What…?

Frankly the limit should be 0 for private equity. The only exception should be for mortgage lenders (for obvious reasons) who should also not be ownable by PE or VC.

It should not be legal for corporations to own a residential property outside of the context of a mortgage. Any corporation (here, including banks) owning a residence for the purpose of rental income should be flat out illegal as well.

That’s genuinely fantastic news.

The skeptic, pessimistic part of me now wants to know how BlackRock et al will get around this with creative corporate and financial shell games, because I’m absolutely sure they will try to do just that.

Side note: Mamdani did a special appearance on Ms Rachel’s show? That’s actually kinda awesome!

that’s gonna be a “nope” from me, dawg.