House Passes Bill Blocking Wall Street From Buying More Than 350 Single-Family Homes

What was said

"This provision legally bars large institution corporate investors from expanding their portfolios to own more than 350 single-family homes nationwide."

The House passed bipartisan housing legislation 358 to 32 that caps institutional investors like BlackRock at 350 single-family homes to combat rising housing costs. The bill addresses the crisis where the median age of first-time homebuyers has risen to 40, up from 29 in 1981, as corporate purchases have priced out middle-class families. Notable libertarian-leaning Republicans including Rand Paul, Mike Lee, and Thomas Massie opposed it as government overreach.