Can Congress stop big companies from buying up homes?
Texas leads the country in institutional buyers in the single family housing market.
Seems like this is something that is long overdue.
Bill introduced in Congress to ban hedge funds from buying single family homes.
- Thread starter Hoopsdoc1978
- Start date
Seems like this is something that is long overdue.
The issue is the endless printing of money. The bill isn’t going to solve the underling problem and will have plenty of unintended consequences.Can Congress stop big companies from buying up homes?
Texas leads the country in institutional buyers in the single family housing market.www.texasstandard.org
Seems like this is something that is long overdue.
Now do foreign individuals and entities buying farmland and speculative real estate.
What do you mean?
Is there a law that says you can’t pass a law to stop it from happening?
I know who I’m betting on as far as who will support or oppose this legislation.
They shouldn’t pass a law. Nothing is stopping states or local municipalities from passing laws. The housing addition I live in passed an ordinance that limits rentals. We didn’t need the federal government and the federal government shouldn’t be making that decision for us.
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So you have an HOA? I have heard and seen so many HOA horror stories. Eventually someone ran against our dictator, but usually people do not want the job. And the people that do are the absolute last people who should have it.
Yes, and I can’t disagree with any of your assumptions. My HOA hasn’t been that bad, knock on wood. I voted for the changes making it more difficult for larger companies to buy homes for rental purposes. It wasn’t an issue until they pumped all the free cheese into the economy in 20 and 21.
Can Congress stop big companies from buying up homes?
Texas leads the country in institutional buyers in the single family housing market.
Seems like this is something that is long overdue.
In terms of being long overdue I agree.
This doesn't however mean it is good for the country as a whole as in affordable housing for the middle class and below.
The problem of course being the conflict of passing laws in a free country to prevent the inevitable in face of the consequence of many Americans no longer having the dream of home ownership.
Tough call.
