The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.

The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.

  • @J12
    26•1 year ago

    This would be the biggest game changer for our country. Let corporations own all the apartments they want but keep them out of single family housing. There’s no reason for corporations to hoard and sit on housing, letting them sit empty and raising the prices of the occupied ones. Single family Housing should not be an investment opportunity for corporations.

    Let’s bring down housing prices, and people will have a hell of a lot more money to spend on other things to keep our economy moving.

    Then after that let’s do Healthcare and Education.

    • @Sunforged
      13•1 year ago

      Why stop at single family housing?

      I live in a house that was sold at below market rates, under the condition that I will also sell to the next homeowner at a below market rate, there is a fixed equity gain each year to cover general home owner costs. I own the house, the city owns the land the house is on, HOA covers outside upkeep like roofing, window cleaning and driveway maintenance. This is known as a Community Land Trust.

      There is no reason this method of housing can’t also be applied to folks that live in an apartment. Fuck corporations they shouldn’t own anything.

    • @[email protected]
      13•1 year ago

      There’s no reason corporations should be involved in housing period. Housing is a human right and we should be treating it that way

      • @Mystech
        1•1 year ago

        US Healthcare Industry would like a word…