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When we collectively address THE REAL ISSUES in our country, we’ll find solutions. The housing crisis is real. We were so lucky to finally afford a home, but honestly it took me absolutely hitting the lottery with my podcast for that to happen. I had to buy a home at the top of the bubble with a very high interest rate just to avoid a bidding war.
Here’s a bold idea: air bnb should be capped at a small number of homes. House hacking should be taxed at a higher level incentivizing new home owners to quite literally get a foot in the door.
As of June 2022, the report estimates that roughly 574,000 single-family homes nationwide were owned by institutional investors, defined as entities that owned at least 100 such homes. This comprises 3.8 percent of the 15.1 million single-unit rental properties in the US.