The cost of housing is outrageously expensive and even renting is stretching American budgets thin in many places in our country. One way we could potentially lower housing prices would be to prevent institutions from owning Single Family homes. Institutions will still be able to develop Real Estate and own Multi-Family complexes, but making SF homes available for purchase by individual US citizens ONLY could force a large amount of supply into the market without spending tax dollars.
This would also cause rentals prices to go down because people who couldn’t afford current prices would move from renting to owning creating a corresponding supply shock to the rental market.
We probably could not instruct these institutions to sell their inventory all at once in a short period of time so we would have to have a phased selling of institutional inventory over (x) period of time.
I would love to hear Americans Feedback on if this is a possible solution and if so, any suggestions on the rates of sell phases so as to prevent destroying these entities balance sheets.