Bear Ribs
Well-known member
They aren't trying to control the entire US housing market, they're controlling a few key areas in a few cities. You don't have to own the entire desert, just the watering holes.In order: so what? That's barely a fraction of a percent of US housing. It's a non issue.
Yes, but lobbyists are the ones getting the zoning laws put into place. Zoning laws don't write themselves. People and companies push them, pretending that it's the law's fault is blowing smoke over the source of the problem.As for zoning laws, yes, but that's the zoning laws preventing people from getting housing, not the company. Without the company, it's still impossible to buy in those places.
You're seriously stuck on the idea that a company has to influence the entire US market at once to do anything aren't you?Billions is nowhere near enough to affect the US housing market. The NY state housing market alone is $2.5 Trillion. They are multiple orders of magnitude away from being able to do anything.
2020 U.S. Housing Market Gains Were Biggest in 15 Years
/PRNewswire/ -- U.S. housing gained nearly $2.5 trillion in value in 2020 -- the most in a single year since 2005, according to a new Zillow® analysis. The...www.prnewswire.com
No. Depreciation is still a thing in the Trump tax plan, in fact, it was greatly expanded.Right here I'm pretty sure you are wrong. Depreciation as a tax thing isn't needed anymore (it's a stupid idea to begin with) as of the Trump tax plan. Instead losses work more sensibly as all expenditures are losses now instead of phased in over years.
And using housing as a tax shelter isn't smart. You pay taxes on housing to the local municipality, at the very minimum.
In short, there's no conspiracy, just a company out for money as a shield vs inflation.
I'm not even sure what you're imagining the word "conspiracy" means in this context, regardless of their strategy they're obviously a company working to make a profit. We're discussing how, the "conspiracy" here is that they're buying up housing in specific areas, allowing them to get a monopoly in key neighborhoods and cities and we're seeing abusive practices in those areas, this isn't in dispute as it's specifically spelled out in the sources above. What makes it irritating (and perhaps a bit conspiratorial) is that they're using taxpayer money to do it.