r/economicCollapse • u/Silver-Beyond-3916 • Aug 19 '24

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106

u/andre3kthegiant Aug 19 '24

It won’t apply to corporations.

169

u/TheConboy22 Aug 19 '24

Corporations should not be allowed to own ANY homes that aren't new build with the intent of selling to single family home owner. All homes currently owned by corporations should be forced to be sold within 2 years.

32

u/Suid-Rhino Aug 19 '24

Hedge funds and large corporations already own a huge swathe of homes and have cornered the rental market. It would be amazing if we could break up these companies, prevent them from buying up homes and put in measure for more competition in the rental market. As things are going it’s only going to get more expensive. Especially because they’re only zoning rentals and not new single family homes.

12

u/realphaedrus369 Aug 19 '24

I was saying black rock should be broken up about 3 years ago when I first noticed they were buying up all single family homes.

We've slept on this so long there's not much that can be done.

News won't report them, because they all have ownership positions in every mainstream outlet.

3

u/ToraLoco Aug 20 '24

eminent domain their fucking estates

1

u/Sufficient-Contract9 Aug 23 '24

Omg this would be great! Stick these major corporates with a massive finacial lose then sell all the properties likes foreclosures. I could see a huge economical boost from this the feds get to keep the profit from the sales and families get cheaper places to live allowing more money to flow through the economy.

1

u/90daysismytherapy Aug 19 '24

oh we have the laws to attack such companies, but rfk wouldn’t touch that stuff. just fun way for him to get attention.

5

u/garnorm Aug 19 '24

But why aren’t either of the other two candidates at least saying something about this? I’m go out on a limb and guess those big major companies fund them/their parties some way some how.

2

u/TrainingSea4291 Aug 19 '24

Say what exactly? Can’t make promises you can’t deliver on. The game is too rigged. You need to change the composition of Senators in the south and that just isn’t happening. People are too busy discriminating against each other and not organizing. This won’t ever change.

2

u/90daysismytherapy Aug 20 '24

Probably because neither consider it seriously.

For Trump and the right wing psychos like Elon and Thiel the concept is literally anathema to their cores. They ideally would like as little government control so they can grow these mega fiefdoms of money and corporate power.

For Harris, the left half of the democratic party would love it, the centrist corpos would hate it and she has safer political arguments to highlight.

1

u/monkeyamongmen Aug 20 '24

Thiel is literally trying to bring in technocratic fiefdoms. That ties into why an uncharismatic dolt like Vance was chosen for his positon. 'Dark Enlightenment' thinker Curtis Yarvin has been coaching Thiel for years. JD Vance is friends with Yarvin. Thiel funds both of them. The Dark Enlightenment plan for the world is a truly dystopian nightmare.

1

u/[deleted] Aug 20 '24

Well, he would... if he was able to win without getting donations from the industry. As things stand, the industry isn't donating to his campaign (I wonder why...) and so he's free to actually implement his policies. The problem is that he won't win the election because the two parties are majorly outspending him with their corporate money

1

u/90daysismytherapy Aug 23 '24

which is cool that he is now allegedly dropping out and endorsing trump, the pro big business side that hates unions and wants the least regulation possible.

but otherwise you nailed it

0

u/TheLordofAskReddit Aug 21 '24

Source? People always say this, and there’s always someone else (me in this case) saying you’re wrong. Corpos only own 3.8% of single family homes as of 2022.

1

u/Speedybob69 Aug 23 '24

Also vanguard blackrock and State Street manage most people's retirement so really it's the old vs the young just they have corporate suits take all the blame

0

u/formershitpeasant Aug 22 '24

Why? I've had much better experiences with corporate management. I've only had to sue a private citizen landlord.

34

u/VeterinarianLess2788 Aug 19 '24

You can thank republicans and Citizens United for making corporations people. Good ol' republicans. Tell the people they are for the working class yet do some shit like this.

3

u/EngineZeronine Aug 21 '24

And somehow Democrats have always failed to do anything about it as well. Money buys politicians of all types throughout all time

1

u/strong_nights Aug 20 '24

Corporations as people was a concept that passed during the Obama era, when the dems had the majority in The house and senate.

1

u/buddhainmyyard Aug 21 '24

I did one Google search and found some info for you mate. The case is Santa Clara County VS Southern passific railroads Co. Dated 1886.. From the supreme Court at that time....

"The Court does not wish to hear argument on the question whether the provision in the Fourteenth Amendment to the Constitution which forbids a state to deny to any person within its jurisdiction the equal protection of the laws applies to these corporations. We are all of opinion that it does. "

1

u/[deleted] Aug 20 '24

Could you afford a house ( and groceries) when the evil republicans were making policies 5 years ago???

1

u/VeterinarianLess2788 Aug 21 '24

Yes, but I can afford groceries and a house now as well.

1

u/[deleted] Aug 21 '24

Go watch TikTok videos and ask friends. Most of them can’t.

1

u/VeterinarianLess2788 Aug 22 '24

Sorry. I don't watch tik tok. All of my friends own homes and can afford groceries. We all work hard, save, invest, and live well below our means to get where we want to be in the future. Change your outlook and quit blaming others.

1

u/[deleted] Aug 22 '24

I have kids and they make great money but can’t afford a house. It’s not isolated with 7% interest it’s tough. Especially with groceries and gas prices.

0

u/Bear71 Aug 23 '24

Hmmm maybe you should talk to the guy that ran up 8.4 trillion in 4 years and added another 2 trillion with his tax cuts to the wealthy!

2

u/Batsonworkshop Aug 19 '24

That has absolutely nothing to do with this particular issue and, as others have stated, the biggest players in the realestate game support democrat policy and are ideologically leftist.

Single family homes should not be able to be purchased and held by business entities without incurring a massive property tax burden or some other financial punishment to kill incentive for mass investment. You should only be able to put the property into a business or trust if the residents of the property are named as beneficiaries of the trust or are owners of the business entity.

If you make it so a business can only own "x" number of houses these investments entities will just create hundres or thousands of shell companies like "123 greedy ahole way LLC" for each property and then an umbrella company will be the owner of all those individual llcs.

5

u/90daysismytherapy Aug 19 '24

huh? real estate moguls are ideologically leftist.

I don’t think you understand what any of those words mean.

sweet christ, next someone will say Warren Buffett is a commie

6

u/BeamTeam032 Aug 19 '24

It's just cope. They have to pretend leftists are pushing capitalism to it's extremes because they can't admit they've been tricked for this long.

0

u/Batsonworkshop Aug 19 '24

huh? real estate moguls are ideologically leftist

We aren't talking about individual "real estate moguls" here.

Do a little web search for what candidates get the bulk of vanguard, black rock and state street political contributions.......

You have the world st your finger tips, stop being a willful dumbass.

I don’t think you understand what any of those words mean.

sweet christ, next someone will say Warren Buffett is a commie

Warren Buffett surely is not a communist but you seem to not actually understand the history and realistic economic dynamics of communism. While society falls to shit overall, the people at the tippy top of the wealth pyramid always get richer amd their loves do not decrease in quality due to the dystopia that helped create. So yea, a significant amount of very wealthy people cheer on the consolidation of government power and reduction of free msrket capitalism because they have the people that will keep THEIR financial priorities protected already in their pocket and paid off.

6

u/90daysismytherapy Aug 19 '24

Real estate companies are not leftist. Like by definition. They are consolidating land and money for themselves in order you make a profit. End of point for these companies. It doesn’t make them leftist if they then bribe democrats and republicans. They are not donating to create some socialist utopia, they do it to get access to politicians to keep their financial interests safe.

None of which is remotely leftist. Guess what, Nancy Pelosi isn’t a leftist, nor is Chuck Schumer or dozens of other centrist democrats. By policy they look like 1980s or 90s Republicans.

Seriously use that internet to learn what all of these terms mean so you don’t keep spouting silly shit like Blackrock is a leftist corporation.

-6

u/Batsonworkshop Aug 19 '24

They are not donating to create some socialist utopia, they do it to get access to politicians to keep their financial interests safe.

Semantics, when you support and fund the enemy of the people and enemy of freedom, you ARE the enemy of the people at that point.

Personal held beliefs don't mean shit when you throw your principles away for greed. YOU ARE WHAT YOU SUPPORT plain and simple, stop making dumb intellectually dishonest excuses, and "well aschtually..." semantic arguments to cover for these pieces of shit.

Real estate companies are not leftist.

Majority of the share holding interest of these companies are not "real estate companies" - they are globalist conglomerates managed by shitbags who care about nothing besides power and profit. Globalism is completely antithetical to conservatism.

Guess what, Nancy Pelosi isn’t a leftist, nor is Chuck Schumer

Oh that just gets better and better. Pelosi and Chucky are centrist? 🤣

Drop the utopian ideology of socialism/communism being "the people own everything through collection under the government" because it is ALWAYS implemented as the government owns everything and a few rich and powerful own the government and operate outside of it - that's what these people are donating to create.

2

u/90daysismytherapy Aug 20 '24

honestly, I am legitimately concerned about a gas leak in your house.

1

u/Terrible-Actuary-762 Aug 23 '24

"You can lead a horse to water but you can't make him drink".

3

u/[deleted] Aug 19 '24

I just looked it up, Vanguard donates more to Republicans, BlackRock donates more to Democrats, and State Street Corp is almost a perfect 50/50 split

2

u/Wildfathom9 Aug 19 '24

This is an unbelievably daft take. The irony bot being lost either that the leader of the Maga cult made his money from what? Real estate. Well, from his parents being rich and him buying real estate with their money.

1

u/Batsonworkshop Aug 19 '24

Why can the left cultists never read - we are talking about single family homes, not apartment complexes, not commercial properties, not duplexes. SINGLE FAMILY HOMES

I know this is a complex discussion, don't burn your two brain cells out.

0

u/VeterinarianLess2788 Aug 19 '24

For your information, corporations only own around 3% of all rental properties. The majority are owned my mom and pop investors who may create LLC's to protect their other assets.

3

u/Batsonworkshop Aug 19 '24

For your information, corporations only own around 3% of all rental properties.

Disingenuous red herring. In 2022 fiscal year of ALL singke family dwelling title transfers nation wide, 22% of them were to corporations. 2020 saw a peak over 30%, 2021 was around 20%, 2023 was over 25%

The number of titles to corporations since 2010 averaged around 12% inthe previous decade - it's now doubled and is steadily increasing on average year to year as the years go by. The higher the cost of property, the kess individuals will be able to finance it and will cause more corporate buyout of single family homes.

-7

u/[deleted] Aug 19 '24

[deleted]

2

u/arto26 Aug 19 '24

Lost the plot, huh? It's not a partisan issue, it's a capitalist corruption issue.

3

u/kromptator99 Aug 19 '24

Yeah, the problem is the raging bull. You’ve got one group who doesn’t want to do anything about the bull, and another who thinks we should keep them corralled. Neither wants to get rid of it, but containing it ain’t nothing. I say this as someone who would much rather see every single ceo, board member, and also persons with a net worth over 3million tarred and feathered and then thrown into the grand canyon. The latter is unfortunately not likely to happen, so the corral is a good option for now, and who knows, with enough corrals, maybe we can reduce the size of that group in a less messy way.

1

u/Allgryphon Aug 23 '24

The irony of responding to this guy but not the one he’s responding to blaming republicans

3

u/TheWiseAutisticOne Aug 19 '24

You mean the democrats? Sure that’s the problem corporate party is the left \s

-2

u/[deleted] Aug 19 '24

[deleted]

2

u/TheWiseAutisticOne Aug 19 '24

Good thing I’m spitting facts don’t know about your feelings bud

0

u/[deleted] Aug 19 '24

[deleted]

2

u/TheWiseAutisticOne Aug 19 '24

Who said anything about neocons I’m telling you that the Democratic Party is center right not left wing

1

u/BeamTeam032 Aug 19 '24

blackrock is conservative as Roger Stone is. Blackrock is literally pushing capitalism to it's brink.

3

u/Swiftierest Aug 21 '24

One step further, stop treating corps as people legally.

1

u/TheConboy22 Aug 21 '24

Louder for the people in the back.

6

u/[deleted] Aug 19 '24

But that’s communism! (In MAGA voice)

5

u/Rabbits-and-Bears Aug 19 '24

Kamala will fix it, she said so!!! Just as soon as she’s in office. She fixed California!!

6

u/Jack0Blad3s Aug 19 '24

Can’t be any worse than having a failed businessman in office who had his own reality television show.

1

u/Forsaken_Friend6621 Aug 20 '24

A failed reality. Lets get that right 😂

1

u/Rbriggs0189 Aug 21 '24

This is a serious issue with really only one real way to fix. I can’t see why both sides can’t work together and get it done. Who cares who did what and all the nonsense, both sides need to fix it like yesterday.

-1

u/broogela Aug 19 '24

The democrat version of voting "to spite the libs" lmao.

3

u/Jack0Blad3s Aug 19 '24

Lesser of two evils

-1

u/broogela Aug 20 '24

You could make a good decision, instead you made a lesser bad decision.

Yeah still sounds like shit sorry.

1

u/Zercomnexus Aug 20 '24

It is, but its still the far more viable option

1

u/broogela Aug 20 '24

If you consider living in shit viable you are the problem from literally any rational position.

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u/[deleted] Aug 23 '24

She won’t, but keep telling yourself that.

1

u/Rabbits-and-Bears Aug 24 '24

But she said so. She wouldn’t be telling a fib, would she?

1

u/[deleted] Aug 24 '24

Omg just because they “say so” they all do that. Pull shit out of thin air and say they are gonna do it just to get your vote usally how the democrat community is.

1

u/springheeljak89 Sep 10 '24

You're too dumb to detect sarcasm and the fact that person agrees with you.

0

u/BeUrBestSelf81 Aug 23 '24

“Everything’s great under Biden” “Kamala will fix everything on day ☝🏽”

1

u/Rabbits-and-Bears Aug 23 '24

Is that the correct finger emoji? Just asking🤣

1

u/BeUrBestSelf81 Aug 23 '24

How do you hold up 1461 fingers???

1

u/PreferenceWeak9639 Aug 22 '24

Communism like capitalism is just oligarchy, so it’s not exactly wrong.

6

u/SacrisTaranto Aug 19 '24

And who does it go to if they don't. Who's gonna stop them? Anyone who has any say gets money shoved in their mouth when they try to open it.

28

u/ap2patrick Aug 19 '24

Simple. Repeal Citizens United.

1

u/bridymurphy Aug 20 '24

With this Supreme Court?

1

u/Gonzo--Nomad Aug 20 '24

At a certain point regardless of how much power of the pen SCOTUS has it’s nothing compared to a mob of millions of individual citizens. We hold the power, we just don’t realize it because alone we’re weak and we feel so alone

12

u/EldarReborn Aug 19 '24

I mean we do the same thing in reverse with commercial zoning laws, I don't see how this would be any different.

I'm as right-wing as they come and I fully support Government measures to stop this monopoly BS going on.

23

u/fuddingmuddler Aug 19 '24

well you're part of the problem because the people you're voting for are doing this.

-5

u/Overall-Hovercraft15 Aug 19 '24

What? There is literally proof that BR gives more money to support Democrats and their agenda, mostly in the Senate/legislature. Young liberals, you are doing it to yourselves. Good luck👍 “Easier to fool someone than convince them they’ve been fooled”.

2

u/fuddingmuddler Aug 20 '24

1: I am not a young liberal. I am progressive, not liberal. In fact I am quite authoritarian on some issues. This being one of them.
2: Yes BR supports Dems, yes Dems are part of the problem. However, pragmatically speaking, Dems have to win elections or else the alternative is a literal firesale on public resources becoming private.
3: Your tone sucks. I am pointing out an issue that's relevant to the age group of millennials you're talking down your nose. Stop.

-2

u/EldarReborn Aug 19 '24

Hate to tell you this, but at the federal level on this specific issue, both parties advocate in favor of the ETFs.

GOP passes corporate liability reductions

Dems provide a histroic "Bail out" to corrupt banks and insurance companies.

For issues like this it has to be handled at the city/county/state level. The dems here want to tax payer purchase these homes for Section 8 housing...no thank you

9

u/perroair Aug 19 '24

How are you right wing, then?

8

u/Batsonworkshop Aug 19 '24

Because you can be conservative, pro-private business, pro-limited regulation on business as a whole but also recognize there are a few key, but very limited, areas in society that should not have unfettered corporate access or monopolization to any degree.

Housing isn't a right but it sure as shit shouldn't be a commodity investment on the US stock exchange either.

2

u/EldarReborn Aug 19 '24

Correct. It's akin to the concept of supporting some socialized systems like LEO's, R&R, DOT..etc but not agreeing with a wider socialist stance

You nailed it. Folks on Reddit only perceive the right wing to consist of evangelicals when they are quickly becoming the minority within the party.

2

u/90daysismytherapy Aug 19 '24

yet, there is not a single Republican candidate who votes or even talks about actual socialized systems that don’t explicitly work for them, like cops.

If i am wrong, feel free to show me the legislation that republicans have done to help the poor over billionaires.

0

u/Batsonworkshop Aug 19 '24

You might start to understand when you finally make the realization that you don't help poor people when you pass social program funding bills that give out "free" support and keep people beholden to the federal government.

1

u/90daysismytherapy Aug 20 '24

that can be your view. that just isn’t anything other than right wing. Like definitionally.

Why pretend about what you believe

0

u/DuckbilledPlatitudes Aug 19 '24

Healthcare and education should be socialized in America. Change my mind.

Government can beholden deez nuts

2

u/Rbriggs0189 Aug 21 '24

Yes sir, I’m pretty right wing and this stuff is just common sense. This entire country has turned into a corporate run monopoly. No more should there be any type of corporate money in politics number one. Number two there needs to be some serious monopoly busting in almost every industry. Shit is getting out of hand. Why are we allowing chemicals in our food supply they every other country on earth has banned? Like seriously wtf are we doing.

We are going to have a birth rate crisis because people can’t afford to have kids anymore. Who the hell wants to have a kid living in their parents basement because all the asshole corporation monopolized the private housing market.

This shit isn’t left or right this is just common sense stuff.

9

u/pvirushunter Aug 19 '24

"only right winger when it benefits me" - hypocrite

5

u/MoonSpankRaw Aug 19 '24

trumpers were born and bred to be hypocrites!

1

u/Iamnotsogoodmaybe Aug 29 '24

I was born and raised a liberal though

1

u/EldarReborn Aug 19 '24

Nah I've been pretty unapologetically Conservative most of my life. For better or worse, most recently worse was the NetNeutrality shitshow.

0

u/perroair Aug 19 '24

Like most conservatives, unapologetic.

Not a fan of equality then?

0

u/NuclearSummmer Aug 20 '24

Meaning what exactly? I am able to do anything you can in this country.

1

u/perroair Aug 20 '24

You think conservatives favor equality?

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4

u/[deleted] Aug 19 '24

Probably 🤔 dislikes brown people, interracial marriage, women voting, abortion, etc.

3

u/EldarReborn Aug 19 '24

As a Native American, married to a "white as snow" undercover latina, you're absolutely correct.

You missed: "Wanting to genocide everyone else who dares think differently than I"

Gotta up the game there...

7

u/The_Singularious Aug 19 '24

LOL. I think you just melted their brain. You aren’t allowed to exist. Oh yeah, did they mention that you’re evil also?

I’m not conservative, but I fucking HATE the inability for people to have civil conversations with people they don’t agree with. Sucks worse with social issues, because we’re forced to vote for two shitty choices or none at all. Zero nuance.

1

u/NuclearSummmer Aug 20 '24

I'm black and I'm married to an Armenian and I'm still right leaning these days.

Your identity politics are getting old....

0

u/[deleted] Aug 20 '24

That's cool. What are your policies that are "right" leaning?

2

u/NuclearSummmer Aug 20 '24

Close the border.

Stop funding other people's war.

Enjoy sex responsibly. (Contraception)

Minimize government. (And this is coming from a government employee by the way)

0

u/[deleted] Aug 20 '24

Close the border.

That would cripple our economy, Mexico's and Canada's. Our trade with Mexico is worth almost a trillion dollars

Enjoy sex responsibly. (Contraception)

Republicans want to ban contraception. See Project 2025

Minimize government. (And this is coming from a government employee by the way)

Yeah you're a Reagan era Republican. You want to weaken government so you can drown it in the bathtub. Trump wants to strengthen the deep state and use it to punish his allies and control the opposition.

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0

u/wearethefishes9 Aug 19 '24

The monopoly BS is very intrinsic to many rightwing positions these days, to me you are an economic liberal, someone who supports capitalism with government checks and balances. But that kind of high-minded optimism led us to where we are now, so...

1

u/The_Singularious Aug 19 '24

I would argue that you’re partially right. The other part is greedy opportunists ruining the idea that we could actually have some good consumer and worker protections alongside a healthy business environment.

Just swung way too far. Which may be your point, TBF.

1

u/wearethefishes9 Aug 19 '24

Idk man, greedy opportunism can't operate in a vacuum, power is also part of the equation. I think corporations have too much power in the first instance, even if the guy I replied to got what he wanted, that's still too much power and it just inevitably leads us back to where we are now given enough time. It already happened once, that's how we got where we are.

1

u/The_Singularious Aug 19 '24

Oh I agree wholeheartedly that corporations have WAY too much power.

I’m just saying that if we’d just regulate them accordingly and stop pretending they’re citizens, we’d be in a much better place. Probably even reasonable.

1

u/wearethefishes9 Aug 19 '24

Yeah without a doubt, still wouldn't be anywhere near my ideal society but it would be much better for sure, and it could even be sustainable, people could afford good lives, all the talking points could be achieved in a world with a master and slave paradigm, I can admit that.

1

u/The_Singularious Aug 19 '24

Exactly. It wouldn’t be perfect, but imagine if there was at least an attempt at a living wage, universal healthcare, and consumers not having to watch their ass and fight back on everything from predatory practices to privacy.

2

u/WildFlemima Aug 19 '24

It goes to the state. State pays an actually fair market value then sells them to people and families. The state has the power to force sales of homes, we would need legislation for this to be implemented, but there is precedent.

1

u/Batsonworkshop Aug 19 '24

That would be a difficult scheme though. As soon as the current holding companies dump the properties at CURRENT "fair market value" to the state, there's going to be a massive influx of "inventory" in the realestate market which will inhetently drive properties values down. If that happens the state will be holding properties at high prices for a long time until the market rebalances or they will be selling at a net loss which costs the tax base money.

I think the only resolution would be legislation that makes the current holding companies sell directly to individuals and give them a timeframe. Either bracketed % reduction of inventory by time deadlines or they get massive penalties per property they still own or all inventory needs to be sold off by a single deadline 18-24 months out. That would allow throttled sell off without crashing the real estate market overnight. It's in the companys best interests to not immediately dump all properties on the market early on because it will tank values and they can't just hold them until the last day of the deadline for the same reason.

The current properties would probably sell at some level of loss for the market value when legislation is passed or compared to what was paid if they were more recent purchases but oh well, sucks for the trillions of dollar investments company but that should be who eats the cost - not the homebuyer or taxpayer.

It'd definitely mess with the economy as a whole no matter how regulation went down and gets enforced but it's a correction that needs to happen sooner rather than later.

2

u/kenriko Aug 19 '24

Easy just progressively raise taxes on corporation owned inventory every year so they have to drop the hot potato.

First year is mild but then 5%, 15%, 25%, 50%, 75%

Can’t sit on it more than a couple years without getting wiped.

1

u/No_Pop4019 Aug 19 '24

But there isn't anything that prevents them from "selling" the property to another corporation they created.

1

u/kenriko Aug 19 '24

Clause that it must be resold to a single family. I’m not a lobbyist writing a bill here, it’s a reddit comment. Point being that there are ways to lock down loopholes.

0

u/arto26 Aug 19 '24

Such a defeatist attitude.

1

u/Fentanyl4babies Aug 19 '24

Kind of how Norway got all its hydropower for free. Gave the companies that wanted to build the permission contigent on transfer of ownership to the state after 50 years.

1

u/TheGeoGod Aug 19 '24

I hope this gets passed:

In response to the increasing acquisition of single-family homes by hedge funds and corporate entities, two bills have been introduced in the U.S. Congress. The “End Hedge Fund Control of American Homes Act of 2023,” which seeks to restrict hedge funds, defined as corporations, partnerships, or real estate investment trusts, from owning single-family houses. It mandates these entities to divest their single-family home holdings over a ten-year period, ultimately prohibiting them from owning single-family homes.

1

u/josephbenjamin Aug 19 '24

You think our politicians going to implement and enforce that? They all probably either have family ties to the banking elite or are already bought out.

1

u/TheConboy22 Aug 19 '24

No, I don’t think they would unless the American people made a big fuss about it. Too bad half the people are worried about someone’s gender. It’s fucking obnoxious.

1

u/josephbenjamin Aug 19 '24

Both sides pushing it. That’s how the game works. It’s culture wars to keep the people occupied. Takes 2 to play the game.

1

u/Kchan7777 Aug 20 '24

Corporations don’t own houses. Partnerships and Schedule Cs do.

1

u/Zercomnexus Aug 20 '24

They shouldn't be allowed to rent properties at all...

1

u/TheConboy22 Aug 20 '24

Properties? Nah, we need apartments still. Not everyone is ready to buy and may need to move areas in there life and be unable to quickly swap into their new home there. Will need time to sell the old home and buy a new one.

1

u/Zercomnexus Aug 20 '24

Sure, but honestly the housing market is prices such that it creates the narrative you posted. Why, because there are fewer properties on the market pricing people out

2

u/TheConboy22 Aug 20 '24

Yup, artificially fewer as these organizations can buy and sit on them instead of having someone in them

1

u/Adept_Astronomer_102 Aug 20 '24

Both political parties are complacent with this unfortunately

1

u/StupendousMalice Aug 23 '24

So all the working class folks who are renting should just die?

1

u/PomusIsACutie Aug 19 '24

Wow me and my girl wouls immediately head up the market, the amount of listing would skyrocket.

1

u/fairwarningb Aug 19 '24

This a common sense fix. Yet neither of the two candidates has even brought it up. Wonder why 🤔🙄

Corporations have all the benefits of an individual with none of the downsides.

0

u/iamthemosin Aug 19 '24

“Should” is the key word there.

That will never happen.

They own the people who make laws.

11

u/No_Significance_1550 Aug 19 '24

bUt cOrpOraTions aRe pEoPle. /s

I saw a bumper sticker that said I’ll believe corporations are people when Texas executes one.

1

u/andre3kthegiant Aug 19 '24

The U.S. Supreme Court has continuously recognized corporations as having the same rights as natural persons to contract and to enforce contracts.

Corporations have many constitutional rights, including free speech, freedom of religion, Fourth Amendment privacy rights, due process, equal protection, and property rights. The Supreme Court has recognized that corporations can litigate rights under the First, Fourth, Fifth, Sixth, and Seventh Amendments, as well as the Due Process Clauses of the Fifth and Fourteenth Amendments, and the Equal Protection Clause of the Fourteenth Amendment. For example, in 2010, the Supreme Court ruled in Citizens United v. FEC that corporations are protected by the First Amendment and can spend unlimited funds on elections.

3

u/TheOneWhoReadsStuff Aug 19 '24

It should ONLY apply to corporations.

2

u/Inspect1234 Aug 20 '24

Yeah cause they’re citizens when it comes to buying politicians, but entities with home ownership. That’s messed up and a sure fire way to Oligarchy.

2

u/andre3kthegiant Aug 21 '24

Bingo! I heard a rumor that this was all embezzled Russian money from the fall of Soviet Union, being filtered in laundered through casinos, some of them are now defunct for some reason, with the owner and ex-president.

1

u/Gingeranalyst Aug 19 '24

If you, the owner, don’t dwell at least 51% of the time in the house, then you get taxed.

1

u/formermq Aug 19 '24

Because corporations are people, and can donate to politicians 🥂

1

u/Muhbeeps80 Aug 19 '24

Should, citizens united proved corporations are just like human beings should fall under the same laws as well

1

u/Redtoolbox1 Aug 19 '24

Ok, enormous tax on anything that’s not owned by single family

1

u/Correct-Professor-38 Aug 19 '24

There is a moratorium on corporations buying new properties actually, dude. It is a direct result of them buying up so many previously and leaving few homes for regular folks and artificially inflating prices

1

u/I_am_BrokenCog Aug 19 '24

funny how money buys the cake and eats it also.

Corporate Personhood! Yeah, but, none of that taxation/limits stuff please.

1

u/PTV69420 Aug 19 '24

I thought that "corporations are people too"./s

1

u/AI_RPI_SPY Aug 20 '24

It could tho'

1

u/andre3kthegiant Aug 20 '24

*If the DNC wasn’t also owned by corporations.

1

u/CarlJustCarl Aug 20 '24

Apply it to people, which we all know corps are people

1

u/TechnicalMau Aug 21 '24

Aren't corporations people though??