YoBuckStopsHere@lemmy.world to politics @lemmy.worldEnglish · 11 months agoDemocrats Unveil Bill to Ban Hedge Funds From Owning Single-Family Homes Amid Housing Crisistruthout.orgexternal-linkmessage-square192fedilinkarrow-up11.81Karrow-down112
arrow-up11.8Karrow-down1external-linkDemocrats Unveil Bill to Ban Hedge Funds From Owning Single-Family Homes Amid Housing Crisistruthout.orgYoBuckStopsHere@lemmy.world to politics @lemmy.worldEnglish · 11 months agomessage-square192fedilink
minus-squareCap@kbin.sociallinkfedilinkarrow-up36arrow-down4·11 months agoThere’s probably some loophole about how they can’t do it as a hedge fund but a shrub fund is just fine.
minus-squareSlopppyEngineer@discuss.tchncs.delinkfedilinkarrow-up19arrow-down1·11 months agoHedge funds will only own many small investment firms, and those little firms own the houses.
minus-squarefrezik@midwest.sociallinkfedilinkarrow-up1·11 months agoI’d say the loophole here is that it only affects single family homes. Duplexes or quadplexes are still open season.
There’s probably some loophole about how they can’t do it as a hedge fund but a shrub fund is just fine.
Hedge funds will only own many small investment firms, and those little firms own the houses.
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I’d say the loophole here is that it only affects single family homes. Duplexes or quadplexes are still open season.