Brown, Colleagues Introduce Bill to Crack Down on Big Corporate Investors that Buy Up Local Homes, Drive Up Housing Prices

Press Release

"Currently, predatory real estate investors can buy up single family homes and flip them into pricy rental properties to make massive profits with few consequences. Their profit comes at the expense of our already tenuous housing market. The current tax structure rewards this behavior -- which leads to fewer affordable homes on the market, and real estate investors keep getting richer. This bill will end the federal tax break for this practice -- and incentivize investors to put houses they do own back onto the market to expand housing availability and bring prices down."

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