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I feel like banning one type of owner ship just is a shell game. If private equity wants to invest, they will just create a new company that is of form the law wants, then pool those together and reform like the T-1000.

I'm sorry, I'm really unclear on "equitable outcome"? What standard is being applied here? With what controls? I'm not expert on holland or homeownership but if this is a reason to oppose the bill Warren tweets I'd like to try to understand.

I'm starting to flirt with the idea that Democrats should do slopulism even if there's no benefits, as long as it's not substantially harmful. If we don't do slopulism, the Republicans will, and we'll get mogged when people decide that "no taxes on tips" is great policy.

And once private equity is banned from owning houses or whatever and shit's still expensive, you can say, "see, I told you the problem was elsewhere" and you can work on those solutions instead.

I'm just struck by the idea that people recognize that big corporations and private equity will behave badly if they have sufficient power, but in the housing market they have the market share of like, Cheerwine.

And even in the few housing markets where they have, like, upwards of 25% of the stock, the 'theory' of how they abuse the public is by not renting out their housing. Because housing that isn't collecting rent still somehow magically generates income. "Write-offs!" (not how it works)

That one bothers me, because the obvious solution would also be to build more housing and devalue those empty units.

Am I wrong or is institutional ownership of housing like a fraction of a fraction of a percent of housing, and not really much of a problem?

It's FAR less than 1% of homes.

I wish for people to become more informed about this disinformation. Not good to see @warren.senate.gov feeding into it. @moreperfectunion.bsky.social is a good journalistic organization but they too put out BS about BlackRock. en.wikipedia.org/wiki/BlackRo...

A lot of people really struggle with the idea that there's just not physically enough housing. If you have 10 people and 9 houses, someone's going unhoused. You can have the government subsidize the cost of all 9 houses down to 0, and the 10th guy is still sleeping in a ditch.

We want to think housing is like like food, where there’s more than enough for everyone if not for extreme wastefulness. But there isn’t. It’s a self-induced shortage, and we cannot address it unless more housing is built.

if we applied ag policies to housing, the government would pays developers to build as much as they can on any land they had and if there aren’t buyers then the govt would pay the developer. Results in massive food surplus at low cost every year (albeit at the cost of taxpayer subsidies to farmers)

papers.ssrn.com/sol3/papers....

People desperately want a solution to high housing prices that does not require building new homes in their neighborhoods. No such solution exists. If we want lower rents and home prices, we need to build more homes in the places people want to live. Anyone who says otherwise is bullshitting you.

Well, we could have a system of gov permits for living in specific cities / counties / states, so if you want to move from a rural area to a more desirable city you need to apply for a permit and wait in line. /s

Perfectly put:

Asking sincerely, did the Dutch also build more homes? This may be a situation where we need to both ban private equity in the housing market and expand new builds.

The innumeracy of calling PE's stake of the US housing market a "takeover" is not a mistake on Warren's part: she knows better. It's disappointing not in that I like what PE is doing and defend it, but that she's playing politics with the data. Don't do that. Be honest, Liz.

Anyway, if you want PE out of housing, make it less profitable by driving the costs down by uncorking more supply. There's never been a more obvious win-win pathway.

Do you honestly believe one bedroom studio apartments cost 2K/month and up to rent because there is a shortage of these shoebox apartments?