1. United States
2. Texas
3. Letter

Homes should belong to people, not wealthy corporate landlords exploiting the housing market for profit. Corporate investors exacerbate the housing crisis by buying up affordable single-family homes, driving up costs through excessive fees and abusive practices. Their monopolization pushes homeownership out of reach for ordinary Americans. The Stop Wall Street Landlords Act aims to level the playing field. It will end tax breaks for large investors purchasing residential homes, prohibit them from acquiring government-backed mortgages on these properties, and impose heavy taxes if they fail to sell homes to individual buyers within 18 months. This legislation promotes affordable housing by reallocating revenue to construction funding. Rampant investor activity has normalized predatory behavior detrimental to communities. Reining in corporate landlords protects housing accessibility and upholds the American dream of homeownership for all. Support is crucial to tackle the housing affordability crisis plaguing constituents. Prioritizing people over institutional profits will foster equitable, sustainable housing for generations to come.