Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
With the housing market becoming outrageous I think we should start somewhere. People are leaving most of the top end places such as NYC, LA, Seattle and are moving to Texas, Florida, Georgia, etc. Soon there will be no where else to run to. Would you agree on a ban or temporary ban on foreigners being able to buy housing properties to help relief stress for our own citizens?
There's another issue at play here that I was reading about a few months back (I believe it was on USAToday website).
Rental companies like American Homes for Rent and others are scooping up as many properties as they can, often multiple houses in the same neighborhood. They are doing this so they can make more money renting them out by raising the rents in the area.
In the meantime, they are freezing out the first time buyers and retirees by paying cash and often paying above listing price for the homes.
One woman who was interviewed for the story talked about how her rent doubled after the first year because of these companies. They had no choice but to move elsewhere.
If rental companies own many of the houses in an area, they control the pricing of rent.
Lets limit what they can buy before we look at foreign investors who can't even travel to this country right now.
With the housing market becoming outrageous I think we should start somewhere. People are leaving most of the top end places such as NYC, LA, Seattle and are moving to Texas, Florida, Georgia, etc. Soon there will be no where else to run to. Would you agree on a ban or temporary ban on foreigners being able to buy housing properties to help relief stress for our own citizens?
If foreigners have greater spending power than our own citizens, who can largely no longer afford to purchase property in some of our cities, the problem runs deeper. Our societal infrastructure is broken. Maybe $15 minimum wage is a start.
Let's face it. Most of us are broke. Most of us live paycheck to paycheck. Most of us have diddly squat in our bank accounts. That's the reality. Most respected societies don't operate this way.
Are you talking about people from foreign countries or people from foreign places like NYC and LA?
US citizens have the Right to move around the country I would only ask that they leave the very politics and failed policies that has forced to leave their home states behind. Sadly we all know how that goes once they get settled they start demanding changes and voting.
If foreigners have greater spending power than our own citizens, who can largely no longer afford to purchase property in some of our cities, the problem runs deeper. Our societal infrastructure is broken. Maybe $15 minimum wage is a start.
Let's face it. Most of us are broke. Most of us live paycheck to paycheck. Most of us have diddly squat in our bank accounts. That's the reality. Most respected societies don't operate this way.
a 15 dollar minimum wage just resets the bottom. it creates inflation. That would just make things worse.
with all due respect, America just rejected the policy fixes that were raising incomes in the bottom quintile faster than the top, for the first time in 50 years. We have broke stuff for sure. we just don't have a country that wants anything fixed.
We really need to keep the housing market from being concentrated into small numbers of powerful corporations. I would heavily tax residential real estate zoned R-1 by any person or entity owning anything beyond 2 properties. This trend of having these cash rich entities buying up residential real estate is not healthy. Capitalism has it's limits and when entities start becoming too big for their own good we need to do things to help out the little guy.
Are you talking about people from foreign countries or people from foreign places like NYC and LA?
US citizens have the Right to move around the country I would only ask that they leave the very politics and failed policies that has forced to leave their home states behind. Sadly we all know how that goes once they get settled they start demanding changes and voting.
I’m speaking on specifically people from foreign countries.
a 15 dollar minimum wage just resets the bottom. it creates inflation. That would just make things worse.
with all due respect, America just rejected the policy fixes that were raising incomes in the bottom quintile faster than the top, for the first time in 50 years. We have broke stuff for sure. we just don't have a country that wants anything fixed.
...As a result, income inequality grew over the 2010-2019 period. The difference between mean incomes in the top and bottom quintiles increased at an annualized rate of 2.8%, which was the fastest pace growth (in this measure) of all periods considered here...
(emphasis mine)
We really need to keep the housing market from being concentrated into small numbers of powerful corporations. I would heavily tax residential real estate zoned R-1 by any person or entity owning anything beyond 2 properties. This trend of having these cash rich entities buying up residential real estate is not healthy. Capitalism has it's limits and when entities start becoming too big for their own good we need to do things to help out the little guy.
Were do you think the corporation that owns a building is going to get the tax money to pay the government?
Ill let you think on it
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.
Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
