Vice President Kamala Harris unveiled plans to tackle the rise in Wall Street homeownership as part of a slate of economic proposals announced Friday.
“And it can make it impossible then for regular people to be able to buy or even rent a home.”.
While high interest rates and low supply have helped to slow some of this activity, Wall Street has remained in the space.
A group of congressional lawmakers, led by California Democrat Rep. Ro Khanna, co-authored Stop Wall Street Landlords Act of 2022 to deter institutional investment in real estate.
“While there have been brief periods where Wall Street investors acquired a significant percentage of homes, these were primarily short-term trends,” Carlton said.
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