Archives having issues scraping nytimes lately. 381 page bill too.
“The measure prohibits corporate entities from owning more than 350 existing single-family homes, although it does not require them to sell homes purchased before the measure became law.”
They don’t mention anything about foreign investments but China is trying to rein in their own overseas spending to boost national investment.
Carve outs:
- Investors may purchase homes owned by other investors.
- There are additional exceptions related to previous contracts and legal obligations, or
if the purchase is part of a loss-mitigation strategy.
Probably unpopular opinion because we all love the bipartisanship, but this is too little too late.
Partly because the federal governments leverage on local politics is very little but majorly because currently the interest rate and the labor/material costs is just too high especially on the coasts and none of that is regulatory burden. The Atlantic had a great breakdown [1].
Congress and/or state governments should work on a preferable interest rates for construction loans scheme and engineers need to bust through Moravecs paradox to get some productivity boosts in construction going, everything else is window dressing.
It's behind a paywall. Does this disallow corporations and non-USA residents from buying property?
That works here in Switzerland sort of - prices are still super high but more because of local wealth, not Russians and Chinese buying everything. There are underdeveloped places where foreigners are allowed to buy - Andermatt for example is filled with rich Americans.
Unclear how this is going to help? A corporation can only buy 350 single family homes. Ok, so, what's to prevent making a new corporation at 349, with the same staff?
agree our condo building has the SAME question Limiting one owner to own a set number of multiple units yet what about that owners wife/cousin/son/son in law......become owners of multiple units in the same building?
https://archive.ph/gA9Vo Partial view.
Archives having issues scraping nytimes lately. 381 page bill too.
“The measure prohibits corporate entities from owning more than 350 existing single-family homes, although it does not require them to sell homes purchased before the measure became law.”
They don’t mention anything about foreign investments but China is trying to rein in their own overseas spending to boost national investment.
Carve outs: - Investors may purchase homes owned by other investors.
- There are additional exceptions related to previous contracts and legal obligations, or if the purchase is part of a loss-mitigation strategy.
https://nlihc.org/sites/default/files/21ST_Century_ROAD_Expl...
Probably unpopular opinion because we all love the bipartisanship, but this is too little too late.
Partly because the federal governments leverage on local politics is very little but majorly because currently the interest rate and the labor/material costs is just too high especially on the coasts and none of that is regulatory burden. The Atlantic had a great breakdown [1].
Congress and/or state governments should work on a preferable interest rates for construction loans scheme and engineers need to bust through Moravecs paradox to get some productivity boosts in construction going, everything else is window dressing.
The ball has moved!
[1]: https://www.theatlantic.com/economy/2026/03/california-housi...
It's behind a paywall. Does this disallow corporations and non-USA residents from buying property?
That works here in Switzerland sort of - prices are still super high but more because of local wealth, not Russians and Chinese buying everything. There are underdeveloped places where foreigners are allowed to buy - Andermatt for example is filled with rich Americans.
https://www.banking.senate.gov/imo/media/doc/bill_text_of_th...
5 paragraphse of premable about the horse race. God hates actual journalism.
I need an LLM to start stripping out everything to do with this type of stupefying horse race discussion.
Unclear how this is going to help? A corporation can only buy 350 single family homes. Ok, so, what's to prevent making a new corporation at 349, with the same staff?
agree our condo building has the SAME question Limiting one owner to own a set number of multiple units yet what about that owners wife/cousin/son/son in law......become owners of multiple units in the same building?