Kyrsten Sinema finally comes out of the closet just in time to weaken the historical Democratic majority in the Senate

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MrSquished

Lifer
Jan 14, 2013
23,082
21,203
136
Individuals and small businesses like LLCs aren't the problem. Investment firms and Hedge Funds are. There's a BIG difference, and it shouldn't be hard to write regulations that won't affect the little guys.

It's not THAT difficult. And no, it won't "end rental markets". Don't be ridiculous.
I told him many landlords are small potatoes, but they are still considered investors. He just keeps railing against investor owned properties.

Also you do need some big developers in the rental market. Who is going to build big rental developments in desirable cities that need them?

Of course I believe in regulations on the big boys. And in commercial real estate too. I've said that as well.

It makes no sense to just rail against this large vague group of investors without significant clarification.

We need investment properties as a health rental market is important.

Step one is to build more housing where people want to live
 

ivwshane

Lifer
May 15, 2000
32,548
15,425
136
I told him many landlords are small potatoes, but they are still considered investors. He just keeps railing against investor owned properties.

Also you do need some big developers in the rental market. Who is going to build big rental developments in desirable cities that need them?

Of course I believe in regulations on the big boys. And in commercial real estate too. I've said that as well.

It makes no sense to just rail against this large vague group of investors without significant clarification.

We need investment properties as a health rental market is important.

Step one is to build more housing where people want to live

No that’s more like step three or four and by the time you get to that point it will have been 5-10 years minimum. Step one is to find immediate solutions to homelessness. Step two would be to implement regulations that affect rental prices and allow for more homes to be built. Then you get to step three, building houses. Step four would be regulating the investment industry
 

Pohemi

Diamond Member
Oct 2, 2004
9,456
12,989
146
Also you do need some big developers in the rental market. Who is going to build big rental developments in desirable cities that need them?

Of course I believe in regulations on the big boys. And in commercial real estate too. I've said that as well.

It makes no sense to just rail against this large vague group of investors without significant clarification.
That's what the legislators would have to decide, where to make that line between small fries and real estate investment groups, and banking investment groups and hedge funds. I don't see that as vague, it just needs to be decided what type of investment groups are allowed to partake in housing developments, from single family homes all the way up to large housing projects.

Part of the issue is that investment firms are often splitting off other divisions/companies JUST for real estate investment and management. The property I live in now is owned by an investment group out of California, but they created a separate division not connected to the main firm. They own 800+ multi-family properties all across the country. These are the harder-to-catch methods that these assholes are using to avoid backlash on the main firm as far as their shitty practices, imho.

I agree that investors are needed for large housing developments, but we CAN and should cut hedge funds and global investors out. They are playing the game with the public as the opponents.
 
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MrSquished

Lifer
Jan 14, 2013
23,082
21,203
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That's what the legislators would have to decide, where to make that line between small fries and real estate investment groups, and banking investment groups and hedge funds. I don't see that as vague, it just needs to be decided what type of investment groups are allowed to partake in housing developments, from single family homes all the way up to large housing projects.

Part of the issue is that investment firms are often splitting off other divisions/companies JUST for real estate investment and management. The property I live in now is owned by an investment group out of California, but they created a separate division not connected to the main firm. They own 800+ multi-family properties all across the country. These are the harder-to-catch methods that these assholes are using to avoid backlash on the main firm as far as their shitty practices, imho.

I agree that investors are needed for large housing developments, but we CAN and should cut hedge funds and global investors out. They are playing the game with the public as the opponents.

I completely agree with regulations that take some of the big speculative greedy mofos out of the real estate market, or severely limit them. I think my positions on pretty much anything here is about a strongly regulated capitalist system with a very strong socialist safety net. The fact that big investors can sit on vacant commercial property and it makes more sense for their financials over renting them out at an actual market rate is ludicrous and offensive.

I also don't support zero zoning laws. I think commercial/agricultural/residential zoning should exist and I also think there should be regulations on residential housing and infrastructure as more housing is being built. But the laws today written by NIMBYS and their cohorts in government are insanely restrictive and are based on outdated population numbers and in fact a lot stem from racism and white flight. It's insane that I can't build a 2-4 family home if I buy a property in towns just a few miles from NYC. Must be single family only. It's majorly fucked up and a huge cause of ridiculous housing prices because supply is so damn low compared to demand. It's sick. Hell my sister way out in the burbs wanted to create a mother/daughter house, and they did, my mom has a kitchen/living room/bathroom and bedroom now but they absolutely could not put a door separating her area from the rest of the house or it would break single family zoning laws. THAT'S FUCKING RIDICULOUS.
 
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K1052

Elite Member
Aug 21, 2003
48,089
37,283
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Yea, she knows everything about raising money. Ha ha.


This is not exactly a good sign if you're going to run again:

Sinema’s fundraising total dropped slightly from her first-quarter haul of $2.1 million. Less than $9,000 of her second-quarter number came from contributors who have donated less than $200 — a sign of continued meager grassroots enthusiasm. Gallego, in comparison, brought in $1.7 million from small-dollar contributions last quarter.