Let’s stop all those big institutions from buying homes and driving the cost of rent and home prices up. They own enough and have ruined the cost of affordable homes for the middle class. Homes just keep getting out of reach for us.
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Investors (Blackrock, Vanguard, State Street, Berkshire Hathaway, Bill Gates, China, Zionists) currently buy over one third of all residences. Not good for building communities. Rents have tripled.
A better solution is to gradually shift property taxes from individual homeowners to investors. This eliminates most individual homeowner taxes and makes home purchase more affordable. Increase the homestead exemption $50k/yr for the next decade. Texas started in that direction with the homestead exemption just increased from $40k to 100k. Keep it going to $500k.
Result: some investors will raise rents while others progressively dump their residences on the market (lowering home prices), thus simultaneously increasing home ownership and shrinking the rental market.
The same model can be applied to commercial premises. There is also a looming crisis in commercial real estate that could also be solved by business owners owning their buildings (or co-op in the case of larger multi business structures) and their land, not land lord investors.
Aside, we could also rethink sending the Voldemort country (that which shall not be named) $275 million per day.
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Go to your local zoning board and ask for owner occupied zoning it’s been Court tested and is legal. This keeps private equity from property in your local area. Even if you just do it with like a minimum of a 5-year owner occupied zoning it will keep private equity out cuz it’s hard for them to live in every place they buy
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Owner occupied is too restrictive and too drastic a change. Homestead exemptions for homeowners transfers residential taxes to investors.