That new bill sounds like they’re trying to help LARGE investors release all the properties they beat out regular home buyers from getting with CASH! The average single family homebuyer isn’t buying homes for $500k. This is going to help INVESTORS…NO other group is sitting on large amounts of unoccupied homes!!!
there is no specific federal legislation or act called the "More Homes on the Market Act." It is possible that this act may have been proposed or introduced after my knowledge cutoff, or it may refer to a local or state-level initiative. Please note that laws and acts can vary by jurisdiction and change over time. It would be best to consult up-to-date sources or contact your local representatives or real estate associations for information on any specific act related to increasing the number of homes on the market.
Not going to make a significant difference. Because if I were to move taxes aren't my concern my issue is the interest rate. My idea I presented to the OHFA was to do away with property taxes for 5, 10, or 15 years and have a reduced interest rate for current home owners who sale.
Funny but true. They can atleast print money to help fix real issues like homelessness and shit while we are at it why not fully pay for people's college and trade school paths. That will atleast yield a decent return on investment.
This proposed Act will NOT inspire Homeowners to sell. We need more incentives for Builders/ Developers to create Affordable Housing to develope, purchase & sell. Not rentals, nor section 8. Interest rates are extremely high on existing properties. Expidite the permit process for Developers. Tax Free on 1st time buyers. 🙏🏽🏗🏡🏡🏡 #MoreHomesOnTheMarketAct #Foolishness
