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.
How about making the law
“cannot buy a single family home unless no single family are actively bidding for the property for at least 6 months”
Problem is the seller can just collude with the investment firm, jack up the price so regular people aren’t bidding and wait out the 6 months.