U.S. Politics in Real Time

New Legislation Proposes to Take Wall Street Out of the Housing Market

https://www.nytimes.com/2023/12/06/realestate/wall-street-housing-market.html

#WallStreetHousingMarket #Legislation #HousingMarket #NewLegislation #RealEstate #WallStreet #Politics #News

New Legislation Proposes to Take Wall Street Out of the Housing Market

A bill introduced in the House and Senate would prevent hedge funds from owning single-family houses in the United States.

The New York Times
Dec 7, 2023 at 4:05amWeb
Show threadanubis2814Dec 7, 2023
@uspolitics Warren was calling for this back in 2020.
Show threadMaxilo OveritDec 7, 2023

@uspolitics

Fantastic. Now all we have to do is replace all the firms in Wall Street high rises with residential housing and the positive transition will be complete.

Show threadanubis2814Dec 7, 2023
@aka_quant_noir @uspolitics Sadly only 10% of corporate buildings can be safely converted to residential
Show threadCyDec 7, 2023
Paywall link.

Try this: https://www.merkley.senate.gov/wp-content/uploads/2023/12/MCG23660.pdf