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

Blessed to be able to say my family and I are in a comfortable situation, but I do have a family member who is about to pay over asking price on a home that's doubled in appraisal value in five years - ludicrous.

It appears to me there is a fundamental conflict of interests between those who have enjoyed massive boosts in home equity and those trying to enter the homeownership market.

So if this legislation becomes a reality, it's bad for the former group's pocketbooks but benefits the latter group.