Senate housing bill that takes aim at institutional investors may do little for homebuyers — and could even hurt renters
Senator Tim Scott backed the bipartisan Senate bill designed to restrict institutional investors and lower housing costs for families.
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tl;dr
The U.S. Senate passed a bipartisan housing bill to restrict large institutional investors from buying single-family homes, though economists warn the measure may not significantly lower prices for first-time buyers.
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TSTim ScottR-South Carolina
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