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50 sats \ 5 replies \ @siggy47 OP 7 Jan \ parent \ on: Blackstone Craters After Trump Teases Institutional Ban On Single-Family Homes Politics_And_Law econ Stacker_Stocks

I think because they want to.

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46 sats \ 4 replies \ @kepford 7 Jan

LOL,

I was thinking... there is artificial scarcity in the market. Its a very good place to park money since it is insane to do so in many other assets. Banning them seems to me to be a pretty blunt approach and those types of approached tend to have bad consequences.

And plenty of home owners LIKE the cost of housing being high because of how they view their house. As a savings account. That is the deeper problem.

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120 sats \ 3 replies \ @siggy47 OP 7 Jan

In fact I'm sure that's why Blackstone started this post 2008. Single family homes are a store of value. Whether that is as it should be is another question. It is an entity acting in its own self interest.

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48 sats \ 2 replies \ @kepford 7 Jan

Indeed. And if I don't like it, there ought to be a law!

It gets old watching the same movie over and over again. State intervention in markets causes massive problem. Solution? More intervention. The cause? Capitalism.

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74 sats \ 1 reply \ @siggy47 OP 7 Jan

Exactly. I really think Trump makes things worse with these proclamations. Most people consider him a Republican, whatever that means anymore anyway, so these soviet like centrally planned proclamations become associated with the right.

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36 sats \ 0 replies \ @Cje95 7 Jan

Yeah he isnt a Republican. MAGA Republicans are like Conservative Democrats they say one thing and do the opposite.

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