Part 3/10:
- Prevent future ownership of single-family homes by such investors once the phase-out is complete.
The language is somewhat vague regarding what constitutes a "large investor," although it explicitly mentions Real Estate Investment Trusts (REITs). The overarching vision is to restore housing to a more traditional, family-oriented paradigm.
Market Impact and Predicted Outcomes
While the initiative appears to target fairness and affordability, experts caution about potential unintended consequences that could exacerbate existing housing crises.