Top Democrat Unveils Staggering Housing Monopoly TAKEDOWN
December 4, 2022
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6:52Now PlayingTop Democrat Unveils Staggering Housing Monopoly TAKEDOWN
YouTube Description
as posted by the channelSenator Jeff Merkley has introduced a bill that aims to take down the hedge fund stranglehold on the housing market, which is becoming an alarming problem across the nation. John Iadarola and Miranda Scholl break it down on The Damage Report.
Read more here:
Merkley Bill Aims to Dismantle Hedge Fund Stranglehold on Housing Market
"As millions of Americans struggle to afford rent and mortgage rates, U.S. Sen. Jeff Merkley on Wednesday unveiled legislation intended to stop major Wall Street investors and hedge fund predators from continuing to exacerbate the nation's housing crisis.
"Everyone should have a safe, affordable place to call home," the Oregon Democrat said in a statement. "In every corner of the country, giant financial corporations are buying up housing and driving up both rents and home prices. They're pouring fuel on the fire of the affordable housing crisis that so many of our communities are facing, leaving working families behind."
"The housing in our neighborhoods should be homes for people, not profit centers for Wall Street," Merkley asserted. "It's time for Congress to put in place commonsense guardrails that ensure all families have a fair chance to buy or rent a home in their community at a price they can afford.""
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