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dickersnoodle | on: Trump wins presidency for second time
>Honestly as someone who has been scrimping and saving to try to buy a home for the last 6 years, I would be somewhat annoyed if suddenly every broke first generation person is thrust to first in line for the limited housing supply we have, driving prices up further. The fact that it is specifically structured to exclude people with roots here is kind of a slap in the face -- there is no reason it shouldn't just be tied to income, so suddenly it is needlessly political

Yeah, this was my reaction to it as well. The only real way to bring down housing prices is to drastically increase the housing supply and find a way to prevent companies like Blackrock from snapping them up and leaving them empty to keep rental prices high. The "enemy within" is actually PE firms...

astroid | parent
"The only real way to bring down housing prices is to drastically increase the housing supply and find a way to prevent companies like Blackrock from snapping them up and leaving them empty to keep rental prices high"

This is exactly the change that needs to happen - the fact that entire subdivisions of housing are being built specifically so these multi-national conglomerates can use them as an investment vehicle, AND all the existing homes are being snatched up by them is criminal in my eyes.

The most impactful thing anyone could do to improve the housing situation in this country is to prevent these operations from using single family homes as investment vehicles. I don't know the 'exact right' way to achieve this - but I'm certain the exact legislative language could be hammered out to make things better for EVERYBODY except the bottom feeders.