HB623

I support this bill which will prohibit corporations from buying up single family housing in New Hampshire. for a period of time. This has been a huge problem elsewhere. When corporations buy up single family houses it often raises the prices and increases the scarcity of homes on the market making it difficult for families to buy a house. Furthermore, hedge funds and institutional investors often have available cash for purchases, and it makes it even more difficult for ordinary buyers to compete. We need to make it easier for families to buy a home, not harder. Thank you for your attention to this.

With the cost of housing already way above what the average granite stater can afford, corporations with millions in assets should be banned from buying the houses that families in this state need and want.

I am testifying in support of HB623. As a renter hoping to buy a home someday, I have enquired about properties hours after they are listed, only to find that they have already been snatched up by a corporation, site unseen. It is not a unique story: pretty much everyone I know younger than 30 has run into this, and we all wonder about whether it will ever be feasible. This bill would protect New Hampshire citizens and support us in finding housing, prioritizing the well-being of people over corporations, and strengthening our communities.

Hello. I am Nick Patrick, a Dublin, New Hampshire resident and a graduate student at the University of New Hampshire. I absolutely love this bill! And it is quite literally the only lifeline that will allow people my age to live in this state. Not only is the rent insane, but NH struggles with one of the country's biggest absent apartment unit rates. All my friends who lived in my school district and were not students had to move away for good. Corporations buying up our land and houses and making scarcity even worse have practically forced my generation to exodus from the state. The state we grew up in, the state we went to school in, the state we want to be able to return to and raise families. Please put aside parties; we are all at stake here. We must hold these corporations accountable before our younger generation is completely pushed out of this state.

The economy may operate on the free enterprise system but the playing field is out of kilter. Lack of affordable housing is impacting the labor stability in NH so corporations can boost their profits. Halt this predatory practice to regain long term equilibrium.

Wnen corporations purchase single family homes, the prices of comparable or nearby homes might go up, but the quality of life in the neighborhood goes down. These houses might be leased for a week or a month or for years, but when they exist only to fill the coffers of private corporations, they will not be maintained as well as a private homeowner would.

Members of the Committee on Housing, I applaud this effort to maintain the residential character of New Hampshire.. That said, I think that this approach is questionable. I think it would be better to simply require that properties installing auxiliary dwelling units, especially those using the new process, be owner occupied. It would be hard for a recently purchased home to be profitable as a single dwelling unit. The new laws facilitating the addition auxiliary dwelling units facilitate the purchase of a single family home, and then making it profitable as a rental property by adding one or two auxiliary dwelling units. Requiring them to be owner occupied would preclude the corporatization of out neighborhoods. Hon. Daniel C. Itse

There should be a higher age limit to marriage. Age 18 should be the minimum

Corporate monopolization runs rampant across this country. Such monopolization should not expand beyond business to housing as well. After all, home ownership is the majority of people's primary form of wealth generation and asset generation. In order to secure NH citizen's right to home ownership, I support the passage of HB623.

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