Private investment firms are already dropping inventory. It’s sad to say but housing has become a pump and dump somehow. The unfortunate thing is the people who get rugged will end up being people who bought from them.
25% of Housing Purchases in 2023 were Private Investors
Submitted 9 months ago by theHRguy@lemmy.world to videos@lemmy.world
HootinNHollerin@lemmy.world 9 months ago
100% should be people who will live in the house, no less.
Dark_Arc@social.packetloss.gg 9 months ago
I think there’s a reasonable argument for local (and responsible) landlords to exist. Not everyone wants to be tied down to a property or have to worry about repairs.
OmnislashIsACloudApp@lemmy.world 9 months ago
I can kind of get behind like Grandma renting out a house that she spent 30 years paying off so that she isn’t starving on social security alone kind of stuff.
maybe like an allowance that an individual could at most have one home there renting out. there should also be significant controls about the price of rent, maybe tied to the price of home purchases so that renters could not get screwed paying more than they would have had to pay to buy the place.
but in my opinion no corporation should be able to rent homes.
honestly even apartments should be required to have a lease own option that is not significantly different cost than renting.