Is it greed? Yeah.
this post was submitted on 18 Oct 2024
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Inflation will start to increase as well as the federal reserve cuts rates. Housing will become more expensive as a result and rent will follow shortly after.
tldr: rents will go down once landlords are unable to find willing renters for a long enough period of time that the petite landlords will start to need the rent money and begin accepting smaller rents; which their algorithms say is in 2026.
Or we pass legislation forcing Hedge Funds to divest immediately, and fine them monthly if they don't comply. I'd vote for that.
Disallow any single entity from owning more than 1 residential property per county.
Then what are banks to do with their foreclosed inventory and probably a dozen other things I'm not thinking of? There's a line, but 1 ain't it.
I was thinking 4 max per single owner and give banks exceptions for foreclosures.
I don't begrudge people their vacation house in addition to their regular house and I also understand that people's parents might pass away and leave you their houses.
Either 4 max or 2 max and give an exception while you have the extra inheritance houses on the market.
Either way once you reach more than 2 they should be HEAVILY taxed, enough where most of the rent you earn should go toward the taxes and make it unviable to own and rent unless you're filthy rich and can afford the insane taxes on it.
Yeah, we’re never going to find an arbitrary amount that satisfies everyone.
Access to housing, like education, healthcare and water should just be considered essential and not allowed to be run for profit or owned by a corporation, hedge fund or any entity beyond a person.
But thanks to Citizens United, they are people!
National rent control
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https://www.axios.com/2024/10/18/high-rent-inflation-last-until-2026?utm=axios_app