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- Democrats want to ban hedge funds from buying houses in an effort to improve housing affordability.
- A bill introduced in the Senate would require hedge funds to sell off their single-family homes over the next 10 years.
- It would also prohibit hedge funds from owning any single-family homes at all.
Some streets aren't for Wall Street. As the housing affordability crisis drags on, lawmakers are seeking to kick out hedge funds from the housing market.
Two bills proposed by Democrats in Congress this week aim to curb home ownership by big investors in an attempt to improve buying conditions for Americans, the New York Times reported.