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.

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[–] FnordPrefect@hexbear.net 17 points 1 day ago* (last edited 1 day ago) (1 children)

porky-happy Luckily, there's no legislation on how many companies I can own! As such I am proud to announce the launch of Blackstonea-Blackstonezzzz

[–] InevitableSwing@hexbear.net 5 points 23 hours 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.

[–] SevenSkalls@hexbear.net 18 points 1 day ago (1 children)

Also, only 350 homes?! How am I supposed to survive owning only 350 homes?

[–] JustSo@hexbear.net 12 points 1 day ago

WHERE DO I SLEEP THE OTHER SIX NIGHTS OF THE YEAR?!

[–] woodenghost@hexbear.net 9 points 23 hours ago* (last edited 23 hours ago) (1 children)

You know how Germany has no speed limit on the "Autobahn" highways? They've been discussing it forever. Now this housing policy could offer a blueprint for a solution: just make the speed limit 350 km/h.

Or how about a new less-tolerance policy against tax evasion: 350 strikes and you're out.

As Jesus said: he who committed less than 350 acts of sin shall cast the first 350 stones.

[–] InevitableSwing@hexbear.net 3 points 23 hours ago

Do you know how fast you were going?

349 km/h?

[–] SevenSkalls@hexbear.net 11 points 1 day ago (1 children)

Seven years is so long to sell a house 😂

[–] MemesAreTheory@hexbear.net 5 points 23 hours ago* (last edited 23 hours ago)

It's basically applying patent law to houses. So fucking stupid.

"Please Mr ~~innovator~~ housing provider, you can have a little monopoly rents, as a treat. All I ask is that you humbly ~~give your beneficent creation to the commons~~ rebrand and lobby and effectively delay almost inevitably the final sale of the house after you've extracted exorbitant value from having a state sanctioned monopoly.

bootlicker

[–] SorosFootSoldier@hexbear.net 12 points 1 day ago

The working class don't want you to know this but you can own as many homes as you like, it's true! I have 350 homes, I just buy them up. alex-karma

[–] InevitableSwing@hexbear.net 9 points 1 day ago

Bipartisanship!

[–] Ildsaye@hexbear.net 4 points 1 day ago

biden-leftist