You should not be allowed to own more than one house

You should not be allowed to own more than one house.

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Honestly rental properties should be more heavily taxed. Same with foreign owned real estate. Land speculation has never benefitted society

I don’t disagree but I would murder the tranny that posted that tweet if I could get away with it.

>my parents made me
>this means I deserve a certain house or living standard

We should have regulations on being able to buy property WITH EXCESSIVE LEVERAGE.

Thats the problem here. LEVERAGE. Jewish tricks allow them to just keep buying homes with cheap money loans because the bank has to always be seeking profits, even if it means riskier loans.

Ownership of anything shouldn't be limited. There's nothing stopping you from buying a plot of land in the middle of no where for like $1500-3000, and then building a house from the trees on the property, like people used to. It's just you don't have the motivation and essentially want a house given to you for existing.

What are building permits and zoning?

What happens when you buy 50 plots of land in a dense area with zero down payment and charge rent to pay for the mortgage?

And then when the economy takes a shit, you and the rest of your over-leveraged slumlords look for handouts because you broke the enitre economy by defaulting on all 50 of your properties at the same time.

Unironically this. Look at Ontario, most of those houses are just vehicles to stash or launder cash from the PRC.

So what do I do as a student living by myself?

If people are only allowed to own one house, presumably the one they live in, where am I going to live? I can't fork out 50k for a downpayment.

And if I live in a house that belongs to someone else, and they end up living with their kid in a cheap apartment, doesn't that take away supply for cheap apartments and leave me to the will of the landlord?

Where do you people learn economics? The back of a cereal box?

That only applies if you're building in an existing municipality

tl;dr

I don’t think it’s fair I have to compete with foreign oligarchs to buy a house in my own country.

Vancouver too. It's why it's the only place in Canada where housing prices haven't slumped despite the chinavirus.

Jews did this. Remember.

increases taxes and landlords will increase rates

Foreign owned real estate should be illegal outright.
I used to really be into the idea of being a real estate investor. I mean I didn't like the idea of managing tenants and the property itself but conceptually I liked it.
Then I realized it's kind of fucked up to hoard all the houses in a neighborhood or whatever which artificially drives up demand.
That being said I think the number 1 culprit of housing inflation is due to overseas, particularly Chinese investors. There's plenty of information on this if you can tap a few keys.

No one is even saying this you tremendous faggot.
Once upon a time you could go get a regular job and buy a regular house and it wasn't a big deal, it was all pretty normal.
If you think there is anything acceptable about today's current real estate market you're a chink cock sucker, simple as.

Your country's companies have to compete with foreigners because you buy foreign products.

Not really, if the people cant pay...they cant pay. Youre not increasing their taxes or taxing their salaries.

Now tell the part where it’s mostly due to foreign investors or is that racist

>Once upon a time you could go get a regular job and buy a regular house and it wasn't a big deal, it was all pretty normal.

World population doubled

Usury is a buzzword for people with poor quantitative reasoning skills. The same people who take remedial algebra in college. Lol JK, they didn’t go to college.

Our countries companies are the ones making foreign products in their Chinese and Bangladeshi factories you fucking moron.

Are payday loans ursury?

In my county, I pay 3x the property taxes just so I can rent it out, county takes an extra like $100+/mo from me on a ~$700/mo unit.

if you dont understand that any increase in costs are directly transfered to the consumer (to maintain margins) then idk what to tell you.
watch some economics 101 shit?

No. What happened and what is still happening is that Chinks are dumping their money out of china. All you need to invest in the US real estate market is a TIN (Tax Identification Number) and wham, you can dump all your manipulated money into the stable US real estate market. Same is being done in Canada and Australia.
The world population has not doubled since the 2000s you fucking clown.
The only reason you're more people is because all the spics have been rushing in. They also create more housing demand but their effect pales in comparison to what the chinks have been doing.

>You should not be allowed to own more than one house.
Why?

Good luck running a society, try going outside m8

They do it to gasoline prices. Heavily taxes to the point that there is no profit seeking in gasoline. Gas stations make all their money very slim gasoline margins and convenience store sales. They make huge margins on sodas/chips/snacks.

So no, a heavily consumed product will naturally be at max demand. They can try to pass the cost off onto consumers all they want, if the consumer wont pay...they wont pay.

>middle of nowhere
>trees
>Yea bro just go buy some desert property 200 miles from civilization and build a house! Should only cost a few grand or so!

I've looked, cheapest property around near where I live is a min of $10K/acre and most of it is protected land that you can't actually build on. Meanwhile some fuckheads buy up half the city, plaster the property with apartments, and rent them out to wage slaves for over $1200/mo. Use the profits to rinse and repeat, wonder what cities will look like in 10 years?

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Dolbaeb, your companies pay subcontractors there.

they just create money out of nothing and use it to buy up properties that they rent out to us at a massive profit. it's absurd and should be illegal

All I'm saying that you want the upside of free global trade (economies of scale) without the downside (free trade in real estate).

this

Most don't. They either rent them from banks, or rent them from people who rent them from banks.

us population would have peaked in the 70s had it not been for mass immigration

Nigger what? I want all manufacturing done in the USA. I don't support free trade and I don't support globalism. I want to deport every non White out of the USA. Boo fucking hoo if the price of strawberries goes up $2 a pound, I don't even eat strawberries.

Yes foreign ownership should be taxed double. Fuck those bastards for buying the places that the younger generation should be able to

Fuck foreign real estate investment but most especially fuck china. The whole thing is rotten.

Go back commies

and it's illegal for YOU to buy houses in the countries of said oligarchs. it's retarded

There is. You can only do it up to a certain amount.
An FHA loan (3-5% down) has a cap of $500k and you have to live in it for a year. If you want to go above that it's 20% down. If you want to put money down on a rental property it's 25-30+% down.
If someone wants to take out a private loan (also known as hard money) there is no regulation on that because it's a loan down in private.

>implying the chinese government lets me buy a house in china

This is perhaps one of the few actual good points socialists actually make. Not the dying part, but essentially cutting out your nations people from home ownership decentivizes any actual proper societal cooperation, regardless of how many taxes a foreign national or corporation may pay.

10/10 post.

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You socialists know that you can build your own house, right? You can learn how online or even just from a public library. But you won't, because that would require you to sweat and you're collegiate petit- bourgeois hypocrites
And yes, I did in fact teach myself basic construction and drafting skills and build myself a small house room by room as I had the cash. And the fucking property tax nearly sank me for just the lot in the meantime. So no, property tax doesn't need to go up. Leeches who won't lift a finger to help themselves just need to die.

it should really be illegal for institutions to own homes. homes should belong to those who live in them

>Literal community from PRC are dumping funny money into the US real estate market and devouring the supply
>The response to this is to call everyone commies who is against it.

Wew lad

>shortage of housing
>taxes increase the cost
>shortage increases

dumbass