The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.

The U.S. Treasury Department will soon propose a rule that would effectively end anonymous luxury-home purchases, closing a loophole that the agency says allows corrupt oligarchs, terrorists and other criminals to hide ill-gotten gains.

    • @BarrelAgedBoredom@lemm.ee
      12•2 years ago

      There’s no reason corporations should be involved in housing period. Housing is a human right and we should be treating it that way

    • @Sunforged@lemmy.world
      11•2 years ago

      Why stop at single family housing?

      I live in a house that was sold at below market rates, under the condition that I will also sell to the next homeowner at a below market rate, there is a fixed equity gain each year to cover general home owner costs. I own the house, the city owns the land the house is on, HOA covers outside upkeep like roofing, window cleaning and driveway maintenance. This is known as a Community Land Trust.

      There is no reason this method of housing can’t also be applied to folks that live in an apartment. Fuck corporations they shouldn’t own anything.