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This does nothing to address the root cause of housing price increases. Black rock will buy 2.5 million of these homes.
The way you address that is build 3 million homes, and rent them out at rates 60% lower than market rate, rather than sell them.
This does not increase ownership, no. But it does force landlords to compete. Why rent from slumlord Paladino, when I could rent a new unit from the US government at half the price?
Exactly this. We already have enough empty dwellings between homes, apartments, condos, etc to house our unhoused population. The issue is affordability, not amount.
Man I want to live right where I'm at but everything is an air BNB
this is storytelling. it is not science.