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 30 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.

brygphilomena@lemmy.world · 30 days ago

If the loan costs less than what they could make on some other investment. They’ll have mortgages.

But if the loan with a dozen or more homes all together as collateral gives a better rate then they’ll pay cash and do that while using the income to pay that loan back.

They leverage tons of different equity to have higher working capital. More money means more profits.

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