New York governor wants to limit hedge funds from buying up homes
Thursday, 9 January 2025 New York Gov. Kathy Hochul says she will push for new laws to make it harder for hedge funds to purchase large numbers of single-family homes in the state. In a statement Thursday, Hochul said she would propose legislation this year that would require a 75 day waiting period before large investment firms could place bids on new homes hitting the market and limit certain tax benefits when the firms purchase homes. The plan comes as lawmakers elsewhere have also sought to address public concerns that hedge funds or other big investors are buying up single-family homes and shrinking the housing supply for individual buyers and families.
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Thursday, 9 January 2025
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