YNS's proposals aren't even good ideas - the only truth in them is that the government shows its teeth and punishes those who misbehave.
In this scenario of you being a multiple home owner youd be a guy with a lot of money investing into an environment where the asset value rises so rapidly that you can eat these taxes, sell later, and make good dividends anyways (if im not mistaken as i am a tax noob)
Why not?
You don't even have to codify any of it; if it's known that Uncle Sam will murder you for misbehaving it'll just become a thing.
it seems like what YNS describes is exactly what you suggested, that the government does not think long term enough and if htey did they would make better economic decisions that benefit us more
This was literally the main concern of NAFTA when it was being passed by bipartisan globalists in the 80s/90s, like what are jobs and wages going to look like for Americans 15-20 years in the future when anybody can do the math and realize it does not make financial sense to hire Americans to really do anything anymore.
China literally became a global economic superpower off of the greed of globalists, theyâve also had just a substantial improvement of QoL for workers and citizens over there
I don't think strict isolationism is a good idea economically.
The idea is to codify US businesses employing actual Americans instead of outsourcing literally everything
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importing resources and specific goods is probably a different story than what he said
The idea of housing has always traditionally been that it is an asset that will beat inflation but not by much (e.g a safe bet over the long term but you can invest money elsewhere for a bigger return) when you have Chinese people parking their money in America and large corporations spending billions to turn people into renting slaves you just add a level of speculation to the housing market which fucks individuals out of the ability to afford houses.
The guy who buys all the houses to have a rental business isnât a concern because itâs basically the dumbest shit to do as you probably make minimum wage, you barely turn a profit on rentals until 10 years later, even then there just isnât enough liquidity from people wanting to do home rental businesses to drive the price of housing up as it has
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I think it's more of a corruption problem.
Itâs just a symptom of the disease of globohomo
you make good points but
there is a probably a decent amount of unrealized liquidity here from a complete lack of options in regards to easily doing this or some "figured out method" that would make it more straightforward to do.
China has fully embraced globo(not-homo) but they execute CEOs who lead to the death of like 6~ babies.
I think the core problem is they're all demon worshipping pedophiles.
No itâs been done and thought through countless times by everyone, you are right in that the true value comes from the rise in price of the underlying asset, the actual money you get from a rental is so stupidly low it doesnât even really make sense compared to the risk
"only hire American" looks almost like "hire more blacks and women" if you squint your eyes.
If the free money glitch economy glitch of getting mortgages, renting them out then getting another home mortgage really worked I would be doing it trust me
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lmao im definitely not suggesting longing that kind of approach
theoretically if you target the right markets that are being predated on and assuming nothing happens to the current housing investment scheme being abused i dont see why that wouldnt work out
People do it all the time but you do the numbers and youâre making like $400 a month off this home and putting down 50k per house itâs just stupid you can do literally any other business and make more money
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