Bans hedge funds from owning single-family homes and requires them to sell at least 10% of the total number of single-family homes they currently own to families per year over a 10-year period.

Do the hedge fund companies only have to sell 10% of the homes they currently own over 10 years? This isn't clear according to the article at this point.

This is a pittance & will not really bring home prices back to a more acceptable price range IMO. Also without more details, I wonder, can they hold those homes for 10 years (causing more economic damage to the average citizen) & then sell all 10%?

Subjects hedge funds to a $50,000 per single family home per year tax penalty on the number of single-family homes owned above either zero or a scheduled 10% reduction per year over 10-years winding down to zero.

Subject to a $50k yearly tax per home per year. Is this a "may" be, or "shall" be in the law? Also is this "up to" 50k, or is it a firm 50k? May = Judge can decide (ie bought off). VS Shall = Judge has little choice.

After a 10-year full phase-out, all hedge funds will be completely banned from owning any single-family homes.

This bullet point suggests that after 10 years they are banned from owning any single family homes. Without seeing the actual bill text we can hope that it meant that 10% per year must be sold off.

Imposes a 50% tax on the fair market value of any future hedge fund purchase of a single-family home.

Does this allow purchase after 10 years, or only during the 10 years? Also now that I think about it, does this ban any foreign individual/group from owning American homes/land? Buying land (ie farms) are not affected by this at all. This could be a move in the right direction, though we need to push for any & all land to only be owned by individuals, or limit the land ownership to a specific acreage by a company/board members (ie members of multiple boards are limited to purchase land based on how much land is owned by any other business owned by a board member in another company).

Tax penalties paid by hedge funds are reserved for down payment assistance for people seeking to purchase homes sold by hedge funds.

If 100% of those funds are put into escrow for individuals seeking to buy a home (first time, or do not own any home, buyers) & not pad the pockets of the deep state, this is a pretty good idea.

Ensures the tax penalty focuses on problematic actors by excluding nonprofit organizations, public housing agencies and other government entities.

Ah, this is the catch. Create a 501c3 NGO, with board memebers who can be paid big salaries. I see this as a problematic loophole. That said, I also see that many churches (most using 501 charitable organization tax code, instead of the religious 508, might lose their temples/church houses/synagogues/etc... as a "house" of God). It really depends on how the law is actually written & then interpreted/twisted in the future.

Includes an explicit certification process for a purchaser of a hedge fund owned home to confirm that they do not own a majority interest in any other single family residential real estate.

This seems to point to what I was talking about earlier.

Just some thoughts on what was suggested as I read each point.

Bans hedge funds from owning single-family homes and requires them to sell at least 10% of the total number of single-family homes they currently own to families per year over a 10-year period.

Do the hedge fund companies only have to sell 10% of the homes they currently own over 10 years? This isn't clear according to the article at this point.

This is a pittance & will not really bring home prices back to a more acceptable price range IMO. Also without more details, I wonder, can they hold those homes for 10 years (causing more economic damage to the average citizen) & then sell all 10%?

Subjects hedge funds to a $50,000 per single family home per year tax penalty on the number of single-family homes owned above either zero or a scheduled 10% reduction per year over 10-years winding down to zero.

Subject to a $50k yearly tax per home per year. Is this a "may" be, or "shall" be in the law? Also is this "up to" 50k, or is it a firm 50k? May = Judge can decide (ie bought off). VS Shall = Judge has little choice.

After a 10-year full phase-out, all hedge funds will be completely banned from owning any single-family homes.

This bullet point suggests that after 10 years they are banned from owning any single family homes. Without seeing the actual bill text we can hope that it meant that 10% per year must be sold off.

Imposes a 50% tax on the fair market value of any future hedge fund purchase of a single-family home.

Does this allow purchase after 10 years, or only during the 10 years? Also now that I think about it, does this ban any foreign individual/group from owning American homes/land? Buying land (ie farms) are not affected by this at all. This could be a move in the right direction, though we need to push for any & all land to only be owned by individuals, or limit the land ownership to a specific acreage by a company/board members (ie members of multiple boards are limited to purchase land based on how much land is owned by any other business owned by a board member in another company).

Tax penalties paid by hedge funds are reserved for down payment assistance for people seeking to purchase homes sold by hedge funds.

If 100% of those funds are put into escrow for individuals seeking to buy a home (first time, or do not own any home, buyers) & not pad the pockets of the deep state, this is a pretty good idea.

Ensures the tax penalty focuses on problematic actors by excluding nonprofit organizations, public housing agencies and other government entities.

Ah, this is the catch. Create a 501c3 NGO, with board memebers who can be paid big salaries. I see this as a problematic loophole. That said, I also see that many churches (most using 501 charitable organization tax code, instead of the religious 508, might lose their temples/church houses/synagogues/etc... as a "house" of God). It really depends on how the law is actually written & then interpreted/twisted in the future.

Includes an explicit certification process for a purchaser of a hedge fund owned home to confirm that they do not own a majority interest in any other single family residential real estate.

This seems to point to what I was talking about earlier.

Just some thoughts on what was suggested.