The United States has experienced a 12% increase in homelessness, to its highest reported level. Federal officials Friday said soaring rents and a winding down of coronavirus pandemic assistance combined to put housing out of reach for more Americans.
44% of single family homes were purchased by private equity in 2023. Some analysts expect institutional investors to control 40% of the SFH rental market by 2030.
And when are the American people going to demand an end to this shit? They represented less than 3% of sfh ownership in 2012. How long until everyone must rent? How long until people are forced to sell due to taxes driving them out of ownership due to inflated pricing from these ghouls?
While I’m not 100% about it, Prop 13 in California has some good effects.
People shouldn’t be tax hiked out of their living quarters. I think most states should have something similar and limit it to only the property you reside in so that property taxes are predictable instead of the incalculable beast they are today in most areas.
Let us not forget apartments, which are invariably occupied by less wealthy folk on average, who definitely can’t afford the cost.