US Edition
Politicians Want to Stop Companies From Buying Homes. A Ban Wouldn’t Bring Down Costs.
- Raysall Wiggins struggled to buy a home in Houston because institutional investors often outbid individual buyers, limiting access for prospective homeowners.
- Institutional investors own a small share of single-family homes nationally and in Texas, where they bought about 14.2% of homes in 2021 but have recently begun selling more than buying.
- Experts and housing economists assert that the main cause of high housing costs is a severe shortage of housing stock, not institutional investors, and banning these investors would not lower prices or increase housing supply.
- Texas lawmakers have considered but stalled legislation to regulate institutional investors' home purchases, with economists warning such bans might worsen affordability and income segregation without addressing the underlying housing shortage.
13 Articles
13 Articles
Denton Record-Chronicle
Politicians want to stop companies from buying homes. A ban wouldn’t bring down costs.
In 2020, Raysall Wiggins decided she no longer wanted to rent a home in the Houston neighborhood where she grew up. She wanted to buy.
Associated Press News
Politicians want to stop companies from buying homes. A ban wouldn’t bring down costs
In 2020, Raysall Wiggins decided she no longer wanted to rent a home in the Houston neighborhood where she grew up. She wanted to buy.
Politicians want to stop companies from buying homes. A ban wouldn’t bring down costs - The Morning Sun
In 2020, Raysall Wiggins decided she no longer wanted to rent a home in the Houston neighborhood where she grew up. She wanted to buy. “I wanted to have something of my own, something that I could eventually pass down to my children,” said Wiggins, who has two teenage sons. “My parents never had that, and I wanted something different for my own children.” Wiggins, who works in health care, put in multiple offers on homes in Houston’s Acres Home …
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- 55% of the sources lean Left
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