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 1 month ago* (last edited 1 month ago) by SeattleRain to c/housing_bubble_2

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[–] [email protected] 54 points 1 month ago (4 children)

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

[–] HeyThisIsntTheYMCA 6 points 1 month ago

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

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

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

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

That would make things pretty hard for builders.

[–] brygphilomena 5 points 1 month 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.