Stimulus & Bailout Watch Thread

[88m3]

Breh, don’t try that with me, I’m clearly not in that camp. Nothing and no one is stopping her from buying multiple units to rent out to real renters, buying up housing just for air bnb, especially is tight housing markets, is not “small business” it’s greed.

Most Americans net worth is tied to real estate, it's the most accessible thing available to them to invest in and own. You're saying they're not allowed to do that. Owning multiple units and renting to "real renters" isn't nearly as accessible financially and the management and regulations of doing so are beyond most people. Most airbnb's and the like are in second home markets that aren't facing serious housing issues and are solely focused on tourism. It creates real jobs, and provides a tax base that wouldn't exist otherwise. I bet you don't have an issue with hedges funds and corporations buying up entire neighborhoods. How many zombie houses are there in your city that banks have left to rot? That's greed. That's hoarding.

 

[dora_da_destroyer]

Most Americans net worth is tied to real estate, it's the most accessible thing available to them to invest in and own. You're saying they're not allowed to do that. Owning multiple units and renting to "real renters" isn't nearly as accessible financially and the management and regulations of doing so are beyond most people. Most airbnb's and the like are in second home markets that aren't facing serious housing issues and are solely focused on tourism. It creates real jobs, and provides a tax base that wouldn't exist otherwise. I bet you don't have an issue with hedges funds and corporations buying up entire neighborhoods. That's greed. That's hoarding.

The bolded is very much wrong, if you can afford to buy multiple units (the real hurdle in all of this) there are a lot more regulations around real estate as short term rentals and a lot more hoops to jump through in recording income, taxes, etc, especially with all the cities that have cracked down on them. And most airbnbs are in primary cities/burbs - that was the whole point - live like a local when you go to a city, not just secondary vacation markets - VBRO actually still dominates that space.

and I have issue with any entity - individual or large Corp - buying up tons of residential housing just to keep it as short term rentals (outside of markets that are predominantly vacation/short stay/seasonal locations).

People buying multi unit homes and/or kicking long term tenants out to make homes an Airbnb is problematic, especially in the most highly visited regions which also coincides with places that there are housing shortages

 

[88m3]

The bolded is very much wrong, if you can afford to buy multiple units (the real hurdle in all of this) there are a lot more regulations around real estate as short term rentals and a lot more hoops to jump through in recording income, taxes, etc, especially with all the cities that have cracked down on them. And most airbnbs are in primary cities/burbs - that was the whole point - live like a local when you go to a city, not just secondary vacation markets - VBRO actually still dominates that space.

and I have issue with any entity - individual or large Corp - buying up tons of residential housing just to keep it as short term rentals (outside of markets that are predominantly vacation/short stay/seasonal locations).

People buying multi unit homes and/or kicking long term tenants out to make homes an Airbnb is problematic, especially in the most highly visited regions which also coincides with places that there are housing shortages

No.

Disagree but in raw numbers sure but again I'm not talking about them and the article wasn't either

straw men and other fallacies...


The world needs to adapt and people should be able to invest and hedge their retirements on more than the stock market, the mythical pension, and the farce that is social security.



Anyways it sounds like you don't believe in property rights and you're not alone in that here. You've earned your populist bona fides for today, Comrade.

 

[88m3]

Gears Jammed Again During Relaunch of Small-Business Relief Program

terrible

 

[dora_da_destroyer]

No.

Disagree but in raw numbers sure but again I'm not talking about them and the article wasn't either

straw men and other fallacies...


The world needs to adapt and people should be able to invest and hedge their retirements on more than the stock market, the mythical pension, and the farce that is social security.



Anyways it sounds like you don't believe in property rights and you're not alone in that here. You've earned your populist bona fides for today, Comrade.

Lmao, you’re wrong as hell and any other poster in here would disagree.

secondly, no one said just settle for SSI and 401k’s. You can make quite a lot simply renting those units out to real renters, no one is arguing against being enterprising, you can do so without creating scarcity

 

[88m3]

Lmao, you’re wrong as hell and any other poster in here would disagree.

secondly, no one said just settle for SSI and 401k’s. You can make quite a lot simply renting those units out to real renters, no one is arguing against being enterprising, you can do so without creating scarcity

Why are you shifting back to scarcity I thought you agreed we aren't talking about cities?

"Well I don't like this so they shouldn't be able to do it". Should people also not be able to have second homes? What about go on vacation? What about businesses and municipalities that are reliant on vacation rentals?

If there is so much money in longterm rentals and it was accessible to people(not corporations and hedge funds), people would be doing it. Like why haven't you built a 10 or a 100 unit building where you are??? What's wrong with you?!!


Better pony up your tax dollars for subsidized housing if you want to address scarcity, Comrade Dora.

 

[dora_da_destroyer]

Why are you shifting back to scarcity I thought you agreed we aren't talking about cities?

"Well I don't like this so they shouldn't be able to do it". Should people also not be able to have second homes? What about go on vacation? What about businesses and municipalities that are reliant on vacation rentals?

If there is so much money in longterm rentals and it was accessible to people(not corporations and hedge funds), people would be doing it. Like why haven't you built a 10 or a 100 unit building where you are??? What's wrong with you?!!


Better pony up your tax dollars for subsidized housing if you want to address scarcity, Comrade Dora.

Cities are where a lot of people are taking units off the market and doing Airbnb’s

to the rest of your troll post

 

[BK The Great]

 

[Hood Critic]

Most Americans net worth is tied to real estate, it's the most accessible thing available to them to invest in and own. You're saying they're not allowed to do that. Owning multiple units and renting to "real renters" isn't nearly as accessible financially and the management and regulations of doing so are beyond most people. Most airbnb's and the like are in second home markets that aren't facing serious housing issues and are solely focused on tourism. It creates real jobs, and provides a tax base that wouldn't exist otherwise. I bet you don't have an issue with hedges funds and corporations buying up entire neighborhoods. How many zombie houses are there in your city that banks have left to rot? That's greed. That's hoarding.

That is exactly the opposite of why airbnbs exist...

 

[88m3]

That is exactly the opposite of why airbnbs exist...

disagree

 

[NkrumahWasRight Is Wrong]

im gonna keep it a memento from the worst president in american history

imagine looking back on this era in 50 years

Got mine today. Spelled my name wrong

 

[Pressure]

Short term rentals are bad.

They increase scarcity and they also allow high rise apartments to maintain artificially high prices.

 

[tjax03]

This is why we need universal basic income.

Andrew Yang should be Joe Biden's running mate. Dude was smarter than everyone up there on the panel

 

[BK The Great]

This is why we need universal basic income.

Andrew Yang should be Joe Biden's running mate. Dude was smarter than everyone up there on the panel

Hopefully that happens. I actually wanted Yang to be running instead of Biden.

 

[the cac mamba]

This is why we need universal basic income.

Andrew Yang should be Joe Biden's running mate. Dude was smarter than everyone up there on the panel

i always envisioned yang replacing steve mnuchin