"Right To Rent" Bill Being Considered

The US House of Representatives is considering a bill, called the “Right to Rent Act” (H.R. 5028), that would allow this homeowner-to-tenant conversion.

JMO:
Although there are other provisions in place to keep owner-occupants from being displaced, this bill on it's face could have severe impact on real estate values, as it would dramatically impact the "investor/speculator" market. Under this bill, an owner-occupant at their sole discretion could choose to convert their ownership to a lessee tenancy for up to 5 yrs. Although it would be a month-to-month tenancy the subsequent purchaser (investor) would be required to uphold the terms of the lease for the full 5 yr period unless the tenant (former owner) breached the agreement in some way. This will make it much harder to "flip" properties because a successful "flip" should end up with an owner-occupant in the property. Under this scenario, it could only be flipped to investors for the 5 yr term. This one is worth following....I'll keep everyone posted