How about they just make it illegal for corporations to own houses?
Ding ding ding!
But think of the corporations! How will they continue to bleed the people dry with rent and artificially expensive homes??
Corporations are people too!
We're gonna need a bigger jail.
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.
There's no reason corporations should be involved in housing period. Housing is a human right and we should be treating it that way
US Healthcare Industry would like a word...
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.
Just tax any home other than your primary residence at 100% of the assessed fair market value per year. Hell, make it 100000%. This includes apartments, condos, townhomes, mobile homes. It would solve a lot of problems real quick. Some “real estate moguls” might have to find a real job for once in their life but it will be good for them. I hear they like to hustle.
Conservatives would never, ever let that happen. Conservatives help billionaires specifically because it hurts normal people.
The Treasury Department will soon PROPOSE a rule.....
Bets on whether it goes through?
We’re going to need a few loopholes first.
Sure hope this doesn't end up morphing into a law that fails its core objective and end up fucking over poor people somehow!
15 years too late.
Another blow to Trump - they just keep coming.
Anyone remember when a bunch of Russians bought up a bunch of trump real estate?
Always amazed how blatant this is and yet the GOP only screams for Hunter Biden dick pics.
Uh-oh, looks like someone is going to have to buy Clarence Thomas another RV to get out of this one!
The long-awaited rule is expected to require that real estate professionals such as title insurers report the identities of the beneficial owners of companies buying real estate in cash to the Treasury's Financial Crimes Enforcement Network (FinCEN).
No more corrupt oligarchs, just straightlaced god fearing American oligarchs like ~~Blackrock~~ Blackstone and State Street 🥰
*Blackstone
u right thank you, editing my comment
can we do Canada next please
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