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DeepNewz, mobile.
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Interesting article in @WSJ on legislative initiatives to curb the mass purchasing of single family homes by large Wall Street firms. They are arguing this is driving up prices of starter homes putting them out of reach of young families
Wall Street went on a home-buying spree. Now, more lawmakers want to stop it from ever happening again Democrats in U.S. Senate & House have sponsored legislation that would force large owners of single-family homes to sell houses to family buyers A Republican’s bill in Ohio… https://t.co/yM0Vsl1S78
"The reason rents have increased so steeply is because Wall Street wasn’t buying new homes, and we have collectively blocked all other feasible avenues for production and ownership." Investor-homebuyers are not the enemy. ICYMI @KAErdmann: https://t.co/flnojaZl1W
Lawmakers in the U.S. are pushing for legislation to restrict Wall Street firms from buying single-family homes, citing concerns about rising home prices and limited access for young Americans. The proposed bills aim to force large owners to sell to family buyers, with bipartisan support across Democrats and Republicans.
