• bss03@infosec.pub
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    1 day ago

    I don’t think this will work simply. Probably, they’d just have a individualized RIT (Real estate Investment Trust) for each house, and then have investors buy shares (up to 100%) of the individualized RITs or a “master RIT” that doesn’t own any property directly, but just all the shares of the indivudalized RITs that aren’t sold to an investor.

    Disclaimer: I do make the problem slightly worse buy investing through https://arrived.com/ (Slightly because I don’t have that much money to invest, and only a portion of it is invested there.)

    • KoboldCoterie@pawb.social
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      1 day ago

      Seems like the sort of loophole that, once identified, would be pretty easy to close if the legislators actually desired to do so.

      • bss03@infosec.pub
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        1 day ago

        Yeah, I’m all for more legislation and regulation to try to address this issue, it just won’t be quite as simple as the comment I replied to.

        Also, I think landlords should support such legislation, because the alternative I see is violence toward landlords (which I don’t [yet] advocate).

        • IronBird@lemmy.world
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          21 hours ago

          personally, I’m just raiding this everything bubble for all the $ I can get my hands on, in the hopes I can get enough capital to start throwing down massive high-density high-quality affordable housing projects for sale to long-time local renters/first time home buyers exclusively.

          i have a theory about crashing localized housing markets via over-supply I want to test out. my hypothesis is that the parasitic renter-speculators, who probably took out loans or otherwise leveraged themselves to throw $ into the casino we call the stock/futes market, should end up distressed when they no longer have renters/are forced to lower rents due to competition.

          at which point I step in, buy their properties for cheap, then throw down more high-density, high-quality, affordable housing for local residents.