As a somewhat recent homeowner who therefore benefits from the housing crisis, I agree 100%. Fuck hedgefunds. Even if it somehow were to tank the housing market and cut the value of my house in half, I’d still be down. After renting for a decade, I view my house less as an investment and more as a regular payment that won’t increase absurdly YOY, with the added benefit that I can destroy the walls as I please.
I hope to god this passes.
More than likely it’s a pander to voters, but if it works and he doesn’t follow up- we’re still better off.
As a somewhat recent homeowner who therefore benefits from the housing crisis, I agree 100%. Fuck hedgefunds. Even if it somehow were to tank the housing market and cut the value of my house in half, I’d still be down. After renting for a decade, I view my house less as an investment and more as a regular payment that won’t increase absurdly YOY, with the added benefit that I can destroy the walls as I please.
I am currently in the process of buying my first house w/ my wife. And if the market crashes we can refinance at a lower rate. I’m here for it.