How deadbeat landlords are fueling housing crisis by evading taxes

by | Aug 5, 2022 | 0 comments

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Deadbeat landlords are fueling the national housing crisis by refusing to pay property taxes — instead allowing low- and middle-income homes to go into foreclosure, thus removing houses from the market and dimming supply, according to experts.

Ownership laws in the US enable landlords to shield their identities behind limited liability companies (LLCs) that let them avoid legal consequences for allowing the properties to fall into disrepair, experts told The Hill.

 

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