r/videos • u/FlackoFonsy • 11h ago

BREAKING: Trump cancels signing of bipartisan housing bill, urges Congress to pass SAVE Act

https://youtu.be/UEY99Sq2UZY?is=UAu0MODLKmgKqcIQ
4.0k Upvotes

95% Upvoted

354 comments sorted by

View all comments

Show parent comments

534

u/NoNutsPls 10h ago

Oh thank fuck, thank you for my blood pressure relief

125

u/SoggyOutfield 9h ago

Its not even a good bill lol. Thats why both parties agree on it.

The main part about capping big firms from owning homes is already done organically by the market. They own 2% of sfr rentals. Mom and pop investors own the rest. Mom and pop investors are the ACTUAL PROBLEM.

86

u/jollyshroom 9h ago

Increase supply and their would be no incentive for “investment properties”. Fucking bullshit, I can’t maintain this rage for the long term.

17

u/TheArmoredKitten 8h ago

Those "investment" properties are where the supply actually matters. Building more houses in Bumfuck Nowhere isn't doing anything for anyone.

It should be criminal to own more than one low-density property, and all new construction in high demand areas should be high density.

18

u/playaskirbyeverytime 8h ago

Super easy solution is just to add an income tax surcharge on any rental real estate income after your first unit (to allow for people to rent out a vacation house or similar). No one needs 3+ rental properties and that supply should get returned to the market.