Stop investors from buying all single family homes

[InfiniteLove (tonya merton)]

There’s a shortage of affordable homes because investors are buying them all up. That leaves people stuck in apartments/condos. Not acceptable.

[patrick (Patrick L Klodt)]

If I own a house that an investor wishes to pay a higher price for then an individual why would I as the home owner be subject to a loss? A law as such would run afoul of the taking clause. What is needed done is a sound money policy from the Federal Government and a loosening of land use laws.

[Richard_Wolf (Richard L Wolf)]

I posted a proposal almost a year ago.

Single-Family Home and Land Ownership Protection Act

Title: Single-Family Home and Land Ownership Protection Act Section 1: Short Title This Act may be cited as the “Single-Family Home and Land Ownership Protection Act.” Section 2: Findings and Purpose (a) Findings Congress finds the following: The increasing acquisition of single-family homes and land purposed for single-family dwellings by corporate entities and institutional investors is reducing access to affordable housing for private citizens. Private ownership of single-family homes …

[Mdrolle (Mike Rolle)]

No, it wouldn’t run afoul of the “takings” clause. How did you come up with that?

“Investment houses” should NOT be able to compete against citizens for residential property, PERIOD, IMO.

That said, this is not the primary issue here.

The PRIMARY issue is regulation/legislation instituted by democrats, un agenda 21 (30, 50, and “sustainable development goals”), and the subsequent local BOS, ICLEI, ABAG (look it up if you don’t know), that (all but) prevents building single family homes in favor of high density housing and “smart cities.”

Patrick, if you really don’t care about this yet, it might be ideal for you to consider the end result (which is what “they” want); a society of renters, with ever increasing costs. As I said, that is what they want.