A bill introduced in the House and Senate would prevent hedge funds from owning single-family houses in the United States.
  • Wutangforemer@lemmy.world
    91·
    11 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
      32·
      11 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
      11·
      11 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.