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I'm with you on the housing laws. Investors are great when they're taking old homes and giving the love they need and helps bring supply on the market. When they're hoarding housing for profit and not allowing individuals to reach the American dream, now that is when it becomes a problem for me. Get them out of the market and let the middle class grow!
I don't disagree with you at all. The question is if the terms of this legislation is enough? The argument I have heard is that 10k is a drop in the bucket and those costs will be transferred on to renters. It is a novel concept and I would like to hear more perspectives on it.
@@0peinup That is a good point but as we have seen in the retail market, you can only charge people so much until they stop paying for those prices and then they come down. Landlords are facing increasing insurance and property tax costs but can only trickle a fraction of that cost down to the renter. The people who ultimately determine cost is the consumer (supply and demand). This is why we are seeing some rental decreases around the country. Supposedly Orlando is -5% on rents YoY but Im not hearing it from the Public. Syndications and corporations in my opinion, will start to dump properties or cut rents if they don't rent out (especially in commercial) and are staying vacant. This law pushes them even further to do so. They can only hemorrhage so much money until they have to sell to save their company and cut their overhead, housing units. If they own more than 75 and they have 175 single family homes, this is a 1 million dollar penalty. If they try to trickle that $10,000 a unit fee down to the consumer, that is an additional $833.33 a month increase in rent.
Getting Wall St to back away from mass single-family RE agglomeration ( using pension fund money and foreign investors) is critical in stopping those at the WEF who would want us all to be renters in 15-minute cities by 2040. I'm skeptical that this directive would come out of our corrupt politicians however... so I'm guessing the eventual legislation is really nothing more than window-dressing. The insane rise in home costs is largely due to institutional buying.
I like your videos and enjoy watching them, however I disagree with hedge funds not being able to buy homes. Problem is those same hedge funds helps folks retirement but the bigger problem is when you start picking and choosing which part of free enterprise you mess with it becomes none free enterprise. How would it be if the goverment limited you to .5 percent commission on houses over a certain dollar amount? Free enterprise is not perfect but maybe the focus should be on more housing. Its called supply and demand. 😊
Funny you say that; the government IS trying to completely change our commissions and what we get paid. As to the hedge funds for people’s retirement. I’d argue that most people start with homeownership before investing in the market. If they can’t take the first step, they become perpetual renters with no long term wealth. Definitely understand your point tho. I’m not a big government guy. They mess up way more than they help! Thanks for watching
Parking at MCO is indeed miserable. I live in Conway, though, so it is not a problem for me. You should explore the Conway area (the neighborhoods that Martin Marietta built) and let everyone know what we already know. Of course, shoot from inside a house to downplay the airplane noise 😂 (it's all a tradeoff).
Just got back to CT from MCO. terminal C was not too crowded yesterday. We went to EPCOT on Sunday night, I think the fireworks were some of the best Disney has done, but I think the "Story of Us" was dumb and should not include IP from movies. I still think the Illuminations was the best show.
Both Moana and the new gardens are fantastic, after dark. Luminous was not fantastic. I liked it when EPCOT was open, later. Why can't we have dining reservations, later? If we can't have dining reservations, later, can we have better transportation to Disney Springs, later?
I went to MCO to take the brightline during Thanksgiving weekend and we parked at the SOUTH PARK PLACE ECONOMY LOT and the wait for the bus is horrible and there's no spot to stand when it rains. Much more affordable but not family friendly
