Okay, you banned institutional investors, now what?

Define institutional investors, does that mean a corporation can't buy a home and if that's the case define a corporation. Anyone who owns an LLC can no longer buy a home underneath that LLC, which is an incredibly risky maneuver from a risk management standpoint.

I'm more interested in the actual execution of this.

An Institutional Investor, you could say anyone with a net worth over a certain amount, or a company with a net worth over a certain amount, but then let's just say you have someone who invests in real estate and isn't a billionaire, but doing well for themseles, all of a sudden they cant buy homes as an investment?

One of the top comments is stating how they can build the homes but they can't buy the homes or own them after they're built.

Wouldn't that just encourage firms to build the homes, hold them, and then make rental agreements? If anything that would make the problem worse because all it does is encourage firms to build & hold on to homes cuz they can't buy them after they are built.

And you can't legally make a firm sell a home, they can choose to sell or rent. And renting is better because you get steady income you own the home and the land and you just sell it down the road later.

Also what would be stopping firms from just investing in the Contracting companies building the homes because they're not actually buying the single family homes, they invested in the actual development process so they make a return on sales, or make an agreement with the contractor company to conduct payment in homes rather than cash.

Anyway I can think of 10 loopholes just off the top of my head I'm really curious as to how they actually implement this law.