Democrats Propose Bill to Bar Hedge Funds from Buying Up Single-Family Homes
• Democrats introduced a bill prohibiting hedge funds from buying single-family homes as investments • Bill aims to increase housing supply and affordability as prices climbed 20% since 2021 • Hedge funds snapped up foreclosed homes after 2008 crisis, excluding families and non-profits • Investors own about 574,000 single-family rental homes, 3.8% of the 15.1 million nationwide • Newsweek committed to challenging conventional wisdom and finding common ground