The Stop Wall Street Landlords Act has been introduced in Congress by Rep. Ro Khanna. The bill would raise taxes on the purchase of single family homes by private equity and corporations.
The Stop Wall Street Landlords Act has been introduced in Congress by Rep. Ro Khanna. The bill would raise taxes on the purchase of single family homes by private equity and corporations.
Khanna introduced a bill on Tuesday going after private equity investors who have been buying up homes as speculative investments.
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Raise taxes? Make it fucking illegal for a corporation to own a single family home.
So long as trusts can still own homes I'm good.
That would make things pretty hard for builders.
Yea, but something that could be easily worked around. Corporations must list single family dwellings for sale within X amount of time construction completes. Corporations are forbidden from renting out single family dwellings.