SteelyLoins:
I think its a cheap shot to boil objections to home investors as class envy. Besides, it's such a cliche card to play.
First of all, when investors go out and snatch up homes they cause a false increase in the demand for housing because they are buying a property that they have no use for. This causes prices to climb at a faster rate, which in turn, forces actual prospective homeowners to have to pay more than they should. Then when the market correction happens, you have more people selling because they want out before they lose too much. This causes the prices to fall farther because the supply is much higher than it would be without them. As a result, people selling their houses because they actually want to leave and go somewhere else get less than they normally would. If we didn't have the investors buying and selling property like it's a monopoly game, the market would be more stable.
Buying and selling a house is the single largest purchase most people will ever make. Their entire liveleyhood is connected to the bottome line. It tells them where and how much they can buy and sets the amount of income they have to disperse in the rest of the economy.
There are lots of ways to make money. People can find ways to make money without messing with the lives of everyone else.
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Instead of penalizing people who turn a profit, perhaps an effort should be made to rise to the financial level of the profit-makers, rather than trying to drag them down to the level that makes some people so unhappy.
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This is an idealistic statement that has no basis in reality. It's like saying 'Poor people are poor because they are lazy. If they just got off their asses, they could be rich like us'.