alt Hacker NewsFrom the moment I saw this in the WSJ this morning, I was wondering what people were going to come up with in order to be against this obviously-good idea, just because Trump said it.
Now I know.
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I'm not against the idea per se, but "institutional investors are buying up homes" is an effect, not a cause. Boomers demanded that "house values are never allowed to go down, only up" and put all manner of construction-preventing policy in place to make sure this happened, so of course institutional investors showed up. If there's an asset class which is only allowed to go up, why wouldn't they?
Banning institutional investment doesn't remove the "can only go up" laws and mindset, so I think (assuming this even happens, which it probably won't: TACO) the actual effect on prices will be minimal.
Too much TDS man. Not everything is about Trump.
I don’t read this as being against it at all. They’re simply pointing out it doesn’t have that big of an impact because of a bigger problem that remains.