441
submitted 11 months ago by [email protected] to c/[email protected]

The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.

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[-] [email protected] 134 points 11 months ago

How about they just make it illegal for corporations to own houses?

[-] [email protected] 47 points 11 months ago

Ding ding ding!

But think of the corporations! How will they continue to bleed the people dry with rent and artificially expensive homes??

[-] [email protected] 9 points 11 months ago

Corporations are people too!

[-] [email protected] 1 points 11 months ago

We're gonna need a bigger jail.

[-] [email protected] 27 points 11 months ago

This would be the biggest game changer for our country. Let corporations own all the apartments they want but keep them out of single family housing. There’s no reason for corporations to hoard and sit on housing, letting them sit empty and raising the prices of the occupied ones. Single family Housing should not be an investment opportunity for corporations.

Let’s bring down housing prices, and people will have a hell of a lot more money to spend on other things to keep our economy moving.

Then after that let’s do Healthcare and Education.

[-] [email protected] 13 points 11 months ago

There's no reason corporations should be involved in housing period. Housing is a human right and we should be treating it that way

[-] [email protected] 2 points 11 months ago

US Healthcare Industry would like a word...

[-] [email protected] 13 points 11 months ago

Why stop at single family housing?

I live in a house that was sold at below market rates, under the condition that I will also sell to the next homeowner at a below market rate, there is a fixed equity gain each year to cover general home owner costs. I own the house, the city owns the land the house is on, HOA covers outside upkeep like roofing, window cleaning and driveway maintenance. This is known as a Community Land Trust.

There is no reason this method of housing can't also be applied to folks that live in an apartment. Fuck corporations they shouldn't own anything.

[-] [email protected] 1 points 11 months ago

Conservatives would never, ever let that happen. Conservatives help billionaires specifically because it hurts normal people.

[-] [email protected] 48 points 11 months ago

The Treasury Department will soon PROPOSE a rule.....

Bets on whether it goes through?

[-] [email protected] 16 points 11 months ago

We’re going to need a few loopholes first.

[-] [email protected] 10 points 11 months ago

Sure hope this doesn't end up morphing into a law that fails its core objective and end up fucking over poor people somehow!

[-] [email protected] 8 points 11 months ago
[-] [email protected] 30 points 11 months ago

15 years too late.

[-] [email protected] 22 points 11 months ago

The long-awaited rule is expected to require that real estate professionals such as title insurers report the identities of the beneficial owners of companies buying real estate in cash to the Treasury's Financial Crimes Enforcement Network (FinCEN).

[-] [email protected] 16 points 11 months ago

Uh-oh, looks like someone is going to have to buy Clarence Thomas another RV to get out of this one!

[-] [email protected] 16 points 11 months ago

Another blow to Trump - they just keep coming.
Anyone remember when a bunch of Russians bought up a bunch of trump real estate?

[-] [email protected] 8 points 11 months ago

Always amazed how blatant this is and yet the GOP only screams for Hunter Biden dick pics.

[-] [email protected] 2 points 11 months ago

can we do Canada next please

[-] [email protected] 1 points 11 months ago
this post was submitted on 10 Aug 2023
441 points (99.6% liked)

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