There must be a limit on the amount of rental properties any investor can purchase so that we can increase the amount of available single-family homes in the market. I have personally heard of individuals owning 6 properties and renting them out. Another “team” owned 40+ properties. Because of this, the amount of single-family homes available for single-families is very limited. We must increase the supply.
Possible solutions:
- Limit the amount of properties individuals or teams of investors can own.
- Severely increase the amount of taxes these individuals or teams of investors must pay to own single-family homes that are rental properties.
- Give insane incentives to allow single-families to purchase their first home.
- This could be in the form of very low interest rates on loans and/or government assisted down payments.
This does not affect investors or teams ability to purchase “apartment complexes” or things of that nature. I believe investing in rental properties is a great investment. We just need to increase the supply of single-family homes. It’s not fair that certain people can just buy up all of the supply which raises demand and therefore raises costs of homes. Americans need to be able to purchase a home.