Mr. President,
We need your help! Please make this a priority. We need you to get legislation passed which will ban cash buyers, unless of course no one else wants to buy the property.
Think about it;
First, you're telling everyone how bad things are and here's all these investors running around, with all this cash, buying real estate. Personally, I think this is bad for your image, and you know it's never too soon to think about your reelection. That alone should be reason enough to get started on the ban.
Also, your neighborhood revitalization programs, where cities and other governmental organizations can buy properties, is being impeded by these d-- investors, who swoop in and snatch up this real estate, once again using cash. Why it's UnAmerican. You have to prevent them from ruining your attempts to reallocate and give away money.
And the first time homebuyers are getting frustrated as they are continually being beat out by investors with cash. You've just got to do something. I'm sure you can persuade the Congress to pass such a ban, and if not maybe they could just attach it as a rider to an extremely popular bill.
I know you can do this, but if somehow the ban doesn't pass, maybe you could just tax the investors to death, and help finance some of the programs that we've borrowed so much money to implement. No rate would be considered to high. It's like, their civic duty to pay the tax and help out.
Well, I know that you'll do the best you can, you always do.
Thanks,
Jay Beckingham
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