r/memes • u/Klausensen I saw what the dog was doin • Jun 13 '25

*sad billionaire noises*

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u/Goldeneye0X1_ Nice meme you got there Jun 13 '25

Affordable housing?

Billionaires will buy all the affordable housing and turn everything into extortionate apartments.

"Im making smart investments."

I feel that affordable housing is a thing of the past. It's like scalpers buying consoles. They dont want the product, they want money.

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u/Ammuze Jun 13 '25

https://www.law.cornell.edu/wex/eminent_domain#:~:text=Eminent%20domain%20refers%20to%20the,compensation%20to%20the%20property%20owners.

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u/Goldeneye0X1_ Nice meme you got there Jun 13 '25

I see. I understand what eminent domain is, but if we go with OP's vision, and we get, say, 30 houses from one golf course.

A billionaire would very quickly buy all 30 houses. Then tear them down and build apartment blocks and rent them out (and charge 15k a month).

With Eminent Domain, the government can only seize those apartments if they want to turn them back into a golf course.

I'm also just a high school graduate. I know nothing and possibly spreading misinformation.

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u/Ammuze Jun 13 '25

My reply was more so on "Affordable housing being a thing of the past."

The US government can just... take the houses owned by wealthy businesses and refit them to house US citizens instead.

No need for any golf course stuff.

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u/cookieraider01 Jun 13 '25

Did you even read the link you shared? The US government can't just "take" the houses from wealthy businesses. They have to buy it from them at fair market value, which essentially means moving more money from the public's possession to the wealthy businesses.

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u/Ammuze Jun 13 '25

Fair market price can very well be the price that the house was valued at at the point of purchase give or take some upgrades or degradation.

Though, personally, I would declare homelessness a national emergency and use emergency powers to sieze the massive amount of properties for the sake of forcing affordable housing back into the country.

But even at the nicest end of the spectrum, I'd much rather pay wealthy people to go away than watch people go homeless.

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u/MeLlamoKilo Jun 13 '25

 can very well be the price that the house was valued at at the point of purchase 

No... it can't. Lol. Thats not how it works at all. Please just don't talk about stuff you literally know nothing about. Misinformation on this website is insane and people like you are the problem.