The Dual Mind View

Georgia's institutional investor ban failed in the state House. The more interesting lesson is in how legislatures actually work. A few weeks ago I wrote about Georgia's SB 463 , as a potential template for a federal compromise on the controversial issue of institutional ownership of single family homes. My exact quote was "Start looking at Georgia". You can stop now. The Georgia legislative session ended on April 2nd, and industry opposition to the measure killed the prop

Featured in HousingWire History doesn’t repeat itself, but it frequently rhymes. In the years before the 2008 mortgage crisis, financial “innovations” promised to unlock homeownership for millions. Each new product was marketed as pro-consumer and pro-efficiency, yet each gradually eroded the information needed by the people downstream who were pricing risk. The crisis produced a generation of regulatory reform premised on one simple lesson: when the information underlying cr

Start looking at Georgia. The Senate Passed An Institutional Investor Ban. The Final Version Will Look Very Different. The Senate’s 89–10 vote isn’t the end of the story. The real fight will happen in conference — and Georgia’s legislature may already be pointing to the compromise. Last week the Senate passed the 21st Century ROAD to Housing Act by an overwhelming 89–10 margin, attaching a provision that would prohibit “large institutional investors” from owning more than

Institutional investors vertically integrate. The debate over institutional ownership of single-family homes continues, with new legislation on Capitol Hill and in statehouses from Georgia to Nevada aimed at restricting the practice. Invitation Homes , the nation’s largest single-family rental REIT with roughly 82,000 homes across the Sun Belt, is steering into the skid rather than fighting the tide. In January, the company acquired Atlanta-based ResiBuilt by Invitation Home

Pennsylvania joins the list of states looking to regulate the financial products. Millions of homeowners are sitting on equity they can't touch without giving up a mortgage rate they'll never see again. The market built a product to solve that. As Real Estate News reports , state legislatures are now saying "not so fast." Two pieces I wrote last week are converging in real time. The Fed's Philly district data showed the local housing market slowing because of low inventor

Illinois and Hawaii join the list of states that may mandate public marketing of homes for sale. Featured in HousingWire . RELATED ARTICLE: https://www.linkedin.com/posts/anthonyvmannino_realestate-housing-regulation-activity-7432149693645815808-ygu7?utm_source=share&utm_medium=member_desktop&rcm=ACoAAALkMOwBQlmMPP--r3LCOOmdMvrhuVzvy5I

Small problem; many solutions. Wall Street vs. Main Street: the "Institutional Ban" That Isn't, But May Work Anyway (maybe) In just a few weeks, President Trump's promise to "stop Wall Street from competing with Main Street homebuyers" has gone from slogan to an emerging policy architecture, and it turns out there's more than one way to skin a cat. What's Past is Prologue: the Ro Khanna bill. Rep. Ro Khanna (D-CA) has been fighting "Wall Street landlords" for years with ver