New Legislation Proposes to Take Wall Street Out of the Housing Market
Holy shitballs, please do this.
“The bill would require hedge funds, defined as corporations, partnerships or real estate investment trusts that manage funds pooled from investors, to sell off all the single-family homes they own over a 10-year period, and eventually prohibit such companies from owning any single-family homes at all. During the decade-long phaseout period, the bill would impose stiff tax penalties, with the proceeds reserved for down-payment assistance for individuals looking to buy homes from corporate owners.”
I desperately want this to happen. I don’t think it will happen because it would seriously hurt a lot of people with lots of money, but it absolutely should.
Hedge Funds Have Invaded the Housing Market. A New Bill Would Ban Them.
Adding a link ppl can actually read, no shade on op, full shade on nyt
I would also like these fuckers to get out of the multi-family home market as well, but baby steps, I guess