End Hedge Fund Control of American Homes Act

[rambot]

Democrats have a plan to shake up the housing market

This week, Merkley and Smith introduced the bill, the End Hedge Fund Control of American Homes Act of 2023, which takes aim at hedge funds and private equity firms that have snapped up single-family houses as investment properties.

I gotta say. This is a pretty good solution and if it passes (and it should because there are very few markets where this isn't affecting prices).

I think what makes this a pretty good solution is that it will have an impact (if 44% of the houses bought in the last 2 years end up back on the market that is going to affect prices for sure.)

It's also a pretty good solution because it's a meaningful action to improve the cost of housing and it just really seems like nobody has had any other GOOD ideas.

But.....

Thoughts?

 

[Desk trauma]

Thoughts?

It won’t see the light of day once thrown into a comity room drawer.