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Housing Bill Question

Two questions on the housing bill. I'm not educated on three subject so these are just thoughts I'm looking to get answers on.

  1. It limits institutional investors to 350 new homes or less. Don't most large scale investors build ENTIRE neighborhoods ask at once that they make into rentals of 100+ homes at a time. Not buy existing homes. So wouldn't those extra homes just not get built in the first place, limiting supply even more?

My current neighborhood is 150 homes that are all rentals built by DRH. If they didn't buy the land no one would have ever built homes here.

  1. The bill doesn't push investors already with large numbers of homes to sell in X years. Many of the biggest builders are also large scale investors who build their own homes then turn around and rent them. Like DRH. They both build homes to sell and build homes to rent. Building less homes means empliying less contractors and building costs will go up. They tend to reuse the same contractors between multiple ongoing projects to keep labor costs down.
submitted by /u/itsthewolfe
[link] [comments]

source https://www.reddit.com/r/RealEstate/comments/1uio6ia/housing_bill_question/
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