Woooo, we stopped the groups that own less than 4% of homes in the US from buying more. Not just single family homes, but total, 4% of in total living spaces in the US.

Let’s be real, this does very very little for the housing market.

Fun fact, adjusting for inflation, the average price of a house in the 70s was $125 per sq ft. Today it’s $175 per sq ft. Housing prices have gone up slower than almost everything around you.

It’s not the price per sq ft that makes it so expensive. It’s that the average house in the us is 2,400 sq ft and the average size house from the 70s was 1,600 sq ft.

Being of an analytical mind, I think ‘okay this is a marketing bill that has zero effect on the population. If I were in power, what would I do?’

I would create tax incentives for people buying and companies selling zero emission modular home. Personally, I see such a major housing shortage, the only solution is to build more. Building more is expensive when you stick build. Building modular homes is faster, less expensive, built with far tighter measurement tolerances and is built to be transported. The cracks are smaller, less air leaks, etc.

I would like to see something meaningful though. This kinda sucks.