New Legislation Proposes to Take Wall Street Out of the Housing Market

New York Times, Dec. 12, 2023–Ronda Kaysen
Democrats in Congress introduced a bill in both houses of Congress to ban hedge funds from buying and owning single-family homes in the United States.

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.
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