Senate housing bill that takes aim at institutional investors may do little for homebuyers — and could even hurt renters
Senator Elizabeth Warren backed the legislation to build more housing and prevent giant corporations from snapping up family homes.
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tl;dr
A bipartisan Senate bill aims to ban institutional investors from buying single-family homes to improve affordability, but economists warn the move may reduce rental options without significantly lowering home prices for first-time buyers.
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EWElizabeth WarrenD-Massachusetts
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