A bill introduced in the House and Senate would prevent hedge funds from owning single-family houses in the United States.
  • Wutangforemer@lemmy.world
    121·
    7 months ago

    The solution is to make hoarding rental properties an unattractive investment. Put an escalating tax on owning multiple residences. If the 5th property is at 40% tax every year it’s no longer a money maker in a competitive market. Put the money towards tax rebates for single mortgage interest. Now you have buyers back in the market and landlords looking to sell.

    • calypsopub@lemmy.world
      42·
      7 months ago

      Excellent suggestion. I don’t mind people having a second home or a couple of rentals, but more than that is just greed.

    • UnderpantsWeevil@lemmy.world
      1·
      6 months ago

      Put the money towards tax rebates for single mortgage interest.

      Or just use it to construct new multi-family units that are sold at cost of construction.