re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.

Exactly

The bills need to be bans in new buying once you hit a certain threshold limit. Not a forced sale of hundreds of thousands of units at once

The proposal in its current form feels like it’s designed to tank the market so that homebuyers will revolt and push the government to keep the status quo in place. The government will then say we tried, but the people didn’t want this. And on the system will go without meaningful change, completely ignoring that a way way better method to balance the market was always available from day 1.

In short, you don’t punish the people who played the game legally under the old, shitty system. You just update the system to prevent them from continuing to exploit it. Ban the sale of more homes to anyone with more than 1000 units, don’t force them to sell what they already have