The 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.

@SeattleRain@lemmy.world · edit-2 28 days ago

The 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.

@agamemnonymous@sh.itjust.works · 28 days ago

Howso? Genuinely curious

@scutiger@lemmy.world · 27 days ago

It’s a pretty simple A>B consequence. If the house is being bought to make a profit on rent, then raising the cost of the house means increasing the cost of the rent. The buyer will have calculated how much rent to charge to make a profit in a given timeframe. None of these businesses is going to buy a house for more money and purposely choose to reduce their profit.

The 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.

The 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.

Ro Khanna Goes After Wall Street Landlords to Address Rising Home Prices