One of the greatest things Theodore Roosevelt did when he was President was to bust monopolies.
Simple, the more residential properties you own the more taxes you pay. Own 100 houses go bankrupt.
Ooh, slick. This new law will do inthe US what was done in Aussie -land: let the politicos own all the rentals.
Wanna see a rent hike? Wait one week after such a law passes. This has nothing to do with protecting home owners or renters. It is all about politicos buying up both properties.
Just like what was done in Australia.