Comments by "John Holst" (@johnholst) on "Why Wall Street Is Buying So Many U.S. Homes" video.

THIS is exactly why the housing market has been destroyed! Everyone knows that corporations don't pay the same kinds of taxes that we, as individuals pay. That's why these companies can afford to hold these properties hostage and ask any price they want. There's no penalty for them. Just force them to pay taxes like the rest of us, and the problem will be solved immediately.
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Or even better, make these corporations pay the same taxes that individuals would! Then watch how quickly they flood the market with these properties.
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@circletech7745 Your response is very thoughtful. I really think the residency requirement is a good idea. For the rest though, not sure they'd have the effect we want. Privately, people don't care who they sell their home to. They just want the best price. Secondly, adding to the housing supply will not solve the issue if corporate buyers are still buying up to 40 percent of the homes. At the government level, increasing taxes on landlords will only hurt real life mom and pop investors, not the corporations. They don't pay taxes the way regular people do. Still, you and I have a lot of the same ideas. :)
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