>Wall Street went on a home-buying spree. Now, more lawmakers want to stop it from ever happening again.

>Democrats in the U.S. Senate and House have sponsored legislation that would force large owners of single-family homes to sell houses to family buyers. A Republican’s bill in the Ohio state legislature aims to drive out institutional owners through heavy taxation.

>Lawmakers in Nebraska, California, New York, Minnesota and North Carolina are among those proposing similar laws.


Lobbyists are pushing back hard. Call your politicians.


https://www.cnbc.com/2023/02/21/how-wall-street-bought-single-family-homes-and-put-them-up-for-rent.html

https://www.forbes.com/sites/rogervaldez/2023/08/02/counterpoint-wall-street-ownership-is-why-housing-is-out-of-reach/

https://www.realtor.com/news/trends/wall-street-has-spent-billions-buying-homes-a-crackdown-is-looming/

https://jacobin.com/2024/05/single-family-homes-rentals-wall-street

>>509869015
>It's angry flippers and pissy corporations that are realizing that even if interest rates go down they will have to fire sale in order to fit the budgets of new buyers
This. It's also why the Fed refuses to lower interest rates. Their buddies at Blackrock and Blackstone will get hurt if they have to sell at a loss.

>>508104687
The problem has always been the corporate billionaires we elect who promise to look out for the interests of the people but the only thing they ever do is screw us over