The Senate on Thursday passed the largest housing affordability bill in 30 years, including a ban on investors from buying single-family homes, with a 89-10 vote.

But the bill faces an upward battle in the House, which passed its own bipartisan legislation in February. House GOP leaders have already said the measure will need to be negotiated, suggesting they will not take up the Senate-passed bill. House Minority Leader Steve Scalise, R-La., earlier this week told fellow House Republicans in a closed-door meeting that the measure is likely to bog down over differences between the two chambers’ versions.

One of the biggest issues is a ban on investors and companies from buying single-family homes if they already own 350 or more. Companies that add to the housing supply through building or serious renovations would be able to own more homes, but would need to sell those homes after no more than seven years.

you are viewing a single comment's thread
view the rest of the comments

[–] InevitableSwing@hexbear.net 5 points 1 day ago

Somehow they all still work in the same buildings, use the same computers, and crap in the same toilets as Blackwater people. A "Blackstone lawyer" has something to say on social media.

I am not a "Blackstone lawyer". I represent BlackstoneJ. It is a different entity from Blackstone and also from BlackstoneA though BlackstoneH and from BlackstoneK and so on. BlackstoneI no longer exists because people kept referring to it in error as "Blackstone One" or "BlackstoneEL". The companies listed are DIFFERENT legal entities as such the 350 limit does not— You know what? Fuck all of you. The law is the law I'm laughing all the way to the bank.