For every single-family home a hedge fund owns over a certain limit each year, it would be subject to a tax penalty, the revenues from which would be used for down payment assistance programs for those seeking to buy their first home from a hedge fund.
Sounds like even if this gets passed, whatever penalties get assessed are just going right back to the hedge funds anyway? And it’s a 10-year plan… Kinda sounds like a whole lotta nothing. Disappointing.
While I appreciate the nitpick, I think it’s likely the case that “kills a bunch of people” is also something we want to avoid…