Housing Bubble 2: Return of the Ugly

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A community for discussing and documenting the second great housing bubble.

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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. (www.notus.org)

submitted 3 months ago* (last edited 3 months ago) by SeattleRain to c/housing_bubble_2

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[–] [email protected] 54 points 3 months ago (4 children)

Raise taxes? Make it fucking illegal for a corporation to own a single family home.

[–] HeyThisIsntTheYMCA 6 points 3 months ago

So long as trusts can still own homes I'm good.

[–] DerArzt 3 points 3 months ago (1 children)

But corporations are people, do you not want people to own homes?

[–] johannesvanderwhales -2 points 3 months ago (1 children)

That would make things pretty hard for builders.

[–] brygphilomena 5 points 3 months ago

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.