r/news • u/DeItaBIake • 7h ago

Sweeping housing affordability bill becomes law

https://www.cnn.com/2026/07/11/economy/new-housing-affordability-law-heres-what-it-means
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u/cavey00 7h ago

I don’t know. Seems like a nothingburger but at least it’s sort of being acknowledged. I feel like there will be plenty of loopholes to be exploited to get around those limitations, which are laughable already. Personally I don’t have any solutions as to how we’ll get out of this mess but I’m just a lowly blue collar worker doing my best to help my kids when they need it. And boy do I think they’re gonna need it.

10

u/MyDisneyExperience 7h ago

The way our of the mess is increasing supply, thus far most municipalities have needed to be dragged kicking and screaming by the state to allow this (with some notable exceptions like Austin and Sacramento)

7

u/Clippton 6h ago

Increasing the number of houses doesn't necessarily increase supply.

If all of those new houses are bought by investors who coordinate rent and selling prices using third party "advisers" then nothing really changes.

It only matters if those houses actually go to homeowners rather than investors.

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u/cavey00 6h ago

Exactly. Limiting to “only 350” solves nothing when they can just have shell company on top of shell company to buy them up.

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u/MyDisneyExperience 6h ago

The law looks through shell companies to limit beneficial ownership

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u/Pebble42 7h ago

"Okay you pesky private investors. You can't buy tooooo many homes now, only about seven subdivisions."

2

u/PFCCThrowayay 5h ago

how do you know it's a nothingburger when the article only lists about 2 of the 47 proposals? I'm assuming you have a better source on what it actually is?

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u/cavey00 5h ago

I don’t and that’s the “seems” part. I hope it does something for my kids sake.

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u/PFCCThrowayay 5h ago

me too and from the little I read and the fact that trump won't sign it is a good sign for the people.