The Stop Wall Street Landlords Act & The Housing Crisis with Congressman Ro Khanna (CA)
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The housing crisis the US of A has found itself in isn\\u2019t the result of just one cause or catalyst \\u2013 it\\u2019s a plethora of issues, including the mass purchasing of residential properties by institutional investors. In other words, the ol\\u2019 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\\u2019s a bit complicated, it\\u2019s a bit econ 101, and it\\u2019s 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 \\u2013 the Stop Wall Street Landlords Act \\u2013 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\\u2019t fret, we\\u2019ve got the banking basics in here too.
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