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

I'm pretty damn pro-free market and small government, but this is where I become a hypocrite (admittedly). There has to be regulation on this, if left unchecked another decade it could obliterate the middle class.

quote:

---

Democrats in the U.S. Senate and House have sponsored legislation that would force large owners of single-family homes to sell houses to family buyers. A Republican’s bill in the Ohio state legislature aims to drive out institutional owners through heavy taxation.

---

This is a good start, but it can't be something that is forced immediately. It has to slowly happen. And not entirely, but there has to be some sort of anti-trust type analysis done in each market that shows when an institutional buyer is at their limit and if they go over, or the market has too low of a supply, they can't buy any more.