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Rants & Gems Real Estate Podcast

Rants and Gems Spotlight: MG gives his thoughts on the new legislation

Rants & Gems Real Estate Podcast

EYL Network

Business, Investing

4.91.3K Ratings

🗓️ 9 January 2024

⏱️ 16 minutes

🧾️ Download transcript

Summary

MG gives his thoughts on the new legislation 



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Transcript

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0:56.4

consultation today. A new legislation proposes to take Wall Street out of the housing market.

1:16.8

A bill introduced in the House and Senate will prevent hedge funds from owning single-family homes in United States of America.

1:21.1

Let me make this a little bit bigger for y'all pause,

1:25.0

so you can see this loud and clear.

1:28.0

All right.

1:30.0

So this article came out on December 6th.

1:34.0

Shout out to New York Times.

1:37.0

All right, Democrats in Congress have introduced a bill in both houses of Congress on Tuesday to ban hedge funds from buying and owning

1:46.5

single family homes in the United States.

1:49.6

The bill would require hedge funds defined as corporations, partnerships, or real estate investment trust

1:57.4

that managed funds pulled from investors to sell off all single family homes they own over a 10 year period and eventually prohibit

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