“While some of our housing challenges, including a supply shortage, will take years to remedy,” the document states, “others can be addressed immediately, including a strong ban on hedge funds owning and controlling large parts of the American housing market.”
The definition of an investor includes any taxpayer, whether they are a hedge fund, and private equity investor, a real estate investment trust , an individual, or any other business entity. Various advocates and experts spoke out in support of the bill Wednesday, including Doug Ryan, vice president of policy and applied research at Prosperity Now, who pointed out that “often, these firms concentrate their purchases in communities of color, limiting first-time homebuyer opportunities to families that already face discrimination in the marketplace.”
Like Merkley, Loren Naldoza, legislative and communications manager at Neighborhood Partnerships — and a former legislative aide to the senator — stressed that everyone deserves “safe, stable, and affordable” housing.
these finance leeches need to get a real job. learn to code or something
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