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A Record 46 Million American Households Are Renting
Landlords have never had it so good.
The Problem: America is Gripped By A Self-Imposed Housing Crisis
- A record 110 million people across America are renting.
- There were 1.1 million first-time buyers in 2024. This is 380,000 fewer than in 2023 and almost HALF the historical average.
- The average age of a first-time homeowner has been going up for 40 years.
- America’s giant corporate landlords control too many politicians.
Solutions: Lots of Low-Hanging Fruit Available
There are so many different ways politicians to both free up and add to the American housing supply:
- Ban Airbnb, which has taken millions of homes off the American market and lowered living standards in the neighborhoods plagued by the phenomenon.
- Ban the user of landlord collusion via data-sharing software. Landlords are able to “legally” collude to raise rent prices by hiding behind an algorithm.
- Limit or ban large corporations from owning residential housing. Blackrock needs to be dissolved and all of the homes sold.
- Heavy taxes on rental incomes.
- National Rent Control
- More public investments in new, publicly-owned residential housing.
- Federal action to override NIMBY (“Not In My BackYard”) laws that prevent denser housing.