1/4 family homes sold in 2022 in US bought by investment firms, prompting laws targeting Wall Street landlords for impact on housing affordability.
Lawmakers in the US are targeting Wall Street landlords as one in every four family homes sold in 2022 was bought by an investment firm, impacting housing affordability. Senate and House Democrats are sponsoring legislation to force these investment funds to sell single-family homes, with a Republican-led bill in Ohio also aiming to drive out institutional owners through taxation. Critics argue that the sales are dropping due to rising interest rates and dwindling supply.
April 29, 2024
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