wall Street investors from buying single-fami... by jjav on Thursday January 08, 2026 @11:57AM (#46543354)

> Under the tax scheme described, the reverse is true.

Explain how.. In a dense urban area, with LVT, that lot that held a park will bring even larger tax revenue when the city sells it off to a developer. Having the tax be based on maximum potential usage will only increase the temptation to sell it off and remove yet another park from the people.

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Re:US will ban Wall Street investors from buying single-fami... by kiba on Friday January 09, 2026 @01:42AM (#46550772)

It would decrease land value since the park is no longer there. Tax revenue would decrease as quality of life decreases.

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Re:US will ban Wall Street investors from buying single-fami... by jjav on Friday January 09, 2026 @07:15AM (#46553093)

I think this assumes politicians who care about subjectives like quality of life, and who are able to think in long-term sustainable city finances instead of just maximizing what they can grab in current fiscal year. We don't have any such politicians in power in the US.

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