Cities countiess and states need to start banning corporate ownership of residential property.

And blatantly tax existing corporate owned residential property out of corporate ownership into fast desperate sell off liquidation in avoidance of tax seizure.

Then cap home lones from exceeding 3×primary breadwinner average annual net income. Not combined household income. As many home lones are 10-10×

Even is such policies would crash the housing market as it could rebuild in a way to meet human and environmental needs.

Top | Newest First | Oldest First

badminton · 61-69, MVIP

Private Equity firms and foreign investors are buying up houses by the tens of thousands. They then use that real estate as a place to park money. By reducing supply they drive up costs. Or they rent out the houses at infatuated rates, driving up residential housing costs across the board. As I see it the solution is for congress to pass laws prohibiting corporations from the mass buying of real estate.

Alabamarednek · 36-40, M

@badminton they need to be blatantly targeted with fast bankrupting tax/zoning fee obligations with fast cash only local human resident bidding no minimum starting at $1 auctioning for unpaid tax/fees.

Even if such actions do crash the housing market in the short term.

SunshineGirl · 36-40, F

Yes. Residential property should not be regarded as a financial asset. It is for providing shelter, first and foremost, and accommodation that allows people to be near friends, families, and jobs.

It has been convenient for politicians to tolerate house price inflation that benefits those with property, as a distraction from sluggish growth elsewhere in the economy.

trollslayer · 46-50, M

I would gladly risk a housing market crash to see these home investors lose big time.

Add a comment...