Comment on Wall Street has spent billions buying homes. A crackdown is looming.

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wintermute_oregon@lemm.ee ⁨7⁩ ⁨months⁩ ago

I don’t really wish ill on anyone but I would love for the housing market to just tank.

The problem is someone would want to bail them out.

I am against corporate bailouts excluding true emergencies like COVID.

Otherwise, let them fail. The job of the ELT is run the company and prepare for bad times and good times. If they didn’t prepare, fuck them.

A house is not a standard investment. It is where you live. I don’t mind investment apartments or “condos” or even a few rental homes. My issue is the large amount of money PE can summon to destroy things.

It is why I couldn’t vote for Romney. He made his fortune by destroying things and not creating things. I am not a huge fan of Musk as a person but I respect he has created well paying jobs. For that, I salute him. We need less Romney’s in the world and more people like Musk.

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