Comment on Wall Street has spent billions buying homes. A crackdown is looming.
alilbee@lemmy.world 6 months ago
I guess my question to the OP and any other conservatives here (which I am not, to be up front) is: why is this something you want to solve? I don’t see how regulating this would be in line with conservative principles at all. Wouldn’t the conservative approach to be trusting the free market to eventually right any wrongs brought about?
wintermute_oregon@lemm.ee 6 months ago
Then you don’t understand conservatives well.
Libertarians are all about the free market. Conservatives are about a fair market with light regulations. Also the family is a core concept of conservatism. People owning homes is good for the family. It’s a solid way to build generational wealth.
alilbee@lemmy.world 6 months ago
I would say that it aligns with a broad view of conservatives but not so much the conservative tradition in America, which has historically been fairly libertarian in their approach to the market. Regardless your reply makes sense, so I appreciate it. Sounds like one of those rare items of alignment between our political factions!
wintermute_oregon@lemm.ee 6 months ago
Most conservative I know and many are extreme far right don’t support PE buying sfh homes. This seems to be a topic that most people agree on. The American dream is owning a home, among other things but a core concept is home ownership. PE steals that dream from many Americans.
BobaFuttbucker@reddthat.com 6 months ago
Yep. In the name of profit.
This is why qualitative things (housing, food, education, healthcare, etc.) have no place in a free market. It becomes about the money more than the thing itself which benefits society. Therefore with the expectation of unlimited short term growth the benefit to society is minimized to maximize growth.
This housing situation you’ve caught on to is just one aspect of this out of many.