> Of those, mom-and-pop investors, or those who own between 1 and 5 homes, account for 85% of all investor-owned residential properties, while those with between 6 and 10 properties account for another 5%.
(I’m speaking only of the investors that buy to rent extract, I have no insight into the flippers)
The fourth estate, the one that we ostensibly trust to hold power to account, again very conveniently, does not generally have that standing, FOIA excepted.
You know, all that good stuff.
Why should that be a thing? More cheesy obfuscation games to protect some random a-hole?
These rich who don’t want to be on the hook for other’s healthcare sure make a lot of demands of everyone else.
Covid just taught us we can stand to shed a few million and be fine. Purge the rich.
If no one else is on the hook for my life story fuck theirs.
“I own one home, and am buying a house”
“That makes you an investor”
“No that’s whack. When I buy a third - buying while owning two - then I will be an investor”
You have an off-by-one error.
Like what are you going to do with your 5th home???
- a well off family who buys a 2nd home to make sure their kids are set
- a group of well off investors who pool funds, buys a 2nd home, with intention to "flip" it in the next 1-2 years and make 10%
Both are "investors", but I'd like to think the 1st are trying to build a better future, whereas the 2nd are just arbitraging.
Why let the rentier class grow any larger than they already are?
It's not like there is an oversupply of desirable housing. And even if there were an oversupply, the answer isn't to incentivize the rich to get richer.