Hear me out. Whenever there is issuance of new debt (bonds, fixed income), there is an initial “retail period” that gives individual investors the opportunity buy into the issues before the “institutional period” where the institutions (blackrock, vanguard) come and sweep up everything.
This allows individual investors with less buying power to actually get in.
Why shouldn’t the same go for housing? Yeah this will be a short term hit for current homeowners but it will help the housing crisis.
We’re getting locked out of the housing market by our lack of cash buying power. We literally can’t compete with blackrock.
Think about it. If every single family home going on the market had an initial 30 day period where it could only be bought by an individual, not a corporation or investor, then after those 30 days it’s released to be picked up by corps/investors….It would straighten out the market tremendously.
(Personally I don’t think corporations should be legally permitted to buy single family homes but that’ll never pass. I see the above as a decent compromise)