The H.O.M.E. Act - the Housing Ownership Maximums for Everyone

Economy
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1

Plan for Housing Market. This will cost nothing to the goverment, increase wealth, lower housing costs, allow businesses to improve properties, and stop overseas interests from taking over the housing market.

The maximum number of properties (addressed location) that are zoned for residential owned by an individual, married couple, household family, or business in one state is 5. Maximum Nationwide is 10.

a. This removes interest groups buying up homes and artificially raising the values.

b. Anyone currently over the limit must sell properties to become compliant. They can only purchase 1 new property in this first year of law until they have returned to compliance, regardless of how long that takes. If they cannot sell (low ball or no offers) they have two options:
1. Proof of 30% of portfolio sold that tax year showing an attempt
2. ALL properties owned receiving a Federal Property Tax of +30% the first year(A) up to +60% the second year(B), and up to +90% every year afterwards until compliant(C)
3. Purchases of new properties over the limit can happen without increase, as long as property is not held for more that 90days. If a sale falls through during sale, tax will apply to the tax year of the 91st day. More than 2 violations causes tax penalty to increase to next letter

c. This floods the housing market immediately with available homes, increasing supply and lowering prices.

d. Banks inclined to lower rates to compete with all the new business

e. Those with multiple homes can still have many homes, and even rent out homes still. Businesses that run complexes can stop racking up properties and strategicly improve, sell, and buy new properties to increase growth and profit instead of racking up quantity and allowing properties to fall apart.

f. This is a new revenue stream for the government with an easy path to non punative taxes. This floods the market with nice homes now without spending money. This stops price gouging valuations on homes. Companies can still invest in residential, business, and industrial with only a limit on residential and mixed-residential.

g. Investors can put new cashflow into replacing property for a nicer one for a higher income, or invest in businesses, growing the economy further.

h. Home “Flippers” can still have multiple properties in stages of improvement with no issue.

2

So I really like your idea, and I want you to know you’re going about your fix the wrong way because this kind of a fix pretty much guarantees property will stay in the hands of Black Rock and they will get a massive tax break because what they’ll do is just open another business up under the umbrella of black rock or whatever equity group it is. It most likely wouldn’t stand up to a constitutional challenge either because it is an American company most of the private equity companies that are buying up the houses are American companies.

However that does not mean there is not a fix because there is it’s owner occupied zoning and it’s done on the local level because it’s a states rights issue not a federal government issue but yeah it’s a locally take it to your local zoning board it has been Court tested. The courts decided that yes owner occupied zoning, even if it’s just owner occupied Zoning for 5 years. it is legal because if you have an owner living in the home he’s going to keep the home up better because he owns it which will keep the property taxes up it will also keep the property taxes up in the surrounding areas and they’re more likely to put more money into the community because they actually live there.

3

Lets just dismantle the IRS completely and not worry about it.