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re: WSJ: Wall Street Has Spent Billions Buying Homes. A Crackdown Is Looming.
Posted on 4/29/24 at 12:53 pm to ragincajun03
Posted on 4/29/24 at 12:53 pm to ragincajun03
quote:
would cap rental-home ownership at no more than 50 homes for many companies, requiring them to sell off any more they already own. A bill in Minnesota, meanwhile, would limit ownership to 20 homes.
Investment groups will just create one holding company that will hold several different LLCs that own 50 homes each
1
Posted on 4/29/24 at 1:17 pm to deltaland
quote:
Investment groups will just create one holding company that will hold several different LLCs that own 50 homes each
You can't just get around it that way. This is essentially anti-trust territory and if that was a loophole, it'd be done everywhere all the time in every industry. Lina Khan don't play that shite.
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