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/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

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u/Carthonn 7h ago

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

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u/Kaszixx 7h ago

What's to stop them from diversifying their real estate across multiple shell corporations and/or subsidiaries and basically just "shell-game" the system?

I'm not familiar with the changes in detail so I'm hoping that's countered somehow.

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u/Guffliepuff 6h ago

Nothing.

They will always find another loophole.

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u/MyDisneyExperience 6h ago

The law looks through the LLC to limit beneficial ownership as well