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. - eviltoast
Ro Khanna Goes After Wall Street Landlords to Address Rising Home Prices
www.notus.org
Khanna introduced a bill on Tuesday going after private equity investors who have been buying up homes as speculative investments.
  • Betazed@lemmy.sdf.orgEnglish
    3·
    14 days ago

    I agree for the most part. I do think that the businesses that provide/manage properties should be public benefit corporations or whatever the local equivalent is. Housing is an essential human need. In an ideal scenario, profit wouldn’t even be a factor, but I’d settle for it not being the first priority.

    • iknowitwheniseeit@lemmynsfw.com
      2·
      14 days ago

      I totally agree. In Holland we have woon corporaties, literally “companies for places to live”. Of course, these have struggled in the face of decades of center right, pro-business governmental policies.