Lowering Housing Costs
Roy Cooper has a plan to lower the cost of housing by stopping the bad actors driving up the price for families, including by stopping big corporations and foreign companies from buying single-family homes and preventing companies that make rent-pricing software from using algorithms to drive up rent with landlords. He’d also make it easier to build more housing, driving down the cost for everyone.
- Support Building More Homes. Provide incentives for multi-family and modular construction to build more housing quickly and lower costs for families.
- Stop Big Corporations, Investment Funds and Foreign Companies from Buying Single-Family Homes. Restrict big corporate buyers from owning large portfolios of single-family homes that drive up prices for families trying to buy a home.
- Ban Algorithm-Driven Rent Setting. Companies like RealPage and Yardi collect real-time pricing data from landlords and use algorithms to recommend rent increases, with reports showing the practice increases rents between 5% and 12% (ProPublica, October 2022). Stop companies from using revenue-maximization software that allows landlords to raise the rent on tenants in coordination.
- End Tariffs Driving Up Prices for Building Materials. End the chaotic trade wars that have driven up the costs of construction materials like lumber, aluminum and steel, adding thousands of dollars to the cost of building a home.
- Eliminate Unnecessary Rules That Drive Up Housing Costs. Spur housing construction by streamlining rules, speeding reviews and converting commercial buildings to housing.
Does Roy Cooper have a plan to make housing cost less?
Yes. Roy Cooper’s plan would provide incentives to build more housing, lowering the overall cost of housing. It would stop big corporations, like investment funds and foreign companies, from buying single-family homes. He’d ban the algorithms from companies like RealPage and Yardi that use real-time data to increase rents. And he’d eliminate the unnecessary rules and red tape that make it harder to build houses and drive up costs, and eliminate the tariffs that make building materials more expensive.
What’s Roy Cooper’s plan to make sure my rent doesn’t go up?
Roy Cooper’s plan would ban the algorithm-driven software used by landlords to increase your rent. He also supports incentives to build more housing, which would lower the cost of rent and homes for everyone.
Does Roy Cooper have a stance on corporate investors buying homes?
Yes. Roy Cooper supports banning corporate investors from buying single-family homes, ensuring that they can’t drive up prices for families.