It's defined in a way that prevents that from being an issue.
@lome.smallnub.club Everything I pulled is from Title IX of the Amendment
Ye no prob, to go to the provisions I wanted for reference in the thread I did some ctrl+f. The text formatting on the amendments sucks and the tabbing will make you want to pluck your eyes out. Congress.gov dark mode when?
Links to bills: bsky.app/profile/npgl...
Senate Passed Amendments (S Admt 4308 replaced full text and 4307 adds on): www.congress.gov/bill/119th-c...
House Passed Text: www.congress.gov/bill/119th-c...
Also if you read the whole thread and this, sorry I'm excited about a forced sell of corporate bought up units and be a policy nerd 🙃
For anyone interested in reading it for themselves, here are the links in the post below. It is complicated cause Congress. The main text which passed the Senate is S. Amdt 4308 which was substituted in. The House passed the main text on HR 6644. Both versions need to be reconciled.
I despise Trump, he is a fucking murderous, war-mongering fascist, but if he passes this as is I will give him credit where credit is due. Any Dem who says well we can't let Republicans have a win, fuck you, people shouldn't have to keep suffering current housing prices because Rs may look good.
They are terrified 42 Senate Republicans voted with 46 Senate Dems + Sanders to pass it. They are scared this provision came from an amendment from Tim Scott of all people. It passed the Senate. I hope it passes the house as is.
The institutional owners are terrified and are activating every centrist and right-winger they can to oppose it, lying about decreased incentive to build being the reason. The real reason they are scared is the forced sell of current cash cow (in 7 years lol) in rental stock of single family homes.
And the institutional investors can't easily just sit on their hands and eat the penalties. It is a minimum penalty of $1M or 3 times the purchase price, whichever greater, per EACH unit in violation.
It doesn't take a rocket scientist to figure out your construction costs are not going to exceed 7 years worth of rent and whatever you sell the house for. The companies will still make profit. It increases supply in housing market of houses being sold not rented despite what every opponent says.
The claim from them is no company will want to build if they are forced to sell, and every single abundance lib account acts as if a company can't make a profit both renting the unit for 7 years and then selling the asset.
The abundance people allying with the worst right-wingers to try to strip out this provision in the housing bill is annoying. The provision forces the sale of single-family homes being used as rentals after a 7 year holding period if the owners have more than 350 units.
LOLOLOL
Happy Bap
The trailer for EVERYONE IS LYING TO YOU FOR MONEY. In select theaters starting April 17th 🍿🤑🤣
The Russ plush <3
btw dragon concept has been done for a while now but I forgor to post him
Woooof
It's time for comms again! You can apply until midnight on Sunday and comms are handpicked, so don't feel like you have to rush
You can apply here forms.gle/M5aVkSbhRtZp...
Sammy just needs some help before class (he's a trusty TA after all!)
(We've gotten enough reskeets/likes on the base pic to get another stage/date with Sammy, and for now, looks like he's... somewhat in control of himself ;3)
Here's the first-ever Linkedin message from this company, which seems to be a small company run by two millennials with some background in migrant shelters.
Four months ago they suggest they won a contract to run a "mass care site" in Lexington, KY, but this is their first-ever federal contract.
Marshy teased me about forgetting to post art 😤
Pizza Friday~
Windows 13 rumored to be "collecting hearts released from heartless" in an attempt to open Kingdom Hearts, sources say
I lol’ed tho.
Also, fuck the Texas GOP!
Hi hello just QRPing some info abt this coming in from the other site. This news is fake, it was a hallucination.
That's right. You got no leg to stand on, Newsom supporters. Shut your hole. We don't need anti trans anti homeless greaseball shit. North Carolina is purple, it's not some blue stronghold.
Fucking finally. Now we need protections for works being fed into AI. Have it ruled that AI training on them is not fair use.
You're never going to achieve class solidarity here or political viability when you tell a bunch of young folks that they should just stay poor to stay morally pure. You're not shaming the people in power who created that choice in the first place. It excuses the systems that create these atrocities
