The largest owner of single-family rental homes in the United States is a multinational private equity firm that artificially inflates property values and then uses that profit to bribe our politicians for tax breaks, subsidies, and favorable zoning laws. This is feudalism.
We need to restructure the housing sector by dismantling corporate control, passing strong antitrust laws, and fostering a society where housing is recognized as a human right. This isn't David vs. Goliath. It's Goliath vs. Goliath. We're not the underdog. We can do this.
@davenewworld_2 Ruling class and large corporations staying one step ahead of regulations as usual.
@davenewworld_2 @RyanMarino The boomer couples who like seeing their property values increase are many times more responsible for inflated property values than private equity firms. But keep telling yourself that the problem is private equity firms if it makes you feel better.
@davenewworld_2 Which coincides with corporations like Zillow that use programs to determine areas that are seeing an influx in interest in real estate... And then they go in and buy up the properties and mark them up. Real estate agents then use those marked up prices to value other properties.
@davenewworld_2 @antifaoperative It was nearly impossible to buy my first home because of these corporations buying up with market with cash offers. They destroyed the American Dream for millions of Americans. How very patriotic.
@davenewworld_2 @antifaoperative This can be fixed by changing the tax law to encourage building for sale, and buying to live, and discourage holding property for rental. It can even be revenue neutral.
@davenewworld_2 Damn that’s crazy, if only we had a way to fix this.
@davenewworld_2 My municipality also inflates property values to collect more taxes.
@davenewworld_2 @jamijturner i keep saying the economic system plutocrats and oligarchs have created in our country is not sustainable. When working people cannot pay rent and are forced into homelessness due to unvarnished greed, something must be done.