Racket News

Will Evicting Blackstone Help Young People Buy Homes?

The U.S. housing market faces a crisis as institutional investors like Blackstone and Vanguard have amassed millions of starter homes, driving up prices for first‑time buyers. President Trump and bipartisan lawmakers are pushing legislation to curb corporate ownership, culminating in the 21st Century ROAD to Housing Act, which passed the Senate 89‑10 and now heads to the House. The bill would prohibit companies that own 350 or more homes from purchasing additional properties. Critics argue that limiting corporate buyers alone may not resolve broader affordability challenges.