Many of the world’s largest investment firms have launched new funds over the past couple of years aimed at acquiring or building single-family homes to use as rentals. This comes as no surprise considering that the increased cost of buying a home has forced many Americans into being tenants instead of homeowners. Arrived, a young real estate company backed by Amazon.com Inc. founder Jeff Bezos, has just announced its entry into the single-family rental fund space. Arrived currently operates a f
I think corporations should be limited to owning a small quantity of sfh. Maybe a dozen unless they can show a compelling reason such as housing for employees.
Sfh are meant for families.
We don’t want company towns, there should be no exceptions.
Maybe put in a few exceptions for things like remote research or production facilities where no real town or civilization in general exists around them. Basically the kind where rotating worker shifts are stationed for 3-6 months at a time and then move back for a few months off.
Just scale the tax, it’s so fucking easy to fix. But if they wait it’ll become a giant problem where some awful company or groups of company will fail and break the economy for a while etc etc.
All you have to do is scale the tax. 1 house normal tax rate. 2 houses 2x tax rate on all properties. 3 houses 3x the tax rate on all properties.
Numbers probably need adjusting but that keeps things reasonable, even for small landlords you can scale it so its fair and keeps properties local and even a good investment vehicle for individuals but prevent it from becoming an exploitive market by giants corps.
Trump changed salt for personal taxes. Just make the rules cover corporations as well. I got fucked in salt