This page is a permanent link to the reply below and its nested replies. See all post replies »
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 · 41-45, 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.
Even if such actions do crash the housing market in the short term.