I don’t understand how this is a good solution for housing affordability. It seems a lot like saying some parties should not be able to invest in stocks because it might adversely affect someone elses retirement income. The down side to these kinds of approaches is less market efficiency.
Solution is not to reduce demand. Solution is to create supply.
Too little too late to save the housing market. Private equity aren't the only ones to speculate on real estate.
I don’t understand how this is a good solution for housing affordability. It seems a lot like saying some parties should not be able to invest in stocks because it might adversely affect someone elses retirement income. The down side to these kinds of approaches is less market efficiency.
This legislation seems like political theater considering the low rate of corporate investor ownership of residence real estate. https://econofact.org/factbrief/do-private-equity-firms-own-... .
Government regulation is important but why not start by identifying the most influential factors behind home prices.
Have to start somewhere, just keep tightening the ratchet.