Some investor folks won’t be happy until all the peasants live in Pottersville… There needs to be steep increases in tax rates for anything beyond a 2nd home to make investing in multiple homes less profitable. Housing is a place to live and raise a family and now it’s treated like buying mutual funds and hoarding stocks. Making us a nation of renters won’t exactly improve our fabric as a nation.
When it comes time where I ever have to sell my house I’m refusing to sell to an investor who will turn it around and rent it out like he saw from a TikTok investor. I’d gladly sell it to a young family starting out who will live in it even if it means I don’t squeeze every drop of blood money out of the sale. Now get off my lawn.
In your state there are laws all over the place, this is what voters vote for.
IN most states, including here next door in South Carolina (and I know where I came from in NY), anyone who owns a home and not their primary pays THOUSANDS a year in higher property taxes. If you want them higher in your state, you need to press the issue.
I want home prices as high as possible, I LOVE seeing my home increase in value, just like my parents did before me and my grandparents before that. There are plenty of homes available for those who work hard for one.
If I sell my home, chances are I will just go to a corporation such as Open Door. They give me a quote on line, stop by the house, firm up the price and offer to pay me within 30 days. Done, no different than bringing a car to Car Max. It is the future.
Homes will never be priced more than the public can afford. If they were, they wouldnt sell.
Simple math but media sensationalism makes it sound like homes are unaffordable, life has never been more easy on the youth today in the history of mankind.
What we need are realistic higher interest rates of 8% then homes wouldn't seem so expensive to some but the payment would be the same.