▲ 49 ▼ A 'perfect storm' led to the worst year for home sales in nearly 3 decades (creditnews.com) submitted 2 years ago by RealWarrenBuffett@lemm.ee to c/news@lemmy.world 14 comments fedilink hide all child comments
[–] Fedizen@lemmy.world 26 points 2 years ago (2 children) just ban/tax corporate landlords and landlords who don't live within 5 minutes of their rental already. permalink fedilink source hideshow 4 child comments replies: [–] themeatbridge@lemmy.world 17 points 2 years ago (1 child) The immediate divestitures will tank home values, which will suck for boomers hoping their home will be their retirement account, but it will be a boon for new homebuyers everywhere. Rents will come down to earth, home values will realign with reality, and interest rates can do whatever they need to do to correct the decades of absurdly cheap money. permalink fedilink source parent hideshow 2 child comments replies: [–] GoofSchmoofer@lemmy.world 11 points 2 years ago (1 child) It would really hurt the older home owners but if we also had a well funded social security safety net then maybe older home owning Americans wouldn't be so desperate to keep housing prices high. You know use the tax money to help others that aren't billionaires permalink fedilink source parent hideshow 2 child comments replies: [–] themeatbridge@lemmy.world 15 points 2 years ago (1 child) Almost like all of our problems are interconnected to rich people somehow... permalink fedilink source parent hideshow 2 child comments replies: [–] NegativeInf@lemmy.world 3 points 2 years ago Eat the rich and use their bones for fertilizer. permalink fedilink source parent [–] Iamdanno@lemmynsfw.com 4 points 2 years ago (1 child) Within 5 minutes based upon what? Walking, driving? What time of day? You'd have to use a distance instead. permalink fedilink source parent hideshow 2 child comments replies: [–] Fedizen@lemmy.world 0 points 2 years ago (1 child) walking, of course permalink fedilink source parent hideshow 2 child comments replies: [–] Iamdanno@lemmynsfw.com -3 points 2 years ago* So, when is that determined? Under optimal conditions? Rush-hour? Snowstorm? If an 80 year old is being impacted more than a 30 year old, there will be discrimination lawsuits. It's so much easier to put it on a distance.youll never get it passed if it's stupid at face value. Also, if I co-own my house with the mortgage company until it's paid off, does that mean my mortgage company can only write mortgages on houses within walking distance of their office? Who is walking? The CEO, the loan officer? Do they hire a speed-walker from the Olympics to increase their lending area? permalink fedilink source parent
[–] themeatbridge@lemmy.world 17 points 2 years ago (1 child) The immediate divestitures will tank home values, which will suck for boomers hoping their home will be their retirement account, but it will be a boon for new homebuyers everywhere. Rents will come down to earth, home values will realign with reality, and interest rates can do whatever they need to do to correct the decades of absurdly cheap money. permalink fedilink source parent hideshow 2 child comments replies: [–] GoofSchmoofer@lemmy.world 11 points 2 years ago (1 child) It would really hurt the older home owners but if we also had a well funded social security safety net then maybe older home owning Americans wouldn't be so desperate to keep housing prices high. You know use the tax money to help others that aren't billionaires permalink fedilink source parent hideshow 2 child comments replies: [–] themeatbridge@lemmy.world 15 points 2 years ago (1 child) Almost like all of our problems are interconnected to rich people somehow... permalink fedilink source parent hideshow 2 child comments replies: [–] NegativeInf@lemmy.world 3 points 2 years ago Eat the rich and use their bones for fertilizer. permalink fedilink source parent
[–] GoofSchmoofer@lemmy.world 11 points 2 years ago (1 child) It would really hurt the older home owners but if we also had a well funded social security safety net then maybe older home owning Americans wouldn't be so desperate to keep housing prices high. You know use the tax money to help others that aren't billionaires permalink fedilink source parent hideshow 2 child comments replies: [–] themeatbridge@lemmy.world 15 points 2 years ago (1 child) Almost like all of our problems are interconnected to rich people somehow... permalink fedilink source parent hideshow 2 child comments replies: [–] NegativeInf@lemmy.world 3 points 2 years ago Eat the rich and use their bones for fertilizer. permalink fedilink source parent
[–] themeatbridge@lemmy.world 15 points 2 years ago (1 child) Almost like all of our problems are interconnected to rich people somehow... permalink fedilink source parent hideshow 2 child comments replies: [–] NegativeInf@lemmy.world 3 points 2 years ago Eat the rich and use their bones for fertilizer. permalink fedilink source parent
[–] NegativeInf@lemmy.world 3 points 2 years ago Eat the rich and use their bones for fertilizer. permalink fedilink source parent
[–] Iamdanno@lemmynsfw.com 4 points 2 years ago (1 child) Within 5 minutes based upon what? Walking, driving? What time of day? You'd have to use a distance instead. permalink fedilink source parent hideshow 2 child comments replies: [–] Fedizen@lemmy.world 0 points 2 years ago (1 child) walking, of course permalink fedilink source parent hideshow 2 child comments replies: [–] Iamdanno@lemmynsfw.com -3 points 2 years ago* So, when is that determined? Under optimal conditions? Rush-hour? Snowstorm? If an 80 year old is being impacted more than a 30 year old, there will be discrimination lawsuits. It's so much easier to put it on a distance.youll never get it passed if it's stupid at face value. Also, if I co-own my house with the mortgage company until it's paid off, does that mean my mortgage company can only write mortgages on houses within walking distance of their office? Who is walking? The CEO, the loan officer? Do they hire a speed-walker from the Olympics to increase their lending area? permalink fedilink source parent
[–] Fedizen@lemmy.world 0 points 2 years ago (1 child) walking, of course permalink fedilink source parent hideshow 2 child comments replies: [–] Iamdanno@lemmynsfw.com -3 points 2 years ago* So, when is that determined? Under optimal conditions? Rush-hour? Snowstorm? If an 80 year old is being impacted more than a 30 year old, there will be discrimination lawsuits. It's so much easier to put it on a distance.youll never get it passed if it's stupid at face value. Also, if I co-own my house with the mortgage company until it's paid off, does that mean my mortgage company can only write mortgages on houses within walking distance of their office? Who is walking? The CEO, the loan officer? Do they hire a speed-walker from the Olympics to increase their lending area? permalink fedilink source parent
[–] Iamdanno@lemmynsfw.com -3 points 2 years ago* So, when is that determined? Under optimal conditions? Rush-hour? Snowstorm? If an 80 year old is being impacted more than a 30 year old, there will be discrimination lawsuits. It's so much easier to put it on a distance.youll never get it passed if it's stupid at face value. Also, if I co-own my house with the mortgage company until it's paid off, does that mean my mortgage company can only write mortgages on houses within walking distance of their office? Who is walking? The CEO, the loan officer? Do they hire a speed-walker from the Olympics to increase their lending area? permalink fedilink source parent