Private equity and smaller, independent operations, investors accounted for 44% of the purchases of flips during the third quarter of 2023, the data reveals.
Establish Owner occupant credit against property taxes. You pay a lower tax rate for your home than an investor pays for the home next door.
Increase property taxes. A lot.
Increase owner-occupant credit commensurate with the increase in property taxes: your taxes don't change (they might even drop), but investors pay much more. The tax rate only increases on investors.
Just a heads-up: There is not an actual source that shows that private equity purchased 44% of single-family homes in 2023, let alone that Blackstone did. This all seems to be coming from this Medium article misunderstanding or misrepresenting the linked cnbc article (EDIT: and others) the source for the 44% number, which is not, in fact the cnbc article. That was my bad.