New Leg. Proposes to Take Wall St Out of the Housing Market
The bill would ban hedge funds from buying & owning single-family homes in the US. If signed into law -could potentially increase the supply of homes available for individual buyers -would require hedge funds to sell off all the single-family homes -over a 10-yr period, & eventually prohibit such cos.-.
“The housing in our neighborhoods should be homes for people, not profit centers for Wall Street,” said Sen. Jeff Merkley. “Yet, in every corner of the country, giant financial corporations are buying up housing and driving up both rents and home prices.”
Without this legislation, "... large institutions are projected to own more than 40 percent of all single-family rental units in the U.S. by 2030"
' “We’re talked about, Iceland is talked about, like it’s an equality paradise,” said Freyja Steingrímsdóttir, one of the strike organisers ... “But an equality paradise should not have a 21% wage gap and 40% of women experiencing gender-based or sexual violence in their lifetime. That’s not what women around the world are striving for.” '
These gaps reinforce #gender & #racial#WageInequities - which have worsened since the 1990s. #Women in #Washington earned on average about 64.4% of what men made in 2021, a decrease from nearly 70% in 1992.