The legislation, known as the Homes for American Families Act, would amend the landmark Sherman Antitrust Act of 1890 to make it illegal for investment funds with over $150 million in assets to buy single-family homes, condominiums or townhouses. It doesn’t apply to homebuilders that are constructing units for sale.

  • Lka1988@sh.itjust.works
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    19 hours ago

    That has to be illegal somehow. A multi-billion dollar entity should not be able to spin up any LLCs. LLCs are for small businesses owned by people local to that area (except Montana tax loophole LLCs - that shit needs to be closed, too, geeting real sick of seeing douchebags driving giant lifted “business” trucks or goddamn supercars with Montana plates in not-Montana).

    • dhork@lemmy.world
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      18 hours ago

      Corporations are People now, though. So telling a multi-billion entity they can’t do something that a small local business can is discrimination against corporate persons.

      Won’t anyone think of the corporations?