Corporations should Not be Allowed to Buy Residential Property
Corporations are buying up houses by the thousands. They then use them as rental properties or just a way to park cash. Either way they drive up residential housing prices.
Corporations are buying up houses by the thousands. They then use them as rental properties or just a way to park cash. Either way they drive up residential housing prices.
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whowasthatmaskedman · 70-79, M
More importantly, think why they would be putting theit cash here, rather than investing in the corporation, or if they cant do that, issuing share buybacks. The answer is in front of you. They are indeed parking their capital where it will best hold its value.. And that tells you their expectation of business for the fo0reseeable future. Thay wont even back T Bonds..😷
whowasthatmaskedman · 70-79, M
@markansas "Buy Land. They aint makin' it anymore" Will Rogers..
You are of course correct. The flip side is that fiat currencies can devalue almost overnight. (Just look at Bitcoin.. This can happen to the Euro, the Pound and that dollar. Anyrhing that cant be destroyed becomes a store of value..😷
You are of course correct. The flip side is that fiat currencies can devalue almost overnight. (Just look at Bitcoin.. This can happen to the Euro, the Pound and that dollar. Anyrhing that cant be destroyed becomes a store of value..😷