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.
  • Rivalarrival@lemmy.todayEnglish
    6·
    13 days ago

    Raising sales tax won’t do a fucking thing. The increase needs to be on property taxes, so it recurs year after year. And it needs to apply to everyone except owner-occupants. Investors need to abandon renting as a viable business model. They can replace it with private mortgages and land contracts (contract for deed, rent to own) arrangements where the “tenant” gains equity and is considered an owner-occupant.