FenrirIII to politics • 1 day agoThe 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.orgexternal-linkmessage-square39arrow-up1544arrow-down11file-textcross-posted to: housing_bubble_2
arrow-up1543arrow-down1external-linkThe 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.orgFenrirIII to politics • 1 day agomessage-square39file-textcross-posted to: housing_bubble_2
minus-square@someguy3link56•edit-223 hours agoRaise taxes? They’ll just pass the cost on to the renters. We need to forbid then from buying houses.
minus-square@reddit_suxlink18•21 hours agoYes beyond a limit that property would be unrentable due to high rent. Then since the property owner still would have to pay taxes on the property he might sell it. That is if the law is properly worded and properly applied.
Raise taxes? They’ll just pass the cost on to the renters. We need to forbid then from buying houses.
Yes beyond a limit that property would be unrentable due to high rent. Then since the property owner still would have to pay taxes on the property he might sell it.
That is if the law is properly worded and properly applied.