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
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.
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.
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.
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.
This will probably go the same way as no tax on tips
He is doing this to leverage Blackrock to cut him a slice of the corruption pie. Nothing to see here folks
Like all his policies this is just going to be another bribery lever he can pull to milk money for himself.
Doubt
As much as I agree with this policy, I know it will never actually stick. Not only will he immediately walk it back once he gets the correct bribe from industry, but members of Congress on both sides would likely stand in unity to vote for some law to block this policy. I’m not anywhere close to a both sides person, but I haven’t heard very many Democrats asking for this type of law.
Democrat congressman or democrat voters? Because I hear this from every dem voter I’ve talked to.
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
Did the thugs at the Blackstone criminal gang decide to play hardball with the recent demand to increase the size of bribes?
Nice proposal, but like Lucy Van Pelt and footballs, Trunp is not known for his integrity.
says
