Warren Unveils Plan to Break Wall Street's Grip on Homes

Sen. Elizabeth Warren and a coalition of Democrats introduced the American Homeownership Act to curb corporate landlords from buying up homes by revoking tax breaks and tightening enforcement, precluding federally backed mortgages for large institutional buyers, and defining ownership of more than 30% of a housing market as presumptively illegal in an effort to boost affordable housing. Warren argues Wall Street-driven ownership raises rents and undermines the middle class, while Trump has endorsed similar policies; Republicans remain skeptical. Brookings data show institutional investors own a small share of rentals nationwide but sizable shares in several big metros, highlighting a potential bipartisan policy debate over housing affordability.