The Senate actually voted to stop Wall Street from buying up all our houses
In a shocking display of actual teamwork, Washington decided that maybe corporations shouldn't own every single starter home in America.
In an absolute plot twist, the U.S. Senate just passed a bill that effectively bans private equity firms from buying up single-family homes. If a corporate landlord already owns more than 350 houses, they are officially cut off from hoarding any more.
The most shocking part? This was a team effort. Progressive champion Elizabeth Warren and conservative Tim Scott actually worked together to make this happen. They both pointed out that, yes, it is possible to pass a law that actually helps real human beings instead of just watering it down until it's useless.
Not everyone was thrilled. A few senators missed the vote entirely because of a massive thunderstorm at the airport, and Rick Scott voted against it because he thinks housing is a "local issue" and Congress should just focus on balancing the budget. But it's heading to the House next, and then to Donald Trump, who is expected to sign it.
Turns out all it took to get bipartisan agreement was the collective nightmare of a rental market run entirely by algorithms.
Source: NBC News
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