A large part of the inflation of single family home prices is due to large corporations including; Blackstone, Firstkey, and Invesco. These companies are hiring “wealth managers” that’s soul purpose is to increase net flow income into corporate leaderships pockets. This in result is raising single family home prices while the working class’s income has not changed. With the current stress of our economy and inflation, it only makes the rich richer and the American dreams die.
Placing a ban on any corporation or LLC on purchasing these single family homes for anything OTHER than business purposes would be extremely helpful (ex: companies who’s only role is renting would be exempt). This can be done by the IRS monitoring how corporations are spending their funds on an annual basis.