Getting hedge funds out of owning homes

[newolddude]

A large reason housing is too expensive is hedge funds are buying homes or entire subdivisions.

Hedge Funds Have Invaded the Housing Market. A New Bill Would Ban Them.

A sweeping new bill introduced in Congress would essentially ban hedge funds and private equity firms from buying single-family homes.

www.vice.com

 

[newolddude]

Bill proposes kicking institutional investors out of the U.S. housing market. But would it actually improve affordability?

Democratic lawmakers introduce a bill that'd force institutional homebuyers to sell off their homes over a 10-year period

www.resiclubanalytics.com

 

[Babagounj]

I expect to see several homes in my town this spring to be for sale.
The State AG office has approved of a new by-law that declares that non owner occupied homes can not be used as short term rentals.
Many houses were bought over the last decade just for them to be rented out, it was a big business for investors.
Owner occupied homes can still operate with a room set aside for STR but only after getting a town approved permit.

 

[Up In Smoke]

Ou

I expect to see several homes in my town this spring to be for sale.
The State AG office has approved of a new by-law that declares that non owner occupied homes can not be used as short term rentals.
Many houses were bought over the last decade just for them to be rented out, it was a big business for investors.
Owner occupied homes can still operate with a room set aside for STR but only after getting a town approved permit.

Our private equity group began moving out of the housing market and into farm land a couple years ago as my state looks into limiting short term rentals also.

 

[newolddude]

Ou

Our private equity group began moving out of the housing market and into farm land a couple years ago as my state looks into limiting short term rentals also.

Good. Now they can fight off the Chinese and the Saudis.