I Wholeheartedly support this. This is exactly the kind of policy meant to benefit ordinary Americans - especially first time home buyers - that is badly needed.
Ban foreigners from owning houses as well.
seems like Half the houses for rent in San Jose CA are owned by Asians who live over in Asia..
And don’t forget the AIRBNB buyers. My brother lives out at the Oregon coast and anything within 1/2 from the ocean is owned by the same couple corporations who bought everything.
I’m not much a fan of government dictating the market but this is bordering on monopoly practices