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115 points harambae | 1 comments | | HN request time: 0s | 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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tptacek ◴[] No.46211024[source]
Wait, you're not answering his question. "Institutional investors" rent out houses at a scale individual owners can't, and have more resources to maintain those properties and respond to renter complaints. Why isn't a carefully-regulated market of institutional single-family-home lenders a good thing?
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jfindper ◴[] No.46212171[source]
>Why isn't a carefully-regulated market of institutional single-family-home lenders a good thing?

Is there a good example of this?

Every corporation I've rented from have all fought me tooth and nail when I needed maintenance and did basically everything possible to ignore any and all complaints (because it costs them money, obviously). I have had to have a lawyer send a letter on my behalf more than once.

But that's just my experience, which has jaded me. Perhaps you can show me a non-hypothetical example of the other side and open my eyes up a bit? Any countries, laws, specific corporations which demonstrate a carefully-regulated market of institutional single-family-home lenders I should look at?

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tptacek ◴[] No.46212216[source]
It has not been my experience that individual owner landlords have been better than institutional owners!

Anyways, I was just calling out that your logic didn't appear to hold. The right response to the comment that roots this subthread is "institutional landlords are not generally a thing". Again: the median number of properties a California corporate landlord lets out is 1.

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1. Timon3 ◴[] No.46216304[source]
Not sure the median makes sense for this argument. Say 51% of corporate landlords let out 1 property, and 49% let out 100 - most people will live in a property owned by the 49%. The absolute number of landlords in the 51% would be mostly meaningless.