- cross-posted to:
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- cross-posted to:
- [email protected]
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this will never happen, this was just an announcement to force stocks in large real estate companies to dip so the insiders can make money.
And so some of the biggest real estate corporations in America pay him personally to make this go away. Just the same protection racket bullshit he did to Law firms and big tech companies. In the meantime, we get to watch conservatives suddenly start explaining why corporate landlords and Laissez-faire capitalism (but specifically for single family homes) are bad, without a single ounce of irony, until Trump gets his bribe money and they they can stop pretending they give a shit again. So that’ll be a thing.
At first glance, a good thing.
At second glance, this is trump so it’s guaranteed something bad that will make his buddies rich and will fuck over the poor somehow
If it’s not a move to force them to sell, it’s just a moratorium on buying, they still get to sit on the dragon’s horde of homes they already have.
And it is not even that. It is just Trump blatantly and pathologically lying.
The fact that this is being reported as something Trump is definitely going to do, based on a single shitpost on his private social media platform, after all these years of knowing Trump and his lies, says a lot about US media.
Trump says lots of shit, and his actions rarely align with his words.
Stocks of these firms have dropped. Trump and friends will now buy up the stocks. Then the statement will be rolled back, the policy will never be implemented, and Trump and friends will sell the climb.
Typical grifting and corruption in America these days.
This will probably go the same way as no tax on tips
The literal fucking Nepo-Baby-Landlord as a lifelong career saying this? I just don’t buy it.
Maybe he’ll force investors from countries less known for being white to sell and then expand the powers of the federal state to seize the assets he sees fit.
He is doing this to leverage Blackrock to cut him a slice of the corruption pie. Nothing to see here folks
Doubt
Trump always has half a solution…but it’s just for the political kick from the announcement and has no policy follow up.
If Trump wanted to actually do something he’d need to account the other half of a strategy and fund both parts: yes, monopolization or heavy ownership of homes should be banned. But that does nothing if you don’t deal with the cost of materials to build a home in the first place, for example.
Depending very much on how or if this gets implemented, this might be quite possibly the only useful thing Taco has done for most Americans.
Because of this, I doubt it will get done.
There’s a catch here. It’s the opposite of good somehow. Any ideas?
Apparently the vast majority of homes being used by parasites for wealth generation are actually owned by our “neighbors.” A whole bunch of wealthy older/middle age people buying extra homes for PaSsIvE InCoMe, so this law won’t fix anything. It’s only meant to help the Republicans image for the midterms.
Also it’s gotta be painfully easy for large companies to use agents or subsidiaries to get around the “large investor” restriction. Or more simply there will be some catch about “as decided by the HUD Secretary” so it’s just another way to grift companies.
No way, man. This will go down as yet another example of Trump prioritizing the common good. It’ll be 2nd only to his universal healthcare plan, in helping working class Americans. /s
My immediate thoughts were:
1 - narcissism. This is a no brainer populist thing to say, and he likes the adulation.
2 - he’s being prepped to be a fall guy, and pissing off the medium rich Republicans/donors, so that he can be decried as a “socialist” (and whatever crimes in the Epstein files can thus be tied to “socialism”) when Vance takes over to be Peter Thiel’s bitchboy
… …. Is anyone, even republicans, anyone, dumb enough to buy that shit? Trump the fascist shit for brains fuck that’s been ruining our country, and doing illegal imperialist shit outside, a socialist?
If there is anyone, they would be a miracle. To think, a person can exist with literally no brain matter at all?
There’s always someone, somewhere, who’s ready and willing to believe that which you are completely assured no one anywhere ever possibly could.
Did the thugs at the Blackstone criminal gang decide to play hardball with the recent demand to increase the size of bribes?
Like all his policies this is just going to be another bribery lever he can pull to milk money for himself.
Nice proposal, but like Lucy Van Pelt and footballs, Trunp is not known for his integrity.
