Quote:
Originally Posted by Kngkyle
So make it illegal for the family that owns the property to sell it to an investor? How is that fair to the family that wants to sell their home for top dollar? Just throw property rights out the window because you can't afford to buy a home in the neighborhood you want?  |
Zoning already erodes property rights. As it is we already have tons of laws regulating economic behavior where the right of an individual to maximize profits is curbed to protect the greater interest of society as a whole. Most people aren't libertarian purists when it comes to economic and financial laws. We give up pieces of our freedom so that we can live in a functional society.
Laws preventing Wall Street from becoming America's landlord are probably something most people could be sold on if they think it would be good for the community writ large.