Great idea! As well, someone should propose legislation that would disallow corporations from donating to political campaigns whether they be individual politicians or to any legislation. Can’t vote, can’t donate!
Yes a good thing. Given the abuses and collecting of power and wealth via the manipulation of capitalism, it is really no longer capitalism we practice imo.
I see the need to prevent a single business entity from buying up land, stealing the American dream of home ownership from individuals.
Right to private property. long gone. what is a republic?
Anti monopolistic laws are already on the books....Current laws are not followed (immigration) so how will more ink on paper and theatrics change a thing? This is a spiritual war that will be messy . Our Republic is under attack from the Godless...no other way to describe it.
And the same thing. States and corps aren’t people. that ends it. As long as gov and courts assign human rights to corps states, etc. you will have this problem. Same solution solves Trump new york lawsuit.
“Good idea, Freepers?”
What are “other corporate entities? Would this stop a company from buying a foreclosed property and renovating it for sale to a family?
Good idea
A state senator or U. S. Senator?
Good, the fact there hasn’t been a national law on thr is shows just how much the Uniparty iis owned by Wall Street
As a free marketeer my instinct is to say ‘no good’. But there is a part of me that says it is good. It’s really not a totally free market. There is a lot of interference and influence peddling. There is a tendency take the path of least resistance and the guy with $50 billion+ is an easy path for regulators and tax collectors and inspectors etc. The deck is stacked in these and many other ways . So a part of me agrees that industrial ownership of single property housing is a bad idea. They will never selll, and reap windfalls from rental income in perpetuity and inhibit individual ownership and probably negatively influence new development via lobbying. So while it shouldn’t prohibited per se, then perhaps it should be incrementally more heavily taxed. The more homes you own the more tax you should pay, to the point that it becomes prohibitive. 1 home shouldn’t be no tax. Two homes some tax. 200 homes heavily taxed. 2000 homes (not developed for sale) 100% tax. Something along those lines. We need policies that encourage home ownership and discourages conglomeration of single family dwellings - and maybe this should apply to other properties like multi tenant and commercial properties. Individual should be encouraged but monopolistic tendencies discouraged.
Yes, a damn good idea. And the existing “investments” should be subject to eminent domain to the benefit of private residency.
Terrible idea. They are stealing from the current owners. Reducing the value of their property by preventing willing buyers from bidding on it.
All property values will fall, property taxes will fall. Since property costs less in the state, poor people move to Nebraska.
A great plan, they make current residents poor, and they attract more poor people to the state. A real formula for success.
There’s not enough information to make a decision, as “…and other corporate entities...” is too vague.
Hawaii tried this. It’s unconstitutional.
It’s also bad economics.
A good thing I think. It may cause values to come down, but I think that’s the idea.
Hope the hedge funds don’t suffer too much but luckily the government will bail them out if anything goes bad.
More info with bill number here:
Bill text here:
https://nebraskalegislature.gov/FloorDocs/108/PDF/Intro/LB1405.pdf
I could see this being challenged on 14th Amendment equal protection grounds.
I support that bill wholeheartedly. I think there should be a nationwide ban on institutions over a certain size buying residential houses as an investment.
And I don’t care if that makes the price of them lower.
Good.
We need more young Americans in those houses and we need them starting families.
I like it...
We are part owners of some isolated land in the Ozarks. We get dozens of letters each month wanting to buy that property, from companies all over the US. I got three letters in one day last week!
All members of the family have agreed NOT to sell.