Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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BREAKING: The FTC is taking action against Invitation Homes, the largest single-family home landlord. (www.ftc.gov)

submitted 3 months ago by [email protected] to c/[email protected]

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"The corporate landlord will also be required to clearly disclose its leasing prices, establish policies and procedures to handle security deposit refunds fairly, and stop other unlawful behavior."

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[–] Furball 53 points 3 months ago (2 children)

Lina Khan is one of my favorite people in the US government right now, the FTC has been doing such good work under her

[–] itsprobablyfine 5 points 2 months ago (1 children)

So I've gotten that impression but admit I haven't been following closely. Could you give like a tldr top 5 or something? Hard to Google that kind of thing

[–] phdepressed 18 points 2 months ago

Generally stopping mergers to prevent monopolies such as preventing Nvidia from buying ARM in 2022
Right to repair being FTC policy from July 2021
Big pharma drug prices being too high (e.g. insulin and inhalers).
She at least tried some stuff against Meta and Microsoft (but those were unsuccessful) but at least she tried-more than any previous FTC chair anyway.
Right in this article, housing prices, this isn't the first landlord/owner class she's gone against.

[–] [email protected] 3 points 2 months ago

Our hero

[–] [email protected] 30 points 2 months ago (2 children)

So while you lemmings are whining and crying about landlords, please try to remember, this is your fucking enemy. Not some dude renting a couple of houses and barely breaking even.

[–] [email protected] 10 points 2 months ago (1 children)

These motherfuckers own over 80,000 properties. You are 100% right, these shit stains are the enemy. Sure wish politicians would do something about it instead of talking about building more properties for them to gobble up.

[–] Furball 2 points 2 months ago (1 children)

How about the FTC literally going after them in this article

[–] [email protected] 1 points 2 months ago

Yeah, that's not what I was saying. They are going after them for being shitty landlords, and that's fine, but I don't see shit happening to stop these parasites from owning so many properties.

[–] brbposting 1 points 2 months ago

👆

First year I rented, I wouldn’t even have wanted to own a house. Leave the person with exactly one small apartment they rent and constantly maintain with excellent standards alone.

[–] [email protected] 17 points 3 months ago

Wow, looking through the article, this company looks pretty damn scummy.

Go get'em, Lina!