Here's what we need: if the beneficial owner of a property is not a resident of that state the property tax rate should be punitively high. This includes any co

Here's what we need: if the beneficial owner of a property is not a resident of that state the property tax rate should be punitively high. This includes any corporations or LLCs that own property. It's important that we have property as an investment vehicle... to a point. After all, that's where the pool of rental properties comes from. But this kind of national carpet bombing of housing supply by hedge funds is the last thing we need. As another example of what I consider a disgusting practice: hedge funds have bought up the trailer parks and then jacking up the rent. These houses are technically "mobile" but actually have limited mobility. Each move also damages the property. These should be owned collectively by the residents of the trailer park. But hedge funds know they essentially have a captive market to prey on. Much like when Goldman Sachs created an investment vehicle for wheat and then drove up the global cost to profit at the expense of actually killing people who couldn't afford to eat, I put this in the same category as disgusting and morally reprehensible. And while it's up to politicians to fix it, you can still hate the players.