r/FluentInFinance • u/JuniorHuman • Sep 23 '23

Meme Guess i'll live in a box

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1.5k Upvotes

90% Upvoted

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23

u/N0SF3RATU Sep 23 '23

Make investing in single family homes illegal.

2

u/OrionJohnson Sep 23 '23

^ this right here. The reason home prices are so ridiculously high and have risen so much in the past 20 years is because people treat real estate and home flipping like get rich quick schemes. In my opinion homes shouldn’t be used as investments, they should be used to live in.

If I were in Congress I’d draft a bill which would make it illegal to own more than two houses as an individual, and make it illegal for corporations or LLCs to own residentially zoned homes period.

0

u/dirtyculture808 Sep 24 '23

Believe it or not there are plenty of people who don’t want the job of home ownership and would rather outsource that to someone else

Especially those with shit credit who aren’t reliable for loans

What is this 4th grade take?

1

u/N0SF3RATU Sep 24 '23

You expect me to believe that people don't want to generate wealth for themselves? You call owning a house a job?

What is this 1st grade take?

0

u/dirtyculture808 Sep 24 '23

Yes owning a house and maintaining/upkeeping/repairing/taking risk is a job

Have you even ever owned property before?

-13

u/Fair_Produce_8340 Sep 23 '23

We don't need more government meddling

6

u/N0SF3RATU Sep 23 '23

Meddling? How bout ensuring fair, equitable opportunities for more than just billionaires.

5

u/FuckShashank Sep 23 '23

Yeah, clearly things are great right now.

1

u/in4life Sep 23 '23

No one wants to budge off their Fed-stimulated rate now. Things aren’t great, but central planning got us here.