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.
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Or decide that no investment funds could do it. Why should they be able to do it at all? These homes should be for residents.
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And apartment buildings less than 20 units.
Shouldn’t be any at all, else you see parent companies (e.g., Alphabet) just fragment their investment companies into bunches that handle no more than $150m at a time. Or $10m. Or $5m. At a certain point, it’s just the same system with updated paperwork.