Senate housing bill that takes aim at institutional investors may do little for homebuyers — and could even hurt renters
Senator Tim Scott backed a bipartisan Senate bill aimed at restricting institutional investors from purchasing single-family homes to improve affordability.
Mixed
tl;dr
A bipartisan Senate bill (89-10) aims to ban institutional investors from buying single-family homes to improve affordability, though economists warn it may reduce rental options without significantly lowering home prices.
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TSTim ScottR-South Carolina
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