Senate housing bill that takes aim at institutional investors may do little for homebuyers — and could even hurt renters
Senator Tim Scott backed the Senate housing bill aimed at restricting institutional investors to lower home costs for families.
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tl;dr
The Senate passed a housing bill 89-10 to ban large institutional investors from buying single-family homes, though economists warn it may do little for affordability while potentially limiting options for renters.
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TSTim ScottR-South Carolina
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