An open letter to the President & U.S. Congress

Stop large corporations from turning everyone into a renter.

2 so far! Help us get to 5 signers!

Institutional investors acquiring large shares of the single-family housing market is concerning for housing affordability and accessibility. While this practice was born out of the housing crisis, it has now ballooned to the point where analysts project these corporations could control 40% of all single-family rentals by 2030. This level of consolidated ownership raises valid concerns about pricing power and the ability for average Americans to attain homeownership. The request is to institute policies that restrict large corporations and private equity firms from purchasing single-family homes on a massive scale. A balanced approach allowing some institutional investment but limiting market dominance could help preserve attainable housing options. Reasonable limitations on corporate homebuying would promote a more competitive landscape and equitable access to housing for individuals and families. Protecting opportunities for homeownership is crucial for economic mobility and generational wealth building.

▶ Created on May 19, 2024 by Joshua

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