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DeepNewz, mobile.
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Lawmakers are targeting hedge funds and large institutional investors that have been buying up hundreds of thousands of single-family homes, which they argue is driving up housing and rental prices. The legislative push, highlighted in recent discussions and a Wall Street Journal article, aims to prevent these entities from turning homes into mere profit centers, thereby making housing more accessible to families. Senator Jeff Merkley is spearheading the 'End Hedge Fund Control of American Homes Act' to address these concerns.
Hedge funds using our housing market as a cash cow drives up the price of homes AND the price of rent. I’m working to pass my End Hedge Fund Control of American Homes Act because houses in our communities should be homes for families, not profit centers for hedge funds.
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
Large institutional investors have effectively stopped buying single family homes in the US (it was never a very large share, regardless), so of course now pols want to regulate them and their smaller counterparts: https://t.co/SbNxJSYyov https://t.co/I7KWR7LipQ
