A bipartisan Senate duo is teaming up on legislation that would ban large investment firms from snapping up single-family homes, a measure they say is aimed at the country's housing affordability crunch.

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.

  • ColeSloth
    34·
    4 days ago

    What? $150,000,000 will get you about 400 $375,000 homes.

      • ColeSloth
        24·
        3 days ago

        Y’all not read the article or something? The bill is for anyone over $150,000,000. I’m saying it should be more like 5,000,000, because no entity should get to own like 400 houses? There was never any ambiguity to my statement about thinking I was speaking of the $5,000,000 owning 400 houses unless you were a damned idiot at math.

        • Tyrq@lemmy.dbzer0.comEnglish
          2·
          3 days ago

          It was pretty ambiguous, when you say ‘either’ at the end of your comparative statement, it implies that the latter is what you’re referring to.

          Anyhow I get what you’re saying, no need to be rude