Fucking do it you cowards.
I think you’re forgetting about Republicans.
Or more than half of the democrats that do Wall Street’s bidding too.
Or the courts that would throw the law out as soon as it gets challenged the first time
Or wallstreet for just switching to hiring people to hold the land for them as third party agents.
Impossible before the age of computers, but now it’s just a spreadsheet.
They should never have been allowed to buy them to begin with.
The second best time is now.
People require housing. Corporations are people. /s
“Corporations are people, my friend” --Mittington
I’ll believe that when one is executed.
Or charged with a crime. All the protections of a person with none of the liability. Seriously it’s beyond stupid. If someone said that to you you would laugh awkwardly and get out of the convo asap and depending who it was talk to their family about possible treatment from psychiatric providers. Yet here we are, having to all pretend like the psycho is right because they bribed a politician into making it the law.
I mean it’s a free market, it’s not reasonable nor desirable to proactively prohibit all possible bad scenarios
edit: to anyone downvoting, read carefully
I read your comment carefully and still downvoted because its an incredibly dumb thing to say.
Tbh whenever I see someone editing their comment to put “conditions” on people downvoting their trash opinion I automatically downvote. Whine or cry or try to put conditions on people downvoting you? Believe it or not, instant downvote.
Nice username, fam! I’ve not found an Expanse community around here yet, but I see lots of fans
Wtf, I literally just re-watched the scene 5 minutes ago, and I come on lemmy and see this. Are the planets aligned or am I about to die or something?
Final Destination, Expanse style? That sounds… unpleasant lol
I only said that because I’m pretty sure 99% of the people here agree with me, you included but are downvoting as a kneejerk reaction.
There’s never a scenario on the internet where 99% of people agree with you…unless you’re just talking to yourself. Just let it go, not like you lose anything with downvotes.
Then you have expressed yourself poorly and have made no effort to correct that.
What the fuck do you think regulations are for? If we didn’t have them companies would skip crucial steps because they are expensive. Take Tesla for example, removing radar/lidar because of expense and they are bulky. But are nessesarry, shit they’re putting mics outside the car to listen for sirens.a
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why is that?
why is it a dumb thing to say? in a free market, it is wise to take all that you can for your shareholders. Maybe a free market isn’t what you desire?
It’s greedy and antisocial. You’re a moron. Capitalism is a stain on world history.
well, that’s kind of exactly what we’re saying. we are stating what laissez faire capitalism is. i agree that it is antisocial, greedy, immoral and a bane of our existence…and really the major thing holding modern society back. i never said i support a free market (hint: i don’t)…just stating what it is. your reply might come off as antisocial (ie morons)
So the way to counteract that would be passing laws preventing it? The thing being proposed?
This is like me saying “my house is on fire! Put water on it!” And someone replying “you shouldn’t do that because the purpose of fire is to burn things” and thinking they’re clever. Nobody here is pro-fire.
I mean I’m fine being antisocial myself. My impact is very minimal. Unless you are comparing your hurt feelies with the destruction and misery capitalism causes.
maybe there is some other kind of problem here, because i’m anticapitalism, if you’re reading the correct thread
That’s a really good point. I should be able to buy some people since it’s a free market and it’s just impossible to curb exploitation.
I don’t wanna get exploited! You better be willing to buy me for a fair price…
“Best I can do is minimum wage and some cheap pizza on labor day.” -somebody
Hmmm… Can you tell me how to use my paid leave? I like it when medical leave gets denied because I wasn’t sick enough. Beat me with those loopholes, daddy!
that is not what I said at all
Looks like people think that’s what you said. Maybe you should consider clarifying instead of just saying “I didn’t say that” or “read it again”.
If the majority of people are “misunderstanding” you, maybe you should consider the possibility that the problem is with what you said, not with the people reading it.
I’ve looked over it, it’s one very simple sentence.
There’s not much I can do at this point, my comment is caught up in the circlejerk train. That’s just the
redditlemmy experienceIf everyone is misunderstanding you, and you can’t figure out how to reword or explain your intention, that’s not a circle jerk. That’s just you expressing yourself incredibly poorly.
Reword it, delete it, or walk away. Insisting people “read it again” isn’t doing anything.
You must not be very familiar with the internet
We don’t have a free market. Wall Street gets bailouts, congress engages in insider trading, corporations collude to limit wages, and policies favor banks and corporations. Consequently, the last 50+ years have seen the decimation of the middle and working classes.
Privatize the gains, socialize the losses.
I read carefully, then un-downvoted so i could downvote you again
Now are downvoting because: What they said isn’t true… Disagree with what was said… Missed that they are pointing out a free market does not give a fuck about you; unless you are profits…
Because it’s inaccurate.
It would be correct and proper for the government to pass laws to protect the population and prevent bad outcomes.
uhmmm that is the point being expressed here…you all just want to fight. Bro describes the exactly what a free market is and people get up in arms here. That’s like if someone describes what a house on fire looks like and then is accused of being pro-house-on-fire. smh
uhmmm that is the point being expressed here…you all just want to fight. Bro describes the exactly what a free market is and people get up in arms here. That’s like if someone describes what a house on fire looks like and then is accused of being pro-house-on-fire. smh
The point being expressed here is the current system is bad and needs to be fixed.
It’s like if someone proposed putting out a house fire and bro came in saying you shouldn’t put out the fire because that’s how fires work. It’s neither profound nor helpful.
I was just saying that as I was about to send my 6-year old out to the corner store to go buy some cigarettes for me, since our free market hasn’t imposed any restrictions on that transaction.
Or if you look at the housing market specifically, in my area at least, I can’t buy a second home in the same area as an individual. I can buy investment properties that I’d need to rent out, but I’m forbidden from owning a second residence for myself.
State, Local, and Federal lawmakers are constantly proactively prohibiting bad scenarios. And in this case, it wouldn’t even be proactive, it’s literally something that’s going on right now that needs corrected.
Homes are for people.
A true Libertarian utopia.
If allowing ordinary people to be priced out of owning homes is your idea of a free market, then fuck the free market.
People are priced out of homes specifically because the market has been kneecapped by bad zoning policy.
Homeowners got theirs and then pulled up the ladder
Fuck the free market. Fuck capitalism. Fuck you, too.
I could use a good lay
Got money?
Gods yes. We can’t predict every sort of bad behavior in the market, only react. Bunch of arm-chair quarterbacks in here, “We should have seen this coming!” Watch 10 people tell me exactly how we could have.
And on this issue, it’s high time to react. Doubt it will happen. :(
It’s not a free market… that’s not an actual thing that can ever exist. It’s a state where the markets are in a perfect, frictionless state, where barriers of entry are non-existent and everyone has equal access to trade on the market… Ignoring petty things like needing to actually source things
It is, in fact, both reasonable and desirable for the government to proactively watch and interfere in the markets before they enter a failure scenario, that’s their job in the market.
It’s often willfully misunderstood, but what you’re describing is a half step from lasse faire capitalism. Which is the idea that a “free market” is a stable state, and we just need to let it settle long enough without interference. But that’s literally psuedoscience…
And this is the sort of legislation that should be passed by direct referendum, will of the people, and not by representatives who have been bought out by special interest groups. Desperately needed but unlikely to happen.
the country would function so much better if we just sent out ballots to everyone to vote on every bill if they want to
That’s how Brexit happened in the UK.
I agree about not trusting the politicians, but not sure I trust the general public much more unfortunately.
The founding fathers didn’t either that’s why they put a buffer in in case there was a nuance not under stood by the general public. The only problem is I don’t think they envisioned a party hell bent on the country’s destruction.
The greatest flaw in the founder’s reasoning was that they trusted public servants to fight for what’s best for the country. They expected public figures to always attempt to do what’s best for the country and their constituents and built our systems based on a lot of trust.
They never expected there to be half the country that doesn’t care about the rules and only works for their own benefit.
A two party system was one of George Washington’s fear. It breeds division while both sides occupy themselves making us emotional about how much the other side does wrong. Then they get more donations and more power. They don’t care if they aren’t effective because they know we won’t ever go to the other side.
… There’s a great Freakonomics episode on the duopoly formed by the Democratic and Republican parties and how they both benefit while stifling the competition from other parties that could provide more varied perspective.
My takeaway - support rank choices voting and elimination of closed primaries (which encourage extremism in candidates).
Just look at your presidential race, sadly I agree
Bad example, Trump lost the popular vote both times. Dang electoral college was responsible for that travesty. Also George W. Bush lost the popular vote in his first election too. Thanks again, electoral college.
People voted for him, those people are fucking brain dead
I don’t disagree, just saying it’s an instance where direct democracy would have been better than having this representative layer of the electoral college in between.
That’s because we need a maximum age to vote too.
A maximum age to vote?
Wtf?
So old people should have no voice?
I kind of see what they’re saying. If you’re on your way out, you probably shouldn’t have a ton of sway on how the world operates after you’re gone.
But that is a suuuuper slippery slope.
“The law abhors dead hand control.”
Voting is a basic human right, though.
I non-sarcastically love your optimism. But part of me really believes that 50% of the country votes however their church tells them to. So I’m not sure it’d be better.
Johnson should have teeth.
Mine doesn’t have a mouth though, just a small opening
It’s more like one fourth. Half the country doesn’t vote at all.
I would be very careful with that. US should try having a more representative government first.
So long as you don’t like a functioning economy, sure.
You’d get people voting for all the projects and none of the budget.
You are getting down voted for telling the truth.
It happens. I’m not concerned about it. I’ve seen that happen first-hand. If people don’t want to acknowledge it, they can learn it for themselves.
Direct voting is the future.
We’re not ready for it yet. Everyone still bitches about corrupt politicians but still thinks direct voting is a bad idea, lol.
Rubes.
Stupid take. Nobody thinks rote popularity contest is a good idea. There’s too much to know. Too much to regulate. Have to employ experts.
If it were left to popular vote, do you think we would have the Exclusionary Rule? A ban on cruel and unusual punishment? A right to remain silent? Any criminal rights?
Any minority rights at all?
So just vote for the issues that matter to you.
Either way, you get more control than having someone else make the decisions for you.
“Abstain from votes you feel unqualified for while the unqualified radicalized masses vote every time” isn’t exactly the winning strategy either. Fact is a large portion of the population has no problem voting incompetently and/or under the influence of malicious talking heads.
I don’t see why you think the constituency would routinely make worse decisions than the people they put in power.
Fact is a large portion of the population has no problem voting incompetently and/or under the influence of malicious talking heads.
What makes you think politicians are exempt from this?
Honestly how old are you?
Direct voting is the future.
We have frequent ballot measures in California and as a voter I do a lot of work to understand those ballot measures that many do not have the time or the ability to do. California ballots may have 5-10 questions on them, and these things already take a long time to properly research and understand…Can you imagine the complexity when you’re talking about national issues and especially thinking of running the entire government that way?
It’s a full-time job. There’s no way it’s scalable to run a country this large with this many competing interests using direct voting. You’d spend your whole life voting on or researching on voting on things.
Ultimately, you’d wind up with industry writing all of the law proposals and a misrepresented version of those coming across some kind of voting device. We’d still continue our slow slide into some sort of industrial feudalism, just without the politicians to blame for it.
I think proportional representation and ranked choice voting are both better ideas.
Mmm, your entire point can be negated by acknowledging that politicians and elections are usually bought out.
Do you think Congress represents the will of the people? Do you think it should?
This will pass at the same time as the healthcare, world peace, and word hunger bills.
From the article:
With a divided Congress, the bills are unlikely to pass into law this session. But Mr. Smith said legislators needed to start a conversation.
Solid odds this will be a campaign issue, which is a great thing.
It will be a campaign issue and then nothing will be done about it. Fingers will be pointed.
This 1000%. A bunch of bullshit from all sides, all these “ought to’s” and a bunch of malarkey will get tossed around. The election will get won by Biden or Trump, and all this will just turn into the same thing it always does…empty promises and a shit ton of money getting made at the top while we’re all fucked.
Real change won’t happen by voting for it, it’s when billionaires find their heads in baskets staring up at the axe/guillotine/whatever that just cut their fucking heads off. Eat the rich.
Everyone will talk about it, nobody will do anything to improve the situation.
Once you reach the ranks of the Senate, you have more financial interest in the future of your REIT-heavy investment portfolio than the price any of your constituents are paying for housing. Hell, more than a few Senators come straight from the halls of Wall Street themselves. That’s how they have the kind of surplus cash to run for office to begin with.
Or they could all be vampires, if we’re just making shit up.
Even vampires don’t suck this hard.
I agree your comment here was just bad lol
Like, volunteer on any campaign whatsoever and see how wrong it is
I’ve seen the inside of the Beto O’Rourke campaign three times over and it got worse every time.
don’t forget gun regulation
Gun regs have better odds, as high real estate prices don’t put Congresscritters in the hospital.
Do your part and vote 3rd party. If we want change we have to vote for it.
Our current electoral system is inherently biased against 3rd parties. We need to switch to approval/STAR voting to make 3rd parties viable.
Yeah, people keep saying things like this, and then just completely ignore that their view is led us down a 40-year path where our liberty and economic power has dwindled progressively with each passing election.
So no.
Your viable parties are shit. I’ll vote better.
It would help if third parties would do something other than put a candidate up for President every 4 years, fail, and then disappear for the next 4 years. That’s a waste of everyone’s time, money, effort, and votes. Parties that do this should be looked on with suspicion.
Get people into city councils, school boards, and county comptroller. Work up to state level government. There is tons of good to be done at that level of government–in many ways, far more than the White House could ever do.
Greens, this is about you, specifically.
Our viable parties are shit because our electoral system is shit.
The 100 year path of wishful thinking that single person who votes will suddenly change their behavior such that they won’t vote strategically hasn’t got us anywhere. Our electoral system needs reform. It is inherently biased to make 3rd parties fail every single time. The game is rigged for 2 parties and only 2 parties.
and then just completely ignore that their view is led
You’re talking about a view different from mine.
our liberty and economic power has dwindled progressively with each passing election
That’s as much a consequence of legalisms - Bush v Gore invalidating votes in swing states, Tom DeLay kicking off a big wave of legislative gerrymandering, candidates party-flipping starting in the White Flight of the 80s/90s (WV’s governor flipped the day after the '17 election), the banning of earmarks in legislatures and the legalizing of unlimited campaign donations following Citizens United - as voting patterns.
So much power has been consolidated within the hands of party leadership and so much money has flown to affiliated party-loyal business interests that voting no longer shapes political behaviors. When Republicans can’t win an HISD board seat, they turn to the governor to simply take over the entire board by fiat. When someone in the Democratic Primary attempts to unseat an incumbent, the party spends tens of millions to defend them. When a third party bid emerges, they’re cut out of debates and excluded from news coverage save for the yellow journalism designed to dismiss you as a crank. (And, in fairness, there are tons of cranks in the 3rd party scene already).
I don’t think you can strictly attribute this to “not enough 3rd party bids”. We have consolidated political power in the same way we’re consolidating economic power.
There’s quite a few southern states that use runoff voting. Their state legislatures are just as filled with the big two parties as everywhere else. Additionally, the US is not alone in favoring FPTP voting, but many of those other countries still have third parties that are viable in individual regions (Canada and UK, for example). The US is unique in how the big two parties are dominant everywhere at every level.
People focus a lot on FPTP, but it’s not the only factor at work.
Yeah it absolutely isn’t the only factor, but it’s one of the biggest ones. I neglected to point out it isn’t the only factor.
After FPTP issues, the next biggest one in my mind is the spending rules. I think that all candidates should operate from a “shared pool” of election funds. So if candidate A wants to use 1 million for the election, half of it goes to them, half of it goes to their opponent. No candidate should have a higher spending fund from another. It would drive down campaign spending, make bullshit political ads less frequent, and add a degree of fairness.
That, and there needs to be a full ban on lobbying (read bribery).
As for the few elections in southern states that use run offs, that’s not quite what I’m looking for, and those elections aren’t in a vacuum. The political power the two parties get from surrounding areas is enough to mean 3rd parties still don’t have a chance.
Our current electoral system is inherently biased against 3rd parties.
That’s true until it isn’t. Year-over-year, the nation can only support two parties nationally and one dominant party state-by-state. But which party (and which coalition of leaders) hold power can change in wave years, particularly when strong third party campaigns force rival parties to cater to the independent vote to get over the 50% hump.
There’s a podcast called Hell of Presidents that does a great job of documenting the rise and fall of state party organs and their impact on the national scene. The rapid collapse of the Federalists, the rise of the Jacksonian Democrats, the collapse of the Whigs and emergence of the Republicans, the rise and fall of democratic socialists, and the emergence of liberal progressives, movement conservatives, libertarians, and neoliberal democrats all begin with third party bids in small states.
While we don’t have more than two distinct parties in the US, we absolutely do have factions within the main two parties that have regionalized and polarized constituencies that are fighting for control of the national party apparatuses. Even setting aside guys like Trump and Sanders, just check out Nebraska’s Indie dark horse contender Dan Osborn, whose union organizing is putting him ahead of both party candidates.
That’s true until it isn’t.
The way you change that is election reform. Not thoughts and prayers and spoiler votes when one of the 2 big parties is running a wannabe-dictator.
Think, if fools in Florida didn’t vote 3rd party in 2000 you’d never have bush or the war in iraq, and we might have given a shit about global warming.
The way you change that is election reform.
Can’t even get DC statehood with a Dem majority and Presidency. Couldn’t do it when we had a 60 vote supermajority in 2008. We’re certainly not going to get it through the courts, given how the SCOTUS is stacked.
Think, if fools in Florida didn’t vote 3rd party in 2000 you’d never have bush or the war in iraq
The majority of green party votes came from registered Republicans. 2000 was decided by mass deregistering, disenfranchisement, and intimidation of the state’s black voter population, combined with the Brooks Brothers Riot that halted the ballot counting long enough for the conservative SCOTUS majority to certify the election in Bush’s favor.
when strong third party campaigns force rival parties to cater to the independent vote to get over the 50% hump.
I’m not saying 3rd parties have zero influence, but they just don’t succeed frequently enough for it to be called fair. The spoiler effect is far too strong for that to happen.
we absolutely do have factions within the main two parties that have regionalized and polarized constituencies that are fighting for control of the national party apparatuses.
Absolutely. But because of the spoiler effect, the two parties are held together with glue. Reforming our electoral system would weaken that glue, and hopefully fracture them enough to make a difference.
they just don’t succeed frequently enough for it to be called fair
Statistically speaking, the majority of campaigns are going to fail. There’s one seat and, unless it is uncontested, a minimum of one losing candidate. But politics isn’t a one-and-done game. Its a game of coalition building and expanding name recognition. Starting off as a third party candidate, establishing a message and a political brand, and then canvasing your neighborhood to build up your appeal is fundamental to most successful politicians.
But because of the spoiler effect
The spoiler effect only matters to losers. If you’re the guy with the plurality of support, you’re in the best position to win.
Sometimes, the winning move is simply to carry the banner of the dominant political party (which is why you’ll have a dozen people compete for the Texas GOP gubernatorial nomination while only two or three bother trying to run as Dems). But other times, it really is about issues-based politics and name recognition.
Schwarzenegger was able to win in California by being a famous popular guy. Sanders won in Vermont by being a high profile well-respected mayor of the state’s biggest city. Joe Lieberman lost his primary but held onto his Senatorial seat back in 2006 by rallying the Democratic Party leadership around him even after he’d lost the state party nomination.
Bush beat Gore in 2000 not because of a Green Party spoiler effect (Nader actually pulled more Republicans than Democrats in the state) but because he had die-hard conservative activists willing to risk jail to shut down the recount with the Brooks Brothers’ Riot, while Al Gore’s party just kinda shrugged and gave up as soon as the Republican-leaning SCOTUS sided with the Republican candidate. Hell, the 2000s were awash with caging, disenfranchisement, gerrymandering, and outright election stealing from the top of the ballot to the bottom. Third parties didn’t have anything to do with that.
How does this limit a corporation from doing the same thing?
So a hedge fund doesn’t do it, but a specific company does the same thing and that’s fine. What am I missing?
The bill would require hedge funds, defined as corporations, partnerships or real estate investment trusts that manage funds pooled from investors, to sell off all the single-family homes they own over a 10-year period, and eventually prohibit such companies from owning any single-family homes at all.
It does include corporations. For instance the Bezos thing we’ve been hearing about the past couple days would be covered:
Arrived, a young real estate company backed by Amazon.com Inc. founder Jeff Bezos, has just announced its entry into the single-family rental fund space. Arrived currently operates a fractional real estate investing platform that has attracted nearly half a million retail investors since its launch in 2021. The platform allows these investors to purchase shares of single-family rental properties with as little as $100.
https://finance.yahoo.com/news/jeff-bezos-backed-real-estate-151102586.html
Just so it’s clear, they want to turn our homes into a mini stock market.
This bill won’t pass.
We already live in a completely fucked up dystopia, most people just haven’t realized it.
That sounds like the perfect opportunity to work in property management because the owners will be so diffuse that you could be very lazy and they would be none the wiser
Inb4 the Republicans vote it down
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Nancy Pelosi’s husband is literally one of these real estate ghouls.
Please do. I’d love to see more supply.
Home Ownership and protecting the middle class used to be phrases so often uttered by the Republicans 40 years ago that I yawned.
I’m glad to see someone pick up the gauntlet. Boggles the mind that this hasn’t become a huge political issue yet.
Now what’s the chance of this actually passing?
Via referendum? I say 80% chance of a majority.
Congress? 5% is generous
Eh maybe, I can see the attack ads now though.
Special interests in Washington want to destroy the value of your home by placing strict regulations on home ownership! Government beurocrat fat cats wants to put themselves in charge of who can and can’t buy a home! Don’t let the big wigs in Washington destroy your homes value and strangle your children’s future and their inheritance! Vote no on proposition 1! This ad paid for by free homes for all real Americans (a Koch industries subsidiary).
Never underestimate peoples ability to vote against their own interest when partisanship get involved.
With a divided Congress, the bills are unlikely to pass into law this session. But Mr. Smith said legislators needed to start a conversation.
:|
How exactly does Mr. Smith propose a conversation begin with a bunch of seditious asswipes???
It’s probably not intended for them, it’s another issue they want in the media to bring people to the polls next year
First he has to go to Washington…
Dad joke extraordinaire.
Lol
Well, yeah. That’s how politics work. Or should.
Get the issue in front of the people, get them talking. Like we are now. Give one side a chance to say, “See what we tried and got shot down!” You gotta start somewhere.
This is the first I’ve heard of such an initiative and I’m all in.
I wonder which side doesn’t want it to pass /s
Fun fact: there is always a divided congress because the ruling class just adjusts its spending on elections to ensure nothing ever gets done in our favor.
As soon as we start voting more/for better candidates, they start spending more. They haven’t even scratched the surface of how much they can spend to control the government; they don’t need to yet.
As the disparity in wealth continues to grow, they’ll just have even more money to ensure their grip for generations.
why were they ever allowed to do this? why should the system allow you to gamble on houses?
Because they saw an opportunity to fuck America again after imploding Wall St in 2007-08.
Rampant unfettered capitalism only cares about the money they can make, never about the people’s lives they destroy.
Please make it happen, it’s an important first step
Who ever tabeled this needs to run for your president. Seriously
Step in the right direction, hope some version of it gets passed.
The Republicans won’t let it happen.
I’m sure they’ll have plenty of democrats helping, too.
What about private equity?
They’re trying to get it passed, I doubt people sitting in on that vote would shoot themselves in the wallet?
Looking at companies like Blackstone, who buy up houses at auction, lightly flip them and put them back on the market as high-priced rentals. THEY’RE the big reason for the lack of affordable housing.
I mean, would it be better if we had a thousand mid-sized car dealership style house flippers rather than one singular monolith doing the same thing?
Blackstone agents are operating at a national scale in a market that’s been flush with speculators and flippers going straight back to the colonial era. The high price of real estate is the consequence of housing as a commodity. There’s no more free land to develop on the cheap and no more suburbs for young people to push out into searching for cheap new constructions. Take everyone at Blackstone out of the market tomorrow and you’ll have a hundred smaller banks lining up to repeat their formula by the end of the month.
So long as cash is cheap, housing is in demand, and REITs are a thing, you’re going to have businesses looking to profit off the difference between sale rates and rental rates as well as the gap between the prime rate and the going mortgage rate.
Did you just scoff at the idea of competition improving a market?
One big monopoly looks no different to the consumer than a cartel of mid-sized dealerships. You’re not fixing the underlying speculative demand issue, just changing the number of participants in the speculative racket.
Yes it would be better. Monopolies are bad. Near monopolies are bad. The more market power a company gains the more they can charge for no reason at all except “fuck you pay me”.
Monopolies are bad.
Cartels are equally bad. Unless you change the economic incentives in home building and real estate speculation, you are - at best - changing the discrete number of people who get to participate in the profiteering. I don’t particularly care if one national guy or fifty state guys get to ratchet up my housing prices. Big Number Goes Up all the same.
Monopolies are bad.
So are cartels.
So why are you advocating for one?
For the same reasons you are, i guess.
The solution is to make hoarding rental properties an unattractive investment. Put an escalating tax on owning multiple residences. If the 5th property is at 40% tax every year it’s no longer a money maker in a competitive market. Put the money towards tax rebates for single mortgage interest. Now you have buyers back in the market and landlords looking to sell.
Put the money towards tax rebates for single mortgage interest.
Or just use it to construct new multi-family units that are sold at cost of construction.
