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Actually I kind of agree that properties on mortgage should not be leased, or at least there should be some strict restrictions.
I know many people purchase a house with a loan, and recruit tenants/roommates to pay the mortgage.
I do think there should be some restrictions on it. For example, the money they collect from tenants each month should not be higher than a percentage of the loan.
This is the way to keep housing costs down.
That's not going to work.
Let's say you have garage-converted-studio for rent $1600/month which equals the percentage of your loan. There are 10 potential renters on your list. One renter on your list told you that he would pay an extra $200 under the table on top of $1600 each month if you let him rent your studio.
Have both of you sold off your Globalist Stocks like Apple, Facebook, Amazon, IBM?
There’s a difference between patronizing companies and enriching their founder, and buying stock in their companies to build up my own portfolio. I plan to support myself in old age, buying into the nicest assisted living place if that becomes necessary, rather than be one of the gimme, gimme liberal socialists who plan to have other people support them.
It makes houses less profitable, and thus the price will drop, and more people can afford it.
When it is established, people can pay off their mortgage in just a few years, instead of 20-30 years. After that they can do whatever they want.
And if someone does not want to sell or does not believe compensation is just.....sooner or later a court will rule in favor of the government entity who wants to repurpose the land. And in some cases that repurposing means giving it to a private developer who intends to create something that will generate higher tax revenues.
It is interesting that those who are most vehemently against individuals as landlords in the US are either not American or are heavily influenced by some other culture.
Maybe Chinese corporations should own all the rentals, that would certainly work out well for the real estate market and for average Americans.
Koch is known for invitation only summits to enable Republican primary candidates to interview for backing from the Koch group.
Prior to Trump becoming the apparent winner of the 2016 Republican primary, Koch intended to invest $1 billion in the race. Instead they put their money into state races.
Sheldon Adelson invested $100 million into the Romney/ Ryan ticket in 2012. $25 million to Trump in 2016 and $100 million to Trump and RNC in 2020.
The big monies are invested in Super Pacs.
On the flip side is Bloomberg.
When these kinds of donations are made there is a clear expectation of a return on investment from the mega donors.
Koch is known for invitation only summits to enable Republican primary candidates to interview for backing from the Koch group.
Prior to Trump becoming the apparent winner of the 2016 Republican primary, Koch intended to invest $1 billion in the race. Instead they put their money into state races.
Sheldon Adelson invested $100 million into the Romney/ Ryan ticket in 2012. $25 million to Trump in 2016 and $100 million to Trump and RNC in 2020.
The big monies are invested in Super Pacs.
On the flip side is Bloomberg.
When these kinds of donations are made there is a clear expectation of a return on investment from the mega donors.
Way too much $ in politics.
What does Bloomberg expect to gain, for himself, for his large donations?
It is interesting that those who are most vehemently against individuals as landlords in the US are either not American or are heavily influenced by some other culture.
Maybe Chinese corporations should own all the rentals, that would certainly work out well for the real estate market and for average Americans.
No shortage of foreign money is invested in US real estate, directly or through shell companies.
The Trump and Kushners residential and commercial real estate enterprises are heavily dependent on foreign investors. Green cards are used to entice such investments.
Kushner Cos would have self destructed had it not been for an 11th hour infusion from Qatar, washed through a Canadian fund. Kushner Cos owns serious residential rental real estate in several states. It, through its managing agents is no stranger in eviction courts.
Trump makes no bones about his love for the Saudis because they buy a lot of real estate from him. They also proved very helpful when it became necessary for Trump to liquidate distressed assets as a part of his 6 bankruptcies.
2017 was a record year for foreign acquisition of residential real estate.
Stats for foreign investment residential and commercial real estate:
Obviously some prefer sellers receive less by limiting the pool of ready, willing and able buyers.
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