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Old Posted Apr 14, 2023, 2:31 PM
Crawford Crawford is online now
 
Join Date: Nov 2003
Posts: 35,034
This sounds like idiotic public policy. Cincy has low home prices and reasonable income-to-housing cost ratios, so what's the problem? Private investment is generally a good thing.

If they don't like the industrial scale absentee ownership groups, there's probably legislation that could eliminate this. There's none of this here in the Northeast, I think because states make it too difficult. Small building (and certainly SFH) landlords are overwhelmingly mom and pop locals.

Also, the U.S. has got to get off this push to force low income households to homeownership. It isn't for everyone, and it isn't automatically wealth-building. There are easier ways to build generational wealth. Also, poor folks in the U.S., if we're talking intergenerational poverty (and not temporary poverty of immigrants or young folks) often live very chaotic lives where homeownership is just another burden.
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