alt Hacker NewsThat sounds right. And, I have to admit, it's pretty good politics to ban a mostly imaginary thing that is a popular talking point. Since it's barely going to affect anyone, it'll be easy to pass.
And it may win votes for Republicans in swing districts, since the "BlackRock bought all the houses!" line is heard much more often from the Left, meaning this is something you can show an on-the-fence voter to signal how you are against those evil Wall Street guys.
I wonder if he'll be able to resist slipping in some kind of small-time grift for a family member or campaign donor, though.
He's in real estate. Of course he has an angle. Hopefully they can get something worthwhile into the eventual bill anyways.
I would hard cap how many houses anybody can own to something like 4 - whether through an LLC or otherwise. Many countries do not or did not allow foreign ownership of residential real estate. It's definitely not in the interest of any people to have their very land taken from them. In the current climate that would likely take an extremely nasty turn so it's not the best time for it, but I would be very supportive of such a measure with an exception for permanent residents and spouses of US citizens.