Oh yea, require all real estate purchases to be American, or have legitimate relitaves residing here. We are selling our land with an to anyone in the world with money. I don't know of any country that makes it so easy for the wealthy to buy land.
I would love to know which countries allow real estate purchases like we do?
(I am against regulations, and more laws, but only for the little guys. Regulate big corporations like Blackrock, Facebook, Google. Regulate the big boys, so the little guys can begin to get ahead. Yes-I conflated two different industries.)
Both the UK and Canada for sure. I think Canada is considering a foreign buyers tax but I don’t think it has been implemented yet. In the UK, property taxes don’t even exist - only council taxes paid for by the occupant which makes leasing much easier.
I've seen this black rock conspiracy posted elsewhere, and while it makes for a compelling dystopian narrative that large corporations are secretly buying all our homes to lease back to us, the reality is just not true.
People are leaving expensive urban housing in droves and competing for what seem like relatively cheap houses to them, so they are comfortable bidding wildly (I know many, many real people in this situation). I'm sure Black Rock wants in on the action, but until that rate falls dramatically lower, I'm not particularly convinced that that's what's happening.
(Which is to say that there is absolutely an argument for increased supply, but rather that the interests of the REIT-helming class are not congruent with the interests of the people who live there, and thus can either come congruent or be ignored.)
Its priced to hit your maximum threshold on monthly wages expendable to rent with minimal savings.
There actually is enough land if you look outward from major cities, but billionaire investors already own that, too.
https://prospect.org/infrastructure/housing/blackrock-buying...
Because housing is not being built, existing houses are sure to increase in price, and so become a good investment for rich people.
You can't just do this with goods that are still being made.
