America was great when Americans cared for each other and the New Deal, by Roosevelt and the Democrats, helped narrow the inequality between the rich and poor.
MAGAts don’t understand this.
America was great when Americans cared for each other and the New Deal, by Roosevelt and the Democrats, helped narrow the inequality between the rich and poor.
MAGAts don’t understand this.
Nowadays they would just sell it immediately after for more than market rate to some moron from California who thinks they’re getting a deal.
If enough of them are built it’s a non issue, why buy the one someone is trying to sell for a profit when you can buy the brand new one that is selling for less?
You could buy them faster than they are built, if you’re extremely rich.
Oh, so you just need to pass a law that these houses can only be owned by people who don’t own another house
It’s not magic
Yeah, I was just pointing out a loophole — and there are likely more.
Build enough of them and that problem will work itself out.
But you could also regulate or tax your way to making houses undesirable as investments.
They can do limited equity programs to mitigate this and other speculation. Ie. When you buy the house you agree to sell it at the inflation adjusted price you bought it at, maybe with a percent or two of appreciation as well.