Wall Street BANNED from Buying Houses in 2024?
Congress has proposed new legislation to ban Wall Steet Investors and Hedge Funds from buying houses in the US Housing Market in 2024. This ban would also require Wall Street companies - including Blackstone, Invitation Homes, and Progress Residential - to sell off all their houses over the next 10 years.
The bill in Congress is called the End Hedge Fund Control of American Homes Act. And it would require all large investors in the Housing Market (who own more than $50 Million) to sell off their portfolio over ten years.
One city where investors could start selling soon is Las Vegas. This is an area where the investors piled in during the pandemic, buying as many as 40% of the houses in certain neighborhoods. But now those investor purchases have crashed and some investors - like AmericanHomes4Rent - are starting to sell their properties.
However - this selloff from investors is unlikely to crash the entire Housing Market. Because the big hedge funds that own real estate only own about 574,000 homes - about 0.6% of the entire US Housing Market. If they start to sell, they could cause home prices in certain cities and neighborhoods to collapse. But it is unlikely to cause a national housing downturn.
That's because there's 24 million investor-owned homes total, and most of these investors won't be impacted by this bill. Many of these real estate investors own houses so they can claim the tax depreciation benefits of owning real estate.
---
REVENTURE APP: https://www.reventure.app
Access Exclusive Data and Videos as a Channel Member: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/
Видео Wall Street BANNED from Buying Houses in 2024? канала Reventure Consulting
The bill in Congress is called the End Hedge Fund Control of American Homes Act. And it would require all large investors in the Housing Market (who own more than $50 Million) to sell off their portfolio over ten years.
One city where investors could start selling soon is Las Vegas. This is an area where the investors piled in during the pandemic, buying as many as 40% of the houses in certain neighborhoods. But now those investor purchases have crashed and some investors - like AmericanHomes4Rent - are starting to sell their properties.
However - this selloff from investors is unlikely to crash the entire Housing Market. Because the big hedge funds that own real estate only own about 574,000 homes - about 0.6% of the entire US Housing Market. If they start to sell, they could cause home prices in certain cities and neighborhoods to collapse. But it is unlikely to cause a national housing downturn.
That's because there's 24 million investor-owned homes total, and most of these investors won't be impacted by this bill. Many of these real estate investors own houses so they can claim the tax depreciation benefits of owning real estate.
---
REVENTURE APP: https://www.reventure.app
Access Exclusive Data and Videos as a Channel Member: https://www.youtube.com/channel/UCVTQunGrE3p7Oq8Owao5y_Q/join
DISCLAIMER: This video content is intended only for informational, educational, and entertainment purposes. Neither Reventure Consulting or Nicholas Gerli are registered financial advisors. Your use of Reventure Consulting's YouTube channel and your reliance on any information on the channel is solely at your own risk. Moreover, the use of the Internet (including, but not limited to, YouTube, E-Mail, and Instagram) for communications with Reventure Consulting does not establish a formal business relationship.
Image(s) and/or Footage used under license from Shutterstock.com. https://www.shutterstock.com/
Additional stock footage provided by Envato Elements. https://elements.envato.com/
Видео Wall Street BANNED from Buying Houses in 2024? канала Reventure Consulting
Показать
Комментарии отсутствуют
Информация о видео
Другие видео канала
The Coastal Recession: America's Job Losses Concentrated in Five CitiesWashington DC Real Estate: BUY or SELL in 2021?!TAMPA Florida Real Estate: 2021 Housing Bubble WORSE than 2007?DR Hortons reports 40% CRASH in Earnings (Home Builder Stock Bubble)Bank of America just reported a big DROP in Consumer SpendingRALEIGH / DURHAM Real Estate: Housing BOOM or BUST in 2021?Houston Real Estate: BEST Neighborhoods for Growth in 2021!2023 Recession just hit REALTORSBuilders Dumping All Their Inventory Before 2023 (Big Price Reductions)Wall Street Landlords are DROPPING THE RENTThe Recession just hit Target.2023 Recession just hit HOME DEPOTStockpile CASH. Buying Opportunities in 2022. (Real Estate, Stocks & Bitcoin)Builders Report MASSIVE Cancellations (68% DROP in Homebuyers)How the Fed destroyed the Housing MarketFed just issued a dire WARNING: "Financial Conditions are Getting Much Worse"Apartment Builders Are CRASHING the Rental Market in AmericaHome Prices to Keep Declining in 2023?New Home Prices DROPPING FAST (Home Builders Preparing for Housing Crash)Homebuilder WARNING: "Projects are Cancelled. No More Buyers"Banking Crisis just got WORSE. Fed reporting $400 BILLION in Losses.