this post was submitted on 23 Oct 2024
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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 2 weeks ago* (last edited 2 weeks ago) by SeattleRain@lemmy.world to c/housing_bubble_2@lemmy.world
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[–] TurtleTourParty@midwest.social 2 points 2 weeks ago

For #2 in my area people already pay a decent amount more in property taxes if they don't live in the property. Also companies (and even individuals) usually makes new LLCs for each building they own for liability reasons, so it would have to include a provision for calculating who owns all the LLCs.