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.
Khanna introduced a bill on Tuesday going after private equity investors who have been buying up homes as speculative investments.
cross-posted from: https://lemmy.world/post/21188435
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I wonder how many members of Congress own rental properties
This is specifically about corporations owning private property. Fuck landlords but i'd rather rent from a private citizen than an llc.
Meh. I had much better luck with corporations than private landlords. The people working for corporations generally want to do a good job and keep people happy. Owners want to minimize costs and invade your privacy to make sure you aren't causing too much wear and tear, since that's money otherwise going in their pocket.
Both will end up with shitty carpet and cheap appliances, of course.
I agree for the most part. I do think that the businesses that provide/manage properties should be public benefit corporations or whatever the local equivalent is. Housing is an essential human need. In an ideal scenario, profit wouldn't even be a factor, but I'd settle for it not being the first priority.
I totally agree. In Holland we have woon corporaties, literally "companies for places to live". Of course, these have struggled in the face of decades of center right, pro-business governmental policies.
Probably all of them
That "probably" is just based on complete ignorance. Don't just throw out nonsense like this, especially when you have no idea.
Aw poor baby. Did I upset your rich overlords? Cry me a river.
Yes, because I called out your ignorance, that clearly means I must have rich overlords. Lol This is some batty ass shit.
I'm not so sure. The knee-jerk reaction of the cynic in me is to agree with you, but I actually think it's fairly unlikely that they own rental properties specifically. Many, if not most, probably own multiple properties as rich people are wont to do but, I would imagine that most of those are just "summer homes" or similar rather than something that is rented out as a "landlord" in the way most people think of it. It is possible that they could be investors in these funds, REITs, or other such vehicles which would make them indirect owners of these items.
AirBNB can be more profitable so I've read.
It would be nice for Congress to make a report about it at least the percentage of congresspersons that make a portion of their income through commercial and rental properties and likewise financial investment.
because i would like to compare that report to their voting records on such topics. i mean if they come from a district where they own rentals and vote against public housing that is a conflict of interest especially if their voters are stuck in housing deserts.
They are OUR reps as much as we are their voters.