“Starter Home is Dead” - Trump’s Housing Bill Limits BlackRock Type Institutions
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Top Comments (10)
Most regular people don’t want giant corporations and foreign interests buying up single family homes and turning them into rentals.
If they really want to help home affordability. They should ban property tax on people's primary residence.
So I bet each company will create a bunch of smaller affiliated corporations that will each own 350 homes to get past that bill
A corporation should never be able to own a single family home.
Not only priced out new buyers but increased property taxes to nearly unaffordable rates.
This is TOO late. Black Rock and Vanguard already bought millions of homes.
The first mistake is that they labeled it free market capitalism. When you bail out financial institutions and print money to keep the system liquid, the system is anything but free market.
Rental contract and leases are currently getting crazy.
Property Tax is out of control in the Northeast
I literally had to offer 10k over asking price to outbid a private investment group on a home I am trying to purchase for myself to live in. The loan won't cover anything over the homes value and according to the survey on the home it is worth exactly 10k less. I have to pay 10k out if pocket extra. They are basically playing real life monopoly here and getting away with it. What a disgrace to our children's future.
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Top Comments (10)
Most regular people don’t want giant corporations and foreign interests buying up single family homes and turning them into rentals.
If they really want to help home affordability. They should ban property tax on people's primary residence.
So I bet each company will create a bunch of smaller affiliated corporations that will each own 350 homes to get past that bill
A corporation should never be able to own a single family home.
Not only priced out new buyers but increased property taxes to nearly unaffordable rates.
This is TOO late. Black Rock and Vanguard already bought millions of homes.
The first mistake is that they labeled it free market capitalism. When you bail out financial institutions and print money to keep the system liquid, the system is anything but free market.
Rental contract and leases are currently getting crazy.
Property Tax is out of control in the Northeast
I literally had to offer 10k over asking price to outbid a private investment group on a home I am trying to purchase for myself to live in. The loan won't cover anything over the homes value and according to the survey on the home it is worth exactly 10k less. I have to pay 10k out if pocket extra. They are basically playing real life monopoly here and getting away with it. What a disgrace to our children's future.