Vice President Kamala Harris targets corporate landlords for rising rents, advocating tax reforms to curb property acquisitions.
Vice President Kamala Harris is emphasizing the need for housing affordability by targeting "abusive" corporate landlords, whom she holds partly responsible for rising rents. Nearly half of U.S. renters are "cost-burdened," spending over 30% of their income on housing. While corporate landlords own 16% of single-family rentals, their impact varies by city. Harris seeks tax reforms to curb corporate investors acquiring multiple properties, highlighting growing renter concerns about housing costs.
October 21, 2024
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