369
Senate passes bill to lower housing costs and restrict Wall Street from buying homes
(www.nbcnews.com)
this post was submitted on 22 Jun 2026
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And since each company can own 350 homes, they'll just spin up a new subsidiary that "outsources" property management to the original company and keep buying.
The bill mentions nothing of a 350 limit, where are you pulling that number?
And companies can't buy more single family homes at all. So, no, they couldn't do that. Only way to get more is by building them themselves and not selling - which is not the business model that builders use.
Edit: 350 is the number that could be used to define a large institutional investor, but the number is in aggregate, so spinning up a subsidiary doesn't change the number it would own.
Does the bill mention ownership or beneficial ownership? Because the difference in terms might rule out subsidiaries.
Short version: if congress makes a law and you set up a structure to avoid whatever reporting requirement or income limitation or ownership limitation the law put in, you've only got a few years before you're getting screwed by the feds.
Not a lawyer but I've seen this in titles 18 and 26 a bit too often.
It does mention aggregate, if Gemini Pro is to be trusted.
Thanks. Gemini pro 2 is not to be trusted though.