Gov. Abbott takes aim at investors hounding single-family market

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Texas Gov. Greg Abbott in a social media post hinted that his priorities for the next legislative session just may be around the investor relationship to...

The Texas governor reposted from a social media account claiming that private equity purchased 44% of single-family homes last year.

In a Friday post on the social media platform X, formerly Twitter, the governor wrote: “I strongly support free markets. But this corporate large-scale buying of residential homes seems to be distorting the market and making it harder for the average Texan to purchase a home. This must be added to the legislative agenda to protect Texas families.”His comment was a response to a viral post from the @WallStreetApes account that collected over 700,000 views by Friday afternoon.

Companies often create new entity names to go with new business efforts or even for single transactions. Complicating that further, some private citizens use limited liability corporations for their homestead holdings.

 

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