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    Private equity firms can no longer buy single-family homes under new federal law championed by Sen. Raphael Warnock
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    Private equity firms can no longer buy single-family homes under new federal law championed by Sen. Raphael Warnock


    Private equity firms can no longer buy single-family homes under new federal law championed by Sen. Raphael Warnock

    Posted by Fun-Ad3626

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    27 Comments

    3. TheKneeQueen on

      Finally, a good law! Now if only they can stop them from buying up businesses and ruining them.

    5. ChewieBearStare on

      Let’s celebrate until tomorrow night when Little Lord Fuckleroy announces that Warnock is an illegitimate senator due to voter fraud.

    6. Josephk_5690 on

      This is not a great law by any means. This will have no effect on inflation and skyrocketing home prices. Nationally, this affects a small slice of transactions, not the whole housing market. Most researchers agree this affects less than 1% of all housing.

      More nothing from this congress.

    7. johnqadamsin28 on

      This is weird. When the housing bill was passed on rnews it was all about how it didn’t do anything and it sucked but here it’s popular 

    8. Jacen1618 on

      That’s great and all but will do literally nothing to solve the housing crisis. Private equity buying up homes was a fraction of a fraction of the market.

    9. bjorn2bwild on

      Private equity firms can’t but llcs opened by pe firms can. Just adding a piece of paperwork

    10. Nice-Foot7552 on

      It really does nothing to address the problem. All existing purchases are grandfathered in and they can still buy up to 350 houses. They’ll just set up different shell companies to buy more houses and get around the law

    12. impy695 on

      And Donald refused to sign it into law because he was upset one of his bills hasn’t passed yet. Fortunately he was convinced to not veto it

    13. mcfreeky8 on

      How big of an issue was this though? I was reading that it’s actually not a huge trend anyway

      I just fear that this is being done for political theater and won’t actually make an impact on the cost of living.

    15. Imaginary-Friend-228 on

      Yes they can they just need to make up a new entity got every few hundred

    16. awitchiguess on

      I’m glad this is happening. Everything feels like a scam from education to healthcare to home ownership. American government feels actively hostile toward it’s citizens and I’m tired of it. 

    17. Alternative-Heat2696 on

      Nice of them to consider this after everything has already been bought up.

    18. ScottsTot2023 on

      In this headline only culture we are doomed. I love Sen Warnock but the cap is 350 and there’s no provisions about child LLCs to get around the cap. Nothing will change. 

    22. Starship_Taru on

      Don’t forget, Trump did everything in his power to stop this bill. He just couldn’t.

    23. smol-bean55 on

      This is a good start but one of the provisions taken out was that private equity and other groups were required to offload property they already owned within 7 years. This was taken out which is shot to the homes already purchased. Offloading the homes already taken would have been a substantial step to increase the number of homes in the supply side without inherently having to build more houses (of course we need to do both) but doing nothing to solve either is not exactly a huge improvement to the current situation.

    26. techblackops on

      Sounds like this stops it going forward, but is there anything that will unravel the damage already done? Should be a way to remove the incentives for them to hold onto the properties they already have. Tax them at a higher rate on those proprties to the point it does not make economic sense to continue owning them.