Second, even if they did ban institutional investors from buying single-family h...

…Why? Well, it turns out there's a few reasons. First, Congress could face severe legal challenges trying to ban an entire investor class from owning properties. Sure, they could argue that they're preventing housing market distortions and trying to improve affordability, but it's not without a legal fight. Second, even if they did ban institutional investors from buying single-family homes, it would need to be strict enough to prevent the circumvention of a company just creating shell organizations, putting the properties under those LLCs, and buying just enough not to trigger the limit. Of course, Congress could pass the Corporate Transparency Act so that the same beneficial owners are pulled together as one, but again, it takes a lot of time, money, and resources to trace the ownership of what's probably going to be dozens of anonymous LLCs, and then enforcing it on top of all of that is going to be nearly impossible. And third,…