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Abbott wants limits on investment home buyers

Posted on AllSides March 19th, 2024
From The Center

Gov. Greg Abbott called on state lawmakers Friday to try to limit Wall Street’s presence in the Texas housing market. As the nation’s housing affordability crisis continues unabated, lawmakers and housing advocates increasingly have concentrated scrutiny on so-called institutional homebuyers, meaning investors big and small as well as corporations that buy single-family homes to rent them out. They accuse corporations and hedge funds of playing an outsized role in the homebuying market and outbidding would-be first-time homebuyers, even though estimates show investors own only a small percentage of the nation’s...

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