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Trump abruptly cancels plan to sign bipartisan bill aimed at lowering cost of housing unless Senate approves Save America Act (www.theguardian.com)

submitted 1 day ago by pelespirit@sh.itjust.works to c/politics@sh.itjust.works

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In a statement on social media, Trump said: “Today’s Housing News Conference and Signing is hereby cancelled until such time as we pass the desperately needed SAVE AMERICA ACT, which I consider to be a National Emergency.”

A day earlier, the House of Representatives approved the 21st Century Road to Housing Act, which is intended to lower rents and home prices by reducing federal regulations, streamlining environmental reviews, speeding up the construction process and curbing the influence of corporate landlords by limiting their ability to purchase single-family homes.

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[–] tmyakal@infosec.pub 2 points 17 hours ago

The last one isn't as impactful as it sounds. "Corporate" landlords are anyone with more than 10 properties. Something like 60% of the market is Mom-and-Pop landlords that only own five or six houses.

We need crippling progressive taxes for each residence owned beyond your primary.