– Owns a significant portion of single-family rental properties in some neighborhoods, up to 25%, which can influence local rent prices and availability.
– Evicts tenants at much higher rates than traditional landlords, with eviction rates as high as 15%. African-American tenants are more likely to be evicted.
– Has increased rents by as much as 10% per year in areas where that’s double the norm.
– Spends significantly less on property maintenance compared to typical American homeowners, with an annual average of $1,142 per house, while the average is $3,100.
And most of their tenants are in their late-30s with children with a household income of approximately $100,000.
They’re fucking over millennials, because of course they are.
Javasndphotoclicks on
Five firms shouldn’t be slowed to own everything.
Friendly-Company-771 on
I hope she will also make all corporate owners sell the homes they currently own. Also, do away with people owning multiple homes just to rent it out.
Only properties/ buildings specifically designated as rentals should be rented out; not condos, single family homes, and the like. There should be more regulations for rental properties in a way that it makes it too expensive to rent out a condo, for example.
Anon87323 on
About damn time.
This. This is the kind of shit we need from a president. Good for her, I like her more and more every time I hear her policy goals
ezabland on
Why only remove tax benefits for only large investors? Just remove tax benefits for all investors. Owning multiple houses shouldn’t make you rich. Working as a teacher should.
abuchunk on
Hell yes. Go further, require ownership of condo units and single family residential properties to be owned by US citizens or permanent residents. Tax the FUCK out of non-US persons and corporations who write off “maintenance” and depreciation of this type of property, make it hurt until they sell it back into private, US hands
Curious80123 on
Good place to start, investors will buy up everything
briansabeans on
You should be allowed to have one investment property if you are living in the US. That would stop 99% percent of this crap.
deadone65 on
Businesses should not be able to purchase single family homes period!
Washington_Dad__ on
Yes – way too many investors gatekeeping the American dream.
Patchy_Face_Man on
Does anyone think it’s crazy that Trump just came out and was like “yeah I think we’re gonna label her as a communist”?
I can’t tell if he truly doesn’t even care to pretend to actually believe that or he just hates his campaign team for telling him what to do so he just straight talks openly about talking points or if he just can’t keep it together. It’s wild. But of course, the media skips right over.
IdrinkandImakethings on
Finally. Someone’s paying attention. Only been going on for 8+ years.
Everyone thinks the folks that engineered the nearly worldwide financial collapse that started with the criminals on Wall Street who walked away with monster bonuses after causing our housing collapse, just went away.
Nope. Never did. There is still no oversight or accountability on Wall Street. They are literally robbing the country blind and being protected since everyone’s in on it.
Impressive-Elk-8101 on
Top 5 priority!
bigt503 on
Please. Not only stop it. Make them sell. Make it so expensive to do what they are doing they flood the market with their homes.
syynapt1k on
This speech/announcement was a home run. I’ve heard hardly any elected leaders talk about this glaring issue in our housing market.
No_Pudding_4598 on
This will win alot over alot of voters. Companies like Blackrock have completely fucked our housing market.
RDO_Desmond on
Good. Too many venture capitalists (often foreign investors) snatching up homes and turning them into rentals that too many can’t afford and it depletes housing available for purchase.
mister_windupbird on
Ok this makes more sense than the $25K down payment assistance for FTHB. Having help with closing costs means nothing if I can’t beat out Redfin or people buying homes to rent out for pAsSiVe InCoMe.
FalkorDropTrooper on
Finally. This is so damn important.
Evil_phd on
Already seen a few people claiming that it’s Anti-American to tell people what they can do with their money.
Capitalism is definitely getting out of control.
Lydkraft on
This is a better idea than the 25k down payment idea which could be inflationary.
Lugnuttz on
Yes please.
allbright1111 on
This is such a great idea. Overdue, but better late than never.
blessed_by_fortune on
Every time I hear something about Harris, it’s the best and most logically, common sense policies that are mentioned. Harris 2024! Trump 20-24 centuries in prison for treason!
Livelovelearn46 on
I have a great 6 figure job, so does my wife, we have 5 kids, and we cannot afford to buy a house! I am not prepared to buy a house 120k over asking price….
Gamerxx13 on
I keep hearing republicans on cnn saying that her plan is bad and his is good, but never explain how his is better. He only said he is giving tax cuts to the rich. How exactly does that help your economy
Bullocks1999 on
It should be illegal. Stop corporations from killing the American dream.
39 Comments
Good.
I was a really big fan of all the high level plans in her stump speech, and NGL her first specific policy announcement today is a hit with me.
hell yeah, lets do it
Good. About time.
What good could possibly come from wall street owning most of the homes?
Do Airbnb as well.Theyre all scabs.
About time.
This is really important and deep stuff being forced into the light.
Guess all those people crying about how she has no policies will have to move those goalposts yet again
August 15: “corporations are buying up homes and building 1,000 home subdivisions on our 2 lane roads that will all be for rent, it has to stop!”
[a plan is finally proposed to stop it]
August 16: “not like that!”
Enough of Wall Street, greed
Companies really aren’t people. We need to stop considering them people.
It has gotten way out of control.
[Invitation Homes](https://en.wikipedia.org/wiki/Invitation_Homes), a publicly traded company with a market cap of over $21 billion, owns the most houses in the US:
– Owns a significant portion of single-family rental properties in some neighborhoods, up to 25%, which can influence local rent prices and availability.
– Evicts tenants at much higher rates than traditional landlords, with eviction rates as high as 15%. African-American tenants are more likely to be evicted.
– Has increased rents by as much as 10% per year in areas where that’s double the norm.
– Spends significantly less on property maintenance compared to typical American homeowners, with an annual average of $1,142 per house, while the average is $3,100.
And most of their tenants are in their late-30s with children with a household income of approximately $100,000.
They’re fucking over millennials, because of course they are.
Five firms shouldn’t be slowed to own everything.
I hope she will also make all corporate owners sell the homes they currently own. Also, do away with people owning multiple homes just to rent it out.
Only properties/ buildings specifically designated as rentals should be rented out; not condos, single family homes, and the like. There should be more regulations for rental properties in a way that it makes it too expensive to rent out a condo, for example.
About damn time.
This. This is the kind of shit we need from a president. Good for her, I like her more and more every time I hear her policy goals
Why only remove tax benefits for only large investors? Just remove tax benefits for all investors. Owning multiple houses shouldn’t make you rich. Working as a teacher should.
Hell yes. Go further, require ownership of condo units and single family residential properties to be owned by US citizens or permanent residents. Tax the FUCK out of non-US persons and corporations who write off “maintenance” and depreciation of this type of property, make it hurt until they sell it back into private, US hands
Good place to start, investors will buy up everything
You should be allowed to have one investment property if you are living in the US. That would stop 99% percent of this crap.
Businesses should not be able to purchase single family homes period!
Yes – way too many investors gatekeeping the American dream.
Does anyone think it’s crazy that Trump just came out and was like “yeah I think we’re gonna label her as a communist”?
I can’t tell if he truly doesn’t even care to pretend to actually believe that or he just hates his campaign team for telling him what to do so he just straight talks openly about talking points or if he just can’t keep it together. It’s wild. But of course, the media skips right over.
Finally. Someone’s paying attention. Only been going on for 8+ years.
Everyone thinks the folks that engineered the nearly worldwide financial collapse that started with the criminals on Wall Street who walked away with monster bonuses after causing our housing collapse, just went away.
Nope. Never did. There is still no oversight or accountability on Wall Street. They are literally robbing the country blind and being protected since everyone’s in on it.
Top 5 priority!
Please. Not only stop it. Make them sell. Make it so expensive to do what they are doing they flood the market with their homes.
This speech/announcement was a home run. I’ve heard hardly any elected leaders talk about this glaring issue in our housing market.
This will win alot over alot of voters. Companies like Blackrock have completely fucked our housing market.
Good. Too many venture capitalists (often foreign investors) snatching up homes and turning them into rentals that too many can’t afford and it depletes housing available for purchase.
Ok this makes more sense than the $25K down payment assistance for FTHB. Having help with closing costs means nothing if I can’t beat out Redfin or people buying homes to rent out for pAsSiVe InCoMe.
Finally. This is so damn important.
Already seen a few people claiming that it’s Anti-American to tell people what they can do with their money.
Capitalism is definitely getting out of control.
This is a better idea than the 25k down payment idea which could be inflationary.
Yes please.
This is such a great idea. Overdue, but better late than never.
Every time I hear something about Harris, it’s the best and most logically, common sense policies that are mentioned. Harris 2024! Trump 20-24 centuries in prison for treason!
I have a great 6 figure job, so does my wife, we have 5 kids, and we cannot afford to buy a house! I am not prepared to buy a house 120k over asking price….
I keep hearing republicans on cnn saying that her plan is bad and his is good, but never explain how his is better. He only said he is giving tax cuts to the rich. How exactly does that help your economy
It should be illegal. Stop corporations from killing the American dream.