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Lawmaker cites rise of out-of-state corporate landlords in bill to limit bulk residential purchases
Summary
An unidentified lawmaker said they filed legislation to curb out-of-state corporations buying large numbers of lower-income homes, saying such purchases reduce homeownership opportunities and leave properties poorly maintained.
An unidentified speaker at a Missouri legislative news event described a bill they had filed to restrict corporations from buying up large numbers of residential properties, arguing that such purchases harm neighborhoods and limit first-time homeownership.
When asked why they filed the bill, the speaker said the idea arose in part after a colleague raised the issue in…
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