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@[email protected] to [email protected] • 2 years ago

New Legislation Proposes to Take Wall Street Out of the Housing Market

www.nytimes.com

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New Legislation Proposes to Take Wall Street Out of the Housing Market

www.nytimes.com

@[email protected] to [email protected] • 2 years ago
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243
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  • [email protected]
A bill introduced in the House and Senate would prevent hedge funds from owning single-family houses in the United States.
  • @[email protected]
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    7•2 years ago

    I kind of agree, but has this ever been done successfully? It seems to me at some point you disincentivize work to the point it all collapses

    • @[email protected]
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      9•2 years ago

      It’s social democracy. It’s a slight socialism under a capitalist umbrella where social services are untouched by capitalism. All of Europe operates this way.

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      14•2 years ago

      deleted by creator

      • @[email protected]
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        3•2 years ago

        Right. Examples?

        • @[email protected]
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          7•2 years ago

          deleted by creator

          • @[email protected]
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            2 years ago

            Don’t have time to separate the wheat from the chaff today. But I understand if you don’t have any actual sources to back up your assertions.

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              1•2 years ago

              deleted by creator

              • @[email protected]
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                1•2 years ago

                So you say, and yet you still offer nothing.

                • @[email protected]
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                  1•2 years ago

                  And I never will. There is no situation where perfectly credible evidence is submitted and the loser doesn’t handwave it and claim bias. That is why when I see a claim I find questionable, I immediately look it up myself.

                  Take a hint.

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      2 years ago

      It’s a fair question. The first universal basic income experiments have just begun in the last few years. Based on this article there’s been a little success at least.
      https://globalaffairs.org/bluemarble/multiple-countries-have-tested-universal-basic-income-and-it-works

      I think we’re only recently getting to a level of technology that we need less human workforce and can still prosper when inevitably some choose not to work.

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        1•2 years ago

        Thanks, I am in favor of UBI, but like anything else I think the cost of everything will just rise to eat it up. With various trials going on, we should have better data soon

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