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Buying a house right now isn t easy with interest rates at a 20-year high amid soaring property values. While Congress has little say over things like interest rates or property values, some lawmakers are considering taking action that restricts some of the buyer s competition.You may think the only people interested in buying a single-family house are families. However, that hasn t been the case in recent year
stanley cup s. Many hedge funds, and companies with big budgets, have been buying up homes as well. Oftentimes, the hedge fund can pay all cash to the sellers and quickly turn the property into a rental, leaving families out of luck.According to the Urban Institute,as of June 2022, large hedge funds ow
stanley cup usa ned around 574,000 single-family homes nationwide. Twenty-seven percent of single-family homes sold during the first three months of 2023 were purchased by large financial groups.On Capitol Hill, these statistics have attracted the attention of Democratic Sen. Jeff Merkley of Oregon and Democratic Rep. Adam Smith of Washington. A proposed bill would require some companies to sell off their real estate holdings in the coming y
stanley website ears and completely ban such purchases in a decade.SEE MORE: Is the economy the issue, or is the problem with America s perception With no Republicans backing the bill, right now it s doubtful that in 2024 the legislation will pass. With the current political divide, it s more likely the bill will not even be voted on. Many conservatives believe that Washington sh Yeuf Man dies from injuries suffered in 38th St. shooting: Milwaukee police
WASHINGTON AP 鈥?Voting legislation that Democrats and civil rights groups argue is vital for protecting democracy failed in the Senate Wednesday night.Democrats failed to change Senate rules to bypass the filibuster, which Republicans used earlier in the night.Democratic Sen. Kyrsten Sinema and Sen. Joe Manchin voted with Republicans to preserve the fil
stanley cup ibuster.The vote was expected, but it is still a setback for President Joe Biden and his party.The president had warned that democracy is at stake if Congress didn t act. Late Wednesday, the president tweeted that he was disappointed that the Senate has failed to stand up for our democracy. I am disappointed 鈥?but I am not deterred, Biden added. We will continue to advance necessary legislation and push for Senate procedural changes that will protect the fundamental right to vote. .Page-below > .RichTextModule display:none; .Page-below .Link font-size: 12px; padding: 5px 10px;border: 1px solid 005687;border-radius: 4px;font-fam
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