Finance

Democrat Khanna Refloats Bill to Block Investors from Buying Up Homes

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Maya Rodriguez
Financial Analyst
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Democrat Khanna Refloats Bill to Block Investors from Buying Up Homes

President Donald Trump is cultivating an affordability agenda as he and Republicans sink in the polls.

According to CNBC, Democrat Ro Khanna has refloated a bill to block investors from buying up homes. This move comes as President Trump and Republicans are struggling in the polls.

The bill, which has been introduced in the past, aims to prevent large corporations and investors from buying up single-family homes, which can drive up prices and make it difficult for ordinary people to afford housing.

Khanna's bill is part of a broader effort to address the affordable housing crisis in the United States. The crisis has been exacerbated by the COVID-19 pandemic, which has led to a surge in demand for housing and a shortage of available units.

The bill has yet to gain traction in Congress, but it is seen as a key part of the Democratic Party's efforts to address the affordable housing crisis.

Sources

[1] Democrat Khanna refloats bill to block investors from buying up homes after Trump proposal