12/11/2023
Daily Housing Nerd Out:
A bill was introduced in Congress that would prevent Wall St. hedge funds from owning single-family homes in the US. The bill would force them to sell the 570,000 to 700,000 home they already own over a 10-year period and then ban them from buying more. There is another bill that would require corporate owners of more than 75 single-family homes to pay an annual fee of $10,000 per home into a housing trust fund to be used as down payment assistance for families The bills are not expected to pass this session but its starting the conversation.
A bill introduced in the House and Senate would prevent hedge funds from owning single-family houses in the United States.
