Alvardo went on to note, “Prior to 2011, no single investor owned more than a thousand single-family homes. By 2022, 32 institutional investors owned half a million single-family homes, and in 2024 across the U.S., investors bought roughly one-in-six homes that were sold.

That’s tea.

“We have concerns about some of the unintended consequences and the potential chilling effect this could have on new investment,” Ludeman told the committee. “This legislation is not ready for prime time, and there needs to be more consideration of the real-world impacts on the housing market.”

So the lobbyist sees investment firms buying up Single Family Homes as free speech to help develop more homes for investment firms to buy ?

Companies shouldn’t be allowed to hold more than say 3 single family homes (allowing for individuals to have a few rentals max under an LLC), and that includes all related companies, subsidiaries, etc.

Extending beyond that it would need to be a company handling condos, apartments, etc. and not single family homes.