There was a bill drafted a few years back that would require hedge fund to divest of the residential properties or be taxed. In many cities they have acquired over 20% of residential homes for rentals. Correcting this and getting rid of the international building code that was forced on our cities who received TARP funds (2008 crisis), will have a positive impact on housing affordability for younger generations.
I was working for a person for almost two months (until I got sick again with my lungs, I suspect it was a mold on the roof) who owns a rental business and let me tell you, her rents are over the roof, she rents for few months condos for $12,000.00 and $24,000.00 depends where, if it is close to the beach can be worse. The smallest amount I saw was a condo for $2000 per month. Who can afford that crap?
There was a bill drafted a few years back that would require hedge fund to divest of the residential properties or be taxed. In many cities they have acquired over 20% of residential homes for rentals. Correcting this and getting rid of the international building code that was forced on our cities who received TARP funds (2008 crisis), will have a positive impact on housing affordability for younger generations.
I was working for a person for almost two months (until I got sick again with my lungs, I suspect it was a mold on the roof) who owns a rental business and let me tell you, her rents are over the roof, she rents for few months condos for $12,000.00 and $24,000.00 depends where, if it is close to the beach can be worse. The smallest amount I saw was a condo for $2000 per month. Who can afford that crap?
What in the IBC can you get rid of that would make that much of a difference?