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Harris supports a 44.6% tax on Americans for selling their homes: Report
(americanmilitarynews.com)
this post was submitted on 22 Aug 2024
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When there's a company with $1 billion dollars in cash competing with people's needing to take out 25 year mortgages at 5% interest, and the company sees it as a way to profit, the company will outbid the individual every single time and drive up market prices.
Individuals buying with the added cost of interest will never be able to compete with corporations that's have cash on hand and can make a profit by renting out the house.
The more homes a company owns, the more capital it warms to buy more homes.
You don't need one company in the country, you just need a few in a single desirable city.