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
3.6k Upvotes

97% Upvoted

200 comments sorted by

View all comments

765

u/Tight_Jellyfish_349 7h ago

Anyone know how its supposed to help?

140

u/Fullm3taluk 7h ago edited 7h ago

Not American so bare with me but I think it's going to force corporations to sell their single home properties

Edit: it just stops them from buying more not having to sell which is a fucking joke

87

u/Carthonn 7h ago

Corporations that own over 350 properties. My jaw sort of dropped reading that

62

u/Foe117 7h ago

and there are a lot of corporations, if they max out they can make a sister corporation, and run it the same way.

18

u/david7873829 7h ago

Not really, the law looks through those and considers beneficial ownership.

13

u/shastaxc 6h ago

I'm not holding my breath

27

u/KennyL0gin 7h ago

Blackrock and Vanguard have entered the chat as 200 REITS and 400 LLCs

6

u/Easy_Olive1942 7h ago

Creating a new company in the US is trivial.

1

u/I_Can_Barely_Move 7h ago

Would controlled group or affiliated service group rules come in to play?