26/03/2024
This... is... unreal!!! 🤯
Did you know that a bill proposed by Rep. Esther Agbaje, DFL-Minneapolis, could drastically impact property investors in our area? The bill, HF685/SF365, aims to restrict corporations, LLCs, and investment funds from purchasing and renting out more than 10 single-family homes. And that's not all – it even mandates divestment of properties owned beyond this limit within two years.
The government would force you to sell them...what in the world!!!! lol
But hold on a minute... 🤔
While the government claims this move is to protect owner-occupied housing, it fails to address the bigger picture. This legislation doesn't touch apartments or larger complexes, leading to potential shortages and driving up rental prices. Who does that benefit in the end?
Let's be real here – this hurts sellers, renters, and even potential homeowners. It shrinks the buyer pool, lowers property values, and disrupts the rental market. And don't get me started on the long-term consequences... 😡
We need to stand up for our property rights and challenge this misguided proposal. If you have any information or want to join the fight against HF685/SF365, please share your thoughts and let's protect our community from harmful legislation. Together, we can make a difference! 💪