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115 points harambae | 1 comments | | HN request time: 0.194s | source
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vondur ◴[] No.46208742[source]
I just watched a video from Dave Ramsey title "What the Government Should Do to Fix the Housing Problem" He specifically calls out Institutional Investors and Foreign Corporations that have been purchasing single family housing and converting them into rental properties. I think he makes some good point in his video: https://youtu.be/_CrgniwSLLM
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jeffbee ◴[] No.46209376[source]
Why do you think that renters don't deserve to live in single-family homes?
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MetaWhirledPeas ◴[] No.46209650[source]
Not at all what the GP said.

They aren't saying landlords are the problem, they are saying Institutional Investors and Foreign Corporations being landlords are the problem.

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jeffbee ◴[] No.46209895[source]
There is absolutely nothing wrong with institutional investors buying tract homes and renting them out. Nothing! It brings the benefits of living in such homes to people who otherwise would be excluded from them by the financial credit system.
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gnatman ◴[] No.46210181[source]
The article linked in the OP, and many posters in this thread, present arguments to the contrary. The main one seems to be that although institutional investors are happy to let people “benefit” from renting their homes, they are precluding many from ever owning those homes themselves.
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jeffbee ◴[] No.46210693[source]
I understand the arguments, and I understand that they are morally vacuous arguments. It is simply an advancement of the interests of the bourgeoisie. They are annoyed that renters are effectively able to influence the market, even if by the second degree through large-scale renting. They believe that having scraped together a quarter million dollars for the down payment makes them a special class of people. It is a stupid position to defend.
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1. AnthonyMouse ◴[] No.46210872[source]
> It is a stupid position to defend.

Doubly so when they themselves lobby for policies that keep housing prices high, which is the primary thing preventing more people from owning rather than renting.