Wall Street has purchased hundreds of thousands of single-family homes since the Great Recession. Here's what that means for rental prices
www.cnbc.com
Corporations backed by private equity groups such as Blackstone and Pretium Partners bought tens of thousands of homes across the U.S. Sun Belt.
  • Rivalarrival@lemmy.today
    4·
    8 months ago

    1. Establish Owner occupant credit against property taxes. You pay a lower tax rate for your home than an investor pays for the home next door.

    2. Increase property taxes. A lot.

    3. Increase owner-occupant credit commensurate with the increase in property taxes: your taxes don’t change (they might even drop), but investors pay much more. The tax rate only increases on investors.