A bipartisan Senate duo is teaming up on legislation that would ban large investment firms from snapping up single-family homes, a measure they say is aimed at the country's housing affordability crunch.

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.

  • Tyrq@lemmy.dbzer0.comEnglish
    52·
    15 hours ago

    Dunno where you’re buying $12,000 homes. I won’t argue with the point though, they really don’t need hundreds or thousands of single family homes for investments

        • ColeSloth@discuss.tchncs.de
          12·
          9 hours ago

          Y’all not read the article or something? The bill is for anyone over $150,000,000. I’m saying it should be more like 5,000,000, because no entity should get to own like 400 houses? There was never any ambiguity to my statement about thinking I was speaking of the $5,000,000 owning 400 houses unless you were a damned idiot at math.