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CousinIT

(9,268 posts) Sat Apr 13, 2024, 09:35 AM Apr 13

America needs more housing inventory. We ALSO need to stop private equity firms buying up homes [View all]

...both apartments and single-family homes and subsequently driving up prices and evicting people if they can't afford the jacked-up rents.

Congress should pass the "End Hedge Fund Control of American Homes Act". You can write your reps here: https://actionnetwork.org/letters/end-hedge-fund-control-of-american-homes-act/

15 replies

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America needs more housing inventory. We ALSO need to stop private equity firms buying up homes [View all] CousinIT Apr 13 OP

Private Equity firms, not Hedge Funds. A HERETIC I AM Apr 13 #1

Gotcha. The article itself used "Hedge funds" and so does the name of the bill CousinIT Apr 13 #2

Think of a Hedge Fund as a Mutual Fund for "Qualified Investors" A HERETIC I AM Apr 13 #3

You can count on it. Their Project 2025 details their planned war on the working class CousinIT Apr 13 #4

They are turning Manufactured Home multigraincracker Apr 13 #5

I was shocked to find out that a coworker of mine pays 680 a month for the land rent on his mobile home. jimfields33 Apr 13 #8

Yes I pay 820 others pay 1000 just for lot rent owned by a LLC Oppaloopa Apr 13 #9

Yup, I was called by a recruiter to work for one of those TexasBushwhacker Apr 13 #13

The days of relatively low priced manufactured housing seem numbered. David__77 Apr 13 #14

I'm a Council Member (elected) and JustAnotherGen Apr 13 #6

It's part of the destruction of the economy through financialization jmbar2 Apr 13 #7

Let's not rule out another housing crash. twodogsbarking Apr 13 #10

Probably. The vulture funds got a taste of how much they could earn during the '08 calamity - and they want some more peppertree Apr 13 #11

They were trying to buy my home for a while, I guess they gave up. Hikerchick57 Apr 13 #12

Built a house in 88 and still here. It was on the edge of town when we built it. Now it is nearly the middle of town. twodogsbarking Apr 13 #15