The Stop Wall Street Landlords Act & The Housing Crisis with Congressman Ro Khanna (CA)

Episode description

The housing crisis the US of A has found itself in isn’t the result of just one cause or catalyst – it’s a plethora of issues, including the mass purchasing of residential properties by institutional investors. In other words, the ol’ Wall Street crew is playing grab and go with homes at a considerable scale across this country, leading to unaffordable housing, inflated pricing and bidding wars, and a huge cut to the middle and lower markets. It’s a bit complicated, it’s a bit econ 101, and it’s a bit easier to understand with the help of Congressman Ro Khanna of California who has introduced a bill to solve this issue. The bill – the Stop Wall Street Landlords Act – is the central focus of the conversation and how it can solve a critical piece of this policy puzzle. We also define what an institutional investor is so, don’t fret, we’ve got the banking basics in here too.

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