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14 members (JD53, odocoileus, Thread Killer, fish251, mcninja, Bglen, Jweeks, BamaGuitarDude, RCHRR, CAL, buzzard, BrandonClark, 2 invisible),
624
guests, and
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Key:
Admin,
Global Mod,
Mod
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Joined: Aug 2001
Posts: 81,844 Likes: 513
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 81,844 Likes: 513 |
https://x.com/KobeissiLetter/status/2008958750338531461 BREAKING: President Trump says he is immediately taking steps to ban large institutional investors from buying single-family homes.
"People live in homes, not corporations," Trump says.I'm sure Congress will find a way to screw up the idea.
"Never Trust Government" -- Smart people.
"The Great thing we should Fear and the Weird Thing we Trust is Elon Musk" -- Me
"You can be broke but you cant be poor." -- Ruthie-May Webster
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1 member likes this:
UncleHuck |
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Joined: Oct 2022
Posts: 4,064 Likes: 68
Management Spike
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Management Spike
Joined: Oct 2022
Posts: 4,064 Likes: 68 |
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Joined: Aug 2013
Posts: 15,088 Likes: 149
Old Mossy Horns
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Old Mossy Horns
Joined: Aug 2013
Posts: 15,088 Likes: 149 |
That should bring home prices back down to earth.
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Joined: Nov 2014
Posts: 14,858 Likes: 33
Puts sugar in his cornbread!
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Puts sugar in his cornbread!
Joined: Nov 2014
Posts: 14,858 Likes: 33 |
That should bring home prices back down to earth. I doubt it.
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Joined: Aug 2001
Posts: 81,844 Likes: 513
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 81,844 Likes: 513 |
That should bring home prices back down to earth. I doubt it. An army of lobbyists just booked plane tickets to Washington DC to keep that from happening.
"Never Trust Government" -- Smart people.
"The Great thing we should Fear and the Weird Thing we Trust is Elon Musk" -- Me
"You can be broke but you cant be poor." -- Ruthie-May Webster
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Joined: Aug 2013
Posts: 15,088 Likes: 149
Old Mossy Horns
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Old Mossy Horns
Joined: Aug 2013
Posts: 15,088 Likes: 149 |
That should bring home prices back down to earth. I doubt it. An army of lobbyists just booked plane tickets to Washington DC to keep that from happening. That's how you know it absolutely needs to happen.
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Joined: Aug 2001
Posts: 81,844 Likes: 513
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 81,844 Likes: 513 |
Blackstone stock (not Blackrock) just tanked on Trump's announcement. Buying up single family homes is the anchor of their business. https://x.com/KobeissiLetter/status/2008963052222468541
"Never Trust Government" -- Smart people.
"The Great thing we should Fear and the Weird Thing we Trust is Elon Musk" -- Me
"You can be broke but you cant be poor." -- Ruthie-May Webster
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Joined: Aug 2013
Posts: 15,088 Likes: 149
Old Mossy Horns
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Old Mossy Horns
Joined: Aug 2013
Posts: 15,088 Likes: 149 |
Exactly. I hope he sinks them. Several big hedge funds are in it.
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Joined: Oct 2022
Posts: 4,064 Likes: 68
Management Spike
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Management Spike
Joined: Oct 2022
Posts: 4,064 Likes: 68 |
In my adult years I've learned to hate large corporate America in many ways. They are so intertwined with the evil and corruption of DC. Hopefully Trump will sink their sorry butts on this issue. Corporate home buying is so counter to the American dream.
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Joined: Nov 2011
Posts: 22,603 Likes: 22
Freak of Nature
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Freak of Nature
Joined: Nov 2011
Posts: 22,603 Likes: 22 |
One of the many reasons I'm not a laissez faire "libertarian".
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Joined: Oct 2001
Posts: 27,998 Likes: 85
Freak of Nature
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Freak of Nature
Joined: Oct 2001
Posts: 27,998 Likes: 85 |
Well that impacts my moving to GA/AL or SC plans. House prices may drop 30% over the next 3 months.
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Joined: Nov 2011
Posts: 22,603 Likes: 22
Freak of Nature
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Freak of Nature
Joined: Nov 2011
Posts: 22,603 Likes: 22 |
Well that impacts my moving to GA/AL or SC plans. House prices may drop 30% over the next 3 months. They won't drop any in 3 months 
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Joined: Aug 2001
Posts: 81,844 Likes: 513
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 81,844 Likes: 513 |
Well that impacts my moving to GA/AL or SC plans. House prices may drop 30% over the next 3 months. They won't drop any in 3 months It wont drop at all. Trump is asking congress to get involved so it will really just lock in high prices with a government mandate.
"Never Trust Government" -- Smart people.
"The Great thing we should Fear and the Weird Thing we Trust is Elon Musk" -- Me
"You can be broke but you cant be poor." -- Ruthie-May Webster
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Joined: Jan 2022
Posts: 4,220 Likes: 162
10 point
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10 point
Joined: Jan 2022
Posts: 4,220 Likes: 162 |
My stock tip.....buy the hell out of whatever this is......hell change his mind tomorrow and it will go right back up!
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Joined: Jul 2001
Posts: 8,430 Likes: 7
14 point
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14 point
Joined: Jul 2001
Posts: 8,430 Likes: 7 |
That would be great but I am sure that Congress will be lobbied hard by the likes of BlackRock to pass something to legalize it.
�Because a well regulated Militia is necessary to
the security of a free State, the right of the people to keep
and bear Arms shall not be infringed.�
-Justice Scalia, June 26, 2008
NRA Life Member
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Joined: Jan 2005
Posts: 17,376 Likes: 203
Old Mossy Horns
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Old Mossy Horns
Joined: Jan 2005
Posts: 17,376 Likes: 203 |
Not sure he has the power to be unilaterally making those calls. I don't think it would be a bad thing at all. But he's likely not got that power. I'm not a fan of the power of executive orders on businesses or everyday life in America.
Against foreign powers, sure. Pardons, sure. But I've never been a fan of that power regardless of what the sitting presidents choose to do with it. It should go through congress, where I prefer gridlock if possible.
But I can't argue it's a problem. I'm neck deep in that industry and see the damage it causes.
I'd much rather put a squash on foreign countries owning American property of any sort. Most countries don't allow non-citizens to own land and many don't even allow non-citizens to have jobs if their citizens can fill those jobs.
We need to be doing the same.
Last edited by Fattyfireplug; 01/07/26 03:27 PM.
Character is not developed in moments of temptation and trial. That is when it is intended to be used.
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1 member likes this:
ferbama |
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Joined: Mar 2018
Posts: 12,458 Likes: 26
Booner
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Booner
Joined: Mar 2018
Posts: 12,458 Likes: 26 |
In my adult years I've learned to hate large corporate America in many ways. They are so intertwined with the evil and corruption of DC. Hopefully Trump will sink their sorry butts on this issue. Corporate home buying is so counter to the American dream. Most of it isn’t your America corporate at all… it is Foreign Corporate
Last edited by Ridge Life; 01/07/26 03:48 PM.
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Joined: Aug 2013
Posts: 15,088 Likes: 149
Old Mossy Horns
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Old Mossy Horns
Joined: Aug 2013
Posts: 15,088 Likes: 149 |
Well that impacts my moving to GA/AL or SC plans. House prices may drop 30% over the next 3 months. They won't drop any in 3 months They've already dropped some in the last couple of months.
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Joined: Jun 2015
Posts: 15,383 Likes: 77
Old Mossy Horns
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Old Mossy Horns
Joined: Jun 2015
Posts: 15,383 Likes: 77 |
It’s concerning how much the age has increased on first time home buyers age.
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Joined: Aug 2001
Posts: 81,844 Likes: 513
GUVNER
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GUVNER
Joined: Aug 2001
Posts: 81,844 Likes: 513 |
It’s concerning how much the age has increased on first time home buyers age. That is the big concern. Its 40 for the average first time home buyer.
"Never Trust Government" -- Smart people.
"The Great thing we should Fear and the Weird Thing we Trust is Elon Musk" -- Me
"You can be broke but you cant be poor." -- Ruthie-May Webster
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