Legislation would also require BlackRock vanguard hedge funds to sell their portfolios of houses.
I’m sure it’s to win brownie points with the voters although the implications of it actually came to pass could be devastating to areas like Phoenix Arizona.
Hedge funds have purchased 44% of homes for sale in the last several years, which has driven prices wildly higher.
Congress is considering banning hedge funds from buying homes going forward.
When this demand is taken out and these funds begin to sell prices will coming crashing down creating a huge opportunity to those that are smart and can wait it out.
More in video (1:47).
Home prices are about to crash if this is true pic.twitter.com/Fb25Y4ktq5
— playteaux (@playteaux) December 10, 2023
AC
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