YoBuckStopsHere@lemmy.world to politics @lemmy.worldEnglish · 10 months agoDemocrats Unveil Bill to Ban Hedge Funds From Owning Single-Family Homes Amid Housing Crisistruthout.orgexternal-linkmessage-square193fedilinkarrow-up11.8Karrow-down111
arrow-up11.79Karrow-down1external-linkDemocrats Unveil Bill to Ban Hedge Funds From Owning Single-Family Homes Amid Housing Crisistruthout.orgYoBuckStopsHere@lemmy.world to politics @lemmy.worldEnglish · 10 months agomessage-square193fedilink
minus-squareSlopppyEngineer@discuss.tchncs.delinkfedilinkarrow-up19arrow-down1·10 months agoHedge funds will only own many small investment firms, and those little firms own the houses.
minus-squarebcron@lemmy.worldlinkfedilinkarrow-up7·edit-210 months agoIf a hedge fund registered an S corp for each property, they could be the sole shareholder and at the same time not technically own those properties. Each S corp would one one property. Edit: the tenants would fund the registration
Hedge funds will only own many small investment firms, and those little firms own the houses.
If a hedge fund registered an S corp for each property, they could be the sole shareholder and at the same time not technically own those properties. Each S corp would one one property.
Edit: the tenants would fund the registration